Diablo Valley College Foundation
- Assets
- $8.6m
- Revenue
- $688.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasant Hill, CA
- Founding
- 08/1976
- Data as of
- 06/2021
- EIN
- 94-9622202
Organization Overview
Diablo Valley College Foundation is located in Pleasant Hill, CA. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Diablo Valley College 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 06/2021, Diablo Valley College Foundation generated $688.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $582.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DVC FOUNDATION IS TO DEVELOP RESOURCES AND RELATIONSHIPS THAT ENSURE INSTITUTIONAL EXCELLENCE AND THAT RESULT IN A TRULY EXCEPTIONAL EXPERIENCE FOR DIABLO VALLEY COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE TO DIABLO VALLEY COLLEGE STUDENTS THROUGH SCHOLARSHIPS AND INSTRUCTIONAL PROGRAM AND SERVICES SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director / President Diablo Valley College | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,976 |
| Total Program Service Revenue | $0 |
| Investment income | $182,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $228,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $288,795 |
| 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 | $495 |
| Fees for services: Accounting | $60,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,365 |
| Fees for services: Other | $7,395 |
| Advertising and promotion | $0 |
| Office expenses | $22,749 |
| Information technology | $17,421 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,043 |
| All other expenses | $0 |
| Total functional expenses | $582,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,648 |
| Savings and temporary cash investments | $148,130 |
| Pledges and grants receivable | $77,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,260,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,646,303 |
| Accounts payable and accrued expenses | $40,845 |
| 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 | $40,845 |
| Net assets without donor restrictions | $187,114 |
| Net assets with donor restrictions | $8,418,344 |
| 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 | $8,646,303 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Diablo Valley College Foundation has recieved totaling $240,481.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $120,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $24,700 |
Project Harmony Inc Waitsfield, VT PURPOSE: GE ACCESS EXCHANGE | $21,427 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: DVC FASTTRAX SUMMER CAMP | $20,000 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: HANDS-ON OUTDOOR PROCESS TECHNOLOGY LABORATORY | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,775 |
Endowment Analysis
| Beg. Balance | $5,112,303 |
| Earnings | $686,166 |
| Net Contributions | $59,282 |
| Other Expense | $122,100 |
| Ending Balance | $5,735,651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |