New Schools Fund in Oakland, California (CA)

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New Schools Fund
Employer Identification Number (EIN)943281780
Name of OrganizationNew Schools Fund
Address1970 Broadway Ste 350, Oakland, CA 94612-2238
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Scholarships (other)
SubsectionEducational Organization
Ruling Date02/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$48,598,080
Amount of Income$37,112,592
Form 990 Revenue Amount$30,864,982
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2013: $37,112,592
This organization: 

 $37,112,592
Other organizations performing similar types of work: 

 $7,370,772

Assets in 2013: $48,598,080
New Schools Fund: 

 $48,598,080
Other organizations performing similar types of work: 

 $26,018,213

Expenses in 2013: $24,511,328
New Schools Fund: 

 $24,511,328
Other organizations performing similar types of work: 

 $2,570,274

Income to expenses ratio in 2013: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 2.5

Expenses allocated to program services in 2007: 93.6%
This organization: 

 93.6%
Other organizations performing similar types of work: 

 84.4%

Grants share in income in 2013: 97.4%
This organization: 

 97.4%
Other organizations performing similar types of work: 

 27.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesYes
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?YesNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096453758
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$2,008,909$2,410,939
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$173,049$95,323
Total number of individuals who received more than $100,000 of reportable compensation from the organization1312
Total number of independent contractors who received more than $100,000 of compensation from the organization75
Statement of Revenue
201120122013
Total revenue$4,577,523$24,880,490$30,864,982
Contributions, Gifts, Grants and Other Similar Amounts$3,943,560$24,124,201$30,059,455
Program Service Revenue$7,873$583,288$675,992
900099$7,873$536,960$560,658
900099$0$46,328$115,334
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$46,739$106,831$49,824
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Gross rents (Real / Personal)$0 / $0$97,941 / $0$151,601 / $0
Less: rental expenses (Real / Personal)$0 / $0$97,941 / $0$151,601 / $0
Rental income or (loss) (Real / Personal)$0 / $0$0 / $0$0 / $0
Net gain/loss from sales of assets other than inventory$578,851$0$-36,280
Gross amount from sales of assets other than inventory (Securities / Other)$722,582 / $0$0 / $0$6,059,579 / $150
Less: cost or other basis and sales expenses (Securities / Other)$143,731 / $0$0 / $0$6,096,009 / $0
Gain or (loss) (Securities / Other)$578,851 / $0$0 / $0$-36,430 / $150
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$500$66,170$115,991
900099$500$66,170$115,991
All other revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$12,322,663$28,669,787$24,511,328
Grants and other assistance to domestic organizations and domestic governments$7,047,611$19,197,208$12,341,353
Grants and other assistance to domestic individuals$0$0$53,000
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$1,210,173$2,621,789$2,532,145
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$515,323$1,510,584$2,222,062
Pension plan accruals and contributions$0$110,177$106,522
Other employee benefits$0$440,908$508,411
Payroll taxes$79,955$280,051$323,071
Fees for services (non-employees)
Management$0$0$0
Legal$180,095$52,090$27,071
Accounting$616$152,586$299,183
Lobbying$73,500$0$0
Professional fundraising services$685$0$0
Investment management fees$3,970$0$0
Other$2,626,046$2,361,873$3,959,109
Advertising and promotion$0$0$55,997
Office expenses$62,800$118,713$86,640
Information technology$50,294$294,097$347,896
Royalties$0$0$0
Occupancy$143,060$194,119$248,925
Travel$231,717$466,854$364,124
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$4,239$30,316$105,537
Interest$261$0$886
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$28,873$63,637$53,532
Insurance$4,724$10,289$10,765
Other expenses$55,850$746,367$806,577
Other expenses$2,311$12,651$31,906
Other expenses$560$5,000$26,616
Balance Sheet
201120122013
Total assets$47,209,533$41,798,031$48,598,080
Cash - non-interest-bearing$1,946,479$9,219$0
Savings and temporary cash investments$2,913,818$533,570$6,646,882
Pledges and grants receivable, net$3,626,534$4,822,338$9,246,949
Accounts receivable, net$754,744$73,250$41,410
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$124,019$108,235$125,471
Investments - publicly traded securities$0$0$0
Investments - other securities$29,862,067$27,967,539$20,957,017
Investments - program-related$3,878,590$8,231,668$11,440,911
Intangible assets$2,500,000$0$0
Other assets$1,603,282$52,212$139,440
Total liabilities$4,219,182$2,639,757$3,132,995
Accounts payable and accrued expenses$532,327$852,695$1,350,995
Grants payable$3,684,380$1,787,062$1,782,000
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$2,475$0$0
Total net assets or fund balances$42,990,351$39,158,274$45,465,085
Unrestricted net assets$9,885,318$21,353,102$29,165,857
Temporarily restricted net assets$33,105,033$17,805,172$16,299,228
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$59,636,545
Subtotal Support$104,342,674
Gifts, grants, contributions, and membership fees received$104,342,674
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$44,706,129
Total Support$105,167,560
Public Support$104,342,674
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$641,351
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$183,535
Gross receipts from related activities, etc.$1,711,781
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$3,225,555$8,021,493$28,399,093$10,496,172$12,494,437$25,310,021$43,842,041$16,626,986
Contributions, gifts, grants, and similar amounts received$3,027,187$6,840,124$28,141,041$10,526,693$11,916,197$24,444,829$43,011,182$15,621,678
Contributions to donor advised funds$0$0
Direct public support$3,027,187$6,840,124$28,141,041$9,198,104$10,387,127$22,212,189$42,103,581$15,621,678
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$1,328,589$1,529,070$2,232,640$907,601$0
Program service revenue including government fees and contracts$1,031$0$38,874$68,646$77,085$87,100$94,621$278,207
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$88,221$10,055$26,627$162,367$498,655$772,792$714,032$722,426
Dividends and interest from securities$118,485$126,356$34,624$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$-9,369$-342,047$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$1,387,005$47,068$-262,034$0$0$8,076$193
Gross amount from sales of assets other than inventory$0$14,235,319$47,168$0$0$0$5,049,936$18,092,399
Less: cost or other basis and sales expenses$0$12,848,314$100$262,034$0$0$5,041,860$18,092,206
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$110,859$500$2,500$5,300$14,130$4,482
Total expenses$1,479,763$3,914,941$5,476,263$10,743,865$14,351,861$23,831,158$19,391,490$19,444,280
Program services$1,048,390$3,271,065$5,021,083$10,058,212$13,380,289$22,455,753$17,987,133$18,201,119
Management and general$283,635$500,337$455,180$496,653$773,580$1,116,924$1,154,144$894,985
Fundraising$147,738$143,539$0$189,000$197,992$258,481$250,213$348,176
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$6,077,153$10,157,039$28,843,584$28,595,891$26,738,467$28,217,329$52,653,543$49,822,446
Excess or (deficit) for the year$1,745,792$4,106,552$22,922,830$-247,693$-1,857,424$1,478,863$24,450,551$-2,817,294
Net assets or fund balances at beginning of year$4,325,158$6,077,153$10,157,039$28,843,584$28,595,891$26,738,466$28,717,329$52,653,543
Other changes in net assets or fund balances$6,203$-26,666$-4,236,285$0$0$0$-514,337$-13,803
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$19,444,280$18,201,119$894,985$348,176
Grants paid from donor advised funds$0
Other grants and allocations$12,493,436
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,014,823$479,515$391,776$143,532
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,471,463$2,181,371$178,073$112,019
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$293,206$251,729$21,528$19,949
Payroll taxes$209,474$173,867$20,357$15,250
Professional fundraising fees$0$0$0$0
Accounting fees$41,450$0$41,450$0
Legal fees$9,404$0$7,266$2,138
Supplies$38,619$30,894$5,334$2,391
Telephone$49,865$39,446$7,193$3,226
Postage and shipping$8,013$6,129$1,301$583
Occupancy$229,658$184,810$30,963$13,885
Equipment rental and maintenance$0$0$0$0
Printing and publications$134,731$129,663$3,147$1,921
Travel$343,215$313,976$29,239$0
Conferences, conventions, and meetings$950,346$949,780$0$566
Interest$0$0$0$0
Depreciation, depletion, etc.$96,097$42,615$53,482$0
Other expenses not covered above$1,060,480$923,888$103,876$32,716
Balance Sheets
20002001200220032004200520062007
Total assets$6,116,664$10,204,083$29,576,560$29,443,264$29,089,101$28,660,117$53,911,001$51,009,860
Cash - non-interest-bearing$0$0$54,050$357,176$167,024$306,279$129,824$88,648
Savings and temporary cash investments$2,590,278$5,117,149$5,924,777$19,247,774$24,177,771$8,641,123$8,047,539$5,105,217
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$22,116,041$6,919,966$1,961,085$13,294,304$35,055,433$22,207,694
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,999,729$1,000,000$1,000,000$2,500,000$2,250,000$1,250,000$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$5,000$0$0$0$0$0$0
Investments - publicly-traded securities$9,364,341$21,758,089
Investments - other securities$542$3,056,342$0$0$0$4,807,252$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$22,988$0$0$0$0$0$0
Investments - other$0$1,000,000$417,581$230,547$230,547$230,547$0$0
Land, buildings, and equipment less accumulated depreciation$26,115$0$51,848$153,721$173,666$110,938$110,818$281,445
Other assets, including program-related investments$1,500,000$2,604$12,263$34,080$129,008$19,674$1,203,046$1,568,767
Total liabilities$39,511$47,044$732,976$847,373$2,350,634$442,788$1,257,458$1,187,414
Accounts payable and accrued expenses$39,511$47,044$249,976$447,373$565,634$442,788$657,458$1,187,414
Grants payable$0$0$483,000$400,000$1,785,000$0$600,000$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$6,116,664$10,204,083$29,576,560$29,443,264$29,089,101$28,660,117$53,911,001$51,009,860
Total net assets or fund balances$6,077,153$10,157,039$28,843,584$28,595,891$26,738,467$28,217,329$52,653,543$49,822,446
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$28,399,093$10,496,172$12,494,437$25,310,021$43,842,041$16,626,986
Total revenue, gains, and other support per audited financial statements$0$0$28,416,833$12,397,273$11,047,631$24,361,289$43,854,076$16,632,770
Other expenses$0$0$17,740$1,901,101$-1,446,806$-948,732$26,372$19,587
Net unrealized gains on investments$0$0$-12,186$0$0$0$0$0
Donated services and use of facilities$0$0$29,826$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$100$1,901,101$-1,446,806$-948,732$26,372$19,587
Other revenue$0$0$0$0$0$0$14,337$13,803
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$14,337$13,803
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$5,476,263$10,743,865$14,351,861$23,831,158$19,391,490$19,444,280
Total expenses and losses per audited financial statements$0$0$5,506,189$10,743,865$14,351,861$23,831,158$19,391,490$19,444,280
Other revenue$0$0$29,926$0$0$0$0$0
Donated services and use of facilities$0$0$29,826$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$100$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$480,000$16,187$300
40$238,446$20,069$300
40$238,815$20,406$300
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings10
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200622
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$727,101$278,207
Program service revenue
Program service revenue 1000000$000$0$256,835
Program service revenue 2000000$000$0$20,872
Program service revenue 3000000$000$0$500
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$722,426$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$193$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$4,482$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$190,900$11,719$300
$212,400$12,224$300
$188,333$26,177$300
$161,000$12,537$100
$156,800$10,221$0
Total number of other employees paid over $50,00014
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$5,466,368$3,233,893$1,636,288$6,112,564$25,954,509$17,442,076$13,976,802$22,073,036
Gifts, grants, and contributions received$5,379,420$3,027,187$1,558,630$6,025,000$25,722,768$16,863,836$13,111,610$21,250,253
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$68,874$77,085$87,100$94,621
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$86,948$206,706$77,658$87,564$162,367$498,655$772,792$714,032
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$500$2,500$5,300$14,130
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Ucla Foundation201 Gseis Bldg, Los Angeles, CA 90095CA1949-10$852,716,683
2University Of California San Francisco Foundation220 Montgomery St Fl 5, San Francisco, CA 94104-3412CA1992-11$593,112,336
3University Of California Berkeley Foundation2080 Addison St, Berkeley, CA 94720-4200CA1950-07$487,062,041
4University Of California Irvine Foundation100 Theory, Irvine, CA 92617-3055CA1968-09$128,801,926
5Cal Poly Pomona Foundation Inc3801 West Temple Ave Bldg 55, Pomona, CA 91768-2557CA1966-07$112,964,637
6The U C Davis Foundation1460 Drew Avenue, Davis, CA 95618-4856CA1961-08$84,926,211
7Associated Students Ucla, Payroll Manager308 Westwood Plaza Rm 219 Kh, Los Angeles, CA 90095-8355CA1945-10$78,493,844
8California State University Fresno Foundation, Society Of Women Engineers Csu Fresno Student Chapter2320 E San Ramon Ave M/S Ee94, Fresno, CA 93740CA1954-04$77,976,386
9San Jose State University Research Foundation210 N 4th St Fl 4, San Jose, CA 95112-5569CA1961-07$70,257,180
10Cal Poly Pomona University Educational Trust3801 W Temple Ave, Pomona, CA 91768-2557CA1997-02$63,240,330
11Southwestern Law School3050 Wilshire Blvd, Los Angeles, CA 90010-1106CA1937-02$47,879,857
12California State University Long Beach Research Foundation6300 E State University Dr Ste 332, Long Beach, CA 90815-4670CA1961-12$45,507,475
13Campanile Foundation5500 Campanile Dr, San Diego, CA 92182-1968CA2000-02$44,461,138
14Ronald Reagan Presidential Foundation And Institute40 Presidential Drive No 200, Simi Valley, CA 93065-0600CA1985-03$44,402,792
15The Csu Chico Research FoundationCsu Chico Building 25, Chico, CA 95929-0246CA1997-04$41,496,460
16New Schools Fund1970 Broadway Ste 350, Oakland, CA 94612-2238CA1998-02$37,112,592
17University Hill Foundation5707 Milton Ave, Whittier, CA 90601-2420CA1977-03$33,592,200
18California Scottish Rite Foundation2100 North Broadway 350, Santa Ana, CA 92706-2624CA1988-07$33,224,244
19Csula Auxiliary Services Inc5151 State University Dr No Ge 314, Los Angeles, CA 90032-4226CA1986-08$30,839,396
20The Foundation For Santa Barbara City College721 Cliff Dr, Santa Barbara, CA 93109-2312CA1976-04$27,366,334
Number of organizations performing similar types of work
Alaska1
Alabama13
Arkansas8
Arizona5
California78
Colorado11
Connecticut7
District of Columbia6
Delaware5
Florida38
Georgia18
Hawaii2
Iowa15
Idaho6
Illinois33
Indiana13
Kansas16
Kentucky17
Louisiana12
Massachusetts19
Maryland10
Maine2
Michigan15
Minnesota17
Missouri7
Mississippi4
Montana5
North Carolina30
North Dakota4
Nebraska5
New Hampshire2
New Jersey12
New Mexico6
Nevada2
New York42
Ohio32
Oklahoma11
Oregon7
Pennsylvania19
Rhode Island6
South Carolina8
South Dakota2
Tennessee8
Texas52
Utah4
Virginia29
Washington10
Wisconsin15
West Virginia6
Wyoming2
International4
Total701

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