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← MISSION WEST VALLEY EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by MISSION WEST VALLEY EDUCATIONAL FOUNDATION.

Totals

Total revenue
$6,881,643
Total expenses
$5,585,871
Contributions and grants received
$0
Grants paid
$5,293,382
Program service revenue
$5,512,403
Investment income
$1,369,240
Other revenue
$0
Total assets, end of year
$81,748,747
Total liabilities, end of year
$50,515,006
Net assets or fund balances, end of year
$31,233,741
Program services expenses (Part IX)
$5,293,382
Management and general expenses
$292,489
Fundraising expenses
$0
Program service expenses (Part III)
$5,293,382

Program services were 94.8% 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.

  • 2a · Program service revenue: SUBLEASE RENTS & FEES

    total $5,512,403 · related or exempt $5,512,403

  • 3 · Investment income

    total $1,222,816 · excluded $1,222,816

  • 7a · Gross sales of assets other than inventory

    securities $5,293,290

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

    securities $5,146,866

  • 7c · Gain or loss

    securities $146,424

  • 7d · Net gain or loss

    total $146,424 · related or exempt $146,424

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,293,382 · program services $5,293,382

  • 11b · Fees: legal

    total $70,597 · management and general $70,597

  • 11c · Fees: accounting

    total $22,100 · management and general $22,100

  • 11f · Fees: investment management

    total $51,522 · management and general $51,522

  • 22 · Depreciation, depletion and amortization

    total $14,977 · management and general $14,977

  • 24a · Other expenses: CONSULTING

    total $132,582 · management and general $132,582

  • 24b · Other expenses: TAXES AND LICENSES

    total $594 · management and general $594

  • 24c · Other expenses: BANK SERVICE CHARGE

    total $117 · management and general $117

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,421,170 · end of year $647,845

  • 2 · Savings and temporary cash investments

    beginning of year $13,872,398 · end of year $14,639,350

  • 4 · Accounts receivable

    beginning of year $168,219 · end of year $235,857

  • 10a · Land, buildings and equipment: cost or other basis

    $16,702

  • 10c · Land, buildings and equipment, net

    beginning of year $16,702 · end of year $16,702

  • 11 · Investments: publicly traded securities

    beginning of year $10,810,011 · end of year $11,560,959

  • 15 · Other assets

    beginning of year $51,777,538 · end of year $54,648,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,111,162 · end of year $831,615

  • 19 · Deferred revenue

    beginning of year $581,854 · end of year $236,400

  • 25 · Other liabilities

    beginning of year $49,177,511 · end of year $49,446,991

  • 27 · Net assets without donor restrictions

    beginning of year $27,195,511 · end of year $31,233,741

Mission and programs · 2023

Mission

PROMOTE GENERAL WELFARE FOR THE PUBLIC OF WEST VALLEY MISSION COMMUNITY COLLEGE DISTRICT THROUGH THE UTILIZATION OF PROPER FACILITIES AND CREATION OF PROGRAMS THAT ENRICH EDUCATIONAL, CULTURAL AND COMMUNITY SERVICES OPPORTUNITIES.

  • ALL GRANTS MADE TO WEST VALLEY MISSION COMMUNITY COLLEGE DISTRICT TO PROMOTE GENERAL WELFARE FOR THE PUBLIC.

    Expenses $3,915,281 · Grants $3,915,281

  • PAYMENT MADE TO WEST VALLEY MISSION COMMUNITY COLLEGE DISTRICT FOR LEASE OF LAND HELD FOR EXEMPT PURPOSE.

    Expenses $1,378,101 · Grants $1,378,101

As filed on the 2023 return.

Listed in Part VII

  • Karl Watanabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Kepner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adrienne Grey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Fish

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Randi Kinman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ngoc Chim

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Bradley Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mary-Lynne Bernald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • WEST VALLEY MISSION COMMUNITY COLLEGE

    $5,293,382

    SUPPORT FOR EDUCATIONAL PROGRAMS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WEST VALLEY MISSION COMMUNITY COLLEGE

    GOVERNMENT · COMMUNITY COLLEGE · CA

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403199349308210

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