Form 990 for tax year 2023

Totals

Total revenue

$9,146,696

Total expenses

$9,143,413

Contributions and grants received

$736,711

Grants paid

$0

Program service revenue

$8,396,260

Investment income

$39,043

Other revenue

-$25,318

Total assets, end of year

$9,472,069

Total liabilities, end of year

$4,044,447

Net assets or fund balances, end of year

$5,427,622

Program services expenses (Part IX)

$7,137,859

Management and general expenses

$1,968,335

Fundraising expenses

$37,219

Program service expenses (Part III)

$7,137,859

Program services were 78.1% 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.

Mission and programs · 2023

• EDWARD B. COLE SENIOR ACADEMY (EBC) - THE ORGANIZATION OPERATES THE EDWARD B. COLE SR. ACADEMY (A CHARTER SCHOOL) SERVING LOW INCOME FAMILIES IN THE HEART OF SANTA ANA. EBC IS A FREE, PUBLIC CHARTER SCHOOL THAT HAS BEEN SERVING STUDENTS IN TRANSITIONAL KINDERGARTEN THROUGH 5TH GRADE IN SANTA ANA SINCE 2003. DURING THE 2023-2024 SCHOOL YEAR, TCCDC SERVED 428 STUDENTS THROUGH THE EDWARD B. COLE SR. ACADEMY (EBC), A PUBLIC CHARTER ELEMENTARY SCHOOL THAT SERVED THE ECONOMICALLY DISTRESSED FEDERAL EMPOWERMENT ZONE OF SANTA ANA. WITH A DEDICATED TEAM OF TEACHERS AND INSTRUCTIONAL ASSISTANTS (IA), EBC PROVIDES INDIVIDUALIZED SUPPORT FOR STUDENTS INCLUDING IN MATH, SCIENCE, ART, MUSIC, ENGLISH LANGUAGE LEARNING, AND LITERACY. ADDITIONALLY, BY HAVING AN IA ASSIGNED TO EACH CLASSROOM, IA'S CAN MEET WEEKLY WITH STUDENTS TO SET GOALS AND MONITOR THEIR PROGRESS AS WELL AS PROVIDE BEHAVIOR SUPPORT FOR TEACHERS. FURTHER, TCCDC PRIDES ITSELF ON ITS ABILITY TO PROVIDE WRAPAROUND SUPPORTS FOR THE ENTIRE FAMILY INCLUDING OVER 100 ON CAMPUS OPPORTUNITIES FOR OUR FAMILIES AND THE COMMUNITY SUCH AS ACCESS TO LEGADO ACADEMY FOR PARENTS, FREE WEEKLY FOOD DISTRIBUTION, EXTRACURRICULAR ACTIVITIES, ADULT ENGLISH AS A SECOND LANGUAGE (ESL) CLASSES, ADULT COMPUTER CLASSES, AND COMMUNITY EVENTS. THESE SUPPORTS WERE MADE POSSIBLE THROUGH PARTNERSHIPS WITH SEVERAL COMMUNITY ORGANIZATIONS INCLUDING THE PRIORITY CENTER FOR PARENTING CLASSES, UCI EYE MOBILE CLINIC FOR FREE STUDENT EYE EXAMS AND FREE GLASSES, HEART FOR THE CITY FOR COMMUNITY FOOD DISTRIBUTION, PARENT EDUCATION BRIDGE FOR ESL CLASSES, THE CITY OF SANTA ANA FOR EBC STUDENT PERFORMANCES, HEALTHY SMILES FOR STUDENT TEETH CLEANING SERVICES, BRAVO CARDIO CLUB FOR THE STUDENT DANCE ACADEMY, AND US BANK AND BIZWORLD FOR A STUDENT ENTREPRENEUR CAMP. FURTHER, PARENTS TOOK AN ACTIVE ROLE IN THEIR CHILD'S EDUCATION BY LEADING, ORGANIZING, AND ASSISTING IN VARIOUS EVENTS AND PARTICIPATING IN CLASSES, DEMONSTRATING THE POWER OF LEARNING TO THEIR CHILDREN. DUE TO OUR EMPHASIS ON ACADEMIC ACHIEVEMENT AND SERVING THE ENTIRE FAMILY, EBC STUDENTS CONSISTENTLY PERFORM WELL ON STANDARDIZED TESTING COMPARED TO THE REST OF OUR COMMUNITY. NEXT YEAR, TCCDC ANTICIPATES ENROLLMENT TO INCREASE, DEMONSTRATING THE EFFECTIVENESS AND GROWING NEED FOR THIS PROGRAM.

  Expenses $6,515,651 · Revenue $8,022,262

• OPERATION OF COMMUNITY DEVELOPMENT PROGRAMS:THE BANKING ON OUR YOUTH PROGRAM (BOY) IS A HIGHLY EFFECTIVE FINANCIAL LITERACY AND ENTREPRENEURSHIP PROGRAM DESIGNED TO HELP YOUNG PEOPLE IMPROVE THEIR UNDERSTANDING OF FINANCIAL CONCEPTS AND SERVICES. THE PROGRAM AIMS TO EMPOWER YOUNG PEOPLE TO MAKE INFORMED FINANCIAL DECISIONS, ENABLING THEM TO IMPROVE THEIR FINANCIAL WELL-BEING WHILE EQUIPPING THEM WITH THE NECESSARY LEADERSHIP, TEAMWORK, AND ENTREPRENEURSHIP SKILLS TO SUCCEED ACADEMICALLY AND FINANCIALLY. IN LINE WITH OUR VISION, TCCDC CREATED BOY, AN 8-MONTH FINANCIAL LITERACY AND ENTREPRENEURSHIP PROGRAM TO PROVIDE HIGH SCHOOL JUNIORS AND SENIORS WITH THE KNOWLEDGE AND TOOLS TO EFFECTIVELY SHIFT THE LONG-STANDING ECONOMIC NARRATIVE AMONG LOW- AND MODERATE-INCOME FAMILIES AND SET A STRONG FOUNDATION FOR LONG-TERM ECONOMIC MOBILITY. AFTER WITNESSING THE TREMENDOUS IMPACT THIS PROGRAM HAS HAD ON YOUTH IN SANTA ANA FOR THE PAST SEVEN YEARS, TCCDC'S STRATEGIC EFFORTS THIS PAST YEAR INCLUDED EXPANDING BOY AND OTHER PROGRAMMING TO OTHER DIVESTED COMMUNITIES IN ORANGE COUNTY. TCCDC IS PROUD TO SHARE THAT LAST YEAR, FOR THE FIRST TIME, THE BOY PROGRAM EXPANDED TO SERVE STUDENTS FROM ACROSS THE COUNTY! LEGADO ACADEMY - IN RESPONSE TO THE NEEDS EXPRESSED BY OUR FAMILIES AND COMMUNITY PARTNERS, LAST YEAR TCCDC MADE THE STRATEGIC DECISION TO MERGE ITS SUCCESSFUL PARENTING AND FINANCIAL EDUCATION INITIATIVES INTO A SINGLE, COMPREHENSIVE PROGRAM CALLED LEGADO ACADEMY AND TO LEVERAGE OUR PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS TO EXTEND THE REACH OF OUR PROGRAMMING. BY FOCUSING ON TWO KEY DRIVERS OF ECONOMIC MOBILITY PARENT EDUCATION AND FINANCIAL LITERACY AND HARNESSING THE POWER OF COLLABORATION WITH LIKE-MINDED ORGANIZATIONS, LEGADO ACADEMY IS EMPOWERING INDIVIDUALS AND FAMILIES TO OVERCOME FINANCIAL STRESS, PROMOTING GENERATIONAL FINANCIAL HEALTH, AND FOSTERING LONG-TERM FAMILY RESILIENCY. DURING THE 2023-2024 FISCAL YEAR, TCCDC HOSTED 15 COHORTS, REACHING 142 INDIVIDUALS ACROSS 8 SITES THROUGHOUT ORANGE COUNTY! OUR COMMUNITY PARTNERS INCLUDED KIDWORKS, GIRL SCOUTS ORANGE COUNTY, VISTA HERITAGE GLOBAL ACADEMY. THESE PARTNERSHIPS HAVE BEEN SO WELL RECEIVED THAT EXISTING PARTNERS ARE LOOKING TO OFFER ADDITIONAL SESSIONS AND NEW COMMUNITY ORGANIZATIONS ARE EAGER TO PARTNER WITH US. IN JUST ONE YEAR OF OFFERING THIS COMPREHENSIVE PROGRAM MODEL, TCCDC WITNESSED GREATER PARTICIPATION RATES, LESS DROPOUTS, AND A GREATER IMPACT ON PARTICIPANTS AS EVIDENCED BY TESTIMONIALS FROM OUR PARTICIPANTS. TO HONOR THE INDIVIDUALS WHO COMPLETED LEGADO ACADEMY DURING 2023-2024, TCCDC HOSTED A GRADUATION CEREMONY COMPLETE WITH CAPS AND GOWNS FOR THE FIRST TIME. THIS YEAR, TCCDC LOOKS FORWARD TO FURTHER ADVANCING THIS PROGRAM TO ADDRESS BARRIERS TO FINANCIAL STABILITY, BREAK THE CYCLE OF POVERTY, AND PROMOTE EQUITY WITHIN ORANGE COUNTY WHILE SUPPORTING FAMILIES IN BUILDING A LEGACY BY CONTINUING TO EXPAND PROGRAM OFFERINGS ACROSS ORANGE COUNTY THROUGH COMMUNITY PARTNERSHIPS. EMPOWERED SCHOLARS: DURING THE 2023-2024 SCHOOL YEAR, TCCDC SERVED 268 EBC STUDENTS THROUGH THE EMPOWERED SCHOLARS PROGRAM, AN AFTERSCHOOL PROGRAM THAT PROVIDES SOCIAL, EMOTIONAL, COGNITIVE, AND ACADEMIC SUPPORTS AS WELL AS LEADERSHIP PROGRAMS, SPORTS, MENTORSHIP, AND OTHER ENRICHMENT OPPORTUNITIES DELIVERED AT CRITICAL TIMES WHEN CHILDREN MAY OTHERWISE BE LEFT AT HOME UNSUPERVISED. BY WORKING TO ADVANCE EQUITY IN EDUCATION AND HALT THE WIDENING ACHIEVEMENT GAP AMONG STUDENTS FROM ECONOMICALLY MARGINALIZED BACKGROUNDS IN SANTA ANA, EMPOWERED SCHOLARS EFFECTIVELY STRENGTHENS THE BRIDGE BETWEEN SCHOOL, PARENTS, AND THE COMMUNITY TO PROVIDE A PATHWAY FOR STUDENTS FROM SOCIOECONOMICALLY DISADVANTAGED BACKGROUNDS TO REMAIN ON TRACK TOWARDS PURSING HIGHER EDUCATION. THIS PAST YEAR FEATURED A NUMBER OF PARTNERSHIPS THAT ENHANCED PROGRAMMING FOR OUR STUDENTS INCLUDING GIRL SCOUTS WHO PARTNERED WITH EMPOWERED SCHOLARS TO HOST A TROOP FOR STUDENTS, CHILD CREATIVITY LAB WHO HOSTED A FAMILY STEAM NIGHT, SECOND HARVEST FOOD BANK OF ORANGE COUNTY WHO PROVIDED DAILY SNACKS FOR STUDENTS AND MONTHLY FOOD DISTRIBUTION FOR THE COMMUNITY, AND PARENTIS FOUNDATION WHOSE 25 TUTORS SUPPORTED 51 STUDENTS THROUGH THEIR READING PROGRAM. ADDITIONALLY, EMPOWERED SCHOLARS PARTNERED WITH VANGUARD UNIVERSITY TO OFFER 10 INTERNSHIP POSITIONS FOR STUDENTS STUDYING EDUCATION, NURSING, AND SOCIAL WORK, BRINGING ADDITIONAL SUPPORT FOR OUR STUDENTS. FURTHER, EMPOWERED SCHOLARS CONTINUED ITS POPULAR SUMMER CAMP AND HOSTED 196 EBC STUDENTS FROM JUNE 10 TO JULY 11. THIS CAMP FEATURED FUN FRIDAYS WITH DIFFERENT VENDORS, A REPTILE ZOO, WATER DAY, ROCK WALL AND BUNGEE JUMP, MASTER MIND GAMING, AND A FOOD FRENZY. LASTLY, IN RESPONSE TO THE NEEDS OF OUR FAMILIES, EMPOWERED SCHOLARS BEGAN PROVIDING TRANSPORTATION FROM OUR AFTERSCHOOL PROGRAM TO THE STUDENTS' HOMES, ADDRESSING PICK UP ISSUES AND ENABLING STUDENTS TO REMAIN IN THE PROGRAM. EMPOWERED SCHOLARS LOOKS FORWARD TO CONTINUING TO SUPPORT OUR EBC STUDENTS IN A SAFE AND SUPPORTIVE ENVIRONMENT.

  Expenses $622,208 · Revenue $373,998

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

Provenance

Return type

form_990

Tax year

2023

Filed

21 April 2025

IRS schema version

2023v6.0

Source object

202531159349301753

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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