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← NTC FOUNDATION

Form 990 for tax year 2023

Filed by NTC FOUNDATION.

Totals

Total revenue
$6,380,813
Total expenses
$6,902,786
Contributions and grants received
$481,992
Grants paid
$0
Program service revenue
$5,454,347
Investment income
$267,164
Other revenue
$177,310
Total assets, end of year
$42,741,444
Total liabilities, end of year
$12,681,202
Net assets or fund balances, end of year
$30,060,242
Program services expenses (Part IX)
$6,292,293
Management and general expenses
$440,710
Fundraising expenses
$169,783
Program service expenses (Part III)
$6,292,293

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JUDITH NORA

    CHAIR, PELL INVESTMENTS LLC CFO

    Total calculated
    $0
    Hours/week
    10

  • KATHY KRENTLER

    VICE-CHAIR, PROFESSOR, SAN DIEGO STATE UNIVERSITY,

    Total calculated
    $0
    Hours/week
    10

  • KEN STIPANOV

    PAST-CHAIR, COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • KURT CHILCOTT

    TREASURER, CDC SMALL BUSINESS FINANCE

    Total calculated
    $0
    Hours/week
    5

  • LINDY MAMER

    SECRETARY, BANKING, COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • RICH GUSTAFSON

    CITYMARK DEVELOPMENT

    Total calculated
    $0
    Hours/week
    5

  • BURT ESPE

    THE OHANA BAYAN PROJECT

    Total calculated
    $0
    Hours/week
    5

  • LISA JOHNSON

    PRESIDENT & CEO

    Total calculated
    $189,200
    From this org
    $189,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,200

  • JAVIER DELEON

    COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • PAULA C PETER

    PROFESSOR OF MARKETING SDSU

    Total calculated
    $0
    Hours/week
    5

  • SALOMON MAYA

    TELEVISA

    Total calculated
    $0
    Hours/week
    5

  • DR MARK SANCHEZ

    SUPERINTENDENT/PRESIDENT SOUTHWESTERN COLLEGE

    Total calculated
    $0
    Hours/week
    5

  • JASON PAGUIO

    COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • VICKI REED

    COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • SIDD VIVEK

    COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • LYNETTE SANTOS

    COUNTY OF SAN DIEGO

    Total calculated
    $0
    Hours/week
    5

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 · Approval by the board or compensation committee

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

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NTC LIBERTY 19 OWNER LP

    N/A · LEASING · CA · share of income -$58,208 · share of assets $3,174,645

  • NTC LIBERTY 19 MASTER TENANT LP

    RELATED · RENTAL · CA · 99.99% owned · share of income -$11,822 · share of assets $736,619

    Directly controlled by NTC FOUNDATION

  • NTC II TENANT LP

    RELATED · RENTAL · CA · 99.99% owned · share of income -$172,474 · share of assets $3,264,530

    Directly controlled by NTC FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NTC LIBERTY 19 INC

    C · REAL ESTATE MANAGEMENT · CA · 100% owned · share of income -$59,621 · share of assets $126,358 · controlled entity

    Directly controlled by NTC FOUNDATION

  • NTC MANAGER INC

    C · REAL ESTATE MANAGEMENT · CA · 100% owned · share of income -$13,136 · share of assets $1,224,117 · controlled entity

    Directly controlled by NTC FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349310630

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