College First Foundation
- Assets
- $0.0
- Revenue
- $163.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 04/1997
- Data as of
- 12/2020
- EIN
- 75-2638941
Organization Overview
College First Foundation is located in Irving, TX. The organization was established in 1997. 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. College First 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 12/2020, College First Foundation generated $163.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $759.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, College First Foundation has awarded 27 individual grants totaling $753,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Anne King Jensen V. P./dir. | 1 | $0 | |
Jeffrey Jensen Pres./dir. | 1 | $0 | |
Janet Jensen Sec/treas/dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,279 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $122,681 |
| Capital Gain Net Income | $122,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,202 |
| Total operating and administrative expenses | $6,459 |
| Contributions, gifts, grants paid | $753,000 |
| Total expenses and disbursements | $759,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, College First Foundation has awarded $753,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL COLLEGE PURPOSE: GENERAL FUND | $482,000 |
UNIVERSITY OF NEW HAVEN PURPOSE: GENERAL FUND | $241,000 |
GRANT BELL PURPOSE: SCHOLARSHIPS | $2,000 |
ALLI PERKINS PURPOSE: SCHOLARSHIPS | $2,000 |
ISAAC LETCHER PURPOSE: SCHOLARSHIPS | $2,000 |
JOYCE A RENAULD PURPOSE: SCHOLARSHIPS | $2,000 |