Fountain Valley Community Foundation

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Develop activities and Community events that foster the participation of a broad base of the population, focusing on events and activities that will bring the Community together.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 4
filings with a surplus
Average surplus $69K a year · 17% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$649K
+70% vs prior year
Spent
$519K
To programs
97%
Net assets
$396K
By yearFY2020–FY2024
Revenue
$649K
FY2024▲ +70%
Tap a bar for its year
Revenue by fiscal year
FY2020$99K
FY2021$311K
FY2022$302K
FY2023$382K
FY2024$649K
Expenses
$519K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$132K
FY2022$243K
FY2023$475K
FY2024$519K
Net assets
$396K
FY2024▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$114K
FY2021$299K
FY2022$358K
FY2023$266K
FY2024$396K

From the FY2024 Form 990 (year ending June 2024) · 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 Mar 2009.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $502K Management & general 1% · $7K Fundraising 2% · $9K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fountain Valley Community Foundation 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

Organizes community events and activities to bring people together.

Questions for Fountain Valley Community Foundation

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1 program · $502K · in their own filed words · FY2023
01

Develop activities and community events that foster the participation of a broad base of the population, focusing on events and activities that will bring the community together.

$502Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$13K
Grants paid · 5 grants · $53K · 2021–2022
City of Fountain ValleyFY2022$10,600
City of Fountain ValleyFY2021$13,100

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$649K
Ln 12
Gifts and grantsLn 1h$335K
Fees for servicesLn 2g$302K
Investment incomeLn 3$13K
Money outPt IX
$519K
Ln 25
Programscol B$502K
Managementcol C$7K
Fundraisingcol D$9K
Owns and owesPt X
$396K
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$557K
LiabilitiesLn 26$161K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$335K
Fees for servicesLn 2g$302K
Investment incomeLn 3$13K
Gains on assetsLn 7$0
Total revenueLn 12$649K
Assets in detailPt X, end of year
CashLn 1$345K
Cash and savings togetherLn 1–2$345K
Pledges and grants receivableLn 3$103K
Notes and loans receivableLn 7$101K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$557K
LiabilitiesLn 26$161K
Net assetsLn 32$396K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$259K$345K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K$7K
Total assetsLn 16$367K$557K
LiabilitiesLn 26$101K$161K
Net assetsLn 32$266K$396K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$97K$97K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$337$337
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$527$527
InsuranceLn 23$733$733
Other expenses (24a–d)Ln 24$419K$405K$5K$9K
All other expensesLn 24e$477$477
Total functional expensesLn 25$519K$502K$7K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 5, 2024 $649K$519K$130K$396K 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $382K$475K−$93K$266K 990 PDF
FY2022Filed with the IRS Feb 1, 2023 $302K$243K$59K$358K 990 PDF
FY2021Filed with the IRS Feb 23, 2022 $311K$132K$179K$299K 990 PDF
FY2020Filed with the IRS Aug 13, 2021 $99K$114K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $648,899 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,927$334,561
I-9 Program service revenuePrior year $300,110$301,826
I-10 Investment incomePrior year $1,994$12,512
I-11 Other revenue$0
I-12 Total revenuePrior year $382,031$648,899
I-13 Grants and similar amounts paidPrior year $72,078$97,400
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $402,547$421,332
I-18 Total expensesPrior year $474,625$518,732
I-19 Revenue less expensesPrior year −$92,594$130,167
Part VI · Governance 12 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $648,899 across 9 lines filed
VIII-1f All other contributions, gifts and grants$334,561
VIII-1h Total contributions, gifts and grants$334,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $301,826$301,826
VIII-3 Investment incomeExcluded from tax $12,512$12,512
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $301,826 · Excluded from tax $12,512$648,899
Part IX · Statement of functional expenses $518,732 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $97,400$97,400
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $337$337
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $527$527
IX-23 InsuranceManagement $733$733
IX-24 Other expenses (24a–d)Programs $404,501 · Management $5,344 · Fundraising $9,413$419,258
IX-24e All other expensesManagement $477$477
IX-25 Total functional expensesPrograms $501,901 · Management $7,418 · Fundraising $9,413$518,732
Part X · Balance sheet $556,894 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $70,404$345,274
X-2 Savings and temporary cash investmentsStart of year $188,115$0
X-3 Pledges and grants receivableStart of year $24,270$103,350
X-4 Accounts receivableStart of year $75,543$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$101,151
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $733$0
X-10c Land, buildings and equipment, netStart of year $7,646$7,119
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $366,711$556,894
X-17 Accounts payable and accrued expensesStart of year $67,842$117,077
X-25 Other liabilitiesStart of year $33,078$43,859
X-26 Total liabilitiesStart of year $100,920$160,936
X-27 Net assets without donor restrictionsStart of year $94,103$127,730
X-28 Net assets with donor restrictionsStart of year $171,688$268,228
X-32 Total net assets or fund balancesStart of year $265,791$395,958
X-33 Total liabilities and net assetsStart of year $366,711$556,894
Part XI · Reconciliation of net assets $395,958 net assets at year end
XI-1 Total revenue$648,899
XI-2 Total expenses$518,732
XI-3 Revenue less expenses$130,167
XI-4 Net assets at start of year$265,791
XI-10 Net assets at end of year$395,958

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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