Allan Hancock College Foundation
- Assets
- $20.1m
- Revenue
- $6.2m
- Investments
- $18.0m
- Employees
- 5
- Location
- Santa Maria, CA
- Founding
- 08/1977
- Data as of
- 06/2022
- 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 06/2022, Allan Hancock College Foundation employed 5 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 06/2022, Allan Hancock College Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $16.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allan Hancock College Foundation has awarded 20 individual grants totaling $20,832,707. 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
2022
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 |
|---|---|---|---|
Ed D Lee-Volker Cox President | OfficerTrustee | 1 | $0 |
Judith E Dale Vice President | OfficerTrustee | 1 | $0 |
Debra Hood Secretary | OfficerTrustee | 1 | $0 |
Kevin G Walthers Ph D College Rep | Trustee | 1 | $0 |
Eric D Smith College Rep | Trustee | 1 | $0 |
Marcela Viveros 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 | $1,755,426 |
| Noncash contributions included in lines 1a–1f | $899 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,426 |
| Total Program Service Revenue | $0 |
| Investment income | $544,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,782,112 |
| Net Income from Fundraising Events | $6,386 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,236,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,650,009 |
| Grants and other assistance to domestic individuals. | $557,261 |
| 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 | $240,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,344 |
| 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 | $27,324 |
| Advertising and promotion | $4,436 |
| Office expenses | $33,589 |
| 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 | $16,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,986 |
| Total functional expenses | $16,640,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,524 |
| Savings and temporary cash investments | $1,113,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $770 |
| Prepaid expenses and deferred charges | $24,219 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,960,147 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $715,664 |
| Total assets | $20,101,421 |
| Accounts payable and accrued expenses | $84,534 |
| 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 | $0 |
| Total liabilities | $84,534 |
| Net assets without donor restrictions | $2,041,928 |
| Net assets with donor restrictions | $17,974,959 |
| 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 | $20,101,421 |
Grants Awarded
Over the last fiscal year, Allan Hancock College Foundation has awarded $15,650,009 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAN HANCOCK JOINT CCD PURPOSE: GENERAL DISTRICT SUPPORT | $15,552,212 |
Santa Maria, CA PURPOSE: PCPA THEATRE SUPPORT | $97,797 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Allan Hancock College Foundation has recieved totaling $323,311.
| Awarding Organization | Amount |
|---|---|
Marian Mullin Hancock Charitable Tr 031893 Chicago, IL PURPOSE: GENERAL SUPPORT | $112,024 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $41,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,655 |
Arthur N Rupe Foundation Santa Barbara, CA PURPOSE: CNA PROGRAM | $31,245 |
Murphy Foundation El Dorado, AR PURPOSE: OPERATIONS | $30,000 |
Credit Unions In The State Of California Santa Maria, CA PURPOSE: UNRESTRICTED | $23,000 |
Endowment Analysis
| Beg. Balance | $33,966,809 |
| Earnings | -$2,655,711 |
| Net Contributions | $740,995 |
| Other Expense | $15,993,305 |
| Ending Balance | $16,058,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |