Salt Lake Community College Foundation
- Assets
- $23.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 07/1983
- Data as of
- 06/2022
- EIN
- 94-2886220
Organization Overview
Salt Lake Community College Foundation is located in Salt Lake City, UT. The organization was established in 1983. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Salt Lake Community 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 06/2022, Salt Lake Community College Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salt Lake Community College Foundation has awarded 12 individual grants totaling $12,838,373. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SALT LAKE COMMUNITY COLEGE FOUNDATION IS TO PROVIDE FUND-RAISING AND SUPPORT FOR SALT LAKE COMMUNITY COLLEGE BY RAISING FUNDS FOR SCHOLARSHIPS, ACEDEMIC PROGRAMS, BUILDING CONSTRUCTION, FURNISHINGS AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR SPECIFIED DONATIONS SPECIFICALLY GIVEN TO SUPPORT OR IMPROVE CERTAIN PROGRAMS OR DISCIPLINES WITHIN THE COLLEGE, INCLUDING ATHLETICS, GOLDMAN SACHS 10K SMALL BUSINESS, AND DEPARTMENT PROGRAM FUNDING.
SCHOLARSHIPS PROVIDED TO SALT LAKE COMMUNITY COLLEGE STUDENTS FROM FUND-RAISING ACTIVITIES AND DONATIONS TO THE FOUNDATION.
AWARDS GIVEN TO FACULTY MEMBERS TO ENHANCE SKILLS AND TOOLS IN THEIR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Michalko Executive Director | OfficerTrustee | 14 | $0 |
John Parrish Chair | OfficerTrustee | 2 | $0 |
Roger Mcqueen Vice Chair | OfficerTrustee | 1 | $0 |
Kyle Treadway Treasurer | OfficerTrustee | 1 | $0 |
Coralie Alder Trustee | Trustee | 1 | $0 |
Mary Bangerter Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,745 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,807,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,960,419 |
| Total Program Service Revenue | $0 |
| Investment income | $380,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,345,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,107,646 |
| 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 | $24,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,104 |
| Fees for services: Other | $55,915 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,299,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,032 |
| Savings and temporary cash investments | $1,738,828 |
| Pledges and grants receivable | $1,052,444 |
| 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 | $19,268,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,210,000 |
| Accounts payable and accrued expenses | $1,112,820 |
| Grants payable | $0 |
| Deferred revenue | $65,000 |
| 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 | $1,177,820 |
| Net assets without donor restrictions | $1,830,691 |
| Net assets with donor restrictions | $20,201,489 |
| 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 | $23,210,000 |
Grants Awarded
Over the last fiscal year, Salt Lake Community College Foundation has awarded $3,107,646 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SALT LAKE COMMUNITY COLLEGE PURPOSE: FACULTY SUPPORT | $23,660 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $1,787,669 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: PROGRAM SUPPORT | $1,296,317 |