Saddleback College Foundation FY2022 filing

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To enhance the quality of higher education by gaining financial support for academic, athletic, and cultural programs of Saddleback College.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $493K a year · 27% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $9.1M in investments, Pt X · Ln 11–13
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$98K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 17 voting members
Looks good: 12 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+28% vs prior year
Spent
$1.5M
To programs
71%
Net assets
$11.6M
By yearFY2020–FY2025
Revenue
$2.1M
FY2022▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$2.1M
FY2023$1.4M
FY2024$1.8M
FY2025$2.4M
Expenses
$1.5M
FY2022▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.2M
FY2022$1.5M
FY2023$1.0M
FY2024$1.3M
FY2025$1.3M
Net assets
$11.6M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.6M
FY2021$12.8M
FY2022$11.6M
FY2023$12.7M
FY2024$13.7M
FY2025$15.3M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.0M Management & general 9% · $133K Fundraising 20% · $287K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Elizabeth McCann’s $257K as Executive Director is at the 92nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Saddleback College Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises to support Saddleback College's academic, athletic, and cultural programs.

Questions for Saddleback College Foundation

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1 program · $1.0M · in their own filed words · FY2021
01

Performing artists perform and teach classes in order to enhance educational and cultural growth; financial support and scholarships are distributed to students through a selection process and financial and in-kind support is provided for the athletic programs and teams to enhance student participation and success.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 6 grants · $2.9M · 2019–2024
Unitemized GrantFY2024$550,020
Unitemized GrantFY2023$555,475
Unitemized GrantFY2022$463,623
Unitemized GrantFY2021$401,296
Unitemized GrantFY2020$426,191
Unitemized GrantFY2019$492,862

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$468K
Fees for servicesLn 2g$26K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.0M
Managementcol C$133K
Fundraisingcol D$287K
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$194K
Total assetsLn 16$11.7M
LiabilitiesLn 26$98K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$43K
Fundraising eventsLn 1c$215K
Fees for servicesLn 2g$26K
Investment incomeLn 3$468K
Gains on assetsLn 7$263K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$194K
Cash and savings togetherLn 1–2$194K
Pledges and grants receivableLn 3$1.4M
Accounts receivableLn 4$68K
Prepaid expenses and deferred chargesLn 9$90K
InvestmentsLn 11–13$9.1M
Other assetsLn 15$908K
Total assetsLn 16$11.7M
LiabilitiesLn 26$98K
Net assetsLn 32$11.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6211
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$43K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$38K
Share of the $6.7M endowmentSch D 1g0.57%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$6.7M$5.3M$4.3M$4.6M$4.5M
Given inLn 1b$100K$241K$192K$168K$319K
SpentLn 1d–1f$225K$240K$387K$280K$139K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$120K$194K
InvestmentsLn 11–13$10.5M$9.1M
Total assetsLn 16$12.8M$11.7M
LiabilitiesLn 26$72K$98K
Net assetsLn 32$12.8M$11.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$401K$401K
Other salaries and wagesLn 7$413K$209K$71K$133K
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$67K$66K$1K
Office expensesLn 13$64K$64K
Conferences, conventions and meetingsLn 19$13K$11K$1K
Other expenses (24a–d)Ln 24$423K$260K$9K$154K
All other expensesLn 24e$32K$20K$13K
Total functional expensesLn 25$1.5M$1.0M$133K$287K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 2, 2026 $2.4M$1.3M$1.1M$15.3M 990 PDF
FY2024Filed with the IRS Apr 3, 2025 $1.8M$1.3M$482K$13.7M 990 PDF
FY2023Filed with the IRS Feb 13, 2024 $1.4M$1.0M$345K$12.7M 990 PDF
FY2022 ViewingFiled with the IRS Mar 10, 2023 $2.1M$1.5M$600K$11.6M 990 PDF
FY2021Filed with the IRS Mar 8, 2022 $1.6M$1.2M$427K$12.8M 990 PDF
FY2020Filed with the IRS Mar 15, 2021 $1.7M$1.7M−$17K$10.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,051,430 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $937,184$1,624,606
I-9 Program service revenuePrior year $151,824$25,847
I-10 Investment incomePrior year $509,993$467,966
I-11 Other revenuePrior year $2,599−$66,989
I-12 Total revenuePrior year $1,601,600$2,051,430
I-13 Grants and similar amounts paidPrior year $433,242$401,296
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $350,891$412,566
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $390,662$637,136
I-18 Total expensesPrior year $1,174,795$1,450,998
I-19 Revenue less expensesPrior year $426,805$600,432
Part VI · Governance 12 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,051,430 across 10 lines filed
VIII-1c Fundraising events$215,020
VIII-1f All other contributions, gifts and grants$1,409,586
VIII-1g Noncash contributions (included above)$42,752
VIII-1h Total contributions, gifts and grants$1,624,606
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,847$25,847
VIII-3 Investment incomeExcluded from tax $205,351$205,351
VIII-7 Net gain or loss on sales of assetsExcluded from tax $262,615$262,615
VIII-8 Net income from fundraising eventsExcluded from tax −$91,835−$91,835
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $24,846$24,846
VIII-12 Total revenueRelated to mission $50,693 · Unrelated business $0 · Excluded from tax $376,131$2,051,430
Part IX · Statement of functional expenses $1,450,998 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $401,296$401,296
IX-7 Other salaries and wagesPrograms $208,538 · Management $70,926 · Fundraising $133,102$412,566
IX-11f Investment management feesManagement $38,268$38,268
IX-11g Other fees for servicesPrograms $65,725 · Management $1,310$67,035
IX-13 Office expensesPrograms $64,210$64,210
IX-19 Conferences, conventions and meetingsPrograms $11,241 · Management $1,392$12,633
IX-24 Other expenses (24a–d)Programs $260,261 · Management $8,753 · Fundraising $153,720$422,734
IX-24e All other expensesPrograms $19,560 · Management $12,696$32,256
IX-25 Total functional expensesPrograms $1,030,831 · Management $133,345 · Fundraising $286,822$1,450,998
Part X · Balance sheet $11,734,372 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $119,556$193,835
X-3 Pledges and grants receivableStart of year $1,067,014$1,415,205
X-4 Accounts receivableStart of year $3,363$67,861
X-9 Prepaid expenses and deferred chargesStart of year $95,603$89,721
X-11 Publicly traded securitiesStart of year $10,461,673$9,059,985
X-15 Other assetsStart of year $1,094,100$907,765
X-16 Total assetsStart of year $12,841,309$11,734,372
X-17 Accounts payable and accrued expensesStart of year $72,150$87,479
X-25 Other liabilitiesStart of year $0$10,485
X-26 Total liabilitiesStart of year $72,150$97,964
X-27 Net assets without donor restrictionsStart of year $3,629,961$3,378,918
X-28 Net assets with donor restrictionsStart of year $9,139,198$8,257,490
X-32 Total net assets or fund balancesStart of year $12,769,159$11,636,408
X-33 Total liabilities and net assetsStart of year $12,841,309$11,734,372
Part XI · Reconciliation of net assets $11,636,408 net assets at year end
XI-1 Total revenue$2,051,430
XI-2 Total expenses$1,450,998
XI-3 Revenue less expenses$600,432
XI-4 Net assets at start of year$12,769,159
XI-5 Net unrealized gains (losses) on investments−$1,546,848
XI-9 Other changes in net assets−$186,335
XI-10 Net assets at end of year$11,636,408

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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