Antelope Valley College Foundation
- Assets
- $8.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, CA
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 95-4398700
Organization Overview
Antelope Valley College Foundation is located in Lancaster, CA. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Antelope 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 06/2022, Antelope Valley College Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO INCREASE RESOURCES, RAISE FUNDS AND CREATE FRIENDS AND PARTNERSHIPS IN SUPPORT OF EDUCATION AT AVC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FY YEAR ENDING JUNE 30, 2022, THE FOUNDATION ENGAGED IN THE FOLLOWING PROGRAM SERVICE ACTIVITIES:MET THE GOAL OF GROWING FOUNDATION REVENUE BY 5 PERCENT.MET THE GOAL OF GROWING OPERATING UNRESTRICTED REVENUE BY 2 PERCENT.AWARDED 240 SCHOLARSHIPS INCREASED THE NUMBER OF DONORS FROM 6,040 TO 6,115 WITH THE AVERAGE GIFT OF $2,381.ENGAGED THE COMMUNITY DURING THE END OF COVID-19 USING STUDENT-MADE VIDEOS TO THEIR SCHOLARSHIP DONORS IN LIEU OF BEING ABLE TO MEET IN PERSON.PRODUCED 4 NEWSLETTERS TO DONORS.DURING GIVING TUESDAY IN NOVEMBER RAISED $20,473 FOR THE HEARTS AND HANDS PANTRY.NETTED $37,000 FOR THE ANNUAL APRIL WINE WALK FOR THE COMMUNITY STUDENTS ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stacy Bryant President | OfficerTrustee | 2 | $0 |
Colby Konisek CFO | OfficerTrustee | 2 | $0 |
Vicky Vogel Vice President | OfficerTrustee | 0.5 | $0 |
John Currado Board Member | Trustee | 0.5 | $0 |
Alis Clausen Odenthal Board Member | Trustee | 0.5 | $0 |
Frank Ramirez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $985,401 |
| Noncash contributions included in lines 1a–1f | $518,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,776 |
| Total Program Service Revenue | $136,567 |
| Investment income | $431,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $633 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,586,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $636,878 |
| Grants and other assistance to domestic individuals. | $188,790 |
| 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 | $6,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,398 |
| Fees for services: Other | $136,567 |
| Advertising and promotion | $7,336 |
| Office expenses | $7,836 |
| Information technology | $0 |
| 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 | $6,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $60 |
| Total functional expenses | $1,046,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $7,989,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646,679 |
| Total assets | $8,762,216 |
| Accounts payable and accrued expenses | $16,691 |
| 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 | $16,691 |
| Net assets without donor restrictions | $954,642 |
| Net assets with donor restrictions | $7,790,883 |
| 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 | $8,762,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Antelope Valley College Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Bryant Charitable Foundation Sonoma, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $7,663,046 |
| Earnings | -$937,635 |
| Admin Expense | $255,192 |
| Net Contributions | $147,871 |
| Grants | -$68,155 |
| Ending Balance | $6,686,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |