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Nonprofiteer
← FRIENDS OF CHABOT COLLEGE

Form 990 for tax year 2022

Filed by FRIENDS OF CHABOT COLLEGE.

Totals

Total revenue
$556,382
Total expenses
$443,317
Contributions and grants received
$564,566
Grants paid
$381,221
Program service revenue
$15,464
Investment income
-$14,743
Other revenue
-$8,905
Total assets, end of year
$1,516,114
Total liabilities, end of year
$261,810
Net assets or fund balances, end of year
$1,254,304
Program services expenses (Part IX)
$390,249
Management and general expenses
$50,755
Fundraising expenses
$2,313
Program service expenses (Part III)
$390,249

Program services were 88.0% 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

    $53,867

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $435,699

  • 1g · Noncash contributions included above

    $4,342

  • 2a · Program service revenue: STEWARDSHIP FEES

    total $13,533 · related or exempt $13,533

  • 2b · Program service revenue: MANAGED FUND FEES

    total $1,931 · related or exempt $1,931

  • 3 · Investment income

    total $24,850 · excluded $24,850

  • 7a · Gross sales of assets other than inventory

    securities $669,559 · other assets $87

  • 7b · Less cost or other basis and sales expenses

    securities $709,239

  • 7c · Gain or loss

    securities -$39,680 · other assets $87

  • 7d · Net gain or loss

    total -$39,593 · related or exempt -$39,680 · excluded $87

  • 8a · Fundraising events: gross income

    $9,908

  • 8a · Fundraising events: contributions included on line 1c

    $53,867

  • 8b · Fundraising events: direct expenses

    $18,813

  • 8c · Net income from fundraising events

    total -$8,905

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,480 · program services $5,480

  • 2 · Grants to domestic individuals

    total $375,741 · program services $375,741

  • 11c · Fees: accounting

    total $39,423 · management and general $39,423

  • 11f · Fees: investment management

    total $7,311 · management and general $7,311

  • 11g · Fees: other

    total $1,054 · program services $258 · management and general $556 · fundraising $240

  • 12 · Advertising and promotion

    total $132 · program services $132

  • 13 · Office expenses

    total $2,388 · program services $1,723 · management and general $456 · fundraising $209

  • 14 · Information technology

    total $5,735 · program services $2,665 · management and general $1,803 · fundraising $1,267

  • 19 · Conferences, conventions and meetings

    total $6,053 · program services $4,250 · management and general $1,206 · fundraising $597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $525,435 · end of year $261,051

  • 3 · Pledges and grants receivable

    end of year $24,546

  • 4 · Accounts receivable

    beginning of year $75,664 · end of year $65,123

  • 7 · Other notes and loans receivable

    beginning of year $60,685 · end of year $82,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,403 · end of year $6,185

  • 11 · Investments: publicly traded securities

    beginning of year $705,017 · end of year $1,076,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,361 · end of year $81,011

  • 21 · Escrow or custodial account liability

    beginning of year $195,597 · end of year $180,799

  • 27 · Net assets without donor restrictions

    beginning of year $30,634 · end of year $72,520

  • 28 · Net assets with donor restrictions

    beginning of year $1,054,612 · end of year $1,181,784

Mission and programs · 2022

Mission

THE FRIENDS OF CHABOT COLLEGE FACILITATES CASH GIFTS, LEGACY GIFTS, CORPORATE CONTRIBUTIONS, IN-KIND CONTRIBUTIONS, AND OTHER METHODS OF GIVING IN ORDER TO SECURE FUNDS FOR THE ADVANCEMENT OF THE COLLEGE AND STUDENTS.

  • THE FRIENDS OF CHABOT COLLEGE (FCC) SUPPORTS CHABOT COLLEGE PROGRAMS AND STUDENTS THROUGH PHILANTHROPIC ACTIVITIES, SUCH AS FUNDRAISERS, SCHOLARSHIPS AND EMERGENCY AID OPPORTUNITIES. THE FCC HAS DISTRIBUTED LARGE AMOUNTS OF DIRECT EMERGENCY AID TO STUDENTS SINCE 2020 IN THE FORM OF DIRECT CASH AID, LAPTOPS AND HOTSPOTS. CHABOT STUDENTS RECEIVING AID HAD HIGHER SUCCESS RATES AND RETENTION RATES THAN STUDENTS WHO DID NOT RECEIVE AID. THE FCC ALSO HELD ITS ANNUAL GALA FUNDRAISER RAISING OVER 50,000 THAT WENT TO SUPPORT CHABOT PROGRAMS AND SCHOLARSHIPS. THE FCC ALSO RECEIVED OVER 500 SCHOLARSHIP APPLICATIONS AND AWARDED OVER 90,000 IN SCHOLARSHIPS TO CHABOT STUDENTS.

    Expenses $390,249 · Grants $381,221

  • IN 2023, THE FCC CONTINUED TO PARTNER WITH THE COLLEGE AND OTHER LOCAL ORGANIZATIONS TO AWARD INCREASING AMOUNTS OF EMERGENCY AID. THE FCC HELD ITS GALA WHICH RAISED OVER 50,000 WHILE CELEBRATING SOME OF CHABOT'S MOST SUCCESSFUL ALUMNI, CORPORATE PARTNERS AND COLLEGE LEADERSHIP. SCHOLARSHIPS CONTINUE TO BE AWARDED EACH YEAR AND ALUMNI PROGRAMMING IS EXPANDING TO INCLUDE OVER 200 NEW ALUMNI ASSOCIATION MEMBERS AND MONTHLY ALUMNI EVENTS.

  • THE FCC CONTINUES TO COLLABORATE WITH COLLEGE STAFF TO RAISE FUNDS FOR COLLEGE PROGRAMS, SPONSOR EVENTS IN THE COMMUNITY, AND ENGAGE WITH COMMUNITY PARTNERS TO EXPAND THE REACH AND AWARENESS OF CHABOT PROGRAMS AND SERVICES. THE FCC CONTRIBUTED OVER 5,000 FOR SPONSORING MULTIPLE COMMUNITY EVENT AND FUNDRAISERS INCLUDING SPONSORING EACH K-12 EDUCATION FOUNDATION IN OUR SERVICE AREA.

As filed on the 2022 return.

Listed in Part VII

  • MARK SALINAS

    CHAIR/PRESID

    Total calculated
    $0
    Hours/week
    1

  • PAT GACOSCOS

    VICE CHAIR/S

    Total calculated
    $0
    Hours/week
    0.25

  • DALE WAGONER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • OLGA ROSALES SALINAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MARITA CHENG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • DR HAL GIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MELINDA MATSUDA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • OBRAY VAN BUREN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • DR JAMAL COOKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YVONNE WU CRAIG

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    20

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441359349310149

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