Fof1 Nmtc: FY2019 Nonprofit Profile & Form 990 (EIN 46-4072915)

Revenue by fiscal year
FY2019	$122K
FY2020	$122K
FY2021	$122K

Expenses by fiscal year
FY2019	$1.7M
FY2020	$1.7M
FY2021	$1.7M

Net assets by fiscal year
FY2019	−$8.8M
FY2020	−$10.3M
FY2021	−$11.8M

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.

99%

Program services 99% · $1.7M 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

Jeff Levison

Vice President

$0Pt VII · Sec A

Nina Oxborrow

Clerk

$0Pt VII · Sec A

Mark McKean

President

$0Pt VII · Sec A

Steve Cantu

Member

$0Pt VII · Sec A

Salvador Raygoza

Member

$0Pt VII · Sec A

Martin Maldonado

Member

$0Pt VII · Sec A

Bobby Lee

Member

$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 · $1.7M · in their own filed words · FY2019

01

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

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4072915) · Dispute this line

$1.7Mprogram expense

By the numbers

The FY2019 990, line by line.

Download 990

from philanthropy.org

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$1.7M

Managementcol C$10K

Owns and owesPt X

−$8.8M

net assets · Ln 32

Cash and savingsLn 1–2$126K

Total assetsLn 16$6.4M

LiabilitiesLn 26$15.1M

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

SavingsLn 2$126K

Cash and savings togetherLn 1–2$126K

Land, buildings, equipmentLn 10c$5.6M

Intangible assetsLn 14$544K

Other assetsLn 15$114K

Total assetsLn 16$6.4M

LiabilitiesLn 26$15.1M

Net assetsLn 32−$8.8M

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

Line	Start FY19	End FY19
Cash and savingsLn 1–2	$220K	$126K
Land, buildings, equipmentLn 10c	$7.5M	$5.6M
Total assetsLn 16	$8.4M	$6.4M
LiabilitiesLn 26	$15.2M	$15.1M
Net assetsLn 32	−$6.7M	−$8.8M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
InterestLn 20	$106K	$106K
Depreciation, depletion and amortizationLn 22	$1.5M	$1.5M
Other expenses (24a–d)Ln 24	$92K	$82K	$10K
Total functional expensesLn 25	$1.7M	$1.7M	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 LatestFiled 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
FY2019 ViewingFiled 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 FY2019 990

Part I · Summary $121,900 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 $935$1,108

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $121,727$121,900

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 $1,746,399$1,740,086

I-18 Total expensesPrior year $1,746,399$1,740,086

I-19 Revenue less expensesPrior year −$1,624,672−$1,618,186

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 $121,900 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 $1,108$1,108

VIII-12 Total revenueRelated to mission $120,792 · Unrelated business $0 · Excluded from tax $1,108$121,900

Part IX · Statement of functional expenses $1,740,086 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)Programs $81,950 · Management $9,996$91,946

IX-25 Total functional expensesPrograms $1,730,090 · Management $9,996 · Fundraising $0$1,740,086

Part X · Balance sheet $6,366,799 assets, 12 lines filed

X-2 Savings and temporary cash investmentsStart of year $220,366$125,539

X-10c Land, buildings and equipment, netStart of year $7,482,348$5,582,774

X-14 Intangible assetsStart of year $572,819$544,368

X-15 Other assetsStart of year $171,572$114,118

X-16 Total assetsStart of year $8,447,105$6,366,799

X-17 Accounts payable and accrued expensesStart of year $48,314$60,809

X-24 Unsecured notes and loans payableStart of year $15,035,000$15,035,000

X-25 Other liabilitiesStart of year $88,325$35,577

X-26 Total liabilitiesStart of year $15,171,639$15,131,386

X-27 Net assets without donor restrictionsStart of year −$6,724,534−$8,764,587

X-32 Total net assets or fund balancesStart of year −$6,724,534−$8,764,587

X-33 Total liabilities and net assetsStart of year $8,447,105$6,366,799

Part XI · Reconciliation of net assets −$8,764,587 net assets at year end

XI-1 Total revenue$121,900

XI-2 Total expenses$1,740,086

XI-3 Revenue less expenses−$1,618,186

XI-4 Net assets at start of year−$6,724,534

XI-8 Prior period adjustments−$421,867

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$8,764,587

Form 990 e-file FY2019 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Fof1 Nmtc FY2019 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Fof1 Nmtc

By the numbers

Filing history

Schedules filed Part IV