PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION

EIN: 222137361 501(c)(3)

PATERSON, NJ

Total Revenue
$936,478
Total Expenses
$745,611
Total Assets
$7,405,426
Net Assets
$5,209,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NJ
Principal Officer
DEBORAH S HOFFMAN
Phone
9736845217
Tax Period
2023-07-01 to 2024-06-30

PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION, founded in 1976, is a small nonprofit that reported $936K in total revenue in fiscal year 2023. The organization ran a surplus of $191K, a strong 20% operating margin.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP SUPPORT FOR PASSAIC COUNTY COMMUNITY COLLEGE STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $510,165

PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION AWARDS SCHOLARSHIPS TO ASSIST STUDENTS AT PASSAIC COUNTY COMMUNITY COLLEGE.

Program 2
Expenses: $81,365

LITERACY TRAINING - PROVIDES LITERACY TRAINING TO PARENTS OF CHILDREN IN PRE-SCHOOL PROGRAMS SO PARENTS CAN COMMUNICATE MORE EFFECTIVELY WITH THEIR CHILDREN AND THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $387,584
Program Service Revenue $0
Investment Income $264
Other Revenue $548,630
TOTAL REVENUE $936,478

Expense Breakdown

Grants Paid $510,165
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $591,530
Other Expenses $235,446
TOTAL EXPENSES $745,611

Year-over-Year Comparison

2023 2022 Change
Revenue $936,478 $912,682 +0.0%
Expenses $745,611 $408,416 +0.8%
Net Income $190,867 $504,266 -0.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH S HOFFMAN Chair. 0.00
Officer Director
$0 $0 $0
GARLAND COLLINS Vice Chair. 0.00
Officer Director
$0 $0 $0
DR STEVE M ROSE Treasurer 0.00
Officer Director
$0 $0 $0
TODD SORBER Secretary 0.00
Officer Director
$0 $0 $0
STEVEN COPPA Trustee 0.00
Director
$0 $0 $0
RAFAEL CUELLAR Trustee 0.00
Director
$0 $0 $0
HARRY B GOURLEY Trustee 0.00
Director
$0 $0 $0
DR JAQUELINE KINEAVY Trustee/VP Acad 0.00
Director
$0 $0 $0
MERILLE SIEGEL Trustee 0.00
Director
$0 $0 $0
EDWARD FARMER Trustee 0.00
Director
$0 $0 $0
JAMES DYKES Trustee 0.00
Director
$0 $0 $0
EBRU KUSCAN-AGUIRRE Trustee 0.00
Director
$0 $0 $0
MATTHEW BARISO Trustee 0.00
Director
$0 $0 $0
STEVEN GERBER Trustee 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $936,478 $745,611 $7,405,426 $190,867
2023 $912,682 $408,416 $6,555,920 $504,266
2022 $957,960 $392,314 $5,792,767 $565,646
2021 $924,667 $464,367 $5,502,783 $460,300
2020 $1,022,905 $1,119,421 $5,304,703 $-96,516
2019 $745,899 $849,186 $5,649,052 $-103,287
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