Ventura College Foundation

Your Dreams. Our Mission.

aka VCF | Ventura, CA | https://VenturaCollegeFoundation.org

GuideStar Charity Check

EIN: 77-0037747

Contributions tax deductible
as of March 2023

IRS BMF 509(a)(1)
as of March 13, 2023

View summary

Charity Check report

Mission

The Ventura College Foundation transforms students’ lives through education by providing innovative and vital resources and financial support. The Foundation collaborates with Ventura College to enhance human potential, civic engagement, careers, and academic success of students enabling their effective impact and legacy on the college, local workforce, and our community.

Notes from the nonprofit

The Ventura College Foundation is committed to maintaining the highest standards in transparency, accountability, and stewardship of all funds, including grants, contracts, and donor-directed contributions. Our finances are thoroughly reviewed at regular intervals by our finance committee, executive committee, investment committee, audit committee, and our full board of directors. The VC Foundation undergoes an annual audit by an independent audit firm specializing in nonprofit organizations, and the VC Foundation audit committee assesses this vendor relationship at regular intervals. All of this is to ensure our organization's prudent use of resources in achieving our mission to serve Ventura College and its students. Federal Tax I.D. #: 77-0037747

Ruling year info

1984

Executive Director

Ms. Anne Paul King

Main address

4667 Telegraph Rd

Ventura, CA 93003 USA

Show more contact info

EIN

77-0037747

Subject area info

Education

Community college education

Philanthropy

Population served info

LGBTQ people

Heterosexuals

Women

Men

Ethnic and racial groups

Show more populations served

NTEE code info

Single Organization Support (B11)

Community/Junior College (B41)

Scholarships, Student Financial Aid, Awards (B82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Affiliations

See related organizations info

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

Students come to Ventura College (VC) with a variety of strengths, dreams, and needs. VC and the Ventura College Foundation (VCF) work hand in hand to address needs that can interfere with students achieving their potential. VC is every bit a college of the community that has a 97-year history of serving families generation after generation and have over the years increase enrollment of Hispanic students to 60% of the student population. VC students come from a wide range of backgrounds. Out of 10,000 students, notable barriers that some VC students experience include: • 18% are housing insecure • 40% are the first in their families to go to college • 28% served by Ventura College's Basic Needs Office • 55% are classified as extremely low-income to low-income Despite these barriers, over 2,000 students graduate annually and about 1,000 students successfully transfer to a UC or CSU. VCF supports VC students in breaking through individual barriers to achieve their academic dreams.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Ventura College Foundation Student Scholarships

Approximately 60% of Ventura College students each year are classified as low- to moderate-income students (e.g. students with a household income of $36,000 or less for a family of four). More than 400 scholarships are available to Ventura College students and are a great way to ease the financial burden many of our students carry as they pursue their education and/or career.

Donors may make a donation each year to award a scholarship to a qualified student who meets the donor criteria, including an area of study, merit, or interests. The minimum amount for an annual named scholarship is $1,200 or a scholarship endowment can be established with a minimum gift of $22,300 to fund a scholarship into perpetuity.

Population(s) Served

Immigrants and migrants

Ethnic and racial groups

Economically disadvantaged people

Students

Veterans

David P. Bianco Textbook Lending & Reserve Library

Textbooks are often the largest educational expense encountered by a Ventura College student.
Funded by donors and the Ventura College Foundation Marketplace, the following programs allow students to successfully complete their courses without the financial burden of buying textbooks.

RESERVE COLLECTION
The Reserve Collection allows students to check out their books for a two hour time period while at the Library. The collection has a copy of almost every textbook in use each semester.

LENDING LIBRARY
The Lending Library allows students to check out up to three textbooks for an entire semester at no cost.

The College and Foundation partner to host a priority day the week before the start of each semester to allow those that participate the chance to be the first to check out available textbooks

Population(s) Served

Economically disadvantaged people

Students

Ventura College Foundation Phoenix Scholarship Program

The Phoenix Scholarship Program was established in November 1999 by Ventura College Foundation board members who learned about the unique needs of Ventura College re-entry and veteran students. The Phoenix Scholarship is designed to assist these students who have minimal or no resources to fund the cost of their education. Re-entry students are individuals who must learn new skills and return to school to do so; or who have chosen to return to school after a break in education.

Population(s) Served

Students

Economically disadvantaged people

Veterans

People with disabilities

Ethnic and racial groups

Jerry Arellano Veteran Resource Center Library

The Jerry Arellano Veteran Resource Center Library is funded by donors in Ventura County who are passionate about helping veterans excel academically.

This program provides textbook stipends to U.S. veteran students at Ventura College who are reserving their G.I. Bill® education benefits for four-year University education. Eligible students can benefit for a maximum of one academic year or two semesters at VC.

Students who receive these vouchers are required to donate one of their textbooks to the Jerry Arellano Veteran Resource Center Library located in the Veterans Resource Center each semester while receiving this funding. The goal is to build this lending library and support future VC veteran students.

Population(s) Served

Economically disadvantaged people

Students

Veterans

Military personnel

Ethnic and racial groups

Where we work

Awards

Professional Fundraiser of the Year: Anne Paul King 2019

Association of Fundraising Professionals Santa Barbara/Ventura Chapter

Affiliations & memberships

Association of Fundraising Professionals Santa Barbara/Ventura Chapter 2022

Network of California Community College Foundations 2022

Cal Lutheran University Center for Nonprofit Leadership 2022

External reviews

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Evaluation documents

Number of academic scholarships awarded

Totals By Year

Population(s) Served

Ethnic and racial groups, Economically disadvantaged people, Students, Immigrants and migrants, Veterans

Related Program

Ventura College Foundation Student Scholarships

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of scholarships that were awarded by the Ventura College Foundation to students in an academic year. *Year to year awards fluctuate based on the number of eligible applicants.

Total dollar amount of scholarship awarded

Totals By Year

Population(s) Served

Ethnic and racial groups, Economically disadvantaged people, Students, Veterans

Related Program

Ventura College Foundation Student Scholarships

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total dollar amount of scholarships awarded from Endowed Scholarship Funds* & Annual Scholarship Funds each year. *Scholarship funds fluctuate due to effects investment earnings year over year.

Number of students who had their first year of college paid

This metric is no longer tracked.

Totals By Year

Population(s) Served

Ethnic and racial groups, Economically disadvantaged people, Students

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of first-year students who had their tuition & enrollments fees paid by the Ventura College Foundation. In 2020-21, the California Promise Program provided funding for the VC Promise.

Number of new scholarships awarded

Totals By Year

Population(s) Served

Ethnic and racial groups, Economically disadvantaged people, Students

Related Program

Ventura College Foundation Student Scholarships

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of new scholarships (both Endowed Scholarship Funds & Annual Scholarships) created and awarded in an academic year.

Number of students receiving textbook support

Totals By Year

Population(s) Served

Ethnic and racial groups, Economically disadvantaged people, Students

Related Program

David P. Bianco Textbook Lending & Reserve Library

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Context Notes

Number of Ventura College students that used the free semester lending library or that accessed their class textbook through the reserve library. In 2020-21, campus library closed due to COVID.

Number of campus programs supported

Totals By Year

Population(s) Served

Students

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of Ventura College campus programs that received donor support that was facilitated by the Ventura College Foundation.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

The Ventura College Foundation was initially established for the purpose of raising funds for student scholarships. While our focus has expanded over the years, we continue to support our students through our scholarship program. Our student support programs promoting student success by:

Removing Barriers to Educational Progress and Success
Textbook Lending Programs: The Textbook Lending Library has been in existence since 2007 and was known on campus as the Faith George Lending Library. In 2010, it expanded to include the college’s East Campus in Santa Paula. It is now known to the foundation as the David P. Bianco Textbook Lending Library in memory of one of the board’s most ardent champions of the program, and Jerry Arellano Veterans Lending Library to meet the needs of veterans.

Scholarships for Continuing Students: Annually, over $650,000 in funding through 400+ scholarships are available to about 250 Ventura College students who are ready and able to benefit from the financial support, via a single Ventura College Foundation Scholarship Application. Our scholarships are designed to enable and encourage students to achieve their goals.

Supporting Transition to New Opportunities
Scholarships for Transfer Students: From our $650,000 in annual scholarship funding, one in four applicants who are transferring to a 4-year university are awarded $3,000+ packages through their student business account at their transfer institution.

Public-Private Partnerships Create Career Pathways: The college supports 25 career education programs. The foundation staff work with a number of these programs annually to attract and support industry partners through grants from outside foundations and from the industry partners themselves. In addition to providing feedback on curriculum, tools and resources, industry partners are encouraged to provide apprenticeships and internships so that more and more of our students have industry experience before they graduate.

What are the organization's key strategies for making this happen?

GOAL 1: Expand Support to Students
A. Increase number and size of scholarships dispersed and student support services received.
B. Address current and future needs across the whole spectrum of the student populations
C. Make it easier for students to get aid even when going to multiple schools
D. Remove barriers for students (textbooks & tools, support food & housing efforts, etc.)
E. Focus our funding to address gaps not addressed by other dollars
F. Enable more part-time students to move to full-time and/or complete in 6 years
G. Collaborate with community entities to expand range of opportunities for students
GOAL 2: GROW REVENUE and ENSURE SUSTAINABLE FINANCIAL STRUCTURE
A. Increase amount of revenue available to support student success
B. Maintain on-going financial commitments and direct marketing efforts
C. Add giving populations: Alumni Giving, Parent Giving, and Student Giving.
D. Add additional Specific Campus Program and Services Support
E. Balance revenue and expenses in order to meet activity goal
F. Increase Marketplace revenue on Saturdays and maintain revenue on Sundays
G. Expand ongoing internal partnerships between VCF staff and campus partners (administration, faculty, classified professionals, counseling, financial aid, registrar, tutoring, library, basic needs.
H. Expand ongoing external partnerships between VCF staff, campus partners, and community partners
GOAL 3: ENHANCE PROFILE OF COLLEGE AND FOUNDATION AS VITAL PARTNER IN COMMUNITY
A. Highlight the impact of community support on student accomplishments that provide clear benefits for Ventura County
B. Increase communication with past, current, future students and their families
C. Engage community donors in stories of support for student success
D. Engage VCF board members as spokespeople for VCF accomplishments and goals
E. Work with businesses and organizations to incorporate their support for VC students as part of their identities.
F. Collaborate with government entities to enhance messaging in support of students and campus programs
GOAL 4: IMPROVE INFORMATION MANAGEMENT AND COMMUNICATION BETWEEN COLLEGE AND FOUNDATION
A. Ensure clarity and reconciliation of policies and processes between college and foundation
B. Find ways to further support each other to effectively and efficiently to meet college and foundations goals
C. Clarify roles and responsibilities between foundation and college staff to ensure that policies and procedures are followed.
D. Ensure that all employees take the necessary trainings that enable the college and foundation to work together smoothly
GOAL 5: ENSURE A SUSTAINABLE OPERATIONAL STRUCTURE
A. As the college grows and student needs grow, the Ventura College Foundation adapts to address changing priorities.
B. Support board member recruitment, mentorship and promote robust participation.
C. Make sure there is an adequate number of Foundation staff with the requisite skills and have adequate systems to carry out functions.

What are the organization's capabilities for doing this?

Established in 1983, the Ventura College Foundation is one of the most successful community college foundations in California, having raised more than $46.7 million for Ventura College and its students. Through this support, the Foundation assists the College in facilitating student success and grows the impact and legacy of the College as a vital community asset.

The Ventura College Foundation is a private 501(c)(3) charitable organization led by a 18-member board of directors. The foundation is an auxiliary organization of the Ventura County Community College District. With a $2.4 million budget and $31.2 million in assets, this foundation is one of the larger foundations in the California community college system. Through the power of education and the strength of this organization, VCF is uniquely positioned to drive additional and critical resources to close persistent equity gaps and solve educated workforce shortages in our county.

What have they accomplished so far and what's next?

What We Accomplished in 2020-21:
An important component in assisting student success involves removing barriers to their goals and dreams. One of the most commonly cited such barriers is finances. Thanks to the support of our generous Ventura community and the hard-working people at the Foundation, during the 2020-2021 school year, 400 scholarships were awarded to 228 Ventura College students amounting to $52,7581 in support, 602 students benefitted textbook support with 549 benefitting from the David P. Bianco Textbook Lending and Reserve Library, and 53 veterans benefitting from the Jerry Arellano Veteran Resource Center Library. The VC Foundation also facilitated another $871,749 in academic and campus program support. The total support the VC Foundation provided to the students and programs of Ventura College during 2020-21 was over $1.5 million dollars.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We demonstrated a willingness to learn more by reviewing resources about feedback practice.

We shared information about our current feedback practices.

Who are the people you serve with your mission?

Ventura College serves about 13,000 students per year. Today, notable annual statistical information about VC students are: • 18% are housing insecure • 40% are first in their families to go to college • 50% are food insecure • 60% are Latino • 70% are classified as low- to moderate-income students (e.g. students with a household income of $36,000 or less for a family of four) • Over 2,000 students graduate annually • About 1,000 students successfully transfer to 4-year universities with over 800 transferring to Cal State Universities and University of California institutions. All told the Ventura College Foundation, in 2020-21, served 830 students by distributing $696,095 through tuition support, scholarships, or textbook lending and facilitated another $871,749 in Campus Support.
How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
What significant change resulted from feedback?

STUDENT AMBASSADOR PROGRAM - In 2017, we established a student ambassador program. Student ambassadors review our Foundation activities, make suggestions, and reach out to students to make them aware of how to access available financial assistance. ASVC PRESIDENT IS A VOTING EX-OFFICIO MEMBER OF THE VENTURA COLLEGE FOUNDATION BOARD OF DIRECTORS - Each year, the Ventura College student body president plays an active role as a member of our board, providing a valuable voice and perspective. In the summer of 2020, we began an annual process whereby the ASVC President led the ASVC Leadership to review and edit our scholarship application to remove implied or explicit barriers to student success.
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
What challenges does the organization face when collecting feedback?

Verifying data with the College is difficult due to FERPA laws.

Financials

Ventura College Foundation

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020

SOURCE: IRS Form 990

14.23

Average of 10.51 over 10 years

Months of cash in 2020

SOURCE: IRS Form 990

2.2

Average of 3 over 10 years

Fringe rate in 2020

SOURCE: IRS Form 990

46%

Average of 36% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Ventura College Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$1,362,384
Government Grants	$0
Program Services	$0
Investments	($141,236)
Special Events	($4,777)
Sales	$0
Other	$0
Total Revenue	$1,216,371

Expenses
Program Services	$1,564,107
Administration	$310,217
Fundraising	$243,465
Total Expenses	$2,117,789
Net Gain/Loss	($901,418)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$34,258
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,267,497
Government Grants	$0
Program Services	$0
Investments	$1,201,898
Special Events	($8,554)
Sales	$0
Other	$30,792
Total Revenue	$2,491,633

Expenses
Program Services	$1,569,755
Administration	$296,325
Fundraising	$272,973
Total Expenses	$2,139,053
Net Gain/Loss	$352,580

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$7,919
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$41,382
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,113,696
Government Grants	$0
Program Services	$0
Investments	$1,177,295
Special Events	$3,893
Sales	$0
Other	$0
Total Revenue	$2,294,884

Expenses
Program Services	$1,366,663
Administration	$265,929
Fundraising	$269,709
Total Expenses	$1,902,301
Net Gain/Loss	$392,583

Functional expenses
Accounting Fees	$34,793
Advertising & Promotion	$0
Information Technology Expenses	$13,862
Insurance Expenses	$2,155
Interest Expenses	$0
Investment Management Fees	$67,375
Legal Fees	$0
Pension Plan Contributions	$24,478
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,055,979
Government Grants	$0
Program Services	$0
Investments	$1,257,900
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,313,879

Expenses
Program Services	$1,370,596
Administration	$166,918
Fundraising	$351,640
Total Expenses	$1,889,154
Net Gain/Loss	$424,725

Functional expenses
Accounting Fees	$31,578
Advertising & Promotion	$0
Information Technology Expenses	$15,786
Insurance Expenses	$2,961
Interest Expenses	$0
Investment Management Fees	$44,216
Legal Fees	$0
Pension Plan Contributions	$27,052
Professional Fundraising Expenses	$46,191

Revenue
Contributions	$1,119,004
Government Grants	$0
Program Services	$0
Investments	$1,477,065
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,596,069

Expenses
Program Services	$1,574,315
Administration	$225,348
Fundraising	$472,326
Total Expenses	$2,271,989
Net Gain/Loss	$324,080

Functional expenses
Accounting Fees	$46,528
Advertising & Promotion	$0
Information Technology Expenses	$33,143
Insurance Expenses	$3,158
Interest Expenses	$0
Investment Management Fees	$37,496
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$37,333

Revenue
Contributions	$935,111
Government Grants	$0
Program Services	$0
Investments	$1,575,524
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,510,635

Expenses
Program Services	$1,408,696
Administration	$196,471
Fundraising	$445,510
Total Expenses	$2,050,677
Net Gain/Loss	$459,958

Functional expenses
Accounting Fees	$20,000
Advertising & Promotion	$30,178
Information Technology Expenses	$16,120
Insurance Expenses	$12,968
Interest Expenses	$0
Investment Management Fees	$40,809
Legal Fees	$3,559
Pension Plan Contributions	$0
Professional Fundraising Expenses	$54,480

Revenue
Contributions	$875,910
Government Grants	$0
Program Services	$0
Investments	$1,527,851
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,403,761

Expenses
Program Services	$1,615,438
Administration	$148,322
Fundraising	$519,376
Total Expenses	$2,283,136
Net Gain/Loss	$120,625

Functional expenses
Accounting Fees	$20,000
Advertising & Promotion	$22,871
Information Technology Expenses	$16,882
Insurance Expenses	$4,762
Interest Expenses	$0
Investment Management Fees	$43,616
Legal Fees	$1,330
Pension Plan Contributions	$18,459
Professional Fundraising Expenses	$49,600

Revenue
Contributions	$1,839,029
Government Grants	$0
Program Services	$0
Investments	$1,243,922
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,082,951

Expenses
Program Services	$1,536,774
Administration	$155,467
Fundraising	$509,189
Total Expenses	$2,201,430
Net Gain/Loss	$881,521

Functional expenses
Accounting Fees	$20,500
Advertising & Promotion	$51,303
Information Technology Expenses	$17,518
Insurance Expenses	$5,297
Interest Expenses	$0
Investment Management Fees	$43,850
Legal Fees	$625
Pension Plan Contributions	$23,549
Professional Fundraising Expenses	$25,670

Revenue
Contributions	$1,155,748
Government Grants	$0
Program Services	$0
Investments	$1,634,905
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,790,653

Expenses
Program Services	$1,637,886
Administration	$178,193
Fundraising	$625,062
Total Expenses	$2,441,141
Net Gain/Loss	$349,512

Functional expenses
Accounting Fees	$21,800
Advertising & Promotion	$67,894
Information Technology Expenses	$11,262
Insurance Expenses	$11,823
Interest Expenses	$0
Investment Management Fees	$44,668
Legal Fees	$8,125
Pension Plan Contributions	$223,452
Professional Fundraising Expenses	$13,947

Revenue
Contributions	$13,642,293
Government Grants	$0
Program Services	$1,324
Investments	$1,582,246
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$15,225,863

Expenses
Program Services	$1,599,484
Administration	$152,189
Fundraising	$479,883
Total Expenses	$2,231,556
Net Gain/Loss	$12,994,307

Functional expenses
Accounting Fees	$45,675
Advertising & Promotion	$54,558
Information Technology Expenses	$17,333
Insurance Expenses	$17,280
Interest Expenses	$0
Investment Management Fees	$47,276
Legal Fees	$9,543
Pension Plan Contributions	$27,505
Professional Fundraising Expenses	$8,483

Revenue
Contributions	$2,934,880
Government Grants	$0
Program Services	$22,052
Investments	$2,481,146
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$5,438,078

Expenses
Program Services	$1,932,150
Administration	$202,107
Fundraising	$318,634
Total Expenses	$2,452,891
Net Gain/Loss	$2,985,187

Functional expenses
Accounting Fees	$33,660
Advertising & Promotion	$62,357
Information Technology Expenses	$0
Insurance Expenses	$7,212
Interest Expenses	$0
Investment Management Fees	$54,900
Legal Fees	$12,983
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,594,376
Government Grants	$0
Program Services	$21,341
Investments	$1,254,592
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,870,309

Expenses
Program Services	$2,115,223
Administration	$202,224
Fundraising	$290,851
Total Expenses	$2,608,298
Net Gain/Loss	$262,011

Functional expenses
Accounting Fees	$27,648
Advertising & Promotion	$66,054
Information Technology Expenses	$0
Insurance Expenses	$20,635
Interest Expenses	$0
Investment Management Fees	$78,552
Legal Fees	$3,312
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Ventura College Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$1,362,384
Cash & Equivalents	$476,943	$428,820	($48,123)
Accounts Receivable	$15,949	$400	($15,549)
Pledges & Grants Receivable	$1,203,237	$1,052,381	($150,856)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$5,225,241	$4,913,877	($311,364)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$101,954	$86,905	($15,049)
Other	$161,612	$104,137	($57,475)
Total Assets	$7,184,936	$6,586,520	($598,416)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$184,356	$284,109	$99,753
Grants Payable	$358,104	$418,023	$59,919
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$108,907	$111,884	$2,977
Total Liabilities	$651,367	$814,016	$162,649

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$599,017	$673,003	$73,986
Permanently Restricted Net Assets	$5,168,211	$5,691,174	$522,963
Total Restricted Net Assets	$5,767,228	$6,364,177	$596,949
Unrestricted Net Assets	$766,341	($591,673)	($1,358,014)
Net Assets	$6,533,569	$5,772,504	($761,065)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$1,267,497
Cash & Equivalents	$428,820	$154,294	($274,526)
Accounts Receivable	$400	$792	$392
Pledges & Grants Receivable	$1,052,381	$1,003,500	($48,881)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$4,913,877	$5,466,847	$552,970
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$86,905	$82,013	($4,892)
Other	$104,137	$40,633	($63,504)
Total Assets	$6,586,520	$6,748,079	$161,559

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$284,109	$78,931	($205,178)
Grants Payable	$418,023	$414,087	($3,936)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$111,884	$48,174	($63,710)
Total Liabilities	$814,016	$541,192	($272,824)

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Temporarily Restricted Net Assets	$673,003	$661,608	($11,395)
Permanently Restricted Net Assets	$5,691,174	$6,293,192	$602,018
Total Restricted Net Assets	$6,364,177	$6,954,800	$590,623
Unrestricted Net Assets	($591,673)	($747,913)	($156,240)
Net Assets	$5,772,504	$6,206,887	$434,383

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$1,113,696
Cash & Equivalents	$154,294	$958,058	$803,764
Accounts Receivable	$792	$21,979	$21,187
Pledges & Grants Receivable	$1,003,500	$60,044	($943,456)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$5,466,847	$6,313,149	$846,302
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$82,012	$65,239	($16,773)
Other	$40,634	$26,569	($14,065)
Total Assets	$6,748,079	$7,445,038	$696,959

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$78,931	$62,398	($16,533)
Grants Payable	$414,087	$338,754	($75,333)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$48,174	$69,237	$21,063
Total Liabilities	$541,192	$470,389	($70,803)

Fund balance	Jul 01, 2010	Jun 30, 2011	Change
Temporarily Restricted Net Assets	$661,608	$609,087	($52,521)
Permanently Restricted Net Assets	$6,293,192	$6,263,380	($29,812)
Total Restricted Net Assets	$6,954,800	$6,872,467	($82,333)
Unrestricted Net Assets	($747,913)	$102,182	$850,095
Net Assets	$6,206,887	$6,974,649	$767,762

Assets	Jul 01, 2011	Jun 30, 2012	Change
Contributions	$1,055,979
Cash & Equivalents	$958,058	$355,425	($602,633)
Accounts Receivable	$21,979	$5,070	($16,909)
Pledges & Grants Receivable	$60,044	$200,077	$140,033
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$6,313,149	$7,173,709	$860,560
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$65,239	$79,750	$14,511
Other	$26,569	$38,268	$11,699
Total Assets	$7,445,038	$7,852,299	$407,261

Liabilities	Jul 01, 2011	Jun 30, 2012	Change
Accounts Payable	$62,398	$87,052	$24,654
Grants Payable	$338,754	$269,476	($69,278)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$69,237	$20,920	($48,317)
Total Liabilities	$470,389	$377,448	($92,941)

Fund balance	Jul 01, 2011	Jun 30, 2012	Change
Temporarily Restricted Net Assets	$609,087	$773,501	$164,414
Permanently Restricted Net Assets	$6,263,380	$6,659,892	$396,512
Total Restricted Net Assets	$6,872,467	$7,433,393	$560,926
Unrestricted Net Assets	$102,182	$41,458	($60,724)
Net Assets	$6,974,649	$7,474,851	$500,202

Assets	Jul 01, 2012	Jun 30, 2013	Change
Contributions	$1,119,004
Cash & Equivalents	$355,425	$545,280	$189,855
Accounts Receivable	$5,070	$21,087	$16,017
Pledges & Grants Receivable	$200,077	$220,910	$20,833
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$7,173,709	$7,600,224	$426,515
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$79,750	$94,105	$14,355
Other	$38,268	$32,977	($5,291)
Total Assets	$7,852,299	$8,514,583	$662,284

Liabilities	Jul 01, 2012	Jun 30, 2013	Change
Accounts Payable	$87,052	$107,665	$20,613
Grants Payable	$269,476	$347,650	$78,174
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$20,920	$0	($20,920)
Total Liabilities	$377,448	$455,315	$77,867

Ventura College Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

This snapshot of Ventura College Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2016	2017	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	-$49,627	$227,358	$231,384	-$192,012	$520,567
As % of expenses	-2.3%	9.3%	10.4%	-7.8%	20.0%
Unrestricted surplus (deficit) after depreciation	-$59,005	$219,065	$224,129	-$198,160	$515,683
As % of expenses	-2.7%	9.0%	10.0%	-8.1%	19.8%

Revenue composition
Total revenue (unrestricted & restricted)	$3,082,951	$2,790,653	$15,225,863	$5,438,078	$2,870,309
Total revenue, % change over prior year	28.3%	-9.5%	445.6%	-64.3%	-47.2%
Program services revenue	0.0%	0.0%	0.0%	0.4%	0.7%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	7.1%	8.7%	1.5%	9.4%	19.5%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	59.7%	41.4%	89.6%	54.0%	55.5%
Other revenue	33.3%	49.9%	8.9%	36.2%	24.2%

Expense composition
Total expenses before depreciation	$2,192,052	$2,432,848	$2,224,301	$2,446,743	$2,603,414
Total expenses, % change over prior year	-3.6%	11.0%	-8.6%	10.0%	6.4%
Personnel	24.2%	30.4%	21.3%	26.0%	25.1%
Professional fees	4.8%	4.1%	7.7%	4.9%	5.0%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	63.8%	58.3%	64.2%	54.3%	60.9%
All other expenses	7.2%	7.1%	6.8%	14.8%	9.0%

Full cost components (estimated)	2016	2017	2018	2019	2020
Total expenses (after depreciation)	$2,201,430	$2,441,141	$2,231,556	$2,452,891	$2,608,298
One month of savings	$182,671	$202,737	$185,358	$203,895	$216,951
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$2,384,101	$2,643,878	$2,416,914	$2,656,786	$2,825,249

Capital structure indicators

Liquidity	2016	2017	2018	2019	2020
Months of cash	4.5	3.8	2.5	2.2	2.2
Months of cash and investments	52.5	49.5	49.0	79.4	85.3
Months of estimated liquid unrestricted net assets	0.1	1.2	2.6	1.4	3.8

Balance sheet composition	2016	2017	2018	2019	2020
Cash	$812,959	$778,128	$470,890	$449,128	$478,764
Investments	$8,772,964	$9,265,184	$8,613,450	$15,736,927	$18,031,913
Receivables	$932,130	$1,142,005	$13,895,862	$9,192,468	$7,555,610
Gross land, buildings, equipment (LBE)	$225,774	$225,774	$225,774	$225,774	$225,774
Accumulated depreciation (as a % of LBE)	77.2%	83.6%	89.1%	92.8%	95.2%
Liabilities (as a % of assets)	9.9%	10.4%	4.7%	3.9%	4.7%
Unrestricted net assets	$64,230	$283,295	$507,424	$309,264	$824,947
Temporarily restricted net assets	$2,401,571	$2,582,956	$15,603,175	$18,271,603	N/A
Permanently restricted net assets	$7,229,754	$7,378,429	$7,370,833	$7,454,389	N/A
Total restricted net assets	$9,631,325	$9,961,385	$22,974,008	$25,725,992	$25,618,363
Total net assets	$9,695,555	$10,244,680	$23,481,432	$26,035,256	$26,443,310

Key data checks

Key data checks	2016	2017	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Ms. Anne Paul King

LinkedIn profile

Anne Paul King has been the Executive Director of the Ventura College Foundation since 2018, a local nonprofit organization that transforms students’ lives through education by providing innovative and vital resources and financial support. In 2019, Anne was named Professional Fundraiser of the Year by the Association of Fundraising Professionals (AFP) Santa Barbara/Ventura Counties Chapter. Anne has raised over $34 million for both national and local organizations over the course of her 25-year career in the nonprofit sector. Prior to joining the Ventura College Foundation in 2014 as the Director of Major and Planned Giving, the scope of her many roles has ranged from the national development consultant to 31 states affiliates at Volunteers of America in Alexandria, VA, to a founding board member of the Conejo Schools Foundation supporting the local Conejo Unified School District.

Number of employees

Source: IRS Form 990

Ventura College Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Ventura College Foundation

Board of directors
as of 05/16/2022

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Mrs. Ellyn Dembowski

Berkshire Hathaway Home Services California Properties

Term: 2021 - 2022

Amy Cherot

Retired, Amgen

Anne Paul King

Executive Director, Ventura College Foundation

Eleanor Tillquist

Retired

Rob van Nieuwburg

Business Relations Director,Ventura Toyota

Nicole Kreutz

VP/Credit Officer, Citizens Business Bank

J. Boomer Butler

C.P.A.

Ken Collin

Retired

Dr. Kimberly Hoffmans

President, Ventura College

Matt LaVere

Principal, LaVere Huff LLP

Tony Magaña

ASVC President, Ventura College

Michael Orman

Market President, Bank of the Sierra

Kristin Ockert

Policy Associate

Catherine Bojorquez

Vice President of Business & Administrative Services, Ventura College

Abra Flores

Costume Designer & Faculty, Ventura College

Harald Wulff

Retired Chemical Industry Executive

Ed Summers

Former Banker, CEO/President of Ventura County Chamber of Commerce, and Former Ventura City Council member

Dr. Robert Beilin

Licensed Marital Family Therapist

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 5/16/2022

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 05/16/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We ask team members to identify racial disparities in their programs and / or portfolios.
We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
We disaggregate data by demographics, including race, in every policy and program measured.

Policies and processes

We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

Related organizations & associated domestic grants

Show data for fiscal year

Ventura College Foundation

Your Dreams. Our Mission.

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

Ventura College Foundation Student Scholarships

David P. Bianco Textbook Lending & Reserve Library

Ventura College Foundation Phoenix Scholarship Program

Jerry Arellano Veteran Resource Center Library

Where we work

Awards

Affiliations & memberships

Our results

Evaluation documents

Number of academic scholarships awarded

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Total dollar amount of scholarship awarded

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of students who had their first year of college paid

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of new scholarships awarded

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of students receiving textbook support

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of campus programs supported

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Our Sustainable Development Goals

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2020 info

14.23

Months of cash in 2020 info

2.2

Fringe rate in 2020 info

46%

Funding sources info

Assets & liabilities info

Financial data

Liquidity in 2020

Months of cash in 2020

Fringe rate in 2020

Funding sources

Assets & liabilities