Civic Intelligence

Cochise College Foundation

990 • Fiscal year 2014 • EIN 86-0211414

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

4190 W Hwy 80Douglas, AZ 85607

(520) 417-4100

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

30th percentile

$77,092

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

85th percentile

22%

Faster asset growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-11%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,027,341

Up $4,107,231 (+83%) from 2010

Net Assets

Up

$9,010,065

Up $4,111,694 (+84%) from 2010

Liabilities

Down

$17,276

Down $4,463 (-21%) from 2010

Revenue

$1,653,719

No earlier filing loaded for comparison.

Expenses

Up

$767,281

Up $230,986 (+43%) from 2010

Net Income

$886,438

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $4,920,110Liabilities 2010: $21,739Net Assets 2010: $4,898,3712010Assets 2014: $9,027,341Liabilities 2014: $17,276Net Assets 2014: $9,010,0652014Assets 2015: $10,667,988Liabilities 2015: $14,826Net Assets 2015: $10,653,1622015Assets 2016: $11,351,451Liabilities 2016: $296,552Net Assets 2016: $11,054,8992016Assets 2017: $12,289,595Liabilities 2017: $293,087Net Assets 2017: $11,996,5082017Assets 2018: $12,851,772Liabilities 2018: $284,036Net Assets 2018: $12,567,7362018Assets 2019: $13,405,284Liabilities 2019: $269,772Net Assets 2019: $13,135,5122019Assets 2020: $14,494,707Liabilities 2020: $240,047Net Assets 2020: $14,254,6602020Assets 2021: $17,782,000Liabilities 2021: $252,823Net Assets 2021: $17,529,1772021Assets 2022: $21,108,748Liabilities 2022: $207,270Net Assets 2022: $20,901,4782022

Highlighted filing

2014

Assets$9,027,341
Liabilities$17,276
Net Assets$9,010,065

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $536,2952010Revenue 2014: $1,653,719Expenses 2014: $767,281Net Income 2014: $886,4382014Revenue 2015: $2,523,408Expenses 2015: $880,311Net Income 2015: $1,643,0972015Revenue 2016: $1,413,266Expenses 2016: $1,011,529Net Income 2016: $401,7372016Revenue 2017: $1,560,439Expenses 2017: $618,830Net Income 2017: $941,6092017Revenue 2018: $1,843,065Expenses 2018: $1,271,836Net Income 2018: $571,2292018Revenue 2019: $1,112,610Expenses 2019: $1,078,256Net Income 2019: $34,3542019Revenue 2020: $1,534,550Expenses 2020: $950,384Net Income 2020: $584,1662020Revenue 2021: $4,357,609Expenses 2021: $1,081,604Net Income 2021: $3,276,0052021Revenue 2022: $4,556,497Expenses 2022: $1,184,196Net Income 2022: $3,372,3012022

Highlighted filing

2014

Revenue$1,653,719
Expenses$767,281
Net Income$886,438
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$4,256,902
Mission and Program Overview

Mission

Cochise college foundation promotes student success through scholarships, facilities development, and program support.

By promoting student success through scholarships, facilities development, and program support, the foundation endeavors to increase Cochise College's accessibility to our diverse and changing communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,291,067$3,547,618▲ $1,256,551
Investments Other Securities$3,249,657$3,266,414▲ $16,757
Investments Program Related$1,186,409$1,404,695▲ $218,286
Savings and Temporary Cash Investments$343,582$506,849▲ $163,267
Cash and Non-Interest-Bearing Accounts$254,655$255,571▲ $916
Land, Buildings, and Equipment, Net$46,194$46,194→ $0
Total Assets$7,371,564$9,027,341▲ $1,655,777
Liabilities
Escrow Account Liability$32,131$17,276▼ $14,855
Total Liabilities$32,131$17,276▼ $14,855
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,592,159$5,736,477▲ $1,144,318
Permanently Rstr Net Assets$1,905,183$2,624,285▲ $719,102
Unrestricted Net Assets$842,091$649,303▼ $192,788
Total Net Assets Fund Balance$7,339,433$9,010,065▲ $1,670,632
Total Liabilities and Net Assets / Fund Balance$7,371,564$9,027,341▲ $1,655,777

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,404,695--
Land$46,194--
Other Securities$3,266,414--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$5,257,327$766,709▲ $875,960$235,009$6,664,987
2013$5,087,053$66,676▲ $387,664$284,066$5,257,327
2012$4,820,203$49,219▲ $471,348$253,717$5,087,053
2011$4,359,615$109,381▲ $536,177$184,970$4,820,203
2010$3,956,143$1,103,691▼ $160,366-$4,899,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise HoyosExecutive DirectorPT$71,113$5,979$77,092

Board Members and Trustees

NameTitle
Jan GuyPresident
Gail ZamarVice President
Charles ChambersDirector
Cindy HayostekDirector
Dan RehurekDirector
Gene ManringDirector
Jean GiuffridaDirector
Karen JusticeDirector
Ruben TeranDirector
Yolanda AndersonDirector
J D RottweilerEx-Officio
Bob StrainSecretary
Mark E BattagliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,331,648
Program Service Revenue
$0
Investment Income
$322,071
Other Revenue
$0
All Other Contributions
$1,154,122
Change in Net Assets
$886,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,641,096
Revenue Not Reported on Financial Statements
$12,623
Revenue Not Reported on Form 990
$784,194
Total Revenue per Audited Statements
$2,425,290
Total Revenue per Form 990
$1,653,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$496,293
Salaries, Compensation, and Employee Benefits$171,618
Other Expenses$99,370
Total Fundraising Expense$14,178
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$294,550--$294,550
Grants to Domestic Orgs$201,743--$201,743
Other Salaries and Wages-$171,618-$171,618
Fees for Services Accounting-$28,731-$28,731
Fees for Service Investment Mgmnt Fees-$12,623-$12,623
Office Expenses-$10,177-$10,177
Fees for Services Other-$5,315-$5,315
Occupancy-$3,923-$3,923
Other Expenses-$3,551$14,178$3,551
Conferences and Meetings-$2,193-$2,193
Insurance-$2,005-$2,005
All Other Expenses-$1,516-$1,516
Total Functional Expenses$496,293$256,810$14,178$767,281

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$767,281
Expenses per Audited Statements$754,658
Total Expenses per Audited Statements$754,658
Expenses Not Reported on Financial Statements$12,623
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
86-0183151-Public CollegeSpecial Prog$201,743
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Management duties delegation Part VI line 3

Cochise College provides management and administrative services to the foundation without charge.

Form 990 governing body review Part VI line 11

Form 990 is prepared by an outside accounting firm. Officers and committee members of The Cochise College Foundation board of directors review a draft of the form 990, obtain answers to questions or suggest revisions, and then make a recommendation to approve to the full board prior to filing the return.

Conflict of interest policy compliance Part VI line 12C

The organization has adopted a conflict of interest policy to prevent board members and staff from participating in thier official capacities in any decisions in which they or their relatives might derive substantial monetary or proprietary benefit.The organization's board members and staff who have sa supstantial interest in any contract, sale, purchase of service to the foundation shall make known such interest by filing a disclosure statement. A board member or staff person disclosing such an interest shall refrain from voting upon or otherwise participating in any manner in such a decision, contract, sale, purchase, or service.

Governing documents etc available to public Part VI line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

EIN
86-0211414

Signing Officer

Name
Denise Hoyos
Title
Executive Direc
Signed
2015-02-05
Discuss with paid preparer
No

Organization Details

Formed
1967
Legal Domicile
Az
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Preparer
Monika Patience CPA
Phone
5204323530
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Net Unrealized gains on Investments:

Financial Statement Notes

Escrow account liability (Part IV, line 2B)

Part 1V line 2B, The foundation holds scholarship deposits on behalf of others

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IRS990/MissionDesc0By promoting student success through scholarships, facilities development, and program support, the foundation endeavors to increase Cochise College's accessibility to our diverse and changing communities.
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IRS990/OtherExpensesGrp/Desc2property and income tax wh
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IRS990/ProgSrvcAccomActy2Grp/Desc0The organization provides financial support to Cochise College's academic programs in a variety of areas. Typically, these funds are used for equipment, supplies, and instructional or academic/extracurricular program support. During the current fiscal year, the foundation provided funding in support of adult education, art, athletics, avaiation, creative writing, high school student enrollment, library, music,rodeo, and tutoring.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Part 1V line 2B, The foundation holds scholarship deposits on behalf of others
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0Public College
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Special Prog
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Cochise College

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