Form 990 for tax year 2024

Filed by OAKLAND COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue: $1,131,493
Total expenses: $468,732
Contributions and grants received: $560,601
Grants paid: $417,712
Program service revenue: $0
Investment income: $570,892
Other revenue: $0
Total assets, end of year: $12,547,721
Total liabilities, end of year: $17,309
Net assets or fund balances, end of year: $12,530,412
Program services expenses (Part IX): $466,580
Management and general expenses: $2,152
Fundraising expenses: $0
Program service expenses (Part III): $466,580

Program services were 99.5% 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

$560,601
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $428,244 · excluded $428,244
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $380,686
7b · Less cost or other basis and sales expenses

securities $238,038
7c · Gain or loss

securities $142,648 · other assets $0
7d · Net gain or loss

total $142,648 · excluded $142,648
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $417,712 · program services $417,712
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Bank Service Charges

total $49,245 · program services $47,093 · management and general $2,152
24b · Other expenses: Office Expenses

total $1,775 · program services $1,775
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $217,180 · end of year $165,033
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

end of year $0
11 · Investments: publicly traded securities

beginning of year $10,970,403 · end of year $12,382,688
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $12,585 · end of year $0
22 · Loans and payables to officers and key people

end of year $0
25 · Other liabilities

beginning of year $1,516 · end of year $17,309
27 · Net assets without donor restrictions

beginning of year $6,460,176 · end of year $7,032,915
28 · Net assets with donor restrictions

beginning of year $4,738,476 · end of year $5,497,496

Mission and programs · 2024

Mission

The Mission of the Oakland Community College Foundation is to obtain financial support to advance the mission and goals of Oakland Community College

Activities or mission (Part I)

To improve equitable access to a quality education by connecting student and program needs to philanthropic support.

Provide scholarship and program support to benefit students of Oakland Community College.

Expenses $466,580 · Grants $417,712

As filed on the 2024 return.

Listed in Part VII

Don Schiemann

Secretary

Total calculated

$0

Hours/week

1
Jim O'Rilley

Treasurer

Total calculated

$0

Hours/week

1
Richard Berkfield

Chair

Total calculated

$0

Hours/week

1
Tom Kimble

Vice Chair

Total calculated

$0

Hours/week

1
Antoine Joubert

Director - PART YEAR

Total calculated

$11,322

From this org

$0

From related orgs

$8,756

Other

$2,566

Hours/week

1 + 13.5 related
Caroline Chambers

Director

Total calculated

$0

Hours/week

1
Ken Johnson

Director

Total calculated

$0

Hours/week

1
Lori Przymusinski MSN

Director

Total calculated

$0

Hours/week

1
Nicholas Abid DO

Director

Total calculated

$0

Hours/week

1
Peter Karadjoff

Director

Total calculated

$0

Hours/week

1
Randolph Ston

Director

Total calculated

$0

Hours/week

1
Vincent DeLeonardis

Director

Total calculated

$0

Hours/week

1
Christina Ayar

Vice Chancellor, Advancement

Total calculated

$230,720

From this org

$0

From related orgs

$162,215

Other

$68,505

Hours/week

24 + 16 related

Schedule J breakdown matched by us

Base

$0 + $162,215 related

Bonus

$0

Other

$0

Deferred

$0 + $44,197 related

Nontaxable benefits

$0 + $24,308 related

Filer's total

$0 + $230,720 related
Peter Provenzano

Director, Ex Officio

Total calculated

$607,903

From this org

$0

From related orgs

$487,169

Other

$120,734

Hours/week

10 + 30 related

Schedule J breakdown matched by us

Base

$0 + $487,169 related

Bonus

$0

Other

$0

Deferred

$0 + $95,401 related

Nontaxable benefits

$0 + $25,333 related

Filer's total

$0 + $607,903 related

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)

Schedule J, Part I, Line 3 COMPENSATION REVIEW: THE COMPENSATION REVIEW PROCESS AND METHODS USED TO ESTABLISH COMPENSATION FOR THE CHANCELLOR AND EXECUTIVE DIRECTOR ARE DETERMINED BY A RELATED ORGANIZATION, OAKLAND COMMUNITY COLLEGE.

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

Oakland Community College

$417,712

These grants are disbursed to the College to make scholarship awards based on the donors' established criteria outline in their MOA. The College uses an online scholarship software program to make these awards. During the year, a total of 552 scholarship awards were disbursed.

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.

Oakland Community College

115 · Higher Education · MI

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 29 April 2026
IRS schema version: 2024v5.1
Source object: 202601199349300315

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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