Tillamook Bay Community College Foundation Inc
- Assets
- $1.3m
- Revenue
- $660.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tillamook, OR
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 93-1232961
Organization Overview
Tillamook Bay Community College Foundation Inc is located in Tillamook, OR. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Tillamook Bay 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, Tillamook Bay Community College Foundation Inc generated $660.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $434.0k during the year ending 06/2021. 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
TO INCREASE AWARENESS AND THE LEVEL OF FINANCIAL RESOURCES AVAILABLE TO TILLAMOOK BAY COMMUNITY COLLEGE TO PROVIDE QUALITY EDUCATION AND BRIDGES OF OPPORTUNITY IN SERVING STUDENTS AND THE DIVERSE EDUCATIONAL NEEDS OF THE COLLEGE AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CORPORATION IS TO RAISE AND MANAGE FUNDS FOR THE BENEFIT OF TILLAMOOK BAY COMMUNITY COLLEGE AND ITS STUDENTS, FACULTY, AND COMMUNITY, AND FOR ADVOCATING AND PROMOTING THE INTERESTS AND DEVELOPMENT OF THE COLLEGE.
IN 2015, TBCC FOUNDATION ENTERED INTO A CAPITAL CAMPAIGN TO RAISE FUNDS IN SUPPORT OF A CAPITAL CONSTRUCTION PROJECT FOR TILLAMOOK BAY COMMUNITY COLLEGE. THERE WERE PLEDGES RECEIVED IN THE CURRENT YEAR THAT WERE TRANSMITTED TO THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Weissenfluh President/director | OfficerTrustee | 1 | $0 |
Chuck Bridge Vice President/directos | OfficerTrustee | 1 | $0 |
Kathy Shaw Secretary/director | OfficerTrustee | 1 | $0 |
Marilyn Phegley Treasurer/director | OfficerTrustee | 1 | $0 |
Ross Tomlin Ex Officio | Officer | 0.5 | $0 |
Britta Lawrence Ex Officio | Officer | 0.5 | $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 | $430,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,074 |
| Total Program Service Revenue | $0 |
| Investment income | $229,959 |
| 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 | $660,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $417,215 |
| 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 | $0 |
| 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 | $16,740 |
| Information technology | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $433,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,570 |
| Pledges and grants receivable | $147,963 |
| 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 | $1,500 |
| Investments—publicly traded securities | $866,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,278,974 |
| Accounts payable and accrued expenses | $45 |
| 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 | $45 |
| Net assets without donor restrictions | $1,278,929 |
| 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 | $1,278,974 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Tillamook Bay Community College Foundation Inc has recieved totaling $139,257.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $61,105 |
Robert Riggert Family Foundation Tillamook, OR PURPOSE: SUPPORT SCHOLARSHIP PROGRAM. | $25,000 |
Mario & Alma Pastega Family Foundation Corvallis, OR PURPOSE: SCHOLARSHIPS | $20,000 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR PURPOSE: REGIONAL CTE PROGRAM - TILLAMOOK BAY COMMUNITY COLLEGE, 2021-2022 | $15,000 |
Floyd And Elizabeth Culver Memorial College Scholarship Fund Milwaukee, WI PURPOSE: SCHOLARSHIP | $8,000 |
Olive Bridge Fund Inc New York, NY PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $5,000 |
Endowment Analysis
| Beg. Balance | $594,372 |
| Earnings | $250,051 |
| Net Contributions | $47,007 |
| Grants | $24,489 |
| Ending Balance | $866,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |