Contra Costa College Memorial Scholarship Foundation
- Assets
- $10.0m
- Revenue
- $1.2m
- Investments
- $1.1m
- Employees
- 0
- Location
- San Pablo, CA
- Founding
- 05/1967
- Data as of
- 06/2021
- EIN
- 94-6135368
Organization Overview
Contra Costa College Memorial Scholarship Foundation is located in San Pablo, CA. The organization was established in 1967. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Contra Costa College Memorial Scholarship 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, Contra Costa College Memorial Scholarship Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $634.5k during the year ending 06/2021. While expenses have increased by 20.8% 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
TO FOSTER RELATIONSHIPS THAT PROVIDE PHILANTHROPIC SUPPORT TO CONTRA COSTA COLLEGE, ITS STUDENTS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRA COSTA COLLEGE FOUNDATION (CCCF) HAS BEEN WORKING SINCE 1967 TO INCREASE FINANCIAL SUPPORT FOR OUR STUDENTS. THE FOUNDATION'S WRAP-AROUND FUND SUPPORTS STUDENT SUCCESS AND REAL STUDENT NEEDS. GIFTS MADE TO THIS FUND HELPS WITH STUDENT RETENTION AND NEEDS SUCH AS MENTORING, CLINICAL SERVICES OR TUTORING, BOOKS, RENT, TRANSPORTATION OR CHILDCARE. THE MOST PROMINENT NEEDS OF CCC STUDENTS INCLUDE TECHNICAL NEEDS, HOMELESSNESS, HUNGER, TRANSPORTATION, CHILDCARE AND INABILITY TO PURCHASE TEXTBOOKS. STUDENTS APPLY FOR THESE FUNDS THROUGH AN EMERGENCY FUND APPLICATION, AND ARE REQUIRED TO BE ENROLLED AT CCC (A MINIMUM OF SIX UNITS), BE IN GOOD STANDING (NON-PROBATIONARY STUDENT), AND TO WRITE A BRIEF NARRATIVE ABOUT THEIR REASON FOR APPLYING (WHAT NEEDS ARE UNMET). SUPPORT WITH TUITION: MORE THAN $205,000 WAS AVAILABLE VIA SCHOLARSHIPS EXCLUSIVELY FOR CONTRA COSTA COLLEGE STUDENTS FOR OUR LAST ACADEMIC YEAR. FINANCIAL SCHOLARSHIPS ALLOW STUDENTS TO CONCENTRATE ON COLLEGE STUDIES AND PARTICIPATE IN EXTRACURRICULAR CAMPUS ACTIVITIES, CREATING A WELL-ROUNDED AND SUCCESSFUL GRADUATE. PROGRAM SUPPORT IS ALSO PROVIDED TO THE CAMPUS IN SEVERAL WAYS, FOR BUDGETS, CONFERENCES AND OTHER NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $720,463 |
| Noncash contributions included in lines 1a–1f | $1,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $722,463 |
| Total Program Service Revenue | $0 |
| Investment income | $204,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,428 |
| Grants and other assistance to domestic individuals. | $205,210 |
| 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 | $62,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,652 |
| Fees for services: Other | $84,111 |
| Advertising and promotion | $169 |
| Office expenses | $22,776 |
| Information technology | $13,235 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,176 |
| All other expenses | $6,821 |
| Total functional expenses | $634,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,007 |
| Pledges and grants receivable | $35,000 |
| 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 | $1,716 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,610,527 |
| Investments—other securities | $1,088,408 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,950,658 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,520,634 |
| Net assets with donor restrictions | $6,430,024 |
| 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 | $9,950,658 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Contra Costa College Memorial Scholarship Foundation has recieved totaling $329,186.
| Awarding Organization | Amount |
|---|---|
Tipping Point Community San Francisco, CA PURPOSE: EDUCATION ISSUE AREA | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $69,600 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $24,682 |
I Car Education Foundation Hoffman Estates, IL PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $23,250 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $9,100 |
Chamberlin Family Foundation Richmond, CA PURPOSE: PROGRAM SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,121,124 |
| Earnings | $59,975 |
| Net Contributions | $62,839 |
| Other Expense | $10,445 |
| Ending Balance | $1,233,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |