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Nonprofiteer
← DIABLO VALLEY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by DIABLO VALLEY COLLEGE FOUNDATION.

Totals

Total revenue
$1,153,955
Total expenses
$997,456
Contributions and grants received
$817,017
Grants paid
$228,846
Program service revenue
$0
Investment income
$336,938
Other revenue
$0
Total assets, end of year
$8,667,447
Total liabilities, end of year
$171,312
Net assets or fund balances, end of year
$8,496,135
Program services expenses (Part IX)
$705,368
Management and general expenses
$183,910
Fundraising expenses
$108,178
Program service expenses (Part III)
$705,368

Program services were 70.7% 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

    $817,017

  • 1g · Noncash contributions included above

    $214,488

  • 3 · Investment income

    total $247,526 · excluded $247,526

  • 7a · Gross sales of assets other than inventory

    securities $1,915,316

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

    securities $1,825,904

  • 7c · Gain or loss

    securities $89,412

  • 7d · Net gain or loss

    total $89,412 · excluded $89,412

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,971 · program services $45,971

  • 2 · Grants to domestic individuals

    total $182,875 · program services $182,875

  • 7 · Other salaries and wages

    total $38,978 · program services $10,914 · management and general $21,438 · fundraising $6,626

  • 11b · Fees: legal

    total $104 · program services $52 · management and general $21 · fundraising $31

  • 11c · Fees: accounting

    total $91,480 · program services $9,422 · management and general $50,359 · fundraising $31,699

  • 11f · Fees: investment management

    total $56,298 · management and general $56,298

  • 11g · Fees: other

    total $187,029 · program services $101,413 · management and general $32,188 · fundraising $53,428

  • 12 · Advertising and promotion

    total $8,033 · program services $6,659 · management and general $964 · fundraising $410

  • 13 · Office expenses

    total $278,642 · program services $259,730 · management and general $14,718 · fundraising $4,194

  • 14 · Information technology

    total $7,334 · program services $1,243 · management and general $497 · fundraising $5,594

  • 17 · Travel

    total $4,586 · program services $2,223 · management and general $1,004 · fundraising $1,359

  • 19 · Conferences, conventions and meetings

    total $4,173 · program services $2,992 · management and general $472 · fundraising $709

  • 23 · Insurance

    total $2,455 · program services $1,227 · management and general $491 · fundraising $737

  • 24a · Other expenses: COLLEGE REIMBURSEMENT

    total $56,312 · program services $56,312

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $12,631 · program services $7,196 · management and general $4,160 · fundraising $1,275

  • 24c · Other expenses: ACTIVITIES

    total $11,863 · program services $9,005 · management and general $1,127 · fundraising $1,731

  • 24d · Other expenses: AWARDS

    total $7,700 · program services $7,700

  • 24e · All other expenses

    total $992 · program services $434 · management and general $173 · fundraising $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,197 · end of year $344,351

  • 9 · Prepaid expenses and deferred charges

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

  • 11 · Investments: publicly traded securities

    beginning of year $7,425,743 · end of year $7,935,778

  • 12 · Investments: other securities

    beginning of year $377,070 · end of year $385,613

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,027 · end of year $171,312

  • 27 · Net assets without donor restrictions

    beginning of year -$297,460 · end of year $222,144

  • 28 · Net assets with donor restrictions

    beginning of year $8,248,148 · end of year $8,273,991

Mission and programs · 2024

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.

  • THE FOUNDATION PROVIDED BROADER INSTRUCTIONAL PROGRAM SUPPORT, CAMPUS INITIATIVES, AND STUDENT SERVICES ALIGNED WITH ITS MISSION TO ENHANCE EDUCATIONAL ACCESS AND SUCCESS. THESE EFFORTS INCLUDE FUNDING FOR ACADEMIC PROGRAMS, STUDENT ENGAGEMENT ACTIVITIES, AND INSTITUTIONAL SUPPORT.

    Expenses $396,643 · Grants $45,971

  • SCHOLARSHIPS, STUDENT SAFETY NET, AND BASIC NEEDS SUPPORT: AWARDED SCHOLARSHIPS TO MORE THAN 210 STUDENTS AND PROVIDED EMERGENCY GRANTS, FOOD SUPPORT, AND BASIC NEEDS SERVICES. THESE PROGRAMS ADDRESS FINANCIAL BARRIERS, SUPPORT STUDENTS IN TIMES OF CRISIS, AND IMPROVE RETENTION AND COMPLETION OUTCOMES.

    Expenses $182,875 · Grants $182,875

  • ALUMNI ASSOCIATION IMPACT: STRENGTHENED CONNECTIONS BETWEEN STUDENTS AND ALUMNI THROUGH MENTORSHIP, CAREER EXPLORATION, AND ENGAGEMENT OPPORTUNITIES. STUDENTS GAIN REAL-WORLD INSIGHT, PROFESSIONAL NETWORKS, AND A STRONGER SENSE OF BELONGING. ALUMNI DEEPEN THEIR CONNECTION TO THE COLLEGE, CREATING A SUSTAINABLE CYCLE OF SUPPORT FOR FUTURE STUDENTS.

    Expenses $107,350

  • EXPERIENTIAL LEARNING: SUPPORTED EXPERIENTIAL LEARNING THROUGH INTERNSHIPS AND PROJECT-BASED PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS. AN ESTIMATED 50-75 STUDENTS PARTICIPATED, RECEIVING STIPENDS AND FACULTY MENTORSHIP. THESE OPPORTUNITIES BUILD CAREER SKILLS, EXPAND INDUSTRY EXPOSURE, AND IMPROVE STUDENT PERSISTENCE AND COMPLETION OUTCOMES.

    Expenses $18,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Blair

    FOUNDATION DIRECTOR

    Total calculated
    $53,012
    From this org
    $42,252
    From related orgs
    $0
    Other
    $10,760
    Hours/week
    10

  • 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

    PRESIDENT OF DIABLO VALLEY COLLEGE

    Total calculated
    $0
    Hours/week
    2

  • 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

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.

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
THE FOUNDATION DOES NOT ESTABLISH THE COMPENSATION OF THE FOUNDATION DIRECTOR. COMPENSATION IS DETERMINED BY CONTRA COSTA COMMUNITY COLLEGE DISTRICT, AN UNRELATED ORGANIZATION, AND THE FOUNDATION RELIED ON THE DISTRICT TO ESTABLISH COMPENSATION.
SCHEDULE J, PART II:
JIM BLAIR, THE FOUNDATION DIRECTOR, WAS PAID BY CONTRA COSTA COMMUNITY COLLEGE DISTRICT, AN UNRELATED ORGANIZATION. HE PERFORMS SERVICES FOR THE COLLEGE AS DIRECTOR OF COLLEGE ADVANCEMENT AND FOR THE FOUNDATION AS FOUNDATION DIRECTOR. JIM BLAIR RECEIVED TOTAL COMPENSATION OF $212,912 FOR THE 2024 CALENDAR YEAR FOR WHICH APPROXIMATELY 25% OF HIS TIME IS ALLOCATED TO THE FOUNDATION. HOURS REPORTED ON PART VII, LINE 1A, REPRESENT HIS AVERAGE HOURS PER WEEK DEVOTED TO HIS POSITION WITH THE FOUNDATION. ACCORDINGLY, ONLY 25% OF W-2 COMPENSATION IS REPORTED IN PART VII.

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

    $45,971

    EDUCATIONAL PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611349349312821

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