Ohlone College Foundation FY2021 filing

Tax-deductible

Fremont, CA501(c)(3)Since 1987EIN 77-0136497Revenue $516K in FY2021

On file with the IRSohlone.edu/foundation43600 Mission Blvd, 94539-5847 · Fremont, CATax-exempt since Oct 1991Publicly supported charity — 170(b)(1)(A)(vi)

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The Ohlone College Foundation supports the Ohlone community College inexecution of its strategic plan and provides assistance to thecollege, its programs and the students through fundraising andcommunity outreach programs.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $1.6M a year · 238% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$696K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 25 voting members
Looks good: 20 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$516K
-52% vs prior year
Spent
$1.0M
To programs
81%
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$516K
FY2021▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$516K
FY2022$649K
FY2023$568K
FY2024$589K
FY2024$943K
Expenses
$1.0M
FY2021▼ -86%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.5M
FY2021$1.0M
FY2022$1.3M
FY2023$887K
FY2024$796K
FY2024$718K
Net assets
$7.9M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$7.9M
FY2022$6.3M
FY2023$6.3M
FY2024$6.5M
FY2024$7.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1991.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $837K Management & general 8% · $86K Fundraising 11% · $114K

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

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Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
President/Supt.
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Ohlone College Foundation executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scholarships, faculty grants, and college programs for Ohlone Community College.

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Provided by the organization

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2 programs · $837K · in their own filed words · FY2020
01

The ohlone college foundation provided over $700,000 to support educational opportunities for the ohlone community college district through faculty grants, student scholarships, support for college programs, and funding the purchase of furniture, fixtures, and equipment.

$742Kprogram expense
02

The foundation provided over $23,000 in direct emergency cash grants to students impacted by COVID-19, and provided over $71,000 to ohlone college to purchase chromebook computers and wifi hotspots to support students who have proven technology needs for virtual remote learning.

$94Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$32K
Grants paid · 17 grants · $10.5M · 2019–2024
Ohlone Community College DisFY2024$228,585
Unitemized GrantFY2024$198,150
Ohlone Community College DisFY2023$313,793
Unitemized GrantFY2023$118,820
Ohlone Community College DistrictFY2022$439,546
Unitemized GrantFY2022$149,485
Unitemized GrantFY2022$300
Ohlone Community College DistrictFY2021$902,614
Unitemized GrantFY2021$253,525
Unitemized GrantFY2021$1,335
Unitemized GrantFY2021$800
Ohlone Community College DistrictFY2020$673,826
Unitemized GrantFY2020$194,870
Unitemized GrantFY2020$23,277
Ohlone Community College DistFY2019$6,739,290
Unitemized GrantFY2019$191,250
Unitemized GrantFY2019$35,800

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$516K
Ln 12
Gifts and grantsLn 1h$307K
Investment incomeLn 3$204K
Other incomeLn 4–11$4K
Money outPt IX
$1.0M
Ln 25
Programscol B$837K
Managementcol C$86K
Fundraisingcol D$114K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$8.6M
LiabilitiesLn 26$696K
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$307K
Noncash giftsLn 1g$31K
Fundraising eventsLn 1c$31K
Investment incomeLn 3$204K
Other incomeLn 4–11$4K
Gains on assetsLn 7$79K
Total revenueLn 12$516K
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$541K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$5.9M
Other assetsLn 15$755K
Total assetsLn 16$8.6M
LiabilitiesLn 26$696K
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 641
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.7M$1.9M
InvestmentsLn 11–13$5.1M$5.9M
Total assetsLn 16$8.5M$8.6M
LiabilitiesLn 26$1.0M$696K
Net assetsLn 32$7.5M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$674K$674K
Grants to domestic individualsLn 2$163K$163K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$56K$23K$34K
Other fees for servicesLn 11g$100K$40K$60K
Advertising and promotionLn 12$5K$2K$3K
Office expensesLn 13$993$398$595
Information technologyLn 14$6K$2K$4K
TravelLn 17$2K$854$1K
Other expenses (24a–d)Ln 24$7K$3K$4K
All other expensesLn 24e$11K$5K$7K
Total functional expensesLn 25$1.0M$837K$86K$114K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $589K$796K−$207K$6.5M 990 PDF
FY2023 $568K$887K−$320K$6.3M 990 PDF
FY2022 $649K$1.3M−$610K$6.3M 990 PDF
FY2021 Viewing $516K$1.0M−$521K$7.9M 990 PDF
FY2020 $1.1M$7.5M−$6.4M$7.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $515,574 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,868$307,235
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $712,558$203,839
I-11 Other revenuePrior year −$74,049$4,500
I-12 Total revenuePrior year $1,065,377$515,574
I-13 Grants and similar amounts paidPrior year $7,208,289$836,749
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 $264,775$199,935
I-18 Total expensesPrior year $7,473,064$1,036,684
I-19 Revenue less expensesPrior year −$6,407,687−$521,110
Part VI · Governance 20 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $515,574 across 8 lines filed
VIII-1c Fundraising events$30,700
VIII-1f All other contributions, gifts and grants$276,535
VIII-1g Noncash contributions (included above)$31,270
VIII-1h Total contributions, gifts and grants$307,235
VIII-3 Investment incomeExcluded from tax $124,767$124,767
VIII-7 Net gain or loss on sales of assetsExcluded from tax $79,072$79,072
VIII-8 Net income from fundraising eventsExcluded from tax $4,500$4,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $208,339$515,574
Part IX · Statement of functional expenses $1,036,684 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $673,826$673,826
IX-2 Grants to domestic individualsPrograms $162,923$162,923
IX-11c Accounting feesManagement $10,281$10,281
IX-11f Investment management feesManagement $22,546 · Fundraising $33,822$56,368
IX-11g Other fees for servicesManagement $40,177 · Fundraising $60,272$100,449
IX-12 Advertising and promotionManagement $2,168 · Fundraising $3,253$5,421
IX-13 Office expensesManagement $398 · Fundraising $595$993
IX-14 Information technologyManagement $2,360 · Fundraising $3,540$5,900
IX-17 TravelManagement $854 · Fundraising $1,281$2,135
IX-24 Other expenses (24a–d)Management $2,781 · Fundraising $4,174$6,955
IX-24e All other expensesManagement $4,573 · Fundraising $6,860$11,433
IX-25 Total functional expensesPrograms $836,749 · Management $86,138 · Fundraising $113,797$1,036,684
Part X · Balance sheet $8,560,649 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,212,476$1,376,562
X-2 Savings and temporary cash investmentsStart of year $489,269$540,845
X-3 Pledges and grants receivableStart of year $500$500
X-4 Accounts receivableStart of year $750$0
X-9 Prepaid expenses and deferred chargesStart of year $5,823$400
X-13 Program-related investmentsStart of year $5,077,918$5,887,165
X-15 Other assetsStart of year $691,611$755,177
X-16 Total assetsStart of year $8,478,347$8,560,649
X-17 Accounts payable and accrued expensesStart of year $31,442$22,977
X-18 Grants payableStart of year $162,200$189,050
X-19 Deferred revenueStart of year $39,765$0
X-25 Other liabilitiesStart of year $790,151$483,696
X-26 Total liabilitiesStart of year $1,023,558$695,723
X-27 Net assets without donor restrictionsStart of year $237,227$254,912
X-28 Net assets with donor restrictionsStart of year $7,217,562$7,610,014
X-32 Total net assets or fund balancesStart of year $7,454,789$7,864,926
X-33 Total liabilities and net assetsStart of year $8,478,347$8,560,649
Part XI · Reconciliation of net assets $7,864,926 net assets at year end
XI-1 Total revenue$515,574
XI-2 Total expenses$1,036,684
XI-3 Revenue less expenses−$521,110
XI-4 Net assets at start of year$7,454,789
XI-5 Net unrealized gains (losses) on investments$877,105
XI-9 Other changes in net assets$54,142
XI-10 Net assets at end of year$7,864,926

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

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