Fof1 Nmtc

Coalinga, CAUnknown exempt organization EIN 46-4072915Revenue $122K in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSwesthillscollege.comCoalinga, CA

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To assist the west hills community college district with the acquisition and financing of educational facilties

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4072915) · Dispute this line
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $1.6M a year · 1304% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$15.2M
448% of total assets
Liabilities are 448% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$122K
+0.09% vs prior year
Spent
$1.7M
To programs
99%
Net assets
−$11.8M
By yearFY2019–FY2021
Revenue
$122K
FY2021+0.09%
Tap a bar for its year
Revenue by fiscal year
FY2019$122K
FY2020$122K
FY2021$122K
Expenses
$1.7M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2019$1.7M
FY2020$1.7M
FY2021$1.7M
Net assets
−$11.8M
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2019−$8.8M
FY2020−$10.3M
FY2021−$11.8M

From the FY2021 Form 990 · see the original

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.6M Management & general 1% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fof1 Nmtc executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps acquire and finance educational facilities for the West Hills Community College District.

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1 program · $1.6M · in their own filed words · FY2021
01

To assist the west hills community college district with the acquisition and financing of educational facilties

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4072915) · Dispute this line
$1.6Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Fees for servicesLn 2g$121K
Investment incomeLn 3$1K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$10K
Owns and owesPt X
−$11.8M
net assets · Ln 32
Total assetsLn 16$3.4M
LiabilitiesLn 26$15.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$121K
Investment incomeLn 3$1K
Total revenueLn 12$122K
Assets in detailPt X, end of year
Accounts receivableLn 4$356K
Land, buildings, equipmentLn 10c$2.5M
Intangible assetsLn 14$499K
Total assetsLn 16$3.4M
LiabilitiesLn 26$15.2M
Net assetsLn 32−$11.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$15.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Land, buildings, equipmentLn 10c$4.1M$2.5M
Total assetsLn 16$4.8M$3.4M
LiabilitiesLn 26$15.2M$15.2M
Net assetsLn 32−$10.3M−$11.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$106K$106K
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$1.7M$1.6M$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Nov 4, 2022 $122K$1.7M−$1.5M−$11.8M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $122K$1.7M−$1.6M−$10.3M 990 PDF
FY2019Filed with the IRS Dec 8, 2021 $122K$1.7M−$1.6M−$8.8M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $122,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $120,792$120,792
I-10 Investment incomePrior year $1,173$1,278
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $121,965$122,070
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,738,086$1,658,135
I-18 Total expensesPrior year $1,738,086$1,658,135
I-19 Revenue less expensesPrior year −$1,616,121−$1,536,065
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $122,070 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,792$120,792
VIII-3 Investment incomeExcluded from tax $1,278$1,278
VIII-12 Total revenueRelated to mission $120,792 · Unrelated business $0 · Excluded from tax $1,278$122,070
Part IX · Statement of functional expenses $1,658,135 across 3 lines filed
IX-20 InterestPrograms $105,720$105,720
IX-22 Depreciation, depletion and amortizationPrograms $1,542,420$1,542,420
IX-24 Other expenses (24a–d)Management $9,995$9,995
IX-25 Total functional expensesPrograms $1,648,140 · Management $9,995 · Fundraising $0$1,658,135
Part X · Balance sheet $3,398,004 assets, 11 lines filed
X-4 Accounts receivableStart of year $234,910$355,702
X-10c Land, buildings and equipment, netStart of year $4,063,115$2,543,456
X-14 Intangible assetsStart of year $521,607$498,846
X-16 Total assetsStart of year $4,819,632$3,398,004
X-17 Accounts payable and accrued expensesStart of year $70,805$80,801
X-24 Unsecured notes and loans payableStart of year $15,035,000$15,035,000
X-25 Other liabilitiesStart of year $62,061$117,855
X-26 Total liabilitiesStart of year $15,167,866$15,233,656
X-27 Net assets without donor restrictionsStart of year −$10,348,234−$11,835,652
X-32 Total net assets or fund balancesStart of year −$10,348,234−$11,835,652
X-33 Total liabilities and net assetsStart of year $4,819,632$3,398,004
Part XI · Reconciliation of net assets −$11,835,652 net assets at year end
XI-1 Total revenue$122,070
XI-2 Total expenses$1,658,135
XI-3 Revenue less expenses−$1,536,065
XI-4 Net assets at start of year−$10,348,234
XI-8 Prior period adjustments$48,647
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$11,835,652

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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