H C S C Foundation
- Assets
- $4.3m
- Revenue
- $399.1k
- Investments
- $4.1m
- Employees
- 0
- Location
- Chino Hills, CA
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 95-6090571
Organization Overview
H C S C Foundation is located in Chino Hills, CA. The organization was established in 1964. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H C S C 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, H C S C Foundation generated $399.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $651.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
H.C.S.C. FOUNDATION IS A PRIVATE OPERATING FOUNDATION. THE FOUNDATION'S PURPOSE IS TO RENDER FINANCIAL AID WHERE NECESSARY TO ANY MANAGEMENT PERSON, SPOUSE, WIDOW, OR WIDOWER WHO HAS RETIRED OR RESIGNED FROM J.C. PENNEY COMPANY UNDER HONORABLE CONDITIONS. FINANCIAL AID IS ALSO AVAILABLE TO ANY J.C. PENNEY COMPANY EMPLOYEE WHO MEETS THE FOLLOWING CRITERIA: 1) MUST BE AT LEAST 60 YEARS OF AGE; 2) MUST HAVE AT LEAST 20 YEARS OF HONORABLE SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Noble Secretary/treasurer | 30 | $40,000 | |
Jeff Paige Vice Chairman | 0.25 | $0 | |
Ron Salzetti Chairman | 0.25 | $0 | |
Vincent Caporusso Board Member | 0.25 | $0 | |
Wayne Harmon Board Member | 0.25 | $0 | |
Roger Hanson Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,784 |
| Interest on Savings | $31,229 |
| Dividends & Interest | $48,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $264,511 |
| Capital Gain Net Income | $264,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $527,231 |
| Total operating and administrative expenses | $649,011 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $651,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $210,372 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,334,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, H C S C Foundation has awarded $290,598 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENEFITS TO NEEDY FORMER JC PENNEY PURPOSE: BENEFITS TO NEEDY FORMER J.C. PENNEY EMPLOYEES | $280,598 |
HCSC ALUMNI CLUB PURPOSE: CONTRIBUTION TO RELATED 501(C)(3)AGENCY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that H C S C Foundation has recieved totaling $8,594.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $672,162,748 | $40,866,490 |
Leonard & Beryl Buck Foundation Las Vegas, NV | $1,159,755,958 | $49,528,085 |
Liliuokalani Trust Honolulu, HI | $828,579,677 | $45,937,660 |
Anne Wojcicki Foundation Los Altos, CA | $0 | $168,879,733 |
Hollywood Foreign Press Association West Hollywood, CA | $72,579,265 | $17,312,742 |
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |