CERRITOS COLLEGE FOUNDATION

EIN: 953387108 501(c)(3) Education

NORWALK, CA

Total Revenue
$1,476,810
Total Expenses
$1,544,676
Total Assets
$10,268,613
Net Assets
$10,210,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
DR ETELVINA JURADO
Phone
5628602451
Tax Period
2023-07-01 to 2024-06-30

CERRITOS COLLEGE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $10.2M represent 83 months of operating reserves.

Mission

THE FOUNDATION IS COMMITTED TO DEVELOPING FINANCIAL RESOURCES AND PARTNERSHIPS THAT WILL ENHANCE ALL COLLEGE PROGRAMS, WHILE ASSISTING INDIVIDUAL STUDENTS AND FUNDING SPECIAL PROJECTS.

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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 $749,741
Program Service Revenue $525,539
Investment Income $38,085
Other Revenue $163,445
TOTAL REVENUE $1,476,810

Expense Breakdown

Grants Paid $781,558
Salaries & Benefits $294,978
Fundraising Expenses $256,925
Program Expenses $1,114,475
Other Expenses $468,140
TOTAL EXPENSES $1,544,676

Year-over-Year Comparison

2023 2022 Change
Revenue $1,476,810 $1,721,299 -0.1%
Expenses $1,544,676 $2,006,936 -0.2%
Net Income $-67,866 $-285,637 -0.8%
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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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
10
Volunteers
20

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
8
$514,312
Total Directors
19
$729,586
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANIL DESAI DIRECTOR 0.50
Director
$0 $0 $0
JESSE URQUIDI DIRECTOR (UNTIL 1/4/24) 0.50
Director
$0 $0 $0
YOLANCA CASTRO DIRECTOR (STARTING 11/9/23) 0.50
Director
$0 $0 $0
JESSE DE LA CRUZ DIRECTOR (STARTING 11/9/23) 0.50
Director
$0 $0 $0
MAZEN NABULSI SECRETARY/TREASURER (UNTIL 1/8/24) 0.50
Officer Director
$0 $0 $0
JON TANKLAGE DIRECTOR 0.50
Director
$0 $0 $0
NAZIH YEHYA CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JEAN MCHATTON FIRST VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
PARIMAL SHAH DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE RODRIGUEZ SECOND VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
TOM JACKSON PAST CHAIR 0.50
Officer Director
$0 $0 $0
MARIANA PACHECO DIRECTOR 0.50
Director
$0 $791 $9,535
BILL STEPHENS DIRECTOR (UNTIL 6/20/24) 0.50
Director
$0 $0 $0
ROBERT HUGHLETT DIRECTOR (UNTIL 11/19/23) 0.50
Director
$0 $0 $0
JAYESH SHAH DIRECTOR 0.50
Director
$0 $0 $0
MARISA PEREZ DIRECTOR 0.50
Director
$0 $34,380 $43,124
IRMA GORROCINO DIRECTOR (STARTING 8/24/23) 0.50
Director
$0 $0 $0
MERCEDES GUTIERREZ SECRETARY (STARTING 1/9/24) 0.50
Officer Director
$0 $26,739 $219,591
JOSE FIERRO DIRECTOR 1.00
Director
$0 $65,020 $457,336
ETELVINA JURADO EXECUTIVE DIRECTOR 1.00
Officer
$0 $34,915 $129,541
MARTHA PELAYO INTERIM DIRECTOR (UNTIL 1/8/24) 0.50
Officer
$0 $32,657 $165,180
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 $1,476,810 $1,544,676 $10,268,613 $-67,866
2023 $1,721,299 $2,006,936 $9,230,703 $-285,637
2022 $1,450,422 $1,971,564 $9,044,403 $-521,142
2021 $3,563,306 $1,404,329 $10,623,161 $2,158,977
2020 $4,363,745 $1,686,004 $7,794,698 $2,677,741
2019 $1,640,008 $1,372,705 $5,225,108 $267,303
2018 $2,674,534 $2,595,597 $4,679,105 $78,937
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