HARTNELL COLLEGE FOUNDATION

EIN: 942781664 501(c)(3) Education

SALINAS, CA

Total Revenue
$7,264,781
Total Expenses
$7,562,980
Total Assets
$53,448,670
Net Assets
$51,903,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
Emmett Linder
Phone
8317556810
Tax Period
2023-07-01 to 2024-06-30

HARTNELL COLLEGE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2023. Net assets of $51.9M represent 86 months of operating reserves.

Mission

THE MISSION OF HARTNELL COLLEGE FOUNDATION IS TO CULTIVATE RESOURCES TO CHAMPION STUDENT SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $6,137,732

When it was established in 1979, the Hartnell College Foundation's primary focus was on raising funds for student scholarships. Today, the Foundation has expanded its support for the college and its...

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When it was established in 1979, the Hartnell College Foundation's primary focus was on raising funds for student scholarships. Today, the Foundation has expanded its support for the college and its students with resources for scholarships, facilities, workforce development, and innovative programs. Between 2006 and 2012, the Foundation completed the colleges first comprehensive capital campaign in its 85-year history, raising $12 million. The Board and committees were expanded to involve over 250 community leaders. At the end of 2012, the Foundation launched a President's Task Force. This group was comprised of 43 members representing the community and campus leadership. They oversaw a campus-wide needs assessment that identified key initiatives appropriate for private support. These initiatives were the basis of a five-year, $15 million funding plan. From 2012-2019, the Foundation far exceeded its fundraising goal of $15 million by raising $45 million, three times the original target. The Foundation recently organized another community led President's Task Force, which resulted in a funding plan for 2020-2025. The plan includes initiatives for innovative and accelerated programs, student success scholarships and internships, STEM programs and scholarships, including the Computer Science in 3 Years program and K-12 partnerships, the Salinas Valley Promise (guidance, leadership development, life skills training and scholarships for local first time college students), agriculture business and technology, nursing and health sciences, athletics, arts programs, and the expansion of higher education through regional educational centers, online education, and digital equity. The new fundraising goal is $34.1 million.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,866,171
Program Service Revenue $1,945,894
Investment Income $1,051,707
Other Revenue $401,009
TOTAL REVENUE $7,264,781

Expense Breakdown

Grants Paid $1,126,275
Salaries & Benefits $813,570
Fundraising Expenses $602,162
Program Expenses $6,137,732
Other Expenses $5,623,135
TOTAL EXPENSES $7,562,980

Year-over-Year Comparison

2023 2022 Change
Revenue $7,264,781 $7,518,887 0.0%
Expenses $7,562,980 $7,988,137 -0.1%
Net Income $-298,199 $-469,250 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
23
Employees
196
Volunteers
314

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
17
$522,769
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jaqueline Cruz VP ADV Dev & ED 20.00
Officer
$0 $126,465 $366,730
Michael Gutierrez superintendent 2.00
Officer
$0 $28,750 $156,039
Kerry Varney President 2.00
Officer Director
$0 $0 $0
Cathy Alameda Board Member 1.00
Director
$0 $0 $0
Mike Avila Board Member 1.00
Director
$0 $0 $0
Andrea Bailey Vice President 2.00
Officer Director
$0 $0 $0
Susan Black Treasurer 2.00
Officer Director
$0 $0 $0
Scott Brubaker Vice President 2.00
Officer Director
$0 $0 $0
Betsy Buchalter-Adler Vice President 2.00
Officer Director
$0 $0 $0
Brandi Borzini Board member 1.00
Director
$0 $0 $0
Mike Cling Vice President 2.00
Officer Director
$0 $0 $0
Sharon Dilbeck Vice President 2.00
Officer Director
$0 $0 $0
Elsa Jimenez Vice President 2.00
Officer Director
$0 $0 $0
Lina Gomez Board member 1.00
Director
$0 $0 $0
Dr Willard Lewallen Vice President 2.00
Officer Director
$0 $0 $0
Emmett Linder Vice President 2.00
Officer Director
$0 $0 $0
Lisa Paulo Board member 1.00
Director
$0 $0 $0
Chris Lopez Vice President 2.00
Officer Director
$0 $0 $0
Nick Pasculli Board Member 1.00
Director
$0 $0 $0
Colby Pereira Vice President 2.00
Officer Director
$0 $0 $0
Dr Jayne Smith Vice President 2.00
Officer Director
$0 $0 $0
Gerald Stratton Vice President 2.00
Officer Director
$0 $0 $0
David Warner Vice President 2.00
Officer Director
$0 $0 $0
Jennifer Williams Board Member 1.00
Director
$0 $0 $0
Patrick Zelaya Board Member 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 No data No data No data No data
2024 $7,264,781 $7,562,980 $53,448,670 $-298,199
2023 $7,518,887 $7,988,137 $52,657,248 $-469,250
2022 $12,933,522 $8,574,565 $52,598,427 $4,358,957
2021 $13,024,147 $4,592,333 $52,076,041 $8,431,814
2020 $5,200,762 $4,625,222 $41,369,215 $575,540
2019 $8,059,771 $5,455,690 $40,605,050 $2,604,081
2018 $25,192,526 $4,768,013 $37,786,456 $20,424,513
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