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← SIERRA COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by SIERRA COLLEGE FOUNDATION.

Totals

Total revenue
$4,076,514
Total expenses
$1,515,747
Contributions and grants received
$3,165,820
Grants paid
$877,994
Program service revenue
$0
Investment income
$868,060
Other revenue
$42,634
Total assets, end of year
$18,809,621
Total liabilities, end of year
$132,139
Net assets or fund balances, end of year
$18,677,482
Program services expenses (Part IX)
$1,018,543
Management and general expenses
$304,519
Fundraising expenses
$192,685
Program service expenses (Part III)
$1,018,543

Program services were 67.2% 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.

  • 1c · Fundraising events

    $515,749

  • 1d · Related organizations

    $402,900

  • 1f · All other contributions, gifts and grants

    $2,247,171

  • 1g · Noncash contributions included above

    $58,575

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $413,321 · excluded $413,321

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,030,021

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

    securities $8,575,282

  • 7c · Gain or loss

    securities $454,739 · other assets $0

  • 7d · Net gain or loss

    total $454,739 · excluded $454,739

  • 8a · Fundraising events: gross income

    $188,296

  • 8a · Fundraising events: contributions included on line 1c

    $515,749

  • 8b · Fundraising events: direct expenses

    $169,072

  • 8c · Net income from fundraising events

    total $19,224 · excluded $19,224

  • 9a · Gaming: gross income

    $23,410

  • 9c · Net income from gaming

    total $23,410 · excluded $23,410

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,061 · program services $500,061

  • 2 · Grants to domestic individuals

    total $377,933 · program services $377,933

  • 5 · Compensation of officers, directors and key employees

    total $164,962 · program services $54,631 · management and general $35,266 · fundraising $75,065

  • 7 · Other salaries and wages

    total $213,649 · program services $70,754 · management and general $45,675 · fundraising $97,220

  • 9 · Other employee benefits

    total $10,655 · program services $2,344 · management and general $2,344 · fundraising $5,967

  • 10 · Payroll taxes

    total $30,243 · program services $9,424 · management and general $6,386 · fundraising $14,433

  • 11f · Fees: investment management

    total $77,291 · management and general $77,291 · fundraising $0

  • 11g · Fees: other

    total $100,723 · program services $0 · management and general $100,723 · fundraising $0

  • 12 · Advertising and promotion

    total $543 · management and general $543

  • 13 · Office expenses

    total $22,230 · program services $3,396 · management and general $18,834

  • 16 · Occupancy

    total $2,068 · management and general $2,068

  • 17 · Travel

    total $7,032 · management and general $7,032

  • 20 · Interest

    total $8 · management and general $8

  • 23 · Insurance

    total $303 · management and general $303

  • 24a · Other expenses: LICENSE

    total $4,737 · management and general $4,737

  • 24b · Other expenses: MEMBERSHIP & DUES

    total $2,402 · management and general $2,402

  • 24c · Other expenses: TAXES

    total $907 · management and general $907

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $663,549 · end of year $699,213

  • 2 · Savings and temporary cash investments

    beginning of year $742,181 · end of year $1,318,090

  • 4 · Accounts receivable

    beginning of year $40,617 · end of year $57,564

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,750 · end of year $17,350

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,782,654 · end of year $15,898,444

  • 12 · Investments: other securities

    beginning of year $15,443 · end of year $818,960

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,510 · end of year $132,139

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,276,844 · end of year $5,292,624

  • 28 · Net assets with donor restrictions

    beginning of year $10,785,840 · end of year $13,384,858

Mission and programs · 2023

Mission

PROVIDE OUR COMMUNITY THE OPPORTUNITY TO INVEST IN THE DEVELOPMENT OF QUALITY EDUCATIONAL OPPORTUNITIES FOR ALL AT SIERRA JOINT COMMUNITY COLLEGE DISTRICT. RAISE FUNDS IN SUPPORT OF OUR STUDENTS AND COLLEGE PROGRAMS.

  • THE SIERRA COLLEGE FOUNDATION PROVIDES MEMBERS OF THE COMMUNITY THE OPPORTUNITY TO ASSIST AND INVEST IN THE DEVELOPMENT OF QUALITY EDUCATIONAL OPPORTUNITIES FOR SIERRA JOINT COMMUNITY COLLEGE STUDENTS. IN CONCERT WITH THE COLLEGE AND THE COMMUNITY IT SERVES, THE FOUNDATION COMMITS ITSELF TO WORK TOWARD EDUCATIONAL EXCELLENCE BY IDENTIFYING DONOR RESOURCES TO SUPPORT A LEARNING ENVIRONMENT ENRICHED BY DIVERSITY, WHICH PROMOTES PERSONAL AND PROFESSIONAL SUCCESS, LEADERSHIP, INNOVATION, RESPONSIBILITY, AND A SENSE OF COMMUNITY. SOME OF THE HIGHLIGHTS INCLUDE: THE GUARDIAN SCHOLAR PROGRAM OFFERS COMPREHENSIVE FINANCIAL AND EDUCATIONAL SUPPORT TO EMANCIPATED YOUTH ATTENDING SIERRA JOINT COMMUNITY COLLEGE TO ENSURE THEIR EDUCATIONAL SUCCESS. SIERRA COLLEGE FOUNDATION RAISES FUNDS TO SUPPORT SIERRA JOINT COMMUNITY COLLEGE IN DEVELOPING A CULTURE OF INNOVATION AND EXPERIMENTATION WITH A GOAL OF IMPROVING THE LIVES OF STUDENTS, FAMILIES, AND OUR COMMUNITY. SIERRA COLLEGE FOUNDATION RAISES FUNDS TO OFFER FINANCIAL AID TO VETERANS ATTENDING SIERRA JOINT COMMUNITY COLLEGE, IN THE FORM OF BOOK VOUCHERS, GAS CARDS, EMERGENCY FUNDS, ETC. SIERRA COLLEGE FOUNDATION RAISES FUNDS TO SUPPORT STUDENTS WITH ONE-TIME EMERGENCIES THAT COULD POTENTIALLY IMPACT THEIR ABILITY TO STAY IN SCHOOL, I.E. TEMPORARY LODGING, HEALTH CARE, CAR REPAIRS, BOOK VOUCHERS, GAS MONEY, ETC. SIERRA COLLEGE FOUNDATION OFFERS SCHOLARSHIPS ANNUALLY, WHICH BENEFIT NUMEROUS SIERRA JOINT COMMUNITY COLLEGE STUDENTS.

    Expenses $1,018,543 · Grants $877,994

As filed on the 2023 return.

Listed in Part VII

  • Amanda Merz

    VP RESOURCE DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1
  • Ed Bonner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Grace Bowen

    VP GOVERNANCE

    Total calculated
    $0
    Hours/week
    1
  • John Crenshaw

    VP STRATEGIC PLAN (Until Sept 2023)

    Total calculated
    $0
    Hours/week
    1
  • Kevin Barri

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kris Mapes

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    1
  • Michael Wagener

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert Dugan

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Caitlin Ross

    MEMBER (until Sept 2023)

    Total calculated
    $0
    Hours/week
    1
  • Cari Dawson-Bartley

    SIERRA COLLEGE BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Dave Breninger

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Debbie Reitter

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Holly Tiche

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Josh Hart

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Judy East

    NCC COORDINATING COUNCIL

    Total calculated
    $0
    Hours/week
    1
  • Laura Latimer

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Merryl Tengesdal

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ned Cohen

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robin Klomparens

    MEMBER (Until Jan 2024)

    Total calculated
    $0
    Hours/week
    1
  • Robin Trimble

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ryan Ronco

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Willy Duncan

    DISTRICT PRESIDENT/SUPERINTENDENT

    Total calculated
    $512,553
    From this org
    $0
    From related orgs
    $372,760
    Other
    $139,793
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,922 related
    Bonus
    $0 + $3,620 related
    Other
    $0 + $34,218 related
    Deferred
    $0 + $98,030 related
    Nontaxable benefits
    $0 + $41,763 related
    Filer's total
    $0 + $512,553 related
  • Sonbol Aliabadi

    EXECUTIVE DIRECTOR

    Total calculated
    $164,962
    From this org
    $156,168
    From related orgs
    $0
    Other
    $8,794
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $150,168
    Bonus
    $0
    Other
    $6,000
    Deferred
    $6,530
    Nontaxable benefits
    $2,264
    Filer's total
    $164,962

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

  • Sierra Joint Community College District

    $500,061

    Educational Support

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.

  • SIERRA JOINT COMMUNITY COLLEGE DISTRICT

    501(c)(1) · COMMUNITY COLLEGE DISTRICT · CA

    Directly controlled by na

  • ASSOCIATED STUDENTS OF SIERRA COLLEGE

    501(c)(3) · Student Services · CA

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511349349312776

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