Saddleback College Foundation
- Assets
- $12.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Mission Viejo, CA
- Founding
- 08/2005
- Data as of
- 06/2023
- 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 06/2023, Saddleback College Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 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
2023
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 |
Dr Jeanne Harris-Caldwell Director | Trustee | 2 | $0 |
Dr Morgan Barrows Director | Trustee | 2 | $0 |
Dr Terri Whitt Rydell Director | Trustee | 2 | $0 |
Anthony Ferry Treasurer | OfficerTrustee | 2 | $0 |
M Mahboob Akhter Immediate Past-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,497 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,103,980 |
| Noncash contributions included in lines 1a–1f | $16,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,238,477 |
| Total Program Service Revenue | $27,563 |
| Investment income | $166,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,493 |
| Net Income from Fundraising Events | -$65,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,364,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $463,623 |
| 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 | $45,020 |
| 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 | $33,796 |
| Fees for services: Other | $65,080 |
| Advertising and promotion | $0 |
| Office expenses | $5,367 |
| 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 | $10,459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,511 |
| Total functional expenses | $1,019,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,385,900 |
| Accounts receivable, net | $1,260,175 |
| 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 | $101,084 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,910,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $946,678 |
| Total assets | $12,802,778 |
| Accounts payable and accrued expenses | $118,920 |
| 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 | $14,101 |
| Total liabilities | $133,021 |
| Net assets without donor restrictions | $3,894,308 |
| Net assets with donor restrictions | $8,775,449 |
| 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 | $12,802,778 |