Cold Spring School Foundation EIN 95-3717748

Cold Spring School Foundation FY2022 filing

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Raises funds to enhance educational programs and facilities for Cold Spring School students. For fiscal year 2022 it reported $422K in revenue, $42K in expenses, and $714K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Santa Barbara, CA
Website
www.coldspringfoundation.org
Filings
3 on file (2021–2022)
Revenue
$422KFY2022
Expenses
$42K
Net assets
$714K
People
18
Filings
3
Updates
0
More identity details & actions ⌄
EIN  95-3717748 Public charity (501(c)(3)) Santa Barbara, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
$100K–1M
What they do
Raises funds to enhance educational programs and facilities for Cold Spring School students.
Leadership
Jim Bain · Director
Money in and out
$422K revenue, $42K expenses
Bottom line
77% program efficiency
Where the money goes · FY2022
Total revenue
$422K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$714K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $380K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.04 Fundraising $0.19
Program efficiency
77%
of spending reaches programs
Operating runway
203.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+90%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$422K
FY2022▲ +66%
Expenses
$42K
FY2022▼ -80%
Total assets
$714K
FY2022▲ +114%
Total liabilities
$0
FY2022
Total revenue
$422K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$714K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$380K
Total assetsPt X · Ln 16$714K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2021.
01

The primary purpose of the Foundation is to support the Cold Spring School, a single school elementary school district in the County of Santa Barbara, California.

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCold Spring School Foundation
EINHdr · item D95-3717748
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jwww.coldspringfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25I)
Ruling yearIRS BMFJun 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$371K · 88%
Other revenue$44K · 10%
Program service revenue$7K · 2%
Contributions & grants88%$371K
Other revenue10%$44K
Program service revenue2%$7K
Investment income$390
Total revenueLn 12$422K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.04 Fundraising $0.19
Program services77%$32K
Management & general4%$2K
Fundraising19%$8K
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$714K
Total assetsLn 16$714K
Total liabilitiesLn 26$0
Total net assetsLn 32$714K
Months of cash on handcomputed203.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $714K · Operating expenses/yr $42K
203.9 months
Where the money goes
Program services
Program services $32K · Total expenses $42K
77%
Management & General
Management & general $2K · Total expenses $42K
4%
Fundraising
Fundraising $8K · Total expenses $42K
19%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $280K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $371K · Total revenue $422K
88%
Government reliance
Government grants — · Total revenue $422K
Earned-income share
Program service revenue $7K · Total revenue $422K
2%
Investment reliance
Investment income $390 · Total revenue $422K
+0.09%
Program self-sufficiency
Program service revenue $7K · Total expenses $42K
17%
Growth & trend
Revenue growth (YoY)
This year $422K · Prior year $254K
+66%
Net-asset trend (YoY)
End of year $714K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $422K · Expenses $42K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $714K
Net-asset ratio
Net assets $714K · Total assets $714K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $714K
0%
People & payroll
Highest Reported Total Compensation
Individual Jim Bain · Reported title Director · Highest reported compensation $0 · Total expenses $42K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $42K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 4%
Fundraising cost ratio 2%
Revenue growth 66%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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
Total grants receivedfrom 2 funders$16K
Grants paid · 2 grants · $753K · 2020–2022
Cold Spring Sch DistFY2022$584,521
Cold Spring Sch DistFY2020$168,481

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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
FY2023 (Latest)$234K revenue · ⤓ 990 PDF
FY2022$422K revenue · viewing · ⤓ 990 PDF
FY2021$254K 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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