PENINSULA COLLEGE FUND
EIN: 26-4293269
Mission
To assist low-income, underserved and often overlooked first-generation \r\ncollege students from the Mid-Peninsula in their quest to graduate, and \r\nto help them achieve their education and career goals.
Ruling year
2009
Executive Director
Christina Mireles
Main address
Sobrato Center for Nonprofits - Milpitas 526 Valley Way
Milpitas, CA 95035 USA
EIN
26-4293269
Education
Undergraduate education
Population served
Low-income people
Academics
Students
NTEE code
Scholarships, Student Financial Aid, Awards (B82)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
College Scholarships
We provide scholars with a scholarship of $3,000 for all four years of college
Mentoring
We provide each student with a one-to-one adult mentor throughout their college career.
Internship Support
We offer each scholar access to summer internships to broaden their perspective and provide valuable employment experience. We also offer a limited number of stipends to allow them to pursue meaningful unpaid internship opportunities.
College and Career Success Training
We provide on-going and in-depth workshops and other resources to give our scholars the tools to succeed in college and beyond.
Where we work
Affiliations & memberships
Non-Profit of the Year 2022
External reviews
Photos
Videos
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization collecting feedback from the people you serve?
Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person), Community meetings/Town halls,
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How is your organization using feedback from the people you serve?
To make fundamental changes to our programs and/or operations,
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With whom is the organization sharing feedback?
Our staff, Our board, Our community partners,
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Which of the following feedback practices does your organization routinely carry out?
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome,
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
0.72
Months of cash in 2020 info
7.9
Fringe rate in 2020 info
17%
Funding sources info
Assets & liabilities info
PENINSULA COLLEGE FUND
Revenue & expensesFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
PENINSULA COLLEGE FUND
Balance sheetFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
This snapshot of PENINSULA COLLEGE FUND’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $347,029 | $57,782 | $83,468 | -$164,399 | -$227,115 |
| As % of expenses | 56.5% | 6.6% | 7.9% | -13.3% | -13.0% |
| Unrestricted surplus (deficit) after depreciation | $347,029 | $56,615 | $81,135 | -$166,817 | -$230,560 |
| As % of expenses | 56.5% | 6.5% | 7.7% | -13.5% | -13.1% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $748,264 | $1,105,414 | $1,320,381 | $972,699 | $1,500,305 |
| Total revenue, % change over prior year | -3.1% | 47.7% | 19.4% | -26.3% | 54.2% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 100.0% | 99.9% | 99.9% | 99.9% |
| Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $614,468 | $874,273 | $1,053,513 | $1,235,698 | $1,752,520 |
| Total expenses, % change over prior year | -2.9% | 42.3% | 20.5% | 17.3% | 41.8% |
| Personnel | 39.7% | 35.9% | 44.3% | 45.9% | 41.6% |
| Professional fees | 13.5% | 6.2% | 5.4% | 3.9% | 2.9% |
| Occupancy | 3.4% | 3.8% | 1.3% | 3.5% | 3.3% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 31.4% | 44.2% | 40.0% | 38.1% | 45.0% |
| All other expenses | 11.9% | 9.9% | 9.0% | 8.5% | 7.3% |
| Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $614,468 | $875,440 | $1,055,846 | $1,238,116 | $1,755,965 |
| One month of savings | $51,206 | $72,856 | $87,793 | $102,975 | $146,043 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $7,000 | $0 | $5,385 | $4,323 |
| Total full costs (estimated) | $665,674 | $955,296 | $1,143,639 | $1,346,476 | $1,906,331 |
Capital structure indicators
| Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Months of cash | 9.8 | 9.4 | 8.6 | 8.3 | 7.9 |
| Months of cash and investments | 9.8 | 9.4 | 8.6 | 8.3 | 7.9 |
| Months of estimated liquid unrestricted net assets | 0.8 | 1.2 | 2.0 | 0.1 | -1.5 |
| Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Cash | $500,521 | $682,628 | $757,713 | $851,673 | $1,155,954 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $404,200 | $686,750 | $1,047,671 | $816,468 | $754,683 |
| Gross land, buildings, equipment (LBE) | $0 | $7,000 | $0 | $2,967 | $5,319 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 16.7% | 0.0% | 0.0% | 27.7% |
| Liabilities (as a % of assets) | 71.4% | 56.0% | 52.1% | 64.1% | 82.0% |
| Unrestricted net assets | $39,475 | $96,090 | $177,225 | $10,408 | -$220,152 |
| Temporarily restricted net assets | $226,520 | $512,000 | $695,400 | $596,800 | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | $0 | N/A |
| Total restricted net assets | $226,520 | $512,000 | $695,400 | $596,800 | $571,700 |
| Total net assets | $265,995 | $608,090 | $872,625 | $607,208 | $351,548 |
Key data checks
| Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Christina Mireles
Christina grew up in San Jose, CA and attended Harker Academy (grades 3-8; now known as The Harker School) and Presentation High School (9-12) on academic- and need-based scholarships. She then went on to Tufts University where she earned a BA in Political Science with thesis honors, followed by a Master in Public Policy from Georgetown University and a Juris Doctor from Northwestern University. Prior to joining PCF, Christina served as Deputy Director at Escuela Popular, a K-12 charter school in East San Jose that serves a predominantly Latino student population, many of whom are recent immigrants. \n\nFor nearly nine years, she spearheaded Escuela Popular\u2019s operations \u2013 strategy, HR, compliance, legal, finance, and board relations. Christina entered the charter school landscape through Ed Tec, a mission-driven for-profit company providing back-office services to charter schools throughout the United States. Christina began her career nearly 20 years ago as an attorney with Crowell \u0026 Mo
Number of employees
Source: IRS Form 990
PENINSULA COLLEGE FUND
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
PENINSULA COLLEGE FUND
Board of directorsas of 01/27/2023
Board of directors data
Charles Schmuck
Presentation High School
Eric Hartwig
Charles Schmuck
Asha Guha
Eric Hartwig
Dani Gaspirini
Karen Canty
Bob Couch
Lydia Kearney
Michael Pope
Charles Schaff
Erica M. Torres
Jo Volkert
Pat Clements
Jackee Bruno
Elisabeth Magaña
Scott Rash
Michelle Soto
Danny Winschuh
Anne Wong
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
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