Saddleback College Foundation
- Assets
- $11.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mission Viejo, CA
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 33-0390547
Organization Overview
Saddleback College Foundation is located in Mission Viejo, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saddleback College Foundation 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, Saddleback College Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT FOR ACADEMIC, ATHLETIC, AND CULTURAL PROGRAMS OF SADDLEBACK COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTISTS PERFORM AND TEACH CLASSES IN ORDER TO ENHANCE EDUCATIONAL AND CULTURAL GROWTH; FINANCIAL SUPPORT AND SCHOLARSHIPS ARE DISTRIBUTED TO STUDENTS THROUGH A SELECTION PROCESS AND FINANCIAL AND IN-KIND SUPPORT IS PROVIDED FOR THE ATHLETIC PROGRAMS AND TEAMS TO ENHANCE STUDENT PARTICIPATION AND SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elliot Stern President | OfficerTrustee | 2 | $0 |
M Mahboob Akhter Co-Chair | OfficerTrustee | 2 | $0 |
Mark Schwartz Vice Chair | OfficerTrustee | 2 | $0 |
Jim Leach Secretary | OfficerTrustee | 2 | $0 |
Isaiah Henry Vice Chair | OfficerTrustee | 2 | $0 |
Anthony Ferry Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,020 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,409,586 |
| Noncash contributions included in lines 1a–1f | $42,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,624,606 |
| Total Program Service Revenue | $25,847 |
| Investment income | $205,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $262,615 |
| Net Income from Fundraising Events | -$91,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,051,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $401,296 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $412,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,268 |
| Fees for services: Other | $67,035 |
| Advertising and promotion | $0 |
| Office expenses | $64,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $32,256 |
| Total functional expenses | $1,450,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,415,205 |
| Accounts receivable, net | $67,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,721 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,059,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $907,765 |
| Total assets | $11,734,372 |
| Accounts payable and accrued expenses | $87,479 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,485 |
| Total liabilities | $97,964 |
| Net assets without donor restrictions | $3,378,918 |
| Net assets with donor restrictions | $8,257,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,734,372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saddleback College Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Lionel & Debra Dluna Family Foundation Irvine, CA PURPOSE: EDUCATION FOR THE DISABLED | $2,000 |
Endowment Analysis
| Beg. Balance | $7,979,799 |
| Earnings | -$1,197,430 |
| Net Contributions | $99,943 |
| Other Expense | $224,681 |
| Ending Balance | $6,657,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |