Foundation for Grossmont and Cuyamaca Colleges

EIN: 330905402 501(c)(3) Education

EL CAJON, CA

Total Revenue
$52,737,490
Total Expenses
$58,085,062
Total Assets
$52,555,355
Net Assets
$44,466,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
Sahar Abushaban
Phone
6196447745
Tax Period
2024-07-01 to 2025-06-30

Foundation for Grossmont and Cuyamaca Colleges, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $52.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $58.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

The Foundation for Grossmont and Cuyamaca Colleges raises financial resources for Grossmont and Cuyamaca Colleges. The Foundation provides support for the colleges and the community to implement projects that increase social mobility and community well-being.

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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 $50,422,250
Program Service Revenue $870,809
Investment Income $1,109,734
Other Revenue $334,697
TOTAL REVENUE $52,737,490

Expense Breakdown

Grants Paid $480,464
Salaries & Benefits $8,768,064
Fundraising Expenses $0
Program Expenses $57,551,030
Other Expenses $48,836,534
TOTAL EXPENSES $58,085,062

Year-over-Year Comparison

2024 2023 Change
Revenue $52,737,490 $56,261,379 -0.1%
Expenses $58,085,062 $40,518,009 +0.4%
Net Income $-5,347,572 $15,743,370 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
12
Employees
115
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
3
$578,963
Total Directors
15
$1,276,291
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lynn Neault Secretary 1.00
Officer Director
$0 $115,680 $559,549
Denise Whisenhunt Director 1.00
Director
$0 $74,001 $373,426
Jessica Robinson Director 1.00
Director
$0 $46,681 $323,902
Sally Cox CEO 40.00
$192,695 $59,385 $252,080
Danene Brown Regional Consortium Chair 40.00
$187,568 $59,183 $246,751
Kevin McMackin Director of Strategic Partnerships 40.00
$175,630 $54,867 $230,497
Christine Jensen K-16 Collaborative Director 40.00
$163,197 $51,384 $214,581
Dana Rivers Director of Development 40.00
$134,793 $38,855 $173,648
Bill Garrett Chairman 1.00
Officer Director
$0 $0 $19,414
Rob Nolan Treasurer 1.00
Officer Director
$0 $0 $0
Renae Arabo Director 1.00
Director
$0 $0 $0
Yazmin Arrellano Director 1.00
Director
$0 $0 $0
Elizabeth Beaver Director 1.00
Director
$0 $0 $0
Richard Dahlberg Director 1.00
Director
$0 $0 $0
John Eppstein Director 1.00
Director
$0 $0 $0
Stan Flandi Director 1.00
Director
$0 $0 $0
Roger Frey Director 1.00
Director
$0 $0 $0
Bessy Glaske Director 1.00
Director
$0 $0 $0
Bonnie LaChappa Director 1.00
Director
$0 $0 $0
Kyra Seay Director 1.00
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 $52,737,490 $58,085,062 $52,555,355 $-5,347,572
2024 $56,261,379 $40,518,009 $53,265,736 $15,743,370
2023 $44,643,552 $39,809,258 $37,027,976 $4,834,294
2022 $41,100,641 $34,011,673 $30,579,750 $7,088,968
2021 $41,260,868 $37,312,490 $23,969,606 $3,948,378
2020 $45,937,518 $34,617,351 $30,257,601 $11,320,167
2019 $24,587,027 $24,637,310 $17,906,606 $-50,283
2018 $17,103,568 $19,480,737 $6,716,568 $-2,377,169
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