Civic Intelligence

Orange Coast College Foundation

990 • Fiscal year 2016 • EIN 33-0071349

Jul 01, 2015 to Jun 30, 2016 • Filed on May 02, 2017

2701 Fairview RoadCosta Mesa, CA 92626

(714) 438-4604

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$249,270

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

123%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$23,115,234

Up $3,631,735 (+19%) from 2015

Net Assets

Up

$23,016,019

Up $3,694,201 (+19%) from 2015

Liabilities

Down

$99,215

Down $62,466 (-39%) from 2015

Revenue

Up

$7,345,699

Up $4,058,172 (+123%) from 2015

Expenses

Down

$3,546,840

Down $141,209 (-3.8%) from 2015

Net Income

Up

$3,798,859

Up $4,199,381 (+1048%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $14,693,523Liabilities 2011: $67,760Net Assets 2011: $14,625,7632011Assets 2012: $15,441,381Liabilities 2012: $206,939Net Assets 2012: $15,234,4422012Assets 2013: $16,527,906Liabilities 2013: $112,623Net Assets 2013: $16,415,2832013Assets 2014: $20,434,499Liabilities 2014: $347,480Net Assets 2014: $20,087,0192014Assets 2015: $19,483,499Liabilities 2015: $161,681Net Assets 2015: $19,321,8182015Assets 2016: $23,115,234Liabilities 2016: $99,215Net Assets 2016: $23,016,0192016Assets 2017: $28,272,440Liabilities 2017: $398,822Net Assets 2017: $27,873,6182017Assets 2018: $32,581,260Liabilities 2018: $353,006Net Assets 2018: $32,228,2542018Assets 2019: $31,619,462Liabilities 2019: $395,241Net Assets 2019: $31,224,2212019Assets 2020: $32,489,037Liabilities 2020: $388,287Net Assets 2020: $32,100,7502020Assets 2021: $45,211,375Liabilities 2021: $458,138Net Assets 2021: $44,753,2372021Assets 2022: $45,842,715Liabilities 2022: $1,183,552Net Assets 2022: $44,659,1632022Assets 2023: $48,403,938Liabilities 2023: $963,094Net Assets 2023: $47,440,8442023Assets 2024: $49,776,316Liabilities 2024: $1,210,867Net Assets 2024: $48,565,4492024

Highlighted filing

2016

Assets$23,115,234
Liabilities$99,215
Net Assets$23,016,019

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,174,1312011Expenses 2012: $2,937,2132012Expenses 2013: $3,251,7472013Revenue 2014: $6,330,459Expenses 2014: $3,747,578Net Income 2014: $2,582,8812014Revenue 2015: $3,287,527Expenses 2015: $3,688,049Net Income 2015: -$400,5222015Revenue 2016: $7,345,699Expenses 2016: $3,546,840Net Income 2016: $3,798,8592016Revenue 2017: $8,155,377Expenses 2017: $4,388,971Net Income 2017: $3,766,4062017Revenue 2018: $11,150,428Expenses 2018: $6,906,067Net Income 2018: $4,244,3612018Revenue 2019: $3,852,970Expenses 2019: $4,901,316Net Income 2019: -$1,048,3462019Revenue 2020: $6,625,825Expenses 2020: $5,686,119Net Income 2020: $939,7062020Revenue 2021: $13,270,788Expenses 2021: $5,711,624Net Income 2021: $7,559,1642021Revenue 2022: $10,451,369Expenses 2022: $5,067,357Net Income 2022: $5,384,0122022Revenue 2023: $7,754,485Expenses 2023: $7,016,014Net Income 2023: $738,4712023Revenue 2024: $9,403,776Expenses 2024: $7,998,078Net Income 2024: $1,405,6982024

Highlighted filing

2016

Revenue$7,345,699
Expenses$3,546,840
Net Income$3,798,859
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 2, 2017
Return Version
2015v3.0
Gross Receipts
$11,821,445
Mission and Program Overview

Mission

Orange Coast College Foundation's mission is to develop sources of support for Orange Coast College to achieve its mission by encouraging gifts of time, treasure, and talent from alumni, community members, faculty, staff, corporations, foundations, and community organizations that will support scholarships, facilities, college programs, and activities.

Orange coast college foundation mission is to develop sources of support for orange coast college to achieve its mission by encouraging gifts of time, treasure and talent from alumni, community members, faculty, staff, corporations, foundations, and community organizations that will support scholarships, facilities, college programs and activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,773,370$14,764,087▼ $9,283
Land, Buildings, and Equipment, Net$4,008,427$6,659,128▲ $2,650,701
Cash and Non-Interest-Bearing Accounts$256,292$933,471▲ $677,179
Pledges and Grants Receivable$280,900$237,174▼ $43,726
Other Notes and Loans Receivable, Net-$64,481-
Accounts Receivable$60,672$1,739▼ $58,933
Total Assets$19,483,499$23,115,234▲ $3,631,735
Other Assets Total$103,838$455,154▲ $351,316
Liabilities
Other Liabilities$110,000--
Accounts Payable and Accrued Expenses$51,681$99,215▲ $47,534
Total Liabilities$161,681$99,215▼ $62,466
Net Assets / Fund Balance
Temporarily Rstr Net Assets$18,393,528$22,017,545▲ $3,624,017
Unrestricted Net Assets$928,290$998,474▲ $70,184
Total Net Assets Fund Balance$19,321,818$23,016,019▲ $3,694,201
Total Liabilities and Net Assets / Fund Balance$19,483,499$23,115,234▲ $3,631,735

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,210,255$2,360,152$8,570,407
Equipment$438,873$79,240$518,113
Land$10,000-$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Dennis HarkinsBd Mbr/occ P-$249,270$249,270
Rich PagelBd Mbr/occ V-$211,175$211,175
Douglas BennettExecutive DiFT$199,724$199,724
Kevin BallingerBd Mbr/occ V-$196,923$196,923
Blade GillissenBd Mbr/occ F-$179,825$179,825

Board Members and Trustees

NameTitle
Janet RonnenbergPast Chairma
Peggy FortVice Chair
A Patrick MunozBoard Member
Barbara BullardBoard Member
Bill WoodBoard Member
David J ClineBoard Member
Derek SaboriBoard Member
Douglas MeeceBoard Member
Gwyn P Parry MdBoard Member
Jeff HyderBoard Member
Jeff TellerBoard Member
Jerrel T RichardsBoard Member
Julie SimerBoard Member
Mary Lynn Bergman-rallisBoard Member
Richard PorrasBoard Member
Rush N Hill IiBoard Member
Douglas BennettExecutive Director
Devin SmithBd Mbr/asocc
Nancy TimmonsBd Mbr/occ F
Blade GillissenBd Mbr/occ Faculty
Dennis HarkinsBd Mbr/occ Pres
Rich PagelBd Mbr/occ VP Admin
Kevin BallingerBd Mbr/occ VP Instr
Shana JenkinsSecretary/oc
Marc Harper CPA JdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,159,962
Program Service Revenue
$56,858
Investment Income
$-1,410
Other Revenue
$130,289
All Other Contributions
$7,148,587
Change in Net Assets
$3,798,859

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Boats and Planes35$4,760,894
Other Non Cash Contri Table34$177,651
Cars and Other Vehicles2$26,000
Drugs and Medical Supplies1$8,000
Books and Publications-$3,467
Total Noncash Contributions72$4,976,012

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,105,981
Revenue Not Reported on Financial Statements
$-760,282
Revenue Not Reported on Form 990
$278,487
Other Revenue Adjustments
$-760,282
Total Revenue per Audited Statements
$8,384,468
Total Revenue per Form 990
$7,345,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,400,288
Grants and Similar Amounts Paid$710,410
Salaries, Compensation, and Employee Benefits$436,142
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$710,410--$710,410
Depreciation Depletion$446,078--$446,078
Other Salaries and Wages$376,388--$376,388
Office Expenses$139,050$27,406-$166,456
Fees for Services Other$151,768--$151,768
Occupancy$148,797--$148,797
Other Expenses$89,453$46,616-$89,453
Travel$59,611--$59,611
All Other Expenses$38,124$8,232-$46,356
Other Employee Benefits$26,601--$26,601
Payroll Taxes$18,523--$18,523
Pension Plan Contributions$14,630--$14,630
Insurance-$11,079-$11,079
Advertising$8,080--$8,080
Conferences and Meetings$1,415$3,757-$5,172
Total Functional Expenses$3,426,174$120,666$0$3,546,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,059,223
Expenses per Audited Statements$4,307,122
Total Expenses per Form 990$3,546,840
Expenses Not Reported on Form 990$752,101
Expenses Not Reported on Financial Statements$-760,282
Other Expense Adjustments$-760,282
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,772
Fundraising Direct Expenses$9,265
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party Til the C$39,147$27,772$1,652$26,120
Total Events$39,147$27,772$9,265$18,507
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charter Deposits-
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 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, Page 6, Part VI, Line 11B

A draft copy of the form 990 and its related schedules are submitted to the executive board for review before filing

Form 990, Page 6, Part VI, Line 12C

Orange coast college foundation (occd) requires all employees to disclose, at least annually, all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied or provided services (b) operated a competing enterprise or (c) provided goods or services to occd in the last six months occd also requires all directors to annually sign a statement affirming (a) receipt of occd conflict of interest policy (b) understanding of the policy and (c) agreement with the policy occd conflict of interest policy describes how occd will resolve possible conflicts of interest

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Orange Coast College Foundation
EIN
33-0071349
Phone
7144384604
Address
2701 FAIRVIEW ROAD, COSTA MESA, CA 92626

Signing Officer

Name
Douglas Bennett
Title
Executive Director
Phone
7144325834
Signed
2017-05-02

Organization Details

Principal Officer
Douglas Bennett
Formed
1984
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
20
Employees
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 E ROUTE 66, GLENDORA, CA 91740-4676
Preparer
Heather Mcgee Decauwer
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The organization provides scholarships to deserving students, and supports programs related to the arts, athletics, marine programs and visual arts. The organization also funded capital projects such as the children's center and sailing center

Form 990, Part XI, Line 9

Change in value split interest agreement -36,676 in-kind donations -134,262 total -170,938 a restatement of 368,956 to increase temporarily restricted net assets and to recognize a receivable for split interest agreement. This amount represents the foundation's share of the trust's fair value at july 1, 2015.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation qualifies as a tax exempt organization under the internal revenue code section 501(c)(3) and california revenue and taxation code 23701d. The foundation has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of any audit by taxing authorities at the federal and state levels. The primary tax positions evaluated relate to the foundation's continued qualification as a tax-exempt organization and whether there are unrelated business income activities that would be taxable. Management has determined that all income tax positions will more likely than not be sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The foundation files informational returns in the u.s. Federal jurisdiction, and the state of california. With few exceptions, the foundation is no longer subject to u.s. Federal and state examinations for generally three and four years, respectively.

Schedule D, Page 4, Part XI, Line 2D

Change in value - split interest agreement -36,676 management fees 58,433

Schedule D, Page 4, Part XI, Line 4B

Fundraising expense -9,265 depreciation on charter boats -751,017

Schedule D, Page 4, Part XII, Line 2D

In kind donations 134,262 management fees 58,433

Schedule D, Page 4, Part XII, Line 4B

Fundraising expenses -9,265 depreciation of charter boats -751,017

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$49.8$1.21$48.6$9.40$8.00$1.41
2023Detailed filing. Detailed filing data is available for this year.$48.4$0.96$47.4$7.75$7.02$0.74
2022Detailed filing. Detailed filing data is available for this year.$45.8$1.18$44.7$10.5$5.07$5.38
2021Detailed filing. Detailed filing data is available for this year.$45.2$0.46$44.8$13.3$5.71$7.56
2020Detailed filing. Detailed filing data is available for this year.$32.5$0.39$32.1$6.63$5.69$0.94
2019Detailed filing. Detailed filing data is available for this year.$31.6$0.40$31.2$3.85$4.90$1.05
2018Detailed filing. Detailed filing data is available for this year.$32.6$0.35$32.2$11.2$6.91$4.24
2017Detailed filing. Detailed filing data is available for this year.$28.3$0.40$27.9$8.16$4.39$3.77
2016Detailed filing. Detailed filing data is available for this year.$23.1$0.10$23.0$7.35$3.55$3.80
2015Detailed filing. Detailed filing data is available for this year.$19.5$0.16$19.3$3.29$3.69$0.40
2014Detailed filing. Detailed filing data is available for this year.$20.4$0.35$20.1$6.33$3.75$2.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.11$16.4$3.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$0.21$15.2$2.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.07$14.6$3.17