Ohlone College Foundation
- Assets
- $6.9m
- Revenue
- $567.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 10/1991
- Data as of
- 06/2023
- EIN
- 77-0136497
Organization Overview
Ohlone College Foundation is located in Fremont, CA. The organization was established in 1991. 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. Ohlone 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 06/2023, Ohlone College Foundation generated $567.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $887.5k during the year ending 06/2023. While expenses have increased by 13.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT AND EDUCATIONAL OPPORTUNITIES FOR THE OHLONE COMMUNITY COLLEGE DISTRICT THROUGH SCHOLARSHIPS, FACULTY GRANTS AND COLLEGE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER $310,000 AWARDED TO STUDENTS THROUGH SCHOLARSHIPS AND GRANTS.
OVER $840,000 DISTRIBUTED TO OHLONE COLLEGE TO SUPPORT ACADEMIC PROGRAMS, PROFESSIONAL DEVELOPMENT, AND FACILITIES AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Zhu Chair | OfficerTrustee | 1 | $0 |
Jennifer Toy Harrison Vice Chair | OfficerTrustee | 1 | $0 |
Jim Wright PHD Finance Chair | OfficerTrustee | 1 | $0 |
Brad Hatton Edd Secretary | OfficerTrustee | 1 | $0 |
Desire Campbell Treasurer | OfficerTrustee | 1 | $0 |
Louis Willett Legal Counsel | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $432,785 |
| Noncash contributions included in lines 1a–1f | $25,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,710 |
| Total Program Service Revenue | $0 |
| Investment income | $146,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,568 |
| Net Income from Fundraising Events | -$61,251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $439,546 |
| Grants and other assistance to domestic individuals. | $149,785 |
| 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 | $12,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,215 |
| Fees for services: Other | $129,419 |
| Advertising and promotion | $540 |
| Office expenses | $4,198 |
| Information technology | $9,733 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,079 |
| 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 | $0 |
| Total functional expenses | $887,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,600 |
| Accounts receivable, net | $2,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,634,703 |
| Intangible assets | $0 |
| Other assets | $627,351 |
| Total assets | $6,870,449 |
| Accounts payable and accrued expenses | $14,450 |
| Grants payable | $172,650 |
| 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 | $386,618 |
| Total liabilities | $573,718 |
| Net assets without donor restrictions | $25,745 |
| Net assets with donor restrictions | $6,270,986 |
| 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 | $6,870,449 |