Nonprofit · EIN 95-6094128
PALOMAR COLLEGE FOUNDATION
Tax-exempt · SAN MARCOS, CA 92069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,260,354 | $2,267,286 | -$6,932 | $33,998,351 | $24,262 | $33,974,089 |
| December 31, 2024 | 990 | $1,856,961 | $1,926,607 | -$69,646 | $29,974,397 | $20,046 | $29,954,351 |
| December 31, 2023 | 990 | $1,681,886 | $1,047,021 | $634,865 | $27,199,789 | $23,056 | $27,176,733 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,327,578
- of which government grants
- $106,836
- Program service revenue
- $0
- Investment income
- $795,982
- Net income from fundraising events
- $136,794
- Other revenue
- $136,794
Expenses
- Grants and similar amounts paid
- $1,179,297
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $36,013
- Salaries, compensation and benefits (total)
- $36,013
- Professional fundraising fees
- $0
- Accounting fees
- $20,290
- Travel
- $6,711
- Program services (functional)
- $2,108,359
- Management and general (functional)
- $123,518
- Fundraising (functional)
- $35,409
Balance sheet and other
- Total assets, start of year
- $29,974,397
- Total assets, end of year
- $33,998,351
- Total liabilities, end of year
- $24,262
- Net assets, end of year
- $33,974,089
- Land, buildings and equipment
- $99
- Publicly traded securities
- $32,136,473
- Net assets without donor restrictions
- $4,325,371
- Net assets with donor restrictions
- $29,648,718
- Gross receipts
- $2,340,482
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1959
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stacy Rungaitis | Executive Director | 40 | $0 | $195,880 | $41,811 |
| Linda Moynan | Development Manager | 40 | $0 | $141,456 | $38,090 |
| Cathy Splett | Development Officer | 40 | $0 | $96,782 | $26,061 |
| Kayla Kelsey | Foundation Accountant | 40 | $0 | $89,974 | $24,227 |
| Richard Marks | Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Katie Johanski | Chair-Elect Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Li Tian Ph D | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Tiffany Rosik | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Will Rivera | Past-Chair Trustee or director | 1 | $0 | $0 | $0 |
| Chakri Bokka | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sheila Brown | Director Trustee or director | 1 | $0 | $0 | $0 |
| Luene Corwin Ph D | Director Trustee or director | 1 | $0 | $0 | $0 |
| Celia Garczewski | Director Trustee or director | 1 | $0 | $0 | $0 |
| Peggy Martin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sarah Richards | Director Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christine Spielmaker | Director Trustee or director | 1 | $0 |
| Dave Watt | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stacy Rungaitis | Executive Director | 40 | $0 | $192,930 | $91,714 |
| Will Rivera | Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Richard Marks | Chair-elect Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Susan Miller | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Li Tian PhD | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Malena Bennett | Director Officer | 1 | $0 | $0 | $0 |
| Sheila Brown | Director Officer | 1 | $0 | $0 | $0 |
| Luene Corwin PhD | Director Officer | 1 | $0 | $0 | $0 |
| Celia Garczewski | Director Officer | 1 | $0 | $0 | $0 |
| Katie Johanski | Director Officer | 1 | $0 | $0 | $0 |
| Tiffany Rosik | Director Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILL RIVERA | Chairman Trustee or director, Officer | 4 | $0 |
| DR LI TIAN | Secretary Trustee or director, Officer | 4 | $0 |
| SUSAN MILLER | Treasurer Trustee or director, Officer | 4 | $0 |
| RICHARD MARKS | Director Trustee or director | 2 | $0 |
| PETE ROGERS | Director Trustee or director | 2 | $0 |
| DR LUENE CORWIN | Director Trustee or director | 2 | $0 |
| CELIA GARCIA | Director Trustee or director | 2 | $0 |
| SHEILA BROWN | Director Trustee or director | 2 | $0 |
| KATIE JOHANSKI | Director Trustee or director | 2 | $0 |
| DAVE WATT | Director Trustee or director | 2 | $0 |
| AARON BYZAK | Director Trustee or director | 2 | $0 |
| MALENA BENNETT | Director Trustee or director | 2 | $0 |
| CHRISTINE SPIELMAKER | Director Trustee or director | 2 | $0 |
| STACY RUNGAITIS | Executive Dir. Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1140 W MISSION RD, SAN MARCOS, CA 92069-1415
- Principal officer (990 for 2025)
- Stacy Rungaitis
- Signed the 990
- Stacy Rungaitis, Executive Director
- Phone
- (760) 744-1150
- Website
- WWW.Palomar.edu/Foundation
- Return prepared by
- CWDL CPAs
California records
California keeps its own records of charities and corporations. Search them by EIN 95-6094128 or by the name PALOMAR COLLEGE 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 PALOMAR COLLEGE FOUNDATION, WITH THE SUPPORT OF THE COMMUNITY, SECURES SUPPLEMENTAL FUNDING, OTHER RESOURCES, AND PROVIDES PROGRAM SUPPORT FOR THE BENEFIT OF PALOMAR COMMUNITY COLLEGE AND ITS STUDENTS.
Program accomplishments
- GRANTS, ALLOCATIONS, AND SCHOLARSHIPS FOR THE BENEFIT OF THE STUDENTS AT PALOMAR COMMUNITY COLLEGEExpenses $2,108,359
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-6094128
- 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
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42I)
- Assets (IRS master file)
- $33,998,351
- Income (IRS master file)
- $2,340,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,260,354 | $2,267,286 | $33,998,351 | IRS |
| 990 | December 2024 | $1,856,961 | $1,926,607 | $29,974,397 | IRS |
| 990 | December 2023 | $1,681,886 | $1,047,021 | $27,199,789 | IRS |
| 990 | December 2022 | $12,040,496 | $1,170,577 | $24,083,180 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 95-6094128).
Questions about PALOMAR COLLEGE FOUNDATION
- What is the EIN of PALOMAR COLLEGE FOUNDATION?
- The employer identification number (EIN) of PALOMAR COLLEGE FOUNDATION is 95-6094128.
- Is PALOMAR COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to PALOMAR COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALOMAR COLLEGE 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 PALOMAR COLLEGE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALOMAR COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PALOMAR COLLEGE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Stacy Rungaitis.
- Who are the officers and directors of PALOMAR COLLEGE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does PALOMAR COLLEGE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,260,354, expenses of $2,267,286 and total assets of $33,998,351 at year end.
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