Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
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
12 people listed on the 990.
Cheryl Crane’s $107K as Executive Director is at the 37th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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.
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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 15aYes
Programs and updates
Funds students and programs to create access, excellence, and success.
Questions for Peninsula College Foundation
Your first name shows with your question. Peninsula College Foundation answers here, for everyone.
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Foundation awards for students and programs come from endowment earnings and DONOR/PARTNER giving and align with peninsula college's strategic goals. This year's grants primarily supported faculty RESEARCH/PROFESSIONAL development, emergency funding for students, enrollment in newly launched programs, transitional studies (for students…
Peninsula college foundation manages 25 endowments and nearly 150 individual program and scholarship funds. Most scholarships apply to any financial-aid eligible expense. Emergency support has become a hallmark of the PC foundation, providing essential support to students experiencing unexpected financial emergencies that threaten to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.9M | $1.5M |
| InvestmentsLn 11–13 | $5.5M | $6.1M |
| Total assetsLn 16 | $7.7M | $7.7M |
| LiabilitiesLn 26 | $538K | $610K |
| Net assetsLn 32 | $7.1M | $7.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.3M | $1.3M | ||
| Other salaries and wagesLn 7 | $96K | $76K | $14K | $5K |
| Accounting feesLn 11c | $8K | $8K | ||
| Other fees for servicesLn 11g | $345 | $345 | ||
| Office expensesLn 13 | $3K | $3K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $302K | $144K | $90K | $68K |
| Total functional expensesLn 25 | $1.7M | $1.6M | $118K | $73K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.4M | $1.1M | $328K | $7.9M | 990 PDF |
| FY2024 Viewing | $1.5M | $1.7M | −$295K | $7.1M | 990 PDF |
| FY2023 | $1.6M | $1.0M | $549K | $7.1M | 990 PDF |
| FY2022 | $1.4M | $855K | $594K | $6.3M | 990 PDF |
| FY2021 | $1.3M | $958K | $379K | $6.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,452,819 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $1,452,819 across 6 lines filed
Part IX · Statement of functional expenses $1,747,904 across 7 lines filed
Part X · Balance sheet $7,712,622 assets, 10 lines filed
Part XI · Reconciliation of net assets $7,102,983 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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