Klamath Community College Foundation
- Assets
- $1.2m
- Revenue
- $445.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Klamath Falls, OR
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 93-1228170
Organization Overview
Klamath Community College Foundation is located in Klamath Falls, OR. The organization was established in 1997. 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. Klamath 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, Klamath Community College Foundation generated $445.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $368.8k during the year ending 06/2021. While expenses have increased by 18.2% 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
KCC FOUNDATION IS A PUBLIC ORGANIZATION OPERATED FOR THE LIMITED PURPOSE OF FINANCIALLY AND OTHERWISE SUPPORTING THE MISSION OF KLAMATH COMMUNITY COLLEGE DISTRICT, A POLITICAL SUBDIVISION OF THE STATE OF OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO 210 STUDENTS OF KLAMATH COMMUNITY COLLEGE BASED ON NEED AND DONOR SPECIFIED REQUIREMENTS, ENABLING RECIPIENTS TO WORK TOWARDS THEIR EDUCATIONAL GOALS.
TRANSFERRED $73,866 TO KLAMATH COMMUNITY COLLEGE TO FUND PERSONNEL ASSOCIATED WITH THE COLLEGE'S SMALL BUSINESS DEVELOPMENT CENTER. THIS CENTER PARTNERS WITH LOCAL ENTREPRENEURS ATTEMPTING TO ESTABLISH NEW LOCAL BUSINESSES BY ASSISTING THEM WITH FINANCIAL PLANNING AND OTHER BUSINESS SKILLS.
TRANSFERRED $65,170 IN VEHICLES AND OTHER EDUCATIONAL EQUIPMENT TO KLAMATH COMMUNITY COLLEGE (PARTICULARLY A FIRE TRUCK AND FIRE EQUIPMENT FOR OUR EMERGENCY RESPONSE OPERATIONS PROGRAM).
PROVIDED $49,892 IN STUDENT TRAVEL AND SUPPORT. $175 IN MISCELLANEOUS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Tippin Chairman | Officer | 4 | $0 |
Judy Henn Vice Chair | Officer | 2 | $0 |
Dawna Oksen Treasurer | Officer | 3 | $0 |
Dr F Scott Powell Board Member | Officer | 1 | $0 |
Dr Edward Mcclure Board Member | Officer | 1 | $0 |
Willie Riggs Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,156 |
| Related organizations | $0 |
| Government grants | $258,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,821 |
| Noncash contributions included in lines 1a–1f | $65,170 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,497 |
| Total Program Service Revenue | $0 |
| Investment income | $9,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $379 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,170 |
| Grants and other assistance to domestic individuals. | $157,252 |
| 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 | $5,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,953 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,210 |
| Office expenses | $4,871 |
| Information technology | $20,649 |
| Royalties | $0 |
| Occupancy | $7,080 |
| Travel | $1,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84 |
| Interest | $0 |
| Payments to affiliates | $73,866 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,054 |
| All other expenses | $0 |
| Total functional expenses | $368,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,005,030 |
| Savings and temporary cash investments | $2,484 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $190,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,198,036 |
| Accounts payable and accrued expenses | $259,631 |
| 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 | $0 |
| Total liabilities | $259,631 |
| Net assets without donor restrictions | $20,971 |
| Net assets with donor restrictions | $917,434 |
| 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 | $1,198,036 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Klamath Community College Foundation has recieved totaling $466,386.
| Awarding Organization | Amount |
|---|---|
Klamath County Economic Development Association Klamath Falls, OR PURPOSE: EDUCATION | $270,000 |
Wendt Family Foundation Klamath Falls, OR PURPOSE: OPERATIONS | $85,000 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR PURPOSE: REGIONAL CTE PROGRAM - KLAMATH COMMUNITY COLLEGE, 2021-2022 | $30,000 |
Ford Family Foundation Roseburg, OR PURPOSE: GRO- GROWING RURAL OREGON | $30,000 |
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $27,288 |
Oregon Community Foundation Portland, OR PURPOSE: Economic Development | $10,000 |
Endowment Analysis
| Beg. Balance | $800,093 |
| Earnings | $51,419 |
| Admin Expense | $45,714 |
| Net Contributions | $332,230 |
| Other Expense | $120,934 |
| Grants | $99,660 |
| Ending Balance | $917,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Catholic Conference Rancho Palos Verdes, CA | $30,642,938 | $23,775,828 |
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 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
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 |