Sacramento County Public Facilites Financing Corp
- Assets
- $120.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 04/1985
- Data as of
- 06/2022
- EIN
- 68-0049947
Organization Overview
Sacramento County Public Facilites Financing Corp is located in Sacramento, CA. The organization was established in 1985. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, 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 Public Facilites Financing Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Sacramento County Public Facilites Financing Corp generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 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
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL ASSISTANCE TO THE COUNTY OF SACRAMENTO BY FINANCING THE ACQUISITION, CONSTRUCTION,IMPROVEMENT, AND REMODELING OF PUBLIC BUILDINGS, FACILITIES, AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL ASSISTANCE TO THE COUNTY OF SACRAMENTO BY FINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, AND REMODELING OF PUBLIC BUILDINGS, FACILITIES, AND EQUIPMENT. A.2003 COP (JUVENILE COURTHOUSE PROJECTS) TO FINANCE THE CONSTRUCTION OF A NEW THREE-STORY JUVENILE COURTHOUSE (LOCATED AT THE CORNER OF BRANCH CENTER ROAD AND KIEFER BOULEVARD, 99,456 SQUARE FEET) CONSISTING OF SIX COURTROOMS (AND SPACE FOR TWO ADDITIONAL COURTROOMS FOR FUTURE EXPANSION), SUPPORT SERVICES AREAS (HOLDING CELL AREAS, ATTORNEY CONFERENCE ROOMS, JUDGES CHAMBERS AND COURT CLERK AREA) AND ADMINISTRATIVE SUPPORT SERVICES AREAS (FOR COURT AND SHERIFFS STAFF, COURT RECORDS, CHILD WAITING AREA, AND PUBLIC WAITING AREAS). B. 2018 REFUNDING COP TO REFUND AND RETIRE ALL OUTSTANDING PRINCIPAL AMOUNTS OF THE COUNTY'S 1997 REFUNDING COP, 2003 COP (PUBLIC FACILITIES PROJECTS), 2006 COP (PUBLIC FACILITIES FINANCING), AND 2007 COP (ANIMAL CARE/YOUTH DETENTION PROJECTS), FUND THE RESERVE FUND, AND PAY THE COST OF FINANCING.C. 2020 REFUNDING COP TO REFUND AND RETIRE ALL OUTSTANDING PRINCIPAL AMOUNTS OF THE COUNTY'S 2010 REFUNDING COP, FUND THE RESERVE FUND, AND PAY THE COST OF FINANCING.D. 2020 SUNRISE REFUNDING COP TO REFUND AND RETIRE ALL OUTSTANDING PRINCIPAL AMOUNTS OF SUNRISE 2007 COP, AND PAY THE COST OF FINANCING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Nottoli President | Officer | 0 | $0 |
Colin Bettis Secretary | Officer | 0 | $0 |
Amanda Thomas CFO | Officer | 0 | $0 |
Phil Serna Director | Trustee | 0 | $0 |
Sue Frost Director | Trustee | 0 | $0 |
Patrick Kennedy Director | Trustee | 0 | $0 |
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 | $0 |
| Investment income | $72,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,356,590 |
| 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 | $6,428,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $234,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $80,000 |
| 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 | $0 |
| Interest | $6,086,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,604,657 |
| Total functional expenses | $9,005,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $115,192,418 |
| Intangible assets | $0 |
| Other assets | $4,924,791 |
| Total assets | $120,117,209 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $119,718,330 |
| 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 | $0 |
| Total liabilities | $119,718,330 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $398,879 |
| 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 | $120,117,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sacramento County Public Facilites Financing Corp Sacramento, CA | $120,117,209 | $6,428,968 |
Woodlawn Foundation San Mateo, CA | $47,161,530 | $8,457,858 |
Seal-Naval Special Warfare Foundation-San Diego Carlsbad, CA | $1,430,292 | $2,046,385 |
George And Melodie Rogers Foundation Fresno, CA | $58,468 | $1,000,014 |
Operation Help A Hero Rancho Santa Margarita, CA | $97,867 | $859,343 |
Rolf Benirschke Legacy Foundation Del Mar, CA | $187,675 | $680,405 |
Canby Kiwanis Foundation Inc Canby, OR | $373,549 | $530,086 |
The Out Foundation Portland, OR | $465,988 | $770,300 |
Terrewode Womens Fund Eugene, OR | $391,323 | $746,254 |
Friends Of Imagine1day Inc Los Angeles, CA | $147,814 | $308,589 |
Coos County Fair Alliance Inc Myrtle Point, OR | $16,381 | $0 |
Veterans First Limited Phoenix, AZ | $559,134 | $185,583 |