Alameda County Tobacco Asset Securitization Corporation

Organization Overview

Alameda County Tobacco Asset Securitization Corporation is located in Oakland, CA. The organization was established in 2002. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., 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. Alameda County Tobacco Asset 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, Alameda County Tobacco Asset Securitization Corporation generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $19.3m during the year ending 06/2022. While expenses have increased by 1.1% 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 ASSIST COUNTY OF ALAMEDA, CALIFORNIA TO SECURITIZE AMOUNTS DUE THE COUNTY FROM THE FUTURE RECEIPTS OF TOBACCO SETTLEMENT PROCEEDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A PUBLIC BENEFIT CORPORATION ESTABLISHED TO ASSIST THE COUNTY OF ALAMEDA, CALIFORNIA TO SECURITIZE AMOUNTS DUE THE COUNTY FROM THE FUTURE RECEIPT OF TOBACCO SETTLEMENT PROCEEDS. IN 2002, THE ORGANIZATION PURCHASED THE RIGHTS OF THE COUNTY TO FUTURE TOBACCCO SETTLEMENT REVENUE AND SIMULTANEOUSLY SOLD THESE RIGHTS TO THE ISSUER OF TOBACCO REVENUE BONDS SOLD TO THE GENERAL PUBLIC. SUCH BONDS SECURED BY THE FUTURE TOBACCO SETTLEMENT REVENUE.


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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$18,090,107
Investment income $499,956
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 $18,590,063

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