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

San Diego Squared FY2023 filing

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Develops programs and scholarships for students, creating internship databases and fundraising. For fiscal year 2023 it reported $1.3M in revenue, $1.0M in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Diego, CA
Website
www.sd2.org
Filings
5 on file (2021–2023)
Revenue
$1.3MFY2023
Expenses
$1.0M
Net assets
$1.9M
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 FY2023 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 · $195K
Money in and out
$1.3M revenue, $1.0M expenses
Bottom line
81% program efficiency
Where the money goes · FY2023
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $319K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.10 Fundraising $0.09
Program efficiency
81%
of spending reaches programs
Operating runway
28.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.3M
FY2023▲ +68%
Expenses
$1.0M
FY2023▲ +87%
Total assets
$2.9M
FY2023▲ +55%
Total liabilities
$940K
FY2023▲ +19%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$319K
Total assetsPt X · Ln 16$2.9M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $679K of program spending, described in the organization's own filed words · FY2022.
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.

$396Kprogram expense
02

Events

In partnership with other organizations, San Diego Squared hosts life science camps, coding camps, panel discussions, and other opportunities for students, educators, and their families to engage in STEM-related fields.

$164Kprogram expense
03

Squared Interns

Internships can provide a gateway to full-time employment in STEM-driven companies. The Organization has identified opportunities for interns and has recruited champions within some of San Diego County's most innovative companies that are ready to help interns succeed.

$119Kprogram expense

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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 (FY2022); the FY2023 filing did not itemize Part VII
Co-Founder
$195,457Pt VII · Sec A
$0Pt VII · Sec A
Director Ex- Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
Corporate Secretary
$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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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 88%
Program service revenue$105K · 8%
Other revenue$56K · 4%
Contributions & grants88%$1.2M
Program service revenue8%$105K
Other revenue4%$56K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.10 Fundraising $0.09
Program services81%$811K
Management & general10%$96K
Fundraising9%$94K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$2.4M
Total assetsLn 16$2.9M
Total liabilitiesLn 26$940K
Total net assetsLn 32$1.9M
Months of cash on handcomputed28.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.4M · Operating expenses/yr $1.0M
28.4 months
Where the money goes
Program services
Program services $811K · Total expenses $1.0M
81%
Management & General
Management & general $96K · Total expenses $1.0M
10%
Fundraising
Fundraising $94K · Total expenses $1.0M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $65K · Solicited contributions (3-yr avg) $1.0M
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.3M
88%
Government reliance
Government grants — · Total revenue $1.3M
Earned-income share
Program service revenue $105K · Total revenue $1.3M
8%
Investment reliance
Investment income $0 · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $105K · Total expenses $1.0M
10%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $784K
+68%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.0M
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $2.9M
Net-asset ratio
Net assets $1.9M · Total assets $2.9M
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Harid Puentes · Reported title Co-Founder · Highest reported compensation $195K · Total expenses $1.0M
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $457K · Total expenses $1.0M
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 10%
Fundraising cost ratio 8%
Revenue growth 68%
Legal fee ratio 2%

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 · viewing · ⤓ 990 PDF
FY2022$784K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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