Civic Intelligence

Onefuture Coachella Valley

990 • Fiscal year 2021 • EIN 81-3653698

Jul 01, 2020 to Jun 30, 2021 • Filed on May 03, 2022

Organization Profilewww.onefuturecv.org
41550 Eclectic Street No 200EPalm Desert, CA 92260

(760) 625-0422

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.25x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$107,967

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

30%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$1,525,490

Down $262,437 (-15%) from 2020

Net Assets

Down

$1,143,317

Down $326,541 (-22%) from 2020

Liabilities

Up

$382,173

Up $64,104 (+20%) from 2020

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin10th percentile

Revenue

Up

$1,507,393

Up $345,284 (+30%) from 2020

Expenses

Down

$1,833,934

Down $181,666 (-9.0%) from 2020

Net Income

Up

-$326,541

Up $526,950 (+62%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $3,763,503Liabilities 2017: $47,964Net Assets 2017: $3,715,5392017Assets 2018: $1,277,575Liabilities 2018: $82,410Net Assets 2018: $1,195,1652018Assets 2019: $2,404,399Liabilities 2019: $81,050Net Assets 2019: $2,323,3492019Assets 2020: $1,787,927Liabilities 2020: $318,069Net Assets 2020: $1,469,8582020Assets 2021: $1,525,490Liabilities 2021: $382,173Net Assets 2021: $1,143,3172021Assets 2022: $1,168,355Liabilities 2022: $132,477Net Assets 2022: $1,035,8782022Assets 2023: $2,289,685Liabilities 2023: $179,072Net Assets 2023: $2,110,6132023Assets 2024: $2,294,593Liabilities 2024: $391,167Net Assets 2024: $1,903,4262024

Highlighted filing

2021

Assets$1,525,490
Liabilities$382,173
Net Assets$1,143,317
Open 2021 Filing

Operations Trend

Revenue Growth66th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $156,685Expenses 2017: $951,369Net Income 2017: -$794,6842017Revenue 2018: $1,160,184Expenses 2018: $2,616,118Net Income 2018: -$1,455,9342018Revenue 2019: $2,469,566Expenses 2019: $2,393,572Net Income 2019: $75,9942019Revenue 2020: $1,162,109Expenses 2020: $2,015,600Net Income 2020: -$853,4912020Revenue 2021: $1,507,393Expenses 2021: $1,833,934Net Income 2021: -$326,5412021Revenue 2022: $1,907,893Expenses 2022: $2,015,332Net Income 2022: -$107,4392022Revenue 2023: $3,266,058Expenses 2023: $2,191,323Net Income 2023: $1,074,7352023Revenue 2024: $3,075,898Expenses 2024: $3,283,085Net Income 2024: -$207,1872024

Highlighted filing

2021

Revenue$1,507,393
Expenses$1,833,934
Net Income-$326,541
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 3, 2022
Return Version
2020v4.2
Gross Receipts
$1,517,305
Mission and Program Overview

Mission

OneFuture works to assure all students succeed in college, career, and life - expanding and enhancing the local workforce so that our youth and economy thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$720,602$694,200▼ $26,402
Savings and Temporary Cash Investments$521,146$553,688▲ $32,542
Cash and Non-Interest-Bearing Accounts$490,530$238,305▼ $252,225
Land, Buildings, and Equipment, Net$46,230$21,480▼ $24,750
Prepaid Expenses and Deferred Charges$9,419$17,817▲ $8,398
Total Assets$1,787,927$1,525,490▼ $262,437
Liabilities
Unsecured Notes Loans Payable$154,360$199,255▲ $44,895
Accounts Payable and Accrued Expenses$131,709$146,918▲ $15,209
Deferred Revenue$32,000$36,000▲ $4,000
Total Liabilities$318,069$382,173▲ $64,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,266,731$725,072▼ $541,659
Net Assets Without Donor Restrictions$203,127$418,245▲ $215,118
Total Net Assets Fund Balance$1,469,858$1,143,317▼ $326,541
Total Liabilities and Net Assets / Fund Balance$1,787,927$1,525,490▼ $262,437

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,480$139,046$160,526
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sheila ThorntonPresident & CEOFT$103,255$4,712$107,967
Jacqui TriccoBusiness & Finance ManagerFT$72,175$3,305$75,480

Board Members and Trustees

NameTitle
Dr Sandra LyonChairman
Bahareh KamoeiBoard Member
Julia LopezBoard Member
Keith JepsonBoard Member
Pete Del RioBoard Member
Scott BaileyBoard Member
Dr Judith WhiteBoard Member (term start 2/21)
Carlos CamposSecretary
Todd HooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,303,436
Program Service Revenue
$202,168
Investment Income
$366
Other Revenue
$1,423
All Other Contributions
$892,860
Change in Net Assets
$-326,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,507,393
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,507,393
Total Revenue per Form 990
$1,507,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$978,804
Grants and Similar Amounts Paid$446,480
Other Expenses$408,650
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$432,848$152,083-$584,931
Grants to Domestic Individuals$446,480--$446,480
Current Officers, Directors, Trustees, and Key Employees$169,171$59,438-$228,609
Fees for Services Other$131,638$26,082-$157,720
Other Employee Benefits$61,094$21,465-$82,559
Payroll Taxes$49,748$17,479-$67,227
Fees for Services Accounting$49,583$12,632-$62,215
Conferences and Meetings$40,770$4,593-$45,363
Depreciation Depletion$24,078$6,046-$30,124
Information Technology$17,090$1,899-$18,989
Pension Plan Contributions$11,454$4,024-$15,478
Advertising$12,860$1,652-$14,512
Occupancy$4,796$1,204-$6,000
Office Expenses$4,920$547-$5,467
Insurance$3,386$868-$4,254
Other Expenses$2,030$2,094-$4,124
Total Functional Expenses$1,513,414$320,520$0$1,833,934

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,833,934
Total Expenses per Audited Statements$1,833,934
Total Expenses per Form 990$1,833,934
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,912
Fundraising Gross Income$9,912
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Future is Ours$44,628$9,912$9,912$0
Total Events$44,628$9,912$9,912$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Other officer compensation reviewed
Yes
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

“The CEO and Board of Directors review the Form 990 prior to filing.”

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

“The conflict of interest policy is reviewed annually by the Board of Directors and staff.”

Form 990, Part VI, Section B, line 15

“OFVC utilize compensation comparability data as well as a review and approval by independent persons when determining compensation.”

Form 990, Part VI, Section C, line 19

“No other documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
OneFuture Coachella Valley
EIN
81-3653698
Phone
7606250422
Address
41550 Eclectic Street No 200E, Palm Desert, CA 92260

Signing Officer

Name
Sheila Thornton
Title
President & CEO
Phone
7606250422
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Thornton
Formed
2016
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
29
Volunteers
0

Preparer

Firm
Harrington Group CPAs LLP
Address
2698 Mataro Street, Pasadena, CA 91107
Preparer
Sean E Cain CPA
Phone
6264036801
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“OneFuture works to assure all students succeed in college, career, and life - expanding and enhancing the local workforce so that our youth and economy thrive. Specifically, our goal is that all students will: - have a clear economic and academic path to and through college; - successfully complete post-secondary degrees, credentials or certificates; - land a job with a promising financial path, and - contribute to a thriving economy. With a track record that spans more than a decade, OneFuture Coachella Valley is a leading nonprofit in community engagement that improves both student achievement and regional prosperity. Education is a critical building block for raising the quality of life for our youth, their families and our communities. With a shortage of skilled workers on the horizon in fields such as healthcare, science, technology, engineering, and math, OneFuture Coachella Valley is playing a pivotal role by mobilizing educators, employers, and community leaders to work together to identify future business needs and provide students with the tools to meet the requirements of the workplace and the support needed for success in college. Our partnerships provide career pathways, leadership engagement, work-based learning, scholarships and financial aid and college success support to assure students have the skills and confidence to complete postsecondary degrees and land a job with a promising financial future. Our students become leaders, professionals, and powerful contributors to their families, neighborhoods and workplaces.”

Financial Statement Notes

Part X, Line 2:

“OneFuture Coachella Valley is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by OneFuture Coachella Valley in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. OneFuture Coachella Valley's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.”

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IRS990/Desc0- Led the development and implementation of the Coachella Valley's first Regional Plan for College & Career Success in the Coachella Valley, aligning the resources of school districts, higher education, employers, and the community to improve educational attainment and drive economic success for local students - Full commitment and collaboration from all 3 local school districts in OneFuture's work- Catalyzed employer support for students as the future workforce, providing internships and mentoring in healthcare, advanced technology, hospitality, and media jobs- 7,758 students participating in 48 career academies and pathways (up from 600 students in 2005), in addition to 17 other postsecondary programs - 42% increase in regional college readiness/A-G completion, 2012 - 2019- 25% increase in local college enrollment- 1,291 new bachelor's degrees completed since 2009- 120 new master's and/or doctorate degrees completed since 2009- Awarded $16 million in scholarships to 2,582 low-income students- Provided matching funds to 30 local nonprofits - Increased financial aid capture: 99% of OFCV scholarship recipients receive financial aid in addition to the OFCV scholarship, vs. 83% of students nationally - 52% Increase in valley wide FAFSA (Free Application for Federal Student Aid) completion: capturing an additional estimated $2.6 million in financial aid annually- Provided 249 college juniors and seniors with full time, paid summer internships in healthcare, linking them to local employers for a total of $830,000 in wages.- 96% of OFCV scholars persist to complete their academic year (2019 - 2020 cohort)- 88% of OFCV graduates in 2019 - 2020 plan to bring their talents back to the Coachella Valley
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0See Schedule O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01469858
IRS990/NetAssetsOrFundBalancesEOYAmt01143317
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0203127
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0418245
IRS990/NoncashContributionsAmt017957
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01204
IRS990/OccupancyGrp/ProgramServicesAmt04796
IRS990/OccupancyGrp/TotalAmt06000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0547
IRS990/OfficeExpensesGrp/ProgramServicesAmt04920
IRS990/OfficeExpensesGrp/TotalAmt05467
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021465
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt061094
IRS990/OtherEmployeeBenefitsGrp/TotalAmt082559
IRS990/OtherExpensesGrp/Desc0Facilities/equip.
IRS990/OtherExpensesGrp/Desc1In-kind materials
IRS990/OtherExpensesGrp/Desc2Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc3Membership dues
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06595
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11819
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22094
IRS990/OtherExpensesGrp/ProgramServicesAmt026265
IRS990/OtherExpensesGrp/ProgramServicesAmt117957
IRS990/OtherExpensesGrp/ProgramServicesAmt27246
IRS990/OtherExpensesGrp/ProgramServicesAmt32030
IRS990/OtherExpensesGrp/TotalAmt032860
IRS990/OtherExpensesGrp/TotalAmt117957
IRS990/OtherExpensesGrp/TotalAmt29065
IRS990/OtherExpensesGrp/TotalAmt34124
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/ExclusionAmt01423
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01423
IRS990/OtherRevenueTotalAmt01423
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0152083
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0432848
IRS990/OtherSalariesAndWagesGrp/TotalAmt0584931
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017479
IRS990/PayrollTaxesGrp/ProgramServicesAmt049748
IRS990/PayrollTaxesGrp/TotalAmt067227
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04024
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011454
IRS990/PensionPlanContributionsGrp/TotalAmt015478
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0720602
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0694200
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09419
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017817
IRS990/PrincipalOfficerNm0Sheila Thornton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Fee for services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0202168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202168
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01010528
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0758214
IRS990/PYInvestmentIncomeAmt01160
IRS990/PYOtherExpensesAmt0341462
IRS990/PYOtherRevenueAmt02830
IRS990/PYProgramServiceRevenueAmt0147591
IRS990/PYRevenuesLessExpensesAmt0-853491
IRS990/PYSalariesCompEmpBnftPaidAmt0915924
IRS990/PYTotalExpensesAmt02015600
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01162109
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-326541
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0202168
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0521146
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0553688
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01303436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01010528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02349137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01141779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0166555
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05971435
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018405
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021169
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0465646
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01423
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02830
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03317
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07570
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04617453
IRS990ScheduleA/SubstantialContributorsTotAmt01353982
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01303436
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01010528
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02349137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01141779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0166555
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05971435
IRS990ScheduleA/TotalSupportAmt06000174
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01833934
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021480
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0139046
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0160526
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01507393
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OneFuture Coachella Valley is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by OneFuture Coachella Valley in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. OneFuture Coachella Valley's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021480
IRS990ScheduleD/TotalExpensesPerForm990Amt01833934
IRS990ScheduleD/TotalRevenuePerForm990Amt01507393
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01507393
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01833934
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt034716
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt034716
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09912
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0The Future is Ours
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt044628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt044628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt09912
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt09912
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09912
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09912
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0446480
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0220
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization receives grants and contributions from the community to support the scholarship program. Scholarship funds are managed by the Organization's staff. Applicants for scholarships must meet financial need, academic merit, or other criteria as set by the Organization and the Orgnaization's scholarship matching partners. Applicants are reviewed by the Organization's staff, interns, scholarship matching partners' staff, and volunteers from the community. Applications meeting specific criteria may be awarded scholarships. Scholarship funds are transmitted directly to the student's educational institution based on their tuition billing cycles.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OneFuture works to assure all students succeed in college, career, and life - expanding and enhancing the local workforce so that our youth and economy thrive. Specifically, our goal is that all students will: - have a clear economic and academic path to and through college; - successfully complete post-secondary degrees, credentials or certificates; - land a job with a promising financial path, and - contribute to a thriving economy. With a track record that spans more than a decade, OneFuture Coachella Valley is a leading nonprofit in community engagement that improves both student achievement and regional prosperity. Education is a critical building block for raising the quality of life for our youth, their families and our communities. With a shortage of skilled workers on the horizon in fields such as healthcare, science, technology, engineering, and math, OneFuture Coachella Valley is playing a pivotal role by mobilizing educators, employers, and community leaders to work together to identify future business needs and provide students with the tools to meet the requirements of the workplace and the support needed for success in college. Our partnerships provide career pathways, leadership engagement, work-based learning, scholarships and financial aid and college success support to assure students have the skills and confidence to complete postsecondary degrees and land a job with a promising financial future. Our students become leaders, professionals, and powerful contributors to their families, neighborhoods and workplaces.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The CEO and Board of Directors review the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is reviewed annually by the Board of Directors and staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFVC utilize compensation comparability data as well as a review and approval by independent persons when determining compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No other documents are available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,525,490
Liabilities
$382,173
Net assets
$1,143,317
Revenue
$1,507,393
Expenses
$1,833,934
Net income
-$326,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.29$0.39$1.90$3.08$3.28$0.21
2023Detailed filing. Detailed filing data is available for this year.$2.29$0.18$2.11$3.27$2.19$1.07
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.13$1.04$1.91$2.02$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.38$1.14$1.51$1.83$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.32$1.47$1.16$2.02$0.85
2019Detailed filing. Detailed filing data is available for this year.$2.40$0.08$2.32$2.47$2.39$0.08
2018Summary only. Only limited summary data is available for this year.$1.28$0.08$1.20$1.16$2.62$1.46
2017Summary only. Only limited summary data is available for this year.$3.76$0.05$3.72$0.16$0.95$0.79