Form 990 for tax year 2022
Filed by THE LOS ANGELES VALLEY COLLEGE FOUNDATION.
Totals
- Total revenue
- $2,734,384
- Total expenses
- $740,028
- Contributions and grants received
- $2,553,134
- Grants paid
- $380,615
- Program service revenue
- $0
- Investment income
- $181,250
- Other revenue
- $0
- Total assets, end of year
- $9,561,798
- Total liabilities, end of year
- $482,858
- Net assets or fund balances, end of year
- $9,078,940
- Program services expenses (Part IX)
- $411,425
- Management and general expenses
- $261,734
- Fundraising expenses
- $66,869
- Program service expenses (Part III)
- $411,425
Program services were 55.6% 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.
-
1e · Government grants (contributions)
$80,000
-
1f · All other contributions, gifts and grants
$2,473,134
-
3 · Investment income
total $181,250 · excluded $181,250
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $246,265 · program services $246,265
-
2 · Grants to domestic individuals
total $134,350 · program services $134,350
-
5 · Compensation of officers, directors and key employees
total $58,183 · program services $8,728 · management and general $32,001 · fundraising $17,454
-
11c · Fees: accounting
total $55,318 · management and general $55,318
-
11f · Fees: investment management
total $45,294 · management and general $45,294
-
11g · Fees: other
total $147,217 · program services $22,082 · management and general $80,969 · fundraising $44,166
-
13 · Office expenses
total $31,554 · management and general $28,014 · fundraising $3,540
-
23 · Insurance
total $3,987 · management and general $3,987
-
24a · Other expenses: BAD DEBT
total $12,970 · management and general $12,970
-
24b · Other expenses: AWARDS
total $3,418 · management and general $1,709 · fundraising $1,709
-
24c · Other expenses: DONOR/BOARD RELATIONS
total $1,472 · management and general $1,472
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $257,150 · end of year $125,641
-
2 · Savings and temporary cash investments
beginning of year $178,249 · end of year $2,225,744
-
3 · Pledges and grants receivable
end of year $1,400
-
11 · Investments: publicly traded securities
beginning of year $6,783,372 · end of year $7,180,417
-
12 · Investments: other securities
beginning of year $44,100 · end of year $28,596
-
17 · Accounts payable and accrued expenses
beginning of year $117,994 · end of year $42,952
-
25 · Other liabilities
beginning of year $538,727 · end of year $439,906
-
27 · Net assets without donor restrictions
beginning of year $626,750 · end of year $607,447
-
28 · Net assets with donor restrictions
beginning of year $5,979,400 · end of year $8,471,493
Mission and programs · 2022
Mission
PROMOTE THE EDUCATIONAL SKILLS OF STUDENTS THROUGH SCHOLARSHIPS AND GRANTS.
-
PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS AND STUDENT ORGANIZATIONS FOR EDUCATIONAL PURPOSES.
Expenses $411,425 · Grants $380,615
As filed on the 2022 return.
Listed in Part VII
-
Imelda PadillaIMELDA PADILLA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jason SchaffJASON SCHAFF
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Sarah SongSARAH SONG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sharon J UdkoffSHARON J UDKOFF
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Pat BallewPAT BALLEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elaine BaylorELAINE BAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel De LauroRACHEL DE LAURO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth PenuelaELIZABETH PENUELA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas SouleTHOMAS SOULE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Araz ParseghianARAZ PARSEGHIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony QuirogaANTHONY QUIROGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie Dixon-SilvaJULIE DIXON-SILVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew DurkanMATTHEW DURKAN
EXECUTIVE DIRECTOR
- Total calculated
- $9,505
- From this org
- $7,119
- From related orgs
- $0
- Other
- $2,386
- 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
-
LAVC DEPTS & PROJECTS
$246,265
EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421379349300712
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