Southwestern College Foundation
- Assets
- $5.1m
- Revenue
- $2.6m
- Investments
- $2.9m
- Employees
- 0
- Location
- Chula Vista, CA
- Founding
- 08/2017
- Data as of
- 06/2023
- EIN
- 95-3794927
Organization Overview
Southwestern College Foundation is located in Chula Vista, CA. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Southwestern 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, Southwestern College Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 46.5% 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
THE SOUTHWESTERN COLLEGE FOUNDATION IS DEDICATED TO SUPPORTING STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHWESTERN COLLEGE FOUNDATION DEVELOPS AND DELIVERS RESOURCES FOR STUDENT NEEDS THROUGH TRUSTED STEWARDSHIP OF CHARITABLE GIVING AND MEANINGFUL COMMUNITY PARTNERSHIPS.
PROVIDE SCHOLARSHIPS TO STUDENTS AT SOUTHWESTERN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Macedo Director | Trustee | 2 | $0 |
Lisa Johnson Past Chair | OfficerTrustee | 1 | $0 |
Joseph P Martinez II Vice Chair | OfficerTrustee | 2 | $0 |
Kevin Marshall Director | Trustee | 2 | $0 |
Gustavo Perez Chair | OfficerTrustee | 1 | $0 |
Patti Finnegan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $174,172 |
| Related organizations | $739,097 |
| Government grants | $539,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,067,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,520,298 |
| Total Program Service Revenue | $0 |
| Investment income | $67,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,614,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,106,481 |
| Grants and other assistance to domestic individuals. | $868,142 |
| 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 | $0 |
| Fees for services: Accounting | $13,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,288 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $188 |
| 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 | $268 |
| Total functional expenses | $2,412,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,155,181 |
| Pledges and grants receivable | $42,683 |
| Accounts receivable, net | $0 |
| 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 | $3,969 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,850,746 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15 |
| Total assets | $5,052,594 |
| Accounts payable and accrued expenses | $43 |
| Grants payable | $0 |
| Deferred revenue | $70,982 |
| 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 | $71,025 |
| Net assets without donor restrictions | $778,436 |
| Net assets with donor restrictions | $4,203,133 |
| 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 | $5,052,594 |
Grants Awarded
Over the last fiscal year, Southwestern College Foundation has awarded $35,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN COLLEGE PURPOSE: SODA Scholarship | $15,000 |
SOUTHWESTERN COLLEGE PUENTE PURPOSE: No. California University visit | $5,100 |
SWC SUN PURPOSE: JACC Convention | $15,000 |