Alliant Educational Foundation
- Assets
- $53.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 2
- Location
- San Diego, CA
- Founding
- 12/2003
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Alliant Educational Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.6m 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
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 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.
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.
AS PART OF A PROJECT TO FOSTER INNOVATIVE PROGRAMS, RESEARCH, PUBLICATIONS, AND/OR ENHANCEMENTS WITHIN THE ALLIANT SYSTEM, THE FOUNDATION LAUNCHED THIS 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 IS AVAILABLE ACROSS THE ALLIANT SYSTEM TO ALL CAMPUS LOCATIONS AND ANY SCHOOL OR DEPARTMENT WITHIN THE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Ammen Board Trustee | Trustee | 0 | $0 |
James T Cois Board Trustee | Trustee | 0 | $0 |
Joyce L Berenstein Board Trustee | Trustee | 0 | $0 |
David J Diamond Board Trustee | Trustee | 0 | $0 |
Gonzalo Garreton Board Trustee | Trustee | 0 | $0 |
Ron Longinotti Vice-Chair | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moss Adams Llp Auditors | 6/29/15 | $248,024 |
Xuesong Sheng Commissions | 6/29/15 | $113,159 |
Paul Plevin Sullivan Legal Services | 6/29/15 | $177,703 |
Merchants Building Maintenance Building Maintenance | 6/29/15 | $227,286 |
Hanson Bridgett Llp Legal Services | 6/29/15 | $207,731 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,230 |
| Total Program Service Revenue | $0 |
| Investment income | $404,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,355,098 |
| Net Gain/Loss on Asset Sales | $807,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,789,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $238,847 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,253 |
| Compensation of current officers, directors, key employees. | $217,253 |
| Compensation to disqualified persons | $57,815 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,979 |
| Other employee benefits | $17,041 |
| Payroll taxes | $18,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,015 |
| Fees for services: Accounting | $71,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,493 |
| Fees for services: Other | $31,977 |
| Advertising and promotion | $18,599 |
| Office expenses | $10,486 |
| Information technology | $16,860 |
| Royalties | $0 |
| Occupancy | $228,849 |
| Travel | $1,713 |
| 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 | $65,523 |
| All other expenses | $0 |
| Total functional expenses | $1,559,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $717,539 |
| 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 | $246,790 |
| Net Land, buildings, and equipment | $32,681,921 |
| Investments—publicly traded securities | $18,712,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,980,844 |
| Accounts payable and accrued expenses | $1,154,788 |
| Grants payable | $0 |
| Deferred revenue | $45,040 |
| 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 | $1,920,950 |
| Net assets without donor restrictions | $43,371,451 |
| Net assets with donor restrictions | $7,688,443 |
| 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 | $52,980,844 |
Grants Awarded
Over the last fiscal year, Alliant Educational Foundation has awarded $715,486 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANT INTERNATIONAL UNIVERSITY INC PURPOSE: SCHOLARSHIPS BASED ON ACADEMIC ACHIEVEMENT | $650,000 |
ALLIANT INTERNATIONAL UNIVERSITY INC PURPOSE: GENERALLY, REIMBURSEMENT OF SALARIES PAID FOR GRANTS BEING ADMINISTERED BY THE ORGANIZATION ON BEHALF OF THE GRANTOR. | $65,486 |