The Santa Barbara Ventura College O F Law
- Assets
- $11.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 117
- Location
- Ventura, CA
- Founding
- 02/1970
- Data as of
- 05/2023
- EIN
- 95-2592468
Organization Overview
The Santa Barbara Ventura College O F Law, operating under the name The Colleges of Law, is located in Ventura, CA. The organization was established in 1970. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2023, Colleges of Law employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colleges of Law 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 05/2023, Colleges of Law generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $6.1m during the year ending 05/2023. While expenses have increased by 9.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COLLEGES OF LAW IS TO PROVIDE ACCESS TO LAW AND LAW-RELATED PROFESSIONS THROUGH EMPHASIZING OPPORTUNITY, ACADEMIC EXCELLENCE, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGES OF LAW ("COL") IS A CALIFORNIA NONPROFIT CORPORATION THAT OPERATES AS A LAW SCHOOL WITH CAMPUS LOCATIONS IN SANTA BARBARA AND VENTURA, CALIFORNIA. COL PROVIDES HIGH QUALITY LEGAL EDUCATION DELIVERED THROUGH TWO MODALITIES: AN EVENING, ONSITE OPTION AND A HYBRID (70 PERCENT ONLINE AND 30 PERCENT ONSITE) OPTION, LEADING TO THE AWARD OF A JURIS DOCTOR DEGREE AND ELIGIBILITY TO SIT FOR THE CALIFORNIA STATE BAR EXAMINATION. COL ALSO OFFERS A MASTER OF LEGAL STUDIES VIA DISTANCE LEARNING.(SEE CONTINUATION ON SCHEDULE O)FOUNDED TO PROVIDE AN OPPORTUNITY FOR MEN AND WOMEN OF ALL AGES, BACKGROUNDS, AND LIFE EXPERIENCES TO ENTER THE LEGAL PROFESSION, COL SEEKS TO DEVELOP GRADUATES WHO WILL BE COMPETENT PRACTITIONERS AND WHO RECOGNIZE AND ADHERE TO THE HIGH LEVEL OF ETHICS, PROFESSIONAL RESPONSIBILITY, AND CIVIC DUTY OUR SOCIETY EXPECTS OF LAWYERS. DURING THE FISCAL YEAR ENDED MAY 31, 2023, COL PROVIDED EDUCATION TO OVER 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Horowitz Corporate President/trustee | OfficerTrustee | 2 | $0 |
Matthew Nehmer President | OfficerTrustee | 40 | $265,300 |
Jana Johnston Board Chair | Trustee | 2 | $0 |
Richard Winn Vice Chair | Trustee | 2 | $0 |
Farfalla Borah Trustee | Trustee | 2 | $0 |
Arturo Hernandez Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Blackpointe Group Construction | 5/30/23 | $333,751 |
Bar Bri Inc Exam Review Services | 5/30/23 | $161,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,260 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,260 |
| Total Program Service Revenue | $6,030,904 |
| Investment income | $81,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,511 |
| Net Gain/Loss on Asset Sales | $52,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,178,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $85,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $632,672 |
| Compensation of current officers, directors, key employees. | $239,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,195,712 |
| Pension plan accruals and contributions | $97,536 |
| Other employee benefits | $171,825 |
| Payroll taxes | $171,424 |
| Fees for services: Management | $276,641 |
| Fees for services: Legal | $4,593 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,797 |
| Fees for services: Other | $67,595 |
| Advertising and promotion | $928,386 |
| Office expenses | $51,942 |
| Information technology | $2,445 |
| Royalties | $0 |
| Occupancy | $351,046 |
| Travel | $83,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,784 |
| Insurance | $24,653 |
| All other expenses | $329,862 |
| Total functional expenses | $6,054,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,295,635 |
| Savings and temporary cash investments | $279,856 |
| Pledges and grants receivable | $14,953 |
| Accounts receivable, net | $139,770 |
| 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 | $139,657 |
| Net Land, buildings, and equipment | $4,766,856 |
| Investments—publicly traded securities | $3,023,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,602,925 |
| Total assets | $11,263,538 |
| Accounts payable and accrued expenses | $586,233 |
| Grants payable | $0 |
| Deferred revenue | $892,877 |
| 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 | $1,589,356 |
| Total liabilities | $3,068,466 |
| Net assets without donor restrictions | $7,849,210 |
| Net assets with donor restrictions | $345,862 |
| 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 | $11,263,538 |