Cabrillo College Foundation
- Assets
- $46.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Aptos, CA
- Founding
- 02/1966
- Data as of
- 06/2023
- EIN
- 94-6121953
Organization Overview
Cabrillo College Foundation is located in Aptos, CA. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Cabrillo College Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabrillo College 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 06/2023, Cabrillo College Foundation generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENT SCHOLARSHIPS, INCREASE STUDENT SUCCESS, AND SUPPORT OF ACADEMIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO CABRILLO COLLEGE FOUNDATION ARE INVESTMENTS IN THE HUMAN POTENTIAL OF OUR STUDENTS AND THE WIDER COMMUNITY WE SERVE. THE CABRILLO COLLEGE FOUNDATION HELPS BY PROVIDING STUDENT SUPPORT AT EVERY LEVEL. FACULTY INNOVATION SUPPORT FACULTY WHO INNOVATE WAYS TO IMPROVE THE CLASSROOM EXPERIENCE. CABRILLO ADVANCEMENT PROGRAM: FROM MIDDLE SCHOOL AND CONTINUING THROUGH HIGH SCHOOL, CAP STUDENTS RECEIVE TUTORING, COUNSELING AND ACTIVITIES THAT HELP THEM SEE COLLEGE AS A REAL CHOICE. TUTORING: WE SUPPORT PEER TO PEER TUTORING FOR GREATER STUDENT SUCCESS. STUDENT SUPPORT SERVICES: FOR SPECIAL POPULATIONS SUCH AS VETERANS AND FORMER FOSTER YOUTH. THE FOUNDATION ALSO PROVIDES SUPPORT TO OVER 100 COLLEGE PROGRAMS SUCH AS ENGINEERING, NURSING, VISUAL AND PERFORMING ARTS, ATHLETICS, AND THE STROKE CENTER.
SCHOLARSHIPS - CABRILLO IS DESIGNED TO GIVE STUDENTS AN ON-RAMP TO POST-SECONDARY EDUCATION - AN EDUCATION THAT PROVIDES POTENTIAL TO BUILD A BETTER LIFE. THE CABRILLO COLLEGE FOUNDATION HELPS BY EASING THE FINANCIAL BARRIER TO ATTEND COLLEGE. WE AWARDED $1,295,478 IN SCHOLARSHIPS TO HELP STUDENTS MAKE ENDS MEET. THROUGH OUR WOMEN'S EDUCATIONAL SUCCESS PROGRAM, WE PUT UP TO $1,000 IN THE HANDS OF STUDENTS WITH AN UNEXPECTED EXPENSE USUALLY IN A FEW DAYS!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Wetstein Asst. Secretary | OfficerTrustee | 5 | $0 |
Bradley Olin Asst. Treasurer | OfficerTrustee | 5 | $0 |
Robin Mcfarland Director | Trustee | 2 | $0 |
Amy Lehman-Sexton Director | Trustee | 2 | $0 |
Eileen Hill Executive Director | 40 | $0 | |
Kristin Wilson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $266,570 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,313,532 |
| Noncash contributions included in lines 1a–1f | $50,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,580,102 |
| Total Program Service Revenue | $749,343 |
| Investment income | $851,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,226,113 |
| Net Income from Fundraising Events | -$3,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,404,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,490,575 |
| Grants and other assistance to domestic individuals. | $1,295,478 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,817 |
| Compensation of current officers, directors, key employees. | $82,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,119 |
| Pension plan accruals and contributions | $80,053 |
| Other employee benefits | $110,296 |
| Payroll taxes | $43,869 |
| 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 | $698,799 |
| Fees for services: Other | $47,675 |
| Advertising and promotion | $0 |
| Office expenses | $11,267 |
| Information technology | $26,299 |
| 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 | $403 |
| Insurance | $10,877 |
| All other expenses | $36,648 |
| Total functional expenses | $4,913,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,003 |
| Savings and temporary cash investments | $5,718,038 |
| Pledges and grants receivable | $197,506 |
| Accounts receivable, net | $107,606 |
| 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 | $29,340 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,390,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,014,680 |
| Accounts payable and accrued expenses | $2,294,587 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $769,634 |
| Total liabilities | $3,064,221 |
| Net assets without donor restrictions | $1,546,812 |
| Net assets with donor restrictions | $41,403,647 |
| 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 | $46,014,680 |