Form 990 for tax year 2022
Filed by GLENDALE COLLEGE FOUNDATION INCORPORATED.
Totals
- Total revenue
- $2,366,676
- Total expenses
- $1,248,396
- Contributions and grants received
- $1,918,420
- Grants paid
- $1,041,066
- Program service revenue
- $0
- Investment income
- $328,856
- Other revenue
- $119,400
- Total assets, end of year
- $19,484,071
- Total liabilities, end of year
- $101,080
- Net assets or fund balances, end of year
- $19,382,991
- Program services expenses (Part IX)
- $1,063,261
- Management and general expenses
- $142,175
- Fundraising expenses
- $42,960
- Program service expenses (Part III)
- $1,063,261
Program services were 85.2% 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
$21,970
-
1f · All other contributions, gifts and grants
$1,896,450
-
3 · Investment income
total $328,856 · excluded $328,856
-
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
$158,303
-
8a · Fundraising events: contributions included on line 1c
$21,970
-
8b · Fundraising events: direct expenses
$63,633
-
8c · Net income from fundraising events
total $94,670
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous Revenue
total $24,730 · excluded $24,730
-
11e · Other revenue, total
$24,730
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $479,438 · program services $479,438
-
2 · Grants to domestic individuals
total $561,628 · program services $561,628
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $65,879 · management and general $65,879
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $34,594 · fundraising $34,594
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $35,315 · management and general $35,315
-
12 · Advertising and promotion
total $22,195 · program services $22,195
-
13 · Office expenses
total $9,250 · management and general $9,250
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
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 $0
-
23 · Insurance
total $0
-
24a · Other expenses: Fundraising
total $8,366 · fundraising $8,366
-
24b · Other expenses: Miscellaneous Expense
total $7,666 · management and general $7,666
-
24c · Other expenses: Administrative endowment
total $7,185 · management and general $7,185
-
24d · Other expenses: Printing and Publications
total $4,917 · management and general $4,917
-
24e · All other expenses
total $11,963 · management and general $11,963
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $725,952 · end of year $1,030,234
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $600
-
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 $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $4,160
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $16,456,166 · end of year $18,449,077
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $1,230
-
19 · Deferred revenue
beginning of year $74,575 · end of year $99,850
-
27 · Net assets without donor restrictions
beginning of year $2,492,474 · end of year $3,946,479
-
28 · Net assets with donor restrictions
beginning of year $14,615,069 · end of year $15,436,512
Mission and programs · 2022
Mission
To raise funds to support glendale community college facilities, programs, and students and to build public awareness of the college.
Activities or mission (Part I)
Glendale College Foundation supports college facilities and programs, builds public awareness of the college, promotes and assists the educational programs carried on and provides scholarships to the students.
-
to provide scholarships to the students and promote and assist the educational programs carried on by Glendale community college.
Expenses $1,063,261 · Grants $479,438
As filed on the 2022 return.
Listed in Part VII
-
Lisa H Brooks
Executive Dir.
- Total calculated
- $190,358
- From this org
- $0
- From related orgs
- $181,116
- Other
- $9,242
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $181,116 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $9,242 related
- Filer's total
- not reported + $190,358 related
-
Dr Ryan Cornner
GCC Liaison
- Total calculated
- $149,627
- From this org
- $0
- From related orgs
- $136,635
- Other
- $12,992
- Hours/week
- 2 + 40 related
-
Ann Ransford
Trustee Liaison
- Total calculated
- $12,602
- From this org
- $0
- From related orgs
- $4,800
- Other
- $7,802
- Hours/week
- 2 + 40 related
-
Richard Dinger
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer S Bertolet
President
- Total calculated
- $0
- Hours/week
- 2
-
Kris Hons
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Russell
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jory Potts
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ellyn Semler
Member-at large
- Total calculated
- $0
- Hours/week
- 2
-
Mike Haney
Member-at large
- Total calculated
- $0
- Hours/week
- 2
-
Edwin Sahakian
Member-at large
- Total calculated
- $0
- Hours/week
- 2
-
Paul Brodsky
Director
- Total calculated
- $0
- Hours/week
- 2
-
Liz Chai-chang
Director
- Total calculated
- $0
- Hours/week
- 2
-
suzette clover
Director
- Total calculated
- $0
- Hours/week
- 2
-
angela collins
Director
- Total calculated
- $0
- Hours/week
- 2
-
pat crouch
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael Davitt
Director
- Total calculated
- $0
- Hours/week
- 2
-
armand Dorian
Director
- Total calculated
- $0
- Hours/week
- 2
-
Miryam Finkelberg
Director
- Total calculated
- $0
- Hours/week
- 2
-
joyce gimbert
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carole Jouroyan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Adel Luzuriaga
Director
- Total calculated
- $0
- Hours/week
- 2
-
Donna Melby
Director
- Total calculated
- $0
- Hours/week
- 2
-
Keith Morris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bhupesh parikh
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jordan Nedeff
Director
- Total calculated
- $0
- Hours/week
- 2
-
Eric Sahakians
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jim Sartoris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jim Spencer
Director
- Total calculated
- $0
- Hours/week
- 2
-
David Tonoyan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Trueblood
Director
- Total calculated
- $0
- Hours/week
- 2
-
Todd Vradenburg
Director
- Total calculated
- $0
- Hours/week
- 2
-
Linda Wang
Director
- Total calculated
- $0
- Hours/week
- 2
-
Steve Wilder
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dr Ryan Cornner
GCC Liaison
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
glendale community college
$479,438
provide for the educational program
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.
-
glendale community college
public college dist. · education · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400659349300320
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