Mt San Antonio College Foundation
- Assets
- $6.9m
- Revenue
- $1.9m
- Investments
- $5.0m
- Employees
- 3
- Location
- Walnut, CA
- Founding
- 09/1967
- Data as of
- 06/2022
- EIN
- 95-6196020
Organization Overview
Mt San Antonio College Foundation is located in Walnut, CA. The organization was established in 1967. 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, Mt San Antonio College Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt San Antonio 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, Mt San Antonio College Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RAISES MONEY TO SUPPORT STUDENTS AT MT SAN ANTOTHE MT SAN ANTONIO COLLEGE FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION THAT MOBILIZES FINANCIAL AND NON-FINANCIAL RESOURCES TO SUPPORT MT SAC COLLEGE PROGRAMS THAT ENRICH STUDENTS' LEARNING ENVIRONMENT AND EDUCATIONAL EXPERIENCES BEYOND THOSE ACHIEVABLE THROUGH REGULAR FUNDING SOURCES.NIO COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS ATTENDING MT SAN ANTONIO COMMUNITY COLLEGE DISTRICT
SUPPORT TO VARIOUS PROGRAMS AND CAMPUS PROJECTS NOT FUNDED BY THE DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Nakaoka Board Member | Trustee | 1 | $0 |
Marc Ruh Board Member | Trustee | 1 | $0 |
Linda Rillorta Board Member | Trustee | 1 | $0 |
Michelle Johnson Board Member | Trustee | 1 | $0 |
David Sonner President | OfficerTrustee | 1 | $0 |
Ryan Asao Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,282 |
| Related organizations | $210,884 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,424,039 |
| Noncash contributions included in lines 1a–1f | $11,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,786,205 |
| Total Program Service Revenue | $0 |
| Investment income | $86,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,872,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $503,042 |
| 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 | $53,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,595 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,429 |
| Fees for services: Other | $81,054 |
| Advertising and promotion | $519 |
| Office expenses | $0 |
| 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 | $10,962 |
| Total functional expenses | $1,448,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,530,500 |
| Savings and temporary cash investments | $292,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,350 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,990,355 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,787 |
| Total assets | $6,853,462 |
| Accounts payable and accrued expenses | $46,886 |
| 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 | $46,886 |
| Net assets without donor restrictions | $115,821 |
| Net assets with donor restrictions | $6,690,755 |
| 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 | $6,853,462 |