Civic Intelligence

The Los Angeles Valley College

EIN 23-7349231 • 501(c)3 • Van Nuys, CA

Profile

Promote the educational skills of students through scholarships and grants.

5800 Fulton AveVan Nuys, CA 91401

www.lavcfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.29x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-44%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$107,692

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

58th percentile

6.9%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,218,577

Up $656,779 (+6.9%) from 2023

Liabilities

Up

$702,853

Up $219,995 (+46%) from 2023

Net Assets

Up

$9,515,724

Up $436,784 (+4.8%) from 2023

Revenue

Down

$543,588

Down $2,190,796 (-80%) from 2023

Expenses

Up

$780,809

Up $40,781 (+5.5%) from 2023

Net Income

Down

-$237,221

Down $2,231,577 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2015: $4,520,726Liabilities 2015: $0Net Assets 2015: $4,520,7262015Assets 2016: $5,318,953Liabilities 2016: $100,514Net Assets 2016: $5,218,4392016Assets 2017: $5,610,377Liabilities 2017: $835,573Net Assets 2017: $4,774,8042017Assets 2018: $6,276,474Liabilities 2018: $1,080,746Net Assets 2018: $5,195,7282018Assets 2019: $6,881,618Liabilities 2019: $783,715Net Assets 2019: $6,097,9032019Assets 2020: $7,015,581Liabilities 2020: $808,651Net Assets 2020: $6,206,9302020Assets 2021: $8,775,328Liabilities 2021: $959,215Net Assets 2021: $7,816,1132021Assets 2022: $7,262,871Liabilities 2022: $656,721Net Assets 2022: $6,606,1502022Assets 2023: $9,561,798Liabilities 2023: $482,858Net Assets 2023: $9,078,9402023Assets 2024: $10,218,577Liabilities 2024: $702,853Net Assets 2024: $9,515,7242024

Highlighted filing

2024

Assets$10,218,577
Liabilities$702,853
Net Assets$9,515,724

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $988,650Expenses 2015: $968,734Net Income 2015: $19,9162015Revenue 2016: $2,031,503Expenses 2016: $1,285,392Net Income 2016: $746,1112016Revenue 2017: $943,473Expenses 2017: $807,154Net Income 2017: $136,3192017Revenue 2018: $892,897Expenses 2018: $534,080Net Income 2018: $358,8172018Revenue 2019: $1,422,006Expenses 2019: $529,683Net Income 2019: $892,3232019Revenue 2020: $1,554,398Expenses 2020: $939,742Net Income 2020: $614,6562020Revenue 2021: $1,002,829Expenses 2021: $589,805Net Income 2021: $413,0242021Revenue 2022: $1,304,931Expenses 2022: $925,368Net Income 2022: $379,5632022Revenue 2023: $2,734,384Expenses 2023: $740,028Net Income 2023: $1,994,3562023Revenue 2024: $543,588Expenses 2024: $780,809Net Income 2024: -$237,2212024

Highlighted filing

2024

Revenue$543,588
Expenses$780,809
Net Income-$237,221

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$1,534,057
Mission and Program Overview

Mission

Promote the educational skills of students through scholarships.

Promote the educational skills of students through scholarships and grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,180,417$8,319,797▲ $1,139,380
Savings and Temporary Cash Investments$2,225,744$1,694,266▼ $531,478
Cash and Non-Interest-Bearing Accounts$125,641$192,176▲ $66,535
Investments Other Securities$28,596$12,338▼ $16,258
Pledges and Grants Receivable$1,400--
Total Assets$9,561,798$10,218,577▲ $656,779
Liabilities
Other Liabilities$439,906$640,528▲ $200,622
Accounts Payable and Accrued Expenses$42,952$62,325▲ $19,373
Total Liabilities$482,858$702,853▲ $219,995
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,471,493$9,094,795▲ $623,302
Net Assets Without Donor Restrictions$607,447$420,929▼ $186,518
Total Net Assets Fund Balance$9,078,940$9,515,724▲ $436,784
Total Liabilities and Net Assets / Fund Balance$9,561,798$10,218,577▲ $656,779

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,684,877$-20,064▲ $655,340$35,638$8,283,515
2022$5,164,598$2,125,590▲ $394,689-$7,684,877
2021$5,972,421$393,778▼ $1,201,601-$5,164,598
2020$4,960,392$195,695▲ $816,334-$5,972,421
2019$4,649,489$207,594▲ $105,640-$4,960,392
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronya WatersInterim Executive DirectorFT$80,954$26,738$107,692

Board Members and Trustees

NameTitle
Jason SchaffPresident
Anthony QuirogaVice President
Araz ParseghianDirector
Elaine BaylorDirector
Elizabeth PenuelaDirector
Keith ZavalaDirector
Kevin CrosbyDirector
Pat BallewDirector
Thomas SouleDirector
Andrea SchmittExecutive Director
Sharon J UdkoffSecretary
Sarah SongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$308,995
Program Service Revenue
$0
Investment Income
$234,593
Other Revenue
$0
All Other Contributions
$280,545
Change in Net Assets
$-237,221

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,046
Revenue Not Reported on Financial Statements
$49,542
Revenue Not Reported on Form 990
$851,404
Total Revenue per Audited Statements
$1,345,450
Total Revenue per Form 990
$543,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$372,441
Other Expenses$297,671
Salaries, Compensation, and Employee Benefits$110,697
Total Fundraising Expense$73,926
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$220,200--$220,200
Grants to Domestic Orgs$152,241--$152,241
Fees for Services Other$20,413$91,846$34,161$146,420
Current Officers, Directors, Trustees, and Key Employees$16,605$60,883$33,209$110,697
Fees for Services Accounting-$52,548-$52,548
Fees for Service Investment Mgmnt Fees-$49,542-$49,542
Office Expenses-$20,940$6,556$27,496
Insurance-$6,502-$6,502
Other Expenses$2,377$12,786-$2,377
Total Functional Expenses$411,836$295,047$73,926$780,809

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$908,666
Total Expenses per Form 990$780,809
Expenses per Audited Statements$731,267
Expenses Not Reported on Form 990$177,399
Expenses Not Reported on Financial Statements$49,542
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lavc Depts & ProjectsVan Nuys, CA501(c)(3)Education$152,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$640,528
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an oustide certified public accountant from information provided by the organization and it is reviewed and approved by the organization's treasurer and the executive director. It is then circulated to the entire board before it is filed.

Form 990, Part VI, Section B, Line 12C

The organization requires its board of directors to report any conflicts of interest to the executive director. The executive director would report such conflict to the president of the board of directors to determine if any action needed to occur.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financials statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Los Angeles Valley College
EIN
23-7349231
Phone
8189472619
Address
5800 FULTON AVE, VAN NUYS, CA 91401

Signing Officer

Name
Andrea G Schmitt
Title
Executive Director
Phone
8189472619
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea G Schmitt
Formed
1991
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
0

Preparer

Firm
Lopez Accounting Group
Address
3500 WEST OLIVE AVENUE SUITE 680, BURBANK, CA 91505
Preparer
Juan Pablo Lopez CPA
Phone
8188407075
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 10,408. Management and general expenses 55,160. Fundraising expenses 14,150. Total expenses 79,718. Staffing services: program service expenses 10,005. Management and general expenses 36,686. Fundraising expenses 20,011. Total expenses 66,702.

Financial Statement Notes

PART V, LINE 4:

The earnings of the foundation's endowment funds support scholarships and awards, campus programs and projects, professorships, and foundation operations.

PART X, LINE 2:

The foundation is exempt from federal income and excise taxes and california franchise taxes as an organization described under section 501(c)(3) of the internal revenue code and related state codes. However, the foundation is subject to income taxes on any net income that is derived from a trade business, regulary carried on and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business, in the opinion of mangement, is not material to the financial statements taken as a whole. The foundation evaluates tax positions and recognizes a liability for any positions that would not be considered "more likely than not" to be upheld under a tax authority examination. If such issues exist, the foundation's policy will be to recognize any tax liability so recorded, including applicable interest and penalties, as a component of income tax expense. During the year ended june 30, 2024, the foundation recognized no interest or penalties. The foundation's federal income tax and informational returns remain subject to examination for years 2021 and subsequent by the internal revenue service. The returns for california remain subject to examination by the california franchise tax board for tax years 2019 and subsequent.

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0674005
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/TotalAmt12377
IRS990/OtherLiabilitiesGrp/BOYAmt0439906
IRS990/OtherLiabilitiesGrp/EOYAmt0640528
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01400
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANDREA G SCHMITT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-237221
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02225744
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01694266
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0308995
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0858809
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0696324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0730995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05148257
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0158917
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0140902
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0143551
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0789252
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0256727
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0181133
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0276059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0186283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0189443
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01089645
IRS990ScheduleA/PublicSupportCY170Pct00.56300
IRS990ScheduleA/PublicSupportPY170Pct00.62650
IRS990ScheduleA/PublicSupportTotal170Amt03956020
IRS990ScheduleA/SubstantialContributorsTotAmt01981489
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0486394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02712051
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01027292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0837226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0874546
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05937509
IRS990ScheduleA/TotalSupportAmt07027154
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07684877
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0-20064
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08283515
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0655340
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt035638
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02125590
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07684877
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0394689
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05972421
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0393778
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05164598
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1201601
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04960392
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0195695
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05972421
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0816334
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02331
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04649489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0207594
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04960392
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0105640
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0177399
IRS990ScheduleD/DonatedServicesUseFcltsAmt0177399
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0177399
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt049542
IRS990ScheduleD/ExpensesSubtotalAmt0731267
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt049542
IRS990ScheduleD/InvestmentExpensesNotIncldAmt049542
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0674005
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0640528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0851404
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049542
IRS990ScheduleD/RevenueSubtotalAmt0494046
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EARNINGS OF THE FOUNDATION'S ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS AND AWARDS, CAMPUS PROGRAMS AND PROJECTS, PROFESSORSHIPS, AND FOUNDATION OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME AND EXCISE TAXES AND CALIFORNIA FRANCHISE TAXES AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED STATE CODES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE BUSINESS, REGULARY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE FOUNDATION EVALUATES TAX POSITIONS AND RECOGNIZES A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED "MORE LIKELY THAN NOT" TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. IF SUCH ISSUES EXIST, THE FOUNDATION'S POLICY WILL BE TO RECOGNIZE ANY TAX LIABILITY SO RECORDED, INCLUDING APPLICABLE INTEREST AND PENALTIES, AS A COMPONENT OF INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION RECOGNIZED NO INTEREST OR PENALTIES. THE FOUNDATION'S FEDERAL INCOME TAX AND INFORMATIONAL RETURNS REMAIN SUBJECT TO EXAMINATION FOR YEARS 2021 AND SUBSEQUENT BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS 2019 AND SUBSEQUENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0780809
IRS990ScheduleD/TotalLiabilityAmt0640528
IRS990ScheduleD/TotalRevenuePerForm990Amt0543588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01345450
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0908666
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0220200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SCHOLARSHIPS AND AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0384
IRS990ScheduleI/RecipientTable/CashGrantAmt0152241
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LAVC DEPTS & PROJECTS
IRS990ScheduleI/RecipientTable/RecipientEIN0952587353
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05800 FULTON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VAN NUYS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd091401
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION AWARDS SCHOLARSHIPS FOR GENERAL STUDENTS, TECHNICAL STUDENTS IN THE TRADES OR, SCHOLARSHIPS TO PARTICULAR DISCIPLIES AS MAY BE DESIGNATED BY A DONOR. THE SCHOLARSHIP COMMITTEE ASSURES THAT THE PROCESS FOR REVIEWING AND SELECTING RECIPIENTS IS BASED ACCORDING TO THE CRITERIA OF THE SCHOLARSHIP. THE FINAL REPORT ON THE SCHOLARSHIPS AWARDED BY THE FOUNDATION IS SENT TO THE FINANCIAL AID OFFICE WITH THE AMOUNTS OF THE SCHOLARSHIP AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUSTIDE CERTIFIED PUBLIC ACCOUNTANT FROM INFORMATION PROVIDED BY THE ORGANIZATION AND IT IS REVIEWED AND APPROVED BY THE ORGANIZATION'S TREASURER AND THE EXECUTIVE DIRECTOR. IT IS THEN CIRCULATED TO THE ENTIRE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ITS BOARD OF DIRECTORS TO REPORT ANY CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR WOULD REPORT SUCH CONFLICT TO THE PRESIDENT OF THE BOARD OF DIRECTORS TO DETERMINE IF ANY ACTION NEEDED TO OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 10,408. MANAGEMENT AND GENERAL EXPENSES 55,160. FUNDRAISING EXPENSES 14,150. TOTAL EXPENSES 79,718. STAFFING SERVICES: PROGRAM SERVICE EXPENSES 10,005. MANAGEMENT AND GENERAL EXPENSES 36,686. FUNDRAISING EXPENSES 20,011. TOTAL EXPENSES 66,702.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00

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