Form 990 for tax year 2023

Totals

Total revenue

$2,830,726

Total expenses

$3,036,477

Contributions and grants received

$2,364,043

Grants paid

$1,204,622

Program service revenue

$0

Investment income

$466,683

Other revenue

$0

Total assets, end of year

$23,343,533

Total liabilities, end of year

$105,450

Net assets or fund balances, end of year

$23,238,083

Program services expenses (Part IX)

$2,670,218

Management and general expenses

$366,259

Fundraising expenses

$0

Program service expenses (Part III)

$2,670,218

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS TO SUPPORT TUITION, EDUCATIONAL MATERIALS, LIVING EXPENSES, AND PAID INTERNSHIPS. NEARLY HALF OF OUR STUDENTS REQUIRE MORE THAN TRADITIONAL FINANCIAL AID CAN OFFER. IN A CLIMATE OF RISING LIVING COSTS AND A PRESSING NEED FOR SKILLED WORKERS, OUR SCHOLARSHIPS ARE NOT JUST HELPFUL THEY'RE ESSENTIAL. THE FOUNDATION IS A CATALYST FOR OPPORTUNITY AND SUCCESS. THIS HOLISTIC APPROACH ENABLES STUDENTS TO FOCUS SOLELY ON THEIR ACADEMIC GROWTH, SETTING THEM UP FOR SUCCESS IN SCHOOL AND BEYOND.

  Expenses $846,324 · Grants $846,324

• THE FOUNDATION OFFERS EMERGENCY GRANTS AND BASIC NEEDS SUPPORT THAT HAVE A PROVEN, IMMEDIATE IMPACT ON STUDENT SUCCESS. OUR DATA ON PERSISTENCE FROM SPRING 2020 TO SPRING 2022 IS UNEQUIVOCAL: STUDENTS WHO RECEIVE THESE FUNDS ARE FAR MORE LIKELY TO CONTINUE THEIR STUDIES AND EARN THEIR DEGREE OR CERTIFICATE; DIRECT STUDENT SUPPORT IS ONE OF THE MOST EFFECTIVE WAYS TO MAKE AN IMPACT THROUGH PHILANTHROPY. THIS ISN'T JUST SHORT-TERM RELIEF; IT'S A LONG-LASTING INVESTMENT IN ACADEMIC PERSISTENCE AND FUTURE OPPORTUNITIES.

  Expenses $1,823,894 · Grants $358,298

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• MIRACOSTA COMMUNITY COLLEGE DISTRICT

  $358,298

  SUPPORT MIRACOSTA COLLEGE PROGRAMS & DIRECT STUDENT GRANTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• MIRACOSTA COMMUNITY COLLEGE DISTRICT

  115 · EDUCATION · CA

Provenance

Return type

form_990

Tax year

2023

Filed

7 May 2025

IRS schema version

2023v6.0

Source object

202521329349305667

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