San Bernardino Valley College Foundation
- Assets
- $6.0m
- Revenue
- $1.2m
- Investments
- $4.6m
- Employees
- 0
- Location
- San Bernardino, CA
- Founding
- 11/1973
- Data as of
- 06/2023
- EIN
- 23-7321533
Organization Overview
San Bernardino Valley College Foundation is located in San Bernardino, CA. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Bernardino Valley College Foundation 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 06/2023, San Bernardino Valley College Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $800.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE SAN BERNARDINO VALLEY COLLEGE IN PROVIDING QUALITY EDUCATION AND SERVICES THAT SUPPORT A DIVERSE COMMUNITY OF LEARNERS. THE FOUNDATION COORDINATES FUNDRAISING EVENTS, THE COLLECTION OF DONATIONS AND ADMINISTERS PAYMENTS TO SCHOLARSHIP RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAMS: THE FOUNDATION OFFERS TEXTBOOK ASSISTANCE, ATHLETIC FUNDRAISING AND OTHER SUPPORT TO THE SAN BERNARDINO VALLEY COLLEGE. FUNDRAISIERS ARE HELD ANNUALLY TO PROVIDE TEXTBOOKS AND SCHOLARSHIPS TO NEEDY STUDENTS. THE FOUNDATION RAISES FUNDS FOR TEAM TRIPS, ATHLETIC EQUIPMENT AND SPECIAL ATHLETIC EVENTS. ADDITIONALLY, THE FOUNDATION COLLECTS OTHER DONATIONS TO FUND THE INNOVATIVE ACADEMIC NEEDS FOR IMPROVEMENT OF THE EDUCATIONAL PROGRAMS HELD BY THE SAN BERNARDINO VALLEY COLLEGE.
SCHOLARSHIPS: THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUAL STUDENTS TO ASSIST IN PAYMENT OF ENROLLMENT FEES, BOOKS AND SUPPLIES NECESSARY TO COMPLETE THEIR EDUCATION. DONORS PROVIDE NAME/ENDOWED, MEMORIAL, OR ANNUAL SCHOLARSHIPS WHICH THE FOUNDATION ADMINISTERS TO QUALIFIED STUDENTS.
VALLEY-BOUND: THE VALLEY-BOUND COMMITTMENT IS A SPECIAL PROGRAM FOR LOW INCOME STUDENTS FROM THE LOCAL HIGH SCHOOLS OF SAN BERNARDINO VALLEY COLLEGE. THE PROGRAM'S GOAL IS TO REMOVE ECONOMIC BARRIERS FOR THESE HIGH SCHOOL GRADUATES BY COVERING THE COST OF ENROLLMENT FEES AND TEXTBOOKS FOR THE FIRST YEAR OF ATTENDANCE. ADDITIONALLY, STUDENTS PARTICIPATE IN A LEARNING COMMUNITY TO HELP STRENGTHEN THEIR ACADEMIC ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Thayer Secretary | OfficerTrustee | 3 | $0 |
Tenille Norris Treasurer | OfficerTrustee | 3 | $0 |
Dr Dennis Byas Director | Trustee | 2 | $0 |
Beverly Powell Director | Trustee | 2 | $0 |
Michael Burrows Director | Trustee | 2 | $0 |
Dr Susan Bangasser Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,063,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,063,749 |
| Total Program Service Revenue | $0 |
| Investment income | $138,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,240,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $160,913 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,936 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $800,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,020,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,241 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,616,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,086 |
| Total assets | $6,030,771 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,500 |
| Net assets without donor restrictions | $541,355 |
| Net assets with donor restrictions | $5,487,916 |
| 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 | $6,030,771 |