Ventura County Community Foundation
- Assets
- $181.9m
- Revenue
- $53.2m
- Investments
- $28.1m
- Employees
- 19
- Location
- Camarillo, CA
- Founding
- 09/1991
- Data as of
- 09/2021
- EIN
- 77-0165029
Organization Overview
Ventura County Community Foundation is located in Camarillo, CA. The organization was established in 1991. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Ventura County Community Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ventura County Community 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 09/2021, Ventura County Community Foundation generated $53.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $50.4m during the year ending 09/2021. While expenses have increased by 41.8% per year over the past 6 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, Ventura County Community Foundation has awarded 929 individual grants totaling $44,181,263. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENABLE PHILANTHROPY TO IMPROVE OUR COMMUNITY FOR GOOD AND FOR EVER.
Describe the Organization's Program Activity:
CONNECTING DONORS TO THE COMMUNITY NEEDS THEY CARE ABOUT, THE VENTURA COUNTY COMMUNITY FOUNDATION GRANTED $9,805,000 TO 225 UNIQUE PUBLIC CHARITIES, $1,116,200 TO MORE THAN TWO HUNDRED FIFTY LOCAL STUDENTS VIA OUR SCHOLARSHIP PROGRAM, AND $37,025,000 TO SUPPORT LOCAL BUSINESSES AND NONPROFIT ORGANIZATIONS THROUGH A BUSINESS ASSISTANCE GRANTS PROGRAM.
INCREASING CHARITABLE GIVING IN FISCAL YEAR 2021, $45 MILLION WAS ADDED TO DONOR FUNDS BRINGING THE TOTAL CHARITABLE ASSETS UNDER THE STEWARDSHIP OF THE VENTURA COUNTY COMMUNITY FOUNDATION TO OVER $187 MILLION.
THE VENTURA COUNTY COMMUNITY FOUNDATION IS PROUD TO OFFER BELOW-MARKET RENT FOR TWELVE NONPROFITS IN VENTURA COUNTY. NONPROFIT TENANTS INCLUDE: ECONOMIC DEVELOPMENT COLLABORATIVE OF VENTURA COUNTY, GOLD COAST VETERANS FOUNDATION, CASA OF VENTURA, MAKE-A-WISH TRI-COUNTIES, INTERFACE CHILDREN AND FAMILY, SERVICES/ 2-1-1 VENTURA COUNTY, BETHANY CHRISTIAN SERVICES, AREAS CHRISTIANS TAKING INITIATIVE ON NEED (ACTION), VISTA REAL PUBLIC CHARTER, SOTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG) AND THE BETTER BUSINESS BUREAU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Bechtel President & CEO | Officer | 40 | $283,790 |
Bonnie Gilles VP & CFO | Officer | 40 | $210,986 |
Jim Rivera Chief Compliance Officer | 40 | $159,283 | |
Sean Leonard Secretary And Incoming Chair | OfficerTrustee | 1 | $0 |
Veronica Quintana Treasurer | OfficerTrustee | 1 | $0 |
Scott P Hansen Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodriguez Horii Choi & Cafferata Llp Legal Services | 9/29/21 | $340,427 |
Canterbury Consulting Investment Consulting | 9/29/21 | $260,000 |
Robert Half Management Resources Temporary Employees | 9/29/21 | $108,685 |
Common Good Advisers Llc Research And Reporting | 9/29/21 | $143,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $36,391,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,570,428 |
| Noncash contributions included in lines 1a–1f | $1,423,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,987,154 |
| Total Program Service Revenue | $1,164,303 |
| Investment income | $1,732,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,301,580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,185,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,740,541 |
| Grants and other assistance to domestic individuals. | $2,702,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $558,905 |
| Compensation of current officers, directors, key employees. | $124,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,111,835 |
| Pension plan accruals and contributions | $12,512 |
| Other employee benefits | $72,733 |
| Payroll taxes | $112,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200,486 |
| Fees for services: Accounting | $74,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $480,175 |
| Fees for services: Other | $153,529 |
| Advertising and promotion | $139,381 |
| Office expenses | $72,392 |
| Information technology | $79,067 |
| Royalties | $0 |
| Occupancy | $345,705 |
| Travel | $619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,866 |
| Interest | $200,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,282 |
| Insurance | $112,396 |
| All other expenses | $27,704 |
| Total functional expenses | $50,431,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,987 |
| Savings and temporary cash investments | $3,971,600 |
| Pledges and grants receivable | $600,000 |
| Accounts receivable, net | $326,616 |
| 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 | $145,379 |
| Net Land, buildings, and equipment | $8,375,747 |
| Investments—publicly traded securities | $139,013,908 |
| Investments—other securities | $28,149,896 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,285,571 |
| Total assets | $181,940,704 |
| Accounts payable and accrued expenses | $698,164 |
| Grants payable | $448,988 |
| Deferred revenue | $25,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,391,354 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,401,200 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $705,621 |
| Total liabilities | $30,670,327 |
| Net assets without donor restrictions | $146,534,863 |
| Net assets with donor restrictions | $4,735,514 |
| 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 | $181,940,704 |
Grants Awarded
Over the last fiscal year, Ventura County Community Foundation has awarded $12,780,380 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF VENTURA-AUDITOR PURPOSE: RETURN OF EXCESS BUSINESS ASSISTANCE GRANTS PROGRAM FUNDS | $4,345,000 |
Oxnard, CA PURPOSE: FOR 805UNDOCUFUND-COVID-19 TO ASSIST UNDOCUMENTED INDIVIDUALS AND FAMILIES WHO HAVE LOST THEIR HOMES, WAGES, AND/OR EMPLOYMENT DUE TO COVID-19. | $682,717 |
Westlake Village, CA PURPOSE: INDIVIDUAL ASSISTANCE FOR 70 VENTURA OR LOS ANGELES COUNTY HOUSEHOLDS IMPACTED BY THE HILL-WOOLSEY FIRE | $350,000 |
Manhattan Beach, CA PURPOSE: TO SUPPORT THE OPENING OF FIVE ADDITIONAL SITES IN THE MIDWEST AND SOUTH TO PROVIDE PANCREATIC CANCER PATIENTS IN THOSE AREAS INFORMATION ABOUT PRECISION PROMISE AND EXPAND PARTICIPATION IN CLINICAL TRIALS TO ACCELERATE NEW TREATMENT OPTIONS | $300,000 |
Oxnard, CA PURPOSE: TO SUPPORT UNDOCUMENTED FAMILIES AND INDIVIDUALS IMPACTED BY COVID-19 | $261,458 |
CITY OF THOUSAND OAKS PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO THE CITY OF THOUSAND OAKS FOR THE CIVIC AUDITORIUM/FORUM THEATRE. | $212,322 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Ventura County Community Foundation has recieved totaling $1,034,803.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $550,000 |
The Zegar Family Foundation New York, NY PURPOSE: GENERAL PURPOSE CONTRIBUTION | $150,000 |
Public Health Institute Oakland, CA PURPOSE: Technical Assistance | $100,000 |
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR PROJECT SUPPORT FOR THE 805 UNDOCUFUND TO PROVIDE BASIC NEEDS AND FINANCIAL ASSISTANCE FOR INDIVIDUALS AND FAMILIES IN VENTURA AND SANTA BARBARA COUNTIES IN RESPONSE TO THE COVID-19 PANDEMIC. | $75,000 |
Hispanics In Philanthropy Oakland, CA PURPOSE: FARMWORKERS PANDEMIC RELIEF FUND | $50,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: PHILANTHROPY, VOLUNTEERISM AND GRANTMAKING | $36,000 |
Endowment Analysis
| Beg. Balance | $125,365,799 |
| Earnings | $25,121,265 |
| Net Contributions | $3,748,596 |
| Grants | $7,294,401 |
| Ending Balance | $146,941,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |