Civic Intelligence

The Peninsula College Fund

990 • Fiscal year 2017 • EIN 26-4293269

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2018

330 Twin Dolphin DriveRedwood City, CA 94065

(650) 779-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.70x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

48%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,381,324

Up $451,948 (+49%) from 2016

Net Assets

Up

$608,090

Up $342,095 (+129%) from 2016

Liabilities

Up

$773,234

Up $109,853 (+17%) from 2016

Revenue

Up

$1,105,414

Up $357,150 (+48%) from 2016

Expenses

Up

$875,440

Up $260,972 (+42%) from 2016

Net Income

Up

$229,974

Up $96,178 (+72%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2012: $302,477Liabilities 2012: $0Net Assets 2012: $302,4772012Assets 2013: $443,023Liabilities 2013: $0Net Assets 2013: $443,0232013Assets 2014: $540,923Liabilities 2014: $555,264Net Assets 2014: -$14,3412014Assets 2015: $771,864Liabilities 2015: $639,665Net Assets 2015: $132,1992015Assets 2016: $929,376Liabilities 2016: $663,381Net Assets 2016: $265,9952016Assets 2017: $1,381,324Liabilities 2017: $773,234Net Assets 2017: $608,0902017Assets 2018: $1,823,269Liabilities 2018: $950,644Net Assets 2018: $872,6252018Assets 2019: $1,690,917Liabilities 2019: $1,083,709Net Assets 2019: $607,2082019Assets 2020: $1,954,100Liabilities 2020: $1,602,552Net Assets 2020: $351,5482020Assets 2021: $2,053,516Liabilities 2021: $1,423,078Net Assets 2021: $630,4382021Assets 2022: $7,042,401Liabilities 2022: $1,875,303Net Assets 2022: $5,167,0982022Assets 2023: $8,383,371Liabilities 2023: $151,468Net Assets 2023: $8,231,9032023Assets 2024: $7,944,785Liabilities 2024: $205,154Net Assets 2024: $7,739,6312024

Highlighted filing

2017

Assets$1,381,324
Liabilities$773,234
Net Assets$608,090

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2012: $244,7002012Expenses 2013: $363,6172013Revenue 2014: $524,001Expenses 2014: $504,992Net Income 2014: $19,0092014Revenue 2015: $771,890Expenses 2015: $632,556Net Income 2015: $139,3342015Revenue 2016: $748,264Expenses 2016: $614,468Net Income 2016: $133,7962016Revenue 2017: $1,105,414Expenses 2017: $875,440Net Income 2017: $229,9742017Revenue 2018: $1,320,381Expenses 2018: $1,055,846Net Income 2018: $264,5352018Revenue 2019: $972,699Expenses 2019: $1,238,116Net Income 2019: -$265,4172019Revenue 2020: $1,500,305Expenses 2020: $1,755,965Net Income 2020: -$255,6602020Revenue 2021: $1,589,008Expenses 2021: $1,817,994Net Income 2021: -$228,9862021Revenue 2022: $7,638,756Expenses 2022: $3,102,096Net Income 2022: $4,536,6602022Revenue 2023: $3,295,630Expenses 2023: $2,308,773Net Income 2023: $986,8572023Revenue 2024: $2,091,027Expenses 2024: $2,827,684Net Income 2024: -$736,6572024

Highlighted filing

2017

Revenue$1,105,414
Expenses$875,440
Net Income$229,974
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$1,141,254
Mission and Program Overview

Mission

Pcf assists low-income, under-served and often over-looked first-generation college students from the mid-peninsula in their quest to graduate, and assist them achieve their educatonal and career goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$404,200$686,750▲ $282,550
Cash and Non-Interest-Bearing Accounts$158,150$416,128▲ $257,978
Savings and Temporary Cash Investments$342,371$266,500▼ $75,871
Prepaid Expenses and Deferred Charges$24,655$6,113▼ $18,542
Land, Buildings, and Equipment, Net-$5,833-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$929,376$1,381,324▲ $451,948
Other Assets Total-$0-
Liabilities
Grants Payable$635,262$758,928▲ $123,666
Accounts Payable and Accrued Expenses$28,119$14,306▼ $13,813
Total Liabilities$663,381$773,234▲ $109,853
Net Assets / Fund Balance
Temporarily Rstr Net Assets$226,520$512,000▲ $285,480
Unrestricted Net Assets$39,475$96,090▲ $56,615
Total Net Assets Fund Balance$265,995$608,090▲ $342,095
Total Liabilities and Net Assets / Fund Balance$929,376$1,381,324▲ $451,948

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,833$1,167$7,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles SchmuckChairman
Dani GaspariniChairman
Asha GuhaDirector
Eric HartwigDirector
Hanna GeorgeDirector
Jo VolkertDirector
Justin SherlockDirector
Lydia KearneyDirector
Paul MagliaroDirector
Ross DarwinDirector
W Scott LohmannDirector
Phil EkedahlInterim CEO
Melissa SandovalSecretary
Michelle SotoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$989,735
Program Service Revenue
$0
Investment Income
$110
Other Revenue
$115,569
All Other Contributions
$989,735
Change in Net Assets
$229,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$386,719
Salaries, Compensation, and Employee Benefits$313,753
Other Expenses$164,872
Total Fundraising Expense$80,253
Professional Fundraising Fees$10,096

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$386,719--$386,719
Other Salaries and Wages$202,944$20,991$50,934$274,869
Occupancy$22,287$5,357$5,357$33,001
All Other Expenses$15,134$7,329$1,165$23,628
Payroll Taxes$19,345$2,123$2,123$23,591
Fees for Services Accounting-$23,040-$23,040
Fees for Services Other$21,181$136$136$21,453
Other Employee Benefits$12,540$1,377$1,376$15,293
Fees for Services Professional Fundraising--$10,096$10,096
Travel$6,676--$6,676
Other Expenses$4,265$632$948$5,845
Insurance-$5,232-$5,232
Conferences and Meetings-$3,975-$3,975
Information Technology-$3,600-$3,600
Depreciation Depletion-$1,167-$1,167
Total Functional Expenses$714,815$80,372$80,253$875,440
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$151,409
Fundraising Direct Expenses$35,840
Professional Fundraising Fees$10,096

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Luncheon$128,644$128,644$10,425$118,219
Golf Tournament$17,514$17,514$1,559$15,955
Total Events$151,409$151,409$35,840$115,569
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board of directors reviews and approves the tax returns before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board of directors reviews the conflict of interest policy at its annual board retreat during which board members are asked to disclose any potential conflicts. All board members are required to read and sign a "conflict of interest disclosure statement" on an annual basis. The policy is included in materials for the executive director and staff. All employees also must read and sign the disclosure statement annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board and executive director benchmark salaries and compensation against "fair pay for northern california non-profits: the 2013 compensation and benefits survey", published jointly by non-profit compensation associates and hood & strong, certified public accountants. In addition, the board and staff consult with other local non-profit organizations to determine comparable salaries and other compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interest policies and financial reports available upon written or e-mailed request.

Filing and Contact Details

Filer

Filer Name
The Peninsula College Fund
EIN
26-4293269
Phone
6507795000
Address
330 TWIN DOLPHIN DRIVE, REDWOOD CITY, CA 94065

Signing Officer

Name
Phil Ekedahl
Title
Interim CEO
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
7
Volunteers
150

Preparer

Firm
Pfahnl & Hunt Accountancy Corp
Address
333 W Santa Clara St 900, San Jose, CA 95113
Preparer
Joseph W Pfahnl
Phone
4089939494
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