2024-11-12T17:56:21-06:00 2023-12-31 946214841 ARMANINO ADVISORY LLC 21650 OXNARD STREET STE 2400 WOODLAND HILLS CA 91367 990 2023-01-01 262458769 C5 YOUTH FOUNDATION OF SOUTHERN CALIFORNIA INC C5YO 3236864214 3100 NORTH BROADWAY LOS ANGELES CA 90031 JOSEPH COLLINS EXECUTIVE DIRECTOR 3236864214 2024-11-12 1 1 KATY BROWN P00650274 8185879300 2024-11-12 2023 2024-10-15 13:58:12Z C5LA JOSEPH COLLINS 3100 NORTH BROADWAY LOS ANGELES CA 90031 3229455 0 X WWW.C5LA.ORG X 2008 CA SEE SCHEDULE O 26 26 32 40 0 0 1693273 1306287 0 0 40432 62753 -14356 -30513 1719349 1338527 212535 210414 0 0 1063058 1069661 0 0 157035 913335 773986 2188928 2054061 -469579 -715534 6984334 7503416 144420 924111 6839914 6579305 X THE MISSION OF THE C5 YOUTH FOUNDATION OF SOUTHERN CALIFORNIA, ALSO KNOWN AS C5LA, IS TO CHANGE THE ODDS FOR HIGH-POTENTIAL TEENS FROM UNDER-RESOURCED COMMUNITIES BY INSPIRING THEM TO PURSUE PERSONAL SUCCESS, WHILE PREPARING THEM FOR LEADERSHIP ROLES IN - SEE SCHEDULE OSCHOOL, COLLEGE, WORK AND THEIR COMMUNITIES. WE ENCOURAGE C5LA TEENS TO BE CHARACTER-DRIVEN, COMMUNITY-FOCUSED, CHALLENGED READY, COLLEGE BOUND, AND COMMITED TO A BETTER FUTURE. 0 0 1668569 210414 THE MISSION OF C5 YOUTH FOUNDATION OF SOUTHERN CALIFORNIA IS TO CHANGE THE ODDS FOR HIGH-POTENTIAL TEENS FROM UNDER-RESOURCED COMMUNITIES BY INSPIRING THEM TO PURSUE PERSONAL SUCCESS, WHILE PREPARING THEM FOR LEADERSHIP ROLES IN SCHOOL, COLLEGE, WORK AND THEIR COMMUNITIES.OUR PROGRAMS ARE CENTERED AROUND THE BELIEF THAT ALL STUDENTS, REGARDLESS OF RACE, GENDER, SEXUAL IDENTITY, AND ECONOMIC STATUS HAVE THE POTENTIAL TO ACHIEVE THEIR ACADEMIC AND CAREER GOALS. WITH 100% OF OUR STUDENTS GRADUATING HIGH SCHOOL AND 95% OF THEM GOING INTO A 4-YEAR COLLEGE INSTITUTION, THE PROGRAM AND ITS IMPACT HAS SURPASSED EXPECTATIONS. 1668569 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 32 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CA X JOSEPH COLLINS 3236864214 3100 NORTH BROADWAY LOS ANGELES CA 90031 ROY LONGMAN CHAIR 2.00 X X 0 0 0 CAROL TRUSCOTT VICE CHAIR 1.00 X X 0 0 0 YOLANDA MACIAS SECRETARY 2.00 X X 0 0 0 KAREN MIESSNER TREASURER 1.00 X X 0 0 0 ALEX BELL DIRECTOR 1.00 X 0 0 0 JOEL BERMAN DIRECTOR 1.00 X 0 0 0 CHIDINMA CHIMA-MELTON DIRECTOR 1.00 X 0 0 0 NOEL COHEN DIRECTOR 1.00 X 0 0 0 CAM DAVIS DIRECTOR 1.00 X 0 0 0 JACKY DILFER DIRECTOR 1.00 X 0 0 0 VALENTIN GAZCON DIRECTOR 1.00 X 0 0 0 SUNNY HAN-JEON DIRECTOR 1.00 X 0 0 0 GARSON FOOS DIRECTOR 1.00 X 0 0 0 JAMES KARMIN DIRECTOR 1.00 X 0 0 0 SAMANTHA KLEIN DIRECTOR 1.00 X 0 0 0 WILEEN LEU DIRECTOR 1.00 X 0 0 0 EDI LOPEZ DIRECTOR 1.00 X 0 0 0 NINA MARINO DIRECTOR 1.00 X 0 0 0 ONYI NACIONALES DIRECTOR (THRU 01/23) 1.00 X 0 0 0 CINTA PUTRA DIRECTOR 1.00 X 0 0 0 STEVE SALAZAR DIRECTOR 1.00 X 0 0 0 CAROLE SCHERZER DIRECTOR 1.00 X 0 0 0 LARRY SCHERZER DIRECTOR 1.00 X 0 0 0 JEFFREY SEGAL DIRECTOR 1.00 X 0 0 0 ALINE TAIREH DIRECTOR 1.00 X 0 0 0 CARLOS VALDOVINOS DIRECTOR 1.00 X 0 0 0 ALYSSA WIENBERGER DIRECTOR 1.00 X 0 0 0 JOSEPH COLLINS EXECUTIVE DIRECTOR 40.00 X 235693 0 42133 235693 0 42133 1 0 1 0 YMCA CAMP OAKES PO BOX 452 BIG BEAR CITY CA 92314 RENTAL OF CAMP FACILITY 107332 1 386113 920174 32747 1306287 202803 202803 2797 4570 -1773 -1773 -1773 1651793 1791843 -140050 -140050 -140050 64175 386113 92650 -28475 -28475 1600 1865 -265 -265 1338527 -1773 0 34013 210414 210414 277825 151553 27782 98490 585233 549497 9320 26416 28040 23244 908 3888 113720 110850 1076 1794 64843 55069 2175 7599 96946 96946 34546 34546 41828 34855 3535 3438 160 160 19614 10265 8865 484 5529 1579 23 3927 160552 145615 13582 1355 166065 165535 530 16749 15804 899 46 2637 2637 3574 3574 20865 14382 6483 FIELD TRIPS 81293 81293 SUMMER CAMP & PROGRAMS 72260 72260 OTHER EVENT EXPENSES 25717 16809 8908 STIPENDS 9545 9545 16106 16106 2054061 1668569 228457 157035 25133 16250 1220609 1228059 880371 272695 24656 35524 926455 24202 3850 902253 4280695 4282641 541520 765694 7500 300 6984334 7503416 139371 116839 5049 5677 800000 0 1595 144420 924111 X 1016558 995419 5823356 5583886 6839914 6579305 6984334 7503416 -715534 454925 0 X 0 1 X 1 0 X 6244833 1472443 1909675 1693273 1306287 12626511 6244833 1472443 1909675 1693273 1306287 12626511 6820047 5806464 52154 178095 200565 181678 205600 818092 2000 2000 13446603 0.43180 0.42650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4822214 24 476096 250000 5048334 5801685 -729471 250000 4822214 5297680 754005 250000 5801685 5128583 169097 5297680 5000028 128555 5128583 0.00000 0.99043 0.00957 0 0 223317 223317 676683 2169 674514 26455 22033 4422 902253 FIXED INCOME 765694 F 765694 SECURITY DEPOSITS 1595 1595 X 1790223 454925 4570 459495 1330728 34546 -26747 7799 1338527 2050832 31317 31317 2019515 34546 34546 2054061 PART V, LINE 4: C5LA'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED BY A DONOR TO PROVIDE STUDENT SCHOLARSHIPS. PART X, LINE 2: C5LA IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA REVENUE AND TAXATION STATUTE; HOWEVER, UNRELATED BUSINESS ACTIVITIES WOULD BE SUBJECT TO INCOME TAX. NO SUCH ACTIVITIES HAVE BEEN CONDUCTED BY C5LA, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY C5LA AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF C5LA HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY C5LA, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. C5LA IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,570. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -26,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 26,747. RENTAL EXPENSES 4,570. URBAN CAMPFIRE 450288 386113 64175 24882 8822 44377 11319 3250 450288 386113 64175 24882 8822 44377 11319 3250 92650 -28475 CA 0 0 0 0 0 0 1 0 0 COLLEGE APPLICATION PAYMENTS 8 1980 FMV CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS 68 208434 FMV CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: EACH STUDENT SUBMITS AN APPLICATION FOR THE SCHOLARSHIP THAT INCLUDES THEIR FAMILY INCOME, THE COST OF THE SCHOOL, THE AMOUNT THEY ARE RECEIVING IN FINANCIAL AID AND THE PURPOSE THAT THEY WOULD USE THE FUNDS FOR. EACH SEMESTER WE REQUIRE EACH LEADER TO SUBMIT THEIR TRANSCRIPT TO BE SURE THAT THEY ARE STAYING FOCUSED ON THEIR ACADEMIC GOALS AND TO DETERMINE THAT THEY HAVE USED THE SCHOLARSHIP DOLLARS FOR THE APPROPRIATE PURPOSE. SINCE THIS IS A NEEDS-BASED SCHOLARSHIP AND AT THE REQUEST OF THE DONORS, WE GIVE THE STUDENT THE PERMISSION TO USE THE FUNDS AS THEY SEE FIT. X X X X 0 0 0 0 0 0 0 1 0 JOSEPH COLLINS EXECUTIVE DIRECTOR 221674 0 14019 0 0 0 11785 0 30348 0 277826 0 0 0 PART I, LINE 7 THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S BONUS. X 2 6002 FMV X GIFTS & EVENT TICKETS 9 26745 FMV 2 0 1 0 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 1: SCHOOL, COLLEGE, WORK, AND THEIR COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 2 LARRY SCHERZER AND CAROLE SCHERZER - FAMILY RELATIONSHIP LARRY & CAROLE SCHERZER AND JOEL BERMAN - BUSINESS RELATIONSHIP ROY LONGMAN AND GARSON FOOS - BUSINESS RELATIONSHIP GARSON FOOS AND YOLANDA MACIAS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 8B THE C5 YOUTH FOUNDATION OF SOUTHERN CALIFORNIA KEPT MEETING MINUTES FOR ALL BOARD MEETINGS, THE FINANCE & AUDIT COMMITTEE MEETINGS, AND THE EXECUTIVE COMMITTEE MEETINGS BUT NOT FOR THE DEVELOPMENT COMMITTEE MEETINGS. THESE COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY AND NO MINUTES ARE CURRENTLY TAKEN AT THE COMMITTEE LEVEL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE, AND THEN SUBMITTED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH C5LA'S CONFLICT OF INTEREST POLICY, C5LA DISTRIBUTES ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL OFFICERS, DIRECTORS, AND EMPLOYEES, WHICH REQUIRES DISCLOSURE OF ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. STAFF ENSURES COMPLETED QUESTIONNAIRES ARE RECEIVED FROM ALL REQUIRED RESPONDENTS, AND RESPONSES ARE REVIEWED BY THE EXECUTIVE DIRECTOR FOR COMPLIANCE. ANY CONFLICTS OR POTENTIAL CONFLICTS DISCLOSED ARE SHARED WITH THE EXECUTIVE COMMITTEE, WHO HAS THE POWER AND AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD, FOR ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE ALONG WITH THE FINANCE AND AUDIT COMMITTEE ARE INVOLVED WITH THE EXECUTIVE DIRECTOR'S EVALUATION, WHILE THE EXECUTIVE COMMITTEE REVIEWS EXECUTIVE DIRECTOR'S PERFORMANCE AND RECOMMENDS COMPENSATION LEVELS TO THE BOARD. A COMPENSATION SURVEY/STUDY IS PERFORMED, WHICH INVOLVES OBTAINING INFORMATION FROM VARIOUS RELATED INDUSTRIES AND ORGANIZATIONS IN SOUTHERN CALIFORNIA AND NONPROFIT PUBLICATIONS, INCLUDING REVIEWING THE TRINET AND THE FOUNDATION CENTER'S COMPENSATION STUDIES TO DETERMINE APPROPRIATE SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.