San Diego County Capital Asset Leasing Corporation
501(c)(4)
100% goes to programs Strong reserves Growing revenue
San Diego County Capital Asset Leasing Corporation is a 501(c)(4) organization based in San Diego, California, registered in 1984, with $198,140,920 in FY2023 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
1600 Pacific Hwy Ste 164, San Diego, CA, 92101 EIN 33-0071263 Since 1984
Revenue (FY2023)
$198.1M
▲ 1099.4% vs prior year
Expenses (FY2023)
$65.1M
Net assets
$138.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For San Diego County Capital Asset Leasing Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +67% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For San Diego County Capital Asset Leasing Corporation: 26 mo reserves · +67% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For San Diego County Capital Asset Leasing Corporation: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For San Diego County Capital Asset Leasing Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
San diego county capital asset leasing corporation sancal is a non-profit benefit corporation supporting the acquisition installation & construction of improvements real property & equipment by the county of san diego county for public purposes via lease financing arrangements with the county.
What they do
Bond issuance costs: to cover the expenses related to issuing certificates of participation for the 2021 youth transition campus. bond issuance cost: $0.00.
Part iii line 4d: construction capital expenditures of $45,371,420 and additional expenses
Contact & location
- Address
- 1600 Pacific Hwy Ste 164, San Diego, CA, 92101
- City
- San Diego
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.1M (FY2019) to $198.1M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $279.0MNet assets $138.5M
Operating margin
67.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$417.5M
Total liabilities
$279.0M
Net assets
$138.5M
Salaries & benefits
$0
0% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $198,140,920▲1099% | $65,067,805▼1.9% | $138,499,040▲2453% | $417,490,445▲204% | 990 |
| 2022 | $16,519,902▼78.6% | $66,353,960▲150% | $5,425,924▼90.2% | $137,175,266▼26.2% | 990 |
| 2021 | $77,197,680▲85.0% | $26,552,608▼42.3% | $55,259,982▲1096% | $185,751,662▲78.2% | 990 |
| 2020 | $41,735,289▲1.5% | $46,042,016▲0.5% | $4,620,616▼49.3% | $104,250,616▼29.8% | 990 |
| 2019 | $41,105,054 | $45,814,422 | $9,105,426 | $148,465,426 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeff C Kane | Vice-chair | 0 | — |
| John Todd | Secretary | 0 | — |
| Michel Anderson | Chair | 0 | — |
| Shirley Nakawatase | Treasurer | 0 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| None | — | — |
Frequently asked questions
- Is San Diego County Capital Asset Leasing Corporation a legitimate nonprofit?
- Yes. San Diego County Capital Asset Leasing Corporation is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 33-0071263, based in San Diego, California.
- What is San Diego County Capital Asset Leasing Corporation's EIN?
- San Diego County Capital Asset Leasing Corporation's Employer Identification Number (EIN) is 33-0071263.
- How much revenue does San Diego County Capital Asset Leasing Corporation report?
- San Diego County Capital Asset Leasing Corporation reported $198,140,920 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of San Diego County Capital Asset Leasing Corporation's spending goes to programs?
- San Diego County Capital Asset Leasing Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does San Diego County Capital Asset Leasing Corporation have?
- CharityIndex grades San Diego County Capital Asset Leasing Corporation B, based on program efficiency and fundraising cost.
- How much does San Diego County Capital Asset Leasing Corporation's highest-paid employee make?
- The highest reported compensation on San Diego County Capital Asset Leasing Corporation's latest Form 990 is $0, paid to Jeff C Kane (Vice-chair).
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Data for San Diego County Capital Asset Leasing Corporation (EIN 33-0071263) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.