Allan Hancock College Foundation
- Assets
- $22.0m
- Revenue
- $1.8m
- Investments
- $21.6m
- Employees
- 6
- Location
- Santa Maria, CA
- Founding
- 08/1977
- Data as of
- 06/2023
- EIN
- 95-3143396
Organization Overview
Allan Hancock College Foundation is located in Santa Maria, CA. The organization was established in 1977. 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, Allan Hancock College Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allan Hancock 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, Allan Hancock College Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allan Hancock College Foundation has awarded 18 individual grants totaling $20,437,773. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOR ADVANCEMENT OF EDUCATION BY RAISING FUNDS AND BUILDING COMMUNITY SUPPORT TO MEET THE NEEDS OF THE COLLEGE IN THE AREAS OF SCHOLARSHIPS, CAPITAL/INFRASTRUCTURE PROJECTS, AND PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS WIDE EDUCATIONAL PROGRAMS: CAMPUS GROUPS ARE PROVIDED FINANCIAL SUPPORT AND SUPPORT SERVICES FOR THE STUDENTS OF THE COLLEGE DISTRICT, IN AGREEMENT WITH THE COLLEGE CURRICULUM.
SCHOLARSHIPS AWARDED TO ALLAN HANCOCK COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin G Walthers PHD President | OfficerTrustee | 1 | $0 |
Eric D Smith Associate Super | Trustee | 1 | $0 |
Jon Hooten PHD Executive Dir. | Trustee | 1 | $0 |
Keli Seyfert Director | Trustee | 1 | $0 |
Nichole Dechaine Dma Faculty Rep | Trustee | 1 | $0 |
Edianna Ysip Student Rep | 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 | $1,065,152 |
| Noncash contributions included in lines 1a–1f | $1,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,152 |
| Total Program Service Revenue | $0 |
| Investment income | $300,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,142 |
| Net Income from Fundraising Events | $86,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,833,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $364,982 |
| Grants and other assistance to domestic individuals. | $600,310 |
| 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 | $255,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,042 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $43,701 |
| Advertising and promotion | $4,945 |
| Office expenses | $102,424 |
| 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 | $21,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,507,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,549 |
| Savings and temporary cash investments | $62,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343 |
| 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 | $47,661 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,581,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,928 |
| Total assets | $22,037,332 |
| Accounts payable and accrued expenses | $2,707 |
| Grants payable | $136,259 |
| Deferred revenue | $72,400 |
| 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 | $211,366 |
| Net assets without donor restrictions | $2,416,270 |
| Net assets with donor restrictions | $19,409,696 |
| 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 | $22,037,332 |
Grants Awarded
Over the last fiscal year, Allan Hancock College Foundation has awarded $364,982 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AH COLLEGE AUX PROGRAMS PURPOSE: PCPA THEATRE SUPPORT | $90,474 |
ALLAN HANCOCK JOINT CCD PURPOSE: GENERAL DISTRICT SUPPORT | $274,508 |