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← FRIENDS OF CHABOT COLLEGE

Form 990 for tax year 2023

Filed by FRIENDS OF CHABOT COLLEGE.

Totals

Total revenue
$713,904
Total expenses
$499,543
Contributions and grants received
$643,732
Grants paid
$417,581
Program service revenue
$25,696
Investment income
$43,020
Other revenue
$1,456
Total assets, end of year
$1,714,759
Total liabilities, end of year
$200,244
Net assets or fund balances, end of year
$1,514,515
Program services expenses (Part IX)
$428,889
Management and general expenses
$68,126
Fundraising expenses
$2,528
Program service expenses (Part III)
$428,889

Program services were 85.9% 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

    $47,749

  • 1e · Government grants (contributions)

    $127,080

  • 1f · All other contributions, gifts and grants

    $468,903

  • 1g · Noncash contributions included above

    $2,230

  • 2a · Program service revenue: STEWARDSHIP FEES

    total $24,552 · related or exempt $24,552

  • 2b · Program service revenue: MANAGED FUND FEES

    total $1,144 · related or exempt $1,144

  • 3 · Investment income

    total $34,680 · excluded $34,680

  • 7a · Gross sales of assets other than inventory

    other assets $8,340

  • 7c · Gain or loss

    other assets $8,340

  • 7d · Net gain or loss

    total $8,340 · excluded $8,340

  • 8a · Fundraising events: gross income

    $18,586

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

    $47,749

  • 8b · Fundraising events: direct expenses

    $17,130

  • 8c · Net income from fundraising events

    total $1,456

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,750 · program services $8,750

  • 2 · Grants to domestic individuals

    total $408,831 · program services $408,831

  • 11c · Fees: accounting

    total $49,910 · management and general $49,910

  • 11f · Fees: investment management

    total $8,998 · management and general $8,998

  • 11g · Fees: other

    total $100 · management and general $100

  • 13 · Office expenses

    total $3,182 · program services $336 · management and general $2,846

  • 14 · Information technology

    total $6,375 · program services $3,794 · management and general $2,581

  • 19 · Conferences, conventions and meetings

    total $13,225 · program services $7,110 · management and general $3,653 · fundraising $2,462

  • 20 · Interest

    total $172 · program services $68 · management and general $38 · fundraising $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,051 · end of year $350,106

  • 3 · Pledges and grants receivable

    beginning of year $24,546

  • 4 · Accounts receivable

    beginning of year $65,123 · end of year $136,333

  • 7 · Other notes and loans receivable

    beginning of year $82,417 · end of year $21,689

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,185 · end of year $4,618

  • 11 · Investments: publicly traded securities

    beginning of year $1,076,792 · end of year $1,202,013

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,011 · end of year $49,212

  • 21 · Escrow or custodial account liability

    beginning of year $180,799 · end of year $151,032

  • 27 · Net assets without donor restrictions

    beginning of year $72,520 · end of year $51,276

  • 28 · Net assets with donor restrictions

    beginning of year $1,181,784 · end of year $1,463,239

Mission and programs · 2023

Mission

FRIENDS OF CHABOT COLLEGE ADVANCES THE INTERESTS & PROMOTES THE WELFARE OF CHABOT COLLEGE AND ITS STUDENTS BY BUILDING STRONG PARTNERSHIPS WITH DONORS ALUMNI, AND FRIENDS TO ENSURE RESOURCES EXIST TO ADVANCE ITS MISSION.

Activities or mission (Part I)

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 FCC SUPPORTS CHABOT COLLEGE PROGRAMS AND STUDENTS THROUGH PHILANTHROPIC ACTIVITIES, SUCH AS FUNDRAISERS, SCHOLARSHIP AND EMERGENCY AID OPPORTUNITIES. THE FCC 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. SINCE THE PANDEMIC, THE FCC HAS BEEN DISTRIBUTING LARGE AMOUNTS OF DIRECT EMERGENCY AID. 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 70,000 THAT WENT TO SUPPORT CHABOT PROGRAMS AND SCHOLARSHIPS. THE FCC ALSO RECEIVED OVER 800 SCHOLARSHIP APPLICATIONS AND AWARDED OVER 118,600 IN SCHOLARSHIPS TO CHABOT STUDENTS.

    Expenses $428,889 · Grants $417,581

  • AS PART OF ITS MISSION TO SUPPORT THE CHABOT COLLEGE PROGRAMS AND THE COMMUNITY IN ITS SERVICE AREA, THE FCC WAS ABLE TO SUPPORT GRANTS AND SPONSORSHIPS TO SEVERAL LOCAL ORGANIZATIONS FOR A TOTAL OF 7,250.

  • THE FCC CONTINUED TO PARTNER WITH THE DONNA L. AND EDWARD E. MARTINS FOUNDATION WHICH PROVIDED CLOSE TO 20,000 TO SUPPORT THE USE OF ELECTRONIC HEALTH RECORDS (HER) TECHNOLOGY AND TRAINING MATERIALS IN SUPPORT OF THE CHABOT NURSING PROGRAM. THE FCC CONTINUES TO COLLABORATE WITH ALUMNI AND 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.

As filed on the 2023 return.

Listed in Part VII

  • Mark Salinas

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hon Pat Gacoscos

    VICE PRES/SE

    Total calculated
    $0
    Hours/week
    1

  • Dale Wagoner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Hal Gin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marita Cheng

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melinda Matsuda

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Olga Rosales Salinas

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349307830

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