Fresno Pacific University Foundation
- Assets
- $21.9m
- Revenue
- $950.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 77-0139570
Organization Overview
Fresno Pacific University Foundation is located in Fresno, CA. The organization was established in 1989. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Fresno Pacific University 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, Fresno Pacific University Foundation generated $950.4k 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 (10.3%) each year. All expenses for the organization totaled $306.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FRESNO PACIFIC UNIVERSITY IN THE FULFILLMENT OF ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 99 SCHOLARSHIPS TO STUDENTS MEETING QUALIFICATIONS SPECIFIED BY DONORS. THE SCHOLARSHIPS ARE AWARDED BY FRESNO PACIFIC UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Herrick Board Chair | OfficerTrustee | 1 | $0 |
Bassim Michael Vice Chair | OfficerTrustee | 1 | $0 |
Tim Franz Treasurer | OfficerTrustee | 1 | $0 |
Sonya Morgan Secretary | OfficerTrustee | 1 | $0 |
Luke Degroot Director | Trustee | 1 | $0 |
Roger Nord Director | Trustee | 1 | $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 | $274,989 |
| Noncash contributions included in lines 1a–1f | $115,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,989 |
| Total Program Service Revenue | $0 |
| Investment income | $166,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,772 |
| Net Gain/Loss on Asset Sales | $435,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $231,638 |
| 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 | $1,303 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,262 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,098 |
| 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 | $675 |
| Total functional expenses | $305,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,972 |
| Savings and temporary cash investments | $1,264,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,732 |
| 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 | $1,184,677 |
| Investments—publicly traded securities | $9,010,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,154,187 |
| Total assets | $21,913,839 |
| Accounts payable and accrued expenses | $30,920 |
| Grants payable | $0 |
| 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 | $1,282,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,329,444 |
| Total liabilities | $5,643,115 |
| Net assets without donor restrictions | $556,329 |
| Net assets with donor restrictions | $15,714,395 |
| 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 | $21,913,839 |