Ontario-Montclair Schools Foundation
- Assets
- $1.5m
- Revenue
- $444.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 90-0716973
Organization Overview
Ontario-Montclair Schools Foundation is located in Ontario, CA. The organization was established in 2012. 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. Ontario-Montclair Schools 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 06/2022, Ontario-Montclair Schools Foundation generated $444.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $265.7k during the year ending 06/2022. 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
TO SUPPORT THE EDUCATION OF ONTARIO-MONTCLAIR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM OF THE FOUNDATION IS PROMISE SCHOLARS WHICH SERVED OVER 9,000 STUDENTS IN GRADES 5-12 IN 2019-20. PROMISE SCHOLARS PROVIDES EARLY AWARENESS AND ACCESS TO COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Lipschultz Ex-Officio Member | Trustee | 2 | $0 |
Felix Melendez Ex-Officio Member | Trustee | 2 | $0 |
Kristine Scott Treasurer | OfficerTrustee | 1 | $0 |
Danny DE La Mora Vice President | OfficerTrustee | 1 | $0 |
Rudy Lopez Member | Trustee | 1 | $0 |
Scott Ochoa Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,827 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,600 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,558 |
| Advertising and promotion | $125 |
| Office expenses | $1,306 |
| Information technology | $1,086 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,100 |
| 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 | $18,281 |
| Total functional expenses | $265,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $909,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,500 |
| 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 | $6,868 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $582,503 |
| Total assets | $1,548,429 |
| Accounts payable and accrued expenses | $59,158 |
| 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 | $59,158 |
| Net assets without donor restrictions | $1,361,923 |
| Net assets with donor restrictions | $127,348 |
| 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 | $1,548,429 |