San Diego County Capital Asset Leasing Corporation
- Assets
- $185.8m
- Revenue
- $77.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/1984
- Data as of
- 06/2022
- EIN
- 33-0071263
Organization Overview
San Diego County Capital Asset Leasing Corporation is located in San Diego, CA. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego County Capital Asset Leasing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, San Diego County Capital Asset Leasing Corporation generated $77.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $26.6m during the year ending 06/2022. 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
SAN DIEGO COUNTY CAPITAL ASSET LEASING CORPORATION SANCAL IS A NON-PROFIT BENEFIT CORPORATION SUPPORTING THE ACQUISITION INSTALLATION AND CONSTRUCTION OF IMPROVEMENTS REAL PROPERTY AND EQUIPMENT BY THE COUNTY OF SAN DIEGO COUNTY FOR PUBLIC PURPOSE VIA LEASE FINANCING ARRANGEMENTS WITH THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEBT SERVICE: PRINCIPAL AND INTEREST PAYMENTS PAID TO BONDHOLDERS. PRINCIPAL: 10,285,000 INTEREST: 5,187,190 ONLY INCLUDE REVENUE FROM BASE RENTAL PAYMENTS I.E. THE ANNUAL BASE RENTAL ADVANCE AND ADDITIONAL ADVANCES IF ANY BECAUSE THAT IS THE ONLY REVENUE THAT IS DIRECTLY FUNDING THE P&I EXPENSE. INTEREST REVENUE IS EXCLUDED BECAUSE THAT REVENUE DOES NOT DIRECTLY FUND THE P&I PAYMENTS.
BOND ISSUANCE COSTS TO PAY COST OF ISSUANCE FOR CERTIFICATES OF PARTICIPATION IN 2021 YOUTH TRANSITION CAMPUS BOND ISSUANCE COST: 588,230
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Nakawatase Treasurer | Trustee | 0 | $0 |
Rob Castetter Director | Trustee | 0 | $0 |
Michel Anderson Chair | Trustee | 0 | $0 |
Jeff C Kane Vice-Chair | Trustee | 0 | $0 |
John Todd Secretary | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,499,544 |
| Investment income | -$1,212,467 |
| 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 | $77,197,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $5,187,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $29,660 |
| Total functional expenses | $26,552,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,484,766 |
| Pledges and grants receivable | $126,115,609 |
| Accounts receivable, net | $151,287 |
| 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 | $0 |
| Total assets | $185,751,662 |
| Accounts payable and accrued expenses | $4,376,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $126,115,609 |
| 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 | $130,491,680 |
| Net assets without donor restrictions | $55,259,982 |
| Net assets with donor restrictions | $0 |
| 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 | $185,751,662 |