Hillsborough Schools Foundation
- Assets
- $18.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Hillsborough, CA
- Founding
- 04/1980
- Data as of
- 06/2021
- EIN
- 94-2634550
Organization Overview
Hillsborough Schools Foundation is located in Hillsborough, CA. The organization was established in 1980. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Hillsborough Schools Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsborough Schools 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, Hillsborough Schools Foundation generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.0m 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
THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GIVING CAMPAIGN IS AN ANNUAL FUND DRIVE TO PARENTS AND COMMUNITY. THE FUNDS RAISED ARE USED TO MAKE GRANTS TO HILLSBOROUGH CITY SCHOOL DISTRICT AS SUPPLEMENTAL FUNDING TO THE SCHOOL DISTRICT BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Foster Executive Director | Officer | 40 | $134,509 |
Leigh Roslansky President | OfficerTrustee | 20 | $0 |
Roman Margolin Treasurer | OfficerTrustee | 2 | $0 |
Tiffany Tsurudome Secretary & Governance | OfficerTrustee | 2 | $0 |
Breigh Mccall President-Elect | OfficerTrustee | 4 | $0 |
Amy Richardson Chair, Annual Giving Campaign | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,602 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,622,549 |
| Noncash contributions included in lines 1a–1f | $243,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,719,151 |
| Total Program Service Revenue | $0 |
| Investment income | $376,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $370,425 |
| Net Income from Fundraising Events | -$15,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,453,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,533,384 |
| 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. | $148,371 |
| Compensation of current officers, directors, key employees. | $148,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,622 |
| Payroll taxes | $20,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,631 |
| Fees for services: Other | $54,458 |
| Advertising and promotion | $0 |
| Office expenses | $10,345 |
| 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 | $1,706 |
| Insurance | $5,107 |
| All other expenses | $0 |
| Total functional expenses | $4,044,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,717,859 |
| Pledges and grants receivable | $13,250 |
| 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 | $31,881 |
| Net Land, buildings, and equipment | $2,898 |
| Investments—publicly traded securities | $17,017,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,783,027 |
| Accounts payable and accrued expenses | $22,759 |
| Grants payable | $3,518,384 |
| 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 | $0 |
| Total liabilities | $3,541,143 |
| Net assets without donor restrictions | $8,582,663 |
| Net assets with donor restrictions | $6,659,221 |
| 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 | $18,783,027 |
Grants Awarded
Over the last fiscal year, Hillsborough Schools Foundation has awarded $3,533,384 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HILLSBOROUGH CITY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $3,518,384 |
Hillsborough, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Hillsborough Schools Foundation has recieved totaling $846,185.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $287,543 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $209,400 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $69,814 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $69,814 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $27,047 |
Arjay R & Frances F Miller Foundation Woodside, CA PURPOSE: GENERAL PURPOSE GRANT | $20,000 |
Endowment Analysis
| Beg. Balance | $10,801,539 |
| Earnings | $3,945,882 |
| Net Contributions | $5,025 |
| Grants | $104,239 |
| Ending Balance | $14,648,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |