Las Positas College Foundation

EIN: 710942040 501(c)(3) Education

Livermore, CA

Total Revenue
$849,321
Total Expenses
$933,670
Total Assets
$10,143,069
Net Assets
$9,959,238
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
Kenneth Cooper
Phone
9254241010
Tax Period
2022-07-01 to 2023-06-30

Las Positas College Foundation, founded in 2003, is a small nonprofit in the Education sector that reported $849K in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $10.0M represent 141 months of operating reserves.

Mission

To support and advance the College and its students through active resource development and effective community partnerships.

Program Service Accomplishments

Program 1
Expenses: $718,133

The Foundation believes that affordable, high-quality education and career training are critical to the success of the Tri-Valley and its residents. Unfortunately, state funding often falls short of...

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The Foundation believes that affordable, high-quality education and career training are critical to the success of the Tri-Valley and its residents. Unfortunately, state funding often falls short of meeting critical student and program needs. Accordingly, the Members of the Board are dedicated to pursuing alternative support for the College through gifts, bequests, grants, and strategic partnerships with local businesses and organizations.The basic cost of a California community college education is a remarkable bargain for students wishing to prepare for transfer to a four-year institution or for those who want career technical instruction. Class fees for residents are just $46 per credit. However, the true actual and emotional costs of higher education must also include childcare, transportation, and lost work and family time. Far and away, the most easily quantified additional costs are for supplies, principally textbooks. A single textbook can cost over$100 and often exceeds $400. Sadly, these "extra" costs can force some students to attempt to take classes without a textbook or, worse, drop out of college. Making scholarships available to Las Positas College students is critical to their success. Each year, the Las Positas College Foundation makes grants available to students based on need and/or academic achievement. Scholarships are most often offered to any student who qualifies, but some are focused on special types of students. This includes re-entry, first-generation, STEM, and Veteran cohort groups.Beyond direct aid to students in the form of scholarships, The Las Positas College Foundation supports a broad array of programs that enhance the learning and collegiate experience of its students and the ability of faculty to be more effective. Examples of these other types of support are:Scholarships: One of the primary missions of the Foundation is to provide scholarships. To date almost $2 million has been awarded to deserving students. The largest endowed fund is comprised of the Mertes Scholarships for Performing Arts, Transfer, Allied Health, and Athletics. Teaching and Learning Initiatives:-Staff Development -Faculty Enriched Programs -Student Government Textbook Loaner Program-Continued support for Math Jam, Sandia Science Bowl, and collaboration with Umoja and Puente learning communities.Emerging Science Programs: -Sandia Science Bowl -Collaboration with Puente program STEM projects-Lawrence Livermore National Laboratories Internship Program for LPC Veteran StudentsAthletics:-Awarded $10,000 in scholarship awards to deserving male & female student-athletes on LPC Basketball teams Performing Arts: The Performing Arts Program and Las Positas College is supported by the Foundation through Cycle Grants and special fundraising, including a dedicated campaign for the college's All Steinway designation and assistance with a gala fundraising event. Scholarships are provided for performing arts students continuing their studies at LPC or transferring to a four-year college. Veteran Student Support: The Foundation strongly supports veterans enrolled at LPC. The Veterans Resource Center provides wrap-around services such as textbook and laptop programs, tutoring, scholarship assistance, counseling and help with jobs and housing. The Foundation assists with the coordination of the Cycling 4 Veterans event, raising over $60,000 for campus and community veteran support programs.Literary and Performing Arts:-LPC Express student newspaper -Campus and Community focused Literary Magazine, Anthology and Naked Magazine-Literary Arts Festival-Las Po Film Festival-Theater Performances of Drama, Dance and Music -Black History Month Programming and Activities-Award-winning Speech and Debate TeamTutoring: The award-winning LPC Math Jam program helps students reach their goals and is offered at no cost. The Foundation also supports the RAW Center, for student assistance in reading and writing. Textbook Assistance: The Foundation supports a free textbook rental program to help students reduce the cost of college attendance. Athletics: Two scholarships are designated for male and female students in the basketball program. The Foundation also assists the department with fundraising infrastructure needs.Teaching and Learning Initiatives: The Foundation provides funding for innovative teaching and learning projects to the faculty and staff of Las Positas College. These Grants provide support for student success, teaching and learning effectiveness, and campus community development.Diversity, Inclusion and Anti-Racism Efforts:The Foundation continues to partner with the College President's Office on the President's Speaker Series. In 2023/24, the series served as an integral part of the campus' strategic efforts related to diversity, inclusion, anti-racism, and caring campus initiatives. Support for Students with Children: The Foundation provides scholarships for children of Las Positas College students to attend the LPC Early Childhood Development Center. Parents can reach their educational goals knowing their children are in a high-quality preschool program.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $461,938
Program Service Revenue $0
Investment Income $387,383
Other Revenue $0
TOTAL REVENUE $849,321

Expense Breakdown

Grants Paid $413,479
Salaries & Benefits $183,298
Fundraising Expenses $55,930
Program Expenses $718,133
Other Expenses $336,893
TOTAL EXPENSES $933,670

Year-over-Year Comparison

2022 2021 Change
Revenue $849,321 $1,130,500 -0.2%
Expenses $933,670 $816,026 +0.1%
Net Income $-84,349 $314,474 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
15

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
5
$176,227
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Lanza Chair 2.00
Officer Director
$0 $0 $0
Lori Souza Immediate Past Chair 2.00
Officer Director
$0 $0 $0
Charles Crohare Treasurer 2.00
Officer Director
$0 $0 $0
Dyrell Foster Secretary 2.00
Officer Director
$0 $0 $0
Gavin Shea Director 2.00
Director
$0 $0 $0
Lynn Seppala Director 1.00
Director
$0 $0 $0
Jim Ott Director 2.00
Director
$0 $0 $0
Beth McCormick Director 1.00
Director
$0 $0 $0
Kirsten Barranti Director 1.00
Director
$0 $0 $0
Barry Russell Director 1.00
Director
$0 $0 $0
Cynthia Ross Director 1.00
Director
$0 $0 $0
Timothy Cooper Director 1.00
Director
$0 $0 $0
Monica Davila Director 1.00
Director
$0 $0 $0
Michelle Walker-Wade Director 1.00
Director
$0 $0 $0
Anette Raichbart Director 1.00
Director
$0 $0 $0
Kenneth Cooper Executive Director 40.00
Officer
$51,325 $15,665 $176,227
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 No data No data No data No data
2023 $849,321 $933,670 $10,143,069 $-84,349
2022 $1,130,500 $816,026 $9,751,542 $314,474
2021 $804,644 $868,783 $11,176,341 $-64,139
2020 $1,371,679 $529,622 $8,237,835 $842,057
2019 $1,147,473 $1,199,396 $8,642,106 $-51,923
2018 $800,018 $571,314 $9,045,702 $228,704
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