U C Santa Cruz Foundation
- Assets
- $157.6m
- Revenue
- $27.9m
- Investments
- $147.7m
- Employees
- 0
- Location
- Santa Cruz, CA
- Founding
- 08/1974
- Data as of
- 06/2022
- EIN
- 23-7394590
Organization Overview
U C Santa Cruz Foundation is located in Santa Cruz, CA. The organization was established in 1974. 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. U C Santa Cruz 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, U C Santa Cruz Foundation generated $27.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $23.7m during the year ending 06/2022. While expenses have increased by 9.9% 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
TO BENEFIT THE UNIVERSITY OF CALIFORNIA SANTA CRUZ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO UC SANTA CRUZ THROUGH STEWARDSHIP OF DONATIONS, GRANTS TO UC SANTA CRUZ CONSISTENT WITH DONOR INTENT, AND OUTREACH TO DONOR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamil Hasan Ast Chair | OfficerTrustee | 1 | $0 |
Linda S Peterson Vice Chair | OfficerTrustee | 1 | $0 |
Richard Moss Chair | OfficerTrustee | 1 | $0 |
Paul J Hall Parliamentarian | OfficerTrustee | 1 | $0 |
Anne Gavin Treasurer | Officer | 1 | $0 |
Virginia Rivera Exec Secretary | Officer | 20 | $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 | $24,001,559 |
| Noncash contributions included in lines 1a–1f | $481,859 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,001,559 |
| Total Program Service Revenue | $0 |
| Investment income | $485,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,452,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,939,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,726,404 |
| 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 | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $23,735,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,094 |
| Savings and temporary cash investments | $1,127,415 |
| Pledges and grants receivable | $8,759,267 |
| 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 | $147,677,008 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $421 |
| Total assets | $157,597,205 |
| Accounts payable and accrued expenses | $1,127,938 |
| Grants payable | $0 |
| Deferred revenue | $599,038 |
| 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 | $1,055,768 |
| Total liabilities | $2,782,744 |
| Net assets without donor restrictions | $815,146 |
| Net assets with donor restrictions | $153,999,315 |
| 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 | $157,597,205 |
Grants Recieved
Over the last fiscal year, we have identified 50 grants that U C Santa Cruz Foundation has recieved totaling $13,895,981.
| Awarding Organization | Amount |
|---|---|
Helen And Wil Webster Foundation Arcadia, CA PURPOSE: EDUCATION | $8,295,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $2,890,100 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $1,009,750 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $300,000 |
Troper Wojcicki Foundation Los Altos, CA PURPOSE: TO SUPPORT FIRST GENERATION STUDENTS | $250,000 |
Community Foundation Santa Cruz County Aptos, CA PURPOSE: EDUCATION/YOUTH DEVELOPMENT | $128,742 |
Endowment Analysis
| Beg. Balance | $156,283,676 |
| Earnings | -$11,994,681 |
| Admin Expense | $718,436 |
| Net Contributions | $8,882,325 |
| Grants | $6,183,062 |
| Ending Balance | $146,269,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |