Form 990 for tax year 2022

Filed by FRESNO PACIFIC UNIVERSITY FOUNDATION.

Totals

Total revenue: $524,884
Total expenses: $1,453,532
Contributions and grants received: $59,927
Grants paid: $1,382,180
Program service revenue: $0
Investment income: $421,432
Other revenue: $43,525
Total assets, end of year: $21,412,950
Total liabilities, end of year: $5,353,229
Net assets or fund balances, end of year: $16,059,721
Program services expenses (Part IX): $1,382,180
Management and general expenses: $71,352
Fundraising expenses: $0
Program service expenses (Part III): $1,382,180

Program services were 95.1% 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.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$59,927
1g · Noncash contributions included above

$17,025
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $205,741 · excluded $205,741
6a · Gross rents

real property $148,950
6b · Less rental expenses

real property $109,243
6c · Rental income or loss

real property $39,707 · personal property $0
6d · Net rental income or loss

total $39,707 · excluded $39,707
7a · Gross sales of assets other than inventory

securities $4,987,112
7b · Less cost or other basis and sales expenses

securities $4,771,421
7c · Gain or loss

securities $215,691 · other assets $0
7d · Net gain or loss

total $215,691 · excluded $215,691
11d · All other revenue

total $3,818 · related or exempt $0 · unrelated business $0 · excluded $3,818
11e · Other revenue, total

$3,818

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,157,146 · program services $1,157,146
2 · Grants to domestic individuals

total $225,034 · program services $225,034
11f · Fees: investment management

total $65,826 · management and general $65,826
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $4,772 · management and general $4,772
24e · All other expenses

total $754 · program services $0 · management and general $754 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $216,972 · end of year $58,683
2 · Savings and temporary cash investments

beginning of year $1,264,929 · end of year $195,789
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $82,732 · end of year $37,539
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$1,680,511
10b · Land, buildings and equipment: accumulated depreciation

$139,559
10c · Land, buildings and equipment, net

beginning of year $1,184,677 · end of year $1,540,952
11 · Investments: publicly traded securities

beginning of year $9,010,342 · end of year $10,223,567
12 · Investments: other securities

beginning of year $0 · end of year $48,240
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $10,154,187 · end of year $9,308,180
17 · Accounts payable and accrued expenses

beginning of year $30,920 · end of year $30,842
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $1,282,751 · end of year $1,236,137
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $4,329,444 · end of year $4,086,250
27 · Net assets without donor restrictions

beginning of year $556,329 · end of year $926,579
28 · Net assets with donor restrictions

beginning of year $15,714,395 · end of year $15,133,142

Mission and programs · 2022

Mission

Fresno Pacific University Foundation exists for the purpose of the advancement and support of education through providing assistance to and benefits for Fresno Pacific University, its students, faculty, and programs.

Activities or mission (Part I)

To support Fresno Pacific University in the fulfillment of its mission.

The Foundation provided 115 scholarships to students meeting qualifications specified by donors. The scholarships are awarded by Fresno Pacific University. THE FOUNDATION PROVIDED A GRANT FOR THE CONSTRUCTION OF THE PERFORMING ARTS CENTER BUILDING.

Expenses $1,382,180 · Grants $1,382,180

As filed on the 2022 return.

Listed in Part VII

Michael Bassim

Vice Chair

Total calculated

$0

Hours/week

1
Robert Herrick

Board Chair

Total calculated

$0

Hours/week

1
Sonya Morgan

Secretary (part year)

Total calculated

$0

Hours/week

1
Tim Franz

Treasurer

Total calculated

$0

Hours/week

1
Don Warkentine

Director

Total calculated

$0

Hours/week

1 + 1 related
Karl Strube

Director

Total calculated

$0

Hours/week

1
Luke DeGroot

Director

Total calculated

$0

Hours/week

1
Roger Nord

Director

Total calculated

$0

Hours/week

1
Donald Griffith

Executive Director (part year)

Total calculated

$124,100

From this org

$0

From related orgs

$113,901

Other

$10,199

Hours/week

20 + 20 related

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.

Grants on this return

Fresno Pacific University

$1,157,146

Construction of the Performance Arts Center

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.

Fresno Pacific University

501(c)(3) · Education · CA

Directly controlled by NA
MBBS-US Inc

501(c)(3) · To support Fresno Pacific University - Biblical Seminary · CA

Directly controlled by Fresno Pacific University

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Charitable Remainder Unitrusts (20)

Trust · Trusts · CA

Directly controlled by Fresno Pacific University Foundation
Net Income Charitable Remainder Unitrusts (17)

Trust · Trusts · CA

Directly controlled by Fresno Pacific University Foundation
Charitable Remainder Annuity Trusts (1)

Trust · Trusts · CA

Directly controlled by Fresno Pacific University Foundation

Provenance

Return type: form_990
Tax year: 2022
Filed: 11 May 2024
IRS schema version: 2022v5.0
Source object: 202431329349300803

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