Las Positas College Foundation is located in Livermore, CA. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Las Positas 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, Las Positas College Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $816.0k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 ORGANIZATION IS TO SUPPORT AND ADVANCE THE COLLEGE AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION BELIEVES THAT AFFORDABLE, HIGH-QUALITY EDUCATION IS CRITICAL TO THE SUCCESS OF THE TRI-VALLEY; IT ALSO REALIZES THAT SUCH EDUCATION IS NOT GUARANTEED THROUGH TRADITIONAL, STATE FUNDING. ACCORDINGLY, THE MEMBERS OF THE BOARD ARE DEDICATED TO PURSUING ALTERNATIVE SUPPORT FOR THE COLLEGE THROUGH GRANTS, DIRECT INVESTMENTS, AND IN-KIND GIFTS FROM LOCAL BUSINESSES, INDUSTRIES AND INDIVIDUALS.THE BASIC COST OF A CALIFORNIA COMMUNITY COLLEGE EDUCATION IS A REMARKABLE BARGAIN FOR STUDENTS WISHING TO PREPARE FOR TRANSFER TO A FOUR-YEAR INSTITUTION OR FOR THOSE WHO WANT CAREER TECHNICAL INSTRUCTION. CLASS FEES FOR RESIDENTS ARE JUST $46 PER CREDIT. IN ACTUALITY, HOWEVER, THE TRUE ACTUAL AND EMOTIONAL COSTS OF HIGHER EDUCATION MUST ALSO INCLUDE CHILD CARE, TRANSPORTATION, AND LOST WORK AND FAMILY TIME. FAR AND AWAY THE MOST EASILY QUANTIFIED ADDITIONAL COSTS ARE FOR SUPPLIES, PRINCIPALLY TEXTBOOKS. A SINGLE TEXT OFTEN COSTS IN EXCESS OF $100 AND CAN EXCEED $400. SADLY, THESE "EXTRA" COSTS CAN FORCE SOME STUDENTS TO ATTEMPT TO TAKE CLASSES WITHOUT A TEXTBOOK OR, WORSE, DROP OUT OF COLLEGE. MAKING SCHOLARSHIPS AVAILABLE TO LAS POSITAS COLLEGE STUDENTS IS CRITICAL TO THEIR SUCCESS. EACH YEAR THE LAS POSITAS COLLEGE FOUNDATION MAKES GRANTS AVAILABLE TO STUDENTS BASED ON NEED AND/OR ACADEMIC ACHIEVEMENT. SCHOLARSHIPS ARE MOST OFTEN OFFERED TO ANY STUDENT WHO QUALIFIES BUT SOME ARE FOCUSED ON SPECIAL TYPES OF STUDENTS. THIS INCLUDES RE-ENTRY, FIRST GENERATION, STEM AND VETERAN COHORT GROUPS.BEYOND DIRECT AID TO STUDENTS IN THE FORM OF SCHOLARSHIPS, THE LAS POSITAS COLLEGE FOUNDATION SUPPORTS A BROAD ARRAY OF PROGRAMS THAT ENHANCE THE LEARNING AND COLLEGIATE EXPERIENCE OF ITS STUDENTS AND ABILITY OF ITS FACULTY TO BE MORE EFFECTIVE. EXAMPLES OF THESE OTHER TYPES OF SUPPORT ARE:LITERARY AND PERFORMING ARTS:-LPC EXPRESS STUDENT NEWSPAPER -CAMPUS AND COMMUNITY FOCUSED LITERARY MAGAZINE, ANTHOLOGY AND NAKED MAGAZINE-LITERARY ARTS FESTIVAL-LAS PO FILM FESTIVAL-THEATER PERFORMANCES OF DRAMA, DANCE AND MUSIC -BLACK HISTORY MONTH PROGRAMMING AND ACTIVITIES-AWARD WINNING SPEECH AND DEBATE TEAMATHLETICS:-AWARDED $10,000 IN SCHOLARSHIP AWARDS TO DESERVING MALE & FEMALE STUDENT ATHLETES ON LPC BASKETBALL TEAMS TEACHING AND LEARNING INITIATIVES:-STAFF DEVELOPMENT -FACULTY ENRICHED PROGRAMS -STUDENT GOVERNMENT TEXTBOOK LOANER PROGRAM-CONTINUED SUPPORT FOR MATH JAM, SANDIA SCIENCE BOWL, AND COLLABORATION WITH UMOJA AND PUENTE LEARNING COMMUNITIES.EMERGING SCIENCE PROGRAMS: -SANDIA SCIENCE BOWL -COLLABORATION WITH PUENTE PROGRAM STEM PROJECTS-LAWRENCE LIVERMORE NATIONAL LABORATORIES INTERNSHIP PROGRAM FOR LPC VETERAN STUDENTSSCHOLARSHIPS: ONE OF THE PRIMARY MISSIONS OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIPS. TO DATE ALMOST $2 MILLION HAS BEEN AWARDED TO DESERVING STUDENTS. THE LARGEST ENDOWED FUND IS COMPRISED OF THE MERTES SCHOLARSHIPS FOR PERFORMING ARTS, TRANSFER, ALLIED HEALTH AND ATHLETICS. PERFORMING ARTS: THE PERFORMING ARTS PROGRAM AND LAS POSITAS COLLEGE IS SUPPORTED BY THE FOUNDATION THROUGH CYCLE GRANTS AND SPECIAL FUNDRAISING, INCLUDING A DEDICATED CAMPAIGN FOR THE COLLEGE'S ALL STEINWAY DESIGNATION AND ASSISTANCE WITH A GALA FUNDRAISING EVENT. SCHOLARSHIPS ARE PROVIDED FOR PERFORMING ARTS STUDENTS CONTINUING THEIR STUDIES AT LPC OR TRANSFERRING TO A FOUR-YEAR COLLEGE. VETERAN STUDENT SUPPORT: THE FOUNDATION STRONGLY SUPPORTS VETERANS ENROLLED AT LPC. THE VETERANS RESOURCE CENTER PROVIDES WRAP-AROUND SERVICES SUCH AS TEXTBOOK AND LAPTOP PROGRAMS, TUTORING, SCHOLARSHIP ASSISTANCE, COUNSELING AND HELP WITH JOBS AND HOUSING. THE FOUNDATION ASSISTS WITH THE COORDINATION OF THE CYCLING 4 VETERANS EVENT, RAISING OVER $60,000 FOR CAMPUS AND COMMUNITY VETERAN SUPPORT PROGRAMS.TUTORING: THE AWARD-WINNING LPC MATH JAM PROGRAM HELPS STUDENTS REACH THEIR GOALS AND IS OFFERED AT NO COST. THE FOUNDATION ALSO SUPPORTS THE RAW CENTER, FOR STUDENT ASSISTANCE IN READING AND WRITING. TEXTBOOK ASSISTANCE: THE FOUNDATION SUPPORTS A FREE TEXTBOOK RENTAL PROGRAM TO HELP STUDENTS REDUCE THE COST OF COLLEGE ATTENDANCE. ATHLETICS: TWO SCHOLARSHIPS ARE DESIGNATED FOR MALE AND FEMALE STUDENTS IN THE BASKETBALL PROGRAM. THE FOUNDATION ALSO ASSISTS THE DEPARTMENT WITH FUNDRAISING INFRASTRUCTURE NEEDS.TEACHING AND LEARNING INITIATIVES: THE FOUNDATION PROVIDES FUNDING FOR INNOVATIVE TEACHING AND LEARNING PROJECTS TO THE FACULTY AND STAFF OF LAS POSITAS COLLEGE. THESE GRANTS PROVIDE SUPPORT FOR STUDENT SUCCESS, TEACHING AND LEARNING EFFECTIVENESS AND CAMPUS COMMUNITY DEVELOPMENT.DIVERSITY, INCLUSION AND ANTI-RACISM EFFORTS:THE FOUNDATION CONTINUES TO PARTNER WITH THE COLLEGE PRESIDENT'S OFFICE ON THE PRESIDENTS SPEAKER SERIES. IN 2022/23, THE SERIES SERVED AS AN INTEGRAL PART OF THE CAMPUS' STRATEGIC EFFORTS RELATED TO DIVERSITY, INCLUSION AND ANTI-RACISM AND CARING CAMPUS INITIATIVES. EMERGING SCIENCE PROGRAMS: THE FOUNDATION WORKS WITH THE COMMUNITY LABORATORIES TO ENHANCE SCIENCE EDUCATION THROUGH EVENTS SUCH AS THE SCIENCE AND ENGINEERING SEMINAR SERIES AND THE SANDIA SCIENCE BOWL FOR MIDDLE SCHOOL STUDENTS. SUPPORT FOR STUDENTS WITH CHILDREN: THE FOUNDATION PROVIDES SCHOLARSHIPS FOR CHILDREN OF LAS POSITAS COLLEGE STUDENTS TO ATTEND THE LPC EARLY CHILDHOOD DEVELOPMENT CENTER. PARENTS CAN REACH THEIR EDUCATIONAL GOALS KNOWING THEIR CHILDREN ARE IN A HIGH QUALITY PRESCHOOL PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Lanza Chair | OfficerTrustee | 2 | $0 |
Lori Souza Immediate Past Chair | OfficerTrustee | 2 | $0 |
Charles Crohare Treasurer | OfficerTrustee | 2 | $0 |
Dyrell Foster Secretary | OfficerTrustee | 2 | $0 |
Gavin Shea Officer | OfficerTrustee | 2 | $0 |
Lynn Seppala Director | Trustee | 1 | $0 |
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 | $400,029 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $400,029 |
Total Program Service Revenue | $0 |
Investment income | $207,912 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $522,559 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,130,500 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $478,490 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $39,864 |
Compensation of current officers, directors, key employees. | $11,959 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $55,170 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $42,686 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $40,893 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $21,415 |
Advertising and promotion | $16,231 |
Office expenses | $4,702 |
Information technology | $16,284 |
Royalties | $0 |
Occupancy | $1,247 |
Travel | $2,063 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,567 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $585 |
All other expenses | $0 |
Total functional expenses | $816,026 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $435,843 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $523 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $9,315,176 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,751,542 |
Accounts payable and accrued expenses | $57,154 |
Grants payable | $217,700 |
Deferred revenue | $0 |
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 | $274,854 |
Net assets without donor restrictions | $115,637 |
Net assets with donor restrictions | $9,361,051 |
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 | $9,751,542 |
Over the last fiscal year, Las Positas College Foundation has awarded $21,533 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
SENTINELS OF FREEDOM PURPOSE: Veterans' support | $7,178 |
BLUE STAR MOMS - DANVILLE PURPOSE: Veterans' support | $7,177 |
PLEASANTON MILITARY FAMILIES PURPOSE: Veterans' support | $7,178 |