Truckee Meadows Community College Foundation
- Assets
- $4.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 03/1984
- Data as of
- 06/2021
- EIN
- 88-0185319
Organization Overview
Truckee Meadows Community College Foundation is located in Reno, NV. The organization was established in 1984. 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. Truckee Meadows Community 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 06/2021, Truckee Meadows Community College Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Truckee Meadows Community College Foundation has awarded 18 individual grants totaling $27,419,730. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS TMCC BY CULTIVATING RELATIONSHIPS WITH ALUMNI, DONORS, AND BUSINESSES TO GENERATE FINANCIAL SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS, BUILD SUSTAINING ENDOWMENT FUNDS, AND LEAD CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SUPPORT TO TMCC FOR SPECIALIZED PROGRAMS AND CAPITAL CAMPAIGNS TO SUPPORT A DIVERSIFIED CURRICULUM AND PROVIDE STUDENTS WITH TECHNICAL CERTIFICATIONS TO IMPROVE ACCESS TO EMPLOYMENT. MAJOR PROGRAM ACCOMPLISHMENTS DURING THE YEAR INCLUDE EXPANSIONS OF THE VETERINARY TECHNICIAN PROGRAMS, NURSING AND EMERGENCY MEDICAL SERVICES PROGRAMS, HIGH SCHOOL DUAL CREDIT PROGRAMS THAT INCLUDE ACE HIGH SCHOOL STUDENTS, ENHANCEMENTS TO THE NEW SPORTS AND FITNESS CENTER INCLUDING THE NAMING OF JOES GYM, AND MAJOR RENOVATIONS AND EXPANSIONS FOR THE CERTIFIED NURSING ASSISTANT AND DENTAL PROGRAMS.
THE FOUNDATION INCREASED THE ENDOWMENT FUNDS THAT PROVIDE ON-GOING SUPPORT FOR SCHOLARSHIPS AND FUNDED 862 SCHOLARSHIPS AWARDED TO 679 STUDENTS FOR THE 2020/2021 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Murray Chair | OfficerTrustee | 3 | $0 |
Yanus Nelson Treasurer | OfficerTrustee | 3 | $0 |
Mindy Lokshin Vice Chair | OfficerTrustee | 3 | $0 |
Gretchen Sawyer Executive Director | Officer | 20 | $0 |
Alan Olive Board Member | Trustee | 2 | $0 |
Cary Groth Board Member | Trustee | 2 | $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 | $3,100,518 |
| Noncash contributions included in lines 1a–1f | $45,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,100,518 |
| Total Program Service Revenue | $0 |
| Investment income | $18,919 |
| 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 | $3,119,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,023,879 |
| 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. | $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 | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,332 |
| Information technology | $32,776 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $35,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,134,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,310 |
| Savings and temporary cash investments | $2,189,446 |
| Pledges and grants receivable | $67,387 |
| Accounts receivable, net | $30,008 |
| 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 | $683,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,963 |
| Total assets | $4,471,323 |
| Accounts payable and accrued expenses | $159,603 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,963 |
| Total liabilities | $178,566 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $596,209 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,696,548 |
| Total liabilities and net assets/fund balances | $4,471,323 |
Grants Awarded
Over the last fiscal year, Truckee Meadows Community College Foundation has awarded $2,023,879 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Reno, NV PURPOSE: Specialized programs and faculty grants | $1,035,071 |
Reno, NV PURPOSE: Scholarships and endowments | $988,808 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Truckee Meadows Community College Foundation has recieved totaling $395,390.
| Awarding Organization | Amount |
|---|---|
Windsong Tr Manhattan Beach, CA PURPOSE: EDUCATIONAL PROGRAM SUPPORT FOR K-12 STUDENTS | $250,000 |
Community Foundation Of Western Nevada Reno, NV PURPOSE: 1971 Society | $59,871 |
Educational Ventures Inc Princeton, NJ PURPOSE: GENERAL SUPPORT | $30,000 |
Support Education And Employment For Vets Scottsdale, AZ PURPOSE: SCHOLARSHIP | $20,250 |
Catholic Charities Of Northern Nevada Reno, NV PURPOSE: Immigration Case Work | $11,769 |
Bretzlaff Foundation Inc Reno, NV PURPOSE: SCHOLARSHIPS | $10,000 |
Endowment Analysis
| Beg. Balance | $578,339 |
| Earnings | $110,115 |
| Ending Balance | $688,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
United States Catholic Conference Rosemead, CA | $14,719,601 | $8,362,126 |
Santa Rosa Junior College Foundation Santa Rosa, CA | $83,645,868 | $13,273,412 |
Community College League Of California Sacramento, CA | $16,797,300 | $8,884,126 |
School Of Urban Missions El Dorado Hills, CA | $18,208,954 | $5,296,845 |
Hartnell College Foundation Salinas, CA | $52,076,041 | $13,024,147 |
Salt Lake Community College Foundation Salt Lake Cty, UT | $24,286,482 | $7,299,896 |
Kern Community College District Public Facilities Corporation Bakersfield, CA | $1 | $2,592,853 |
Lane Community College Foundation Eugene, OR | $21,564,945 | $4,092,678 |
Truckee Meadows Community College Foundation Reno, NV | $4,471,323 | $3,119,437 |
Foundation Of City College Of San Francisco San Francisco, CA | $28,769,668 | $3,725,896 |