Sacramento County Tobacco Securitization Corporation

Organization Overview

Sacramento County Tobacco Securitization Corporation is located in Sacramento, CA. The organization was established in 2000. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento County Tobacco Securitization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Sacramento County Tobacco Securitization Corporation generated $17.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $17.1m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PURCHASE FROM THE COUNTY IT'S RIGHT TO RECEIVE TOBACCO SETTLEMENT REVENUES (TSRS), BORROW MONIES NECESSARY TO PAY THE PURCHASE PRICE FOR SUCH TSRS, SECURE SUCH BORROWINGS WITH THE TSRS, RECEIVE TSRS AND RESIDUAL PAYMENTS REGARDING TSRS OF THE COUNTY, INVEST MONIES, AND INCUR EXPENSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECEIVE FROM THE STATE OF CALIFORNIA THE TOBACCO SETTLEMENT REVENUES DUE TO THE COUNTY OF SACRAMENTO. MAKE THE SEMI ANNUAL PAYMENT ON THE LOAN WITH THE TOBACCO SECURITIZATION AUTHORITY OF NORTHERN CALIFORNIA (AUTHORITY). THE AUTHORITY ISSUED BONDS TO FUND THE CORPORATIONS PURCHASE OF THE COUNTY'S TOBACCO SETTLEMENT RIGHTS. THE AUTHORITY TAKES THE FUNDS RECEIVED FROM THE CORPORATION AND PAYS THE BONDHOLDERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$17,690,248
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,765,248

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