Southwestern Oregon Community College Foundation Inc
- Assets
- $5.4m
- Revenue
- $810.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Coos Bay, OR
- Founding
- 11/1963
- Data as of
- 06/2022
- EIN
- 93-6031563
Organization Overview
Southwestern Oregon Community College Foundation Inc is located in Coos Bay, OR. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Southwestern Oregon 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 06/2022, Southwestern Oregon Community College Foundation Inc generated $810.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $505.3k during the year ending 06/2022. While expenses have increased by 0.2% 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
TO AID THE EDUCATIONAL NEEDS OF THE SOUTHWESTERN OREGON COMMUNITY COLLEGE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ACADEMIC PROGRAM SUPPORT - THE FOUNDATION'S SUPPORT OF THE COLLEGE, INCLUDES BUT IS NOT LIMITED TO, RECEIVING, INVESTING AND ADMINISTERING THE FUNDS OF, OR FUNDS HELD FOR THE BENEFIT OF, THE COLLEGE. THE FOUNDATION UNDERTAKES SPECIAL PROJECTS TO SUPPORT INNOVATION IN AND CREATION OF COLLEGE PROGRAMS AND CAPITAL PROJECTS. THIS INCLUDES A FUNDRAISING PARTNERSHIP WITH GRANTORS AND PRIVATE DONORS TO FURNISH NEW SCIENCE LABS AND THE CULINARY SCHOOL WITH EQUIPMENT.
SCHOLARSHIPS - THE FOUNDATION AWARDED $235,071 IN SCHOLARSHIPS DURING 2021-22, ASSISTING 126 STUDENTS WITH TUITION, FEES, BOOKS, LIVING EXPENSES AND OTHER EDUCATIONAL EXPENSES. THE FOUNDATION ALSO PROVIDED GED/TRANSITIONAL EDUCATION SCHOLARSHIPS TO 57 STUDENTS PREPARING TO ENTER COLLEGE AND PURSUE CAREER TRAINING. THE FOUNDATION AWARDED 29 SCHOLARSHIPS TO STUDENTS EXPERIENCING TEMPORARY FINANCIAL EMERGENCIES TO ENSURE THEY WERE ABLE TO COMPLETE THEIR TERMS OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Hamner Executive Director | Officer | 20 | $43,059 |
Judy Ann Mogan Chair | OfficerTrustee | 2 | $0 |
Carolyn Thompson Vice Chair | OfficerTrustee | 2 | $0 |
Donna Nichols Treasurer | OfficerTrustee | 2 | $0 |
Dr Patti Gates Od Secretary | OfficerTrustee | 2 | $0 |
Carma Erickson Hurt Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $890 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $632,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,648 |
| Total Program Service Revenue | $0 |
| Investment income | $176,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,798 |
| Grants and other assistance to domestic individuals. | $235,071 |
| 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 | $33,630 |
| Pension plan accruals and contributions | $7,674 |
| Other employee benefits | $0 |
| Payroll taxes | $2,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,861 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,585 |
| Office expenses | $8,302 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $221 |
| 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 | $2,276 |
| All other expenses | $0 |
| Total functional expenses | $505,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,324 |
| Savings and temporary cash investments | $0 |
| 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 | $5,263,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,350 |
| Total assets | $5,443,105 |
| Accounts payable and accrued expenses | $73,519 |
| 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 | $73,519 |
| Net assets without donor restrictions | $1,938,151 |
| Net assets with donor restrictions | $3,431,435 |
| 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 | $5,443,105 |
Grants Awarded
Over the last fiscal year, Southwestern Oregon Community College Foundation Inc has awarded $128,798 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN OREGON COMMUNITY COLLEGE PURPOSE: FOR THE HEALTH & SCIENCE TECHNOLOGY BUILDING/EQUIPMENT | $88,475 |
SOUTHWESTERN OREGON COMMUNITY COLLEGE PURPOSE: PROGRAM AND OPERATING SUPPORT | $40,323 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Southwestern Oregon Community College Foundation Inc has recieved totaling $270,186.
| Awarding Organization | Amount |
|---|---|
Judith Ann Mogan Foundation Coos Bay, OR PURPOSE: FORESTRY & FIRE SCIENCE FACULTY POSITION | $92,500 |
Judith Ann Mogan Foundation Coos Bay, OR PURPOSE: FORESTRY & FIRE SCIENCE FACULTY POSITION | $92,500 |
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $72,200 |
Ford Family Foundation Roseburg, OR PURPOSE: TRIO TS/UB SUMMER ACADEMY | $10,000 |
Judith Ann Mogan Foundation Coos Bay, OR PURPOSE: DONATION MATCH - SCHOLARSHIP | $2,000 |
Rio Vista Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $4,449,752 |
| Earnings | -$661,917 |
| Admin Expense | $21,632 |
| Net Contributions | $350,736 |
| Grants | $92,360 |
| Ending Balance | $4,024,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
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 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |