San Diego Squared EIN 85-3336715 Form 990 (PDF) Claim this org

San Diego Squared FY2022 filing

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Develops programs and scholarships for students, creating internship databases and fundraising. For fiscal year 2022 it reported $784K in revenue, $535K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Diego, CA
Website
www.sd2.org
Filings
5 on file (2021–2022)
Revenue
$784KFY2022
Expenses
$535K
Net assets
$1.1M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3336715 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Develops programs and scholarships for students, creating internship databases and fundraising.
Leadership
Harid Puentes · Co-Founder · $165K
Money in and out
$784K revenue, $535K expenses
Bottom line
73% program efficiency
Where the money goes · FY2022
Total revenue
$784K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $249K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.14 Fundraising $0.13
Program efficiency
73%
of spending reaches programs
Operating runway
38.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$784K
FY2022▼ -26%
Expenses
$535K
FY2022▲ +118%
Total assets
$1.9M
FY2022▲ +26%
Total liabilities
$788K
FY2022▲ +21%
Total revenue
$784K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$249K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSan Diego Squared
EINHdr · item D85-3336715
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.sd2.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFDec 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Co-Founder
$164,922Pt VII · Sec A
Director Ex- Officio
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Harid Puentes’s $216K as Co-Founder is at the 86th percentile of top reported officer pay among 3393 $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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Harid Puentes$215,763$192,708$195,457$164,922$30,115
Karmin Noar$195,283$167,867

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $372K of program spending, described in the organization's own filed words · FY2021.
01

Squared Scholars

San Diego Squared invests directly in the success of underrepresented high school and college students and their educators. The Organization partners with innovative companies, foundations, and community leaders who take action and send a clear message: You belong in STEM.

$145Kprogram expense
02

Squared Interns

Connects diverse college students with paid internship opportunities at STEM-driven companies.

$124Kprogram expense
03

Squared Fellows

San Diego Squared provides a five-week, rotation-based mentorship program for underrepresented high school 10th-12th graders in San Diego County who are interested in STEM. In this immersive program, students connect with a network of advocates and have front row access to some of San Diego's most innovative companies, all to help…

$103Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$784K
Total revenueLn 12$784K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.14 Fundraising $0.13
Program services73%$392K
Management & general14%$75K
Fundraising13%$68K
Total functional expensesLn 25$535K

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$1.9M
Total liabilitiesLn 26$788K
Total net assetsLn 32$1.1M
Months of cash on handcomputed38.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $535K
38.1 months
Where the money goes
Program services
Program services $392K · Total expenses $535K
73%
Management & General
Management & general $75K · Total expenses $535K
14%
Fundraising
Fundraising $68K · Total expenses $535K
13%
Cost to raise $1
Fundraising expense (2-yr avg) $51K · Solicited contributions (2-yr avg) $922K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $784K · Total revenue $784K
100%
Government reliance
Government grants — · Total revenue $784K
Earned-income share
Program service revenue $0 · Total revenue $784K
0%
Investment reliance
Investment income $-608 · Total revenue $784K
-0.08%
Program self-sufficiency
Program service revenue $0 · Total expenses $535K
0%
Growth & trend
Revenue growth (YoY)
This year $784K · Prior year $1.1M
-26%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $784K · Expenses $535K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.1M · Total assets $1.9M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Harid Puentes · Reported title Co-Founder · Highest reported compensation $165K · Total expenses $535K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $293K · Total expenses $535K
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 14%
Fundraising cost ratio 9%
Revenue growth -26%
Legal fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 4 grants · $184K · 2020–2024
U C San Diego FoundationCA · FY2024$120,000
U C San Diego FoundationCA · FY2023$30,000
U C San Diego FoundationCA · FY2020$30,000
Reality ChangersCA · FY2020$3,990

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.7M revenue · ⤓ 990 PDF
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$784K revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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