Charitable Ventures Of Orangecounty Inc
- Assets
- $13.3m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 235
- Location
- Santa Ana, CA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-8756660
Organization Overview
Charitable Ventures Of Orangecounty Inc is located in Santa Ana, CA. The organization was established in 2007. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Charitable Ventures Of Orangecounty Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charitable Ventures Of Orangecounty Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Charitable Ventures Of Orangecounty Inc generated $22.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $22.7m during the year ending 12/2022. While expenses have increased by 26.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charitable Ventures Of Orangecounty Inc has awarded 165 individual grants totaling $12,414,019. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROVIDING RESOURCES AND SUPPORT SERVICES (SUCH AS INCUBATION, ACCOUNTING, AND FISCAL SPONSORSHIP) TO EMERGING CHARITABLE VENTURES AND PROJECTS.
Describe the Organization's Program Activity:
380 PROJECT KINSHIPPROJECT KINSHIP PROVIDES HOPE, TRAINING AND SUPPORT SERVICES TO FORMERLY INCARCERATED AND GANG INVOLVED LIFE TO RE-ENTER SCHOOLS, WORKFORCE, AND FAMILIES. PROJECT KINSHIP OFFERINGS CAPACITY BUILDING TRAINING AND CONFERENCES TO INDIVIDUALS AND AGENCIES THROUGHOUT ORANGE COUNTY TO BETTER SERVE HIGH-RISK POPULATIONS IN THE COMMUNITY. PROJECTKINSHIP.ORG
880 OCSD THE ORANGE COUNTY SUSTAINABILITY DECATHLON (OCSD23) IS A NEW COMPETITION THAT CHALLENGES TALENTED INDIVIDUALS WORKING AS A TEAM TO DESIGN, BUILD, AND MARKET MODEL HOUSING PROTOTYPES THAT DEMONSTRATE A RANGE OF PRACTICAL SOLUTIONS TO SOME OF CALIFORNIAS MOST URGENT PROBLEMS. OCSD23 WILL MOTIVATE A NEW GENERATION OF LEADERS TO ENVISION AND APPLY CREATIVE SOLUTIONS THAT WILL ACCELERATE SUSTAINABLE DEVELOPMENT IN CALIFORNIA AND ACROSS THE COUNTRY. OCSD23S PRIMARY OBJECTIVE IS TO JUMP-START THE AVAILABILITY OF INNOVATIVE, ENERGY-EFFICIENT, NET-ZERO ENERGY HOUSING UNITS THAT ARE MARKET-READY AND AFFORDABLE FOR TODAYS CONSUMERS. THE OCSD23 ORGANIZATION WILL BUILD AND DISPLAY FOR PUBLIC VIEWING A SUSTAINABLE VILLAGE OF LEADING-EDGE HOMES AT A SINGLE SITE. THIS EVENT WILL SHOWCASE UP TO 20 UNIQUE HOMES DESIGNED AND BUILT BY MULTIDISCIPLINARY TEAMS. WHILE ON DISPLAY, THESE TEAMS WILL BE IN COMPETITION TO DEMONSTRATE WHICH HOUSES OUTPERFORM THE OTHERS IN TEN CONTESTS. ECONOMIC DEVELOPMENT/EDUCATION
780 D5 THE FIFTH DISTRICT CHILDCARE PROGRAM DISTRIBUTED $1.5 MILLION AIMED AT ASSISTING LOCAL CHILDCARE BUSINESSES AND NONPROFITS THAT HAVE BEEN AFFECTED BY COVID-19. THE FUNDING, WHICH WAS PART OF THE AMERICAN RESCUE PLAN ACT OF 2021 (ARPA), H.R. 3191, AIDED THOSE CHILDCARE-RELATED BUSINESSES THAT NEEDED ASSISTANCE IN RECOVERING FROM THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Olin Pres/ceo/sec'y | Officer | 40 | $190,009 |
Theodore Kim CFO | Officer | 40 | $149,304 |
Keith Swayne Chair | OfficerTrustee | 1 | $0 |
Jason Lacsamana Member | Trustee | 1 | $0 |
John L Benner Treasurer | OfficerTrustee | 1 | $0 |
Dr Jerome Hunter Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Energy Llc Contractor | 12/30/22 | $218,713 |
Ocssf-ep Llc Rent | 12/30/22 | $145,785 |
22215 N Broadway Llc Rent | 12/30/22 | $137,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $439,750 |
| Fundraising events | $192,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,858,913 |
| Noncash contributions included in lines 1a–1f | $45,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,490,913 |
| Total Program Service Revenue | $1,179,647 |
| Investment income | $9,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,680,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,433,069 |
| Grants and other assistance to domestic individuals. | $6,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,313 |
| Compensation of current officers, directors, key employees. | $58,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,487,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $761,842 |
| Payroll taxes | $715,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,430,417 |
| Advertising and promotion | $174,597 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $390,800 |
| Travel | $45,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,171 |
| Interest | $8,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,002 |
| Insurance | $109,546 |
| All other expenses | $697,482 |
| Total functional expenses | $22,703,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,061,312 |
| Savings and temporary cash investments | $3,248,272 |
| Pledges and grants receivable | $1,709,347 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,625 |
| Net Land, buildings, and equipment | $108,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $416,000 |
| Other assets | $677,763 |
| Total assets | $13,259,506 |
| Accounts payable and accrued expenses | $1,151,465 |
| Grants payable | $0 |
| Deferred revenue | $4,869,462 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $616,056 |
| Total liabilities | $6,636,983 |
| Net assets without donor restrictions | $2,152,616 |
| Net assets with donor restrictions | $4,469,907 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,259,506 |
Grants Awarded
Over the last fiscal year, Charitable Ventures Of Orangecounty Inc has awarded $2,769,752 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING CLR HOUSE PURPOSE: R2G Cohort Grants | $10,000 |
AHRI CENTER PURPOSE: R2G Cohort Grants | $10,000 |
ALLIANCE FOR LEADERSHIP & EDU PURPOSE: Donation Funds for K-9 program | $6,780 |
ARAB AMERICAN CIVIC COUNCIL PURPOSE: R2G Cohort Grants | $10,000 |
ARTS & LEARNING CONSERVATORY PURPOSE: R2G Cohort Grants | $10,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: Sustainablity Decathlon University | $75,000 |