Fresno Pacific University Foundation
- Assets
- $33.3m
- Revenue
- $513.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 03/1989
- Data as of
- 06/2021
- EIN
- 77-0139570
Organization Overview
Fresno Pacific University Foundation is located in Fresno, CA. The organization was established in 1989. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Fresno Pacific University 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 06/2021, Fresno Pacific University Foundation generated $513.8k 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 (19.0%) each year. All expenses for the organization totaled $210.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FRESNO PACIFIC UNIVERSITY IN THE FULFILLMENT OF ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 78 SCHOLARSHIPS TO STUDENTS MEETING QUALIFICATIONS SPECIFIED BY DONORS. THE SCHOLARSHIPS ARE AWARDED BY FRESNO PACIFIC UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Herrick Board Chair | OfficerTrustee | 1 | $0 |
Sonya Morgan Secretary | OfficerTrustee | 1 | $0 |
Tim Franz Treasurer | OfficerTrustee | 1 | $0 |
Bassim Michael Vice Chair | OfficerTrustee | 1 | $0 |
Donald Griffith Executive Director | Officer | 20 | $0 |
Luke Degroot Director | Trustee | 1 | $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 | $120,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,359 |
| Total Program Service Revenue | $0 |
| Investment income | $167,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,660 |
| Net Gain/Loss on Asset Sales | $144,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $119,177 |
| 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 | $1,027 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,382 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,572 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,152 |
| Insurance | $0 |
| All other expenses | $676 |
| Total functional expenses | $209,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,596 |
| Savings and temporary cash investments | $1,263,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,103,651 |
| Investments—publicly traded securities | $10,011,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,608,161 |
| Total assets | $33,267,268 |
| Accounts payable and accrued expenses | $30,881 |
| 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 | $30,903 |
| Secured mortgages and notes payable | $1,297,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,612,396 |
| Total liabilities | $6,972,143 |
| Net assets without donor restrictions | $8,188,435 |
| Net assets with donor restrictions | $18,106,690 |
| 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 | $33,267,268 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fresno Pacific University Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Briscoe Family Foundation Fresno, CA PURPOSE: SUPPORT THE OPERATIONS AND NEEDS OF THE FRESNO PACIFIC UNIVERSITY FOUNDATION COMMUNITY MUSIC SCHOOL. | $1,000 |
Endowment Analysis
| Beg. Balance | $8,856,999 |
| Earnings | $2,062,153 |
| Admin Expense | $7,978 |
| Net Contributions | $244,258 |
| Grants | $119,177 |
| Ending Balance | $11,036,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |