The Caltech Y FY2024 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 1948EducationEIN 95-1684790

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To enrich student life and challenge students to grow into responsible citizens of the world.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$157K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $527K a year · 35% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$157K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $195K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$118K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$997K
-9% vs prior year
Spent
$1.2M
To programs
75%
Net assets
$11.1M
By yearFY2020–FY2024
Revenue
$997K
FY2024▼ -9%
Revenue by fiscal year
FY2020$824K
FY2021$3.5M
FY2022$1.1M
FY2023$1.1M
FY2024$997K
FY2024$1.2M
Expenses
$1.2M
FY2024▲ +1%
Expenses by fiscal year
FY2020$845K
FY2021$748K
FY2022$924K
FY2023$1.2M
FY2024$1.2M
FY2024$1.1M
Net assets
$11.1M
FY2024▲ +12%
Net assets by fiscal year
FY2020$3.5M
FY2021$6.2M
FY2022$9.1M
FY2023$9.9M
FY2024$11.1M
FY2024$11.9M

From the FY2024 Form 990 (year ending September 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1949.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $884K Management & general 18% · $208K Fundraising 7% · $88K

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; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$156,718Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Athena R Castro’s $161K as Executive Director is at the 97th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Athena R Castro$160,920$156,718$145,157$144,200$138,000$130,476

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.

See The Caltech Y 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 15aYes

Programs and updates

Enriches student life and challenges them to grow into responsible global citizens.

Provided by the organization

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2 program services account for $884K of program spending, described in the organization's own filed words · FY2023.
01

Student Leadership & Programs

Approximately 20 student leaders planned and implemented 70+ programs through committees such as the student executive (excomm), y-outdoors, and community service committees. During the 2023-2024 academic year, including the following:community service - included rise tutoring for pasadena unified MIDDLE/HIGH school students…

$863Kprogram expense
02

Friends Dinners and Activities

Friends events provide an opportunity for caltech alumni, students and donors to get acquainted while also being educated by guest speakers, who range from caltech faculty to community members.

$21Kprogram expense

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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 · FY2024
See all 9 funders →
Grants paid · 4 grants · $131K · 2023–2024
Unitemized GrantFY2024$39,494
Unitemized GrantFY2024$8,150
Unitemized GrantFY2023$47,986
Unitemized GrantFY2023$35,195

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$997K
Ln 12
Gifts and grantsLn 1h$632K
Investment incomeLn 3$184K
Fees for servicesLn 2g$156K
Money outPt IX
$1.2M
Ln 25
Programscol B$884K
Managementcol C$208K
Fundraisingcol D$88K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$446K
Total assetsLn 16$11.2M
LiabilitiesLn 26$118K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$632K
Noncash giftsLn 1g$76K
Fees for servicesLn 2g$156K
Investment incomeLn 3$184K
Other incomeLn 4–11$25K
Gains on assetsLn 7$43K
Total revenueLn 12$997K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$446K
Cash and savings togetherLn 1–2$446K
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5.9M
Total assetsLn 16$11.2M
LiabilitiesLn 26$118K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 59
VolunteersI 6364
Fiscal year endsHeaderSeptember
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 FY24End FY24
Cash and savingsLn 1–2$646K$446K
InvestmentsLn 11–13$3.9M$4.9M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$10.2M$11.2M
LiabilitiesLn 26$290K$118K
Net assetsLn 32$9.9M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$83K$83K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$157K$118K$16K$24K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$386K$290K$53K$42K
Pension plan contributionsLn 8$38K$29K$5K$5K
Other employee benefitsLn 9$46K$40K$5K$657
Payroll taxesLn 10$42K$31K$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$70K$70K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$1K$1K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$7K$5K$2K$481
Office expensesLn 13$15K$3K$8K$4K
Information technologyLn 14$3K$3K$283$183
RoyaltiesLn 15$0
OccupancyLn 16$76K$60K$9K$6K
TravelLn 17$35K$35K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$51K$44K$6K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$34K$19K$15K
Other expenses (24a–d)Ln 24$123K$123K
All other expensesLn 24e$0
Total functional expensesLn 25$1.2M$884K$208K$88K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $997K$1.2M−$183K$11.1M 990 PDF
FY2023 $1.1M$1.2M−$73K$9.9M 990 PDF
FY2022 $1.1M$924K$208K$9.1M 990 PDF
FY2021 $3.5M$748K$2.7M$6.2M 990 PDF
FY2020 $824K$845K−$22K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $996,559 across 11 lines filed
Lines not itemized here account for $307 of total revenue; see the IRS return.
VIII-1d Related organizations$186,200
VIII-1f All other contributions, gifts and grants$445,890
VIII-1g Noncash contributions (included above)$75,600
VIII-1h Total contributions, gifts and grants$632,090
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $155,874$155,874
VIII-3 Investment incomeExcluded from tax $141,162$141,162
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $24,500$24,500
VIII-7 Net gain or loss on sales of assetsExcluded from tax $42,626$42,626
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $180,681 · Excluded from tax $183,788$996,559
Part IX · Statement of functional expenses $1,179,263 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $83,181$83,181
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $117,538 · Management $15,672 · Fundraising $23,508$156,718
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $290,115 · Management $53,078 · Fundraising $42,350$385,543
IX-8 Pension plan contributionsPrograms $28,705 · Management $4,697 · Fundraising $4,535$37,937
IX-9 Other employee benefitsPrograms $39,867 · Management $5,124 · Fundraising $657$45,648
IX-10 Payroll taxesPrograms $31,491 · Management $5,219 · Fundraising $5,054$41,764
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $69,557$69,557
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $1,467$1,467
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $14,603$14,603
IX-12 Advertising and promotionPrograms $4,528 · Management $1,858 · Fundraising $481$6,867
IX-13 Office expensesPrograms $3,439 · Management $7,559 · Fundraising $3,718$14,716
IX-14 Information technologyPrograms $2,594 · Management $283 · Fundraising $183$3,060
IX-15 Royalties$0
IX-16 OccupancyPrograms $60,480 · Management $9,299 · Fundraising $5,821$75,600
IX-17 TravelPrograms $35,137$35,137
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $44,424 · Management $6,202$50,626
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $19,101 · Management $14,622$33,723
IX-24 Other expenses (24a–d)Programs $123,116$123,116
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $883,716 · Management $207,773 · Fundraising $87,774$1,179,263
Part X · Balance sheet $11,215,884 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $646,248$446,086
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $53,031$9,190
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $16,164$18,801
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $3,901,654$4,871,945
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $5,560,405$5,869,862
X-16 Total assetsStart of year $10,177,502$11,215,884
X-17 Accounts payable and accrued expensesStart of year $119,642$110,202
X-19 Deferred revenueStart of year $170,788$8,275
X-26 Total liabilitiesStart of year $290,430$118,477
X-27 Net assets without donor restrictionsStart of year $1,614,523$1,534,409
X-28 Net assets with donor restrictionsStart of year $8,272,549$9,562,998
X-32 Total net assets or fund balancesStart of year $9,887,072$11,097,407
X-33 Total liabilities and net assetsStart of year $10,177,502$11,215,884
Part XI · Reconciliation of net assets $11,097,407 net assets at year end
XI-1 Total revenue$996,559
XI-2 Total expenses$1,179,263
XI-3 Revenue less expenses−$182,704
XI-4 Net assets at start of year$9,887,072
XI-5 Net unrealized gains (losses) on investments$1,393,039
XI-10 Net assets at end of year$11,097,407

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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