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Charitable Ventures of Orange County, Inc.

 4041 MacArthur Blvd., Suite 510
 Newport Beach, CA 92660
[P] (714) 597-6630 x 119
[F] (714) 597-6630
www.charitableventuresoc.org
[email protected]
Susan Winterhoff
FOUNDED: 2007
INCORPORATED: 2007
 Printable 1 Page Summary
 Printable Profile
Organization DBA --
Former Names --
Organization received a competitive grant from the community foundation in the past five years Yes
Employer Identification Number 20-8756660 00000

Summary


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Mission StatementMORE »

Our mission is to provide resources and fiscal services to community initiatives in our region and throughout California. Our vision is to provide emerging charitable ventures the support they need to meet the diverse needs of our communities.

Mission Statement

Our mission is to provide resources and fiscal services to community initiatives in our region and throughout California. Our vision is to provide emerging charitable ventures the support they need to meet the diverse needs of our communities.

FinancialsMORE »

Fiscal Year 2018
Projected Expenses $6,076,435.00
Projected Revenue $7,299,393.00

ProgramsMORE »

  • Fiscal Sponsorship

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview


Mission Statement

Our mission is to provide resources and fiscal services to community initiatives in our region and throughout California. Our vision is to provide emerging charitable ventures the support they need to meet the diverse needs of our communities.

Background Statement

Charitable Ventures of Orange County (CVOC) was launched in 2007 by The Olin Group as a part of its mission to encourage the growth of innovative regional nonprofits. As a for-profit consulting firm dedicated to helping nonprofit organizations in Southern California, The Olin Group incorporated CVOC as a separate 501(c)3 nonprofit entity dedicated to providing fiscal sponsorship services. CVOC began in 2007 with seed funding from the Orange County Community Foundation and a commitment from The Olin Group to subsidize operations with staffing and infrastructure. CVOC provides community projects with fiscal sponsorship support, and continues to evolve inside a growing movement of fiscal sponsors dedicated to best practice and building communities through this model.

Since our founding, CVOC has sponsored 55 projects and a growing number of regional initiatives in Orange County and beyond. We continue to look for innovative projects and ideas that can help strengthen our communities.


Impact Statement

As we enter our 11th year of operations, Charitable Ventures of Orange County (CVOC) is proud to have incubated 55 charitable projects over the course of our history.  Founded in 2007 to provide fiscal sponsorship for local initiatives, CVOC’s sponsored projects now span such important issues as community development, mental health, child welfare, immigration, and health for children and adults. 

 


 


Needs Statement

CVOC is expanding our reach into our community and is looking to increase our revenue to support our goals for growth.  


CEO Statement

Charitable Ventures of Orange County (CVOC) began providing fiscal sponsorship services in 2007 and continues to evolve inside a growing movement of fiscal sponsors dedicated to best practice and building capacity through this model.   Our sponsored projects span important issues such as community development, mental health, child welfare, gang intervention, immigration, the hungry and homeless and so many more.    For us here at CVOC, the size of the fund doesn’t matter – but the potential to make a difference does.

Fiscal sponsorship is a complicated business model that requires rigorous fund accounting and segregation of assets.  It is not, as some have simplified it to be, simply the "borrowing" of another nonprofit's 501(c)(3) status.  Sponsored projects work with CVOC staff to raise and process donations for project operations.  Because of the many projects that we work with, each project receives a separate bank account and monthly financial statements that track transactions and use of restricted assets.  In addition to having a stellar onsite bookkeeping and project management team, we also partner with an accounting firm, law firm and audit firm that provide expertise and advice on our fiscal and legal processes.   These expenses are covered by the fee structure. 

Our main objective is to help our projects grow, operate and strategically develop the infrastructure they need to launch as a sustainable initiative in the community.  


Board Chair Statement

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Other Ways to Donate/Volunteer

You may donate by mail or online at www.charitableventuresoc.org.  If you wish to support one of our fiscally sponsored projects, please designate the project you wish to support, making check payable to Charitable Ventures of Orange County/PROJECT NAME 

Geographic Area Served

Central Orange County
West Orange County
South Orange County
North Orange County
South Orange County
Charitable Ventures of Orange provides fiscal sponsorship services to support charitable projects in Orange County and throughout California.

Organization Categories

  1. Community Improvement, Capacity Building - Nonprofit Management
  2. -
  3. -

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Programs


Fiscal Sponsorship

Fiscal sponsorship is a complicated business model that requires rigorous fund accounting and segregation of assets. It is not, as some have simplified it to be, simply the “borrowing” of another nonprofit’s501(c)(3) status. Sponsored projects work with CVOC staff to raise and process donations for project operations. CVOC provides donors with tax receipt paperwork and grantors with general reports on project progress. Because we work with many projects simultaneously, each project receives a separate bank account and monthly financial statements that track transactions and use of restricted assets. In addition to having a stellar onsite accounting and project management team, we also partner with a law firm and audit firm that provide expertise and advice on our fiscal and legal processes. These expenses are covered by the fiscal fees.
Budget  7,264,712
Category  Community Development, General/Other Organizational Development & Training
Population Served General/Unspecified
Program Short-Term Success  CVOC hopes to incubate 25-30 projects in 2018, helping them become sustainable as they serve the community. 
Program Long-Term Success  The long term success of Fiscal Sponsorship in Orange County will ultimately involve an increased amount of successfully launched projects who incorporate as sustainable organizations.        
Program Success Monitored By  Our success is monitored by the amount of funds raised, the breadth of projects, the number of projects who incorporate, affect systems change and impact research. 
Examples of Program Success  --

Management


CEO/Executive Director Mr. Ted Kim
CEO Term Start Jan 2017
CEO Email [email protected]
CEO Experience --

Former CEOs and Terms

Name Start End
Mr. Daniel Stetson Aug 2016 Jan 2017
Mrs. Anne Olin Jan 2007 Aug 2016

Senior Staff

Name Title Experience/Biography
Mr. Ted Kim Chief Operating Officer --
Ms. Jin Sim Controller --
Ms. Susan Winterhoff Human Resources & Program Director --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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Staff Information

Number of Full Time Staff 6
Number of Part Time Staff 0
Number of Volunteers 298
Number of Contract Staff 0
Staff Retention Rate % 75%
Staff Professional Development Yes

Staff Demographics

Ethnicity African American/Black: --
Asian American/Pacific Islander: 3
Caucasian: 2
Hispanic/Latino: 1
Native American/American Indian: --
Other: --
Other (if specified): --
Gender Female: 4
Male: 2
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers --
Management Succession Plan Under Development
Organization Policies And Procedures Yes
Business Continuity of Operations Plan Yes

Risk Management Provisions

Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes --
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Government Licenses

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CEO Comments

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Foundation Comments

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Governance


Board Chair Ms. Anne Olin
Board Chair Company Affiliation The Olin Group
Board Chair Term Sept 2007 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. John Benner -- --
Mr. Stephen Kight Retired Voting
Ms. Melinda Konoske MK Consulting Syndicate Voting
Mr. Ryan Maughan Ryan Maughan Law Voting
Ms. Anne Olin The Olin Group Voting
Mr. John Rohrer Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Additional Board Members and Affiliations

Name Company Affiliations Status
Mr. Todd Hanson Orange County Community Foundation NonVoting

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: --
Other (if specified): --
Gender Female: 2
Male: 4
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % 90%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Board Orientation Yes

CEO Comments

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Foundation Comments

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Standing Committees

  • Finance

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Revenue $7,299,393.00
Projected Expenses $6,076,435.00
Form 990s

2016 Form 990

2015 Form 990

2014 CVOC 990 2014

2013 Form 990

2012 Form 990

Audit Documents

2016 CVOC Audit 2016

2015 CVOC Audit 2015

2014 CVOC Audit 2014

2013 CVOC Audit 2013

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 2015 2014
Total Revenue $5,184,464 $3,570,167 $1,754,651
Total Expenses $4,615,507 $3,568,381 $1,526,638

Prior Three Years Revenue Sources

Revenue By Revenue Source
Fiscal Year 2016 2015 2014
Foundation and
Corporation Contributions
$3,872,093 $2,437,835 $1,407,680
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- $0 --
Individual Contributions -- -- --
Indirect Public Support -- $0 --
Earned Revenue $1,136,708 $1,081,681 $288,630
Investment Income, Net of Losses $1,150 $341 --
Membership Dues $15,815 $10,870 $42,489
Special Events $158,698 $39,440 $15,850
Revenue In-Kind -- $0 --
Other -- $0 --

Prior Three Years Expense Allocations

Expense By Type
Fiscal Year 2016 2015 2014
Program Expense $3,789,504 $2,989,268 $1,182,704
Administration Expense $793,878 $545,944 $329,698
Fundraising Expense $32,125 $33,169 $14,236
Payments to Affiliates -- $0 --
Total Revenue/Total Expenses 1.12 1.00 1.15
Program Expense/Total Expenses 82% 84% 77%
Fundraising Expense/Contributed Revenue 1% 1% 1%

Prior Three Years Assets and Liabilities

Assets and Liabilities
Fiscal Year 2016 2015 2014
Total Assets $2,383,052 $2,346,548 $1,554,266
Current Assets $2,383,052 $2,343,407 $1,514,870
Long-Term Liabilities $107,215 $116,411 $45,596
Current Liabilities $1,216,075 $1,739,332 $1,019,651
Total Net Assets $1,059,762 $490,805 $489,019

Short Term Solvency

Fiscal Year 2016 2015 2014
Current Ratio: Current Assets/Current Liabilities 1.96 1.35 1.49

Long Term Solvency

Fiscal Year 2016 2015 2014
Long-term Liabilities/Total Assets 4% 5% 3%
Endowment Value --
Spending Policy --
Percentage(If selected) --
Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

CEO Comments

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Foundation Comments

Summary financial data is per the form 990s and consultation with the organization. Foundation/corporate and individual contributions are combined under Foundation and Corporation Contributions.

Documents