Form 990 for tax year 2022
Filed by FOUNDATION FOR A COLLEGE EDUCATION.
Totals
- Total revenue
- $1,393,380
- Total expenses
- $1,273,698
- Contributions and grants received
- $1,388,323
- Grants paid
- $57,605
- Program service revenue
- $0
- Investment income
- $12,622
- Other revenue
- -$7,565
- Total assets, end of year
- $1,873,434
- Total liabilities, end of year
- $186,562
- Net assets or fund balances, end of year
- $1,686,872
- Program services expenses (Part IX)
- $738,231
- Management and general expenses
- $287,541
- Fundraising expenses
- $247,926
- Program service expenses (Part III)
- $738,231
Program services were 58.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$274,724
-
1f · All other contributions, gifts and grants
$1,113,599
-
1g · Noncash contributions included above
$35,374
-
3 · Investment income
total $12,622 · excluded $12,622
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$12,300
-
8a · Fundraising events: contributions included on line 1c
$274,724
-
8b · Fundraising events: direct expenses
$19,865
-
8c · Net income from fundraising events
total -$7,565
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $57,605 · program services $57,605
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $174,055 · program services $102,447 · management and general $26,657 · fundraising $44,951
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $546,378 · program services $321,219 · management and general $83,911 · fundraising $141,248
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $46,629 · program services $25,359 · management and general $8,595 · fundraising $12,675
-
10 · Payroll taxes
total $59,517 · program services $28,779 · management and general $14,236 · fundraising $16,502
-
11a · Fees: management
total $89,883 · program services $5,856 · management and general $81,132 · fundraising $2,895
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $125,701 · program services $108,000 · management and general $11,701 · fundraising $6,000
-
17 · Travel
total $1,919 · management and general $1,919
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $788 · program services $341 · management and general $275 · fundraising $172
-
23 · Insurance
total $13,397 · program services $2,850 · management and general $9,043 · fundraising $1,504
-
24a · Other expenses: Misc Expense
total $33,182 · program services $18,550 · management and general $1,035 · fundraising $13,597
-
24b · Other expenses: Program expenses
total $27,824 · program services $27,824
-
24c · Other expenses: IT services
total $19,920 · management and general $18,220 · fundraising $1,700
-
24d · Other expenses: College Tour Expense
total $19,754 · program services $19,754
-
24e · All other expenses
total $57,146 · program services $19,647 · management and general $30,817 · fundraising $6,682
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $405,702 · end of year $797,496
-
2 · Savings and temporary cash investments
beginning of year $373,913 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $275,669 · end of year $239,076
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $54,798
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $17,770 · end of year $23,184
-
10a · Land, buildings and equipment: cost or other basis
$26,876
-
10b · Land, buildings and equipment: accumulated depreciation
$26,302
-
10c · Land, buildings and equipment, net
beginning of year $1,363 · end of year $574
-
11 · Investments: publicly traded securities
beginning of year $665,686 · end of year $758,305
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $1
-
17 · Accounts payable and accrued expenses
beginning of year $80,161 · end of year $79,829
-
18 · Grants payable
beginning of year $158,250
-
25 · Other liabilities
end of year $106,733
-
27 · Net assets without donor restrictions
beginning of year $1,439,566 · end of year $1,558,930
-
28 · Net assets with donor restrictions
beginning of year $62,126 · end of year $127,942
Mission and programs · 2022
Mission
FCE's mission is to increase the number of first-generation low-income students of color from East Palo Alto, CA and surrounding communities who graduate with a degree from a four-year college or university. FCE was found out of a desire to improve the social and economic conditions of East Palo Also residents, FCE's belief is that education is a powerful tool for individual, family and community change.
-
College Bound Program- Believing that high expectations lead to high achievement, FCE has develop a program that encourages low-income students to pursue advance academic works so they are prepared to succeed in college. Under the college bound program students receive tutoring, leadership development, college planning and counseling as well as financial aid advising and scholarship application guidance. One hundred percent of students graduate form high school and enroll in post secondary institutions. Eighty-eight percent of our college graduates complete college within 6 years or less. FCE helps student develop the academic skills and self-confidence to succeed in college and beyond.
Expenses $404,874
-
College success program- Recognizing that getting student into college is only the first step, FCE continues to support them through college in order to ensure that they graduate with a bachelor's degree or higher. The college success program provides students with mentoring, summer internship opportunities, career counseling and leadership development workshops to ensure that they complete their under graduate education.
Expenses $217,454
-
College Scholarship Program- Our College Scholarship Program offers competitive scholarships to help offset the costs associated with funding a college education. Scholarships,which are funded individual and foundation donors, play a key role in ensuring that first generation low-income students of color complete college within six years.
Expenses $54,127
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Donna Chandra
Dir of Development
- Total calculated
- $99,267
- From this org
- $94,230
- From related orgs
- $0
- Other
- $5,037
- Hours/week
- 40
-
Elizabeth Wells
Exec Director
- Total calculated
- $82,497
- From this org
- $80,000
- From related orgs
- $0
- Other
- $2,497
- Hours/week
- 40
-
Leila Jere
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Paul Resnick
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Devin Gaines
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Shelley Willig
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Janice Brody
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Mary Pishny
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Chris Andrews
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Nicole Rubin
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Joyce Latu-Fahamokioa
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Leigh Winter Martin
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Marissa McGee
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Rachel Boyce
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Paul J Collins
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Nadia Johnson
Secretary
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349310318
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.