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Nonprofiteer
← MIRAMAR COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by MIRAMAR COLLEGE FOUNDATION INC.

Totals

Total revenue
$399,347
Total expenses
$386,225
Contributions and grants received
$390,523
Grants paid
$254,267
Program service revenue
$0
Investment income
$9,857
Other revenue
-$1,033
Total assets, end of year
$955,678
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$955,678
Program services expenses (Part IX)
$371,656
Management and general expenses
$6,176
Fundraising expenses
$8,393
Program service expenses (Part III)
$371,656

Program services were 96.2% 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

    $52,870

  • 1f · All other contributions, gifts and grants

    $337,653

  • 1g · Noncash contributions included above

    $8,393

  • 3 · Investment income

    total $9,857 · excluded $9,857

  • 8a · Fundraising events: gross income

    $14,103

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

    $52,870

  • 8b · Fundraising events: direct expenses

    $15,136

  • 8c · Net income from fundraising events

    total -$1,033 · excluded -$1,033

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $244,267 · program services $244,267

  • 24a · Other expenses: Other Program Services

    total $117,389 · program services $117,389

  • 24b · Other expenses: In Kind Donations

    total $8,393 · fundraising $8,393

  • 24e · All other expenses

    total $6,176 · management and general $6,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $459,395 · end of year $162,443

  • 2 · Savings and temporary cash investments

    beginning of year $439,941 · end of year $307,743

  • 4 · Accounts receivable

    beginning of year $20,250 · end of year $15,770

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,000 · end of year $4,900

  • 15 · Other assets

    beginning of year $0 · end of year $464,822

  • 27 · Net assets without donor restrictions

    beginning of year $584,005 · end of year $699,939

  • 28 · Net assets with donor restrictions

    beginning of year $343,581 · end of year $255,739

Mission and programs · 2024

Mission

The Miramar College Foundation collaborates with San Diego Miramar College to empower students to overcome barriers to achieve their educational goals and to thrive in their future lives.

Activities or mission (Part I)

Promote Miramar College in the community and supplement its educational programs and activities.

  • The Foundation granted scholarships and awards to students based on academic criteria and recommendations.

    Expenses $118,216 · Grants $118,216

  • The Foundation provides direct financial support through various grants assisting students with the class certificates and licensing required after class completion. Approximately 420 students were assisted with the grants.

    Expenses $126,051 · Grants $126,051

  • The Foundation removes barriers to student access through programming including student engagement, recognition and community building activities and basic needs assistance. By addressing these critical areas, the Foundation empowers students to succeed academically and personally, ensuring they have the tools and stability needed to thrive.

    Expenses $127,389 · Grants $10,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rene McKee

    President (April-June)

    Total calculated
    $0
    Hours/week
    1
  • Don Boas

    President (June-March)

    Total calculated
    $0
    Hours/week
    1
  • Lily Cava

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Brett Bell

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Lisa Cole-Jones

    College Director

    Total calculated
    $201,547
    From this org
    $137,024
    From related orgs
    $0
    Other
    $64,523
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $137,024
    Bonus
    $0
    Other
    $0
    Deferred
    $36,215
    Nontaxable benefits
    $28,308
    Filer's total
    $201,547
  • Roberta Baade

    Director

    Total calculated
    $0
    Hours/week
    1
  • Paul Johnson

    Director (April-June)

    Total calculated
    $0
    Hours/week
    1
  • Hailey Hua

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dawn Diskin

    Director

    Total calculated
    $0
    Hours/week
    1
  • Sarah Yang

    Director (July-Feb)

    Total calculated
    $0
    Hours/week
    1
  • Mike Johnson

    Director (July-Nov)

    Total calculated
    $0
    Hours/week
    1
  • Steven Quis

    Director

    Total calculated
    $0
    Hours/week
    4
  • P Wesley Lundburg

    College President

    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

The filer's explanations (Part III)

Part II:
Lisa Cole-Jones is paid by an unrelated organization, the San Diego Community College District, for services to the Foundation. The compensation reported in Part II is the entire amount paid in 2024 but only approximately 65% of Lisa's time is devoted to the Foundation.

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202640699349301329

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