Civic Intelligence

Allan Hancock College Foundation

990 • Fiscal year 2021 • EIN 95-3143396

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 25, 2022

800 S College DrSanta Maria, CA 93454

(805) 922-6966

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

92nd percentile

64%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$338,762

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

79th percentile

25%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-21%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$37,576,955

Up $7,479,068 (+25%) from 2020

Net Assets

Up

$37,444,266

Up $7,440,298 (+25%) from 2020

Liabilities

Up

$132,689

Up $38,770 (+41%) from 2020

Revenue

Down

$3,712,133

Down $1,013,186 (-21%) from 2020

Expenses

Down

$1,325,344

Down $265,892 (-17%) from 2020

Net Income

Down

$2,386,789

Down $747,294 (-24%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $5,827,136Liabilities 2010: $84,052Net Assets 2010: $5,743,0842010Assets 2011: $6,744,697Liabilities 2011: $32,970Net Assets 2011: $6,711,7272011Assets 2012: $6,672,908Liabilities 2012: $38,272Net Assets 2012: $6,634,6362012Assets 2013: $18,128,306Liabilities 2013: $100,428Net Assets 2013: $18,027,8782013Assets 2014: $23,492,803Liabilities 2014: $350,566Net Assets 2014: $23,142,2372014Assets 2015: $23,361,688Liabilities 2015: $437,687Net Assets 2015: $22,924,0012015Assets 2016: $23,118,277Liabilities 2016: $964,133Net Assets 2016: $22,154,1442016Assets 2017: $24,475,362Liabilities 2017: $194,134Net Assets 2017: $24,281,2282017Assets 2018: $26,423,910Liabilities 2018: $296,616Net Assets 2018: $26,127,2942018Assets 2019: $27,911,620Liabilities 2019: $577,503Net Assets 2019: $27,334,1172019Assets 2020: $30,097,887Liabilities 2020: $93,919Net Assets 2020: $30,003,9682020Assets 2021: $37,576,955Liabilities 2021: $132,689Net Assets 2021: $37,444,2662021Assets 2022: $20,101,421Liabilities 2022: $84,534Net Assets 2022: $20,016,8872022Assets 2023: $22,037,332Liabilities 2023: $211,366Net Assets 2023: $21,825,9662023Assets 2024: $25,689,135Liabilities 2024: $306,280Net Assets 2024: $25,382,8552024

Highlighted filing

2021

Assets$37,576,955
Liabilities$132,689
Net Assets$37,444,266

Operations Trend

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

$20M$10M$0-$10M-$20MExpenses 2010: $910,7432010Revenue 2011: $1,589,988Expenses 2011: $997,701Net Income 2011: $592,2872011Expenses 2012: $940,3552012Expenses 2013: $1,105,1382013Revenue 2014: $5,048,055Expenses 2014: $1,319,749Net Income 2014: $3,728,3062014Revenue 2015: $2,267,367Expenses 2015: $1,782,986Net Income 2015: $484,3812015Revenue 2016: $2,478,315Expenses 2016: $2,306,531Net Income 2016: $171,7842016Revenue 2017: $2,054,759Expenses 2017: $1,693,227Net Income 2017: $361,5322017Revenue 2018: $3,642,530Expenses 2018: $2,355,019Net Income 2018: $1,287,5112018Revenue 2019: $2,726,665Expenses 2019: $1,513,370Net Income 2019: $1,213,2952019Revenue 2020: $4,725,319Expenses 2020: $1,591,236Net Income 2020: $3,134,0832020Revenue 2021: $3,712,133Expenses 2021: $1,325,344Net Income 2021: $2,386,7892021Revenue 2022: $6,236,200Expenses 2022: $16,640,444Net Income 2022: -$10,404,2442022Revenue 2023: $1,833,016Expenses 2023: $1,507,614Net Income 2023: $325,4022023Revenue 2024: $5,204,825Expenses 2024: $1,823,615Net Income 2024: $3,381,2102024

Highlighted filing

2021

Revenue$3,712,133
Expenses$1,325,344
Net Income$2,386,789
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 25, 2022
Return Version
2020v4.0
Gross Receipts
$13,956,638
Mission and Program Overview

Mission

To operate for the advancement of education by raising funds and building community support to meet the needs of the college in the areas of scholarships, capital/infrastructure projects, and program support.

For advancement of education by raising funds and building community support to meet the needs of the college in the areas of scholarships, capital/infrastructure projects, and program support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$26,903,048$34,581,845▲ $7,678,797
Savings and Temporary Cash Investments$797,953$2,312,368▲ $1,514,415
Cash and Non-Interest-Bearing Accounts$2,342,249$511,578▼ $1,830,671
Accounts Receivable$12,259$135,220▲ $122,961
Prepaid Expenses and Deferred Charges$22,962$29,007▲ $6,045
Inventories for Sale or Use$1,780$770▼ $1,010
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$30,097,887$37,576,955▲ $7,479,068
Other Assets Total$17,636$6,167▼ $11,469
Liabilities
Other Liabilities$77,718$131,196▲ $53,478
Accounts Payable and Accrued Expenses$16,201$1,493▼ $14,708
Total Liabilities$93,919$132,689▲ $38,770
Net Assets / Fund Balance
Net Assets With Donor Restrictions$28,555,993$35,086,119▲ $6,530,126
Net Assets Without Donor Restrictions$1,447,975$2,358,147▲ $910,172
Total Net Assets Fund Balance$30,003,968$37,444,266▲ $7,440,298
Total Liabilities and Net Assets / Fund Balance$30,097,887$37,576,955▲ $7,479,068

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$26,184,121$1,338,673▲ $1,738,423$-4,705,592$33,966,809
2019$24,654,762$432,918▲ $67,318$-1,029,123$26,184,121
2018$23,513,711$309,839▲ $1,021,252$190,040$24,654,762
2017$18,919,488$289,080▲ $2,042,959-$20,648,861
2016$18,919,488$574,008▲ $2,511,083-$21,784,338
Compensation and Service Providers

Employees

NameTitleOtherTotal
Nichole Dechaine DMACollege Rep$100,222$100,222
Gregory a PensaCollege Trustee$1,583$1,583
Jeffery C HallCollege Trustee$1,583$1,583
Lennette EspinzoaCollege Rep$877$877

Board Members and Trustees

NameTitle
ED D Lee-Volker CoxPresident
Judith E DaleVice President
Erica Jane FloresDirector
Frank CampoDirector
George GramaDirector
James BrayDirector
James E FieldsDirector
Judy FrostDirector
Maggi DaaneDirector
Margaret S HesseDirector
Mario Juarez EsqDirector
Michael J CarrollDirector
Robert B KlugDirector
Robert ManningDirector
Sam Orozco DpaDirector
Susan AppealDirector
Tim HarringtonDirector
Eric D SmithCollege Rep
Fernando Gonzalez OrozcoCollege Rep
Jon Hooten PhdCollege Rep
Kevin G Walthers Ph DCollege Rep
Doris T LahrEmeritus Direct
Ronald L ThatcherEmeritus Direct
Mary K NanningPast Secretary
Debra HoodSecretary
Glenn OwenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,696,060
Program Service Revenue
$0
Investment Income
$1,602,408
Other Revenue
$413,665
All Other Contributions
$1,683,062
Change in Net Assets
$2,386,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,712,133
Revenue Not Reported on Form 990
$5,053,509
Total Revenue per Audited Statements
$8,765,642
Total Revenue per Form 990
$3,712,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$905,557
Salaries, Compensation, and Employee Benefits$283,473
Other Expenses$136,314
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$478,789--$478,789
Grants to Domestic Orgs$426,768--$426,768
Other Salaries and Wages$155,967$102,772-$258,739
Office Expenses$35,207$1,447-$36,654
Other Employee Benefits$15,002$9,732-$24,734
Conferences and Meetings$11,195$4,778-$15,973
Fees for Services Other$4,804$1,500-$6,304
Other Expenses$53$4,377-$4,377
All Other Expenses$2,512--$2,512
Advertising-$1,440-$1,440
Total Functional Expenses$1,182,406$142,938$0$1,325,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,344
Total Expenses per Audited Statements$1,325,344
Total Expenses per Form 990$1,325,344
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allan Hancock Joint CcdSanta Maria, CA-General District Support$336,928
Ah College Aux ProgramsSanta Maria, CA-Pcpa Theatre Support$89,840
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$230,828
Fundraising Direct Expenses$13,403
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Centennial Celebration$183,764$183,764$300$183,464
Year-end Mailing$37,160$37,160$2,664$34,496
Total Events$230,828$230,828$13,403$217,425
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related party - accounts payable$131,196
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
Yes
Other officer compensation reviewed
Yes
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 8: Explanation of No Contemporaneously Documentation of Meetings

Here are no sub committees with authority to act on behalf of the organization.

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

The return will be provided to the board members prior to filing.

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

In addition to reviewing annually, the board members disclose conflicts of interest during the year as they arise. The board addresses conflicts of interest immediately upon disclosure.

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

A rigorous hiring process set forth by allan hancock college. Pay increases for employees are approved by the ahc foundation's executive committee.

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

Financials, governing documents and policies are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Allan Hancock College Foundation
EIN
95-3143396
Phone
8059226966
Address
800 S COLLEGE DR, SANTA MARIA, CA 93454

Signing Officer

Name
Eric D Smith
Title
Vice President
Signed
2022-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric D Smtih
Formed
1977
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
0
Employees
6

Preparer

Firm
CWDL CPAs
Address
5151 Murphy Canyon Rd Ste 135, San Diego, CA 92123
Preparer
John Dominguez CPA
Phone
8585652700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The foundation is a charitable, not-for-profit, tax-exempt organization qualified under provisions of section 501(c)(3) of the internal revenue code and corresponding california provisions. Accordingly, no provisions for income taxes has been provided in the financial statements. The foundation has also been calssified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductivle contributions as provided in section 170(b)(a)(vi). The foundation annually files information returns, forms 990, 199 and rrf-1, with the appropriate agencies. There was no unrelated business activity income. The foundation has adopted fasb asc topic 740 that clarifies the accounting for uncertainty in tax positions take, or expected to be taken, on a tax return and provides that the tax effects from an uncertain tax position can be recovinized in the financial statements only if, based on its merits. The position is more likely that not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustments has been made to the financial statements

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IRS990/Form990PartVIISectionAGrp/PersonNm5GREGORY A PENSA
IRS990/Form990PartVIISectionAGrp/PersonNm6Lennette Espinzoa
IRS990/Form990PartVIISectionAGrp/PersonNm7ED D Lee-Volker Cox
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary K Nanning
IRS990/Form990PartVIISectionAGrp/PersonNm9Debra Hood
IRS990/Form990PartVIISectionAGrp/PersonNm10GLENN OWEN
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES BRAY
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANK CAMPO
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IRS990/Form990PartVIISectionAGrp/PersonNm18TIM HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm19MARGARET S HESSE
IRS990/Form990PartVIISectionAGrp/PersonNm20Erica Jane Flores
IRS990/Form990PartVIISectionAGrp/PersonNm21George Grama
IRS990/Form990PartVIISectionAGrp/PersonNm22MARIO JUAREZ ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm23Robert B Klug
IRS990/Form990PartVIISectionAGrp/PersonNm24ROBERT MANNING
IRS990/Form990PartVIISectionAGrp/PersonNm25SAM OROZCO DPA
IRS990/Form990PartVIISectionAGrp/PersonNm26Fernando Gonzalez Orozco
IRS990/Form990PartVIISectionAGrp/PersonNm27Doris T Lahr
IRS990/Form990PartVIISectionAGrp/PersonNm28Ronald L Thatcher
IRS990/Form990PartVIISectionAGrp/PersonNm29SUSAN APPEAL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0COLLEGE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt1COLLEGE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt2COLLEGE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt3College Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt4COLLEGE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5COLLEGE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6College Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Past Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26College Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt27Emeritus Direct
IRS990/Form990PartVIISectionAGrp/TitleTxt28Emeritus Direct
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.7$0.31$25.4$5.20$1.82$3.38
2023Detailed filing. Detailed filing data is available for this year.$22.0$0.21$21.8$1.83$1.51$0.33
2022Detailed filing. Detailed filing data is available for this year.$20.1$0.08$20.0$6.24$16.6$10.4
2021Detailed filing. Detailed filing data is available for this year.$37.6$0.13$37.4$3.71$1.33$2.39
2020Detailed filing. Detailed filing data is available for this year.$30.1$0.09$30.0$4.73$1.59$3.13
2019Detailed filing. Detailed filing data is available for this year.$27.9$0.58$27.3$2.73$1.51$1.21
2018Detailed filing. Detailed filing data is available for this year.$26.4$0.30$26.1$3.64$2.36$1.29
2017Detailed filing. Detailed filing data is available for this year.$24.5$0.19$24.3$2.05$1.69$0.36
2016Detailed filing. Detailed filing data is available for this year.$23.1$0.96$22.2$2.48$2.31$0.17
2015Detailed filing. Detailed filing data is available for this year.$23.4$0.44$22.9$2.27$1.78$0.48
2014Detailed filing. Detailed filing data is available for this year.$23.5$0.35$23.1$5.05$1.32$3.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.10$18.0$1.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$0.04$6.63$0.94
2011Summary only. Only limited summary data is available for this year.$6.74$0.03$6.71$1.59$1.00$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.08$5.74$0.91