Ventura County Community Foundation
- Assets
- $176.8m
- Revenue
- $17.6m
- Investments
- $27.7m
- Employees
- 22
- Location
- Camarillo, CA
- Founding
- 09/1991
- Data as of
- 09/2023
- 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 09/2023, Ventura County Community Foundation employed 22 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 09/2023, Ventura County Community Foundation generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $13.7m during the year ending 09/2023. While expenses have increased by 10.4% 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, Ventura County Community Foundation has awarded 1,170 individual grants totaling $61,967,631. 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
2023
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 $7,923,400 TO 241 UNIQUE PUBLIC CHARITIES AND $1,350,950 TO MORE THAN THREE HUNDRED LOCAL STUDENTS VIA OUR SCHOLARSHIP PROGRAM.
INCREASING CHARITABLE GIVING IN FISCAL YEAR 2023, OVER $11.5 MILLION WAS ADDED TO DONOR FUNDS BRINGING THE TOTAL CHARITABLE ASSETS UNDER THE STEWARDSHIP OF THE VENTURA COUNTY COMMUNITY FOUNDATION TO $200 MILLION.
THE VENTURA COUNTY COMMUNITY FOUNDATION IS PROUD TO OFFER BELOW-MARKET RENT FOR THIRTEEN 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, WOMENS ECONOMIC VENTURES, AREAS CHRISTIANS TAKING INITIATIVE ON NEED (ACTION), VISTA REAL PUBLIC CHARTER, SOTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG), THE BETTER BUSINESS BUREAU, FUTURE LABS, AND FARM TO SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Leonard Chair | OfficerTrustee | 1 | $0 |
Veronica Quintana Treasurer | OfficerTrustee | 1 | $0 |
Leah Lacayo Secretary | OfficerTrustee | 1 | $0 |
Scott P Hansen Immediate Past Chair | Trustee | 1 | $0 |
Meryl Chase Director | Trustee | 1 | $0 |
Geoff Dean Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodriguez Horii Choi & Cafferata Llp Legal Services | 9/29/23 | $127,605 |
Canterbury Consulting Investment Consulting | 9/29/23 | $362,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,025 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,597,958 |
| Noncash contributions included in lines 1a–1f | $599,411 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,604,983 |
| Total Program Service Revenue | $1,283,017 |
| Investment income | $3,646,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,066,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,600,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,923,412 |
| Grants and other assistance to domestic individuals. | $1,350,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $635,669 |
| Compensation of current officers, directors, key employees. | $104,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,165,566 |
| Pension plan accruals and contributions | $43,090 |
| Other employee benefits | $85,056 |
| Payroll taxes | $125,010 |
| Fees for services: Management | $43,672 |
| Fees for services: Legal | $102,141 |
| Fees for services: Accounting | $63,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $515,717 |
| Fees for services: Other | $351,561 |
| Advertising and promotion | $130,103 |
| Office expenses | $59,829 |
| Information technology | $110,796 |
| Royalties | $0 |
| Occupancy | $415,792 |
| Travel | $880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,475 |
| Interest | $152,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,665 |
| Insurance | $125,228 |
| All other expenses | $42,591 |
| Total functional expenses | $13,689,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,618 |
| Savings and temporary cash investments | $3,708,359 |
| Pledges and grants receivable | $6,819,816 |
| Accounts receivable, net | $116,176 |
| 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 | $127,197 |
| Net Land, buildings, and equipment | $8,052,836 |
| Investments—publicly traded securities | $128,370,269 |
| Investments—other securities | $27,675,908 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,891,110 |
| Total assets | $176,830,289 |
| Accounts payable and accrued expenses | $399,777 |
| Grants payable | $579,017 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,575,152 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,156,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $375,393 |
| Total liabilities | $26,085,460 |
| Net assets without donor restrictions | $140,098,943 |
| Net assets with donor restrictions | $10,645,886 |
| 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 | $176,830,289 |
Grants Awarded
Over the last fiscal year, Ventura County Community Foundation has awarded $7,689,508 in support to 130 organizations.
| Grant Recipient | Amount |
|---|---|
805 UNDOCUFUND PURPOSE: TO PROVIDE DIRECT FINANCIAL RELIEF TO ELIGIBLE RESIDENTS OF CALIFORNIA'S SOUTHERN CENTRAL COAST REGION WHO ARE UNDOCUMENTED, WITH REGARD TO THEIR IMMIGRATION STATUS, AND TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THIS PURPOSE, AND T PROVIDE FUNDING FOR CSUCI STUDETS WHO ARE CONSIDERED UNDOCUMENTD AND ARE PARTICIPATING IN CAMPUS PROGRAMS BUT CANNOT RECEIVE SUPPORT FOR THEIR PARTICIPATION FROM STANDARD SOURCES. | $114,520 |
ANIMAL SERVICES FOUNDATION OF VENTURA COUNTY PURPOSE: IN SUPPORT OF THE PET RETENTION PROGRAM | $25,000 |
ARCHDIOCESE OF LOS ANGELES PURPOSE: TO SUPPORT TO PADRE SERRA PARISH MUSIC MINISTRY, ST. JOHN'S SEMINAR CAPITAL PROJECT, THE CALLED TO RENEW CAMPAIGN, AND TOGETHERIN MISSION. | $72,000 |
BLANCHARD COMMUNITY LIBRARY PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT AND TO SUPPORT THE LITERACY PROGRAM AT THE BLANCHARD COMMUNITY LIBRARY. | $20,013 |
BOYS & GIRLS CLUB OF SANTA CLARA VALLEY PURPOSE: IN SUPPORT OF THEIR MIDDLE SCHOOL MENTOR PROGRAM AND TO SUPPORT THE AFTERSCHOOL STEM ACADEMY | $167,500 |
BOYS & GIRLS CLUB OF CAMARILLO PURPOSE: IN SUPPORT OF THE EXPANDING POSSIBILITIES CAPITAL CAMPAIGN PROGRAM WHICH AIMS TO FUND A 6,500-SQUARE-FOOT EXPANSION OF THE CLUB TO MEET THE GROWING DEMANDS, FOR GENERAL SUPPORT AND OPERATIONS, TO SUPPORT THE STEM PROGRAM, TO PROVIDE MUSICAL INSTRUMENTS. | $415,000 |