Skip to content
Nonprofiteer
← ALLAN HANCOCK COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by ALLAN HANCOCK COLLEGE FOUNDATION.

Totals

Total revenue
$3,000,930
Total expenses
$2,037,602
Contributions and grants received
$1,075,443
Grants paid
$1,343,708
Program service revenue
$0
Investment income
$1,304,336
Other revenue
$621,151
Total assets, end of year
$27,857,257
Total liabilities, end of year
$329,010
Net assets or fund balances, end of year
$27,528,247
Program services expenses (Part IX)
$1,747,123
Management and general expenses
$290,479
Fundraising expenses
$0
Program service expenses (Part III)
$1,747,123

Program services were 85.7% 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

    $1,075,443

  • 1g · Noncash contributions included above

    $23,223

  • 3 · Investment income

    total $677,817 · related or exempt $677,817

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $12,267,262

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

    securities $11,640,743

  • 7c · Gain or loss

    securities $626,519

  • 7d · Net gain or loss

    total $626,519 · related or exempt $626,519

  • 8a · Fundraising events: gross income

    $473,793

  • 8b · Fundraising events: direct expenses

    $191,175

  • 8c · Net income from fundraising events

    total $282,618

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other income

  • 11b · Other revenue: Transfers-in

    total $338,533 · excluded $338,533

  • 11e · Other revenue, total

    $338,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $603,164 · program services $603,164

  • 2 · Grants to domestic individuals

    total $740,544 · program services $740,544

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $304,502 · program services $164,332 · management and general $140,170

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $68,966 · program services $25,223 · management and general $43,743

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $41,043 · program services $32,348 · management and general $8,695

  • 12 · Advertising and promotion

    total $3,700 · program services $1,000 · management and general $2,700

  • 13 · Office expenses

    total $134,924 · program services $117,182 · management and general $17,742

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $56,671 · program services $17,127 · management and general $39,544

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Membership and permits

    total $44,534 · program services $10,237 · management and general $34,297

  • 24b · Other expenses: Building and Equipment

    total $36,019 · program services $35,388 · management and general $631

  • 24c · Other expenses: Postage and Shipping

    total $2,308 · management and general $2,308

  • 24d · Other expenses: BANK CHARGES

    total $1,227 · program services $578 · management and general $649

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,004 · end of year $276,157

  • 2 · Savings and temporary cash investments

    beginning of year $303,225 · end of year $195,590

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,244 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,576 · end of year $81,252

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $24,902,749 · end of year $27,295,562

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $17,337 · end of year $8,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,293 · end of year $18,107

  • 18 · Grants payable

    beginning of year $126,287 · end of year $310,903

  • 19 · Deferred revenue

    beginning of year $142,700

  • 27 · Net assets without donor restrictions

    beginning of year $2,584,336 · end of year $3,010,720

  • 28 · Net assets with donor restrictions

    beginning of year $22,798,519 · end of year $24,517,527

Mission and programs · 2024

Mission

TO OPERATE FOR THE ADVANCEMENT OF EDUCATION BY RAISING FUNDS AND BUILDING COMMUNITY SUPPORT TO MEET THE NEEDS OF THE COLLEGE IN THE AREAS OF SCHOLARSHIPS, CAPITAL/INFRASTRUCTURE PROJECTS, AND PROGRAM SUPPORT.

Activities or mission (Part I)

FOR ADVANCEMENT OF EDUCATION BY RAISING FUNDS AND BUILDING COMMUNITY SUPPORT TO MEET THE NEEDS OF THE COLLEGE IN THE AREAS OF SCHOLARSHIPS, CAPITAL/INFRASTRUCTURE PROJECTS, AND PROGRAM SUPPORT.

  • CAMPUS WIDE EDUCATIONAL PROGRAMS: CAMPUS GROUPS ARE PROVIDED FINANCIAL SUPPORT AND SUPPORT SERVICES FOR THE STUDENTS OF THE COLLEGE DISTRICT, IN AGREEMENT WITH THE COLLEGE CURRICULUM.

    Expenses $1,019,138 · Grants $605,177

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $727,985

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Kevin G Walthers PhD

    Sup/President

    Total calculated
    $424,960
    From this org
    $0
    From related orgs
    $344,011
    Other
    $80,949
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $344,011 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $80,949 related
    Filer's total
    not reported + $424,960 related

  • Dennis Curran

    Vice President

    Total calculated
    $279,428
    From this org
    $0
    From related orgs
    $236,706
    Other
    $42,722
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $236,706 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $42,722 related
    Filer's total
    not reported + $279,428 related

  • Jon Hooten PhD

    Executive Dir.

    Total calculated
    $238,294
    From this org
    $0
    From related orgs
    $178,399
    Other
    $59,895
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $178,399 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $59,895 related
    Filer's total
    not reported + $238,294 related

  • Nichole Dechaine

    Faculty Rep

    Total calculated
    $153,087
    From this org
    $0
    From related orgs
    $122,801
    Other
    $30,286
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $122,801 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $30,286 related
    Filer's total
    not reported + $153,087 related

  • Suzanne Levy EdD

    Board Trustee

    Total calculated
    $15,034
    From this org
    $0
    From related orgs
    $3,255
    Other
    $11,779
    Hours/week
    1 + 1 related

  • Jeffery Hall

    College Trustee

    Total calculated
    $13,366
    From this org
    $0
    From related orgs
    $1,587
    Other
    $11,779
    Hours/week
    1 + 1 related

  • Gregory A Pensa

    College Trustee

    Total calculated
    $1,877
    From this org
    $0
    From related orgs
    $1,757
    Other
    $120
    Hours/week
    1 + 1 related

  • Angela Ruiz

    Student Rep

    Total calculated
    $0
    Hours/week
    1

  • Judith Dale

    President

    Total calculated
    $0
    Hours/week
    1

  • Debra Hood

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tim Harrington

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Michael L Gibson

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Naishadh Buch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Cook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lee-Volker Cox

    Director

    Total calculated
    $0
    Hours/week
    1

  • James E Fields

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erica Jane Flores

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Frost

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • George Grama

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Hernandez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Len Jarrott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mario Juarez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sam Orozco

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gloria Soto

    Director

    Total calculated
    $0
    Hours/week
    1

  • MIchael Boyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Brady

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael CArroll

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katie Gorndt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Manny Molera

    Director

    Total calculated
    $0
    Hours/week
    1

  • Candice Monge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Baldiviez

    Director

    Total calculated
    $0
    Hours/week
    1

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.2
Source object
202611149349301006

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.