Civic Intelligence

Ventura College Foundation

990 • Fiscal year 2020 • EIN 77-0037747

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 01, 2021

4667 Telegraph RdVentura, CA 93003

(805) 289-6461

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.05x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.45x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

64th percentile

9.1%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$141,868

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

35th percentile

2.4%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$27,743,917

Up $644,725 (+2.4%) from 2019

Net Assets

Up

$26,443,310

Up $408,054 (+1.6%) from 2019

Liabilities

Up

$1,300,607

Up $236,671 (+22%) from 2019

Revenue

Down

$2,870,309

Down $2,567,769 (-47%) from 2019

Expenses

Up

$2,608,298

Up $155,407 (+6.3%) from 2019

Net Income

Down

$262,011

Down $2,723,176 (-91%) from 2019

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $7,445,038Liabilities 2011: $470,389Net Assets 2011: $6,974,6492011Assets 2012: $7,852,299Liabilities 2012: $377,448Net Assets 2012: $7,474,8512012Assets 2013: $8,514,583Liabilities 2013: $455,315Net Assets 2013: $8,059,2682013Assets 2014: $9,762,987Liabilities 2014: $672,377Net Assets 2014: $9,090,6102014Assets 2015: $9,751,380Liabilities 2015: $955,327Net Assets 2015: $8,796,0532015Assets 2016: $10,757,554Liabilities 2016: $1,061,999Net Assets 2016: $9,695,5552016Assets 2017: $11,430,644Liabilities 2017: $1,185,964Net Assets 2017: $10,244,6802017Assets 2018: $24,647,507Liabilities 2018: $1,166,075Net Assets 2018: $23,481,4322018Assets 2019: $27,099,192Liabilities 2019: $1,063,936Net Assets 2019: $26,035,2562019Assets 2020: $27,743,917Liabilities 2020: $1,300,607Net Assets 2020: $26,443,3102020Assets 2021: $32,532,129Liabilities 2021: $1,264,809Net Assets 2021: $31,267,3202021Assets 2022: $28,328,387Liabilities 2022: $1,137,866Net Assets 2022: $27,190,5212022Assets 2023: $29,649,379Liabilities 2023: $1,344,159Net Assets 2023: $28,305,2202023Assets 2024: $34,391,286Liabilities 2024: $1,361,391Net Assets 2024: $33,029,8952024Assets 2025: $36,987,790Liabilities 2025: $2,025,955Net Assets 2025: $34,961,8352025

Highlighted filing

2020

Assets$27,743,917
Liabilities$1,300,607
Net Assets$26,443,310

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,902,3012011Expenses 2012: $1,889,1542012Expenses 2013: $2,271,9892013Revenue 2014: $2,510,635Expenses 2014: $2,050,677Net Income 2014: $459,9582014Revenue 2015: $2,403,761Expenses 2015: $2,283,136Net Income 2015: $120,6252015Revenue 2016: $3,082,951Expenses 2016: $2,201,430Net Income 2016: $881,5212016Revenue 2017: $2,790,653Expenses 2017: $2,441,141Net Income 2017: $349,5122017Revenue 2018: $15,225,863Expenses 2018: $2,231,556Net Income 2018: $12,994,3072018Revenue 2019: $5,438,078Expenses 2019: $2,452,891Net Income 2019: $2,985,1872019Revenue 2020: $2,870,309Expenses 2020: $2,608,298Net Income 2020: $262,0112020Revenue 2021: $2,429,900Expenses 2021: $2,421,499Net Income 2021: $8,4012021Revenue 2022: $4,130,513Expenses 2022: $3,016,682Net Income 2022: $1,113,8312022Revenue 2023: $3,043,808Expenses 2023: $3,183,258Net Income 2023: -$139,4502023Revenue 2024: $6,119,868Expenses 2024: $3,670,612Net Income 2024: $2,449,2562024Revenue 2025: $4,857,619Expenses 2025: $4,283,951Net Income 2025: $573,6682025

Highlighted filing

2020

Revenue$2,870,309
Expenses$2,608,298
Net Income$262,011
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 1, 2021
Return Version
2019v5.0
Gross Receipts
$32,277,418
Mission and Program Overview

Mission

The Ventura College Foundation transforms students lives through education by providing innovative and vital resources and financial support. The Foundation collaborates with Ventura College to enhance human potential, civic engagement, careers and academic success of students, enabling their effective impact and legacy on the college, local workforce and our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,736,927$18,031,913▲ $2,294,986
Pledges and Grants Receivable$9,192,468$7,555,610▼ $1,636,858
Savings and Temporary Cash Investments$448,648$478,284▲ $29,636
Prepaid Expenses and Deferred Charges$19,055$44,419▲ $25,364
Land, Buildings, and Equipment, Net$16,285$10,944▼ $5,341
Cash and Non-Interest-Bearing Accounts$480$480→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$27,099,192$27,743,917▲ $644,725
Other Assets Total$1,685,329$1,622,267▼ $63,062
Liabilities
Grants Payable$691,692$777,226▲ $85,534
Other Liabilities$228,079$237,535▲ $9,456
Unsecured Notes Loans Payable-$144,000-
Accounts Payable and Accrued Expenses$144,165$141,846▼ $2,319
Total Liabilities$1,063,936$1,300,607▲ $236,671
Net Assets / Fund Balance
Net Assets With Donor Restrictions$25,725,992$25,618,363▼ $107,629
Net Assets Without Donor Restrictions$309,264$824,947▲ $515,683
Total Net Assets Fund Balance$26,035,256$26,443,310▲ $408,054
Total Liabilities and Net Assets / Fund Balance$27,099,192$27,743,917▲ $644,725

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$129,143$129,143
Leasehold Improvements$10,944$85,687$96,631
Other Assets Org$1,373,659--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$16,163,857$2,086,214▲ $540,712$3,620$18,362,551
2018$9,198,624$6,650,392▲ $851,060$145,492$16,163,857
2017$8,461,981$580,248▲ $607,981-$9,198,624
2016$8,394,691$89,090▲ $770,985$792,785$8,461,981
2015$8,452,728$79,365▲ $221,195$358,596$8,394,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne KingExecutive DirectorFT$118,215$23,653$141,868

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,594,376
Program Service Revenue
$21,341
Investment Income
$621,881
Other Revenue
$632,711
All Other Contributions
$1,594,376
Change in Net Assets
$262,011

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$36,278Fair Market Value (FMV)
Other Non Cash Contri Table4$32,960Fair Market Value (FMV)
Other Non Cash Contri Table1$15,951Fair Market Value (FMV)
Other Non Cash Contri Table1$7,750Fair Market Value (FMV)
Other Non Cash Contri Table4$7,363Fair Market Value (FMV)
Other Non Cash Contri Table2$5,099Fair Market Value (FMV)
Other Non Cash Contri Table1$3,750Fair Market Value (FMV)
Other Non Cash Contri Table1$1,703Fair Market Value (FMV)
Other Non Cash Contri Table2$1,600Fair Market Value (FMV)
Other Non Cash Contri Table3$626Fair Market Value (FMV)
Total Noncash Contributions20$113,080-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,791,757
Revenue Not Reported on Financial Statements
$78,552
Revenue Not Reported on Form 990
$670,448
Total Revenue per Audited Statements
$3,462,205
Total Revenue per Form 990
$2,870,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,585,473
Salaries, Compensation, and Employee Benefits$653,750
Other Expenses$369,075
Total Fundraising Expense$290,851
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$812,480--$812,480
Grants to Domestic Individuals$772,993--$772,993
Other Salaries and Wages$197,516$28,907$102,794$329,217
Other Employee Benefits$132,914$17,740$23,108$173,762
Current Officers, Directors, Trustees, and Key Employees$78,810$26,270$13,135$118,215
Fees for Service Investment Mgmnt Fees-$78,552-$78,552
Advertising$25,191-$40,863$66,054
All Other Expenses$1,999$13,179$23,763$38,941
Payroll Taxes$20,157$4,096$8,303$32,556
Fees for Services Accounting$12,437$8,574$6,637$27,648
Insurance$9,433$8,453$2,749$20,635
Fees for Services Other$2,951$8,244$8,405$19,600
Other Expenses$2,326$370$9,543$12,239
Depreciation Depletion-$4,884-$4,884
Fees for Services Legal$13$2,259$1,040$3,312
Total Functional Expenses$2,115,223$202,224$290,851$2,608,298

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,054,151
Total Expenses per Form 990$2,608,298
Expenses per Audited Statements$2,529,746
Expenses Not Reported on Form 990$524,405
Expenses Not Reported on Financial Statements$78,552
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ventura CollegeVentura, CA-Campus Programs and Grants$611,052
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unfunded Pension Liability$237,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is based upon the audited financial statements which are reviewed by the full board. The 990 is reviewed by the treasurer, the executive director, and the full board prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The written conflict of interest policy is distributed to all ventura college foundation board members for their review. Compliance and monitoring of the policy occurs during various standing committee meetings of the board and any issues would be documented in the committee meeting minutes.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The personnel sub-committee of the governing board of directors convenes annually to discuss and agree upon the executive director's compensation. The committee discusses best practices for compensation. The personnel committee forwards their recommendation to the executive committee for approval, then to the full board for final approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The personnel sub-committee periodically conducts research regarding the compensation of all employees.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Documents are available on the foundation's website and by scheduling an appointment during normal business hours of the foundation, which are monday-friday 9:00 a.m. Through 5:00 p.m.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents and audited financial statements are available for review.

Filing and Contact Details

Filer

Filer Name
Ventura College Foundation
EIN
77-0037747
Phone
8052896461
Address
4667 TELEGRAPH RD, VENTURA, CA 93003

Signing Officer

Name
Anne King
Title
Executive Director
Signed
2021-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne King
Formed
1983
Legal Domicile
CA
Voting Board Members
25
Independent Board Members
25
Employees
26
Volunteers
119

Preparer

Firm
Decker Farrell & Mccoy Llp
Address
400 W Ventura Blvd Ste 245, Camarillo, CA 93010
Preparer
Michael Farrell
Phone
8059101441
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

In kind rent expense = -$91000

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To provide scholarships and grants to students at ventura college and funding to ventura college campus programs.

Part X : FIN48 Footnote

The Foundation is a California nonprofit public benefit corporation, which is exempt from income taxes under Internal Revenue Code Section number 501(c)(3) and State of California Revenue and Taxation Code Section 23701(d); therefore, no provision for income taxes is required. The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(1).The Foundation evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimable. As of June 30, 2020, the Foundation had no uncertain tax positions requiring accrual. As of the year ended June 30, 2020, the Foundation's tax returns for the years ended June 30, 2019, 2018 and 2017 are subject to examination by the taxing authorities.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rental expenses not netted on financials $433405

Part XII, Line 2D: Other expenses and losses per audited F/S

Rental expenses not netted on financials $433405

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/MissionDesc0The Ventura College Foundation transforms students lives through education by providing innovative and vital resources and financial support. The Foundation collaborates with Ventura College to enhance human potential, civic engagement, careers and academic success of students, enabling their effective impact and legacy on the college, local workforce and our community.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.0$2.03$35.0$4.86$4.28$0.57
2024Detailed filing. Detailed filing data is available for this year.$34.4$1.36$33.0$6.12$3.67$2.45
2023Detailed filing. Detailed filing data is available for this year.$29.6$1.34$28.3$3.04$3.18$0.14
2022Detailed filing. Detailed filing data is available for this year.$28.3$1.14$27.2$4.13$3.02$1.11
2021Detailed filing. Detailed filing data is available for this year.$32.5$1.26$31.3$2.43$2.42$0.01
2020Detailed filing. Detailed filing data is available for this year.$27.7$1.30$26.4$2.87$2.61$0.26
2019Detailed filing. Detailed filing data is available for this year.$27.1$1.06$26.0$5.44$2.45$2.99
2018Detailed filing. Detailed filing data is available for this year.$24.6$1.17$23.5$15.2$2.23$13.0
2017Detailed filing. Detailed filing data is available for this year.$11.4$1.19$10.2$2.79$2.44$0.35
2016Detailed filing. Detailed filing data is available for this year.$10.8$1.06$9.70$3.08$2.20$0.88
2015Detailed filing. Detailed filing data is available for this year.$9.75$0.96$8.80$2.40$2.28$0.12
2014Detailed filing. Detailed filing data is available for this year.$9.76$0.67$9.09$2.51$2.05$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$0.46$8.06$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$0.38$7.47$1.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.45$0.47$6.97$1.90