Civic Intelligence

Antelope Valley College Foundation

990 • Fiscal year 2020 • EIN 95-4398700

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 18, 2021

3041 West Avenue KLancaster, CA 93536

(661) 722-6391

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

50th percentile

6.1%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-23%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,341,012

Up $421,708 (+6.1%) from 2019

Net Assets

Up

$7,340,458

Up $422,251 (+6.1%) from 2019

Liabilities

Down

$554

Down $543 (-49%) from 2019

Revenue

Down

$1,214,770

Down $356,058 (-23%) from 2019

Expenses

Up

$792,519

Up $87,735 (+12%) from 2019

Net Income

Down

$422,251

Down $443,793 (-51%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,615,123Liabilities 2011: $19,140Net Assets 2011: $2,595,9832011Assets 2012: $3,318,661Liabilities 2012: $31,618Net Assets 2012: $3,287,0432012Assets 2013: $3,726,537Liabilities 2013: $24,780Net Assets 2013: $3,701,7572013Assets 2014: $4,359,019Liabilities 2014: $24,780Net Assets 2014: $4,334,2392014Assets 2015: $4,686,012Liabilities 2015: $27,992Net Assets 2015: $4,658,0202015Assets 2016: $4,951,088Liabilities 2016: $10,359Net Assets 2016: $4,940,7292016Assets 2017: $5,622,171Liabilities 2017: $45,808Net Assets 2017: $5,576,3632017Assets 2018: $6,110,921Liabilities 2018: $58,758Net Assets 2018: $6,052,1632018Assets 2019: $6,919,304Liabilities 2019: $1,097Net Assets 2019: $6,918,2072019Assets 2020: $7,341,012Liabilities 2020: $554Net Assets 2020: $7,340,4582020Assets 2021: $9,812,177Liabilities 2021: $3Net Assets 2021: $9,812,1742021Assets 2022: $8,762,216Liabilities 2022: $16,691Net Assets 2022: $8,745,5252022Assets 2023: $9,893,915Liabilities 2023: $7,741Net Assets 2023: $9,886,1742023Assets 2024: $11,568,792Liabilities 2024: $287Net Assets 2024: $11,568,5052024Assets 2025: $12,784,768Liabilities 2025: $513Net Assets 2025: $12,784,2552025

Highlighted filing

2020

Assets$7,341,012
Liabilities$554
Net Assets$7,340,458

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $1,248,937Expenses 2011: $947,691Net Income 2011: $301,2462011Revenue 2012: $822,481Expenses 2012: $526,950Net Income 2012: $295,5312012Revenue 2013: $754,098Expenses 2013: $627,052Net Income 2013: $127,0462013Revenue 2014: $798,456Expenses 2014: $663,716Net Income 2014: $134,7402014Revenue 2015: $1,013,608Expenses 2015: $689,827Net Income 2015: $323,7812015Revenue 2016: $965,690Expenses 2016: $682,981Net Income 2016: $282,7092016Revenue 2017: $1,257,888Expenses 2017: $622,254Net Income 2017: $635,6342017Revenue 2018: $1,235,631Expenses 2018: $759,831Net Income 2018: $475,8002018Revenue 2019: $1,570,828Expenses 2019: $704,784Net Income 2019: $866,0442019Revenue 2020: $1,214,770Expenses 2020: $792,519Net Income 2020: $422,2512020Revenue 2021: $4,152,919Expenses 2021: $1,681,203Net Income 2021: $2,471,7162021Revenue 2022: $1,586,854Expenses 2022: $1,046,797Net Income 2022: $540,0572022Revenue 2023: $2,526,696Expenses 2023: $1,386,047Net Income 2023: $1,140,6492023Revenue 2024: $2,747,718Expenses 2024: $1,065,387Net Income 2024: $1,682,3312024Revenue 2025: $1,950,334Expenses 2025: $734,584Net Income 2025: $1,215,7502025

Highlighted filing

2020

Revenue$1,214,770
Expenses$792,519
Net Income$422,251
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 18, 2021
Return Version
2019v5.0
Gross Receipts
$1,217,959
Mission and Program Overview

Mission

Support antelope valley college scholarships and related student programs.

The Foundation's mission is to increase resources, raise funds and create friends and partnerships in support of education at AVC.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,114,331$6,519,865▲ $405,534
Cash and Non-Interest-Bearing Accounts$146,224$205,434▲ $59,210
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,919,304$7,341,012▲ $421,708
Other Assets Total$658,749$615,713▼ $43,036
Liabilities
Accounts Payable and Accrued Expenses$1,097$554▼ $543
Total Liabilities$1,097$554▼ $543
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,184,511$6,264,945▲ $80,434
Net Assets Without Donor Restrictions$733,696$1,075,513▲ $341,817
Total Net Assets Fund Balance$6,918,207$7,340,458▲ $422,251
Total Liabilities and Net Assets / Fund Balance$6,919,304$7,341,012▲ $421,708

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$194,548--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,144,097$216,985▲ $213,343-$5,501,257
2018$4,389,761$525,475▲ $341,129-$5,144,097
2017$3,852,824$230,878▲ $306,163-$4,389,761
2016$3,320,791$206,907▲ $336,943-$3,852,824
2015$3,351,586$118,841▲ $21,064-$3,320,791
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Stacy BryantPresident
Alis Clausen OdenthalBoard Member
Edward KnudsonBoard Member
Frank RamirezBoard Member
George AndrewsBoard Member
Gilbert H Snow DDSBoard Member
Jerry GentryBoard Member
John CurradoBoard Member
Lew StultsBoard Member
Michael AdamsBoard Member
Vicky VogelBoard Member
Colby KonisekCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$851,347
Program Service Revenue
$83,843
Investment Income
$256,132
Other Revenue
$23,448
All Other Contributions
$851,347
Change in Net Assets
$422,251

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 Table2$122,500Fair Market Value (FMV)
Other Non Cash Contri Table1$40,622Fair Market Value (FMV)
Other Non Cash Contri Table2$40,569Fair Market Value (FMV)
Other Non Cash Contri Table1$38,481Fair Market Value (FMV)
Other Non Cash Contri Table1$37,352Fair Market Value (FMV)
Other Non Cash Contri Table1$24,000Fair Market Value (FMV)
Cars and Other Vehicles2$6,106Fair Market Value (FMV)
Other Non Cash Contri Table1$4,950Fair Market Value (FMV)
Clothing and Household Goods-$3,492Fair Market Value (FMV)
Books and Publications-$2,617Fair Market Value (FMV)
Other Non Cash Contri Table1$2,299Fair Market Value (FMV)
Food Inventory3$519Fair Market Value (FMV)
Other Non Cash Contri Table1$225Fair Market Value (FMV)
Other Non Cash Contri Table1$155Fair Market Value (FMV)
Total Noncash Contributions17$323,887-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,217,959
Revenue Not Reported on Financial Statements
$-3,189
Revenue Not Reported on Form 990
$206,555
Other Revenue Adjustments
$-3,189
Total Revenue per Audited Statements
$1,424,514
Total Revenue per Form 990
$1,214,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$639,745
Other Expenses$152,774
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$474,670--$474,670
Grants to Domestic Individuals$165,075--$165,075
Fees for Service Investment Mgmnt Fees$27,854--$27,854
Conferences and Meetings$11,945--$11,945
Office Expenses-$7,054-$7,054
Fees for Services Accounting-$6,260-$6,260
Advertising$5,763--$5,763
Other Expenses$1,320$3,183-$1,320
All Other Expenses$38$535-$573
Total Functional Expenses$770,488$22,031$0$792,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,002,263
Expenses per Audited Statements$795,708
Total Expenses per Form 990$792,519
Expenses Not Reported on Form 990$206,555
Expenses Not Reported on Financial Statements$-3,189
Other Expense Adjustments$-3,189
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Antelope Valley CollegeLancaster, CA501(c)(3)Support District Programs$150,783
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,637
Fundraising Direct Expenses$3,189
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine Walk & Other Events$26,637$26,637$3,189$23,448
Total Events$26,637$26,637$3,189$23,448
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Line 11B: Form 990 Review Process

The IRS Form 990 is reviewed by the Executive Director prior to filing.

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

The Foundation requires Directors to annually sign a form that identifies potential conflicts of interest or certifies that there are none.

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

Compensation for the Executive Director is based upon the results of a wage study performed by a third party that compares annual compensation for similar positions in other District's of a similar size and type and uses that information to arrive at a similar corresponding salary for District employees and related organizations.

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

Governing documents, conflict of interest policies, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Antelope Valley College Foundation
EIN
95-4398700
Phone
6617226391
Address
3041 West Avenue K, Lancaster, CA 93536

Signing Officer

Name
Dianne Knippel
Title
Executive Director
Signed
2021-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dianne Knippel Executive Director
Formed
1991
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
15

Preparer

Firm
Cobb Doerfler & Associates CPA
Address
PO Box 2770, Lancaster, CA 93539
Preparer
Anthony T Bruneau CPA
Phone
6619482661
Supplemental Narrative

Financial Statement Notes

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

The endowment funds are available for use for the following purposes:1. Scholarships2. Academic programs3. To further the purposes Title V of the Higher Education Act

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IRS990/Desc0During the year ended June 30, 2020 the Foundation engaged in the following program service activities:- Awarded 257 scholarships totaling $165,075.- Provided $399,809 to support activities at the College and related programs.- Achieved a 6% year over year return on invested endowment monies.- Increased the number of donors from 4,500 to 5,809 and increased the average donor annual contribution to $2,244 from $1,058.- Engaged the community during COVID-19 using student-made videos to their scholarship donors in lieu of the annual Meet and Greet, in person, Breakfast.- Obtained $75,000 COVID-19 related contributions from Lockheed Martin to support materials for students.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.00$12.8$1.95$0.73$1.22
2024Detailed filing. Detailed filing data is available for this year.$11.6$0.00$11.6$2.75$1.07$1.68
2023Detailed filing. Detailed filing data is available for this year.$9.89$0.01$9.89$2.53$1.39$1.14
2022Detailed filing. Detailed filing data is available for this year.$8.76$0.02$8.75$1.59$1.05$0.54
2021Detailed filing. Detailed filing data is available for this year.$9.81$0.00$9.81$4.15$1.68$2.47
2020Detailed filing. Detailed filing data is available for this year.$7.34$0.00$7.34$1.21$0.79$0.42
2019Detailed filing. Detailed filing data is available for this year.$6.92$0.00$6.92$1.57$0.70$0.87
2018Detailed filing. Detailed filing data is available for this year.$6.11$0.06$6.05$1.24$0.76$0.48
2017Detailed filing. Detailed filing data is available for this year.$5.62$0.05$5.58$1.26$0.62$0.64
2016Detailed filing. Detailed filing data is available for this year.$4.95$0.01$4.94$0.97$0.68$0.28
2015Detailed filing. Detailed filing data is available for this year.$4.69$0.03$4.66$1.01$0.69$0.32
2014Summary only. Only limited summary data is available for this year.$4.36$0.02$4.33$0.80$0.66$0.13
2013Summary only. Only limited summary data is available for this year.$3.73$0.02$3.70$0.75$0.63$0.13
2012Summary only. Only limited summary data is available for this year.$3.32$0.03$3.29$0.82$0.53$0.30
2011Summary only. Only limited summary data is available for this year.$2.62$0.02$2.60$1.25$0.95$0.30