THE SANTA MONICA COLLEGE FOUNDATION

EIN: 956047779 501(c)(3) Education

SANTA MONICA, CA

Total Revenue
$7,723,486
Total Expenses
$4,058,910
Total Assets
$44,900,880
Net Assets
$44,789,416
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
CA
Principal Officer
ELIZABETH A MOORE
Phone
3104344215
Tax Period
2024-07-01 to 2025-06-30

THE SANTA MONICA COLLEGE FOUNDATION, founded in 1956, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 47% operating margin.

Mission

THE SANTA MONICA COLLEGE FOUNDATION LEADS THE PRIVATE FUNDRAISING EFFORTS OF SANTA MONICA COLLEGE IN SUPPORT OF THE COLLEGE'S MISSION TO PROVIDE OPEN AND AFFORDABLE ACCESS TO HIGH QUALITY EDUCATION. THE FOUNDATION RECEIVES, DISPERSES AND INVESTS PRIVATE DONATIONS IN SUPPORT OF COLLEGE SERVICES AND ACTIVITIES AND RAISES ANNUAL GIFTS TO INITIATE PROGRAMS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND FACULTY.

Program Service Accomplishments

Program 1
Expenses: $2,043,805 Revenue: $0

STUDENT PROGRAMMING AND ASSISTANCE: SANTA MONICA COLLEGE'S STUDENT SERVICES PROGRAMS PROVIDE ONGOING EDUCATIONAL AND COUNSELING SUPPORT TO ITS STUDENTS. FROM THE VETERANS' RESOURCE CENTER, BLACK...

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STUDENT PROGRAMMING AND ASSISTANCE: SANTA MONICA COLLEGE'S STUDENT SERVICES PROGRAMS PROVIDE ONGOING EDUCATIONAL AND COUNSELING SUPPORT TO ITS STUDENTS. FROM THE VETERANS' RESOURCE CENTER, BLACK COLLEGIANS PROGRAM, AND LATINO CENTER TO THE CENTER FOR STUDENTS WITH DISABILITIES, GUARDIAN SCHOLARS, AND ATHLETICS TEAMS, THE FOUNDATION FUNDRAISES AND SUPPORTS THE COLLECTIVE EFFORTS TO ADVANCE THE PROGRAMS. ADDITIONALLY, THE FOUNDATION RAISES FUNDING TO ADVANCE ANNUAL PROGRAMS TO INCREASE ENROLLMENT (SMC FOUNDATION MEAL PROJECT), AND ACKNOWLEDGE OUTSTANDING ACHIEVEMENTS (PUBLIC POLICY SYMPOSIUMS). FURTHER, EMERGENCY RELIEF FOR STUDENTS AND STAFF EXPERIENCING UNFORESEEN HARDSHIP DURING THE LA FIRES WAS PROVIDED BY THE FOUNDATION'S ABILITY TO SECURE FUNDS.

Program 2
Expenses: $672,055 Revenue: $0

SCHOLARSHIPS: IN AN EFFORT TO ELIMINATE FINANCIAL BARRIERS AND TO ENSURE ACADEMIC SUCCESS FOR SMC STUDENTS, THE FOUNDATION PROVIDED $672,055 IN SCHOLARSHIPS. THE AWARDS WERE DESIGNATED FOR QUALIFIED...

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SCHOLARSHIPS: IN AN EFFORT TO ELIMINATE FINANCIAL BARRIERS AND TO ENSURE ACADEMIC SUCCESS FOR SMC STUDENTS, THE FOUNDATION PROVIDED $672,055 IN SCHOLARSHIPS. THE AWARDS WERE DESIGNATED FOR QUALIFIED STUDENTS WHO WERE INCOMING FRESHMAN, CONTINUING, AND TRANSFER STUDENTS, AIDING AND SUPPORTING THEM IN ACHIEVING THEIR HIGHER EDUCATION GOALS.

Program 3
Expenses: $377,011 Revenue: $0

SANTA MONICA COLLEGE'S EMERITUS PROGRAM SERVES A POPULATION OF OLDER ADULTS WITH A RICH ARRAY OF COURSES, FREE OF CHARGE. WITH OVER 80 DIFFERENT CLASSES, THE EMERITUS PROGRAM ENGAGES NEARLY 3,000...

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SANTA MONICA COLLEGE'S EMERITUS PROGRAM SERVES A POPULATION OF OLDER ADULTS WITH A RICH ARRAY OF COURSES, FREE OF CHARGE. WITH OVER 80 DIFFERENT CLASSES, THE EMERITUS PROGRAM ENGAGES NEARLY 3,000 STUDENTS FROM SANTA MONICA AND ACROSS THE LOS ANGELES BASIN, WHO ATTEND IN PERSON AND ONLINE, CONTINUING THEIR GOAL AS LIFELONG LEARNERS. THE FOUNDATION SERVES AS THE FUNDRAISING PARTNER TO THIS PROGRAM, SUPPORTING THEIR EFFORTS TO RAISE MONEY IN ORDER TO OFFSET THE COST OF THE PROGRAM NOT COVERED BY STATE FUNDING. AS SUCH, NECESSARY EXPENSES ARE DIRECTLY TIED TO THE SUPPORT AND STAFFING PROVIDED TO THE PROGRAM BY THE FOUNDATION.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,140,903
Program Service Revenue $0
Investment Income $3,582,583
Other Revenue $0
TOTAL REVENUE $7,723,486

Expense Breakdown

Grants Paid $3,092,871
Salaries & Benefits $504,847
Fundraising Expenses $271,072
Program Expenses $3,315,309
Other Expenses $461,192
TOTAL EXPENSES $4,058,910

Year-over-Year Comparison

2024 2023 Change
Revenue $7,723,486 $5,009,556 +0.5%
Expenses $4,058,910 $3,159,579 +0.3%
Net Income $3,664,576 $1,849,977 +1.0%
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
14
Independent Members
11
Employees
7
Volunteers
1812

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
6
$363,313
Total Directors
15
$1,286,282
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH A MOORE CEO/PRESIDENT 40.00
Officer Director
$92,680 $66,892 $363,313
MARGARET SOHAGI CHAIR 1.00
Officer Director
$0 $0 $0
SPRING ASPERS VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK IVENER TREASURER(TO 02/25)/DIR.(FROM 02/25) 1.00
Officer Director
$0 $0 $0
DEANNA HANSEN SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES CASTRO DIR.(TO 02/25)/TREASURER(FR 02/25) 1.00
Officer Director
$0 $0 $0
DONALD GIRARD DIRECTOR 1.00
Director
$0 $111,249 $424,490
DR TIFFANY GRUNWALD DIRECTOR 1.00
Director
$0 $0 $0
DR KATHRYN E JEFFERY DIRECTOR 1.00
Director
$0 $111,798 $498,479
JEFF LIPP DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
DR AVA SHAMBAN DIRECTOR 1.00
Director
$0 $0 $0
MARK VERGE DIRECTOR 1.00
Director
$0 $0 $0
DOUG SCHERRER DIRECTOR 1.00
Director
$0 $0 $0
GREG MORENO DIRECTOR (TO 02/25) 1.00
Director
$0 $0 $0
TRACY BEIDLEMAN DIRECTOR OF GRANTS 40.00
Highest
$0 $65,576 $202,735
ISOM CHANAIWA ACCOUNTING MANAGER 40.00
Highest
$0 $54,539 $177,469
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 $7,723,486 $4,058,910 $44,900,880 $3,664,576
2024 No data No data No data No data
2023 $4,860,408 $2,942,303 $35,629,223 $1,918,105
2022 $5,618,843 $3,381,988 $31,911,000 $2,236,855
2021 $10,126,072 $3,134,262 $35,976,689 $6,991,810
2020 $4,175,313 $2,523,884 $27,940,456 $1,651,429
2019 $2,808,147 $2,357,479 $26,434,005 $450,668
2018 $3,762,374 $2,166,726 $24,950,671 $1,595,648
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