2024-05-15T21:40:06-04:00 2023-06-30 270630496 CHAVAN & ASSOCIATES LLP 15105 CONCORD CIRCLE SUITE 130 MORGAN HILL CA 95037 990 2022-07-01 264293269 THE PENINSULA COLLEGE FUND PENI 6507795000 526 VALLEY WAT MILPITAS CA 95035 CHRISTINA MIRELES EXECUTIVE DIRECTOR 6507795000 2024-05-15 true CHRISTINA MIRELES XXX-XX-XXXX false SHELDON CHAVAN P01001593 4082178749 2024-05-15 2022 2023-04-26 12:10:37Z CHRISTINA MIRELES 526 VALLEY WAY MILPITAS CA 95035 3385791 false X WWW.PENINSULACOLLEGEFUND.ORG X 2009 CA PCF ASSISTS LOW-INCOME, UNDER SERVED AND OFTEN OVER-LOOKED FIRST-GENERATION COLLEGE STUDENTS FROM THE MID-PENINSULA IN THEIR QUEST TO GRADUATE, AND ASSISTS THEM TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS. 17 17 17 518 0 7418918 3232002 0 622 1821 219216 61807 7638756 3295630 989116 740341 0 1102509 1273346 0 200415 1010471 295086 3102096 2308773 4536660 986857 7042401 8383371 1875303 151468 5167098 8231903 X PCF ASSISTS LOW-INCOME, UNDER SERVED AND OFTEN OVER-LOOKED FIRST-GENERATION COLLEGE STUDENTS FROM THE MID-PENINSULA IN THEIR QUEST TO GRADUATE, AND ASSISTS THEM TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS. false false 1756733 740341 SCHOLARSHIPS - PROVIDE COLLEGE SCHOLARSHIPS FOR TALENTED AND MOTIVATED LOW-INCOME, FIRST-GENERATION COLLEGE STUDENTS. THE AVERAGE SCHOLARSHIP IS 12,000 PER STUDENT (3,000 PER YEAR FOR 4 YEARS). SCHOLARSHIP FUNDS ARE USED TO PAY TUITION AND FEES, BOOKS, OR OTHER INCIDENTAL EXPENSES. MENTORING - PROVIDE TRAINED AND SKILLED ONE-TO-ONE ADULT MENTORS TO EACH SCHOLAR TO GIVE THE ADVICE, ROLE MODELING AND RELATIONSHIPS NECESSARY TO SUCCEED IN COLLEGE AND PREPARE FOR POST COLLEGE CAREERS. EACH MENTOR COMMITS TO MENTORING A SCHOLAR FROM FRESHMAN YEAR TO COLLEGE GRADUATION. AS THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE, PCG SCHOLARS GAIN PARTICULAR VALUE FROM THE GUIDANCE THAT SUCCESSFUL MENTORS CAN PROVIDE. COLLEGE AND CAREER SUCCESS TRAINING - PROVIDE TARGETED AND INTENSIVE COLLEGE AND CAREER CUSSES WORKSHOPS AND INDIVIDUALIZED ASSISTANCE TO OUR SCHOLARS TO ENABLE THEM TO MAXIMIZE THEIR GROWTH DURING COLLEGE AND GRADUATE FROM COLLEGE PREPARED TO LAUNCH THEIR CAREERS. 1756733 true true false false false false false false false true true false false false false false true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 0 0 true 17 true false false false false false false false false X 17 17 false false false false false false false true true false false false true true true true true false true false CA X THE ORGANIZATION 6507795000 526 VALLEY WAY MILPITAS CA 95035 X CHRISTINA MIRELES EXECUTIVE DI 40.00 X 0 0 0 ERIC HARTWIG PRESIDENT 3.00 X X 0 0 0 KAREN CANTY SECRETARY 3.00 X X 0 0 0 PAT CLEMENTS TREASURER 3.00 X X 0 0 0 ASHA GUHA DIRECTOR 1.00 X 0 0 0 CHARLES SCHMUCK FOUNDER 2.00 X 0 0 0 CHARLEY SCHAFF DIRECTOR 1.00 X 0 0 0 DANI GASPARINI DIRECTOR 2.00 X 0 0 0 JOP VOLKERT DIRECTOR 1.00 X 0 0 0 LYDIA KEARNEY DIRECTOR 2.00 X 0 0 0 ELISABETH MAGANA DIRECTOR 2.00 X 0 0 0 MIKE POPE DIRECTOR 1.00 X 0 0 0 ERICA TORRES DIRECTOR 1.00 X 0 0 0 BOB COUCH DIRECTOR 1.00 X 0 0 0 SCOTT RASH DIRECTOR 1.00 X 0 0 0 MICHAEL SOTO DIRECTOR 2.00 X 0 0 0 JACKEE BRUNO DIRECTOR 1.00 X 0 0 0 DANNY WINSCHUH DIRECTOR 1.00 X 0 0 0 false false false 722128 2509874 5661 3232002 1821 1821 141210 722128 90161 51049 OTHER REVENUE 10758 10758 10758 3295630 10758 1821 740341 740341 1185140 833236 105224 246680 88206 62015 7831 18360 78078 5246 68644 4188 36147 2429 31779 1939 38023 2424 33945 1654 36768 12017 20579 4172 24059 774 23285 12219 12219 5508 5508 DUES 63338 51037 5486 6815 SUPPLIES 62260 38692 19011 4557 OTHER EXPENSES 28847 8522 18114 2211 DIRECT FUNDRAISING EXPENS -90161 -90161 2308773 1756733 351625 200415 3833495 5390493 288518 2884575 2913024 20361 72839 15141 8126 4925 7015 10527 7042401 8383371 99008 151468 1764966 11329 1875303 151468 X 1553827 1995867 3613271 6236036 5167098 8231903 7042401 8383371 986857 79212 12264 1986472 X false true X true true true X 1030490 1552749 1551645 7418918 3232002 14785804 1030490 1552749 1551645 7418918 3232002 14785804 14785804 728 1133 305 622 1821 4609 14790413 1067452 0.99970 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1469998 35990 73852 10000 1569840 1469998 1469998 1.00000 false false 15141 8126 7015 7015 3387106 79212 12264 91476 3295630 3295630 2308773 2308773 2308773 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS (THE FUNDS) ARE TO BE INVESTED TO PRESERVE THE ASSETS LONG-TERM PURCHASING POWER WHILE PROVIDING A PREDICTABLE AND GROWING STREAM OF ANNUAL DISTRIBUTIONS IN SUPPORT OF THE FOUR PILLARS OF THE ORGANIZATION: SCHOLARSHIPS, MENTORING, TRAINING, AND INTERNSHIPS. DIVERSIFICATION BY ASSET CLASS AND STYLE AND REBALANCING WILL BE EMPLOYED TO MANAGE PORTFOLIO RISK. THE LONG-TERM ANNUAL SPENDING TARGET IS 3%, ANNUAL SPENDING RATE RECOMMENDATIONS MAY VARY AS PROJECTED AND ACTUAL MARKET CONDITIONS CHANGE. CONSISTENT WITH UPMIFA, SPENDING POLICY MUST NOT EXCEED 7% ANNUALLY, AND THE COMMITTEE ACKNOWLEDGES THAT SOME SPENDING LEVELS UNDER 7% MAY ERODE CORPUS. ONCE THE FUNDS HAVE BEEN INVESTED FOR 12 QUARTERS, THE COMMITTEE WILL APPLY THE SPENDING POLICY PERCENTAGE TO A 12-QUARTER TRAILING AVERAGE MARKET VALUE, BASED ON MARKET VALUES, TO DETERMINE DOLLAR SPENDING LEVELS. ANNUAL SPENDING RECOMMENDATIONS WILL BE REVIEWED WITH THE ADVISOR AND WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. SEE NOTE 4 FOR ADDITIONAL DISCLOSURES RELATED TO FAIR VALUE AND CHANGES IN THE ENDOWMENT NET ASSETS. FALL FUNDRAISER 705055 637545 67510 780 53574 GOLF TOURNAMENT 79450 5750 73700 1246 31879 1 78833 78833 2682 863338 722128 141210 2026 88135 90161 51049 false COLLEGE SCHOLARSHIPS 242 740341 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION REQUIRES SCHOLARSHIP RECIPIENTS TO MAKE A WRITTEN REQUEST FOR FUNDS EACH YEAR OUTLINING THEIR FINANCIAL NEED FOR THE FUNDS AND THE PROPOSED ISE OF THE AWARD. PCF STAFF AND THE SCHOLARS' MENTORS MONITOR THE SCHOLARSHIP PAYMENTS. FORM 990, PAGE 2, PART III, LINE 4A SCHOLARSHIPS - PROVIDE COLLEGE SCHOLARSHIPS FOR TALENTED AND MOTIVATED LOW-INCOME, FIRST-GENERATION COLLEGE STUDENTS. THE AVERAGE SCHOLARSHIP IS 12,000 PER STUDENT (3,000 PER YEAR FOR 4 YEARS). SCHOLARSHIP FUNDS ARE USED TO PAY TUITION AND FEES, BOOKS, OR OTHER INCIDENTAL EXPENSES. MENTORING - PROVIDE TRAINED AND SKILLED ONE-TO-ONE ADULT MENTORS TO EACH SCHOLAR TO GIVE THE ADVICE, ROLE MODELING AND RELATIONSHIPS NECESSARY TO SUCCEED IN COLLEGE AND PREPARE FOR POST COLLEGE CAREERS. EACH MENTOR COMMITS TO MENTORING A SCHOLAR FROM FRESHMAN YEAR TO COLLEGE GRADUATION. AS THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE, PCG SCHOLARS GAIN PARTICULAR VALUE FROM THE GUIDANCE THAT SUCCESSFUL MENTORS CAN PROVIDE. COLLEGE AND CAREER SUCCESS TRAINING - PROVIDE TARGETED AND INTENSIVE COLLEGE AND CAREER CUSSES WORKSHOPS AND INDIVIDUALIZED ASSISTANCE TO OUR SCHOLARS TO ENABLE THEM TO MAXIMIZE THEIR GROWTH DURING COLLEGE AND GRADUATE FROM COLLEGE PREPARED TO LAUNCH THEIR CAREERS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE RETURNS FOR REVIEW, GENERALLT BEFORE FILING IF TIME PERMITS. THE EXECUTIVE DIRECTOR REVIEWS THE RETURNS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTERESTS POLICY AT ITS ANNUAL BOARD RETREAT AND DISCLOSE ANY POTENTIAL CONFLICTS AT THAT TIME. ALL BOARD MEMBER SIGN A CONFLICT OF INTERESTS DISCLOSURE STATEMENT ANNUALLY. THE POLICY IS INCLUDED IN THE MATERIAL FOR THE EXECUTIVE DIRECTOR AND STAFF AND ALL EMPLOYEES MYST READ AND SIGN THE ANNUAL DISCLOSURE STATEMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD AND EXECUTIVE DIRECTOR BENCHMARK SALARIES AND COMPENSATION AGAINST NON-PROFIT SALARY SURVEYS FOR NORTHEN CALIFORNIA AND CONSULT WITH OTHER LOCAL NON-PROFIT ORGANIZATONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.