Santa Rosa Junior College Foundation
- Assets
- $77.4m
- Revenue
- $17.5m
- Investments
- $2.6m
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 94-1735861
Organization Overview
Santa Rosa Junior College Foundation is located in Santa Rosa, CA. The organization was established in 1972. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Santa Rosa Junior 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, Santa Rosa Junior College Foundation generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 10.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE INVESTMENT IN HIGHER EDUCATION TO PROVIDE LIFE-CHANGING OPPORTUNITIES FOR ALL SRJC STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY 21/22 THE SRJC FOUNDATION RECEIVED MORE THAN $8.9 MILLION TO SUPPORT STUDENTS AND INSTRUCTIONAL PROGRAMS AT THE COLLEGE.
THE INVESTED PORTFOLIO MANAGED BY GRAYSTONE CONSULTING ENDED THE FISCAL YEAR AT $62 MILLION.THE SRJC FOUNDATION DEVELOPED AND FORMALLY ADOPTED A NEW LOGO AND BRAND IDENTITY GUIDELINES FOR THE ORGANIZATION.THE SRJC FOUNDATION HOSTED A 50TH ANNIVERSARY EVENT FOR SHONE FARM WHICH PRODUCED $160,000 IN REVENUE.THE SRJC FOUNDATION SECURED SEVERAL NOTABLE MAJOR GIFTS, INCLUDING A $300,000 ENDOWED GIFT FOR SWIMMING AND DIVING PROGRAMS TO NAME THE NEW 50-METER OLYMPIC-SIZED POOL, A BEQUEST FOR $150,000 THAT ESTABLISHED AN ENDOWED FUND FOR THE PURCHASE OF MUSICAL INSTRUMENTS, A $100,000 GIFT TO THE NEWLY-CREATED ENDOWMENT FOR STUDENT HOUSING, AND A GRANT OF $500,000 TO BENEFIT NEW WILDFIRE RESILIENCE PROGRAMS.
THE FOUNDATION AWARDED MORE THAN $4.2 MILLION IN SCHOLARSHIPS TO DESERVING STUDENTS FROM ITS ENDOWMENT, NON-ENDOWED FUNDS, AND THE DOYLE TRUST SCHOLARSHIP FUND.
THE FOUNDATION RECEIVED NEARLY $2.3 MILLION TO SUPPORT COLLEGE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Norton Chair | OfficerTrustee | 2 | $0 |
Suzy Marzalek Vice Chair | OfficerTrustee | 1 | $0 |
Frank Chong Secretary | OfficerTrustee | 1 | $0 |
Kate Jolley Treasurer | OfficerTrustee | 1 | $0 |
Jeff Bricker Board Member | Trustee | 0.1 | $0 |
Scott Bartley Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,600 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,230,669 |
| Noncash contributions included in lines 1a–1f | $412,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,811,269 |
| Total Program Service Revenue | $0 |
| Investment income | $1,465,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,267,392 |
| Net Income from Fundraising Events | -$15,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,528,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,264,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,469 |
| Compensation of current officers, directors, key employees. | $280,469 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $313,423 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,066,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,212,783 |
| Savings and temporary cash investments | $8,529,973 |
| Pledges and grants receivable | $738,062 |
| Accounts receivable, net | $951,062 |
| 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 | $48,327 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $61,347,578 |
| Investments—other securities | $2,613,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $982,157 |
| Total assets | $77,423,065 |
| Accounts payable and accrued expenses | $546,602 |
| Grants payable | $0 |
| Deferred revenue | $184,584 |
| 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 | $1,374,631 |
| Total liabilities | $2,105,817 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $75,317,248 |
| 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 | $77,423,065 |