Southwestern College Foundation
- Assets
- $4.7m
- Revenue
- $4.2m
- Investments
- $2.6m
- Employees
- 0
- Location
- Chula Vista, CA
- Founding
- 08/2017
- Data as of
- 06/2022
- EIN
- 95-3794927
Organization Overview
Southwestern College Foundation is located in Chula Vista, CA. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Southwestern 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, Southwestern College Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 61.3% 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
THE SOUTHWESTERN COLLEGE FOUNDATION IS DEDICATED TO SUPPORTING STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHWESTERN COLLEGE FOUNDATION DEVELOPS AND DELIVERS RESOURCES FOR STUDENT NEEDS THROUGH TRUSTED STEWARDSHIP OF CHARITABLE GIVING AND MEANINGFUL COMMUNITY PARTNERSHIPS.
PROVIDE SCHOLARSHIPS TO STUDENTS AT SOUTHWESTERN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Macedo Director | OfficerTrustee | 2 | $0 |
Gustavo Perez Chair | OfficerTrustee | 1 | $0 |
Joseph P Martinez II Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Johnson Past Chair | OfficerTrustee | 1 | $0 |
Kathy Tyner Secretary | OfficerTrustee | 1 | $0 |
Sally Preston Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,349 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,990,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,147,981 |
| Total Program Service Revenue | $0 |
| Investment income | $50,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,198,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,974,141 |
| Grants and other assistance to domestic individuals. | $542,742 |
| 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 | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,123 |
| 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 | $3,239,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,992,388 |
| Pledges and grants receivable | $30,789 |
| 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 | $9,225 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,624,840 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15 |
| Total assets | $4,657,257 |
| Accounts payable and accrued expenses | $43 |
| Grants payable | $0 |
| Deferred revenue | $56,670 |
| 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 | $56,713 |
| Net assets without donor restrictions | $695,041 |
| Net assets with donor restrictions | $3,905,503 |
| 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 | $4,657,257 |
Grants Awarded
Over the last fiscal year, Southwestern College Foundation has awarded $35,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN COLLEGE PURPOSE: SODA Scholarship | $15,000 |
SWC SUN PURPOSE: JACC Convention | $15,000 |
SOUTHWESTERN COLLEGE PUENTE PURPOSE: No. California University visit | $5,100 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Southwestern College Foundation has recieved totaling $162,099.
| Awarding Organization | Amount |
|---|---|
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $90,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $26,000 |
Chg Foundation Chula Vista, CA PURPOSE: CHG DIVERSITY & INCLUSION SCHOLARSHIPS | $20,000 |
Catalyst Of San Diego & Imperial Counties San Diego, CA PURPOSE: As fiscal sponsor to San Diego and Imperial Womens Business Center | $15,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,608 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,356 |
Endowment Analysis
| Beg. Balance | $2,527,273 |
| Earnings | -$310,230 |
| Net Contributions | $67,558 |
| Other Expense | $80,650 |
| Ending Balance | $2,203,951 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |