2025-05-14T16:33:06-05:00 2024-06-30 812737245 LOPEZ ACCOUNTING GROUP 3500 WEST OLIVE AVENUE SUITE 680 BURBANK CA 91505 990 2023-07-01 237349231 THE LOS ANGELES VALLEY COLLEGE FOUNDATION LOSA 8189472619 5800 FULTON AVE VAN NUYS CA 91401 ANDREA G SCHMITT EXECUTIVE DIRECTOR 8189472619 2025-05-06 1 0 JUAN PABLO LOPEZ CPA P01367411 8188407075 2025-05-06 2023 2025-03-06 01:10:19Z ANDREA G SCHMITT 5800 FULTON AVE VAN NUYS CA 91401 1534057 0 X HTTP://WWW.LAVCFOUNDATION.ORG/ X 1991 CA PROMOTE THE EDUCATIONAL SKILLS OF STUDENTS THROUGH SCHOLARSHIPS AND GRANTS. 11 11 4 0 0 0 2553134 308995 0 0 181250 234593 0 0 2734384 543588 380615 372441 0 0 58183 110697 0 0 73926 301230 297671 740028 780809 1994356 -237221 9561798 10218577 482858 702853 9078940 9515724 PROMOTE THE EDUCATIONAL SKILLS OF STUDENTS THROUGH SCHOLARSHIPS AND GRANTS. 0 0 411836 372441 PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS AND STUDENT ORGANIZATIONS FOR EDUCATIONAL PURPOSES. 411836 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X SARAH SONG 8189472606 5800 FULTON AVE VAN NUYS CA 91401 JASON SCHAFF PRESIDENT 2.00 X X 0 0 0 ANTHONY QUIROGA VICE PRESIDENT 2.00 X X 0 0 0 SARAH SONG TREASURER 2.00 X X 0 0 0 SHARON J UDKOFF SECRETARY 2.00 X X 0 0 0 PAT BALLEW DIRECTOR 2.00 X 0 0 0 ELAINE BAYLOR DIRECTOR 2.00 X 0 0 0 KEVIN CROSBY DIRECTOR 2.00 X 0 0 0 ARAZ PARSEGHIAN DIRECTOR 2.00 X 0 0 0 ELIZABETH PENUELA DIRECTOR 2.00 X 0 0 0 THOMAS SOULE DIRECTOR 2.00 X 0 0 0 KEITH ZAVALA DIRECTOR 2.00 X 0 0 0 RONYA WATERS INTERIM EXECUTIVE DIRECTOR 40.00 X 80954 0 26738 ANDREA SCHMITT EXECUTIVE DIRECTOR 40.00 X 0 0 0 80954 0 26738 0 0 0 0 0 28450 280545 308995 256727 256727 968335 990469 -22134 -22134 -22134 543588 0 0 234593 X 152241 152241 220200 220200 110697 16605 60883 33209 52548 52548 49542 49542 146420 20413 91846 34161 27496 20940 6556 6502 6502 DONOR/BOARD RELATIONS 12786 12786 AWARDS 2377 2377 780809 411836 295047 73926 125641 192176 2225744 1694266 1400 7180417 8319797 28596 12338 9561798 10218577 42952 62325 439906 640528 482858 702853 X 607447 420929 8471493 9094795 9078940 9515724 9561798 10218577 -237221 674005 0 X 0 1 X 1 0 X 730995 696324 858809 2553134 308995 5148257 143551 140902 168483 158917 177399 789252 874546 837226 1027292 2712051 486394 5937509 1981489 3956020 189443 186283 276059 181133 256727 1089645 7027154 0.56300 0.62650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7684877 -20064 655340 1000 35638 8283515 5164598 2125590 394689 7684877 5972421 393778 -1201601 5164598 4960392 195695 816334 5972421 4649489 207594 105640 2331 4960392 1.00000 0 0 0 FUNDS HELD FOR OTHERS 640528 640528 X 1345450 674005 177399 851404 494046 49542 49542 543588 908666 177399 177399 731267 49542 49542 780809 PART V, LINE 4: THE EARNINGS OF THE FOUNDATION'S ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS AND AWARDS, CAMPUS PROGRAMS AND PROJECTS, PROFESSORSHIPS, AND FOUNDATION OPERATIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME AND EXCISE TAXES AND CALIFORNIA FRANCHISE TAXES AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED STATE CODES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE BUSINESS, REGULARY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE FOUNDATION EVALUATES TAX POSITIONS AND RECOGNIZES A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED "MORE LIKELY THAN NOT" TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. IF SUCH ISSUES EXIST, THE FOUNDATION'S POLICY WILL BE TO RECOGNIZE ANY TAX LIABILITY SO RECORDED, INCLUDING APPLICABLE INTEREST AND PENALTIES, AS A COMPONENT OF INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION RECOGNIZED NO INTEREST OR PENALTIES. THE FOUNDATION'S FEDERAL INCOME TAX AND INFORMATIONAL RETURNS REMAIN SUBJECT TO EXAMINATION FOR YEARS 2021 AND SUBSEQUENT BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS 2019 AND SUBSEQUENT. 1 LAVC DEPTS & PROJECTS 5800 FULTON AVE VAN NUYS CA 91401 952587353 501(C)(3) 152241 0 EDUCATION STUDENT SCHOLARSHIPS AND AWARDS 384 220200 PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS FOR GENERAL STUDENTS, TECHNICAL STUDENTS IN THE TRADES OR, SCHOLARSHIPS TO PARTICULAR DISCIPLIES AS MAY BE DESIGNATED BY A DONOR. THE SCHOLARSHIP COMMITTEE ASSURES THAT THE PROCESS FOR REVIEWING AND SELECTING RECIPIENTS IS BASED ACCORDING TO THE CRITERIA OF THE SCHOLARSHIP. THE FINAL REPORT ON THE SCHOLARSHIPS AWARDED BY THE FOUNDATION IS SENT TO THE FINANCIAL AID OFFICE WITH THE AMOUNTS OF THE SCHOLARSHIP AWARDED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUSTIDE CERTIFIED PUBLIC ACCOUNTANT FROM INFORMATION PROVIDED BY THE ORGANIZATION AND IT IS REVIEWED AND APPROVED BY THE ORGANIZATION'S TREASURER AND THE EXECUTIVE DIRECTOR. IT IS THEN CIRCULATED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS BOARD OF DIRECTORS TO REPORT ANY CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR WOULD REPORT SUCH CONFLICT TO THE PRESIDENT OF THE BOARD OF DIRECTORS TO DETERMINE IF ANY ACTION NEEDED TO OCCUR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 10,408. MANAGEMENT AND GENERAL EXPENSES 55,160. FUNDRAISING EXPENSES 14,150. TOTAL EXPENSES 79,718. STAFFING SERVICES: PROGRAM SERVICE EXPENSES 10,005. MANAGEMENT AND GENERAL EXPENSES 36,686. FUNDRAISING EXPENSES 20,011. TOTAL EXPENSES 66,702.