Form 990 for tax year 2022

Totals

Total revenue

$9,861,926

Total expenses

$9,087,643

Contributions and grants received

$1,119,208

Grants paid

$0

Program service revenue

$8,704,616

Investment income

$38,102

Other revenue

$0

Total assets, end of year

$8,240,939

Total liabilities, end of year

$2,839,292

Net assets or fund balances, end of year

$5,401,647

Program services expenses (Part IX)

$7,545,337

Management and general expenses

$1,483,854

Fundraising expenses

$58,452

Program service expenses (Part III)

$7,545,337

Program services were 83.0% 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.

Mission and programs · 2022

• 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. OVER THE PAST TWO YEARS, EBC INCREASED THE BREADTH OF ITS EXPANDED LEARNING PROGRAMMING TO INCLUDE TARGETED, EXTRACURRICULAR ACTIVITIES DESIGNED TO ADVANCE EQUITY IN EDUCATION AND HALT THE WIDENING ACHIEVEMENT GAP AMONG LOW-INCOME, SOCIALLY MARGINALIZED STUDENTS OF COLOR IN OUR COMMUNITY. EBC ENROLLED APPROXIMATELY 400 STUDENTS.

  Expenses $7,390,776 · Revenue $8,704,616

• 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. THE PROGRAM HAS BEEN SUCCESSFUL IN PROVIDING $ 15,000 IN SCHOLARSHIPS AND 47 LAPTOPS TO ITS PARTICIPANTS. ALL 47 HIGH SCHOOL STUDENTS WHO PARTICIPATED IN THE PROGRAM SUCCESSFULLY COMPLETED IT AND ENTERED A COLLEGE OR UNIVERSITY THE FOLLOWING ACADEMIC YEAR. OFFERED 6 IN-PERSON CLASS SESSIONS THAT PROVIDED 47 STUDENTS WITH TOPICS SUCH AS MONEY HABITS, SPENDING PLANS, USING CREDIT, HOW INVESTING WORKS, ETC. PROVIDED 40 STUDENTS WITH IMMERSIVE FIELD TRIPS AT VARIOUS LOCAL BUSINESSES IN ORANGE COUNTY WITH THE PURPOSE OF GLEANING INDUSTRY KNOWLEDGE ON HOW TO RUN A SUCCESSFUL BUSINESS. CREATED ENTREPRENEURSHIP/MENTORSHIP OPPORTUNITIES FOR 100% OF STUDENTS ENROLLED IN THE PROGRAM THAT ENCOURAGED THEM TO LEARN HOW TO START A BUSINESS WITH THE COACHING OF THEIR MENTORS. THE 2022-2023 BOY PROGRAM CONCLUDED ON APRIL 29, 2023, WITH AN AWARDS CEREMONY FOR PROGRAM PARTICIPANTS. THANKS TO GRANT FUNDING FROM PACIFIC PREMIER BANK, ALL 47 STUDENTS RECEIVED $350 TOWARDS THEIR STUDENT SAVINGS ACCOUNTS. OF THE 47 STUDENTS WHO PARTICIPATED IN THE SMALL BUSINESS COMPETITION, THE TOP 4 TEAMS WERE AWARDED A TOTAL OF $25,000 IN FINANCIAL SCHOLARSHIPS THAT WILL SUPPORT OUR STUDENTS' POST-SECONDARY ENDEAVORS. THE BOY PROGRAM HAS BEEN INSTRUMENTAL IN PROVIDING STUDENTS WITH REAL-LIFE SKILLS, ENABLING THEM TO MAKE INFORMED DECISIONS ABOUT THEIR FINANCES AND TAKE CONTROL OF THEIR FINANCIAL FUTURES, AND DEMONSTRATING AN EXCELLENT UNDERSTANDING OF FINANCIAL CONCEPTS AND SERVICES. BY PARTICIPATING IN THE PROGRAM, STUDENTS HAVE GAINED VALUABLE LEADERSHIP, TEAMWORK, AND ENTREPRENEURSHIP SKILLS THAT WILL SERVE THEM WELL THROUGHOUT THEIR LIVES.PARENT PROJECT: TCCDC'S PARENT PROJECT, FORMERLY CALLED SANTA ANA PARENT PROJECT, IS A PEER-TO-PEER EDUCATIONAL PROGRAM DEDICATED TO EMPOWERING PARENTS AND CAREGIVERS OF CHILDREN IN SANTA ANA WITH THE INFORMATION, SKILLS, AND RESOURCES THEY NEED TO IMPROVE THEIR FAMILY'S SELF-SUFFICIENCY AND SUPPORT THE HEALTHY DEVELOPMENT OF THEIR CHILDREN. THIS PAST YEAR, THE PARENT PROJECT DELIVERED TO 9 COHORTS OF PARTICIPANTS AT 8 SCHOOLS AND 1 CHURCH. TRAINED 18 PARENT VOLUNTEERS (INCLUDING 9 NEW PARENT VOLUNTEERS RECRUITED THIS YEAR) AND 7 PARENT COUNCIL LEADERS TO BECOME PEER TRAINERS TO ADMINISTER THE PROGRAM. THIS INCLUDED HOSTING 2 WORKSHOPS THAT FOCUSED ON COMPUTER LITERACY AND MENTAL HEALTH. CELEBRATED 216 PARENTS WHO COMPLETED THE 13-WEEK RAISING HIGHLY CAPABLE KIDS CURRICULUM, A PEER-TO-PEER, EVIDENCE-BASED CURRICULUM THAT HAS BEEN DELIVERED SINCE THE PROGRAM'S INCEPTION. LAUNCHED PARENTS ON A MISSION CURRICULUM FOCUSES ON MENDING BROKEN RELATIONSHIPS AND HELPING PARENTS FIND INTERNAL PEACE BY OVERCOMING PAST ISSUES. ADDED AS A SECOND STEP AFTER THE RAISING HIGHLY CAPABLE KIDS CURRICULUM, WE PROUDLY ANNOUNCE THAT 41 PARENTS COMPLETED THIS SECOND CURRICULUM! EDUCATED 227 UNIQUE PARENT PROGRAM PARTICIPANTS ON IMPROVING THEIR FAMILY'S FINANCIAL STABILITY AND TRANSFORMING THEIR CHILDREN'S LONG-TERM BEHAVIORAL AND ACADEMIC TRAJECTORY, IMPACTING THE LIVES OF AN ESTIMATED 680 CHILDREN IN OUR COMMUNITY.SEGURO FAMILY FINANCIAL EMPOWERMENT CENTER (SEGURO): SEGURO IS A COMPREHENSIVE FINANCIAL EDUCATION PROGRAM THAT EMPOWERS INDIVIDUALS WITH THE SKILLS, KNOWLEDGE, AND AWARENESS TO OBTAIN THEIR FINANCIAL GOALS AND WELLNESS THROUGH FINANCIAL PATHWAY CLASSES, COUNSELING, AND COACHING. THIS TRANSFORMATIVE PROGRAM HELPS INDIVIDUALS CHANGE THEIR FINANCIAL BEHAVIOR AND PATTERNS AND ULTIMATELY CONTRIBUTES TO THE REVITALIZATION AND STABILIZATION OF OUR COMMUNITY. THIS PAST YEAR, THE SEGURO PROGRAM ENGAGED 92 PEOPLE IN AT LEAST ONE KEY SEGURO PROGRAM INITIATIVE, INCLUDING FINANCIAL LITERACY CLASSES AND HOME OWNERSHIP WORKSHOPS. DELIVERED A TOTAL OF 26 FINANCIAL LITERACY CLASSES FOR 4 COHORTS OF PROGRAM PARTICIPANTS. AS A RESULT, 100% OF PROGRAM PARTICIPANTS INDICATED THEY ARE ACTIVELY WORKING TOWARDS PAYING OFF THEIR DEBTS, 100% COMPLETED A FINANCIAL BUDGET, 100% REPORTED EXPERIENCING AN INCREASED LEVEL OF CONFIDENCE IN ACHIEVING A FINANCIAL GOAL, 100% REPORTED GAINING KNOWLEDGE OF THE TOOLS OR INFORMATION NECESSARY TO MANAGE THEIR MONEY, AND 100% INDICATED AN INCREASED LEVEL OF COMFORT ABOUT MANAGING A BUDGET. HOSTED 2 HOMEOWNERSHIP WORKSHOPS WITH 34 INDIVIDUALS IN ATTENDANCE. MATCHED 51 SEGURO PARTICIPANTS AND FINANCIAL COACHES AS MENTOR/MENTEESEMPOWERED SCHOLARS: THE EMPOWERED SCHOLARS PROGRAM BY TCCDC PROVIDED ENRICHMENT INITIATIVES TO EBC STUDENTS OUTSIDE OF SCHOOL, INCLUDING HOMEWORK HELP, LITERACY SUPPORT, STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS) ENRICHMENT, AND SOCIAL-EMOTIONAL LEARNING ACTIVITIES. THE PROGRAM GAVE STUDENTS ACCESS TO EXPERIENCES THEY TYPICALLY WOULD NOT HAVE HAD AND PROVIDED PERSONALIZED SUPPORT TO MEET THEIR ACADEMIC AND DEVELOPMENTAL NEEDS. THIS PLAYED AN INSTRUMENTAL ROLE IN THE OVERALL SUCCESS OF EBC STUDENTS. DURING THE 2022-2023 FISCAL YEAR, THE EMPOWERED SCHOLARS PROGRAM ACHIEVED THE FOLLOWING MILESTONES. EMPOWERED SCHOLARS SERVED 280 EBC STUDENTS THROUGHOUT THE SCHOOL YEAR WITH AN ASTONISHING 94% AVERAGE DAILY ATTENDANCE RATE! MORE THAN DOUBLED OUR STAFF, WHO WORKED CLOSELY WITH EBC STAFF TO ENSURE ONE COHESIVE COMMUNITY FOR OUR STUDENTS AND FAMILIES. HOSTED 17 INTERNS THROUGH OUR PARTNERSHIP WITH CALIFORNIA STATE FULLERTON AND VANGUARD UNIVERSITY. THIS PROVIDED CARING ADULT ROLE MODELS TO OUR STUDENTS WHILE ALSO GIVING THESE YOUNG PROFESSIONALS VALUABLE WORK EXPERIENCE AS THEY WORK TOWARDS THEIR TEACHING CREDENTIALS. SERVED 100 STUDENTS ON-SITE AT THE 2022 SUMMER CAMP AND LAUNCHED A SECOND SUMMER CAMP AT A COMMUNITY-BASED LOCATION THAT SERVED 50 CHILDREN IN THE COMMUNITY. HAD A TUTOR IN EVERY CLASSROOM (A TOTAL OF 13 TUTORS!) THAT ASSISTED STUDENTS WITH HOMEWORK AND SUPPORTED THEIR ACADEMIC STUDIES. IN PARTNERSHIP WITH THE PARENTIS FOUNDATION, THE EXPERIENCE CORPS OC INTERGENERATIONAL LITERACY PROGRAM PAIRED 25 OLDER ADULTS WITH 65 STUDENTS WHO DEMONSTRATED THE MOST SIGNIFICANT LEARNING LOSSES AND LITERACY DEFICITS. THE GOAL WAS TO IMPROVE LITERACY SKILLS, READING FLUENCY, AND READING COMPREHENSION THROUGH ONE-ON-ONE TUTORING SESSIONS. FACILITATED FIVE FIELD TRIPS, INCLUDING TO THE SAN DIEGO ZOO, BOOMERS PARK, AND THE MOVIE THEATRE. ADDED A BEHAVIORAL TEAM OF 2-3 PROFESSIONALS IN THE FIELD OF PSYCHOLOGY WHO CONDUCTED 1:1 AND/OR GROUP THERAPY SESSIONS WITH FAMILIES AND STUDENTS. THEY SUPERVISED A TEAM OF UNIVERSITY-LEVEL INTERNS TO ASSIST CHILDREN WITH BEHAVIORAL AND/OR MENTAL HEALTH CHALLENGES WITH INDIVIDUALIZED CLASSROOM SUPPORT. COLLABORATED WITH A NUMBER OF COMMUNITY-BASED ORGANIZATIONS, INCLUDING SECOND HARVEST FOOD BANK, GIRLS SCOUTS, BOYS HOPE GIRLS HOPE, AND CHILD CREATIVITY LAB.EMERGENCY ASSISTANCE IT IS HEARTENING TO NOTE THAT DESPITE THE UNPRECEDENTED CHALLENGES FACED BY THE COMMUNITIES WE SERVE, WE HAVE RISEN TO THE OCCASION AND EXTENDED OUR SUPPORT TO THOSE IN NEED. OUR EFFORTS HAVE RESULTED IN THE DISTRIBUTION OF FOOD BOXES TO 400 FAMILIES EVERY WEEK, COMPRISING OVER 50 LBS OF DRY AND PERISHABLE GOODS SUCH AS MILK, BEANS, RICE, FRESH FRUITS AND VEGETABLES, JUICES, PROTEIN BARS, CRACKERS, AND MORE. ADDITIONALLY, WE HAVE ALSO PROVIDED FINANCIAL ASSISTANCE TO 15 FAMILIES, TOTALING A GENEROUS SUM OF $6,500. WE REMAIN COMMITTED TO DOING OUR PART TO ADDRESS THE IMMEDIATE NEEDS OF OUR COMMUNITY AND LOOK FORWARD TO CONTINUING OUR EFFORTS IN THE FUTURE.AS A TRUSTED COMMUNITY PARTNER, WE FOCUS ON COLLABORATING WITH COMMUNITY GROUPS TO BROADEN OUR REACH TO OTHER PARTS OF ORANGE COUNTY, MOBILIZE COMMUNITY PARTNERS, AND DEVELOP EFFECTIVE AND MEANINGFUL SOLUTIONS THAT WILL LEAD TO POSITIVE OUTCOMES FOR FAMILIES IN OUR COMMUNITY.

  Expenses $154,561

As filed on the 2022 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

2022

Filed

7 May 2024

IRS schema version

2022v5.0

Source object

202431369349319533

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

The source document this was parsed from is served over the API, which is where bulk and document access live.