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Nonprofiteer
← REINVENT STOCKTON FOUNDATION

Form 990 for tax year 2022

Filed by REINVENT STOCKTON FOUNDATION.

Totals

Total revenue
$2,940,636
Total expenses
$11,146,892
Contributions and grants received
$3,409,085
Grants paid
$5,825,114
Program service revenue
$0
Investment income
-$468,449
Other revenue
$0
Total assets, end of year
$35,007,499
Total liabilities, end of year
$167,653
Net assets or fund balances, end of year
$34,839,846
Program services expenses (Part IX)
$9,870,402
Management and general expenses
$878,942
Fundraising expenses
$397,548
Program service expenses (Part III)
$9,870,402

Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $159,697

  • 1f · All other contributions, gifts and grants

    $3,249,388

  • 3 · Investment income

    total $482,497 · excluded $482,497

  • 7a · Gross sales of assets other than inventory

    securities $2,378,508

  • 7b · Less cost or other basis and sales expenses

    securities $3,329,454

  • 7c · Gain or loss

    securities -$950,946

  • 7d · Net gain or loss

    total -$950,946 · excluded -$950,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,537,487 · program services $4,537,487

  • 2 · Grants to domestic individuals

    total $1,287,627 · program services $1,287,627

  • 5 · Compensation of officers, directors and key employees

    total $562,119 · program services $449,695 · management and general $28,106 · fundraising $84,318

  • 7 · Other salaries and wages

    total $1,218,420 · program services $974,736 · management and general $237,923 · fundraising $5,761

  • 9 · Other employee benefits

    total $88,982 · program services $71,186 · management and general $14,399 · fundraising $3,397

  • 10 · Payroll taxes

    total $128,657 · program services $102,926 · management and general $19,298 · fundraising $6,433

  • 11c · Fees: accounting

    total $150,037 · management and general $150,037

  • 11g · Fees: other

    total $2,319,540 · program services $1,855,632 · management and general $347,931 · fundraising $115,977

  • 12 · Advertising and promotion

    total $400,615 · program services $240,369 · fundraising $160,246

  • 13 · Office expenses

    total $232,869 · program services $186,295 · management and general $34,931 · fundraising $11,643

  • 14 · Information technology

    total $63,595 · program services $50,876 · management and general $9,539 · fundraising $3,180

  • 16 · Occupancy

    total $44,176 · program services $31,206 · management and general $12,970

  • 17 · Travel

    total $84,569 · program services $67,655 · management and general $12,686 · fundraising $4,228

  • 22 · Depreciation, depletion and amortization

    total $710 · management and general $710

  • 23 · Insurance

    total $17,764 · program services $7,707 · management and general $8,130 · fundraising $1,927

  • 24a · Other expenses: PUBLIC RELATIONS

    total $7,776 · program services $6,221 · management and general $1,166 · fundraising $389

  • 24b · Other expenses: TAXES AND LICENSE FEE

    total $969 · management and general $969

  • 24e · All other expenses

    total $980 · program services $784 · management and general $147 · fundraising $49

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,498,421 · end of year $14,280,092

  • 3 · Pledges and grants receivable

    beginning of year $1,225,000 · end of year $970,945

  • 4 · Accounts receivable

    beginning of year $5,775,000 · end of year $84,560

  • 10a · Land, buildings and equipment: cost or other basis

    $15,393

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,393

  • 10c · Land, buildings and equipment, net

    beginning of year $710 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $17,333,415 · end of year $19,671,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,620,206 · end of year $167,653

  • 27 · Net assets without donor restrictions

    beginning of year $18,696,840 · end of year $15,593,132

  • 28 · Net assets with donor restrictions

    beginning of year $26,515,500 · end of year $19,246,714

Mission and programs · 2022

Mission

TO ATTRACT OUTSIDE INVESTMENT INTO THE STOCKTON COMMUNITY AND TO INVEST IN COLLECTIVE IMPACT STRATEGIES WITH TANGIBLE OUTCOMES THAT IMPROVE THE QUALITY OF LIFE IN THE CITY OF STOCKTON, CALIFORNIA.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF THE CITY OF STOCKTON, CALIFORNIA, AND TO RE-CREATE STOCKTON INTO A COMMUNITY OF OPPORTUNITY AND HOPE FOR ITS CITIZENS, ESPECIALLY ITS YOUTH, THROUGH THE SPONSORSHIP AND FUNDING OF PROGRAMS SPECIFICALLY DESIGNED TO PROMOTE THE REDEVELOPMENT OF THE BLIGHTED AREAS OF, AND TO ATTRACT OUTSIDE INVESTMENT INTO THE STOCKTON COMMUNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,181,953 · Grants $3,136,665

  • THE STOCKTON SERVICE CORPS (SSC) IS A PROJECT WHICH AIMS TO HARNESS AMERICORPS FELLOWSHIP SERVICE MODELS TO IMPROVE EDUCATIONAL OUTCOMES AND ADDRESS SOCIAL INEQUITIES IN STOCKTON. THE SSC TEAM AT RSF PRIMARILY WORKS TO COORDINATE AMERICORPS HOST ORGANIZATIONS AND COMMUNITY PARTNERS, CONNECT THEM TO RESOURCES, AND FACILITATE PARTNERSHIPS IN ORDER TO CREATE A COMMUNITY OF COLLECTIVE IMPACT.SUMMER OF SERVICE IS A SUMMER INTERNSHIP PROGRAM THAT SUPPORTS COLLEGE STUDENTS AND OTHER YOUNG PEOPLE IN ACCESSING PUBLIC SERVICE OPPORTUNITIES. 2,700 PEOPLE WERE SERVED IN 2022.

    Expenses $1,412,449 · Grants $1,412,449

  • STOCKTON SCHOLARS AIMS TO DRAMATICALLY INCREASE THE NUMBER OF STOCKTON STUDENTS WHO ENTER AND COMPLETE HIGHER EDUCATION WITHIN THE NEXT 10 YEARS. WE PURSUE THIS VISION THROUGH A PLACE-BASED, GUARANTEED SCHOLARSHIP FOR STOCKTON PUBLIC SCHOOL KIDS STARTING WITH THE CLASS OF 2019; TARGETED SUPPORT THROUGH THE COLLEGE APPLICATION PROCESS; AND HOSTING EVENTS AND CAMPAIGNS THAT BUILD A CITY-WIDE COLLEGE-GOING CULTURE, INCLUDING STOCKTON SCHOLARS SIGNING DAY. 1,432 SCHOLARSHIPS WERE AWARDED IN 2022.

    Expenses $1,276,000 · Grants $1,276,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Michael D Tubbs

    CHAIR

    Total calculated
    $202,612
    From this org
    $197,399
    From related orgs
    $0
    Other
    $5,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,399
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,213
    Filer's total
    $202,612

  • Christy Wise

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Cindy Foster

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michael P Duffy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chistie Marchese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Natalia Orfanos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Moses Zapien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nikolas Howard

    EXEC DIRECTOR

    Total calculated
    $184,653
    From this org
    $184,499
    From related orgs
    $0
    Other
    $154
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,499
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $154
    Filer's total
    $184,653

  • Samra K Sukhjit

    MGI DIRECTOR

    Total calculated
    $174,854
    From this org
    $169,702
    From related orgs
    $0
    Other
    $5,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,702
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,152
    Filer's total
    $174,854

  • Cameron Burns

    MGI DEPUTY DIRECTOR

    Total calculated
    $136,882
    From this org
    $131,762
    From related orgs
    $0
    Other
    $5,120
    Hours/week
    40

  • Erika Almazan

    SSC DIRECTOR

    Total calculated
    $139,329
    From this org
    $138,635
    From related orgs
    $0
    Other
    $694
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • STOCKTON ECONOMIC EMPOWERMENT DEMONSTRATION LLC

    CHARITABLE AND ECONOMIC ASSISTANCE · CA · income $0 · assets $246,549

    Directly controlled by REINVENT STOCKTON FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349312620

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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