Los Medanos College Foundation
- Assets
- $1.4m
- Revenue
- $207.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburg, CA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 94-3295149
Organization Overview
Los Medanos College Foundation is located in Pittsburg, CA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Los Medanos 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, Los Medanos College Foundation generated $207.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $231.7k during the year ending 06/2022. 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 DEVELOP RESOURCES AND RELATIONSHIPS THAT PROVIDE FINANCIAL SUPPORT TO LOS MEDANOS COLLEGE STUDENTS THROUGH STUDENT SCHOLARSHIPS, STUDENT PROGRAMS AND SERVICES, INSTRUCTIONAL SUPPLIES, AND FACILITY IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FORMATION IN 1997, THE LOS MEDANOS COLLEGE (LMC) FOUNDATION HAS BEEN COMMITTED TO BUILDING PATHWAYS FOR LMC STUDENTS TO FULFILL THEIR DREAMS. THE LMC FOUNDATION RAISES FUNDS AND ALLOCATES CRITICAL FINANCIAL SUPPORT FOR EDUCATIONAL AND CAREER TECHNICAL TRAINING PROGRAMS, TEACHING FACILITIES, STUDENT SCHOLARSHIPS AND EMERGENCY FUNDS.SUPPORT TO COLLEGE PROGRAMS CONTINUES TO BE ONE OF THE LARGEST FOCUS AREAS FOR THE FOUNDATION. COLLEGE PROGRAMS DIRECTLY IMPACT STUDENTS EVERY DAY THROUGH A VARIETY OF SUCCESS INITIATIVES, MENTOR COHORTS, AND MORE. INVESTMENTS FROM CORPORATIONS AND INDIVIDUAL DONORS HAVE ENABLED THE LMC FOUNDATION FOR THE PAST 5 YEARS TO:-AWARD OVER 9,000 SCHOLARSHIPS TO STUDENTS TO TRANSFER TO FOUR -YEAR COLLEGES AND UNIVERSITIES-SUPPORT CAREER TECHNICAL PROGRAMS IN NURSING, ELECTRICAL ENGINEERING, LAW ENFORCEMENT,EMERGENCY MEDICAL TECHNOLOGY AND FIREFIGHTING.-HELP STUDENTS LEARN SKILLS THAT LEAD TO JOBS EARNING MORE THAN $90,000 PER YEAR,-PROVIDE EMERGENCY FINANCIAL SUPPORT TO MORE THAN 400 LOW-INCOME STUDENTS STRUGGLING WITH BASIC NEEDS. ONCE THESE NEEDS ARE MET, STUDENTS ARE ABLE TO REMAIN IN SCHOOL AND COMPLETE THEIR GOALS.THE LMC FOUNDATION IS SUPPORTED BY THE GENEROUS AND FORWARD-THINKING EAST COUNTY COMMUNITY THROUGH THEIR DONATIONS, PARTICIPATION IN OUR SPECIAL EVENTS AND INVOLVEMENT WITH OUR AWARD WINNING ACADEMIC PROGRAMS AND FACULTY. THE COMMITMENT OF OUR DONORS AND SPONSORS IS A TESTAMENT TO THE COLLEGE'S VALUE TO BUSINESSES, INDUSTRY AND OUR COMMUNITY IN PROVIDING EDUCATIONAL EXCELLENCE TO THOSE STUDENTS ENTERING OUR DOORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Kratochvil Director | Trustee | 2 | $0 |
Trinh Nguyen Foundation Dir June-Sep | OfficerTrustee | 30 | $0 |
Leetha Robertson Secretary | OfficerTrustee | 2 | $0 |
Mona Foster White Chair | OfficerTrustee | 2 | $0 |
Keanee Chu Co-Chair | OfficerTrustee | 2 | $0 |
Osbaldo Garcia Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,309 |
| Total Program Service Revenue | $0 |
| Investment income | $15,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,681 |
| Grants and other assistance to domestic individuals. | $95,300 |
| 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 | $67,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,735 |
| Fees for services: Other | $9,720 |
| Advertising and promotion | $0 |
| Office expenses | $15,232 |
| Information technology | $10,777 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $505 |
| 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 | $3,594 |
| Insurance | $1,741 |
| All other expenses | $1,811 |
| Total functional expenses | $231,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $408,154 |
| 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 | $2,760 |
| Net Land, buildings, and equipment | $11,710 |
| Investments—publicly traded securities | $933,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,356,061 |
| Accounts payable and accrued expenses | $2,950 |
| 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 | $2,950 |
| Net assets without donor restrictions | $222,112 |
| Net assets with donor restrictions | $1,130,999 |
| 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 | $1,356,061 |