Northeastern Junior College Foundation
- Assets
- $8.5m
- Revenue
- $855.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, CO
- Founding
- 05/1980
- Data as of
- 06/2022
- EIN
- 84-0804957
Organization Overview
Northeastern Junior College Foundation is located in Sterling, CO. The organization was established in 1980. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Northeastern Junior 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, Northeastern Junior College Foundation generated $855.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $439.8k 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
TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING NORTHEASTERN JUNIOR COLLEGE AND TO PROVIDE GRANTS TO NORTHEASTERN JUNIOR COLLEGE FACULTY AND STAFF FOR EDUCATION OR CAMPUS IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO APPROXIMATELY 102 STUDENTS ATTENDING NORTHEASTERN JUNIOR COLLEGE.
PROVIDED GRANTS TO NORTHEASTERN JUNIOR COLLEGE FACULTY AND STAFF, WITH GRANTS USED FOR EDUCATION OR IMPROVEMENTS TO THE COLLEGE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ej Wright Vice Preside | OfficerTrustee | 1 | $0 |
Jim Smith President | OfficerTrustee | 1 | $0 |
Jay Brammer Secretary | OfficerTrustee | 1 | $0 |
Carol Keil Treasurer | OfficerTrustee | 1 | $0 |
Vivian Hadley Executive Di | Officer | 40 | $0 |
Jamie Jo Aztell 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 | $622,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,563 |
| Total Program Service Revenue | $20,000 |
| Investment income | $167,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $323,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,948 |
| Compensation of current officers, directors, key employees. | $16,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,555 |
| 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 | $18,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,075 |
| Advertising and promotion | $16,079 |
| Office expenses | $2,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,690 |
| Conferences, conventions, and meetings | $1,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,552 |
| All other expenses | $360 |
| Total functional expenses | $439,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,275 |
| 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 | $7,193,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $589,700 |
| Total assets | $8,538,506 |
| Accounts payable and accrued expenses | $24,739 |
| Grants payable | $0 |
| Deferred revenue | $93,089 |
| 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 | $117,828 |
| Net assets without donor restrictions | $1,612,383 |
| Net assets with donor restrictions | $6,808,295 |
| 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 | $8,538,506 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Northeastern Junior College Foundation has recieved totaling $107,650.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $17,030 |
Daniels Fund Denver, CO PURPOSE: BOUNDLESS OPPORTUNITY | $15,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ECONOMIC SUSTAINABILITY GRANT | $15,000 |
Colorado Community College System Foundation Denver, CO PURPOSE: SCHOLARSHIPS | $13,918 |
Jack Petteys Memorial Foundation Brush, CO PURPOSE: SCHOLARSHIPS | $12,400 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: EARLY CHILDHOOD AND PARENTING COMPONENTS OF THE FAMILY LITERACY PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $2,315,026 |
| Earnings | $76,196 |
| Admin Expense | -$33,011 |
| Net Contributions | $85,791 |
| Other Expense | -$2,890 |
| Grants | -$66,550 |
| Ending Balance | $2,374,562 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navajo Technical College Crownpoint, NM | $112,611,300 | $47,666,957 |
Utah Valley University Foundation Inc Orem, UT | $142,004,586 | $26,803,994 |
Tohono O Odham Community College Sells, AZ | $29,097,807 | $15,651,906 |
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Salt Lake Community College Foundation Salt Lake Cty, UT | $24,286,482 | $7,299,896 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |