Hartnell College Foundation
- Assets
- $52.1m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 148
- Location
- Salinas, CA
- Founding
- 02/1982
- Data as of
- 06/2021
- EIN
- 94-2781664
Organization Overview
Hartnell College Foundation is located in Salinas, CA. The organization was established in 1982. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hartnell College Foundation employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartnell 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, Hartnell College Foundation generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 7.5% 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
THE MISSION OF HARTNELL COLLEGE FOUNDATION IS TO CULTIVATE RESOURCES TO CHAMPION STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEN IT WAS ESTABLISHED IN 1979, THE HARTNELL COLLEGE FOUNDATION'S PRIMARY FOCUS WAS ON RAISING FUNDS FOR STUDENT SCHOLARSHIPS. TODAY, THE FOUNDATION HAS EXPANDED ITS SUPPORT FOR THE COLLEGE AND ITS STUDENTS WITH RESOURCES FOR SCHOLARSHIPS, FACILITIES, WORKFORCE DEVELOPMENT, AND INNOVATIVE PROGRAMS. BETWEEN 2006 AND 2012, THE FOUNDATION COMPLETED THE COLLEGES FIRST COMPREHENSIVE CAPITAL CAMPAIGN IN ITS 85-YEAR HISTORY, RAISING $12 MILLION. THE BOARD AND COMMITTEES WERE EXPANDED TO INVOLVE OVER 250 COMMUNITY LEADERS. AT THE END OF 2012, THE FOUNDATION LAUNCHED A PRESIDENT'S TASK FORCE. THIS GROUP WAS COMPRISED OF 43 MEMBERS REPRESENTING THE COMMUNITY AND CAMPUS LEADERSHIP. THEY OVERSAW A CAMPUS-WIDE NEEDS ASSESSMENT THAT IDENTIFIED KEY INITIATIVES APPROPRIATE FOR PRIVATE SUPPORT. THESE INITIATIVES WERE THE BASIS OF A FIVE-YEAR, $15 MILLION FUNDING PLAN. FROM 2012-2019, THE FOUNDATION FAR EXCEEDED ITS FUNDRAISING GOAL OF $15 MILLION BY RAISING $45 MILLION, THREE TIMES THE ORIGINAL TARGET. THE FOUNDATION RECENTLY ORGANIZED ANOTHER COMMUNITY LED PRESIDENT'S TASK FORCE, WHICH RESULTED IN A FUNDING PLAN FOR 2020-2025. THE PLAN INCLUDES INITIATIVES FOR INNOVATIVE AND ACCELERATED PROGRAMS, STUDENT SUCCESS SCHOLARSHIPS AND INTERNSHIPS, STEM PROGRAMS AND SCHOLARSHIPS, INCLUDING THE COMPUTER SCIENCE IN 3 YEARS PROGRAM AND K-12 PARTNERSHIPS, THE SALINAS VALLEY PROMISE (GUIDANCE, LEADERSHIP DEVELOPMENT, LIFE SKILLS TRAINING AND SCHOLARSHIPS FOR LOCAL FIRST TIME COLLEGE STUDENTS), AGRICULTURE BUSINESS AND TECHNOLOGY, NURSING AND HEALTH SCIENCES, ATHLETICS, ARTS PROGRAMS, AND THE EXPANSION OF HIGHER EDUCATION THROUGH REGIONAL EDUCATIONAL CENTERS, ONLINE EDUCATION, AND DIGITAL EQUITY. THE NEW FUNDRAISING GOAL IS $34.1 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Sulsona President | OfficerTrustee | 2 | $0 |
Kurt Gollnick Past President | OfficerTrustee | 2 | $0 |
Susan Black Vice President | OfficerTrustee | 2 | $0 |
Mike Cling Vice President | OfficerTrustee | 2 | $0 |
Alfred Diaz-Infante Vice President | OfficerTrustee | 2 | $0 |
Sharon Dilbeck Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $378,355 |
| Related organizations | $0 |
| Government grants | $1,258,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,712,649 |
| Noncash contributions included in lines 1a–1f | $248,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,349,597 |
| Total Program Service Revenue | $0 |
| Investment income | $2,181,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $370,982 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,475 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,024,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $587,747 |
| 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 | $293,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,378 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,519 |
| Advertising and promotion | $0 |
| Office expenses | $7,119 |
| Information technology | $0 |
| Royalties | -$3,755 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $243,351 |
| Total functional expenses | $4,592,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,628,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,240,315 |
| 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 | $12,126 |
| Net Land, buildings, and equipment | $20,756,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $304,016 |
| Intangible assets | $0 |
| Other assets | $16,134,368 |
| Total assets | $52,076,041 |
| Accounts payable and accrued expenses | $904,889 |
| Grants payable | $531,627 |
| Deferred revenue | $41,535 |
| 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 | $1,478,051 |
| Net assets without donor restrictions | $23,398,716 |
| Net assets with donor restrictions | $27,199,274 |
| 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 | $52,076,041 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Hartnell College Foundation has recieved totaling $2,249,590.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT AG TECH WORKFORCE IN SALINAS | $600,000 |
James Irvine Foundation San Francisco, CA PURPOSE: FOR A YOUTH MENTORSHIP PROGRAM | $500,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $167,500 |
Andrew And Phyllis D Arrigo Charitable Foundation Salinas, CA PURPOSE: SUPPORTING THE STUDENTS, FACULTY, STAFF, AND PROGRAMS OF HARTNELL COLLEGE | $150,000 |
Andrew And Phyllis D Arrigo Charitable Foundation Salinas, CA PURPOSE: NAMING OPPORTUNITY | $150,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $132,500 |
Endowment Analysis
| Beg. Balance | $10,005,903 |
| Earnings | $3,752,604 |
| Admin Expense | $323,899 |
| Net Contributions | $309,267 |
| Ending Balance | $13,743,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tohono O Odham Community College Sells, AZ | $29,097,807 | $15,651,906 |
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 |
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 |
League For Innovation In The Community College Chandler, AZ | $743,434 | $2,344,893 |
Chaffey College Foundation Rancho Cucamonga, CA | $5,977,239 | $2,074,819 |