Southwestern Oregon Community College Foundation Inc
- Assets
- $6.0m
- Revenue
- $655.2k
- Investments
- $714.1k
- Employees
- 0
- Location
- Coos Bay, OR
- Founding
- 11/1963
- Data as of
- 06/2023
- 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 06/2023, Southwestern Oregon Community College Foundation Inc generated $655.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $456.5k during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 4 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
2023
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 SOUTHWESTERN OREGON COMMUNITY COLLEGE INCLUDES, BUT IS NOT LIMITED TO, RECEIVING, INVESTING AND ADMINISTERING FUNDS HELD FOR THE BENEFIT OF THE COLLEGE AND ULTIMATELY, ITS STUDENTS. THE FOUNDATION UNDERTAKES SPECIAL PROJECTS TO SUPPORT INNOVATION AND INVESTMENST IN NEW PROGRAMS AND EQUIPMENT TO SUPPORT INSTRUCTION AND STUDENT SUCCESS. EFFORTS HAVE FOCUSED ON THE SCIENCES, NATURAL RESOURCES, HEALTH AND CULINARY PROGRAMS.
SCHOLARSHIPS - THE FOUNDATION AWARDED $293,929 IN SCHOLARSHIPS DURING 2022-23, ASSISTING 307 STUDENTS WITH TUITION, FEES, BOOKS, LIVING EXPENSES AND OTHER EDUCATIONAL EXPENSES. THIS INCLUDED THE FOUNDATION PROVIDING GED/TRANSITIONAL EDUCATION SCHOLARSHIPS TO STUDENTS PREPARING TO ENTER COLLEGE AND PURSUE CAREER TRAINING. THE FOUNDATION AWARDED 15 SCHOLARSHIPS TO STUDENTS EXPERIENCING TEMPORARY FINANCIAL EMERGENCIES TO ENSURE THEY WERE ABLE TO COMPLETE THEIR TERMS OF STUDY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Hamner Executive Director | Officer | 20 | $43,871 |
Carolyn Thompson Chair | OfficerTrustee | 2 | $0 |
Dr Patti Gates Od Vice Chair | OfficerTrustee | 2 | $0 |
Lamont Swinson Treasurer | OfficerTrustee | 2 | $0 |
Cap Sharples Secretary | OfficerTrustee | 2 | $0 |
Jackie Chambers Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,798 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,212 |
| Total Program Service Revenue | $0 |
| Investment income | $158,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,648 |
| Grants and other assistance to domestic individuals. | $293,929 |
| 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 | $34,304 |
| Pension plan accruals and contributions | $7,829 |
| Other employee benefits | $253 |
| Payroll taxes | $2,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,899 |
| Fees for services: Other | $0 |
| Advertising and promotion | $422 |
| Office expenses | $6,300 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $947 |
| 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 | $2,347 |
| All other expenses | $0 |
| Total functional expenses | $456,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,076 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,612 |
| 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 | $5,038,250 |
| Investments—other securities | $714,127 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,350 |
| Total assets | $5,978,415 |
| Accounts payable and accrued expenses | $76,510 |
| 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 | $76,510 |
| Net assets without donor restrictions | $2,321,968 |
| Net assets with donor restrictions | $3,579,937 |
| 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 | $5,978,415 |
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 |