Antelope Valley College Foundation

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 06/2024, Antelope Valley College Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 5.1% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

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 ANTELOPE VALLEY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE FY ENDING JUNE 30, 2024, THE FOUNDATION ENGAGED IN THE FOLLOWING PROGRAM SERVICE ACTIVITIES:EXCEEDED THE 5 PERCENT GOAL OF GROWING FOUNDATION REVENUE BY 2 PERCENT. EXCEEDED THE 2 PERCENT GOAL OF GROWING UNRESTRICTED OPERATING REVENUE BY 2 PERCENT BY 4 PERCENT. AWARDED 298 SCHOLARSHIPS FOR 157 STUDENTS AND PROVIDED APPROX. $280,000 THE HIGHEST AMOUNT EVER. HELD SCHOLARSHIP MEET AND GREET BREAKFAST WITH DONORS AND SCHOLARSHIP RECIPIENTS IN APRIL 2024. INCREASED THE NUMBER OF DONORS FROM 6,253 TO 6,363 WITH THE AVERAGE GIFT OF $2,457.ENGAGED THE COMMUNITY BY HOLDING THE ANNUAL WINE WALK FUNDRAISER IN APRIL 2024. NETTED $33,000 FOR THE ANNUAL APRIL WINE WALK WHICH FUNDS THE COMMUNITY STUDENTS ENDOWMENT PROVIDING GRANTS FOR FACULTY.PROVIDED $20,500 FOR FACULTY GRANTS.PRODUCED 4 E-NEWSLETTERS TO ALL DONORS. DURING GIVING TUESDAY IN NOVEMBER RAISED $20,270 FOR THE HEARTS AND HANDS PANTRY BASIC NEEDS.


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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$1,093,963
Noncash contributions included in lines 1a–1f $560,001
Total Revenue from Contributions, Gifts, Grants & Similar$1,093,963
Total Program Service Revenue$140,561
Investment income $1,485,431
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $27,268
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,747,718

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