Pima Community College Foundation Inc
- Assets
- $13.0m
- Revenue
- $3.5m
- Investments
- $196.7k
- Employees
- 3
- Location
- Tucson, AZ
- Founding
- 03/1981
- Data as of
- 06/2022
- EIN
- 86-0345089
Organization Overview
Pima Community College Foundation Inc is located in Tucson, AZ. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Pima Community College Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pima Community College Foundation Inc 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, Pima Community College Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 15.0% 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
PIMA FOUNDATION CHAMPIONS PIMA COMMUNITY COLLEGE BY INITIATING AND CULTIVATING RELATIONSHIPS THAT CONTRIBUTE TO THE SUCCESS OF THE COLLEGE AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1977, THE PIMA COMMUNITY COLLEGE FOUNDATION HAS ASSISTED PIMA COMMUNITY COLLEGE IN RESPONDING TO THE DIVERSE NEEDS OF THE PEOPLE OF PIMA COUNTY, ARIZONA. PHILANTHROPIC CONTRIBUTIONS SECURED BY THE FOUNDATION FOR THE BENEFIT OF THE COLLEGE SUPPORT STUDENT SCHOLARSHIPS, PROGRAM ENHANCEMENTS AND CAPITAL IMPROVEMENTS, WHICH IN TURN MAXIMIZE THE COLLEGE'S POTENTIAL FOR PROVIDING ACCESS, SUCCESS AND EXCELLENCE IN THE EDUCATIONAL, SOCIAL, AND CULTURAL DEVELOPMENT OF OUR CITIZENS. DURING THE YEAR ENDED JUNE 30, 2022, THE FOUNDATION CELEBRATED THE FOLLOWING ACHIEVEMENTS: 1: ENTERED A THREE YEAR CHALLENGE WITH THE CONNIE HILLMAN FOUNDATION WITH A 1:2 MATCH. FOR EVERY 1 IN NEW OR INCREASED GIFTS, 0.50 WILL BE AWARDED, UP TO 5M. 2: INITIATED DONOR COMMUNICATION TO ENGAGE DONORS IN UNDERSTANDING HOW FUNDS ARE INVESTED AND PROVIDE TRANSPARENCY REGARDING POLICIES. COMMUNICATION RELATED TO ENDOWED FUNDS ARE MAILED ON A QUARTERLY BASIS; SCHOLARSHIP INFORMATION IS SENT EACH SEMESTER IDENTIFYING THOSE WHO RECEIVED FUNDS FORM VARIOUS SCHOLARSHIPS. A 'DONOR INVESTMENT GUIDE' IS UPDATED QUARTERLY AND AVAILABLE ON PIMA FOUNDATION'S WEBSITE. WE HELD A LUNCHEON FOR CURRENT OR POTENTIAL DONORS TO REVIEW OUR PORTFOLIO MANAGEMENT PROCESS AND ADDRESS QUESTIONS RELATED TO HOW OUR INVESTMENTS ARE MANAGED AND WE INTEND FOR THIS TO BE AN ANNUAL EVENT MOVING FORWARD. 3: CONSOLIDATED FINANCE AND INVESTMENT COMMITTEES INTO ONE COMMITTEE TO BROADEN UNDERSTANDING OF THE ROLE INVESTMENTS PLAY IN MANAGING THE FOUNDATION'S FUNDS. WITH 90+% OF THE ASSETS IN TEMPORARILY OR PERMANENTLY RESTRICTED FUNDS, IT IS IMPERATIVE BOARD MEMBERS, AND THE PUBLIC, UNDERSTAND HOW AND WHERE MONEY SITS, WHAT IS AVAILABLE FOR USE AND THAT DONOR INSTRUCTIONS DICTATE EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Euler Med Cfre President | Officer | 40 | $125,000 |
Melvin Cohen Director | Trustee | 1 | $0 |
Susan Dumon Director | Trustee | 1 | $0 |
Isaac Figueroa Director | Trustee | 1 | $0 |
Bryan Hannley Chair | OfficerTrustee | 1 | $0 |
Paula Register Hecht Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,484 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,509,255 |
| Noncash contributions included in lines 1a–1f | $148,492 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,593,739 |
| Total Program Service Revenue | $586,497 |
| Investment income | $314,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,372 |
| Net Income from Fundraising Events | -$112,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,484,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $506,397 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $37,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $910 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $86,400 |
| Fees for services: Investment Management | $78,380 |
| Fees for services: Other | $103,751 |
| Advertising and promotion | $11,295 |
| Office expenses | $2,690 |
| Information technology | $43,293 |
| Royalties | $0 |
| Occupancy | $7,923 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,853 |
| Insurance | $2,056 |
| All other expenses | $1,452 |
| Total functional expenses | $2,104,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,076 |
| Savings and temporary cash investments | $724,419 |
| Pledges and grants receivable | $250,000 |
| 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 | $45,189 |
| Net Land, buildings, and equipment | $2,581 |
| Investments—publicly traded securities | $11,653,927 |
| Investments—other securities | $196,682 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,993,874 |
| Accounts payable and accrued expenses | $58,040 |
| Grants payable | $0 |
| Deferred revenue | $546,422 |
| 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 | $604,462 |
| Net assets without donor restrictions | $1,464,618 |
| Net assets with donor restrictions | $10,924,794 |
| 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 | $12,993,874 |
Grants Awarded
Over the last fiscal year, Pima Community College Foundation Inc has awarded $288,714 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA PURPOSE: GENERAL PURPOSE | $2,500 |
PIMA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP AWARDS/MATCHES FOR STUDENTS. | $286,214 |