Foundation For The Los Angeles Community Colleges
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 95-4106993
Organization Overview
Foundation For The Los Angeles Community Colleges is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foundation For The Los Angeles Community Colleges 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, Foundation For The Los Angeles Community Colleges generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 55.3% 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
SUPPORT THE EDUCATIONAL AND CULTURAL PROGRAMS OF THE LOS ANGELES COMMUNITY COLLEGE CAMPUSES AND PROMOTE THE DISTRICT'S PUBLIC RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PAYMENTS TO THE STUDENTS OF THE LOS ANGELES COMMUNITY COLLEGE CAMPUSES.
LAPTOP AND HOTSPOT PROGRAM FOR THE STUDENTS OF THE LOS ANGELES COMMUNITY COLLEGE CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fuller Secretary/executive Director | OfficerTrustee | 20 | $0 |
Jim Haney Chairman | OfficerTrustee | 1 | $0 |
John Donner Treasurer | OfficerTrustee | 1 | $0 |
Lizette Carbajal Vice Chair | OfficerTrustee | 1 | $0 |
Jeanette Gordon Laccd Chief Financial Offi | Officer | 2 | $0 |
Francisco Rodriguez Director/laccd Chancellor | Trustee | 1 | $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 | $1,789,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,789,450 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,786,714 |
| 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 | $32,261 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,838 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $487 |
| Royalties | $0 |
| Occupancy | $331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,050 |
| All other expenses | $0 |
| Total functional expenses | $1,851,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,169,872 |
| Savings and temporary cash investments | $38,918 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $458,652 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,350 |
| Total assets | $2,009,792 |
| Accounts payable and accrued expenses | $6,335 |
| 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 | $76,491 |
| Total liabilities | $82,826 |
| Net assets without donor restrictions | $213,911 |
| Net assets with donor restrictions | $1,713,055 |
| 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 | $2,009,792 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For The Los Angeles Community Colleges has recieved totaling $430,014.
| Awarding Organization | Amount |
|---|---|
Pepsico Foundation Inc Purchase, NY PURPOSE: SCHOLARSHIP PROGRAM | $300,000 |
Mayors Fund For Los Angeles Los Angeles, CA PURPOSE: CV-19 DACA FEES-COLLEGE PROMISE | $100,000 |
Century Housing Corporation Culver City, CA PURPOSE: EVENT DONATION | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |