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Nonprofiteer
← CUESTA COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by CUESTA COLLEGE FOUNDATION.

Totals

Total revenue
$6,157,012
Total expenses
$3,952,961
Contributions and grants received
$3,462,501
Grants paid
$2,805,252
Program service revenue
$0
Investment income
$2,263,694
Other revenue
$430,817
Total assets, end of year
$60,371,632
Total liabilities, end of year
$2,456,911
Net assets or fund balances, end of year
$57,914,721
Program services expenses (Part IX)
$2,909,752
Management and general expenses
$821,871
Fundraising expenses
$221,338
Program service expenses (Part III)
$2,909,752

Program services were 73.6% 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.

  • 1e · Government grants (contributions)

    $748,751

  • 1f · All other contributions, gifts and grants

    $2,713,750

  • 1g · Noncash contributions included above

    $127,507

  • 3 · Investment income

    total $1,417,060 · excluded $1,417,060

  • 7a · Gross sales of assets other than inventory

    securities $2,721,184

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

    securities $1,874,550

  • 7c · Gain or loss

    securities $846,634

  • 7d · Net gain or loss

    total $846,634 · excluded $846,634

  • 8a · Fundraising events: gross income

    $7,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $7,000 · excluded $7,000

  • 11a · Other revenue: SPLIT INTEREST AGREEMENTS

    total $411,792 · related or exempt $411,792

  • 11b · Other revenue: SPONSORSHIP/ADVERTISEMENT REVENUE

    total $12,000 · related or exempt $12,000

  • 11c · Other revenue: MISC INCOME

    total $25 · related or exempt $25

  • 11e · Other revenue, total

    $423,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,805,252 · program services $2,805,252

  • 11a · Fees: management

    total $816,287 · management and general $688,752 · fundraising $127,535

  • 11c · Fees: accounting

    total $39,830 · management and general $39,830

  • 12 · Advertising and promotion

    total $45,843 · fundraising $45,843

  • 13 · Office expenses

    total $70,193 · management and general $63,497 · fundraising $6,696

  • 14 · Information technology

    total $7,540 · fundraising $7,540

  • 16 · Occupancy

    total $26,862 · management and general $15,357 · fundraising $11,505

  • 17 · Travel

    total $6,432 · management and general $865 · fundraising $5,567

  • 19 · Conferences, conventions and meetings

    total $16,647 · fundraising $16,647

  • 22 · Depreciation, depletion and amortization

    total $104,500 · program services $104,500

  • 24a · Other expenses: BANK FEES

    total $13,570 · management and general $13,570

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $5 · fundraising $5

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $211,199 · end of year $270,391

  • 2 · Savings and temporary cash investments

    beginning of year $6,165,685 · end of year $9,498,007

  • 3 · Pledges and grants receivable

    beginning of year $233,890 · end of year $234,404

  • 8 · Inventories for sale or use

    beginning of year $2,750 · end of year $2,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,099 · end of year $11,850

  • 10a · Land, buildings and equipment: cost or other basis

    $1,100,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $261,250

  • 10c · Land, buildings and equipment, net

    beginning of year $943,250 · end of year $838,750

  • 11 · Investments: publicly traded securities

    beginning of year $41,869,808 · end of year $44,627,316

  • 15 · Other assets

    beginning of year $4,242,000 · end of year $4,888,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $805,829 · end of year $1,581,593

  • 18 · Grants payable

    beginning of year $350,000 · end of year $350,000

  • 19 · Deferred revenue

    beginning of year $631,446 · end of year $525,318

  • 27 · Net assets without donor restrictions

    beginning of year $2,540,708 · end of year $2,067,198

  • 28 · Net assets with donor restrictions

    beginning of year $49,446,698 · end of year $55,847,523

Mission and programs · 2024

Mission

THE CUESTA COLLEGE FOUNDATION SUPPORTS THE EXCELLENCE OF CUESTA COLLEGE BY ENGAGING THE COMMUNITY AND BUILDING PHILANTHROPIC RESOURCES. THE FUNDS RAISED AND MANAGED BY THE FOUNDATION STRENGTHEN COLLEGE PROGRAMS, PROVIDE EDUCATIONAL OPPORTUNITIES, AND EMPOWER STUDENTS TO SUCCEED.

  • FUNDS PROVIDED TO COLLEGE DEPARTMENTS FOR INSTRUCTIONAL MATERIALS AND SUPPORT OF COLLEGE PROGRAMS.

    Expenses $1,057,087 · Grants $1,057,087

  • PROVIDE SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS.

    Expenses $1,345,558 · Grants $1,345,558

  • FUNDS FOR CAPITAL EXPENDITURES THAT THE COLLEGE INCCURS.

    Expenses $402,607 · Grants $402,607

  • DEPRECATION RELATED TO AIRCRAFT USED IN MAINTENCE PROGRAM

    Expenses $104,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Grigger Jones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Jeff Darnton

    VICE PRESIDENT/DEVELOPMENT

    Total calculated
    $0
    Hours/week
    2
  • Scott Lathrop

    VICE PRESIDENT/MEMBERSHIP

    Total calculated
    $0
    Hours/week
    2
  • Janice Fong Wolf

    VICE PRESIDENT/ALUMNI RELA

    Total calculated
    $0
    Hours/week
    2
  • Craig Darnell

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Jim Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Boyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stuart Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Dressler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cyndee Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Silvio Favoreto

    DIRECTOR

    Total calculated
    $294,240
    From this org
    $0
    From related orgs
    $248,529
    Other
    $45,711
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $248,529 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,900 related
    Nontaxable benefits
    $0 + $8,811 related
    Filer's total
    $0 + $294,240 related
  • Angelica Fortin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rob Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nella Girolo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary E Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robyn Letters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve McGrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Mortimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pragna Patel-Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Perrault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • George Pudlo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Rolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Strobridge

    DIRECTOR

    Total calculated
    $3,024
    From this org
    $0
    From related orgs
    $3,024
    Other
    $0
    Hours/week
    1
  • Erich Tucker

    DIRECTOR

    Total calculated
    $182,399
    From this org
    $0
    From related orgs
    $145,750
    Other
    $36,649
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $145,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,838 related
    Nontaxable benefits
    $0 + $8,811 related
    Filer's total
    $0 + $182,399 related
  • Nestor Veloz-Passalacqua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Vines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cara Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Stearns

    DIRECTOR

    Total calculated
    $391,453
    From this org
    $0
    From related orgs
    $318,852
    Other
    $72,601
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,852 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $60,901 related
    Nontaxable benefits
    $0 + $11,700 related
    Filer's total
    $0 + $391,453 related
  • Joseph Brocar

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Zach Stever

    STUDENT REPRESENTATIVE

    Total calculated
    $1,260
    From this org
    $0
    From related orgs
    $1,260
    Other
    $0
    Hours/week
    1
  • Jon Jenkins

    HONORARY DIRECTOR, NON-VOT

    Total calculated
    $0
    Hours/week
    0
  • Gilbert H Stork

    HONORARY DIRECTOR, NON-VOT

    Total calculated
    $0
    Hours/week
    0
  • Shannon Hill

    EXECUTIVE DIRECTOR, NON-VO

    Total calculated
    $230,926
    From this org
    $0
    From related orgs
    $172,799
    Other
    $58,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $172,799 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,427 related
    Nontaxable benefits
    $0 + $11,700 related
    Filer's total
    $0 + $230,926 related
  • Rick Camarillo

    DR FDN FISCAL SERVICES, NON-VO

    Total calculated
    $191,141
    From this org
    $0
    From related orgs
    $138,365
    Other
    $52,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $138,365 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,176 related
    Nontaxable benefits
    $0 + $15,600 related
    Filer's total
    $0 + $191,141 related
  • Jessica Strano

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $156,633
    From this org
    $0
    From related orgs
    $120,953
    Other
    $35,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $120,953 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,500 related
    Nontaxable benefits
    $0 + $3,180 related
    Filer's total
    $0 + $156,633 related
  • Katie Osman

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $2,056
    From this org
    $0
    From related orgs
    $853
    Other
    $1,203
    Hours/week
    40
  • Elizabeth Coria

    DIRECTOR - FORMER

    Total calculated
    $298,298
    From this org
    $0
    From related orgs
    $237,362
    Other
    $60,936
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,362 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,336 related
    Nontaxable benefits
    $0 + $15,600 related
    Filer's total
    $0 + $298,298 related
  • Dan Troy

    DIRECTOR - FORMER

    Total calculated
    $136,018
    From this org
    $0
    From related orgs
    $106,209
    Other
    $29,809
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $106,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,337 related
    Nontaxable benefits
    $0 + $1,472 related
    Filer's total
    $0 + $136,018 related
  • Jason Curtis

    DIRECTOR - FORMER

    Total calculated
    $282,579
    From this org
    $0
    From related orgs
    $237,362
    Other
    $45,217
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,362 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,538 related
    Nontaxable benefits
    $0 + $3,679 related
    Filer's total
    $0 + $282,579 related
  • John Knutson

    DIRECTOR - FORMER

    Total calculated
    $204,302
    From this org
    $0
    From related orgs
    $156,679
    Other
    $47,623
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,679 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,943 related
    Nontaxable benefits
    $0 + $16,680 related
    Filer's total
    $0 + $204,302 related
  • Monica Millard

    DIRECTOR - FORMER

    Total calculated
    $194,448
    From this org
    $0
    From related orgs
    $149,075
    Other
    $45,373
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,075 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,693 related
    Nontaxable benefits
    $0 + $16,680 related
    Filer's total
    $0 + $194,448 related
  • Melissa Richerson

    DIRECTOR - FORMER

    Total calculated
    $316,736
    From this org
    $0
    From related orgs
    $237,362
    Other
    $79,374
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,362 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $63,774 related
    Nontaxable benefits
    $0 + $15,600 related
    Filer's total
    $0 + $316,736 related
  • Hunter Perry

    DIRECTOR - FORMER

    Total calculated
    $126,368
    From this org
    $0
    From related orgs
    $91,360
    Other
    $35,008
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $91,360 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,840 related
    Nontaxable benefits
    $0 + $9,168 related
    Filer's total
    $0 + $126,368 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. 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

  • SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE

    $1,345,558

    FUNDING OF SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS

  • SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE

    $1,010,963

    CUESTA COMMUNITY COLLEGE SUPPORT

  • SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE

    $402,607

    FUNDING OF CAPITAL EXPENDITURES

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.

  • SAN LUIS OBISPO COMMUNITY COLLEGE DISTRICT

    115 · PROVIDE EDUCATION AT THE COMMUNITY COLLEGE LEVEL · CA

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.

  • SPLIT INTEREST TRUSTS (16)

    T · CHARITABLE REMAINDER TRUSTS · CA

Provenance

Return type
form_990
Tax year
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202533529349301508

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