Onefuture Coachella Valley
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Palm Desert, CA
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-3653698
Organization Overview
Onefuture Coachella Valley is located in Palm Desert, CA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Onefuture Coachella Valley employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onefuture Coachella Valley 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 06/2022, Onefuture Coachella Valley generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONEFUTURE COACHELLA VALLEY EXISTS TO ASSURE STUDENDS SUCCEED IN COLLEGE, CAREER, AND LIFE -EXPANDING AND ENHANCING THE LOCAL WORKFORCE SO THAT OUR YOUTH AND ECONOMY THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- LED THE DEVELOPMENT AND IMPLEMENTATION OF THE COACHELLA VALLEY'S FIRST REGIONAL PLAN FOR COLLEGE & CAREER SUCCESS, ALIGNING THE RESOURCES OF SCHOOL DISTRICTS, HIGHER EDUCATION, EMPLOYERS, AND THE COMMUNITY TO IMPROVE EDUCATIONAL ATTAINMENT.- FULL COMMITMENT AND COLLABORATION FROM ALL LOCAL SCHOOL DISTRICTS.- CATALYZED EMPLOYER SUPPORT FOR STUDENTS AS THE FUTURE WORKFORCE, PROVIDING INTERNSHIPS AND MENTORING IN HEALTHCARE, TECHNOLOGY, HOSPITALITY, AND MEDIA.- 1200% INCREASE IN STUDENTS STUDYING IN CAREER ACADEMIES, MORE THAN 7,750 STUDENTS ACROSS ALL THREE SCHOOL DISTRICTS ARE NOW CONNECTING ACADEMICS TO REAL-LIFE CAREERS AND POST-SECONDARY DEGREE PROGRAMS (SOURCE: SCHOOL DISTRICT REGIONAL PLAN COLLABORATION DATA).- 42% INCREASE IN REGIONAL COLLEGE READINESS/A-G COMPLETION, 2012-2019 (SOURCE: RIVERSIDE COUNTY OFFICE OF EDUCATION).- 25% INCREASE IN COLLEGE ENROLLMENT THROUGH 2019(SOURCE: RIVERSIDE COUNTY OFFICE OF EDUCATION).- SINCE 2009, OFCV SCHOLARSHIP RECIPIENTS HAVE COMPLETED 1,165 BACHELOR DEGREES, 488 ASSOCIATE DEGREES, 171 MASTER DEGREES, 17 DOCTORAL DEGREES, 87 CERTIFICATES AND 4 CREDENTIALS (SOURCE: HARC AND NATIONAL STUDENT CLEARINGHOUSE).- AWARDED $17 MILLION IN SCHOLARSHIPS TO 2,974 LOW-INCOME STUDENTS AS OF 2021 (SOURCE: OFCV).- PROVIDED MATCHING FUNDS TO 30 LOCAL NONPROFITS (SOURCE: OFCV).- INCREASED FINANCIAL AID CAPTURE: 99% OF OFCV SCHOLARSHIP RECIPIENTS RECEIVE FINANCIAL AID IN ADDITION TO THE OFCV SCHOLARSHIP, VS. 83% OF STUDENTS NATIONALLY.- 52% INCREASE IN VALLEY-WIDE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) COMPLETION, CAPTURING AN ADDITIONAL ESTIMATED $2.6 MILLION IN FINANCIAL AID ANNUALLY (SOURCE: OFCV).- PROVIDED 235 COLLEGE JUNIORS AND SENIORS WITH FULL TIME, PAID SUMMER INTERNSHIPS IN HEALTHCARE, LINKING THEM TO LOCAL EMPLOYERS FOR A TOTAL OF $913,000 IN WAGES (SOURCE: OFCV).- 92.4% OF OFCV SCHOLARS PERSISTED FROM THEIR FIRST YEAR TO THEIR SECOND YEAR (2009 -- 2021) (SOURCE: HARC AND NATIONAL STUDENT CLEARINGHOUSE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Sandra Lyon Chairman | OfficerTrustee | 3 | $0 |
Todd Hooks Treasurer (end 5/22) | OfficerTrustee | 1 | $0 |
Carlos Campos Secretary | OfficerTrustee | 1 | $0 |
Scott Bailey Board Member (end 5/22) | Trustee | 1 | $0 |
George Batavick Board Member (start 2/22) | Trustee | 1 | $0 |
Pete Del Rio Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,879 |
| Related organizations | $0 |
| Government grants | $421,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,194,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,637,677 |
| Total Program Service Revenue | $269,440 |
| Investment income | $260 |
| 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 | $1,907,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $398,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,619 |
| Compensation of current officers, directors, key employees. | $56,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $675,057 |
| Pension plan accruals and contributions | $17,366 |
| Other employee benefits | $88,452 |
| Payroll taxes | $76,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264,610 |
| Advertising and promotion | $26,525 |
| Office expenses | $3,892 |
| Information technology | $18,398 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,570 |
| Insurance | $6,818 |
| All other expenses | $0 |
| Total functional expenses | $2,015,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,627 |
| Savings and temporary cash investments | $456,490 |
| Pledges and grants receivable | $485,739 |
| 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 | $3,126 |
| Net Land, buildings, and equipment | $16,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,168,355 |
| Accounts payable and accrued expenses | $81,033 |
| Grants payable | $0 |
| Deferred revenue | $51,444 |
| 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 | $132,477 |
| Net assets without donor restrictions | $366,956 |
| Net assets with donor restrictions | $668,922 |
| 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 | $1,168,355 |