The Campanile Foundation
Nonprofit profile at a glance
- EIN
- 330868418
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- San Diego, CA, USA
- Phone
- 6195948941
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $62,298,004
- Expenses
- $52,072,821
- Assets
- $640,091,111
- Liabilities
- $54,614,127
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- ADELA DE LA TORRE (SDSU PRESIDENT, DIRECTOR)
- ADRIENNE VARGAS (PRESIDENT & CEO)
Highest reported compensation
- ADELA DE LA TORRE (SDSU PRESIDENT, DIRECTOR): $720,277 total reported compensation
- ADRIENNE VARGAS (PRESIDENT & CEO): $438,917 total reported compensation
- DAVID H FUHRIMAN (CFO (THRU 10/2024)): $328,549 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide san diego state university with the community expertise, oversight, and advocacy to increase private giving and to manage the philanthropic assets of the university.
What it reported doing in 2024
Student scholarships administered by the university: the campanile foundation received funds in support of scholarships. Scholarship payments are administered by the university's office of financial aid and scholarship (ofas). The ofas administers the university scholarship programs in accordance with the policies of the California state university system, san diego state university, and applicable federal law and regulations, along with the restrictions contained in individual donor agreements.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 68% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 60
- Accountability: 86
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.4%; rating input score 79
- Program expense ratio: 93.7%; rating input score 94
- Fundraising efficiency: $15.62 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.4%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 12.29; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 79.4% of revenue deployed · 93.7% of spending went to programs
- Governance: 30 of 33 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $48.8M in reported program spending
- Leadership: top reported pay $720K · 42 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $3.2M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.