Del Mar College Foundation Inc

“Form 990 financial information agrees with audited financial statements. The audit was presented to the full board for review and discussion by a representative of the audit firm. Form 990 is reviewed by director of development and/or assigned staff prior to presentation to executive committee and/or full board prior to filing.”

“Annual written statement from trustees and continuous monitoring by executive committee”

“These documents are made available upon request.”

“Del mar college foundation transforms students' lives and the area economy by helping students get the education they need to achieve their career and personal goals. Direct student support is a top priority and in 2024-2025, the foundation provided nearly $3 million to 1,441 students along with more than $166,969 to 594 students via emergency aid. Foundation scholars complete their individual programs at a higher rate compared to students with no additional financial support (24.1%) and even those with government financial aid (19.2%). Eighty-five to ninety percent (85-90%) of dmc students come from the local area with seventy-five (75%) remaining in the community. As students join the local workforce, the credentials they earn increase their earning potential, empowering them to become productive, contributing citizens. Their lives and the lives of their families are forever changed by the newfound prospect of financial stability. The foundation's goal is to provide the resources needed for all students to have the ability to achieve their educational goals. The foundation also takes an active role in raising funds to enhance educational programs including critical equipment for the health science programs, engineering technology, and driving simulators for transportation training program. The foundation regularly facilitates significant funding for high-demand program enhancements. The foundation manages assets of $40 million and administers more than 489 scholarship funds. An 18-member volunteer board of trustees representing a broad section of the community governs the foundation. Del mar college foundation, inc. Is a separate 501(c)3 non-profit organization. Del mar college (dmc) is a nationally recognized, locally focused community college that is a primary economic catalyst for the region. Program growth targets high demand fields that service the area's growing business and industry sectors, particularly in workforce programs where dmc is uniquely positioned to support our communities. Dmc serves a diverse population of adult learners, dual-credit students, and high school graduates seeking to grow in knowledge, skills, and career options. The college maintains an open-door policy to provide access to education for everyone and serves more than 20,000 learners each year in academic, career and technical, and continuing education courses. As a community college, dmc is in the top 2% of hispanic serving institutions in the nation reflecting its focus and support of the area's diverse population. Just as important is the menu of support services available to help first generation students and those struggling with financial insecurities succeed in their academic pursuits. With an area poverty level of 16.5%, more than half (51%) of dmc students received financial aid. That percentage jumps to 74% for minority students. In june 2021, dmc's accreditation was reaffirmed by the southern association of colleges and schools commission on colleges (sacscoc). The college offers over 110 associate degrees including 43 transfer programs, 10 teaching degrees and 61 technical degrees. In addition, dmc has 83 technical skills certificate programs to facilitate early entry into work force. In fall 2021, the college introduced the bachelors of science in nursing (bsn) as an expansion of its highly rated nursing program, responding to the area's critical nursing shortage. In fall 2024, the college introduced the bachelor of applied science in management and leadership (bas-oml), which provides a seamless pathway for over 55 two-year degree technical programs graduates to earn an accredited bachelor's degree. The music, drama, fine arts, paralegal and center for early learning programs are all nationally accredited, making dmc one of the few community colleges in the nation with such distinctions of excellence. The culinary arts program is nationally accredited too, giving its graduates the right to the title of "chef." the college has b”

“ROUNDING 1.”