Alliant Educational Foundation
- Assets
- $56.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- San Diego, CA
- Founding
- 12/2003
- Data as of
- 06/2021
- EIN
- 54-2110067
Organization Overview
Alliant Educational Foundation is located in San Diego, CA. The organization was established in 2003. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Alliant Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliant Educational 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 06/2021, Alliant Educational Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 6 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
TO SUPPORT THE PREPARATION OF STUDENTS FOR PROFESSIONAL CAREERS OF SERVICE AND LEADERSHIP, WHILE PROMOTING THE DISCOVERY AND APPLICATION OF KNOWLEDGE TO IMPROVE THE LIVES OF PEOPLE IN DIVERSE CULTURES AND COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLIANT EDUCATIONAL FOUNDATION (AEF) IS A NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA. DURING THE PAST YEAR AEF HAS ADMINISTERED AND DISTRIBUTED SCHOLARSHIP FUNDING FOR 549 STUDENTS AT ALLIANT INTERNATIONAL UNIVERSITY TO ASSIST WITH THE SUCCESSFUL PROGRESSION THROUGH THEIR ACADEMIC PROGRAMS. AEF HAS ALSO PROVIDED OVERSIGHT AND ADMINISTRATION OF BOTH LARGE AND SMALL GOVERNMENT GRANTS AND CONTRACTS DESIGNED TO PROMOTE AND ENHANCE ACADEMIC RESEARCH BY THE FACULTY OF FIVE DIFFERENT CAMPUSES OF ALLIANT INTERNATIONAL UNIVERSITY.
AS PART OF A NEW PILOT PROJECT TO FOSTER INNOVATIVE PROGRAMS, RESEARCH, PUBLICATIONS, AND/OR ENHANCEMENTS WITHIN THE ALLIANT SYSTEM, THE FOUNDATION LAUNCHED A 2019 PROGRAM OFFERING ONE-TIME FUNDING FOR NEW INITIATIVES PROPOSED AND LED BY CURRENT FACULTY AND STAFF. THIS INVESTMENT WAS FOR ONE-TIME "SEED" FUNDING TO HELP LAUNCH NEW VENTURES AND WAS AVAILABLE ACROSS THE ALLIANT SYSTEM TO ALL CAMPUS LOCATIONS AND ANY SCHOOL OR DEPARTMENT WITHIN THE SYSTEM.
THIS PROGRAM WILL HELP PLACE PRACTICUM STUDENTS FROM ALLIANT'S CALIFORNIA SCHOOL OF PROFESSIONAL PSYCHOLOGY (CSPP) INTO NON-PROFIT SITES THAT HAVE IDENTIFIED THE NEED FOR MENTAL HEALTH SUPPORT. THE FOUNDATION AIMS TO BUILD MORE BRIDGES BETWEEN ALLIANT/CSPP AND THESE NEW NON-PROFIT ENTITIES AND HELP FUND THE CLINICAL SUPERVISION NEEDED FOR THESE GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Valin Brown CEO | Officer | 40 | $180,000 |
Joyce L Berenstein Board Trustee | Trustee | 0 | $0 |
James T Cois Board Trustee | Trustee | 0 | $0 |
David J Diamond Board Trustee | Trustee | 0 | $0 |
Sue Ammen Board Trustee | Trustee | 0 | $0 |
Gonzalo Garreton Board Chair | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moss Adams Llp Auditors | 6/29/15 | $248,024 |
Hanson Bridgett Llp Legal Services | 6/29/15 | $207,731 |
Paul Plevin Sullivan Legal Services | 6/29/15 | $177,703 |
Xuesong Sheng Commissions | 6/29/15 | $113,159 |
Merchants Building Maintenance Building Maintenance | 6/29/15 | $227,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,199 |
| Total Program Service Revenue | $0 |
| Investment income | $251,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $719,548 |
| 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 | $1,147,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $715,486 |
| Grants and other assistance to domestic individuals. | $246,638 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,299 |
| Compensation of current officers, directors, key employees. | $194,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,310 |
| Pension plan accruals and contributions | $10,065 |
| Other employee benefits | $18,715 |
| Payroll taxes | $17,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,558 |
| Fees for services: Accounting | $62,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,513 |
| Advertising and promotion | $17,491 |
| Office expenses | $13,451 |
| Information technology | $12,474 |
| Royalties | $0 |
| Occupancy | $23,674 |
| Travel | $769 |
| 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 | $55,987 |
| All other expenses | $0 |
| Total functional expenses | $1,673,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,052,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,261 |
| 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 | $27,773 |
| Net Land, buildings, and equipment | $33,421,689 |
| Investments—publicly traded securities | $21,951,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,519,444 |
| Accounts payable and accrued expenses | $1,513,506 |
| Grants payable | $0 |
| Deferred revenue | $30,200 |
| 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 | $721,122 |
| Total liabilities | $2,264,828 |
| Net assets without donor restrictions | $45,989,230 |
| Net assets with donor restrictions | $8,265,386 |
| 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 | $56,519,444 |
Grants Awarded
Over the last fiscal year, Alliant Educational Foundation has awarded $715,486 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: SCHOLARSHIPS BASED ON ACADEMIC ACHIEVEMENT | $650,000 |
San Diego, CA PURPOSE: GENERALLY, REIMBURSEMENT OF SALARIES PAID FOR GRANTS BEING ADMINISTERED BY THE ORGANIZATION ON BEHALF OF THE GRANTOR. | $65,486 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alliant Educational Foundation has recieved totaling $25,089.
| Awarding Organization | Amount |
|---|---|
Sierra Health Foundation Center For Health Program Management Sacramento, CA PURPOSE: COVID-19 AND MENTAL HEALTH: AN INVISIBLE PUBLIC HEALTH CRISIS | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Endowment Analysis
| Beg. Balance | $7,631,828 |
| Earnings | $841,593 |
| Net Contributions | $56,437 |
| Other Expense | $264,473 |
| Ending Balance | $8,265,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |