Orange County Community Foundation

What it reported doing in 2024

Discretionaryin alignment with our mission to transform our community's heartfelt intention into greater impact for good, occf continued to direct its discretionary resources toward multiple local initiatives: 1) workforce development initiative, to connect educational institutions and workforce development programs to in-demand, middle-skills jobs within targeted sectors in orange county via formalized pipelines; 2) oc veterans initiative toward assessment, referral, transition support, health, and career advancement for veterans returning to oc; and 3) oc opportunity initiative, toward ensuring immigrants successfully integrate into the economic and civic life of our community. These initiatives are much more than responsive grant programs. In each of these initiatives, occf is the trusted community partner with the relationships to both assemble and leverage funding resources, and the capacity to facilitate stronger partnerships between nonprofits to achieve collective impact. With a relatively modest investment of our discretionary grant funds, occf leveraged the contributions of a broad array of donors and funders to magnify our collective impact. In addition, occf continues to support local nonprofits though oc nonprofit central, a publicly available database of over 600 nonprofits located in or serving orange county.

Financial Efficiency

• Mission deployment rate: 96.7%; rating input score 97
• Program expense ratio: 95.2%; rating input score 95
• Fundraising efficiency: $89.41 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 3 of 8 controls in place; rating input score 38
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Fail
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 99.9%; rating input score 100; 46th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.2%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 5.49; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings

Growth

• Program expense growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
• Revenue growth: 7.8% per year; rating input score 100; 65th percentile among comparable filings
• Asset growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings