Nonprofit · EIN 94-3375035
SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION
Tax-exempt · SACRAMENTO, CA 95814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,841,136 | $12,965,398 | -$124,262 | $157,133,020 | $150,554,138 | $6,578,882 |
| June 30, 2024 | 990 | $13,059,634 | $14,112,017 | -$1,052,383 | $164,060,742 | $157,357,598 | $6,703,144 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,727,203
- Investment income
- $1,933
- Other revenue
- $112,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $12,965,398
Balance sheet and other
- Total assets, start of year
- $164,060,742
- Total assets, end of year
- $157,133,020
- Total liabilities, end of year
- $150,554,138
- Net assets, end of year
- $6,578,882
- Net assets without donor restrictions
- $6,578,882
- Gross receipts
- $12,841,136
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2001
- 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 |
|---|---|---|---|
| PAT HUME | DIRECTOR Trustee or director | 1 | $0 |
| RICH DESMOND | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK KENNEDY | DIRECTOR Trustee or director | 1 | $0 |
| PHIL SERNA | CHAIR Trustee or director | 1 | $0 |
| ROSARIO RODRIGUEZ | VICE CHAIR Trustee or director | 1 | $0 |
| BETTY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| HANG NGUYEN | INTERIM SECRETARY Officer | 1 | $0 |
| AMANDA THOMAS | CHIEF FISCAL OFFICER Officer | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAT HUME | DIRECTOR Trustee or director | 1 | $0 |
| RICH DESMOND | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN J FROST | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK KENNEDY | CHAIR Trustee or director | 1 | $0 |
| PHIL SERNA | VICE CHAIR Trustee or director | 1 | $0 |
| BETTY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| FLORENCE EVANS | SECRETARY Officer | 1 | $0 |
| AMANDA THOMAS | CHIEF FISCAL OFFICER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 700 H STREET 1703, SACRAMENTO, CA 95814-1216
- In care of
- % GEOFFREY B DAVEY
- Principal officer (990 for 2024)
- PHIL SERNA, 700 H STREET 1703, SACRAMENTO, CA 95814
- Signed the 990
- AMANDA THOMAS, CFO
- Phone
- (916) 874-6744
- Return prepared by
- MACIAS GINI & O'CONNELL LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3375035 or by the name SACRAMENTO COUNTY TOBACCO SECURITIZATION 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 PURCHASE FROM THE COUNTY ITS RIGHT TO RECEIVE TOBACCO SETTLEMENT REVENUES (TSRS), BORROW MONIES NECESSARY TO PAY THE PURCHASE PRICE FOR SUCH TSRS, SECURE SUCH BORROWINGS WITH THE TSRS, RECEIVE TSRS AND RESIDUAL PAYMENTS REGARDING TSRS OF THE COUNTY, INVEST MONIES, AND INCUR EXPENSES.
Program accomplishments
- RECEIVE FROM THE STATE OF CALIFORNIA THE TOBACCO SETTLEMENT REVENUES DUE TO THE COUNTY OF SACRAMENTO. MAKE THE SEMI ANNUAL PAYMENT ON THE LOAN WITH THE TOBACCO SECURITIZATION AUTHORITY OF NORTHERN CALIFORNIA (AUTHORITY). THE AUTHORITY ISSUED BONDS TO FUND THE CORPORATIONS PURCHASE OF THE COUNTY'S TOBACCO SETTLEMENT RIGHTS. THE AUTHORITY TAKES THE FUNDS RECEIVED FROM THE CORPORATION AND PAYS THE BONDHOLDERS.Expenses $12,965,398 · revenue $12,839,203
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
- 94-3375035
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W22)
- Assets (IRS master file)
- $157,133,020
- Income (IRS master file)
- $12,841,136
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,841,136 | $12,965,398 | $157,133,020 | XML |
| 990 | June 2024 | $13,059,634 | $14,112,017 | $164,060,742 | XML |
| 990 | June 2023 | $14,769,558 | $15,569,343 | $172,295,304 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 94-3375035).
Questions about SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION
- What is the EIN of SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION?
- The employer identification number (EIN) of SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION is 94-3375035.
- Is SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SACRAMENTO COUNTY TOBACCO SECURITIZATION 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 SACRAMENTO COUNTY TOBACCO SECURITIZATION 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 SACRAMENTO COUNTY TOBACCO SECURITIZATION 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 SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION?
- The 990 for the year ended June 30, 2025 names PHIL SERNA.
- Who are the officers and directors of SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,841,136, expenses of $12,965,398 and total assets of $157,133,020 at year end.
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All nonprofits in SACRAMENTO · California · Public and societal benefit