Civic Intelligence

Padres Foundation

990 • Fiscal year 2021 • EIN 81-2350619

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

100 Park BlvdSan Diego, CA 92101

(619) 795-5000

Siviq Scores

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

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

51%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,612,855

Up $593,409 (+29%) from 2020

Net Assets

Up

$2,241,020

Up $490,688 (+28%) from 2020

Liabilities

Up

$371,835

Up $102,721 (+38%) from 2020

Revenue

Up

$950,320

Up $320,175 (+51%) from 2020

Expenses

Down

$459,632

Down $149,087 (-24%) from 2020

Net Income

Up

$490,688

Up $469,262 (+2190%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2017: $1,611,179Liabilities 2017: $3,717Net Assets 2017: $1,607,4622017Assets 2018: $1,961,134Liabilities 2018: $92,372Net Assets 2018: $1,868,7622018Assets 2019: $1,942,773Liabilities 2019: $213,867Net Assets 2019: $1,728,9062019Assets 2020: $2,019,446Liabilities 2020: $269,114Net Assets 2020: $1,750,3322020Assets 2021: $2,612,855Liabilities 2021: $371,835Net Assets 2021: $2,241,0202021Assets 2022: $3,961,899Liabilities 2022: $230,084Net Assets 2022: $3,731,8152022Assets 2023: $6,754,730Liabilities 2023: $250,710Net Assets 2023: $6,504,0202023Assets 2024: $9,216,556Liabilities 2024: $314,922Net Assets 2024: $8,901,6342024

Highlighted filing

2021

Assets$2,612,855
Liabilities$371,835
Net Assets$2,241,020

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,157,269Expenses 2017: $445,110Net Income 2017: $1,712,1592017Revenue 2018: $810,949Expenses 2018: $457,649Net Income 2018: $353,3002018Revenue 2019: $982,865Expenses 2019: $1,014,720Net Income 2019: -$31,8552019Revenue 2020: $630,145Expenses 2020: $608,719Net Income 2020: $21,4262020Revenue 2021: $950,320Expenses 2021: $459,632Net Income 2021: $490,6882021Revenue 2022: $2,536,332Expenses 2022: $1,045,537Net Income 2022: $1,490,7952022Revenue 2023: $4,508,045Expenses 2023: $1,735,840Net Income 2023: $2,772,2052023Revenue 2024: $4,440,958Expenses 2024: $2,039,362Net Income 2024: $2,401,5962024

Highlighted filing

2021

Revenue$950,320
Expenses$459,632
Net Income$490,688
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.2
Gross Receipts
$1,798,493
Mission and Program Overview

Mission

To serve the community in the areas of children's health, education, youth baseball/softball, first responders and the military.

The padres foundation is the primary source of funding for the padres club's outreach initiatives in the areas of children's health, education, fitness, and youth baseball/softball.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,940,148$2,522,713▲ $582,565
Pledges and Grants Receivable$68,098$90,142▲ $22,044
Prepaid Expenses and Deferred Charges$11,200--
Total Assets$2,019,446$2,612,855▲ $593,409
Liabilities
Accounts Payable and Accrued Expenses$160,359$292,646▲ $132,287
Other Liabilities$108,755$77,189▼ $31,566
Deferred Revenue-$2,000-
Total Liabilities$269,114$371,835▲ $102,721
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,284,586$1,708,560▲ $423,974
Net Assets Without Donor Restrictions$465,746$532,460▲ $66,714
Total Net Assets Fund Balance$1,750,332$2,241,020▲ $490,688
Total Liabilities and Net Assets / Fund Balance$2,019,446$2,612,855▲ $593,409
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom SeidlerPresident/ Director
Erik GreupnerChief Executive Officer/director
Caroline PerrySecretary/director
Ronda SedilloChief Financial Officer (thru 1/21)
Revenue and Support

Revenue Composition

Contributions and Grants
$508,243
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$442,077
All Other Contributions
$508,243
Change in Net Assets
$490,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,873
Other Expenses$166,759
Total Fundraising Expense$152,313
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$292,873--$292,873
Other Expenses--$47,313$47,313
Fees for Services Accounting-$8,570-$8,570
Office Expenses-$3,383-$3,383
Travel-$1,800-$1,800
Advertising$352$341-$693
Total Functional Expenses$293,225$14,094$152,313$459,632
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
RADY CHILDREN'S HOSPITALSan Diego, CA501(c)(3)General Support$98,000
Monarch SchoolSan Diego, CA501(c)(3)Fall Fundraiser - General Support$50,000
Build a MiracleSan Diego, CA501(c)(3)Funds for Housing Construction in Tijuana$18,500
Lucky Duck FoundationDel Mar, CA501(c)(3)Event Sponsorship$10,000
Randy Jones FoundationSan Diego, CA501(c)(3)Scholarship$10,000
San Diego Hall of ChampionsDel Mar, CA501(c)(3)General Support$10,000
Challenged Athletes IncSan Diego, CA501(c)(3)General Support$8,206
THE NEW CHILDREN'S MUSEUMSan Diego, CA501(c)(3)General Support$8,000
Feeding San DiegoSan Diego, CA501(c)(3)Scholarships$7,500
Big Brothers Big Sisters of San Diego County IncSan Diego, CA501(c)(3)Event Sponsorship$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$1,290,250
Gaming Direct Expenses$848,173
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Padres Lp$77,189
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There is one class of voting members of the organization, consisting of individuals who serve as board of directors of the organization.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by management. A complete copy of the form 990 and supporting schedules was provided to the full board for review prior to being filed.

Form 990, Part VI, Section B, Line 12C

Officers and directors sign a conflict of interest affidavit. If a transaction arises where there is a conflict of interest, the person with such conflict is not allowed to vote on the transaction.

Form 990, Part VI, Section B, Line 15

None of the officers or directors are paid by the foundation. The foundation has no paid employees.

Form 990, Part VI, Section C, Line 19

The organizations governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Padres Foundation
EIN
81-2350619
Phone
6197955000
Address
100 PARK BLVD, SAN DIEGO, CA 92101

Signing Officer

Name
Tom Seidler
Title
President
Phone
6197955000
Signed
2022-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Seidler
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
300

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DR SUITE 1300, SAN DIEGO, CA 92121
Preparer
Jane Coleman
Phone
8586271400
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IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0SAN DIEGO
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0CA
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd092101
IRS990ScheduleG/StatesWhereGamingConductedCd0CA
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt098000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt218500
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt68206
IRS990ScheduleI/RecipientTable/CashGrantAmt78000
IRS990ScheduleI/RecipientTable/CashGrantAmt87500
IRS990ScheduleI/RecipientTable/CashGrantAmt96000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FALL FUNDRAISER - GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FUNDS FOR HOUSING CONSTRUCTION IN TIJUANA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SCHOLARSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4EVENT SPONSORSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9EVENT SPONSORSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RADY CHILDREN'S HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MONARCH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BUILD A MIRACLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3RANDY JONES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4LUCKY DUCK FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SAN DIEGO HALL OF CHAMPIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6CHALLENGED ATHLETES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7THE NEW CHILDREN'S MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8FEEDING SAN DIEGO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0330170626
IRS990ScheduleI/RecipientTable/RecipientEIN1330871354
IRS990ScheduleI/RecipientTable/RecipientEIN2330971124
IRS990ScheduleI/RecipientTable/RecipientEIN3472442386
IRS990ScheduleI/RecipientTable/RecipientEIN4203324855
IRS990ScheduleI/RecipientTable/RecipientEIN5952856451
IRS990ScheduleI/RecipientTable/RecipientEIN6330739596
IRS990ScheduleI/RecipientTable/RecipientEIN7953619583
IRS990ScheduleI/RecipientTable/RecipientEIN8260457477
IRS990ScheduleI/RecipientTable/RecipientEIN9952151526
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03020 CHILDRENS WAY MC5005
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11625 NEWTON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt211207 LADY FERN CT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt311618 BOULTON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42683 VIA DE LA VALLE SUITE G 259
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt53840 VIA DE LA VALLE STE 300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt69591 WAPLES STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7200 WEST ISLAND AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt89744 WAPLES ST 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt94305 UNIVERSITY AVE SUITE 590
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm3SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm4DEL MAR
IRS990ScheduleI/RecipientTable/USAddress/CityNm5DEL MAR
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm7SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm8SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm9SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092123
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192113
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292131
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392128
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd492014
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd592014
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd692121
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd792101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd892121
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd992105
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PADRES FOUNDATION IDENTIFIES ELIGIBLE GRANTEES RELATED TO CHARITABLE, EDUCATIONAL, AND COMMUNITY PURPOSES. GRANTEES ARE MONITORED AS APPROPRIATE THROUGH PERIODIC REPORTS AND SITE INSPECTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt010
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONE CLASS OF VOTING MEMBERS OF THE ORGANIZATION, CONSISTING OF INDIVIDUALS WHO SERVE AS BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT. A COMPLETE COPY OF THE FORM 990 AND SUPPORTING SCHEDULES WAS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS SIGN A CONFLICT OF INTEREST AFFIDAVIT. IF A TRANSACTION ARISES WHERE THERE IS A CONFLICT OF INTEREST, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NONE OF THE OFFICERS OR DIRECTORS ARE PAID BY THE FOUNDATION. THE FOUNDATION HAS NO PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0330644351
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0MAJOR LEAGUE BASEBALL TEAM
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PADRES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0100 PARK BLVD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SAN DIEGO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd092101

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