Nonprofit · EIN 94-2634550
HILLSBOROUGH SCHOOLS FOUNDATION
Tax-exempt · HILLSBOROUGH, CA 94010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,893,210 | $5,728,131 | $165,079 | $22,415,709 | $4,432,836 | $17,982,873 |
| June 30, 2024 | 990 | $7,584,123 | $4,708,091 | $2,876,032 | $20,620,075 | $3,755,227 | $16,864,848 |
| June 30, 2023 | 990 | $5,343,720 | $4,786,130 | $557,590 | $18,448,776 | $3,766,418 | $14,682,358 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,698,178
- Program service revenue
- $0
- Investment income
- $1,199,223
- Net gain from sales of assets
- $454,221
- Net income from fundraising events
- -$4,259
- Other revenue
- -$4,191
Expenses
- Grants and similar amounts paid
- $4,980,980
- Compensation of officers, directors and key employees
- $178,000
- Other salaries and wages
- $177,947
- Salaries, compensation and benefits (total)
- $428,658
- Professional fundraising fees
- $0
- Legal fees
- $3,500
- Accounting fees
- $42,000
- Program services (functional)
- $4,980,980
- Management and general (functional)
- $284,728
- Fundraising (functional)
- $462,423
Balance sheet and other
- Total assets, start of year
- $20,620,075
- Total assets, end of year
- $22,415,709
- Total liabilities, end of year
- $4,432,836
- Net assets, end of year
- $17,982,873
- Publicly traded securities
- $20,518,183
- Net assets without donor restrictions
- $17,942,973
- Net assets with donor restrictions
- $39,900
- Gross receipts
- $6,644,030
- Employees
- 3
- Volunteers
- 200
- Year formed
- 1979
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALICIA ISERO | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $178,625 |
| LISA DUFFELL | PRESIDENT Trustee or director, Officer | 20 | $0 |
| NISHA AHLUWALIA | PRESIDENT-ELECT Trustee or director, Officer | 2 | $0 |
| GREG LEONARD | TREASURER Trustee or director, Officer | 4 | $0 |
| MEGAN GERMACK | SECRETARY & GOVERNANCE Trustee or director, Officer | 2 | $0 |
| CINDY PANCHULA | PAST PRESIDENT Trustee or director | 2 | $0 |
| ERIN SCHAEFER | CHAIR, ANNUAL GIVING CAMPAIGN Trustee or director, Officer | 8 | $0 |
| TAL SIMON | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director, Officer | 2 | $0 |
| DEEPAK SARPANGAL | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director, Officer | 2 | $0 |
| NIDHI DASH | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 |
| JULIE KAVANAGH | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 |
| STEPHANIE CANTWELL | CHAIR, COMMUNITY CAMPAIGN, LEGACY Trustee or director | 2 | $0 |
| JACKIE HSU | CHAIR, CORPORATE OUTREACH Trustee or director | 2 | $0 |
| TING YANG | CO-CHAIR, EVENTS Trustee or director | 3 | $0 |
| NATALIE KAO | CO-CHAIR, EVENTS Trustee or director | 3 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERI KIL | CHAIR, NOMINATING Trustee or director | 2 | $0 |
| AMY REISENBERG | CO-CHAIR, PARENT CAMPAIGN Trustee or director | 3 | $0 |
| EMILY OU | CO-CHAIR, PARENT CAMPAIGN Trustee or director | 3 | $0 |
| SARA HESTON | CHAIR, PERSONNEL Trustee or director | 2 | $0 |
| ERIC DAVIDSON | CHAIR, SCHOLAR'S CIRCLE Trustee or director | 2 | $0 |
| KRISTEN GASIOR | CHAIR, STRATEGIC PLANNING Trustee or director | 2 | $0 |
| SHELBY VAN DOREN | ASSOCIATED PARENTS' GROUPS PRESIDENT Trustee or director | 2 | $0 |
| GILBERT WAI | SCHOOL BOARD LIAISON Trustee or director | 0 | $0 |
| ANA DE ARCE | SUPERINTENDENT Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALICIA ISERO | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $172,813 | $8,663 |
| CINDY PANCHULA | PRESIDENT Trustee or director, Officer | 20 | $0 | $0 |
| GREG LEONARD | TREASUERER Trustee or director, Officer | 4 | $0 | $0 |
| LICIA DAVIDSON | SECRETARY & GOVERNANCE Trustee or director, Officer | 2 | $0 | $0 |
| AMY JASMER | PAST PRESIDENT Trustee or director | 2 | $0 | $0 |
| ERIN SCHAEFER | CHAIR, ANNUAL GIVING CAMPAIGN Trustee or director, Officer | 8 | $0 | $0 |
| ROMAN MARGOLIN | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director, Officer | 2 | $0 | $0 |
| TAL SIMON | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director | 2 | $0 | $0 |
| KATIE SALMA | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 | $0 |
| CHERYL DAYA | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 | $0 |
| BESSIE SEYBOLD | CHAIR, COMMUNITY CAMPAIGN Trustee or director | 2 | $0 | $0 |
| JULIE KAVANAGH | CHAIR, CORPORATE OUTREACH Trustee or director | 2 | $0 | $0 |
| NISHA AHLUWALIA | CO-CHAIR, EVENTS Trustee or director | 3 | $0 | $0 |
| TING YANG | CO-CHAIR, EVENTS Trustee or director | 3 | $0 | $0 |
| MARCY DUTTON SEGRE | CHAIR, LEGACY GIVING Trustee or director | 1 | $0 | $0 |
| BONNIE FELDMAN | CHAIR, NOMINATING Trustee or director | 2 | $0 | $0 |
| MELISSA HAMILTON | CHAIR, PARENT CAMPAIGN Trustee or director | 3 | $0 | $0 |
| SARA HESTON | CHAIR, PERSONNEL Trustee or director | 2 | $0 | $0 |
| BRYAN KEANE | CHAIR, SCHOLARS' CIRCLE Trustee or director | 2 | $0 | $0 |
| STEVE JUNO | CHAIR, STRATEGIC PLANNING Trustee or director | 2 | $0 | $0 |
| LISA DUFFELL | PRESIDENT-ELECT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE HARRIS | ASSOCIATED PARENTS' GROUPS (APG) PRESIDENT Trustee or director | 2 | $0 | $0 |
| GILBERT WAI | SCHOOL BOARD LIAISON Trustee or director | 0 | $0 | $0 |
| LOUANN CARLOMAGNO | SUPERINTENDENT Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALICIA ISERO | EXECUTIVE DIRECTOR Trustee or director | 40 | $68,750 |
| AMY JASMER | PRESIDENT Trustee or director | 20 | $0 |
| CINDY PANCHULA | PRESIDENT-ELECT Trustee or director, Officer | 4 | $0 |
| ANGELOS DASSIOS | TREASURER Trustee or director, Officer | 2 | $0 |
| LICIA DAVIDSON | SECRETARY & GOVERNANCE Trustee or director, Officer | 2 | $0 |
| HEATHER WILLIS | CHAIR, ANNUAL GIVING CAMPAIGN Trustee or director, Officer | 8 | $0 |
| ROMAN MARGOLIN | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director, Officer | 2 | $0 |
| BRAD COOK | CO-CHAIR, AUDIT & ENDOWMENT Trustee or director | 2 | $0 |
| KATIE SALMA | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 |
| NISHA AHLUWALIA | CO-CHAIR, COMMUNICATIONS Trustee or director | 4 | $0 |
| BESSIE SEYBOLD | CHAIR, COMMUNITY CAMPAIGN Trustee or director | 2 | $0 |
| AMY REISENBERG | CHAIR, CORPORATE OUTREACH Trustee or director | 2 | $0 |
| LISA DUFFELL | CO-CHAIR, EVENTS Trustee or director | 3 | $0 |
| SARA HESTON | CO-CHAIR, EVENTS Trustee or director | 3 | $0 |
| MARCY DUTTON SEGRE | CHAIR, LEGACY GIVING Trustee or director | 1 | $0 |
| MARLO STROUD | CHAIR, NOMINATING Trustee or director | 2 | $0 |
| ERIN SCHAEFER | CO-CHAIR, PARENT CAMPAIGN Trustee or director | 3 | $0 |
| JESSICA ZUCKER | CO-CHAIR, PARENT CAMPAIGN Trustee or director | 3 | $0 |
| LESLIE HUIE | CHAIR, PERSONNEL Trustee or director | 2 | $0 |
| JOHN COUCH | CHAIR, SCHOLARS' CIRCLE Trustee or director | 2 | $0 |
| STEVE JUNO | CHAIR, STRATEGIC PLANNING Trustee or director | 2 | $0 |
| BREIGH MCCALL | PAST PRESIDENT Trustee or director | 2 | $0 |
| MARY ANN HASENSTAB | APG PRESIDENT Trustee or director, Officer | 2 | $0 |
| LEIGH ROSLANSKY | ADVISOR TO EXECUTIVE DIRECTOR Trustee or director | 2 | $0 |
| GILBERT WAI | SCHOOL BOARD LIAISON Trustee or director | 0 | $0 |
| LOUANN CARLOMAGNO | SUPERINTENDENT Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 EL CERRITO AVE, HILLSBOROUGH, CA 94010-6818
- In care of
- % ALICIA ISERO
- Principal officer (990 for 2024)
- ALICIA ISERO, 300 EL CERRITO AVE, HILLSBOROUGH, CA 94010
- Signed the 990
- ALICIA ISERO, EXECUTIVE DIRECTOR
- Phone
- (650) 344-6685
- Website
- WWW.HSF.ORG
- Return prepared by
- ROBERT LEE & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2634550 or by the name HILLSBOROUGH SCHOOLS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCTIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACEDEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHIEVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS.
Program accomplishments
- ANNUAL GIVING CAMPAIGN IS AN ANNUAL FUND DRIVE TO PARENTS AND COMMUNITY. THE FUNDS RAISED ARE USED TO MAKE GRANTS TO HILLSBOROUGH CITY SCHOOL DISTRICT AS SUPPLEMENTAL FUNDING TO THE SCHOOL DISTRICT BUDGET.Expenses $4,980,980 · grants $4,980,980
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2634550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B120)
- Assets (IRS master file)
- $22,415,709
- Income (IRS master file)
- $6,644,030
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,893,210 | $5,728,131 | $22,415,709 | XML |
| 990 | June 2024 | $7,584,123 | $4,708,091 | $20,620,075 | XML |
| 990 | June 2023 | $5,343,720 | $4,786,130 | $18,448,776 | XML |
| 990 | June 2022 | $5,673,314 | $4,438,286 | $16,936,233 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2634550).
Questions about HILLSBOROUGH SCHOOLS FOUNDATION
- What is the EIN of HILLSBOROUGH SCHOOLS FOUNDATION?
- The employer identification number (EIN) of HILLSBOROUGH SCHOOLS FOUNDATION is 94-2634550.
- Is HILLSBOROUGH SCHOOLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to HILLSBOROUGH SCHOOLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HILLSBOROUGH SCHOOLS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HILLSBOROUGH SCHOOLS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HILLSBOROUGH SCHOOLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HILLSBOROUGH SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 names ALICIA ISERO.
- Who are the officers and directors of HILLSBOROUGH SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 1 received compensation from the organization, the highest $178,625 (ALICIA ISERO, EXECUTIVE DIRECTOR).
- How much revenue does HILLSBOROUGH SCHOOLS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,893,210, expenses of $5,728,131 and total assets of $22,415,709 at year end.
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- CRYSTAL SPRINGS UPLANDS SCHOOL EIN 94-1247265 · last filed 990 for 2025
- BRIDGE SCHOOL EIN 95-4068784 · last filed 990 for 2025
- ASSOCIATED PARENTS GROUPS OF HILLSBOROUGH INC EIN 94-2403888 · last filed 990 for 2025
- ZHENG FAMILY FOUNDATION EIN 99-4455190 · last filed 990-PF for 2026
- INTERNATIONAL PUZZLE COLLECTORS ASSOCIATION EIN 27-1792603 · last filed 990 for 2024
- WEST HILLSBOROUGH PRESCHOOL PARENTS GROUP EIN 84-2485707 · last filed 990-N for 2024
- OMEGA BETA FOUNDATION EIN 46-4642839 · last filed 990-N for 2025