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← VENTURA COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by VENTURA COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$17,600,438
Total expenses
$13,689,404
Contributions and grants received
$11,604,983
Grants paid
$9,274,366
Program service revenue
$1,283,017
Investment income
$4,712,438
Other revenue
$0
Total assets, end of year
$176,830,289
Total liabilities, end of year
$26,085,460
Net assets or fund balances, end of year
$150,744,829
Program services expenses (Part IX)
$12,707,061
Management and general expenses
$674,807
Fundraising expenses
$307,536
Program service expenses (Part III)
$12,707,061

Program services were 92.8% 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.

  • 1d · Related organizations

    $7,025

  • 1f · All other contributions, gifts and grants

    $11,597,958

  • 1g · Noncash contributions included above

    $599,411

  • 2a · Program service revenue: RENTAL INCOME

    total $995,573 · related or exempt $995,573

  • 2b · Program service revenue: MANAGEMENT FEES

    total $287,444 · related or exempt $287,444

  • 3 · Investment income

    total $3,646,290 · related or exempt $17,396 · unrelated business -$43,894 · excluded $3,672,788

  • 7a · Gross sales of assets other than inventory

    securities $28,744,896

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

    securities $27,678,748

  • 7c · Gain or loss

    securities $1,066,148

  • 7d · Net gain or loss

    total $1,066,148 · excluded $1,066,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,923,412 · program services $7,923,412

  • 2 · Grants to domestic individuals

    total $1,350,954 · program services $1,350,954

  • 5 · Compensation of officers, directors and key employees

    total $635,669 · program services $440,329 · management and general $104,281 · fundraising $91,059

  • 7 · Other salaries and wages

    total $1,165,566 · program services $864,096 · management and general $179,730 · fundraising $121,740

  • 8 · Pension plan contributions

    total $43,090 · program services $32,570 · management and general $6,047 · fundraising $4,473

  • 9 · Other employee benefits

    total $85,056 · program services $65,188 · management and general $12,054 · fundraising $7,814

  • 10 · Payroll taxes

    total $125,010 · program services $91,444 · management and general $19,235 · fundraising $14,331

  • 11a · Fees: management

    total $43,672 · program services $43,672

  • 11b · Fees: legal

    total $102,141 · program services $60,279 · management and general $21,104 · fundraising $20,758

  • 11c · Fees: accounting

    total $63,975 · program services $3,869 · management and general $60,106

  • 11f · Fees: investment management

    total $515,717 · program services $515,717

  • 11g · Fees: other

    total $351,561 · program services $278,120 · management and general $66,303 · fundraising $7,138

  • 12 · Advertising and promotion

    total $130,103 · program services $91,228 · management and general $21,920 · fundraising $16,955

  • 13 · Office expenses

    total $59,829 · program services $45,079 · management and general $10,592 · fundraising $4,158

  • 14 · Information technology

    total $110,796 · program services $80,354 · management and general $17,445 · fundraising $12,997

  • 16 · Occupancy

    total $415,792 · program services $392,628 · management and general $23,164

  • 17 · Travel

    total $880 · program services $841 · fundraising $39

  • 19 · Conferences, conventions and meetings

    total $42,475 · program services $33,327 · management and general $7,341 · fundraising $1,807

  • 20 · Interest

    total $152,222 · program services $152,222

  • 22 · Depreciation, depletion and amortization

    total $203,665 · program services $200,795 · management and general $2,870

  • 23 · Insurance

    total $125,228 · program services $21,608 · management and general $103,171 · fundraising $449

  • 24a · Other expenses: MEMBERSHIP

    total $42,591 · program services $19,329 · management and general $19,444 · fundraising $3,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,742 · end of year $68,618

  • 2 · Savings and temporary cash investments

    beginning of year $4,871,563 · end of year $3,708,359

  • 3 · Pledges and grants receivable

    beginning of year $2,235,740 · end of year $6,819,816

  • 4 · Accounts receivable

    beginning of year $117,234 · end of year $116,176

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,755 · end of year $127,197

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

    $10,648,834

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

    $2,595,998

  • 10c · Land, buildings and equipment, net

    beginning of year $8,176,906 · end of year $8,052,836

  • 11 · Investments: publicly traded securities

    beginning of year $117,576,817 · end of year $128,370,269

  • 12 · Investments: other securities

    beginning of year $29,639,706 · end of year $27,675,908

  • 15 · Other assets

    beginning of year $1,657,871 · end of year $1,891,110

  • 17 · Accounts payable and accrued expenses

    beginning of year $478,622 · end of year $399,777

  • 18 · Grants payable

    beginning of year $2,778,764 · end of year $579,017

  • 21 · Escrow or custodial account liability

    beginning of year $19,380,129 · end of year $20,575,152

  • 23 · Secured mortgages and notes payable

    beginning of year $4,280,856 · end of year $4,156,121

  • 25 · Other liabilities

    beginning of year $374,349 · end of year $375,393

  • 27 · Net assets without donor restrictions

    beginning of year $132,074,155 · end of year $140,098,943

  • 28 · Net assets with donor restrictions

    beginning of year $5,075,459 · end of year $10,645,886

Mission and programs · 2022

Mission

THE MISSION OF THE VENTURA COUNTY COMMUNITY FOUNDATION (VCCF) IS CONNECTING PEOPLE, RESOURCES, AND SOLUTIONS TO CREATE LASTING IMPACT IN OUR SHARED WORLD.

Activities or mission (Part I)

TO PROMOTE AND ENABLE PHILANTHROPY TO IMPROVE OUR COMMUNITY FOR GOOD AND FOR EVER.

  • CONNECTING DONORS TO THE COMMUNITY NEEDS THEY CARE ABOUT, THE VENTURA COUNTY COMMUNITY FOUNDATION GRANTED $7,923,400 TO 241 UNIQUE PUBLIC CHARITIES AND $1,350,950 TO MORE THAN THREE HUNDRED LOCAL STUDENTS VIA OUR SCHOLARSHIP PROGRAM.

    Expenses $10,136,928 · Grants $9,274,366

  • INCREASING CHARITABLE GIVING IN FISCAL YEAR 2023, OVER $11.5 MILLION WAS ADDED TO DONOR FUNDS BRINGING THE TOTAL CHARITABLE ASSETS UNDER THE STEWARDSHIP OF THE VENTURA COUNTY COMMUNITY FOUNDATION TO $200 MILLION.

    Expenses $1,553,551

  • THE VENTURA COUNTY COMMUNITY FOUNDATION IS PROUD TO OFFER BELOW-MARKET RENT FOR THIRTEEN NONPROFITS IN VENTURA COUNTY. NONPROFIT TENANTS INCLUDE: ECONOMIC DEVELOPMENT COLLABORATIVE OF VENTURA COUNTY, GOLD COAST VETERANS FOUNDATION, CASA OF VENTURA, MAKE-A-WISH TRI-COUNTIES, INTERFACE CHILDREN AND FAMILY, SERVICES/ 2-1-1 VENTURA COUNTY, WOMENS ECONOMIC VENTURES, AREAS CHRISTIANS TAKING INITIATIVE ON NEED (ACTION), VISTA REAL PUBLIC CHARTER, SOTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG), THE BETTER BUSINESS BUREAU, FUTURE LABS, AND FARM TO SCHOOL.

    Expenses $1,016,582 · Revenue $1,300,413

As filed on the 2022 return.

Listed in Part VII

  • Sean Leonard

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Veronica Quintana

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leah Lacayo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Scott P Hansen

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Meryl Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geoff Dean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Edelstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Kearney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Sepulveda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Venkat Yepuri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Bechtel

    PRESIDENT AND CEO

    Total calculated
    $344,587
    From this org
    $319,632
    From related orgs
    $0
    Other
    $24,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,452
    Bonus
    $53,180
    Other
    $0
    Deferred
    $18,000
    Nontaxable benefits
    $6,955
    Filer's total
    $344,587

  • Bonita Gilles

    VICE-PRESIDENT AND CFO

    Total calculated
    $260,901
    From this org
    $245,534
    From related orgs
    $0
    Other
    $15,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,459
    Bonus
    $32,075
    Other
    $0
    Deferred
    $14,902
    Nontaxable benefits
    $465
    Filer's total
    $260,901

  • Jeffrey Lambert

    CHIEF OPERATING OFFICER

    Total calculated
    $220,273
    From this org
    $196,153
    From related orgs
    $0
    Other
    $24,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,590
    Bonus
    $27,563
    Other
    $0
    Deferred
    $13,997
    Nontaxable benefits
    $10,123
    Filer's total
    $220,273

  • Tracy Tagawa

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $175,671
    From this org
    $156,064
    From related orgs
    $0
    Other
    $19,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,564
    Bonus
    $22,500
    Other
    $0
    Deferred
    $10,453
    Nontaxable benefits
    $9,154
    Filer's total
    $175,671

  • Jim Rivera

    CHIEF PHILANTHROPIC COUNSEL

    Total calculated
    $101,024
    From this org
    $101,024
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE VCCF BOARD OF DIRECTORS APPROVED A BONUS PAY STRUCTURE FOR THE EXECUTIVE STAFF. THE CEO HAS A RANGE OF 0 TO 20%, AND THE CFO, CCO AND COO HAVE RANGES FROM 5 TO 15%. THE BOARD APPROVES THE BONUS FOR THE OFFICERS (CEO AND CFO) AND THE CEO APPROVES OTHER BONUSES. THESE BONUSES ARE DETERMINED AND RECOMMENDED BASED ON THE ANNUAL REVIEW CYCLE FOR THE EMPLOYEES.

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

  • DRIVER OPERA HOUSE RESTORATION INC

    $800,000

    TO PROVIDE FUNDING FOR THE REBUILD SO THAT IT CAN BE COMPLETELY USED FOR SECOND FLOOR RENOVATION NEEDS, NEW ELEVATOR, AND ADA

  • THE UCLA FOUNDATION

    $503,000

    IN SUPPORT OF THE UCLA FOUNDATION, TO APOLLONIAN SOCIETY AND THE UCLA INTERVENTION PROGRAM, AND TO FUND UCLA DAVID GEFFEN SCHOOL OF MEDICINE MEDICAL RESEARCH FOR NEW TREATMENTS AND TECHNOLOGIES RELATED TO LONG-TERM EFFECTS OF THE COVID-19 INFECTION.

  • BOYS & GIRLS CLUB OF CAMARILLO

    $415,000

    IN SUPPORT OF THE EXPANDING POSSIBILITIES CAPITAL CAMPAIGN PROGRAM WHICH AIMS TO FUND A 6,500-SQUARE-FOOT EXPANSION OF THE CLUB TO MEET THE GROWING DEMANDS, FOR GENERAL SUPPORT AND OPERATIONS, TO SUPPORT THE STEM PROGRAM, TO PROVIDE MUSICAL INSTRUMENTS.

  • CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION

    $256,320

    TO PROVIDE FUNDING FOR CALIFORNIA STATE UNIVERSITY CHANEL ISLANDS FOUNDATION - $200,000.00 IS FOR THE RESEARCH FELLOWSHIP PROGRAM, AND $30,000.00 IS FOR ESRM DEPARTMENT TRANSPORTATION FUND, AND TO SUPPORT PROJECT COSECH CULTIVATING OUTREACH TO SUSTAIN EDUCATIONAL AND CAREER HOPES AND ASPIRATIONS.

  • MUSEUM OF VENTURA COUNTY

    $251,450

    TO SUPPORT THE VENTURA COUNTY 150TH ANNIVERSARY CELEBRATION ACTIVITIES, TO SUPPORT THE CHIEF CURATOR EXECUTIVE SEARCH, TO PROVIDE PERMANENT AND ONGOING FINANCIAL SUPPORT FOR THE MUSEUM OF VENTURA COUNTY'S EXECUTIVE DIRECTOR POSITION, TO SUPPORT THE MUSEUM'S CHIDREN'S ART EDUCATION PROGRAM, TO SUPPORT TO VCMHA FOR THE PURCHASE, MAINTENANCE, AND RESTORATION OF THE MUSEUM'S COLLECTION OF GEORGE STUART'S HISTORICAL FIGURES AND/OR REPAIRS AND IMPROVEMENTS TO THE FRED W. SMITH GALLERY, TO PROVIDE PERMANENT AND ONGOING FINANCIAL SUPPORT FOR THE MUSEUM OF VENTURA COUNTY'S COLLECTIONS MANAGER POSITION.

  • ECONOMIC DEVELOPMENT COLLABORATIVE OF VENTURA COUNTY

    $250,000

    TO SUPPORT THE VENTURA COUNTY HQECE INITIATIVE ISABELLA PROJECT TO SUPPORT EDC/EARLY CHILDHOOD EDUCATION TASKFORCE PROJECT FOCUSING ON EARLY CHILDHOOD EDUCATION PROVIDERS IN SANTA PAULA, AND TO PROVIDE SPONSORSHIP FOR EDC 26TH ANNUAL MEETING

  • HUMANE SOCIETY OF VENTURA COUNTY

    $226,876

    IN SUPPORT OF GENERAL ANIMAL/WILDLIFE CARE, AND TO PROVIDE FIRST YEAR FUNDING FOR THE DIRECTOR OF FINANCE POSITION

  • CITY OF THOUSAND OAKS

    $224,170

    TO PROVIDE FINANCIAL SUPPORT TO THE CITY OF THOUSAND OAKS FOR THE CIVIC AUDITORIUM/FORUM THEATRE

  • STANFORD UNIVERSITY

    $191,000

    IN SUPPORT OF THE STANFORD FUND IN HONOR OF THE CLASS OF 1968 FIFTY-FIFTH REUNION, MR. JOHN GOULD '68 AND MRS. JUDI GOULD '68, AND TO PROVIDE FINANCIAL SUPPORT FOR STANFORD STUDENTS FROM VENTURA COUNTY.

  • MESA

    $187,000

    IN SUPPORT OF THE OPERATIONAL EXPENSES FOR THE ORGANIZATION'S TINY HOME AND WELLNESS CENTER COMMUNITY IN OJAI, TO PROVIDE FUNDING TO REPLACE THE AIR CONDITIONER, AND TO PROVIDE UNRESTRICTED FUNDING.

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VCCF NONPROFIT CENTER LLC

    RENTAL OF OFFICE BUILDING TO LOCAL NON-PROFIT ORGANIZATIONS · CA · income $1,307,665 · assets $9,743,665

    Directly controlled by VENTURA COUNTY COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
19 July 2024
IRS schema version
2022v5.0
Source object
202432259349301653

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

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