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← DIABLO VALLEY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by DIABLO VALLEY COLLEGE FOUNDATION.

Totals

Total revenue
$986,429
Total expenses
$903,905
Contributions and grants received
$587,261
Grants paid
$296,351
Program service revenue
$0
Investment income
$399,168
Other revenue
$0
Total assets, end of year
$8,156,715
Total liabilities, end of year
$206,027
Net assets or fund balances, end of year
$7,950,688
Program services expenses (Part IX)
$659,158
Management and general expenses
$130,358
Fundraising expenses
$114,389
Program service expenses (Part III)
$659,158

Program services were 72.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $587,261

  • 3 · Investment income

    total $218,869 · excluded $218,869

  • 7a · Gross sales of assets other than inventory

    securities $1,587,138

  • 7b · Less cost or other basis and sales expenses

    securities $1,406,839

  • 7c · Gain or loss

    securities $180,299

  • 7d · Net gain or loss

    total $180,299 · excluded $180,299

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,226 · program services $3,226

  • 2 · Grants to domestic individuals

    total $293,125 · program services $293,125

  • 11b · Fees: legal

    total $340 · program services $170 · management and general $68 · fundraising $102

  • 11c · Fees: accounting

    total $96,774 · program services $48,387 · management and general $19,355 · fundraising $29,032

  • 11f · Fees: investment management

    total $47,016 · management and general $47,016

  • 11g · Fees: other

    total $32,963 · program services $16,663 · management and general $6,302 · fundraising $9,998

  • 12 · Advertising and promotion

    total $4,220 · program services $2,111 · management and general $843 · fundraising $1,266

  • 13 · Office expenses

    total $4,307 · program services $2,148 · management and general $864 · fundraising $1,295

  • 14 · Information technology

    total $11,760 · program services $5,880 · management and general $2,352 · fundraising $3,528

  • 17 · Travel

    total $6,887 · program services $4,110 · management and general $1,111 · fundraising $1,666

  • 19 · Conferences, conventions and meetings

    total $1,650 · program services $825 · management and general $330 · fundraising $495

  • 23 · Insurance

    total $4,700 · program services $2,350 · management and general $940 · fundraising $1,410

  • 24a · Other expenses: CONTRACT SERVICES

    total $144,374 · program services $72,187 · management and general $28,875 · fundraising $43,312

  • 24b · Other expenses: PROGRAM SUPPLIES & MATE

    total $132,526 · program services $132,286 · management and general $96 · fundraising $144

  • 24c · Other expenses: COLLEGE REIMBURSEMENT

    total $57,312 · program services $28,656 · management and general $11,462 · fundraising $17,194

  • 24d · Other expenses: AWARDS/DONOR RECOGNITIO

    total $36,529 · program services $36,214 · management and general $126 · fundraising $189

  • 24e · All other expenses

    total $26,196 · program services $10,820 · management and general $10,618 · fundraising $4,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,538 · end of year $352,197

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,949 · end of year $1,705

  • 11 · Investments: publicly traded securities

    beginning of year $7,457,688 · end of year $7,802,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,717 · end of year $206,027

  • 27 · Net assets without donor restrictions

    beginning of year -$278,193 · end of year -$297,460

  • 28 · Net assets with donor restrictions

    beginning of year $7,926,651 · end of year $8,248,148

Mission and programs · 2023

Mission

THE MISSION OF THE DIABLO VALLEY COLLEGE FOUNDATION IS TO DEVELOP RESOURCES AND RELATIONSHIPS FOR DIABLO VALLEY COLLEGE THAT ENSURE INSTITUTIONAL EXCELLENCE AND THAT RESULT IN A TRULY EXCEPTIONAL EXPERIENCE FOR ITS STUDENTS.

Activities or mission (Part I)

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.

  • PROVIDE ASSISTANCE TO DIABLO VALLEY COLLEGE STUDENTS THROUGH SCHOLARSHIPS AND INSTRUCTIONAL PROGRAM AND SERVICES SUPPORT.

    Expenses $659,158 · Grants $296,351

As filed on the 2023 return.

Listed in Part VII

  • Peter Zaballos

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Gregory Young

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Buckley

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sherman Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mino Sastry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Lamb

    DIRECTOR/PRESIDENT OF DIAB

    Total calculated
    $414,377
    From this org
    $0
    From related orgs
    $337,242
    Other
    $77,135
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,242 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $77,135 related
    Filer's total
    $0 + $414,377 related

  • Liz Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Fernando

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anthony Redondo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Blair

    DIRECTOR OF COLLEGE ADVANC

    Total calculated
    $156,677
    From this org
    $0
    From related orgs
    $154,028
    Other
    $2,649
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,028 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,649 related
    Filer's total
    $0 + $156,677 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
EXECUTIVE DIRECTOR IS PAID BY CONTRA COSTA COMMUNITY COLLEGE DISTRICT, AN UNRELATED ORGANIZATION. OUTSIDE CONSULTANT IS ENGAGED TO PROVIDE COMPARABILITY DATA TO THE DISTRICT'S HR DEPARTMENT. THE CONSULTANT'S RECOMMENDATIONS ARE THEN PRESENTED TO AND APPROVED BY THE GOVERNING BOARD AND BY THE HR DEPARTMENT. THE DISTRICT'S HUMAN RESOURCES DEPARTMENT PERFORMS AN ANNUAL ANALYSIS OF THE MARKET TO DETERMINE COMPENSATION RANGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • DIABLO VALLEY COLLEGE

    $0

    EDUCATIONAL PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202500709349301555

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