Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,101,359

• 1g · Noncash contributions included above

  $105,793

• 2a · Program service revenue: PROGRAM AND OTHER FEES

  total $92,399 · related or exempt $92,399

• 3 · Investment income

  total $316,700 · excluded $316,700

• 7a · Gross sales of assets other than inventory

  securities $3,467,927

• 7b · Less cost or other basis and sales expenses

  securities $3,073,015

• 7c · Gain or loss

  securities $394,912

• 7d · Net gain or loss

  total $394,912 · excluded $394,912

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $909,990 · program services $909,990

• 7 · Other salaries and wages

  total $306,224 · program services $106,689 · management and general $75,687 · fundraising $123,848

• 9 · Other employee benefits

  total $103,576 · program services $36,086 · management and general $25,600 · fundraising $41,890

• 10 · Payroll taxes

  total $40,530 · program services $14,121 · management and general $10,017 · fundraising $16,392

• 11c · Fees: accounting

  total $17,325 · management and general $17,325

• 11f · Fees: investment management

  total $48,722 · management and general $48,722

• 11g · Fees: other

  total $37,884 · program services $37,884

• 12 · Advertising and promotion

  total $11,303 · fundraising $11,303

• 13 · Office expenses

  total $57,940 · program services $42,376 · management and general $684 · fundraising $14,880

• 17 · Travel

  total $29,169 · program services $27,258 · management and general $1,911

• 24a · Other expenses: HOSPITALITY

  total $438,871 · program services $427,324 · fundraising $11,547

• 24b · Other expenses: IN-KIND CONTRIBUTIONS

  total $105,793 · program services $86,593 · management and general $19,200

• 24c · Other expenses: EQUIPMENT AND MAINTENAN

  total $44,695 · program services $44,695

• 24d · Other expenses: ALL OTHER

  total $21,019 · program services $3,930 · management and general $17,089

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $168,242 · end of year $86,885

• 3 · Pledges and grants receivable

  beginning of year $1,979,296 · end of year $1,979,142

• 12 · Investments: other securities

  beginning of year $14,003,608 · end of year $15,090,384

• 15 · Other assets

  beginning of year $1,670,544 · end of year $1,742,123

• 17 · Accounts payable and accrued expenses

  beginning of year $29,584 · end of year $69,888

• 25 · Other liabilities

  beginning of year $982,223 · end of year $951,176

• 27 · Net assets without donor restrictions

  beginning of year $2,081,493 · end of year $2,203,763

• 28 · Net assets with donor restrictions

  beginning of year $14,728,390 · end of year $15,673,707

The filer's explanations (Part III)

PART 1, LINE 3

COMPENSATION FROM THE RELATED ORGANIZATION, EL CAMINO COMMUNITY COLLEGE DISTRICT (THE "COLLEGE"), IS DETERMINED BASED ON WRITTEN EMPLOYMENT CONTRACTS AND APPROVAL OF THE BOARD. COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR IS FULLY PAID BY THE COLLEGE AND THE FOUNDATION REIMBURSES THE COLLEGE FOR HALF OF THE TOTAL PAYROLL COSTS.