Friends Of San Pasqual Academy Inc
- Assets
- $1.9m
- Revenue
- $426.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-0296623
Organization Overview
Friends Of San Pasqual Academy Inc is located in Rancho Santa Fe, CA. The organization was established in 2005. 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. Friends Of San Pasqual Academy Inc 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 12/2021, Friends Of San Pasqual Academy Inc generated $426.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $314.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF SAN PASQUAL ACADEMY IS A NON-PROFIT ORGANIZATION THAT ASSISTS FOSTER TEENS OF SAN DIEGO COUNTY IN THEIR ENDEAVOR TO BECOME CONFIDENT, PRODUCTIVE, CONTRIBUTING, EDUCATED, SUCCESSFUL ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE SAN PASQUAL ACADEMY FOSTER TEENS WITH FINANCIAL SUPPORT FOR OTHERWISE UNFUNDED PROGRAMS FOR THE FOSTER YOUTH AT THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Summerhays Vice President | OfficerTrustee | 4 | $0 |
Dagmar Helgager CFO | OfficerTrustee | 4 | $0 |
Joan Scott President | OfficerTrustee | 4 | $0 |
Lois Jones Secretary | OfficerTrustee | 4 | $0 |
Kathy Lathrum Communications | Trustee | 4 | $0 |
Karen Ventura Board Member | Trustee | 4 | $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 | $256,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,064 |
| Total Program Service Revenue | $0 |
| Investment income | $169,930 |
| 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 | $425,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,321 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,300 |
| Advertising and promotion | $0 |
| Office expenses | $1,036 |
| Information technology | $8,115 |
| 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 | $6,220 |
| All other expenses | $102,719 |
| Total functional expenses | $314,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,395 |
| Savings and temporary cash investments | $1,305,300 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $510,170 |
| Total assets | $1,879,865 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,773,392 |
| Net assets with donor restrictions | $106,473 |
| 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 | $1,879,865 |
Grants Awarded
Over the last fiscal year, Friends Of San Pasqual Academy Inc has awarded $92,321 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: Support foster teens learning envir | $46,321 |
San Diego, CA PURPOSE: Support foster teens learning envir | $46,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of San Pasqual Academy Inc has recieved totaling $53,500.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $45,000 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA PURPOSE: SOCIAL SERVICES | $8,500 |
Endowment Analysis
| Beg. Balance | $278,290 |
| Earnings | $31,880 |
| Ending Balance | $310,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |