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Nonprofiteer
← ONEFUTURE COACHELLA VALLEY

Form 990 for tax year 2022

Filed by ONEFUTURE COACHELLA VALLEY.

Totals

Total revenue
$3,266,058
Total expenses
$2,191,323
Contributions and grants received
$2,512,754
Grants paid
$399,750
Program service revenue
$745,131
Investment income
$7,933
Other revenue
$240
Total assets, end of year
$2,289,685
Total liabilities, end of year
$179,072
Net assets or fund balances, end of year
$2,110,613
Program services expenses (Part IX)
$1,891,073
Management and general expenses
$300,250
Fundraising expenses
$0
Program service expenses (Part III)
$1,891,073

Program services were 86.3% 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.

  • 1c · Fundraising events

    $42,308

  • 1e · Government grants (contributions)

    $35,000

  • 1f · All other contributions, gifts and grants

    $2,435,446

  • 2a · Program service revenue: Fee for services

    total $745,131 · related or exempt $745,131

  • 3 · Investment income

    total $7,933 · excluded $7,933

  • 8a · Fundraising events: gross income

    $35,401

  • 8a · Fundraising events: contributions included on line 1c

    $42,308

  • 8b · Fundraising events: direct expenses

    $35,401

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other income

    total $240 · excluded $240

  • 11e · Other revenue, total

    $240

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $399,750 · program services $399,750

  • 5 · Compensation of officers, directors and key employees

    total $251,144 · program services $199,360 · management and general $51,784

  • 7 · Other salaries and wages

    total $749,074 · program services $599,259 · management and general $149,815

  • 8 · Pension plan contributions

    total $19,203 · program services $19,203

  • 9 · Other employee benefits

    total $95,133 · program services $84,644 · management and general $10,489

  • 10 · Payroll taxes

    total $82,672 · program services $55,315 · management and general $27,357

  • 11c · Fees: accounting

    total $72,277 · program services $50,863 · management and general $21,414

  • 11g · Fees: other

    total $300,912 · program services $275,338 · management and general $25,574

  • 12 · Advertising and promotion

    total $37,013 · program services $33,432 · management and general $3,581

  • 13 · Office expenses

    total $9,471 · program services $9,471

  • 14 · Information technology

    total $18,172 · program services $16,355 · management and general $1,817

  • 16 · Occupancy

    total $39,871 · program services $35,884 · management and general $3,987

  • 17 · Travel

    total $16,372 · program services $14,735 · management and general $1,637

  • 19 · Conferences, conventions and meetings

    total $71,222 · program services $71,222

  • 22 · Depreciation, depletion and amortization

    total $8,150 · program services $7,335 · management and general $815

  • 23 · Insurance

    total $5,626 · program services $5,063 · management and general $563

  • 24a · Other expenses: Miscellaneous expenses

    total $12,000 · program services $10,800 · management and general $1,200

  • 24b · Other expenses: Membership dues

    total $1,360 · program services $1,224 · management and general $136

  • 24c · Other expenses: Research

    total $990 · program services $990

  • 24d · Other expenses: Facilities/equip.

    total $814 · program services $733 · management and general $81

  • 24e · All other expenses

    total $97 · program services $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,627 · end of year $124,865

  • 2 · Savings and temporary cash investments

    beginning of year $456,490 · end of year $997,674

  • 3 · Pledges and grants receivable

    beginning of year $485,739 · end of year $1,145,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,126 · end of year $11,607

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

    $170,126

  • 10b · Land, buildings and equipment: accumulated depreciation

    $159,814

  • 10c · Land, buildings and equipment, net

    beginning of year $16,373 · end of year $10,312

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,033 · end of year $166,572

  • 19 · Deferred revenue

    beginning of year $51,444 · end of year $12,500

  • 27 · Net assets without donor restrictions

    beginning of year $366,956 · end of year $551,080

  • 28 · Net assets with donor restrictions

    beginning of year $668,922 · end of year $1,559,533

Mission and programs · 2022

Mission

See Schedule O

Activities or mission (Part I)

OneFuture Coachella Valley exists to assure students succeed in college, career, and life -expanding and enhancing the local workforce so that our youth and economy thrive.

  • - Led the development and implementation of the Coachella Valley's first Regional Plan for College & Career Success, aligning the resources of school districts, higher education, employers, and the community to improve educational attainment.- Full commitment and collaboration from all local school districts.- Catalyzed employer support for students as the future workforce, providing internships and mentoring in healthcare, technology, hospitality, and media.- 7,758 high school students (36%) learning in 30 Career Academies (up from 5 in 2005), 18 Pathway Programs, 11 AVID programs and 6 ROTC programs (Source: School district Regional Plan collaboration data).- 42% increase in regional college readiness/A-G completion, 2012-2019 (Source: Riverside County Office of Education).- College readiness as measured by A-G completion increased from 26.2% in 2012 to 45% in 2022. (Source: Riverside County Office of Education).- 18% increase in college enrollment through 2020 (Source: Riverside County Office of Education).- Since 2009-2021, OneFuture scholarship recipients have completed 1,165 bachelor degrees, 488 associate degrees, 171 master degrees, 17 doctoral degrees, 87 certificates and 4 credentials (Source: HARC and National Student Clearinghouse).- Awarded $17.5 million in scholarships to 3,100 low-income students as of 2022 (Source: OneFuture).- Provided matching funds to 30 local nonprofits (Source: OneFuture).- Increased financial aid capture: 99% of OFCV scholarship recipients receive financial aid in addition to the OFCV scholarship, vs. 83% of students nationally.- 52% increase in valley-wide FAFSA (Free Application for Federal Student Aid) completion, capturing an additional estimated $2.6 million in financial aid annually (Source: OneFuture).- Provided 255 college juniors and seniors with full time, paid summer internships in healthcare, linking them to local employers for a total of $1M + in wages; 61 sites (Source: OneFuture).- 95% Persisted: reenrolled into the next academic year. (OneFuture 2022-2023 Cohort).

    Expenses $1,891,073 · Grants $399,750 · Revenue $745,131

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Sandra Lyon

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • Carlos Campos

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • George Batavick

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Kate Anderson

    Board Member (start 3/23)

    Total calculated
    $0
    Hours/week
    1

  • Pete Del Rio

    Board Member (end 6/23)

    Total calculated
    $0
    Hours/week
    1

  • Michele Finney

    Board Member (start 6/23)

    Total calculated
    $0
    Hours/week
    1

  • Keith Jepson

    Board Member (end 6/23)

    Total calculated
    $0
    Hours/week
    1

  • Julia Lopez

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bahareh Kamoei

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Kelly May-Vollmar

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Judith White

    Board Member (end 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Sheila Thornton

    President & CEO

    Total calculated
    $139,998
    From this org
    $122,039
    From related orgs
    $0
    Other
    $17,959
    Hours/week
    40

  • Jacqui Tricco

    Business & Finance Manager

    Total calculated
    $96,489
    From this org
    $91,997
    From related orgs
    $0
    Other
    $4,492
    Hours/week
    40

  • Kim McNulty

    Vice Pres. Regional Strategy

    Total calculated
    $110,328
    From this org
    $109,707
    From related orgs
    $0
    Other
    $621
    Hours/week
    40

  • Ernie Rios

    Vice Pres. College Success

    Total calculated
    $119,747
    From this org
    $103,265
    From related orgs
    $0
    Other
    $16,482
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441309349305414

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

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