College Futures Foundation
- Assets
- $506.0m
- Revenue
- -$3.8m
- Investments
- $481.3m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 94-2618667
Organization Overview
College Futures Foundation is located in Oakland, CA. The organization was established in 1990. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Futures Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, College Futures Foundation has awarded 681 individual grants totaling $80,804,700. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO SUPPORT STRATEGIC COMMUNICATIONS, PROJECT MANAGEMENT, CONSULTING, RESEARCH AND ANALYSIS, EVALUATION, AND CONVENING EXPENSES TO FURTHER THE GOALS OF THE FINANCE & AFFORDABILITY STRATEGY.
TO SUPPORT RESEARCH, ANALYSIS, PROJECT MANAGEMENT, AND REPORT DEVELOPMENT AND DISSEMINATION TO FURTHER THE GOALS OF THE LEADERSHIP STRATEGY.
INTERNAL STAFF TIME DEDICATED TO SUPPORTING STRATEGIC COMMUNICATIONS ACTIVITIES UNDER THE FOUNDATION'S PUBLIC ENGAGEMENT AND INFLUENCE PLAN TO ADVANCE EQUITY IN B.A. COMPLETION AND SOCIOECONOMIC MOBILITY.
TO SUPPORT EVALUATION, CONSULTING, CONVENINGS, RESEARCH, LANDSCAPE ANALYSIS, AND REPORT DEVELOPMENT RELATED TO IMPLEMENTATION OF THE STUDENT-CENTRIC PRACTICES STRATEGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Donna Board Member, Chair | 3 | $30,000 | |
Avalos Arnoldo Board Member | 1.5 | $16,000 | |
Davis-Taylor Linda Board Member Thru 12/31/22 | 1.5 | $16,000 | |
Escutia Martha Board Member | 1.5 | $16,000 | |
Mendonca Lenny Board Member | 1.5 | $16,000 | |
Milligan Gretchen Board Member Thru 12/31/22 | 1.5 | $16,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bensimon & Associates Llc | 12/30/22 | $394,579 |
Capitol Impact | 12/30/22 | $171,917 |
Bpm Llp | 12/30/22 | $152,467 |
Education Equity Solutions | 12/30/22 | $155,500 |
Spitfire Strategies | 12/30/22 | $159,931 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,551 |
| Dividends & Interest | $7,226,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,590,358 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,392,085 |
| Total Revenue | -$3,753,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,217,558 |
| Other employee salaries and wages | $2,609,886 |
| Pension plans, employee benefits | $988,229 |
| Interest | $0 |
| Taxes | $452,303 |
| Depreciation | $281,462 |
| Occupancy | $507,300 |
| Travel, conferences, and meetings | $116,027 |
| Printing and publications | $0 |
| Other expenses | $1,643,012 |
| Total operating and administrative expenses | $8,304,718 |
| Contributions, gifts, grants paid | $21,548,026 |
| Total expenses and disbursements | $29,852,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,061,842 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,036,662 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,802 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $144,686 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $481,313,691 |
| Net Land, buildings, and equipment | $1,442,658 |
| Other assets | $4,022,406 |
| Total assets | $506,025,747 |
| Accounts payable and accrued expenses | $1,171,835 |
| Grants payable | $9,072,759 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,794,757 |
| Total liabilities | $14,039,351 |
Grants Awarded
Over the last fiscal year, College Futures Foundation has awarded $28,505,393 in support to 243 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY FOUNDATION PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $670,000 |
CALMATTERS PURPOSE: INFLUENCE PROGRAM GRANT | $645,000 |
FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $481,000 |
BROWN UNIVERSITY PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $442,000 |
GROWING INLAND ACHIEVEMENT INC PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $400,000 |
EDSOURCE INC PURPOSE: INFLUENCE PROGRAM GRANT | $375,000 |