Cuesta College Foundation
- Assets
- $44.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 07/1973
- Data as of
- 06/2022
- EIN
- 23-7225601
Organization Overview
Cuesta College Foundation is located in San Luis Obispo, CA. The organization was established in 1973. 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. Cuesta 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, Cuesta College Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cuesta College Foundation has awarded 24 individual grants totaling $21,976,864. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CUESTA COLLEGE FOUNDATION SUPPORTS THE EXCELLENCE OF CUESTA COLLEGE BY ENGAGING THE COMMUNITY AND BUILDING PHILANTHROPIC RESOURCES. THE FUNDS RAISED AND MANAGED BY THE FOUNDATION STRENGTHEN COLLEGE PROGRAMS, PROVIDE EDUCATIONAL OPPORTUNITIES, AND EMPOWER STUDENTS TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS PROVIDED TO COLLEGE DEPARTMENTS FOR INSTRUCTIONAL MATERIALS AND SUPPORT OF COLLEGE PROGRAMS.
PROVIDE SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS.
FUNDS FOR CAPITAL EXPENDITURES THAT THE COLLEGE INCCURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Perrault President | OfficerTrustee | 2 | $0 |
Jeff Darnton Vice President/development | OfficerTrustee | 2 | $0 |
Susan Dressler Vice President/membership | OfficerTrustee | 2 | $0 |
Rob Garcia Secretary/treasurer | OfficerTrustee | 2 | $0 |
Janice Fong Wolf Vice President/alumni Rela | OfficerTrustee | 2 | $0 |
Shannon Hill Executive Director, Non-Vo | Officer | 40 | $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 | $3,743,805 |
| Noncash contributions included in lines 1a–1f | $743,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,743,805 |
| Total Program Service Revenue | $0 |
| Investment income | $962,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,517,927 |
| Net Income from Fundraising Events | $2,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,237,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,847,516 |
| 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 | $713,940 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,800 |
| Advertising and promotion | $34,409 |
| Office expenses | $41,069 |
| Information technology | $6,782 |
| Royalties | $0 |
| Occupancy | $30,686 |
| Travel | $7,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,762,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,875 |
| Savings and temporary cash investments | $4,688,370 |
| Pledges and grants receivable | $525,488 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $115,931 |
| Inventories for sale or use | $2,750 |
| Prepaid expenses and deferred charges | $120,693 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,299,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,235,944 |
| Total assets | $44,331,740 |
| Accounts payable and accrued expenses | $436,822 |
| Grants payable | $1,000,000 |
| Deferred revenue | $60,005 |
| 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 | $1,496,827 |
| Net assets without donor restrictions | $1,142,466 |
| Net assets with donor restrictions | $41,692,447 |
| 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 | $44,331,740 |
Grants Awarded
Over the last fiscal year, Cuesta College Foundation has awarded $1,847,516 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE PURPOSE: FUNDING OF SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS | $944,706 |
SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE PURPOSE: CUESTA COMMUNITY COLLEGE SUPPORT | $691,148 |
SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE PURPOSE: FUNDING OF CAPITAL EXPENDITURES | $211,662 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Cuesta College Foundation has recieved totaling $324,372.
| Awarding Organization | Amount |
|---|---|
Ada S Irving Trust Ua Dtd 061583 U S Trust Company Of Florida Dallas, TX PURPOSE: NURSING ENDOWMENT FUND | $171,541 |
Richard J Weyhrich Charitable Tr San Luis Obispo, CA PURPOSE: TO CONNECT PRIVATE AND CORPORATE PHILANTHROPY WITH OPPORTUNITIES TO SUPPORT CUESTA COLLEGE AND ITS STUDENTS | $36,792 |
Community Foundation San Luis Obispo County San Luis Obispo, CA PURPOSE: UNRESTRICTED,TO BENEFIT THE CUESTA CONCORD CHORUS,TO SUPPORT THE STUDENT EMERGENCIES PROGRAM,TO BENEFIT THE CUESTA CONCORD CHORUS,$5,000 TO BENEFIT THE HELEN F. NOVY ARTS AWARD PROGRAM AND $5,000 TO BENEFIT THE JOHN LEWIS SCHOLARSHIP PROGRAM,SUPPORT OF THE NURSING PROGRAM SCHOLARSHIPS,TO BENEFIT CUESTA CHOIRS,MADE IN MEMORY OF JAY DAVIDSON TO SUPPORT THE CUESTA ASSISTANCE FOR STUDENT EMERGENCIES FUND | $30,398 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: YESS: INDEPENDENT LIVING PROGRAM | $22,015 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,367 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $13,000 |
Endowment Analysis
| Beg. Balance | $38,518,773 |
| Earnings | -$5,696,108 |
| Net Contributions | $1,670,351 |
| Grants | -$1,747,189 |
| Ending Balance | $32,745,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |