Nonprofit · EIN 94-3010425
CSAC FINANCE CORPORATION
Tax-exempt · SACRAMENTO, CA 95814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,227,739 | $9,363,414 | -$135,675 | $22,897,338 | $498,357 | $22,398,981 |
| June 30, 2024 | 990 | $9,529,610 | $9,145,714 | $383,896 | $23,058,366 | $535,710 | $22,522,656 |
| June 30, 2023 | 990 | $8,866,567 | $8,610,932 | $255,635 | $22,730,521 | $600,761 | $22,129,760 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,361,834
- Investment income
- $805,142
- Royalties
- $25,000
- Other revenue
- $60,763
Expenses
- Grants and similar amounts paid
- $5,725,000
- Compensation of officers, directors and key employees
- $1,268,764
- Other salaries and wages
- $834,787
- Salaries, compensation and benefits (total)
- $2,459,649
- Professional fundraising fees
- $0
- Legal fees
- $98,926
- Accounting fees
- $29,720
- Travel
- $241,202
- Program services (functional)
- $8,939,301
- Management and general (functional)
- $424,113
Balance sheet and other
- Total assets, start of year
- $23,058,366
- Total assets, end of year
- $22,897,338
- Total liabilities, end of year
- $498,357
- Net assets, end of year
- $22,398,981
- Publicly traded securities
- $17,489,140
- Net assets without donor restrictions
- $22,398,981
- Gross receipts
- $9,227,739
- Employees
- 8
- Volunteers
- 11
- Year formed
- 1986
- 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 | Other / benefits |
|---|---|---|---|---|
| Alan Fernandes | CEO Officer | 40 | $361,045 | $174,914 |
| Robert Pierce | COO Officer | 40 | $282,844 | $156,272 |
| James Manker | Dir of Business Dev | 40 | $196,914 | $96,775 |
| Christy Higgins | Dir of Operations | 40 | $148,595 | $59,205 |
| Stacie Frerichs | Dir of Bus Program | 40 | $127,644 | $51,830 |
| Oscar Villegas | President Trustee or director | 0.5 | $0 | $0 |
| Graham Knaus | Vice President Trustee or director | 0.5 | $0 | $0 |
| Ryan Alsop | Treasurer Trustee or director | 0.5 | $0 | $0 |
| Kathryn Barger | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Vernon Billy | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Edward Hill | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Matt Jennings | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Miguel Marquez | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Susan Muranishi | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| William Billy Rutland | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ed Valenzuela | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alan Fernandes | CEO Officer | 40 | $423,326 | $147,007 |
| Robert Pierce | COO Officer | 40 | $271,802 | $150,061 |
| James Manker | Director of Business Development | 40 | $272,768 | $81,016 |
| CHRISTY HIGGINS | DIRECTOR OF OPERAT | 40 | $137,468 | $83,280 |
| Leonard Moty | Director Trustee or director | 0.5 | $0 | $0 |
| Matt Jennings | Director Trustee or director | 0.5 | $0 | $0 |
| Elba Gonzalez | Director Trustee or director | 0.5 | $0 | $0 |
| Oscar Villegas | President Trustee or director, Officer | 0.5 | $0 | $0 |
| Kathryn Barger | Director Trustee or director | 0.5 | $0 | $0 |
| Jack Pellegrino | Director Trustee or director | 0.5 | $0 | $0 |
| Graham Knaus | Vice President Trustee or director, Officer | 0.5 | $0 | $0 |
| William Rutland | Director Trustee or director | 0.5 | $0 | $0 |
| Susan Muranishi | Director Trustee or director | 0.5 | $0 | $0 |
| Richard Forster | Director Trustee or director | 0.5 | $0 | $0 |
| Ryan Alsop | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alan Fernandes | CEO Officer | 40 | $364,187 | $20,405 |
| James Manker | Director of Business Development | 40 | $253,374 | $28,116 |
| CHRISTY HIGGINS | Operations Manager | 40 | $122,294 | $58,098 |
| Robert Pierce | COO Officer | 40 | $45,106 | $0 |
| Leonard Moty | President Trustee or director, Officer | 0.5 | $0 | $0 |
| Matt Jennings | Director Trustee or director | 0.5 | $0 | $0 |
| Elba Gonzalez | Director Trustee or director | 0.5 | $0 | $0 |
| Oscar Villegas | Director Trustee or director | 0.5 | $0 | $0 |
| Kathryn Barger | Director Trustee or director | 0.5 | $0 | $0 |
| Mary Zeeb | Director Trustee or director | 0.5 | $0 | $0 |
| Graham Knaus | Vice President Trustee or director, Officer | 0.5 | $0 | $0 |
| William Rutland | Director Trustee or director | 0.5 | $0 | $0 |
| Susan Muranishi | Director Trustee or director | 0.5 | $0 | $0 |
| Richard Forster | Director Trustee or director | 0.5 | $0 | $0 |
| Ryan Alsop | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 K ST STE 101, SACRAMENTO, CA 95814-3932
- Principal officer (990 for 2024)
- Robert Pierce, 1100 K Street 101, Sacramento, CA 95814
- Signed the 990
- Robert Pierce, CEO
- Phone
- (916) 650-8120
- Website
- WWW.CSACFINANCECORP.ORG
- Return prepared by
- MUN CPAs LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3010425 or by the name CSAC FINANCE CORPORATION.
- 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
TO PROVIDE A BROAD ARRAY OF FINANCE, INVESTMENT, INSURANCE AND PUBLIC SERVICES TO BENEFIT CALIFORNIA COUNTIES AND RELATED PUBLIC AGENCIES.
Program accomplishments
- Grants to CSAC Totaled 5,725,000.Expenses $5,725,000 · grants $5,725,000
- The Nationwide Retirement Solutions program is the largest deferred compensation program in the country for county employees. In California, over 65,000 county employees save for their retirement using this flexible, cost-effective employee benefit program. This program is the only one with a national oversight committee consisting of elected and appointed county officials who are plan participants. Additionally, an advisory committee comprised of California county officials provides additional feedback and oversight for this supplemental retirement program. Currently, 34 counties in California have chosen Nationwide to help their employees save for retirement.The Investment Trust of California (CalTRUST) is a JPA established by public agencies in California for the purpose of pooling and investing local agency funds operating reserves as well as bond proceeds. CalTRUST offers the option of five accounts to provide participating agencies with a convenient method of pooling funds a liquidity fund, a government fund, a short-term, and a medium-term, and a new ESG-compliant money market fund. Each account seeks to attain as high a level of current income as is consistent with the preservation of principal. This program is a great option to diversify investments!Public Square Real Estate, Inc. (PSRE) is a corporation formed by CSAC Finance Corporation (CSAC FC) aimed at providing holistic and comprehensive professional real estate services to Californias counties. The unique nature of this corporation and its partnerships ensures counties have access to the highest level of real estate services with a special focus on counties and their needs. This partnership provides unmatched resources and expertise in real estate services dedicated to the business of improving public services for counties and their constituents. PSRE was formed with these guiding principles and a clear focus to ensure that counties have a service option that puts them first by an organization that understands counties and the public interest.Formed by the CSAC Finance Corporation, Easy Smart Pay is a platform built to modernize and simplify the process of paying government. ESP is a complementary bill pay service focused on providing automatic monthly payments to taxpayers for their property tax at the lowest industry rates. In addition to the partnership with the CSAC Finance Corporation, Easy Smart Pay partners with the NACo Financial Services Corporation and the California School Board Association. This program is currently being used in 28 of the 58 California counties and is now available for all counties to onboard.The California Cannabis Authority is a Joint Powers Authority established by county governments to develop and manage a statewide data platform. The platform will assist local governments that are regulating commercial cannabis activity by consolidating data from different channels into one resource to help local governments ensure maximum regulatory and tax compliance. In addition, the platform can help to facilitate financial services to the cannabis industry by linking willing financial institutions with interested businesses, and by providing critical data to ensure that all transactions and deposits are from legal transactions. As counties look at establishing or revising their cannabis licensing and taxing structure, CCA should be among the resources used to ensure a successful and robust regulatory program.CSAC Finance Corporation and Enterprise Mobility have partnered to provide counties and other municipalities remarkably discounted rates for cars, trucks, vans and cargo vehicle rentals. Through this program, Enterprise Mobility also provides automatic damage waivers and liability coverage at no additional cost and all with a zero-volume guarantee, making it more efficient and cost-effective to rent one or multiple vehicles on short and/or long-term bases. Enterprise Mobility is a leading provider of mobility solutions including car rental, fleet management, flexible vehicle hire, carsharing, vanpooling, car sales, truck rental, vehicle subscription, luxury rental, technology solutions and more, to help make travel easier and more convenient.The Personal Lines Insurance Program (PLIP) provided by PRISM offers employees of PRISM members access to practical group savings on everyday insurance coverages. Available to all eligible PRISM members and their employees, council, commissioners, and retirees, there is a solution and savings for many participants. The coverages provided include Automobile, Pet Insurance, Homeowners, Renters, Excess Liability/Umbrella to all the employees (including retirees), Condominium, Scheduled Personal Property, Recreational Vehicles, Watercraft, RV, Rental Properties, and more. Each public entity participating in a PRISM benefit program receives service support from a dedicated program management team.Procure America provides its clients with analytics and strategies that result in greater performance at lower costs. By leveraging decades of industry experience, Procure America generates an average savings of 34%, all while increasing operational efficiency, vendor accountability, and service levels. Procure Americas experts have deep, industry-specific experience and will analyze all aspects of the supplier relationship contractual, operational, and invoice compliance. Knowledge, information and focus deliver results.CSAC FC has partnered with the California School Board Association (CSBA) to bring the GAMUT platform to California counties and other public agencies that allows for virtual meeting minutes record-keeping that conforms with the Brown Act. Agencies are able to use this simple yet robust software for meetings and policies as well as provide immediate public access and translation in more than 100 languages. The platform incorporates the needs of a virtual meeting environment with online voting and remote board access. Agencies can purchase the entire suite or select the module that best suits their governance team's needs.Expenses $2,809,897
- The California Statewide Communities Development Authority (CSCDA) was created in 1988, under Californias Joint Exercise of Powers Act, to provide Californias local governments with an effective tool for the timely financing of community-based public benefit projects. Currently, more than 530 cities, counties and special districts have become Program Participants to CSCDA which serves as their conduit issuer and provides access to an efficient mechanism to finance locally-approved projects. To date, CSCDA has issued more than $70 billion in tax exempt bonds helping local governments build community infrastructure, provide affordable housing, create jobs, make access available to quality healthcare and education, and more.Expenses $404,404
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
- 94-3010425
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,897,338
- Income (IRS master file)
- $9,227,739
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,227,739 | $9,363,414 | $22,897,338 | XML |
| 990 | June 2024 | $9,529,610 | $9,145,714 | $23,058,366 | IRS |
| 990 | June 2023 | $8,866,567 | $8,610,932 | $22,730,521 | XML |
| 990 | June 2022 | $12,934,423 | $7,374,063 | $22,360,310 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 94-3010425).
Questions about CSAC FINANCE CORPORATION
- What is the EIN of CSAC FINANCE CORPORATION?
- The employer identification number (EIN) of CSAC FINANCE CORPORATION is 94-3010425.
- Is CSAC FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1986.
- Are donations to CSAC FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CSAC FINANCE CORPORATION 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 CSAC FINANCE CORPORATION 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 CSAC FINANCE CORPORATION 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 CSAC FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names Robert Pierce.
- Who are the officers and directors of CSAC FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 5 received compensation from the organization, the highest $361,045 (Alan Fernandes, CEO).
- How much revenue does CSAC FINANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,227,739, expenses of $9,363,414 and total assets of $22,897,338 at year end.
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