FOUNDATION FOR A COLLEGE EDUCATION

EIN: 770401635 501(c)(3) Education

EAST PALO ALTO, CA

Total Revenue
$1,881,796
Total Expenses
$1,888,201
Total Assets
$5,149,797
Net Assets
$4,229,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CA
Principal Officer
ELIZABETH WELLS
Phone
6503225048
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR A COLLEGE EDUCATION, founded in 1995, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $4.2M represent 27 months of operating reserves.

Mission

FCE'S MISSION IS TO INCREASE THE NUMBER OF FIRST-GENERATION, LOW-INCOME STUDENTS OF COLOR FROM EAST PALO ALTO, CA AND SURROUNDING COMMUNITIES WHO GRADUATE WITH A DEGREE FROM A FOUR-YEAR COLLEGE OR UNIVERSITY. FCE WAS FOUNDED OUT OF A DESIRE TO IMPROVE THE SOCIAL AND ECONCOMIC CONDITIONS OF EAST PALO RESIDENTS. FCE'S BELIEF WAS EDUCATION IS A POWREFUL TOOL FOR THE INDIVIDUAL, FAMILY AND 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 (2024)

Revenue Breakdown

Contributions & Grants $870,875
Program Service Revenue $0
Investment Income $0
Other Revenue $1,010,921
TOTAL REVENUE $1,881,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $977,628
Fundraising Expenses $218,056
Program Expenses $1,300,375
Other Expenses $910,573
TOTAL EXPENSES $1,888,201

Year-over-Year Comparison

2024 2023 Change
Revenue $1,881,796 $3,750,763 -0.5%
Expenses $1,888,201 $1,964,036 0.0%
Net Income $-6,405 $1,786,727 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
9
Volunteers
25

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
$0
Total Directors
20
$0
Key Employees
1
$180,200
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLY WILLIG BOARD MEMBER 2.00
Director
$0 $0 $0
JANICE BRODY BOARD MEMBER 2.00
Director
$0 $0 $0
MARY PISHNY BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS ANDREWS BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE RUBIN BOARD MEMBER 2.00
Director
$0 $0 $0
JOYCE LATU-FAHAMOKIOA BOARD MEMBER 2.00
Director
$0 $0 $0
LEIGH WINTER MARTIN BOARD MEMBER 2.00
Director
$0 $0 $0
MARISSA MCGEE BOARD MEMBER 2.00
Director
$0 $0 $0
RACHEL BOYCE BOARD MEMBER 2.00
Director
$0 $0 $0
PAUL J COLLINS BOARD MEMBER 2.00
Director
$0 $0 $0
LEILA JERE CHAIRMAN 4.00
Officer Director
$0 $0 $0
PAUL RESNICK TREASURER 4.00
Officer Director
$0 $0 $0
DEVIN GAINES VICE CHAIR 2.00
Officer Director
$0 $0 $0
NADIA JOHNSON SECRETARY 2.00
Officer Director
$0 $0 $0
JOSE GUTIERREZ BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS OWUSU BOARD MEMBER 2.00
Director
$0 $0 $0
JILL PARKER BOARD MEMBER 2.00
Director
$0 $0 $0
ERIC RICHERT BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
EVAN WARNER BOARD MEMBER 2.00
Director
$0 $0 $0
DONNA CHANDRA DIR OF DEVELOPMENT 40.00
Officer
$0 $0 $0
ELIZABETH WELLS EXEC DIRECTOR 40.00
Key Emp
$180,200 $0 $180,200
ASRA HUSSAIN EMPLOYEE 40.00
Highest
$115,525 $0 $115,525
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 $1,881,796 $1,888,201 $5,149,797 $-6,405
2024 $3,750,763 $1,964,036 $4,259,984 $1,786,727
2023 $1,393,380 $1,273,698 $1,873,434 $119,682
2022 $1,483,171 $1,309,183 $1,740,103 $173,988
2021 $1,608,156 $1,481,473 $1,865,784 $126,683
2020 $1,306,062 $1,450,942 $1,559,947 $-144,880
2019 $1,374,643 $1,526,518 $1,549,304 $-151,875
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