Totals
- Total revenue
- $10,338,799
- Total expenses
- $5,004,452
- Contributions and grants received
- $7,823,140
- Grants paid
- $3,066,170
- Program service revenue
- $934,344
- Investment income
- $1,586,682
- Other revenue
- -$5,367
- Total assets, end of year
- $56,395,509
- Total liabilities, end of year
- $3,009,203
- Net assets or fund balances, end of year
- $53,386,306
- Program services expenses (Part IX)
- $3,568,947
- Management and general expenses
- $1,132,611
- Fundraising expenses
- $302,894
- Program service expenses (Part III)
- $3,568,947
Program services were 71.3% 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
$309,576
-
1f · All other contributions, gifts and grants
$7,513,564
-
1g · Noncash contributions included above
$103,890
-
2a · Program service revenue: Endowment management fee
total $630,163 · related or exempt $630,163
-
2b · Program service revenue: fee income
total $285,908 · related or exempt $285,908
-
2c · Program service revenue: operational endowment pay
total $18,273 · related or exempt $18,273
-
3 · Investment income
total $1,121,576 · excluded $1,121,576
-
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 $26,204,334
-
7b · Less cost or other basis and sales expenses
securities $25,739,228
-
7c · Gain or loss
securities $465,106
-
7d · Net gain or loss
total $465,106 · related or exempt $465,106
-
8a · Fundraising events: contributions included on line 1c
$309,576
-
8b · Fundraising events: direct expenses
$6,557
-
8c · Net income from fundraising events
total -$6,557
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: other income
total $1,190 · related or exempt $1,190
-
11e · Other revenue, total
$1,190
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,471,692 · program services $1,471,692
-
2 · Grants to domestic individuals
total $1,594,478 · program services $1,594,478
-
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 $254,948 · program services $129,719 · management and general $85,338 · fundraising $39,891
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $367,470 · program services $186,970 · management and general $123,002 · fundraising $57,498
-
8 · Pension plan contributions
total $86,375 · program services $41,981 · management and general $30,474 · fundraising $13,920
-
9 · Other employee benefits
total $131,335 · program services $63,832 · management and general $46,337 · fundraising $21,166
-
10 · Payroll taxes
total $47,736 · program services $22,376 · management and general $17,941 · fundraising $7,419
-
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 $729,608 · management and general $729,608
-
11g · Fees: other
total $46,800 · program services $18,716 · management and general $14,042 · fundraising $14,042
-
12 · Advertising and promotion
total $3,460 · program services $1,384 · management and general $1,038 · fundraising $1,038
-
13 · Office expenses
total $10,540 · program services $550 · management and general $9,483 · fundraising $507
-
14 · Information technology
total $25,683 · program services $12,846 · management and general $6,423 · fundraising $6,414
-
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 $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $10,743 · program services $4,884 · management and general $4,189 · fundraising $1,670
-
24a · Other expenses: In-kind donation
total $97,333 · management and general $41,535 · fundraising $55,798
-
24b · Other expenses: events and public relations
total $70,266 · fundraising $70,266
-
24c · Other expenses: printing
total $15,837 · program services $5,012 · management and general $8,321 · fundraising $2,504
-
24d · Other expenses: postage and delivery
total $13,188 · program services $6,342 · management and general $3,676 · fundraising $3,170
-
24e · All other expenses
total $26,960 · program services $8,165 · management and general $11,204 · fundraising $7,591
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $572,003 · end of year $692,674
-
2 · Savings and temporary cash investments
beginning of year $5,718,038 · end of year $3,562,294
-
3 · Pledges and grants receivable
beginning of year $197,506 · end of year $103,952
-
4 · Accounts receivable
beginning of year $107,606 · end of year $66,732
-
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 $29,340 · end of year $32,700
-
10a · Land, buildings and equipment: cost or other basis
$36,303
-
10b · Land, buildings and equipment: accumulated depreciation
$36,303
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $39,390,187 · end of year $51,937,157
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,294,587 · end of year $2,241,146
-
25 · Other liabilities
beginning of year $769,634 · end of year $768,057
-
27 · Net assets without donor restrictions
beginning of year $1,546,812 · end of year $2,173,519
-
28 · Net assets with donor restrictions
beginning of year $41,403,647 · end of year $51,212,787
Mission and programs · 2023
Mission
To provide private support for student scholarships, emergency financial support to increase student success, innovative mentoring, and support for youth to attend college and support for academic programs and facilities.
Activities or mission (Part I)
To provide student scholarships, increase student success, and support of academic programs.
-
Scholarships - Cabrillo is designed to give students an on-ramp to post-secondary education - an education that provides potential to build a better life. The Cabrillo College Foundation helps by easing the financial barrier to attend college. We awarded $1,594,478 in scholarships to help students make ends meet. Through our Women's Educational Success program, we put up to $1,000 in the hands of students with an unexpected expense usually in a few days!
Expenses $1,788,162 · Grants $1,594,478
-
Donations to Cabrillo College Foundation are investments in the human potential of our students and the wider community we serve. The Cabrillo College Foundation helps by providing student support at every level. Faculty Innovation support faculty who innovate ways to improve the classroom experience. Cabrillo Advancement Program: From middle school and continuing through high school, CAP students receive tutoring, counseling and activities that help them see college as a real choice. Tutoring: we support peer to peer tutoring for greater student success. Student Support Services: for special populations such as veterans and former foster youth. The foundation also provides support to over 100 college programs such as engineering, nursing, visual and performing arts, athletics, and the Stroke Center.
Expenses $1,780,785 · Grants $1,471,692
As filed on the 2023 return.
Listed in Part VII
-
Matt Wetstein
President
- Total calculated
- $425,190
- From this org
- $0
- From related orgs
- $329,568
- Other
- $95,622
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $329,568 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $95,622 related
- Filer's total
- not reported + $425,190 related
-
Bradley Olin
VP of Admin
- Total calculated
- $351,470
- From this org
- $0
- From related orgs
- $239,051
- Other
- $112,419
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $239,051 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $112,419 related
- Filer's total
- not reported + $351,470 related
-
Amy Lehman-Sexton
Director
- Total calculated
- $287,712
- From this org
- $0
- From related orgs
- $240,095
- Other
- $47,617
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $240,095 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $47,617 related
- Filer's total
- not reported + $287,712 related
-
Travaris Harris
Director
- Total calculated
- $281,042
- From this org
- $0
- From related orgs
- $227,966
- Other
- $53,076
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $227,966 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $53,076 related
- Filer's total
- not reported + $281,042 related
-
Eileen Hill
Executive DIrector
- Total calculated
- $254,948
- From this org
- $195,319
- From related orgs
- $0
- Other
- $59,629
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,319
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $59,629
- Filer's total
- $254,948
-
Kristin Wilson
Director
- Total calculated
- $247,621
- From this org
- $0
- From related orgs
- $173,716
- Other
- $73,905
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $173,716 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $73,905 related
- Filer's total
- not reported + $247,621 related
-
Rachel Wedeen
President
- Total calculated
- $0
- Hours/week
- 5
-
Edward Newman
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Pegi Ard
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Michelle Bassi
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Patty Quillin
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Rob Allen
Director
- Total calculated
- $0
- Hours/week
- 2
-
Karen Cogswell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn Cowan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sesario Escoto
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jan Furman
Director
- Total calculated
- $0
- Hours/week
- 2
-
Diane Koenig
Director
- Total calculated
- $0
- Hours/week
- 2
-
Vance Landis-Carey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rick Li Fo Sjoe
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rene Mendez
Director
- Total calculated
- $0
- Hours/week
- 2
-
Erica Ow
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cory Ray
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan Rothwell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Spencer Russell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ron Sekkel
Director
- Total calculated
- $0
- Hours/week
- 2
-
Karen Semingson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rachael Spencer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Trevor Strudley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kate Terrell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Julie Thiebaut
Director
- Total calculated
- $0
- Hours/week
- 2
-
Donna Ziel
Director
- Total calculated
- $0
- Hours/week
- 2
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 survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
-
Cabrillo Community College
$1,471,692
Support College Programs
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.
-
Cabrillo Community College District
Govnt · College District · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530449349300938
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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