Form 990 for tax year 2022
Filed by CUYAHOGA COMMUNITY COLLEGE FOUNDATI.
Totals
- Total revenue
- $8,561,872
- Total expenses
- $8,887,901
- Contributions and grants received
- $5,708,013
- Grants paid
- $7,931,190
- Program service revenue
- $0
- Investment income
- $1,887,606
- Other revenue
- $966,253
- Total assets, end of year
- $104,163,341
- Total liabilities, end of year
- $2,509,291
- Net assets or fund balances, end of year
- $101,654,050
- Program services expenses (Part IX)
- $7,931,190
- Management and general expenses
- $292,070
- Fundraising expenses
- $664,641
- Program service expenses (Part III)
- $7,931,190
Program services were 89.2% 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.
-
1f · All other contributions, gifts and grants
$5,708,013
-
1g · Noncash contributions included above
$275,132
-
3 · Investment income
total $1,624,599 · excluded $1,624,599
-
7a · Gross sales of assets other than inventory
securities $9,897,113
-
7b · Less cost or other basis and sales expenses
securities $9,634,106
-
7c · Gain or loss
securities $263,007
-
7d · Net gain or loss
total $263,007 · excluded $263,007
-
8a · Fundraising events: gross income
$1,267,301
-
8b · Fundraising events: direct expenses
$301,048
-
8c · Net income from fundraising events
total $966,253 · excluded $966,253
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,931,190 · program services $7,931,190
-
11b · Fees: legal
total $4,640 · management and general $4,640
-
11c · Fees: accounting
total $33,634 · management and general $33,634
-
11d · Fees: lobbying
total $150,000 · fundraising $150,000
-
11f · Fees: investment management
total $71,799 · management and general $71,799
-
11g · Fees: other
total $521,835 · management and general $7,194 · fundraising $514,641
-
19 · Conferences, conventions and meetings
total $147,935 · management and general $147,935
-
23 · Insurance
total $5,695 · management and general $5,695
-
24a · Other expenses: MISCELLANEOUS
total $21,173 · management and general $21,173
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,061,428 · end of year $3,180,501
-
3 · Pledges and grants receivable
beginning of year $7,596,667 · end of year $5,359,679
-
9 · Prepaid expenses and deferred charges
beginning of year $63,500 · end of year $75,000
-
11 · Investments: publicly traded securities
beginning of year $61,837,073 · end of year $67,930,779
-
12 · Investments: other securities
beginning of year $25,503,086 · end of year $26,950,766
-
15 · Other assets
beginning of year $665,497 · end of year $666,616
-
17 · Accounts payable and accrued expenses
beginning of year $75,444 · end of year $75,206
-
19 · Deferred revenue
end of year $398,761
-
25 · Other liabilities
beginning of year $4,097,239 · end of year $2,035,324
-
27 · Net assets without donor restrictions
beginning of year $260,236 · end of year $263,586
-
28 · Net assets with donor restrictions
beginning of year $94,294,332 · end of year $101,390,464
Mission and programs · 2022
Mission
THE MISSION OF THE CUYAHOGA COMMUNITY COLLEGE FOUNDATION IS TO PROVIDE RESOURCES FOR ADVANCING STUDENT SUCCESS AT CUYAHOGA COMMUNITY COLLEGE AND TO TRANSFORM THE LIVES OF THOSE TRI-C SERVES. (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
THE MISSION OF THE CUYAHOGA COMMUNITY COLLEGE FOUNDATION IS (CONTINUED ON SCHEDULE O)TO PROVIDE RESOURCES FOR ADVANCING STUDENT SUCCESS AT CUYAHOGA COMMUNITY COLLEGE AND TO TRANSFORM THE LIVES OF THOSE TRI-C SERVES. OUR VISION IS TO ENSURE THAT EVERY TRI-C STUDENT HAS THE RESOURCES NEEDED TO HELP THEM LEARN, THRIVE, AND SUCCEED, CREATING A PROSPEROUS COMMUNITY FOR ALL. OUR FOCUS IS TO REIMAGINE A TRANSFORMED WORKFORCE SYSTEM BY SERVING THOSE MOST IN NEED THROUGH AN ACCESSIBLE, FLEXIBLE AND BARRIER FREE EDUCATION THAT LEADS TO LIFE-CHANGING JOBS, WHILE MEETING THE DEMANDS OF OUR REGION'S VITAL INDUSTRIES.
-
SCHOLARSHIP PROGRAM: ALTHOUGH THE COLLEGE'S TUITION IS THE LOWEST IN NORTHEAST OHIO, THERE ARE STUDENTS IN OUR COMMUNITY WHO, WITHOUT FINANCIAL ASSISTANCE, CANNOT ACCESS OR CONTINUE THEIR EDUCATION, ESPECIALLY THOSE PURSUING A SHORT-TERM CERTIFICATE THAT IS INELIGIBLE FOR FEDERAL AID. SCHOLARSHIPS ENABLE THOUSANDS OF STUDENTS TO ACCESS AND OBTAIN THEIR COLLEGE EDUCATION, OFTEN REDUCING THE TIME IT TAKES TO GRADUATE. OVER A FIVE-YEAR PERIOD (FY2019-2023), 18,359 SCHOLARSHIPS TOTALING $20.5 MILLION WERE AWARDED TO TRI-C STUDENTS. THE AVERAGE SCHOLARSHIP WAS $1,300. GROWING SCHOLARSHIP OPPORTUNITIES FOR STUDENTS IS AN ONGOING, TOP PRIORITY FOR THE TRI-C FOUNDATION.
Expenses $3,425,821 · Grants $3,425,821
-
EDUCATIONAL DEVELOPMENT: TRI-C FOUNDATION SUPPORTS DEVELOPING AND ENHANCING EDUCATIONAL PROGRAMS IN RESPONSE TO WORKFORCE AND STUDENT NEEDS. A TRI-C EDUCATION IS DESIGNED TO MEET THE EDUCATIONAL, CULTURAL, AND ECONOMIC NEEDS OF OUR COMMUNITIES THROUGH INNOVATIVE PROGRAMMING, ESPECIALLY FOR HIGH-DEMAND CAREERS IN CREATIVE ARTS, HOSPITALITY MANAGEMENT, INFORMATION TECHNOLOGY, MANUFACTURING, NURSING AND HEALTH PROFESSIONS, AND PUBLIC SAFETY. HIGH-QUALITY, INDUSTRY-RELEVANT COURSES, AND COMPREHENSIVE, HANDS-ON TRAINING ENSURE THAT STUDENTS GAIN A COMPETITIVE EDGE TO PREPARE FOR SUCCESS IN TODAY'S JOB MARKET. (CONTINUED ON SCHEDULE O)TRI-C PROGRAMS ALIGN WITH KEY AREAS THAT ANTICIPATE FUTURE JOB GROWTH; GRADUATE WORKERS WITH THE SKILLS LOCAL EMPLOYERS SEEK; DEMONSTRATE HIGH SUCCESS RATES; USE STATE-OF-THE-ART FACILITIES; AND RECEIVE NATIONAL RECOGNITION.
Expenses $4,505,369 · Grants $4,505,369
-
TRI-C IS AMONG THE NATION'S TOP 150 COMMUNITY COLLEGES, ACCORDING TO THE ASPEN INSTITUTE COLLEGE EXCELLENCE PROGRAM. COLLEGE-WIDE INITIATIVES ARE INCREASING GRADUATION RATES, AND THE NUMBER OF WORKFORCE CREDENTIALS AWARDED ANNUALLY. CHARITABLE INVESTMENTS HELP TO GROW RESOURCES THAT ADDRESS EQUITY GAPS IN SUCCESS AND COMPLETION, SUCH AS EXPANDING CAMPUS FOOD PANTRIES AND MAINTAINING A STUDENT EMERGENCY FUND TO COVER CRISIS EXPENSES. HELPING STUDENTS TO PREPARE FOR A CAREER AFTER COMPLETION IS A PRIORITY, THROUGH PAID INTERNSHIPS AND WORK READINESS GRANTS TO PURCHASE ESSENTIAL WORK TOOLS OR EQUIPMENT.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James B AronoffJAMES B ARONOFF
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Christopher D BartCHRISTOPHER D BART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael A Baston JD EdDMICHAEL A BASTON JD EDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gail A BowenGAIL A BOWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Micki ByrnesMICKI BYRNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Craig CantrallCRAIG CANTRALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shelly Cayette WestonSHELLY CAYETTE WESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul ClarkPAUL CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric ClouseERIC CLOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Edward CochranEDWARD COCHRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tony CostanzoTONY COSTANZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hannah DelisHANNAH DELIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven J DemetriouSTEVEN J DEMETRIOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terrell DillardTERRELL DILLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah V DonleyDEBORAH V DONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan EpsteinJONATHAN EPSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne FoleyWAYNE FOLEY
CHAIRPERSON, AUDIT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Helen Forbes Fields JDHELEN FORBES FIELDS JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan M FuehrerSUSAN M FUEHRER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron GrossmanAARON GROSSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle Hereford Msha RN FacheMICHELLE HEREFORD MSHA RN FACHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrea HogbenANDREA HOGBEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Monica JacksonMONICA JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason JonesJASON JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Louis G JosephLOUIS G JOSEPH
PAST CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Jim KeeneJIM KEENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas A KernDOUGLAS A KERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Catherine M KilbaneCATHERINE M KILBANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fred L KouryFRED L KOURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David KuntzDAVID KUNTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William LaceyWILLIAM LACEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Howard L LewisHOWARD L LEWIS
CHAIRPERSON, DEVELOPMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jason LucarelliJASON LUCARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cathy MacMillanCATHY MACMILLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shana F Marbury EsqSHANA F MARBURY ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeneen MarzianiJENEEN MARZIANI
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
James Merlino MDJAMES MERLINO MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyle MerrillKYLE MERRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen Miller PhDKAREN MILLER PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gloria J MoosmannGLORIA J MOOSMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kristine NeateKRISTINE NEATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Megan ObryanMEGAN OBRYAN
PRESIDENT, TRI-C FOUNDATION
- Total calculated
- $0
- Hours/week
- 2
-
Katherine T OneillKATHERINE T ONEILL
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Patrick M PastorePATRICK M PASTORE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Jon J Pinney EsqJON J PINNEY ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Theresa L PolachekTHERESA L POLACHEK
CHAIRPERSON, COMMITTEE ON DIRECTORS
- Total calculated
- $0
- Hours/week
- 2
-
Andrew E RandallANDREW E RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt RevilleMATT REVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gwen A RobinsonGWEN A ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas RussTHOMAS RUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel SaltzmanDANIEL SALTZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michele SchrockMICHELE SCHROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gregory J SkodaGREGORY J SKODA
VICE CHAIRPERSON, TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Matthew SmithMATTHEW SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy SterioKATHY STERIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel Y Talton DmRACHEL Y TALTON DM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin S ThomasKEVIN S THOMAS
CHAIRPERSON, FINANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Daniel A WeekleyDANIEL A WEEKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David W WhiteheadDAVID W WHITEHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vanessa L Whiting EsqVANESSA L WHITING ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lorna WishamLORNA WISHAM
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Margaret W Wong EsqMARGARET W WONG ESQ
DIRECTOR
- 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
-
CUYAHOGA COMMUNITY COLLEGE
$7,931,190
SCHOLARSHIPS & EDUCATIONAL DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430949349300213
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