FRIENDS OF FULLERTON COLLEGE

EIN: 204162060 501(c)(3) Education

FULLERTON, CA

Total Revenue
$601,344
Total Expenses
$494,601
Total Assets
$4,593,987
Net Assets
$3,967,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
LISA NASHUA
Phone
7149927790
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF FULLERTON COLLEGE, founded in 2005, is a small nonprofit in the Education sector that reported $601K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $107K, a strong 18% operating margin.

Mission

TO PROMOTE FULLERTON COLLEGE AND ENHANCE THE LIVES OF ITS STUDENTS BY RAISING AND ACCEPTING RESOURCES FOR SCHOLARSHIPS, GRANTS, PROGRAMMATIC, AND INSTITUTIONAL SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $92,029

TO PROMOTE FULLERTON COLLEGE AND ENHANCE THE LIVES OF ITS STUDENTS BY RAISING AND ACCEPTING RESOURCES FOR SCHOLARSHIPS, GRANTS, PROGRAMMATIC, AND INSTITUTIONAL SUPPORT.

Program 2
Expenses: $192,325

EMERGENCY GRANT STUDENT ASSISTANCE AND STUDENT SUPPORT SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $502,816
Program Service Revenue $0
Investment Income $99,328
Other Revenue $-800
TOTAL REVENUE $601,344

Expense Breakdown

Grants Paid $192,325
Salaries & Benefits $211,840
Fundraising Expenses $81,883
Program Expenses $284,354
Other Expenses $90,436
TOTAL EXPENSES $494,601

Year-over-Year Comparison

2024 2023 Change
Revenue $601,344 $808,427 -0.3%
Expenses $494,601 $410,132 +0.2%
Net Income $106,743 $398,295 -0.7%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
4
Volunteers
20

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$215,097
Total Directors
13
$215,097
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANETH MANJARREZ INTERIM EXECUTIVE DIRECTOR 40.00
Officer Director
$188,243 $26,854 $215,097
EVANGELINA ROSALES PRESIDENT 1.00
Officer Director
$0 $0 $0
ISABEL OROPEZA PRESIDENT (THROUGH 3/2025) 1.00
Officer Director
$0 $0 $0
DR VICKI CALHOUN VICE PRESIDENT (FROM 3/2025) 1.00
Officer Director
$0 $0 $0
DR ANNA CORRAL SECRETARY (FROM 3/2025) 1.00
Officer Director
$0 $0 $0
DOUG CORTEZ SECRETARY (THROUGH 9/2024) 1.00
Officer Director
$0 $0 $0
HENRY HUA TREASURER (FROM 9/2024) 1.00
Officer Director
$0 $0 $0
DR CYNTHIA OLIVO MEMBER 1.00
Director
$0 $0 $0
JOHN AYALA MEMBER (FROM 3/2025) 1.00
Director
$0 $0 $0
ANNIKA SHELLENBARGER MEMBER (FROM 9/2024) 1.00
Director
$0 $0 $0
BRIDGET KOMINEK MEMBER (FROM 2/2025) 1.00
Director
$0 $0 $0
PAULETTE MARSHALL CHAFFEE MEMBER 1.00
Director
$0 $0 $0
ROBERT JENSEN MEMBER (THROUGH 3/2025) 1.00
Director
$0 $0 $0
ZOOT VELASCO EXECUTIVE DIRECTOR (THROUGH 1/24) 40.00
$46,207 $4,771 $50,978
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $601,344 $494,601 $4,593,987 $106,743
2024 No data No data No data No data
2023 $2,650,250 $479,165 $3,526,792 $2,171,085
2022 $1,002,301 $134,157 $1,347,985 $868,144
2021 $308,910 $38,471 $453,528 $270,439
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