Civic Intelligence

Columbia College Foundation

990 • Fiscal year 2015 • EIN 23-7306390

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 07, 2016

11600 Columbia College DriveSonora, CA 95370

(209) 588-5055

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.09x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$212,054

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 108.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

64th percentile

5.2%

Faster asset growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,226,044

Up $60,731 (+5.2%) from 2014

Net Assets

Up

$1,209,336

Up $55,573 (+4.8%) from 2014

Liabilities

Up

$16,708

Up $5,158 (+45%) from 2014

Revenue

Up

$196,247

Up $46,658 (+31%) from 2014

Expenses

Up

$157,320

Up $41,354 (+36%) from 2014

Net Income

Up

$38,927

Up $5,304 (+16%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $653,431Liabilities 2010: $3,598Net Assets 2010: $649,8332010Assets 2011: $885,751Liabilities 2011: $8,679Net Assets 2011: $877,0722011Assets 2012: $937,851Liabilities 2012: $20,020Net Assets 2012: $917,8312012Assets 2013: $1,027,822Liabilities 2013: $24,735Net Assets 2013: $1,003,0872013Assets 2014: $1,165,313Liabilities 2014: $11,550Net Assets 2014: $1,153,7632014Assets 2015: $1,226,044Liabilities 2015: $16,708Net Assets 2015: $1,209,3362015Assets 2016: $1,295,869Liabilities 2016: $7,768Net Assets 2016: $1,288,1012016Assets 2017: $3,473,659Liabilities 2017: $84,074Net Assets 2017: $3,389,5852017Assets 2018: $4,066,380Liabilities 2018: $75,708Net Assets 2018: $3,990,6722018Assets 2019: $4,301,454Liabilities 2019: $6,419Net Assets 2019: $4,295,0352019Assets 2020: $4,378,636Liabilities 2020: $33,499Net Assets 2020: $4,345,1372020Assets 2021: $5,439,388Liabilities 2021: $38,556Net Assets 2021: $5,400,8322021Assets 2022: $5,047,442Liabilities 2022: $53,911Net Assets 2022: $4,993,5312022Assets 2023: $5,716,835Liabilities 2023: $17,692Net Assets 2023: $5,699,1432023Assets 2024: $6,395,341Liabilities 2024: $237,627Net Assets 2024: $6,157,7142024

Highlighted filing

2015

Assets$1,226,044
Liabilities$16,708
Net Assets$1,209,336

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $174,794Expenses 2010: $54,918Net Income 2010: $119,8762010Expenses 2011: $56,5762011Expenses 2012: $66,6302012Expenses 2013: $147,8432013Revenue 2014: $149,589Expenses 2014: $115,966Net Income 2014: $33,6232014Revenue 2015: $196,247Expenses 2015: $157,320Net Income 2015: $38,9272015Revenue 2016: $272,055Expenses 2016: $196,255Net Income 2016: $75,8002016Revenue 2017: $2,339,942Expenses 2017: $238,458Net Income 2017: $2,101,4842017Revenue 2018: $885,035Expenses 2018: $283,948Net Income 2018: $601,0872018Revenue 2019: $585,136Expenses 2019: $280,773Net Income 2019: $304,3632019Revenue 2020: $405,614Expenses 2020: $355,512Net Income 2020: $50,1022020Revenue 2021: $1,533,210Expenses 2021: $477,515Net Income 2021: $1,055,6952021Revenue 2022: -$40,797Expenses 2022: $366,504Net Income 2022: -$407,3012022Revenue 2023: $1,118,463Expenses 2023: $412,851Net Income 2023: $705,6122023Revenue 2024: $469,873Expenses 2024: $779,395Net Income 2024: -$309,5222024

Highlighted filing

2015

Revenue$196,247
Expenses$157,320
Net Income$38,927
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 7, 2016
Return Version
2014v6.0
Gross Receipts
$211,481
Mission and Program Overview

Mission

To promote student success by providing community resources that support and expand educational opportunities for columbia college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$897,921$996,575▲ $98,654
Cash and Non-Interest-Bearing Accounts$184,901$146,762▼ $38,139
Accounts Receivable$0$216▲ $216
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,165,313$1,226,044▲ $60,731
Other Assets Total$82,491$82,491→ $0
Liabilities
Other Liabilities$7,878$16,708▲ $8,830
Accounts Payable and Accrued Expenses$3,672$0▼ $3,672
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,550$16,708▲ $5,158
Net Assets / Fund Balance
Temporarily Rstr Net Assets$747,217$788,065▲ $40,848
Permanently Rstr Net Assets$296,432$296,432→ $0
Unrestricted Net Assets$110,114$124,839▲ $14,725
Total Net Assets Fund Balance$1,153,763$1,209,336▲ $55,573
Total Liabilities and Net Assets / Fund Balance$1,165,313$1,226,044▲ $60,731

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$10,850--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$447,266$133,447▲ $19,860$54,450$439,330
2013$829,787$140,320▲ $109,510$549,191$447,266
2012$780,925$139,837▲ $63,615$66,080$829,787
2011$762,628$63,870▲ $23,655$27,786$780,925
2010$563,266$145,697▲ $98,041-$762,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
-Vice PresidentPT$4,096$4,096

Board Members and Trustees

NameTitle
-Board President
-Vice President, Admin Services
-Board Secretary
-Director
-Former Director
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$198,333
Program Service Revenue
$0
Investment Income
$6,073
Other Revenue
$-8,159
All Other Contributions
$172,618
Change in Net Assets
$38,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$211,481
Revenue Not Reported on Financial Statements
$-15,234
Revenue Not Reported on Form 990
$14,472
Other Revenue Adjustments
$-15,234
Total Revenue per Audited Statements
$225,953
Total Revenue per Form 990
$196,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,118
Other Expenses$33,202
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$99,718--$99,718
Grants to Domestic Orgs$24,400--$24,400
All Other Expenses$0$6,669$0$6,669
Fees for Service Investment Mgmnt Fees$0$6,340$0$6,340
Office Expenses$1,189$3,091$0$4,280
Fees for Services Other$0$3,695$0$3,695
Advertising$0$2,945$0$2,945
Information Technology$0$2,000$0$2,000
Insurance$0$1,378$0$1,378
Other Expenses$0$586$0$586
Total Functional Expenses$130,616$26,704$0$157,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$170,380
Total Expenses per Form 990$157,320
Expenses per Audited Statements$155,146
Expenses Not Reported on Form 990$15,234
Expenses Not Reported on Financial Statements$2,174
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,234
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Columbia Wine Tasting$25,715$0$11,743$-11,743
Event 2-$0-$0
Total Events$25,715$0$15,234$-15,234
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Yosemite Community College District$16,708
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION

THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS. THEREFORE, THIS QUESTION HAS BEEN intentionally MARKED NO.

Form 990, Part VI, Line 11B Review of form 990 by governing body

A copy of the form 990 is provided to the board via email. The form 990 is also reviewed by the college and foundation staff before it is filed.

Form 990, Part VI, Line 12C Conflict of interest policy

ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE THAT IS MAINTAINED IN THE FOUNDATION OFFICE. THE BOARD SECRETARY IS RESPONSIBLE FOR OVERSEEING THAT THIS PROCESS IS ADEQUATELY FOLLOWED BY FOUNDATION STAFF. ALL NEW BOARD MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE UPON JOINING THE BOARD AS PART OF THEIR INTRODUCTORY PACKETS. IN ADDITION, BOARD AGENDAS NOW INCLUDE A STATEMENT REMINDING DIRECTORS THAT IT IS THEIR RESPONSIBILITY TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE GIVEN THE ITEMS LISTED IN THE AGENDA. In the instance of a potential conflict of interest, an interested person must fully disclose all material facts regarding his or her financial or ethical interest and must be given the opportunity to disclose this information to the staff and Board members considering the proposed transaction or arrangement. After full disclosure of the interest and all material facts relating to it, and after any discussion with the staff member or Board of Directors regarding the interest, the affected staff or Board member shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining disinterested Board or Committee members shall decide if a conflict exists. If a Board member discloses an interest and the Board or one of its committees determines a conflict of interest exists, the following procedures shall be followed in regard to the transaction involving the conflict: a. The Interested Board member shall abstain from voting on the matter in which the conflict of interest exists. b. The Board President or Committee Chairperson may, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Board of Directors or appropriate committee shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the Board of Directors or appropriate committee shall determine by a majority vote of the disinterested Board Members whether the transaction or arrangement involving the conflict of interest is just and reasonable and in the Foundation's best interest. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public through the organization's website and upon request to the foundation office.

Filing and Contact Details

Filer

Filer Name
Columbia College Foundation
EIN
23-7306390
Phone
2095885055
Address
11600 COLUMBIA COLLEGE DRIVE, SONORA, CA 95370

Signing Officer

Name
Brian Sanders
Title
Interim VP of College & Admin Srvce
Signed
2016-03-07
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
Crowe Horwath Llp
Address
400 Capitol Mall, Suite 1400, Sacramento, CA 95814-4434
Preparer
Nicole Bencik
Phone
9164411000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 1E Endowment Adjustment

The amount on Line 1e includes a one-time adjustment to the audited financial statements. This is in the 2013 column.

Schedule D, Part III, Line 4 Collections of art - description of collections

The foundation's vision is to promote quality higher education that enriches the academic, economic, and cultural life of our community by holding and exhibiting art collections at the college campus. The foundation is assisting students and other members of the public to gain exposure to cultural and artistic collections.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The foundation participated in a statewide scholarship fundraising campaign, the osher scholarship initiative. Funds raised by the foundation were transferred to the foundation for california community colleges (fccc), who administers the california scholarship endowment on behalf of all participating college foundations. The foundation entered into an agreement with fccc for this purpose, allowing us to access matching funds from the osher foundation for funds we raised. The foundation has adopted an investment for endowment assets that attempts to provide a predictable stream of funding to programs supported by its endowment.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Foundation has been classified as an organization that is not a private foundation under Section 509(a)(2). The Foundation has not entered into any activities that would jeopardize its tax-exempt status. Accordingly, no provision for income taxes is required. The Foundation files exempt organization returns in the U.S. federal and California jurisdictions. The federal returns for tax years 2011 and beyond, and the California returns for tax years 2010 and beyond, remain subject to examination by the taxing authorities. The Foundation adopted FASB ASC 740, Income Taxes, which clarifies the accounting for uncertainty in income taxes recognized in the Foundation's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on derecognition and measurement of a tax position taken or expected to be taken in a tax return. The Foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Interest and penalties on tax assessments are classified as income tax expense when incurred. For the years ended June 30, 2015 and 2014, the Foundation did not incur any interest or penalties.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Investment Fees - -2174

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Fundraising Expenses - -15234

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising Expenses - 15234

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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13Frank D Hodges
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14Gary Whitfield
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Former Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice President, Admin Services
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IRS990/LocalChaptersInd0false
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IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPORT
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IRS990/OtherExpensesGrp/TotalAmt2586
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0296432
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Brian Sanders

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.40$0.24$6.16$0.47$0.78$0.31
2023Detailed filing. Detailed filing data is available for this year.$5.72$0.02$5.70$1.12$0.41$0.71
2022Detailed filing. Detailed filing data is available for this year.$5.05$0.05$4.99$0.04$0.37$0.41
2021Detailed filing. Detailed filing data is available for this year.$5.44$0.04$5.40$1.53$0.48$1.06
2020Detailed filing. Detailed filing data is available for this year.$4.38$0.03$4.35$0.41$0.36$0.05
2019Detailed filing. Detailed filing data is available for this year.$4.30$0.01$4.30$0.59$0.28$0.30
2018Detailed filing. Detailed filing data is available for this year.$4.07$0.08$3.99$0.89$0.28$0.60
2017Detailed filing. Detailed filing data is available for this year.$3.47$0.08$3.39$2.34$0.24$2.10
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$0.27$0.20$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.02$1.21$0.20$0.16$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.15$0.15$0.12$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.02$1.00$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.02$0.92$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.01$0.88$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.17$0.05$0.12