NAVAL POSTGRADUATE SCHOOL FOUNDATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- NAVAL POSTGRADUATE SCHOOL FOUNDATION INC (EIN 23-7098729)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-03-23
- IRS object ID
- 202640829349300049
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-23T13:59:28-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1188 PADRE DRIVE STE 101 | AddressLine1Txt |
| City | SALINAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237098729 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAVAL POSTGRADUATE SCHOOL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NAVA | BusinessNameControlTxt |
| Phone | 8316562339 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2316 | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93942 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICH PATTERSON | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8316562339 | PhoneNum |
| Signature | 2026-03-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIELY HOLCOMB CPA | PreparerPersonNm |
| PTIN | P01430569 | PTIN |
| Phone | 8317596300 | PhoneNum |
| Preparation | 2026-03-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICH PATTERSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2316 | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93942 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,511,582 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NPSFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL POSTGRADUATE SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Total Volunteers | 110 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,648,468 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,308,792 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$129,207 | PYInvestmentIncomeAmt |
| CY Investment Income | $896,559 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$525,189 | PYOtherRevenueAmt |
| CY Other Revenue | -$337,893 | CYOtherRevenueAmt |
| PY Total Revenue | $10,994,072 | PYTotalRevenueAmt |
| CY Total Revenue | $16,867,458 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $271,611 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $343,758 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,543,123 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,026,883 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $478,992 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,744,196 | PYOtherExpensesAmt |
| CY Other Expenses | $5,787,093 | CYOtherExpensesAmt |
| PY Total Expenses | $3,558,930 | PYTotalExpensesAmt |
| CY Total Expenses | $8,157,734 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,435,142 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,709,724 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,813,289 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,433,982 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $927,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,340,356 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $18,885,442 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $28,093,626 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO SUPPORT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING AND PROGRAMMATIC SUPPORT FOR EDUCATION, RESEARCH, TECHNOLOGY DEVELOPMENT, INSTITUTIONAL INITIATIVES, AND COMMUNITY PROGRAMS THAT ADVANCE NATIONAL SECURITY AND SERVE NPS' MILITARY STUDENTS AND ALUMNI. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $529,557 | ExpenseAmt |
| Grant | $322,495 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE PEOPLE OF THE NAVAL POSTGRADUATE SCHOOL, INCLUDING ACTIVE-DUTY STUDENTS, THEIR FAMILIES, FACULTY, STAFF, AND ALUMNI. THESE PROGRAMS STRENGTHEN QUALITY OF LIFE, COMMUNITY CONNECTION, AND CONTINUITY FOR SERVICE MEMBERS AND FAMILIES DURING RIGOROUS GRADUATE EDUCATION AND CONTINUED SERVICE.PEOPLE:THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE 2,500+ ACTIVE-DUTY STUDENTS AND THEIR FAMILIES AT THE NAVAL POSTGRADUATE SCHOOL, ALONG WITH NEARLY 1,000 FACULTY, STAFF MEMBERS, AND 60,000+ ALUMNI MAKING UP THE NPS COMMUNITY. THE NPS STUDENT BODY CONSISTS OF 88% ACTIVE-DUTY SERVICE MEMBERS FROM ACROSS THE U.S. ARMED SERVICES, ALONG WITH OVER 200 INTERNATIONAL STUDENTS FROM APPROXIMATELY 50 PARTNER NATIONS.THE NPS FOUNDATION SUPPORTS PROGRAMS THAT IMPROVE QUALITY OF LIFE FOR NPS STUDENTS AND THEIR FAMILIES, HELPING THEM BUILD COMMUNITY, RELATIONSHIPS AND STRENGTHEN THE FAMILY UNIT DURING THEIR TIME IN MONTEREY. DURING FY 24-25, THE FOUNDATION SUPPORTED 20 RECREATION AND AFFINITY CLUBS WITHIN THE NPS COMMUNITY. APPROXIMATELY 1,000 NPS COMMUNITY MEMBERS, INCLUDING STUDENTS, FACULTY, STAFF, AND FAMILY MEMBERS, PARTICIPATE IN THESE CLUBS AT NO COST. CLUB ACTIVITIES SPAN A WIDE RANGE OF INTERESTS, INCLUDING CHESS, CYBER, CYCLING, DRONES, ENTREPRENEURSHIP, FLYING, GOLF, INTERNATIONAL AND LANGUAGE CIRCLES, MAKERS, MOTORCYCLE, RUNNING, SAILING, SKYDIVING, SOCCER, VEHICLES AND WINE. THESE CLUBS PROVIDE OPPORTUNITIES FOR LEADERSHIP DEVELOPMENT, SKILL-BUILDING AND COMMUNITY CONNECTION.THE NPS FOUNDATION ALSO OPERATES THE NPS ALUMNI ASSOCIATION, WHICH SUPPORTS LOCAL, REGIONAL AND INTERNATIONAL ALUMNI ENGAGEMENT. ALUMNI PROGRAMS INCLUDE NETWORKING EVENTS, PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND ONGOING COMMUNICATIONS THAT HELP MAINTAIN LONG-TERM CONNECTION TO NPS. IN FY 24-25, THE FOUNDATION SUPPORTED ALUMNI PROGRAMS, MEMBERSHIP SERVICES AND ENGAGEMENT ACTIVITIES SERVING A DIVERSE ALUMNI POPULATION THAT INCLUDES MORE THAN 10,000 ACTIVE MEMBERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,837,381 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS, AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND STUDENT AND FACULTY RESEARCH ADDRESSING OPERATIONAL CHALLENGES.RESEARCH:THE NPS FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FLEXIBLE FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND ENABLE STUDENTS AND FACULTY TO PURSUE RESEARCH ADDRESSING OPERATIONAL CHALLENGES.A CENTRAL COMPONENT OF THE FOUNDATION'S RESEARCH SUPPORT IS ATHENA, A DEFENSE-FOCUSED RESEARCH DISCOVERY AND COLLABORATION PLATFORM DEVELOPED AND OPERATED BY THE FOUNDATION. ATHENA ENABLES RESEARCHERS, SPONSORS AND LEADERS ACROSS NPS, THE NAVAL EDUCATION ENTERPRISE AND THE LARGER NAVY AND JOINT FORCE TO IDENTIFY, ACCESS AND ANALYZE RESEARCH ACTIVITY USING TOPICS OF INTEREST, SERVICE PRIORITIES AND OTHER FILTERS. THE PLATFORM SUPPORTS VISIBILITY ACROSS RESEARCH EFFORTS AND FACILITATES COLLABORATION AMONG STUDENTS, FACULTY AND EXTERNAL STAKEHOLDERS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,579,416 | ExpenseAmt |
| Grant | $21,263 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE NATIONAL SECURITY LEADERS AND CONDUCT APPLIED RESEARCH AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE. IN FY 24-25, THESE EFFORTS INCLUDED PLANNING AND DEVELOPMENT OF THE NAVAL INNOVATION CENTER AT NPS, INVESTMENTS IN ON-CAMPUS LABORATORIES, SECURE AND CLASSIFIED SPACES AND INFRASTRUCTURE, AND EVENTS THAT SUPPORT INDUSTRY AND GOVERNMENT PARTNERSHIP. INSTITUTION:THE NPS FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE, RESEARCH, AND DEVELOP SOLUTIONS FOR THE NAVAL AND JOINT FORCE. THESE EFFORTS FOCUS ON FACILITIES, INFRASTRUCTURE, PARTNERSHIPS, AND INSTITUTIONAL ENGAGEMENT THAT SUPPORT SOLUTION DELIVERY AND APPLIED RESEARCH.IN FY 24-25, THE FOUNDATION SUPPORTED PLANNING, PARTNERSHIPS, AND INFRASTRUCTURE RELATED TO THE NAVAL INNOVATION CENTER AT NPS, A FUTURE FACILITY THAT WILL SERVE AS A HUB FOR COLLABORATION, EXPERIMENTATION, APPLIED RESEARCH, AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE.FY 24-25 ALSO INCLUDED PLANNING AND EXECUTION OF THE EMERGING TECHNOLOGY SHOWCASE, WHICH CONVENES STUDENTS, FACULTY, GOVERNMENT, AND INDUSTRY PARTNERS TO HIGHLIGHT APPLIED RESEARCH, FOSTER COLLABORATION, AND STRENGTHEN PATHWAYS FROM RESEARCH TO OPERATIONAL RELEVANCE.INSTITUTIONAL SUPPORT IN FY 24-25 ALSO INCLUDED INFRASTRUCTURE THAT ENABLES ADVANCED COMPUTING, MODELING, SIMULATION AND AI EDUCATION AND EXPERIMENTATION, AND FACILITY UPGRADES TO LABORATORIES, INCLUDING CLASSIFIED SPACES, AND STUDENT COLLABORATION SPACES. THESE INVESTMENTS STRENGTHEN NPS' CAPACITY TO INTEGRATE EMERGING TECHNOLOGIES INTO EDUCATION AND RESEARCH AND TO SUPPORT COLLABORATION AMONG GOVERNMENT, INDUSTRY AND ACADEMIC PARTNERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $6,946,354 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 14 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICH PATTERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8316562427 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2316 | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93942 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ANDREW PAUL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN BYRNE MONTGOMERY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT NEGRI | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM O'DONNELL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL OLIVER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LEONARD RIGGS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS PRESCOTT | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID RICE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NORM WESLEY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW ROSENBERG | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT SKINNER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HANS USLAR | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL MORGAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA LAPIN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANTON MARANO | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN LERMAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK KAUFMAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT JAUNICH THRU 32025 | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN HARGROVE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS FUSSELL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD ELSTER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES CAREY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH BEALL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HANK PLAIN | |||||||
| CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PAUL GREGORY | |||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| EVAN ALLEN | |||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DAN LYNCH | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN MICEK | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD PATTERSON | |||||||
| CEO | 40.00 | $270,746 | $0 | $127,600 | Yes (X) | ||
| TODD LYONS | |||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | $219,604 | $0 | $13,627 | Yes (X) | ||
| DEVIN SMILEY | |||||||
| ATHENA PROGRAM MANAGER | 40.00 | $147,832 | $0 | $12,220 | Yes (X) | ||
| ALYSSA OLSON | |||||||
| VP OF STRAT. INITIATIVES | 40.00 | $118,747 | $0 | $23,913 | Yes (X) | ||
| DESIREE DILLEHAY | |||||||
| VP OF STRAT. ALLIANCE | 40.00 | $118,550 | $0 | $8,274 | Yes (X) | ||
| TIMOTHY HUGHES | |||||||
| ATHENA SOFTWARE ENGINEER | 40.00 | $115,632 | $0 | $7,393 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $991,111 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $193,027 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $2,215,442 | FundraisingAmt |
| Government Grants | $26,000 | GovernmentGrantsAmt |
| All Other Contributions | $14,067,350 | AllOtherContributionsAmt |
| Noncash Contributions | $315,135 | NoncashContributionsAmt |
| Total Contributions | $16,308,792 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $794,742 | TotalRevenueColumnAmt |
| Exclusion | $794,742 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,505,723 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,403,906 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $101,817 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $101,817 | TotalRevenueColumnAmt |
| Exclusion | $101,817 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $700,860 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $2,215,442 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $1,083,352 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$382,492 | TotalRevenueColumnAmt |
| Exclusion | -$382,492 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $181,254 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $156,866 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,388 | TotalRevenueColumnAmt |
| Exclusion | $24,388 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CREDIT CARD REWARDS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $20,211 | TotalRevenueColumnAmt |
| Exclusion | $20,211 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,211 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,867,458 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $558,666 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,263 | TotalAmt |
| Program Services | $21,263 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $322,495 | TotalAmt |
| Program Services | $322,495 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,004 | TotalAmt |
| Program Services | $306,853 | ProgramServicesAmt |
| Management And General | $18,050 | ManagementAndGeneralAmt |
| Fundraising | $36,101 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,364,151 | TotalAmt |
| Program Services | $1,061,378 | ProgramServicesAmt |
| Management And General | $135,751 | ManagementAndGeneralAmt |
| Fundraising | $167,022 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,434 | TotalAmt |
| Program Services | $44,308 | ProgramServicesAmt |
| Management And General | $6,849 | ManagementAndGeneralAmt |
| Fundraising | $9,277 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,850 | TotalAmt |
| Program Services | $74,575 | ProgramServicesAmt |
| Management And General | $15,735 | ManagementAndGeneralAmt |
| Fundraising | $36,540 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,444 | TotalAmt |
| Program Services | $88,149 | ProgramServicesAmt |
| Management And General | $11,105 | ManagementAndGeneralAmt |
| Fundraising | $15,190 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,759 | TotalAmt |
| Management And General | $34,759 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,305 | TotalAmt |
| Program Services | $34,674 | ProgramServicesAmt |
| Management And General | $206,122 | ManagementAndGeneralAmt |
| Fundraising | $13,509 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,400 | TotalAmt |
| Management And General | $2,400 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,533 | TotalAmt |
| Program Services | $19,752 | ProgramServicesAmt |
| Management And General | $20,793 | ManagementAndGeneralAmt |
| Fundraising | $4,988 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,024,222 | TotalAmt |
| Program Services | $961,956 | ProgramServicesAmt |
| Management And General | $26,545 | ManagementAndGeneralAmt |
| Fundraising | $35,721 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,157 | TotalAmt |
| Management And General | $4,157 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,887 | TotalAmt |
| Program Services | $32,752 | ProgramServicesAmt |
| Fundraising | $44,135 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,456 | TotalAmt |
| Management And General | $183,456 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,117 | TotalAmt |
| Program Services | $1,117 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| SCHOOL FUNDING EXPENSE | $3,506,201 | $3,506,201 |
| ALUMNI ASSOCIATION | $190,913 | $190,913 |
| CLUB EXPENSE | $164,725 | $164,725 |
| MEMBERSHIP OUTREACH | $54,653 | $54,653 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,765 | TotalAmt |
| Program Services | $60,590 | ProgramServicesAmt |
| Management And General | $66,666 | ManagementAndGeneralAmt |
| Fundraising | $116,509 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,157,734 | TotalAmt |
| Program Services | $6,946,354 | ProgramServicesAmt |
| Management And General | $732,388 | ManagementAndGeneralAmt |
| Fundraising | $478,992 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,260,238 | BOYAmt |
| EOY | $372,936 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,175 | BOYAmt |
| EOY | $206,113 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,360,021 | BOYAmt |
| EOY | $6,028,578 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $412,216 | BOYAmt |
| EOY | $1,502,483 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,792 | BOYAmt |
| EOY | $71,101 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $127,323 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,439,586 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $251,952 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,795,950 | BOYAmt |
| EOY | $2,187,634 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,881,897 | BOYAmt |
| EOY | $20,937,814 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,813,289 | BOYAmt |
| EOY | $31,433,982 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,847 | BOYAmt |
| EOY | $3,132,356 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $448,000 | BOYAmt |
| EOY | $208,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $927,847 | BOYAmt |
| EOY | $3,340,356 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,739,101 | BOYAmt |
| EOY | $6,925,511 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,146,341 | BOYAmt |
| EOY | $21,168,115 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,885,442 | BOYAmt |
| EOY | $28,093,626 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,813,289 | BOYAmt |
| EOY | $31,433,982 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,709,724 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $498,460 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,960,466 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,538,148 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,758,664 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,648,468 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,308,792 | CurrentTaxYearAmt |
| Total | $40,214,538 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,820 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $48,155 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,295 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $55,933 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $54,315 | CurrentTaxYearAmt |
| Total | $234,518 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,984,286 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,586,303 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,810,959 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,704,401 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,363,107 | CurrentTaxYearAmt |
| Total | $40,449,056 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,598,505 | SubstantialContributorsTotAmt |
| Public Support Total170 | $26,850,551 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $129,841 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $198,012 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $207,132 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $213,456 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $794,742 | CurrentTaxYearAmt |
| Total | $1,543,183 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,273 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,375 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,414 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,211 | CurrentTaxYearAmt |
| Total | $74,196 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $42,066,435 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $841,126 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.63830 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76490 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | CREDIT CARD REWARDS - 2024 AMOUNT: $ 20,211. OTHER INCOME - 2020 AMOUNT: $ 11,273. 2021 AMOUNT: $ 17,375. 2022 AMOUNT: $ 10,414. 2023 AMOUNT: $ 14,923. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,555,998 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $330,167 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $40,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,846,165 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,333,890 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $259,796 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $37,688 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,555,998 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,152,617 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $221,504 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $40,231 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,333,890 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,303,797 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$100,998 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $50,182 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,152,617 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,973,241 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $365,995 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $35,439 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,303,797 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.21794 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.33327 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.44878 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $62,252 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,015 | DepreciationAmt |
| Book Value | $36,237 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $66,868 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,738 | DepreciationAmt |
| Book Value | $15,130 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,310,466 | OtherCostOrOtherBasisAmt |
| Depreciation | $174,199 | DepreciationAmt |
| Book Value | $2,136,267 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,187,634 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS | Desc |
| Book Value | $20,937,814 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $20,937,814 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,295,474 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $498,460 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $964,315 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,462,775 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,832,699 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $34,759 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $34,759 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,867,458 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,087,290 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $964,315 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $964,315 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,122,975 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $34,759 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $34,759 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,157,734 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | DONOR RESTRICTED ENDOWMENT FUNDS ARE TO BE USED FOR DONOR SPECIFIED USES AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR ANY USES APPROVED BY THE BOARD. |
| PART X, LINE 2: | AS A TAX-EXEMPT NONPROFIT ORGANIZATION, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM STATE FRANCHISE TAX UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D) BUT IS SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME WHEN EARNED. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $2,532,377 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $2,201,992 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $330,385 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $315,135 | NonCashPrizesEvent1Amt |
| Food And Beverage Event1 | $129,738 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $334,130 | OtherDirectExpensesEvent1Amt |
| Event2 | WINTER BALL | Event2Nm |
| Gross Receipts Event2 | $383,925 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $13,450 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $370,475 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $176,003 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $128,346 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $2,916,302 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $2,215,442 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $700,860 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $315,135 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $305,741 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $462,476 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $1,083,352 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$382,492 | NetIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Member Of Other Entity | Yes (1) | MemberOfOtherEntityInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PANETTA INSTITUTE FOR PUBLIC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CAMPUS CENTER BLDG 86E | AddressLine1Txt |
| City | SEASIDE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93955 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 770495799 | RecipientEIN |
| IRC Section | N/A | IRCSectionDesc |
| Cash Grant | $7,500 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | TO SUPPORT DONEE'S PROGRAMS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP AWARDS | GrantTypeTxt |
| Recipient | 39 | RecipientCnt |
| Cash Grant | $71,500 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | BOARD APPROVES GRANT AMOUNTS EACH YEAR. GRANTS ARE ISSUED TO ORGANIZATIONS BASED ON THE FOUNDATION'S PROGRAM SERVICES AND TO INDIVIDUALS BASED ON DONOR REQUIREMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD PATTERSON | ||||||||||||||
| CEO | $260,746 | $0 | $10,000 | $0 | $0 | $0 | $16,341 | $0 | $111,259 | $0 | $398,346 | $0 | $0 | $0 |
| TODD LYONS | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $219,604 | $0 | $0 | $0 | $0 | $0 | $10,172 | $0 | $3,455 | $0 | $233,231 | $0 | $0 | $0 |
| DEVIN SMILEY | ||||||||||||||
| ATHENA PROGRAM MANAGER | $147,832 | $0 | $0 | $0 | $0 | $0 | $9,041 | $0 | $3,179 | $0 | $160,052 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | DEVIN SMILEY RECEIVED A $25,000 SEVERANCE PAYMENT | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (7 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EVENT TICKETS | 4 | $110,000 | FMV |
| Yes (X) | WINE | 8 | $97,711 | FMV |
| Yes (X) | SPA/ RESORT PACKAGE | 5 | $90,134 | FMV |
| Yes (X) | DINNERS | 5 | $10,000 | FMV |
| Yes (X) | GUITAR | 1 | $6,300 | FMV |
| Yes (X) | CUTTING BOARD | 1 | $500 | FMV |
| Yes (X) | PENDANT | 1 | $490 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | CONTRIBUTION COUNT IS THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD MAY, BY A MAJORITY OF THE TRUSTEES THEN IN OFFICE, PROVIDED THAT A QUORUM IS PRESENT, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE TRUSTEES, TO SERVE AT THE PLEASURE OF THE BOARD. MEMBERSHIP OF TRUSTEES IN COMMITTEES IS DETERMINED BY THE BOARD CHAIR. BOARD APPROVAL WILL BE REQUIRED TO INVITE ANY NON-BOARD MEMBER TO SERVE ON ANY BOARD COMMITTEE TO WHICH THE BOARD DELEGATES AUTHORITY TO MAKE AND EXECUTE DECISIONS WITHOUT PRIOR BOARD APPROVAL. PERSONS WHO ARE NOT TRUSTEES MAY SERVE ON COMMITTEES NOT HAVING THE PREVIOUSLY REFERENCED DELEGATED AUTHORITY AT THE DISCRETION OF THE COMMITTEE CHAIR. COMMITTEES SHALL HAVE ALL THE AUTHORITY OF THE BOARD WITH RESPECT TO MATTERS WITHIN THEIR AREA OF ASSIGNED RESPONSIBILITY, EXCEPT THAT NO COMMITTEE, REGARDLESS OF BOARD RESOLUTION, MAY: (A) TAKE ANY FINAL ACTION ON ANY MATTER WHICH, UNDER THE CALIFORNIA NONPROFIT CORPORATION LAW, ALSO REQUIRES APPROVAL OF THE TRUSTEES. (B) FILL VACANCIES ON THE BOARD OF TRUSTEES OR ON ANY COMMITTEE WHICH HAS BEEN DELEGATED ANY AUTHORITY OF THE BOARD. (C) AMEND OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS. (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS EXPRESS TERMS IS NOT AMENDABLE OR REPEALABLE. (E) APPOINT ANY OTHER COMMITTEES OF THE BOARD OF TRUSTEES OR THE MEMBERS OF THOSE COMMITTEES. (F) APPROVE ANY TRANSACTION (I) TO WHICH THE FOUNDATION IS A PARTY AND IN WHICH ONE OR MORE TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST; OR (II) BETWEEN THIS FOUNDATION AND ONE OR MORE OF ITS TRUSTEES OR BETWEEN THE FOUNDATION AND ANY PERSON IN WHICH ONE OR MORE OF ITS TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT/FINANCE COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE FOUNDATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES). AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT/FINANCE COMMITTEE AND ANY REVISIONS COMMUNICATED TO THE PREPARER, IT WILL BE CIRCULATED TO THE FULL BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION REQUIRES ALL DIRECTORS, ADVISORS, VOLUNTEERS AND STAFF MEMBERS TO ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE, WHICH ENSURES THAT APPROPRIATE ACTIONS ARE TAKEN TO MANAGE OR RESOLVE CONFLICTS. EACH DIRECTOR, ADVISOR, VOLUNTEER, OR STAFF MEMBER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY, 4. LISTS ALL ACTUAL AND APPARENT CONFLICTS OF INTEREST, AND 5. UNDERSTANDS THE FOUNDATION IS CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF AT ANY TIME DURING THE YEAR THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT CHANGES MATERIALLY, THE DIRECTOR, ADVISOR, VOLUNTEER, OR STAFF MEMBER SHALL DISCLOSE SUCH CHANGE AND REVISE THE ANNUAL DISCLOSURE FORM. THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL DISCLOSURE STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. IF AN APPEARANCE OF IMPROPRIETY OR ACTUAL CONFLICT OF INTEREST EXIST, APPROPRIATE ACTIONS WILL BE TAKEN, WHICH WILL VARY DEPENDING UPON THE PARTICULAR FACTS. THE DIRECTOR, ADVISOR, VOLUNTEER, OR STAFF MEMBER INVOLVED IN THE CONFLICT SITUATION MUST WORK COOPERATIVELY WITH THE FOUNDATION TO ACHIEVE A RESOLUTION OF THE CONFLICT ISSUES IN THE BEST INTERESTS OF THE FOUNDATION. DEPENDING UPON THE NATURE OF THE CONFLICT, THIS MAY INCLUDE THE DIRECTOR, ADVISOR, VOLUNTEER, OR STAFF MEMBER BEING REMOVED FROM A POSITION OF DECISION-MAKING AUTHORITY WITH RESPECT TO THE CONFLICT SITUATION OR OTHER MORE SERIOUS ACTIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 | DETERMINING REASONABLE COMPENSATION -THE FOUNDATION SHALL SATISFY THE LEGAL PRESUMPTION OF REASONABLENESS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 4958 REGARDING INTERMEDIATE SANCTIONS, BY FOLLOWING THESE STEPS WHEN DETERMINING THE ANNUAL COMPENSATION FOR ANY FOUNDATION INSIDER: -COMPENSATION ARRANGEMENT SHALL BE APPROVED IN ADVANCE BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. THIS GROUP SHALL BE COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. THE MEMBERS OF THE GROUP CAN CHANGE DEPENDING UPON THE PERSON WHOSE COMPENSATION IS UNDER REVIEW. -BEFORE MAKING THE REASONABLE COMPENSATION DETERMINATION, THE EXECUTIVE COMMITTEE GROUP SHALL RELY UPON COMPARABILITY DATA (COMPARABILITY DATA INCLUDES COMPENSATION PAID BY COMPARABLE AND SIMILARLY SITUATED ENTITIES) IN DECIDING WHETHER TO APPROVE THE COMPENSATION. -THE EXECUTIVE COMMITTEE MEMBERS SHALL CONTEMPORANEOUSLY DOCUMENT IN WRITING ITS BASIS FOR MAKING ITS REASONABLE COMPENSATION DETERMINATION. THE FOUNDATION UTILIZES A WORKSHEET THAT IS COMPLETED BY THE GROUP WHEN IT CONVENES, AND THE WORKSHEET SHALL SERVE AS THE REQUIRED WRITTEN DOCUMENTATION FOR THE FOLLOWING: -TERMS OF THE APPROVED COMPENSATION AND THE DATE APPROVED. -MEMBERS OF THE EXECUTIVE COMMITTEE GROUP PRESENT DURING DISCUSSIONS ON THE COMPENSATION AMOUNT, THOSE WHO VOTED AND HOW THEY VOTED. -DESCRIPTION OF COMPARABILITY DATA OBTAINED AND RELIED UPON; HOW THE DATA WAS OBTAINED. -ANY ACTIONS BY AN EXECUTIVE COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST (E.G., DISCLOSURE OF CONFLICT OF INTEREST; RECUSAL FROM THE DISCUSSION) -THE REASONABLE COMPENSATION DISCUSSION SHALL BE UNDERTAKEN BY THE EXECUTIVE COMMITTEE MEMBERS ANNUALLY; THE INDIVIDUAL WHOSE COMPENSATION IS BEING DISCUSSED SHALL NOT BE PRESENT DURING SUCH DISCUSSIONS. THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE PRESENTED FOR FULL BOARD OF TRUSTEES APPROVAL AT ITS ANNUAL MEETING IN NOVEMBER. -THE BOARD DETERMINES AND APPROVES THE COMPENSATION OF THE CEO. THE INDIVIDUAL WHOSE COMPENSATION IS BEING DETERMINED IS NOT INCLUDED IN THE APPROVAL PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR SELECTING AN INDEPENDENT AUDIT HAS NOT CHANGED FROM PRIOR YEAR. |
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