Civic Intelligence

Fresno Pacific University Foundation

EIN 77-0139570 • 501(c)3 • Fresno, CA

Profile

Fresno Pacific University Foundation exists for the purpose of the advancement and support of education through providing assistance to and benefits for Fresno Pacific University, its students, faculty, and programs.

1717 S Chestnut AveFresno, CA 93702

www.fresno.edu/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.25x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

10.20x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

2nd percentile

-177%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-2.3%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-45%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$22,783,769

Up $1,370,819 (+6.4%) from 2023

Liabilities

Down

$4,968,933

Down $384,296 (-7.2%) from 2023

Net Assets

Up

$17,814,836

Up $1,755,115 (+11%) from 2023

Revenue

Up

$1,607,815

Up $1,082,931 (+206%) from 2023

Expenses

Down

$447,734

Down $1,005,798 (-69%) from 2023

Net Income

Up

$1,160,081

Up $2,088,729 (+225%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $25,835,880Liabilities 2010: $9,749,913Net Assets 2010: $16,085,9672010Assets 2011: $24,897,054Liabilities 2011: $9,403,735Net Assets 2011: $15,493,3192011Assets 2012: $25,220,108Liabilities 2012: $9,153,800Net Assets 2012: $16,066,3082012Assets 2013: $26,667,781Liabilities 2013: $8,835,738Net Assets 2013: $17,832,0432013Assets 2014: $28,638,975Liabilities 2014: $9,555,395Net Assets 2014: $19,083,5802014Assets 2015: $28,492,670Liabilities 2015: $8,974,337Net Assets 2015: $19,518,3332015Assets 2016: $27,498,581Liabilities 2016: $7,213,892Net Assets 2016: $20,284,6892016Assets 2017: $28,530,923Liabilities 2017: $7,934,848Net Assets 2017: $20,596,0752017Assets 2018: $28,397,426Liabilities 2018: $7,000,332Net Assets 2018: $21,397,0942018Assets 2019: $30,055,214Liabilities 2019: $7,420,399Net Assets 2019: $22,634,8152019Assets 2020: $29,563,063Liabilities 2020: $6,471,021Net Assets 2020: $23,092,0422020Assets 2021: $33,267,268Liabilities 2021: $6,972,143Net Assets 2021: $26,295,1252021Assets 2022: $21,913,839Liabilities 2022: $5,643,115Net Assets 2022: $16,270,7242022Assets 2023: $21,412,950Liabilities 2023: $5,353,229Net Assets 2023: $16,059,7212023Assets 2024: $22,783,769Liabilities 2024: $4,968,933Net Assets 2024: $17,814,8362024

Highlighted filing

2024

Assets$22,783,769
Liabilities$4,968,933
Net Assets$17,814,836

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $893,4022010Revenue 2011: $716,637Expenses 2011: $346,769Net Income 2011: $369,8682011Revenue 2012: $74,333Expenses 2012: $295,688Net Income 2012: -$221,3552012Revenue 2013: $461,703Expenses 2013: $172,514Net Income 2013: $289,1892013Revenue 2014: $1,071,765Expenses 2014: $160,667Net Income 2014: $911,0982014Revenue 2015: $224,373Expenses 2015: $23,631Net Income 2015: $200,7422015Revenue 2016: $1,820,253Expenses 2016: $350,601Net Income 2016: $1,469,6522016Revenue 2017: -$818,300Expenses 2017: $192,710Net Income 2017: -$1,011,0102017Revenue 2018: $450,307Expenses 2018: $233,800Net Income 2018: $216,5072018Revenue 2019: $762,895Expenses 2019: $269,019Net Income 2019: $493,8762019Revenue 2020: $311,521Expenses 2020: $309,366Net Income 2020: $2,1552020Revenue 2021: $513,807Expenses 2021: $209,986Net Income 2021: $303,8212021Revenue 2022: $950,442Expenses 2022: $305,976Net Income 2022: $644,4662022Revenue 2023: $524,884Expenses 2023: $1,453,532Net Income 2023: -$928,6482023Revenue 2024: $1,607,815Expenses 2024: $447,734Net Income 2024: $1,160,0812024

Highlighted filing

2024

Revenue$1,607,815
Expenses$447,734
Net Income$1,160,081

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.8$4.97$17.8$1.61$0.45$1.16
2023Detailed filing. Detailed filing data is available for this year.$21.4$5.35$16.1$0.52$1.45$0.93
2022Detailed filing. Detailed filing data is available for this year.$21.9$5.64$16.3$0.95$0.31$0.64
2021Detailed filing. Detailed filing data is available for this year.$33.3$6.97$26.3$0.51$0.21$0.30
2020Detailed filing. Detailed filing data is available for this year.$29.6$6.47$23.1$0.31$0.31$0.00
2019Detailed filing. Detailed filing data is available for this year.$30.1$7.42$22.6$0.76$0.27$0.49
2018Summary only. Only limited summary data is available for this year.$28.4$7.00$21.4$0.45$0.23$0.22
2017Detailed filing. Detailed filing data is available for this year.$28.5$7.93$20.6$0.82$0.19$1.01
2016Detailed filing. Detailed filing data is available for this year.$27.5$7.21$20.3$1.82$0.35$1.47
2015Summary only. Only limited summary data is available for this year.$28.5$8.97$19.5$0.22$0.02$0.20
2014Summary only. Only limited summary data is available for this year.$28.6$9.56$19.1$1.07$0.16$0.91
2013Detailed filing. Detailed filing data is available for this year.$26.7$8.84$17.8$0.46$0.17$0.29
2012Summary only. Only limited summary data is available for this year.$25.2$9.15$16.1$0.07$0.30$0.22
2011Summary only. Only limited summary data is available for this year.$24.9$9.40$15.5$0.72$0.35$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$9.75$16.1$0.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$15,770,929
Mission and Program Overview

Mission

Fresno Pacific University Foundation exists for the purpose of the advancement and support of education through providing assistance to and benefits for Fresno Pacific University, its students, faculty, and programs.

To support Fresno Pacific University in the fulfillment of its mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,538,157$9,477,424▲ $939,267
Investments Other Securities$1,733,650$2,322,494▲ $588,844
Land, Buildings, and Equipment, Net$1,540,952$1,495,677▼ $45,275
Cash and Non-Interest-Bearing Accounts$195,789$413,431▲ $217,642
Savings and Temporary Cash Investments$58,683$59,204▲ $521
Accounts Receivable$37,539$0▼ $37,539
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$21,412,950$22,783,769▲ $1,370,819
Other Assets Total$9,308,180$9,015,539▼ $292,641
Liabilities
Other Liabilities$4,086,250$3,748,804▼ $337,446
Mortgage Notes Payable Secured by Investment Property$1,236,137$1,189,285▼ $46,852
Accounts Payable and Accrued Expenses$30,842$30,844▲ $2
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,353,229$4,968,933▼ $384,296
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,133,142$16,789,272▲ $1,656,130
Net Assets Without Donor Restrictions$926,579$1,025,564▲ $98,985
Total Net Assets Fund Balance$16,059,721$17,814,836▲ $1,755,115
Total Liabilities and Net Assets / Fund Balance$21,412,950$22,783,769▲ $1,370,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,060,344$184,833$1,245,177
Land$435,333-$435,333
Other Assets Org$8,770,316--
Other Securities$43,303--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$10,604,748$522,863▲ $1,504,855-$12,386,478
2022$9,711,356$135,518▲ $982,908-$10,604,748
2021$11,036,255$79,593▼ $1,172,853-$9,711,356
2020$8,856,999$244,258▲ $2,062,153-$11,036,255
2019$8,752,169$33,380▲ $278,388$29,840$8,856,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Elizabeth GarvinExecutive DirectorPT$57,732$57,732

Board Members and Trustees

NameTitle
Robert HerrickBoard Chair
Roger NordVice Chair
Bassim MichaelDirector
Brooke BarhamDirector
Don WarkentineDirector
Luke DeGrootDirector
Mark DeffenbacherDirector
Michelle BradfordDirector
Karl StrubeSecretary
Tim FranzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,878
Program Service Revenue
$0
Investment Income
$1,489,712
Other Revenue
$45,225
All Other Contributions
$72,878
Change in Net Assets
$1,160,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,536,017
Revenue Not Reported on Financial Statements
$71,798
Revenue Not Reported on Form 990
$1,045,425
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,581,442
Total Revenue per Form 990
$1,607,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$370,532
Other Expenses$77,202
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$245,993--$245,993
Grants to Domestic Orgs$124,539--$124,539
Fees for Service Investment Mgmnt Fees-$71,798-$71,798
Office Expenses-$4,555-$4,555
All Other Expenses$0$849$0$849
Total Functional Expenses$370,532$77,202$0$447,734

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$826,327
Expenses Not Reported on Form 990$450,391
Total Expenses per Form 990$447,734
Expenses per Audited Statements$375,936
Expenses Not Reported on Financial Statements$71,798
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fresno Pacific UniversityFresno, CA501(c)(3)Construction of the performing arts center & Fresno Pacific University Sign Project$110,214
Fresno MissionFresno, CA501(c)(3)Support of Organization-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unitrust/Annuity trust liabilities$2,996,142
Unitrust liability - due to others$752,662
Due to Fresno Pacific University-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

The organization does not compensate any officers or key employees. Therefore, these lines were answered 'no' in accordance with the instructions.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The Organization has an executive committee with the authority to act on behalf of the full board. All decisions made by the executive committee are confirmed by the full board during regular meetings. The executive committee is made up of Robert Herrick - Chairman, Roger Nord - Vice Chairman, Tim Franz - Treasurer and Karl Strube - Secretary.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

A majority of the Foundation's board members are selected by Fresno Pacific University.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 is prepared by an independent CPA firm. A draft of the 990 is provided to the organization for initial review. The Executive Director and Administrative Coordinator perform a thorough review of the return and provide revisions, if any, to the preparer. The final version of the 990 is distributed to all board members prior to filing with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

The policy is brought to the attention of the board annually and all members of the board, including officers, sign the policy and also declare if there are any conflicts of interest. Any potential conflicts are reviewed by the Executive Director. The Executive Director's conflict of interest policy will be reviewed by the President of FPU. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Line 19 Required documents available to the public

The Foundation makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Misc Revenue - Total Revenue: 4619, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 4619;

Filing and Contact Details

Filer

Filer Name
Fresno Pacific University Foundation
EIN
77-0139570
Phone
5594533485
Address
1717 S Chestnut Ave, Fresno, CA 93702

Signing Officer

Name
Elizabeth A Garvin
Title
VP Adv & Exec Director Fpu Fnd
Phone
5594533485
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Ashley Peabody
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of trusts - 545416;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The earnings from the endowment will be utilized to fund scholarships for students attending Fresno Pacific University and to fund programs for Fresno Pacific University.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in value of trusts - 545416 Rental expenses - 121094

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental expenses - 121094

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