Pima Community College Foundation Inc
- Assets
- $13.3m
- Revenue
- $5.2m
- Investments
- $254.4k
- Employees
- 3
- Location
- Tucson, AZ
- Founding
- 03/1981
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Pima Community College Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $968.0k during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
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, 2021, THE FOUNDATION CELEBRATED THE FOLLOWING ACHIEVEMENTS:#1: DISBURSED 186 INDIVIDUAL SCHOLARSHIPS VALUED AT $159,267 TO PCC
STUDENTS.#2: PROVIDED $135,516 IN PROGRAMMATIC SUPPORT (INCLUDING TO ATHLETICS, ACADEMIC DEPARTMENTS, STUDENT EMERGENCIES, AZTEC RESOURCE CENTER - FOOD PANTRY, AMOUNT OTHERS).#3: SECURED $2.5M INVESTMENT SUPPORTING EQUIPMENT PURCHASES, EXPANDED CURRICULUM OFFERINGS AND FACULTY CHAIR POSITIONS IN APPLIED TECHNOLOGY DIVISION, SPECIFICALLY FOR ADVANCED MANUFACTURING AND AVIATION TECHNOLOGY DEPARTMENTS.
#4: ENTERED A FOUR-YEAR PARTNERSHIP WITH BANK OF AMERICA TO HELP CREATE JOBS FOR INCUMBENT WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Euler Med Cfre Ex-Officio Director | Officer | 40 | $139,808 |
Brian Hannley Chair | OfficerTrustee | 1 | $0 |
Monica Barcelo Treasurer | OfficerTrustee | 1 | $0 |
Paula Van Ness Secretary | OfficerTrustee | 1 | $0 |
Mathew Thrower Chair Elect | OfficerTrustee | 1 | $0 |
Melvin Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,158,512 |
| Noncash contributions included in lines 1a–1f | $16,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,220,291 |
| Total Program Service Revenue | $544,053 |
| Investment income | $238,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,594 |
| Net Income from Fundraising Events | -$1,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,185,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,446 |
| 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. | $139,808 |
| Compensation of current officers, directors, key employees. | $41,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,560 |
| Fees for services: Accounting | $99,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,200 |
| Fees for services: Investment Management | $65,694 |
| Fees for services: Other | $65,061 |
| Advertising and promotion | $42,786 |
| Office expenses | $13,232 |
| Information technology | $37,567 |
| Royalties | $0 |
| Occupancy | $5,183 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,259 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,160 |
| Insurance | $3,273 |
| All other expenses | $0 |
| Total functional expenses | $968,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,121 |
| Savings and temporary cash investments | $57,760 |
| Pledges and grants receivable | $503,630 |
| 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 | $35,855 |
| Net Land, buildings, and equipment | $6,434 |
| Investments—publicly traded securities | $12,232,564 |
| Investments—other securities | $254,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,259,798 |
| Accounts payable and accrued expenses | $65,662 |
| Grants payable | $0 |
| Deferred revenue | $367,755 |
| 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 | $433,417 |
| Net assets without donor restrictions | $763,033 |
| Net assets with donor restrictions | $12,063,348 |
| 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 | $13,259,798 |
Grants Awarded
Over the last fiscal year, Pima Community College Foundation Inc has awarded $577,428 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PIMA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP AWARDS/MATCHES FOR STUDENTS. | $286,214 |
PIMA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP AWARDS/MATCHES FOR STUDENTS. | $286,214 |
Tucson, AZ PURPOSE: GENERAL PURPOSE | $2,500 |
Tucson, AZ PURPOSE: GENERAL PURPOSE | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pima Community College Foundation Inc has recieved totaling $287,784.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250,000 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ PURPOSE: GENERAL USE | $14,139 |
Support Education And Employment For Vets Scottsdale, AZ PURPOSE: SCHOLARSHIP | $12,000 |
Seabury Foundation Chicago, IL PURPOSE: GENERAL OPERATING | $6,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Endowment Analysis
| Beg. Balance | $6,176,795 |
| Earnings | $1,254,040 |
| Net Contributions | $115,305 |
| Other Expense | -$34,909 |
| Ending Balance | $7,581,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |