Palomar College Foundation

Organization Overview

Palomar College Foundation is located in San Marcos, CA. The organization was established in 1963. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Palomar 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 12/2021, Palomar College Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $945.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PALOMAR COLLEGE FOUNDATION, WITH THE SUPPORT OF THE COMMUNITY, SECURES SUPPLEMENTAL FUNDING, OTHER RESOURCES, AND PROVIDES PROGRAM SUPPORT FOR THE BENEFIT OF PALOMAR COMMUNITY COLLEGE AND ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS, ALLOCATIONS, AND SCHOLARSHIPS FOR THE BENEFIT OF THE STUDENTS AT PALOMAR COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Stacy Rungaitus
Executive Dir.
$0
Pete Rogers
Chairman
$0
Dr Li Tian
Secretary
$0
Malena Bennett
Treasurer
$0
Scotty Lombardi
Director
$0
Aaron Byzak
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$50,267
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,827,488
Noncash contributions included in lines 1a–1f $32,568
Total Revenue from Contributions, Gifts, Grants & Similar$3,877,755
Total Program Service Revenue$0
Investment income $390,357
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $70,211
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,338,323

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Palomar College Foundation has recieved totaling $288,691.

Awarding OrganizationAmount
Conrad Prebys Foundation

San Diego, CA

PURPOSE: FIRST RESPONDER TRAUMAFX SIMULATION EQUIPMENT

$102,431
Issa Family Foundation

Vista, CA

PURPOSE: ANNUAL GIVING

$100,000
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$45,933
Nordson Corporation Foundation

Westlake, OH

PURPOSE: EDUCATONAL PROGRAM

$10,000
Rancho Santa Fe Foundation

Rancho Santa Fe, CA

PURPOSE: EDUCATION

$8,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,956,513
Earnings$545,775
Net Contributions$2,819,130
Other Expense$63,285
Grants$124,275
Ending Balance$9,133,858

Peer Organizations

Organization NameAssets
Scripps College
Claremont, CA
$98,616,217
California College Of The Arts
San Francisco, CA
$107,701,190
Vanguard University Of So Ca
Costa Mesa, CA
$83,351,301
Harvey Mudd College
Claremont, CA
$77,731,780
The Masters University And Seminary
Santa Clarita, CA
$80,766,902
William Jessup University
Rocklin, CA
$60,123,299
Pitzer College
Claremont, CA
$62,327,201
Pacific Union College
Angwin, CA
$48,958,321
Menlo College
Atherton, CA
$52,004,358
Corban University
Salem, OR
$40,955,830
Arizona Christian University
Glendale, AZ
$41,715,936
Simpson University
Redding, CA
$43,472,556

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