Salpointe Catholic Education Foundation
- Assets
- $2.6m
- Revenue
- $204.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 74-2382300
Organization Overview
Salpointe Catholic Education Foundation is located in Tucson, AZ. The organization was established in 1986. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salpointe Catholic Education 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, Salpointe Catholic Education Foundation generated $204.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $186.6k during the year ending 06/2022. While expenses have increased by 7.0% 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
THE SALPOINTE CATHOLIC EDUCATION FOUNDATION IS A NOT FOR PROFIT CORPORATION WHOSE PRIMARY PURPOSE IS AN EXCLUSIVELY CHARITABLE, RELIGIOUS, AND EDUCATIONAL EFFORT TO BENEFIT AND IMPROVE THE EDUCATIONAL EXPERIENCES AND ENVIRONMENT FOR THE STUDENTS, STAFF, FACULTY, AND CAMPUS OF SALPOINTE CATHOLIC HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRANTS TO THE HIGH SCHOOL FOR 21/22 WERE FOR STEM COMPUTERS, LAB EQUIPMENT, SCIENCE EQUIPMENT AND BAND INSTRUMENTS. ADDITIONALLY FUNDS WERE SENT TO THE HIGH SCHOOL TO PAY ON A PLEDGE FOR THE CENTER FOR THE ARTS BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Hoover President | OfficerTrustee | 1 | $0 |
Kevin Boesen Vice President And President | OfficerTrustee | 0.5 | $0 |
David Ramsower Treasurer | OfficerTrustee | 1 | $0 |
Gina Scherer Secretary | OfficerTrustee | 1 | $0 |
Senait Dyson Elected Board Of Directors | Trustee | 0.5 | $0 |
Michelle Brown Elected Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,000 |
| Fundraising events | $149,159 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,246 |
| Noncash contributions included in lines 1a–1f | $81,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,405 |
| Total Program Service Revenue | $0 |
| Investment income | $78,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$48,154 |
| Net Income from Fundraising Events | -$71,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,000 |
| 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 | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,015 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,063 |
| 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 | $606 |
| Total functional expenses | $186,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,111 |
| Savings and temporary cash investments | $127,400 |
| Pledges and grants receivable | $0 |
| 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 | $14,778 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,422,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,576,547 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,000 |
| Deferred revenue | $0 |
| 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 | $100,000 |
| Net assets without donor restrictions | $493,054 |
| Net assets with donor restrictions | $1,983,493 |
| 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 | $2,576,547 |
Grants Awarded
Over the last fiscal year, Salpointe Catholic Education Foundation has awarded $247,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: SEE FORM 990, PART III, LINE 4A, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS | $147,000 |
Tucson, AZ PURPOSE: ASPIRE CAPITAL CAMPAIGN FOR THE ARTS AND ATHLETICS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Salpointe Catholic Education Foundation has recieved totaling $45,255.
| Awarding Organization | Amount |
|---|---|
Frederick Gardner Cottrell Foundation Tucson, AZ PURPOSE: CHARITABLE ENTITY SUPPORT | $40,000 |
Ginny L Clements Charitable Tr Tucson, AZ PURPOSE: PROGRAM SUPPORT | $2,500 |
Frederick Gardner Cottrell Foundation Tucson, AZ PURPOSE: CHARITABLE ENTITY SUPPORT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $755 |
Endowment Analysis
| Beg. Balance | $2,348,024 |
| Earnings | -$378,531 |
| Net Contributions | $14,000 |
| Ending Balance | $1,983,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
Daniels Fund Denver, CO | $0 | $97,503,421 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |