National College Resources Foundation
- Assets
- $1.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 152
- Location
- Walnut, CA
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 86-1120719
Organization Overview
National College Resources Foundation is located in Walnut, CA. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, National College Resources Foundation employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National College Resources 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 12/2022, National College Resources Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. While expenses have increased by 13.7% 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
PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Price Vice President | OfficerTrustee | 40 | $69,051 |
Theresa Price CEO | Officer | 40 | $161,592 |
Ryan Anderson VP Comerica Bank | Trustee | 1 | $0 |
Veronica Kummerfeldt CEO Aaanimo Llc | Trustee | 1 | $0 |
Carmelo Markray CEO Own My Own Inc | Trustee | 1 | $0 |
Chase Price Firefighter/former Pro Athlete | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,217 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,818 |
| Total Program Service Revenue | $5,601,887 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,299,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,391 |
| Grants and other assistance to domestic individuals. | $212,654 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,643 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,138,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,670 |
| Payroll taxes | $198,123 |
| Fees for services: Management | $997,438 |
| Fees for services: Legal | $12,455 |
| Fees for services: Accounting | $95,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $198,116 |
| Office expenses | $149,880 |
| Information technology | $20,324 |
| Royalties | $0 |
| Occupancy | $115,372 |
| Travel | $637,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $405,519 |
| Interest | $12,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,290 |
| Insurance | $23,978 |
| All other expenses | $303,310 |
| Total functional expenses | $5,850,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $480,495 |
| 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 | $322,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,798 |
| Total assets | $1,902,342 |
| Accounts payable and accrued expenses | $283,244 |
| Grants payable | $0 |
| 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 | $575,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $859,086 |
| Net assets without donor restrictions | $1,043,256 |
| Net assets with donor restrictions | $0 |
| 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 | $1,902,342 |