Lake Tahoe Community College Foundation
- Assets
- $4.4m
- Revenue
- $666.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Lake Tahoe, CA
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 68-0383810
Organization Overview
Lake Tahoe Community College Foundation is located in South Lake Tahoe, CA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tahoe Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lake Tahoe Community College Foundation generated $666.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $354.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO WORK FOR EDUCATIONAL EXCELLENCE BY ASSISTING AND ENCOURAGING INVESTMENT IN THE DEVELOPMENT AND GROWTH OF EDUCATIONAL OPPORTUNITIES AT LAKE TAHOE COMMUNITY COLLEGE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS OF LAKE TAHOE COMMUNITY COLLEGE DISTRICT. THE SOURCE OF THESE FUNDS IS A COMBINATION OF UNRESTRICTED AND RESTRICTED DONATIONS.
CONTRIBUTIONS TO COLLEGE DEPARTMENTS IN ORDER TO SUPPORT STUDENT ACTIVITIES, EDUCATIONAL PROJECTS, AND TECHNOLOGICAL UPGRADES. THE SOURCE OF THESE FUNDS IS A COMBINATION OF UNRESTRICTED AND RESTRICTED DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russi L Egan Treasurer | OfficerTrustee | 4 | $0 |
Jeff Defranco Secretary | OfficerTrustee | 2 | $0 |
Nancy Harrison Executive Dir. | OfficerTrustee | 40 | $0 |
Walter Morris PHD Trustee | OfficerTrustee | 1 | $0 |
Adele Lucas President | OfficerTrustee | 4 | $0 |
Ron Alling Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,470 |
| Total Program Service Revenue | $0 |
| Investment income | $113,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,078 |
| Grants and other assistance to domestic individuals. | $220,312 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,438 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,865 |
| Total functional expenses | $354,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,105 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,172,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,434,309 |
| Accounts payable and accrued expenses | $97,545 |
| Grants payable | $0 |
| Deferred revenue | $87,160 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $184,705 |
| Net assets without donor restrictions | $700,209 |
| Net assets with donor restrictions | $3,549,395 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,434,309 |
Grants Awarded
Over the last fiscal year, Lake Tahoe Community College Foundation has awarded $3,354,139 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE TAHOE COMMUNITY COLLEGE PURPOSE: UNIVERSITY CENTER | $3,290,168 |
LAKE TAHOE COMMUNITY COLLEGE PURPOSE: CONTRIBUTIONS TO COLLEGE DEPARTMENT | $63,971 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Tahoe Community College Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: EDUCATIONAL | $3,000 |
Endowment Analysis
| Beg. Balance | $3,622,864 |
| Earnings | -$347,008 |
| Admin Expense | $8,501 |
| Net Contributions | $383,020 |
| Other Expense | $477,695 |
| Ending Balance | $3,172,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |