THE FOUNDATION OF PALM SPRINGS UNIF

EIN: 261265520 501(c)(3) Arts, Culture & Humanities

PALM SPRINGS, CA

Total Revenue
$3,800,107
Total Expenses
$1,562,347
Total Assets
$5,008,288
Net Assets
$5,008,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
MARK GAUTHIER
Phone
7604168455
Tax Period
2022-07-01 to 2023-06-30

THE FOUNDATION OF PALM SPRINGS UNIF, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2022. Revenue surged 335% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 59% operating margin.

Mission

CHARGED AS A 501(C)3 WITH PROVIDING A STREAM OF EXTERNAL FUNDS TO SCHOOLS WITHIN THE DISTRICT, THE FOUNDATION FOR THE PALM SPRINGS UNIFIED SCHOOL DISTRICT REPRESENTS A PUBLIC-PRIVATE PARTNERSHIP DEDICATED TO SUPPLEMENTING FEDERAL AND STATE SUPPORT OF EDUCATION. WORKING IN COLLABORATION WITH THE BOARD OF EDUCATION AND SUPERINTENDENT, THE FOUNDATION (1) HELPS TO UNDERWRITE EXISTING INITIATIVES AND PILOT NEW INITIATIVES THAT ARE UNFUNDED OR UNDERFUNDED; (2) BUILDS VISIBILITY OF THE DISTRICT'S NEEDS AMONG COMMUNITY STAKEHOLDERS AND POTENTIAL DONORS, AND (3) FUNCTIONS AS THE FISCAL AGENT FOR EXTERNAL FUNDS THAT COME TO THE DISTRICT, STEWARDING AND PROVIDING FIDUCIARY ADMINISTRATION OF SUCH RESOURCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,489,494
Program Service Revenue $46,485
Investment Income $264,128
Other Revenue $0
TOTAL REVENUE $3,800,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $452,534
Fundraising Expenses $136,663
Program Expenses $1,314,464
Other Expenses $1,109,813
TOTAL EXPENSES $1,562,347

Year-over-Year Comparison

2022 2021 Change
Revenue $3,800,107 $872,945 +3.4%
Expenses $1,562,347 $1,348,517 +0.2%
Net Income $2,237,760 $-475,572 -5.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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
15
Independent Members
15
Employees
3
Volunteers
N/A

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY BUSH SECRETARY 2.00
Officer Director
$0 $0 $0
MARK GAUTHIER PRESIDENT 4.00
Officer Director
$0 $0 $0
ROBERT HETTINGER TREASURER 4.00
Officer Director
$0 $0 $0
DAN SPENCER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $3,800,107 $1,562,347 $5,008,288 $2,237,760
2022 $872,945 $1,348,517 $2,776,495 $-475,572
2021 $1,243,965 $753,061 $3,246,098 $490,904
2020 $940,492 $882,450 $2,763,620 $58,042
2019 $575,317 $405,148 $2,922,599 $170,169
2018 $863,256 $716,743 $2,557,139 $146,513
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