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Los Rios Foundation FY2023 filing

Tax-deductible

Sacramento, CA501(c)(3)Since 1978 EIN 94-2506591Revenue $6.3M in FY2023

On file with the IRSfoundation.losrios.edu1919 Spanos CT, 95825-3981 · Sacramento, CATax-exempt since Feb 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Improve student success and prepare an educated workforce through philanthropy.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
6 of 6
filings with a surplus
Average surplus $2.4M a year · 43% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Plus $23.0M in investments, Pt X · Ln 11–13
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$123K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+19% vs prior year
Spent
$2.5M
To programs
87%
Net assets
$24.3M
By yearFY2020–FY2025
Revenue
$6.3M
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.0M
FY2021$3.1M
FY2022$5.3M
FY2023$6.3M
FY2024$7.0M
FY2025$8.0M
Expenses
$2.5M
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$2.6M
FY2023$2.5M
FY2024$3.4M
FY2025$5.8M
Net assets
$24.3M
FY2023▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.8M
FY2021$19.5M
FY2022$19.7M
FY2023$24.3M
FY2024$29.2M
FY2025$32.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1980.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.2M Management & general 11% · $285K Fundraising 1% · $34K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Brian King
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pamela Haynes
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Adrian Carpenter
Finance Chair, Treasurer
$0Pt VII · Sec A
Bryan Byrd
Director
$0Pt VII · Sec A
See Los Rios Foundation executive salaries →

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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 15aNo

Programs and updates

Fund education to boost student success and build a skilled workforce.

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Provided by the organization

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3 programs · $2.0M · in their own filed words · FY2022
01

Direct student support remains critical to keeping students in school and succeeding as they recover from the effects of the pandemic and a tough housing market. The student emergency fund assisted with basic needs, housing and food insecurity.

$1.1Mprogram expense
02

The los rios colleges foundation provided support to collegedepartments and programs during the 2022-23 academic year. These resources allow college faculty, staff and administrators to improve existing programs, experiment with new and innovative approaches and support student success.

$810Kprogram expense
03

Thanks to generous corporate and individual donors, LRCF continued to remove barriers for students through the promise initiative. The los rios promise scholarships provided $500 awards to first time, full time students with high financial need.

$141Kprogram 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
T Rowe Price Program for Charitable Giving INCFY2025$16K
Ed and Betty Manoyan FoundationFY2025$600
Total grants receivedfrom 2 funders$17K
Grants paid · 12 grants · $15.1M · 2019–2024
Los Rios Community College DistrictFY2024$3,373,041
Unitemized GrantFY2024$1,130,178
Los Rios Community College DistrictFY2023$1,691,729
Unitemized GrantFY2023$1,062,978
Unitemized GrantFY2022$1,227,831
Los Rios Community College DistrictFY2022$810,100
Unitemized GrantFY2021$898,418
Los Rios Community College DistrictFY2021$669,395
Unitemized GrantFY2020$1,503,910
Los Rios Community College DistrictFY2020$633,711
Unitemized GrantFY2019$1,110,024
Los Rios Community College DistrictFY2019$958,092

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$5.7M
Investment incomeLn 3$569K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.2M
Managementcol C$285K
Fundraisingcol D$34K
Owns and owesPt X
$24.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$24.4M
LiabilitiesLn 26$123K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Noncash giftsLn 1g$174K
Investment incomeLn 3$569K
Gains on assetsLn 7−$938
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$23.0M
Total assetsLn 16$24.4M
LiabilitiesLn 26$123K
Net assetsLn 32$24.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.7M$1.2M
InvestmentsLn 11–13$17.5M$23.0M
Total assetsLn 16$19.8M$24.4M
LiabilitiesLn 26$41K$123K
Net assetsLn 32$19.7M$24.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$984K$984K
Grants to domestic individualsLn 2$1.2M$1.2M
Investment management feesLn 11f$98K$98K
Office expensesLn 13$191K$178K$14K
Other expenses (24a–d)Ln 24$41K$11K$9K$21K
Total functional expensesLn 25$2.5M$2.2M$285K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.0M$5.8M$2.2M$32.7M 990 PDF
FY2024 $7.0M$3.4M$3.6M$29.2M 990 PDF
FY2023 Viewing $6.3M$2.5M$3.8M$24.3M 990 PDF
FY2022 $5.3M$2.6M$2.7M$19.7M 990 PDF
FY2021 $3.1M$2.4M$671K$19.5M 990 PDF
FY2020 $4.0M$2.5M$1.5M$16.8M 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $6,304,483 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,543,430$5,735,409
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $737,358$569,074
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,280,788$6,304,483
I-13 Grants and similar amounts paidPrior year $2,331,301$2,212,051
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $267,009$330,155
I-18 Total expensesPrior year $2,598,310$2,542,206
I-19 Revenue less expensesPrior year $2,682,478$3,762,277
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $6,304,483 across 7 lines filed
VIII-1d Related organizations$875,463
VIII-1f All other contributions, gifts and grants$4,859,946
VIII-1g Noncash contributions (included above)$174,120
VIII-1h Total contributions, gifts and grants$5,735,409
VIII-3 Investment incomeExcluded from tax $570,012$570,012
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$938−$938
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $569,074$6,304,483
Part IX · Statement of functional expenses $2,542,206 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $984,220$984,220
IX-2 Grants to domestic individualsPrograms $1,227,831$1,227,831
IX-11f Investment management feesManagement $98,343$98,343
IX-13 Office expensesManagement $177,670 · Fundraising $13,593$191,263
IX-24 Other expenses (24a–d)Programs $10,992 · Management $9,034 · Fundraising $20,523$40,549
IX-25 Total functional expensesPrograms $2,223,043 · Management $285,047 · Fundraising $34,116$2,542,206
Part X · Balance sheet $24,430,844 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,708,732$1,172,250
X-3 Pledges and grants receivableStart of year $503,107$208,376
X-4 Accounts receivableStart of year $120,100$66,206
X-11 Publicly traded securitiesStart of year $17,265,109$22,789,714
X-12 Other securitiesStart of year $186,114$194,298
X-16 Total assetsStart of year $19,783,162$24,430,844
X-17 Accounts payable and accrued expensesStart of year $40,662$122,829
X-26 Total liabilitiesStart of year $40,662$122,829
X-27 Net assets without donor restrictionsStart of year $2,300,618$2,507,829
X-28 Net assets with donor restrictionsStart of year $17,441,882$21,800,186
X-32 Total net assets or fund balancesStart of year $19,742,500$24,308,015
X-33 Total liabilities and net assetsStart of year $19,783,162$24,430,844
Part XI · Reconciliation of net assets $24,308,015 net assets at year end
XI-1 Total revenue$6,304,483
XI-2 Total expenses$2,542,206
XI-3 Revenue less expenses$3,762,277
XI-4 Net assets at start of year$19,742,500
XI-5 Net unrealized gains (losses) on investments$795,053
XI-9 Other changes in net assets$8,185
XI-10 Net assets at end of year$24,308,015

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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