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← FOUNDATION OF CITY COLLEGE OF SAN FRANCISCO

Form 990 for tax year 2023

Filed by FOUNDATION OF CITY COLLEGE OF SAN FRANCISCO.

Totals

Total revenue
$1,932,185
Total expenses
$1,954,601
Contributions and grants received
$1,208,977
Grants paid
$1,785,796
Program service revenue
$0
Investment income
$723,208
Other revenue
$0
Total assets, end of year
$29,392,073
Total liabilities, end of year
$2,443
Net assets or fund balances, end of year
$29,389,630
Program services expenses (Part IX)
$1,785,796
Management and general expenses
$154,671
Fundraising expenses
$14,134
Program service expenses (Part III)
$1,785,796

Program services were 91.4% 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

    $1,208,977

  • 3 · Investment income

    total $727,172 · excluded $727,172

  • 7a · Gross sales of assets other than inventory

    securities $61,549

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

    securities $65,513

  • 7c · Gain or loss

    securities -$3,964

  • 7d · Net gain or loss

    total -$3,964 · excluded -$3,964

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,785,796 · program services $1,785,796

  • 11c · Fees: accounting

    total $47,160 · management and general $47,160

  • 11f · Fees: investment management

    total $61,549 · management and general $61,549

  • 11g · Fees: other

    total $16,351 · management and general $16,351

  • 13 · Office expenses

    total $9,440 · management and general $7,049 · fundraising $2,391

  • 14 · Information technology

    total $23,486 · management and general $11,743 · fundraising $11,743

  • 17 · Travel

    total $750 · management and general $750

  • 22 · Depreciation, depletion and amortization

    total $72 · management and general $72

  • 23 · Insurance

    total $9,997 · management and general $9,997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $589,495 · end of year $497,542

  • 2 · Savings and temporary cash investments

    beginning of year $1,505,580 · end of year $1,180,567

  • 3 · Pledges and grants receivable

    beginning of year $552,563 · end of year $312,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,250 · end of year $5,043

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

    $117,838

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

    $117,621

  • 10c · Land, buildings and equipment, net

    beginning of year $289 · end of year $217

  • 11 · Investments: publicly traded securities

    beginning of year $24,117,736 · end of year $27,396,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $798 · end of year $2,443

  • 27 · Net assets without donor restrictions

    beginning of year $1,010,448 · end of year $1,291,578

  • 28 · Net assets with donor restrictions

    beginning of year $25,759,667 · end of year $28,098,052

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES SCHOLARSHIPS FOR CCSF STUDENTS, BUILDS AND IMPLEMENTS ENDOWMENT FUNDS TO SUPPORT CCSF STUDENTS AND THE COLLEGE, AND ENLISTS CONTINUING SUPPORT FOR THE COLLEGE WITHIN THE COMMUNITY. THE FOUNDATION PROMOTES AND ASSISTS CCSF PRIMARILY (CONT. ON SCH. O)THROUGH STUDENT SCHOLARSHIPS, ESTABLISHMENT OF FACULTY CHAIRS, AND PARTICIPATION IN SUPPORT (FINANCIAL) OF CCSF PROGRAMS.

Activities or mission (Part I)

THE FOUNDATION PROMOTES AND ASSISTS CCSF PRIMARILY THROUGH STUDENT (CONT. ON SCH. O)SCHOLARSHIPS, ESTABLISHMENT OF FACULTY CHAIRS, AND PARTICIPATION IN SUPPORT (FINANCIAL) OF CCSF PROGRAMS.

  • THE FOUNDATION OF CCSF SUPPORTS STUDENTS AND PROGRAMS AT CITY COLLEGE OF SAN FRANCISCO. FUNDRAISING TO PROVIDE SCHOLARSHIPS IS A MAJOR WORK OF THE FOUNDATION, PRIMARILY THE FOUNDATION PROMISE SCHOLARSHIP, WHICH PROVIDES A $10,000 MERIT SCHOLARSHIP PAID OUT OVER 2 YEARS. AS WELL, ITS BOARD MEMBERS ARE ACTIVELY INVOLVED IN WORKING WITH STUDENTS IN A VARIETY OF PROGRAMS.

    Expenses $1,785,796 · Grants $1,785,796

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mayah Curtis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jeff Mensch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Daisy Cortez

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Steven Brown

    ACADEMIC SENATE REP, CCSF

    Total calculated
    $0
    Hours/week
    2

  • Debra Dooley

    AUXILARY PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Edward Eschbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Martin

    CHANCELLOR, CCSF

    Total calculated
    $0
    Hours/week
    2

  • John Konstin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jaclyn Liu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Naomi Mann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ellen Magnin Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Yumi Nishiyama

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alex Randolph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • George Rush

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joanne Schultz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharon Seto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Snider

    CLASSIFIED SENATE REP, CCS

    Total calculated
    $0
    Hours/week
    2

  • Heather Brandt

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alan Wong

    TRUSTEE, CCSF

    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.

Grants on this return

  • SAN FRANCISCO COMMUNITY COLLEGE DISTRICT

    $1,785,796

    TO PROVIDE SUPPORT FOR PROGRAMS AND SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541359349307329

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