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← COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION

Form 990 for tax year 2022

Filed by COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION.

Totals

Total revenue
$4,730,841
Total expenses
$3,988,856
Contributions and grants received
$4,340,285
Grants paid
$3,864,287
Program service revenue
$0
Investment income
$437,093
Other revenue
-$46,537
Total assets, end of year
$20,733,400
Total liabilities, end of year
$1,782,685
Net assets or fund balances, end of year
$18,950,715
Program services expenses (Part IX)
$3,864,287
Management and general expenses
$124,569
Fundraising expenses
$0
Program service expenses (Part III)
$3,864,287

Program services were 96.9% 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

    $658,935

  • 1f · All other contributions, gifts and grants

    $3,681,350

  • 1g · Noncash contributions included above

    $387,071

  • 3 · Investment income

    total $437,093 · excluded $437,093

  • 8a · Fundraising events: gross income

    $69,150

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

    $658,935

  • 8b · Fundraising events: direct expenses

    $115,687

  • 8c · Net income from fundraising events

    total -$46,537 · excluded -$46,537

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,160,463 · program services $2,160,463

  • 2 · Grants to domestic individuals

    total $1,703,824 · program services $1,703,824

  • 11f · Fees: investment management

    total $33,144 · management and general $33,144

  • 11g · Fees: other

    total $4,520 · management and general $4,520

  • 12 · Advertising and promotion

    total $74,737 · management and general $74,737

  • 13 · Office expenses

    total $1,198 · management and general $1,198

  • 24a · Other expenses: HOSPITALITY

    total $9,836 · management and general $9,836

  • 24b · Other expenses: AWARDS

    total $1,134 · management and general $1,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,474,669 · end of year $3,449,807

  • 2 · Savings and temporary cash investments

    beginning of year $2,098,728 · end of year $2,645,698

  • 3 · Pledges and grants receivable

    beginning of year $5,619 · end of year $4,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,250 · 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

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,248,408 · end of year $14,633,054

  • 12 · Investments: other securities

    beginning of year $2,344 · end of year $247

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,467 · end of year $620,364

  • 19 · Deferred revenue

    beginning of year $769,542 · end of year $1,122,297

  • 25 · Other liabilities

    beginning of year $39,519 · end of year $40,024

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,776,490 · end of year $18,950,715

Mission and programs · 2022

Mission

THE COMMUNITY COLLEGE OF PHILADELPHIA (CCP) FOUNDATION ENHANCES AND ENRICHES THE EDUCATIONAL EXPERIENCES OF COMMUNITY COLLEGE OF PHILADELPHIA STUDENTS BY PROVIDING EXTERNAL RESOURCES TO SUPPORT THE COLLEGE'S MISSION. AS THE PRIVATE FUND... (CONT'D ON SCHEDULE O)DEVELOPMENT ARM OF THE COLLEGE, THE FOUNDATION SUPPORTS THE COLLEGE'S MISSION BY BRINGING TOGETHER COMMUNITY LEADERS WHO WILL SERVE AS AMBASSADORS OF THE COLLEGE, BROADENING THE COLLEGE'S IMAGE WITHIN THE COMMUNITY. THE FOUNDATION SERVES THE COLLEGE BY CREATING PARTNERSHIPS WITH INDIVIDUALS, BUSINESSES, ORGANIZATIONS AND FOUNDATIONS TO RAISE PRIVATE GIFTS FOR SCHOLARSHIPS, STUDENT SUCCESS PROGRAMMING AND INITIATIVES, INSTRUCTIONAL EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND CAPITAL NEEDS OF THE COLLEGE.

Activities or mission (Part I)

RAISING PHILANTHROPIC FUNDS TO SUPPORT THE COLLEGE, ITS STUDENTS, PROGRAMS AND INITIATIVES.

  • GRANTS TO SUPPORT STUDENT AND FACULTY PROGRAMS AND OTHER SPECIAL PROJECTS AT COMMUNITY COLLEGE OF PHILADELPHIA. THESE INCLUDE STUDENT SUCCESS AND SUPPORT INITIATIVES, FACULTY SUPPORT, AND COMMUNITY ENGAGEMENT, INCLUDING A SMALL BUSINESS TRAINING PROGRAM.

    Expenses $2,160,463 · Grants $2,160,463

  • SCHOLARSHIPS, EMERGENCY FUNDS, AND AWARDS TO COMMUNITY COLLEGE OF PHILADELPHIA STUDENTS. APPROXIMATELY 1,250 STUDENTS WERE AWARDED FUNDING TO OFFSET THE COSTS OF TUITIONS, FEES, TEXTBOOKS, AND OTHER EDUCATIONAL EXPENSES PROVIDE SUPPORT FOR BASIC NEEDS.

    Expenses $1,703,824 · Grants $1,703,824

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nedia S Ralston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Priya Roy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael D Soileau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Talib Ellison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mia Fioravanti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremaih White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Heim

    DIRECTOR (THRU 02/2023)

    Total calculated
    $0
    Hours/week
    1

  • Gerald Jones

    DIRECTOR (THRU 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • Sulaiman Rahman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Don Kligerman

    DIRECTOR (THRU 06/2023)

    Total calculated
    $0
    Hours/week
    1

  • Shelton Mercer III

    DIRECTOR (THRU 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • Jill Michal

    DIRECTOR (THRU 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • Yvette Nunez

    DIRECTOR (THRU 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • Mark Silow

    DIRECTOR (THRU 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • Rasheia R Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Timothy N Spreitzer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ellyn Jo Waller

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Nick Bayer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorina L Marshall-Blake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deana Gamble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ina Lipman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney McLeod

    DIRECTOR (BEG 02/2023)

    Total calculated
    $0
    Hours/week
    1

  • Andrea Lawful-Sanders

    DIRECTOR (BEG 02/2023)

    Total calculated
    $0
    Hours/week
    1

  • Mellissia Zanjani

    EXECUTIVE DIRECTOR

    Total calculated
    $220,777
    From this org
    $0
    From related orgs
    $173,880
    Other
    $46,897
    Hours/week
    25 + 13 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,880 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,199 related
    Nontaxable benefits
    $0 + $29,698 related
    Filer's total
    $0 + $220,777 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)

PART 1, LINE 3
THE FOUNDATION RELIES ON A METHOD OF ESTABLISHING COMPENSATION USED BY A RELATED ORGANIZATION (COMMUNITY COLLEGE OF PHILADELPHIA) TO ESTABLISH, PROVIDE, AND MONITOR COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR IS THE EMPLOYEE OF THE COLLEGE, AND THE FOUNDATION RELIES ON THE COLLEGE TO ENSURE THAT COMPENSATION IS FAIR AND REASONABLE BASED ON THE JOB DESCRIPTION AS WELL AS THAT COMPENSATION REPORTING (I.E. FORM W-2) IS CORRECT FOR FEDERAL, STATE AND LOCAL TAX PURPOSES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

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

  • COMMUNITY COLLEGE OF PHILADELPHIA

    $2,100,463

    PROGRAM SUPPORT

  • COMMUNITY COLLEGE OF PHILADELPHIA

    $60,000

    PROGRAM SUPPORT - COMMUNICATIONS DEPARTMENT

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CCP DEVELOPMENT LLC

    RE DEVELOPMENT · PA

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202420289349300402

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