Cerritos College Foundation

Organization Overview

Cerritos College Foundation is located in Norwalk, CA. The organization was established in 1979. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Cerritos College Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cerritos 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, Cerritos College Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS COMMITTED TO DEVELOPING FINANCIAL RESOURCES AND PARTNERSHIPS THAT WILL ENHANCE ALL COLLEGE PROGRAMS, WHILE ASSISTING INDIVIDUAL STUDENTS AND FUNDING SPECIAL PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS TO STUDENTS ATTENDING CERRITOS COLLEGE


VARIOUS GRANTS AND SUPPORT ADMINISTERED BY THE FOUNDATION THAT BENEFIT THE COLLEGE AND ITS STUDENTS


THE CERRITOS COLLEGE ECONOMIC DEVELOPMENT DEPARTMENT HAS HELPED HUNDREDS OF BUSINESSES COMPETE AND SUCCEED WITH COST-EFFECTIVE, PROFESSIONAL DEVELOPMENT THAT IS CUSTOM-TAILORED TO ORGANIZATIONAL OBJECTIVES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$72,701
Related organizations$0
Government grants $421,106
All other contributions, gifts, grants, and similar amounts not included above$2,470,488
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,964,295
Total Program Service Revenue$313,917
Investment income $116,980
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $166,977
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,563,306

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Cerritos College Foundation has recieved totaling $256,364.

Awarding OrganizationAmount
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR INCREASING RESEARCH AND TEACHING CAPACITY FOR OPEN EDUCATIONAL RESOURCES

$187,106
The California Wellness Foundation

Los Angeles, CA

PURPOSE: FOR PROJECT SUPPORT TO INTRODUCE COMMUNITY COLLEGE STUDENTS TO ORGANIZED PHILANTHROPY BY NAVIGATING THEM THROUGH A GRANTMAKING PROCESS IN WHICH THEY WILL CHOOSE NON-PROFIT COMMUNITY ORGANIZATIONS IN CALIFORNIA.

$35,000
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$34,233
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$25
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,770,244
Earnings$562,249
Admin Expense$89,337
Net Contributions$133,047
Ending Balance$4,376,203

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