Overview
What is San Diego County Capital Asset Leasing Corporation?
San Diego County Capital Asset Leasing Corporation, known as SANCAL, is a non-profit benefit corporation situated in San Diego, California. Their primary mission is to facilitate the acquisition, installation, and construction of County-owned improvements and equipment through lease financing arrangements. By doing so, they support the County of San Diego in its public purpose projects. This corporation enables the County to access necessary resources without incurring significant upfront costs, allowing for more efficient and economical management of public assets.
Is San Diego County Capital Asset Leasing Corporation legitimate?
San Diego County Capital Asset Leasing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. San Diego County Capital Asset Leasing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of San Diego County Capital Asset Leasing Corporation?
The San Diego County Capital Asset Leasing Corporation (SANCAL) functions as a non-profit benefit corporation that facilitates the acquisition, installation, and construction of improvements to real property and equipment for public purposes. It achieves this by entering lease financing arrangements with the County of San Diego. SANCAL's primary role is to support the County in expanding its infrastructure and assets through innovative financing methods, ultimately enhancing the delivery of public services. By providing lease financing, SANCAL enables the County to invest in essential projects and infrastructure without the immediate need for substantial upfront capital.
Who is the CEO of San Diego County Capital Asset Leasing Corporation?
Shirley Nakawatase is the Treasurer of San Diego County Capital Asset Leasing Corporation.
What is the revenue of San Diego County Capital Asset Leasing Corporation?
San Diego County Capital Asset Leasing Corporation's revenue in 2022 was $77,197,680.
Who are the executives of San Diego County Capital Asset Leasing Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $400
- Other: $0
- Compensation: $0
- Related: $300
- Other: $0
- Compensation: $0
- Related: $400
- Other: $0
- Compensation: $0
- Related: $400
- Other: $0
- Compensation: $0
- Related: $300
- Other: $0
Where can I find the form 990 for San Diego County Capital Asset Leasing Corporation?
San Diego County Capital Asset Leasing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of San Diego County Capital Asset Leasing Corporation
San Diego County Capital Asset Leasing Corporation (SANCAL) is a non-profit benefit corporation that plays a crucial role in facilitating the acquisition, installation, and construction of public purpose improvements to real property and equipment for the County of San Diego. Through lease financing arrangements with the County, SANCAL provides essential financial support to help bring necessary projects to fruition.
In simple terms, SANCAL acts as a financing partner, enabling the County to access the capital needed to make significant improvements that benefit the public. The organization's mission is deeply rooted in the belief that these investments contribute to the betterment of the community. SANCAL's support extends to the acquisition, installation, and construction of various assets, with a primary focus on real property and equipment. By offering lease financing arrangements, SANCAL enables the County to make these investments without incurring large upfront costs, allowing resources to be allocated where they are needed most.
The financial structure of SANCAL's operations is designed to generate revenue primarily through base rental payments. These payments fund the principal and interest payments required to bondholders, ensuring the sustainability of the financing arrangements that SANCAL facilitates. By focusing on base rental payments, SANCAL contributes significantly to the County's ability to invest in public purpose projects, ultimately improving the lives of residents and enhancing the community as a whole.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
San Diego County Capital Asset Leasing Corporation plays a crucial role in facilitating public improvements within the region. By enabling the County of San Diego to acquire, install, and construct crucial infrastructure and valuable real property, it directly supports the community's development and well-being.
The organization is instrumental in financing projects through lease arrangements, ensuring that essential public services and facilities are accessible and improved over time. This financing model allows for the efficient use of resources, directing funds toward necessary improvements without overburdening the county's budget.
With a debt service comprising principal payments of $10,285,000 and interest payments totaling $5,187,190, the corporation is actively engaged in managing financial resources to ensure the county meets its public service commitments. The revenue generated from base rental payments is critical, as it directly funds principal and interest expenses, thereby sustaining the corporation's mission of supporting community improvement initiatives.
Overall, San Diego County Capital Asset Leasing Corporation significantly influences the region's ability to enhance infrastructure, fostering development and bolstering the quality of life for its residents.
This information is meant to be a general summary of San Diego County Capital Asset Leasing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,212,467
- Program Service Revenue: $14,499,544
- Gross Receipts: $77,197,680
Assets and Liabilities:
- Total Assets: $185,751,662
- Total Liabilities: $130,491,680
- Net Assets: $55,259,982
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Lease Revenue
Revenue
$14,499,544
Organization Details
Founding Year
1984
Phone
(619) 531-6403Principal Officer
Shirley Nakawatase
Main Address
1600 PACIFIC HWY STE 352, SAN DIEGO, CA, 921012422
NTEE Category
Code: S41 - Community improvement
If you are a representative of San Diego County Capital Asset Leasing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.