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← VENTURA COUNTY COMMUNITY FOUNDATION COMPLEX ASSET SUPPORTING ORG

Form 990 for tax year 2022

Filed by VENTURA COUNTY COMMUNITY FOUNDATION COMPLEX ASSET SUPPORTING ORG.

Totals

Total revenue
$489,351
Total expenses
$76,337
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,026
Investment income
$455,325
Other revenue
$0
Total assets, end of year
$23,748,581
Total liabilities, end of year
$23,624,148
Net assets or fund balances, end of year
$124,433
Program services expenses (Part IX)
$0
Management and general expenses
$76,337
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: MANAGEMENT FEES

    total $34,026 · related or exempt $34,026

  • 3 · Investment income

    total $534,944 · excluded $534,944

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

    securities $79,619

  • 7c · Gain or loss

    securities -$79,619

  • 7d · Net gain or loss

    total -$79,619 · excluded -$79,619

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $2,857 · management and general $2,857

  • 11c · Fees: accounting

    total $5,955 · management and general $5,955

  • 11f · Fees: investment management

    total $33,499 · management and general $33,499

  • 13 · Office expenses

    total $34,026 · management and general $34,026

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $707,627 · end of year $707,582

  • 11 · Investments: publicly traded securities

    beginning of year $14,099,923 · end of year $23,040,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $5,880

  • 19 · Deferred revenue

    beginning of year $15,277,778 · end of year $23,611,111

  • 25 · Other liabilities

    beginning of year $4,225 · end of year $7,157

  • 27 · Net assets without donor restrictions

    beginning of year -$474,453 · end of year $124,433

Mission and programs · 2022

Mission

TO SUPPORT THE CHARITABLE ACTIVITIES OF VCCF THROUGH THE RECEIPT AND MANAGEMENT OF COMPLEX ASSETS.

  • TO SUPPORT THE CHARITABLE ACTIVITIES OF VCCF THROUGH THE RECEIPT AND MANAGEMENT OF COMPLEX ASSETS.

    Revenue $34,026

As filed on the 2022 return.

Listed in Part VII

  • Scott Hansen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vanessa Bechtel

    SECRETARY

    Total calculated
    $344,587
    From this org
    $0
    From related orgs
    $319,632
    Other
    $24,955
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,452 related
    Bonus
    $0 + $53,180 related
    Other
    $0
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $6,955 related
    Filer's total
    $0 + $344,587 related

  • Bonnie Gilles

    TREASURER

    Total calculated
    $260,901
    From this org
    $0
    From related orgs
    $245,534
    Other
    $15,367
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,459 related
    Bonus
    $0 + $32,075 related
    Other
    $0
    Deferred
    $0 + $14,902 related
    Nontaxable benefits
    $0 + $465 related
    Filer's total
    $0 + $260,901 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
VCCF COMPLEX ASSET SUPPORTING ORGANIZATION (CASO) DOES NOT HAVE ANY EMPLOYEES, ALL INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J, PART II ARE PAID BY VENTURA COUNTY COMMUNITY FOUNDATION (VCCF). COMPENSATION AND PROPOSED INCREASES DETERMINED FOR VCCF SENIOR MANAGEMENT IS COMPARED WITH SALARY DATA PROVIDED BY THE SOUTHERN CALIFORNIA GRANTMAKERS COMPENSATION SURVEY, LEAGUE OF CALIFORNIA COMMUNITY FOUNDATIONS AND COUNCIL ON FOUNDATIONS NATIONAL DATA TO ENSURE REASONABLENESS.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2024
IRS schema version
2022v5.0
Source object
202432259349300773

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