Onefuture Coachella Valley
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Palm Desert, CA
- Founding
- 03/2017
- Data as of
- 06/2021
- 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 06/2021, Onefuture Coachella Valley employed 29 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 06/2021, Onefuture Coachella Valley generated $1.5m in total revenue. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 17.8% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ONEFUTURE WORKS TO ASSURE ALL STUDENTS 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 IN THE COACHELLA VALLEY, ALIGNING THE RESOURCES OF SCHOOL DISTRICTS, HIGHER EDUCATION, EMPLOYERS, AND THE COMMUNITY TO IMPROVE EDUCATIONAL ATTAINMENT AND DRIVE ECONOMIC SUCCESS FOR LOCAL STUDENTS - FULL COMMITMENT AND COLLABORATION FROM ALL 3 LOCAL SCHOOL DISTRICTS IN ONEFUTURE'S WORK- CATALYZED EMPLOYER SUPPORT FOR STUDENTS AS THE FUTURE WORKFORCE, PROVIDING INTERNSHIPS AND MENTORING IN HEALTHCARE, ADVANCED TECHNOLOGY, HOSPITALITY, AND MEDIA JOBS- 7,758 STUDENTS PARTICIPATING IN 48 CAREER ACADEMIES AND PATHWAYS (UP FROM 600 STUDENTS IN 2005), IN ADDITION TO 17 OTHER POSTSECONDARY PROGRAMS - 42% INCREASE IN REGIONAL COLLEGE READINESS/A-G COMPLETION, 2012 - 2019- 25% INCREASE IN LOCAL COLLEGE ENROLLMENT- 1,291 NEW BACHELOR'S DEGREES COMPLETED SINCE 2009- 120 NEW MASTER'S AND/OR DOCTORATE DEGREES COMPLETED SINCE 2009- AWARDED $16 MILLION IN SCHOLARSHIPS TO 2,582 LOW-INCOME STUDENTS- PROVIDED MATCHING FUNDS TO 30 LOCAL NONPROFITS - 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- PROVIDED 249 COLLEGE JUNIORS AND SENIORS WITH FULL TIME, PAID SUMMER INTERNSHIPS IN HEALTHCARE, LINKING THEM TO LOCAL EMPLOYERS FOR A TOTAL OF $830,000 IN WAGES.- 96% OF OFCV SCHOLARS PERSIST TO COMPLETE THEIR ACADEMIC YEAR (2019 - 2020 COHORT)- 88% OF OFCV GRADUATES IN 2019 - 2020 PLAN TO BRING THEIR TALENTS BACK TO THE COACHELLA VALLEY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Thornton President & CEO | Officer | 40 | $103,255 |
Jacqui Tricco Business & Finance Manager | Officer | 40 | $72,175 |
Todd Hooks Treasurer | OfficerTrustee | 1 | $0 |
Dr Sandra Lyon Chairman | OfficerTrustee | 3 | $0 |
Carlos Campos Secretary | OfficerTrustee | 1 | $0 |
Scott Bailey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,716 |
| Related organizations | $0 |
| Government grants | $375,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,860 |
| Noncash contributions included in lines 1a–1f | $17,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,303,436 |
| Total Program Service Revenue | $202,168 |
| Investment income | $366 |
| 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 | $1,507,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $446,480 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,609 |
| Compensation of current officers, directors, key employees. | $59,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,931 |
| Pension plan accruals and contributions | $15,478 |
| Other employee benefits | $82,559 |
| Payroll taxes | $67,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,720 |
| Advertising and promotion | $14,512 |
| Office expenses | $5,467 |
| Information technology | $18,989 |
| 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 | $45,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,124 |
| Insurance | $4,254 |
| All other expenses | $0 |
| Total functional expenses | $1,833,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,305 |
| Savings and temporary cash investments | $553,688 |
| Pledges and grants receivable | $694,200 |
| 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 | $17,817 |
| Net Land, buildings, and equipment | $21,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,525,490 |
| Accounts payable and accrued expenses | $146,918 |
| Grants payable | $0 |
| Deferred revenue | $36,000 |
| 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 | $199,255 |
| Other liabilities | $0 |
| Total liabilities | $382,173 |
| Net assets without donor restrictions | $418,245 |
| Net assets with donor restrictions | $725,072 |
| 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 | $1,525,490 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Onefuture Coachella Valley has recieved totaling $717,440.
| Awarding Organization | Amount |
|---|---|
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $200,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $200,000 |
California Healthcare Foundation Oakland, CA PURPOSE: HEALTHCARE SCHOLARSHIP AND WORKFORCE DEVELOPMENT FUND | $100,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Bridge To Careers: College And Career Success | $75,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Ford Motor Co Fund Dearborn, MI PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |