Caltech Y
- Assets
- $6.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Pasadena, CA
- Founding
- 05/1949
- Data as of
- 09/2021
- EIN
- 95-1684790
Organization Overview
Caltech Y is located in Pasadena, CA. The organization was established in 1949. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 09/2021, Caltech Y employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caltech Y 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 09/2021, Caltech Y generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $748.3k during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH STUDENT LIFE AND CHALLENGE STUDENTS TO GROW INTO RESPONSIBLE CITIZENS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT PROGRAMS - THE STUDENT EXECUTIVE COMMITTEE (EXCOMM), Y-OUTDOORS AND STUDENT ACTIVISM SPEAKER SERIES (SASS) COMMITTEES, AND COMMUNITY SERVICE PROJECT LEADERS - INCLUDING STUDENT LEADERS PLANNED AND IMPLEMENTED APPROXIMATELY 50 PROGRAMS DURING THE 2020-2021 ACADEMIC YEAR. MANY OF THE PROGRAMS REMAINED VIRTUAL DUE TO COVID RESTRICTIONS WITH A FEW IN-PERSON PROGRAMS. THIS INCLUDED PROGRAMS IN 3 MAIN CATAGORIES: COMMUNITY SERVICE PROGRAMMING WAS THE LARGEST CATEGORY, AND INCLUDED THE RISE TUTORINGPROGRAM FOR PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS, ASSEMBLING SACK LUNCHES FOR UNION STATION HOMELESS SERVICES, AND PROVIDING VOLUNTEERS FOR COMMUNITY ORGANIZATIONS SUCH AS STEAM:CODERS, READING PARTNERS, AND THE YWCA GIRLS' CIRCLE MENTORING PROGRAM. OUTDOOR EVENTS CONSISTED MAINLY OF VIRTUAL TALKS, INCLUDING BACKPACKING BASICS, BIKE MAINTENANCE, CAMPING, KAYAKING, AND GREAT HIKES IN THE GREATER LA AREA. CULTURAL, EDUCATIONAL, AND SOCIAL PROGRAMS INCLUDED VARIOUS TALKS WITH SPEAKERS SUCH AS CORYDOCTOROW, ENGINEERS & SCIENTISTS ACTING LOCALLY, DR. ALISTAIR HAYDEN, DR. IRENE HEADEN, PROF. THOMAS HOLLIHAN, BRIAN JACKSON, PASADENA LEAGUE OF WOMEN VOTERS, DAN LANE, DR. STEPHEN NUNO-PEREZ, DAVID OSHINSKY, DR. ALEXANDRA PHILLIPS, DARYL WEST, ANDREW ZWICKER, AND THE SOCIALISTS OF CALTECH. OTHER WORKSHOPS INCLUDED COOKING DEMOS, CHESS STRATEGIES, ORIGAMI,CULTURAL TALKS FOR THE ANNUAL WORLD FEST, AND MLK COMMEMORATION WEEK EVENTS. THE CALTECH Y ALSO AWARDED THE LUCY GUERNSEY SERVICE AWARD TO 3 STUDENTS FOR THEIR OUTSTANDING `SERVICE TO THE COMMUNITY.
FRIENDS DINNERS AND ACTIVITIES - DINNERS, USUALLY HELD TWO TO THREE TIMES A YEAR, PROVIDE AN OPPORTUNITY FOR CALTECH ALUMNI, STUDENTS AND FRIENDS TO GET ACQUAINTED WHILE ALSO BEING EDUCATED BY GUEST SPEAKERS. GUESTS SPEAKERS RANGE FROM CALTECH PROFESSORS TO PROMINENT COMMUNITY MEMBERS. OCCASIONAL ACTIVITIES INVOLVE EDUCATIONAL FIELD TRIPS FOR ALUMNI AND FRIENDS OF THE Y.
THE CALTECH Y EDUCATIONAL OUTREACH PROGRAMS CONSIST OF THE RISE PROGRAM AS WELL AS PARTNERSHIPS WITH OTHER COMMUNITY ORGANIZATIONS TO PROVIDE OPPORTUNITIES FOR CALTECH STUDENTS TO SERVE THE COMMUNITY AT LARGE. RISE PROVIDES INTENSIVE MATH AND SCIENCE TUTORING AND ACADEMIC MENTORING AND SERVES 8TH-12TH GRADE STUDENTS ATTENDING AREA PUBLIC SCHOOLS, PRIMARILY PASADENA UNIFIED SCHOOL DISTRICT STUDENTS. TUTORING IS PROVIDED BY CALTECH UNDERGRADUATE AND GRADUATE STUDENTS. IN ADDITION TO TUTORING, RISE TUTEES ALSO ATTEND COLLEGE PREPARATION WORKSHOPS, CAMPUS TOURS, AND CAN ENROLL IN A SUMMER SAT/ACT PROGRAM, WHICH WAS HELD VIRTUALLY IN 2020. RISE SWITCHED TO AN ONLINE PLATFORM IN APRIL 2020 AND EXPANDED TO INCLUDE TUTORING FOR 6TH GRADE STUDENTS FROM PASADENA UNIFIED. IN 2020-21, THERE WERE 335 PARTICIPANTS AND 232 TUTORS FOR RISE, INCLUDING THE 89 TUTORS IN THE SUMMER RISE SAT/ACT PROGRAM. OF THE CALTECH STUDENT TUTORS, 49 STUDENTS RECEIVED FEDERAL WORK STUDY, AND 202 SERVED AS VOLUNTEER TUTORS. ADDITIONAL EDUCATIONAL OUTREACH OPPORTUNITIES INCLUDED TUTORING AND MENTORING WITH HATHAWAY SYCAMORES FAMILY SERVICES, KIDS READING TO SUCCEED, THE PASADENA LEARNS PROGRAM, THE MARSHALL MATH PROGRAM, AND MENTORS FOR LIFE. TWENTY THREE CALTECH STUDENTS VOLUNTEERED FOR THESE OTHER PROGRAMS. THE TOTAL VALUE OF SERVICE FOR THOSE STUDENTS WHO VOLUNTEERED FOR RISE AND OTHER EDUCATIONAL OUTREACH PROGRAMS IS ESTIMATED TO BE AROUND $139,148.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Athena R Castro Executive Director | OfficerTrustee | 40 | $138,000 |
Laurice Balian Vice Chair | OfficerTrustee | 0 | $0 |
Fred Clayton Board Chair | OfficerTrustee | 0 | $0 |
Mary Wahl Treasurer & Finance Committee Chair | OfficerTrustee | 0 | $0 |
Peter Hung Secretary | OfficerTrustee | 0 | $0 |
Frank D Dryden Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $243,182 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,695 |
| Total Program Service Revenue | $14,685 |
| Investment income | $2,882,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,863 |
| 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 | $90 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,452,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $138,000 |
| Compensation of current officers, directors, key employees. | $6,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,515 |
| Pension plan accruals and contributions | $32,978 |
| Other employee benefits | $43,304 |
| Payroll taxes | $40,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,280 |
| Office expenses | $12,612 |
| Information technology | $12,323 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $599 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,155 |
| All other expenses | $478 |
| Total functional expenses | $748,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,867,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $435 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,342,464 |
| Total assets | $6,209,969 |
| Accounts payable and accrued expenses | $3,465 |
| Grants payable | $0 |
| Deferred revenue | $31,750 |
| 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 | $35,215 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $6,174,754 |
| Total liabilities and net assets/fund balances | $6,209,969 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Caltech Y has recieved totaling $1,068,193.
| Awarding Organization | Amount |
|---|---|
The Gingko Fund Louisville, KY PURPOSE: TO BE USED WITHIN EXEMPT FUNCTION | $375,000 |
J Yang & Family Foundation Torrance, CA PURPOSE: SUPPORT TO HELP FINISHING THE DEGREE | $200,000 |
Medtronic Communities Foundation Minneapolis, MN PURPOSE: STEM | $160,500 |
Binder Foundation Pasadena, CA PURPOSE: DONATION | $100,000 |
Lijiang Foundation Palo Alto, CA PURPOSE: GENERAL SUPPORT | $70,000 |
Lee Foundation Los Angeles, CA PURPOSE: TO SUPPORT THE GENERAL FUND. | $50,000 |
Endowment Analysis
| Beg. Balance | $3,421,076 |
| Earnings | $253,355 |
| Net Contributions | $2,873,563 |
| Other Expense | $2,205,530 |
| Ending Balance | $4,342,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T H I N K Together Santa Ana, CA | $21,163,923 | $75,709,835 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |