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Nonprofiteer
← PETER E HAAS JR FAMILY FUND

Form 990 for tax year 2023

Filed by PETER E HAAS JR FAMILY FUND.

Totals

Total revenue
$18,849,160
Total expenses
$19,054,333
Contributions and grants received
$0
Grants paid
$17,685,351
Program service revenue
$0
Investment income
$18,849,160
Other revenue
$0
Total assets, end of year
$609,299,405
Total liabilities, end of year
$4,904,302
Net assets or fund balances, end of year
$604,395,103
Program services expenses (Part IX)
$18,480,189
Management and general expenses
$574,144
Fundraising expenses
$0
Program service expenses (Part III)
$18,480,189

Program services were 97.0% 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.

  • 3 · Investment income

    total $13,153,608 · excluded $13,153,608

  • 7a · Gross sales of assets other than inventory

    securities $6,655,552

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

    securities $960,000

  • 7c · Gain or loss

    securities $5,695,552

  • 7d · Net gain or loss

    total $5,695,552 · excluded $5,695,552

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,685,351 · program services $17,685,351

  • 5 · Compensation of officers, directors and key employees

    total $326,776 · program services $326,776

  • 7 · Other salaries and wages

    total $195,942 · program services $195,942

  • 8 · Pension plan contributions

    total $21,063 · program services $21,063

  • 9 · Other employee benefits

    total $78,067 · program services $78,067

  • 10 · Payroll taxes

    total $32,178 · program services $32,178

  • 11b · Fees: legal

    total $34,384 · program services $34,384

  • 11c · Fees: accounting

    total $36,551 · management and general $36,551

  • 11f · Fees: investment management

    total $231,257 · management and general $231,257

  • 13 · Office expenses

    total $71,576 · program services $71,576

  • 14 · Information technology

    total $2,027 · program services $2,027

  • 16 · Occupancy

    total $18,000 · program services $18,000

  • 17 · Travel

    total $14,825 · program services $14,825

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $306,336 · management and general $306,336

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,241,982 · end of year $4,898,631

  • 12 · Investments: other securities

    beginning of year $481,102,285 · end of year $604,400,774

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,384 · end of year $29,643

  • 18 · Grants payable

    beginning of year $2,930,387 · end of year $4,632,691

  • 25 · Other liabilities

    beginning of year $58,420 · end of year $241,968

  • 27 · Net assets without donor restrictions

    beginning of year $481,335,076 · end of year $604,395,103

Mission and programs · 2023

Mission

MOBILIZING THE POWER OF COMMUNITY AND THE RESOURCES OF PHILANTHROPY TO ADVANCE EQUITY FOR PEOPLE, PLACES AND THE PLANET.

Activities or mission (Part I)

MOBILIZING THE POWER OF COMMUNITY AND THE RESOURCES OF PHILANTHROPY (CONTINUATION ON SCH O) TO ADVANCE EQUITY FOR PEOPLE, PLACES AND THE PLANET.

  • TO SUPPORT SOCIAL SERVICES, ACTIVELY ENCOURAGE INNOVATION AND EQUITY IN EDUCATION AND HEALTH, AND TO FOSTER TRANSFORMATION IN COMMUNITY NORMS. DURING THE FISCAL YEAR ENDING JUNE 30, 2024, THE FOUNDATION AWARDED GRANTS FOR $17,685,351.

    Expenses $18,480,189 · Grants $17,685,351

As filed on the 2023 return.

Listed in Part VII

  • Edward Wang

    DIRECTOR (START 4/24)

    Total calculated
    $95,561
    From this org
    $0
    From related orgs
    $83,764
    Other
    $11,797
    Hours/week
    0.1 + 37.5 related
  • Janelle Cavanagh

    DIRECTOR (START 6/23)

    Total calculated
    $377,518
    From this org
    $0
    From related orgs
    $297,502
    Other
    $80,016
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,347 related
    Bonus
    $0
    Other
    $0 + $5,155 related
    Deferred
    $0 + $57,996 related
    Nontaxable benefits
    $0 + $22,020 related
    Filer's total
    $0 + $377,518 related
  • Ralph Lewin

    EXECUTIVE DIRECTOR

    Total calculated
    $316,143
    From this org
    $245,157
    From related orgs
    $0
    Other
    $70,986
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $240,668
    Bonus
    $0
    Other
    $4,489
    Deferred
    $29,441
    Nontaxable benefits
    $41,545
    Filer's total
    $316,143
  • Jonathan Logan

    DIRECTOR (THRU 4/24)

    Total calculated
    $304,270
    From this org
    $0
    From related orgs
    $245,069
    Other
    $59,201
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,542 related
    Bonus
    $0
    Other
    $0 + $5,527 related
    Deferred
    $0 + $30,146 related
    Nontaxable benefits
    $0 + $29,055 related
    Filer's total
    $0 + $304,270 related
  • Rhea Suh

    PRESIDENT & CEO

    Total calculated
    $730,780
    From this org
    $0
    From related orgs
    $653,900
    Other
    $76,880
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $615,750 related
    Bonus
    $0
    Other
    $0 + $38,150 related
    Deferred
    $0 + $60,100 related
    Nontaxable benefits
    $0 + $16,780 related
    Filer's total
    $0 + $730,780 related
  • Lauren McClelland

    CFO (START 1/24)

    Total calculated
    $349,574
    From this org
    $0
    From related orgs
    $283,096
    Other
    $66,478
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,381 related
    Bonus
    $0
    Other
    $0 + $16,715 related
    Deferred
    $0 + $55,066 related
    Nontaxable benefits
    $0 + $11,412 related
    Filer's total
    $0 + $349,574 related
  • Ashley Smith

    SECRETARY

    Total calculated
    $173,697
    From this org
    $0
    From related orgs
    $120,545
    Other
    $53,152
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,162 related
    Bonus
    $0
    Other
    $0 + $2,383 related
    Deferred
    $0 + $15,416 related
    Nontaxable benefits
    $0 + $37,736 related
    Filer's total
    $0 + $173,697 related
  • Sa Hartman

    CFO (THRU 12/23)

    Total calculated
    $557,405
    From this org
    $0
    From related orgs
    $459,414
    Other
    $97,991
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,259 related
    Bonus
    $0
    Other
    $0 + $81,155 related
    Deferred
    $0 + $62,100 related
    Nontaxable benefits
    $0 + $35,891 related
    Filer's total
    $0 + $557,405 related
  • Stephanie Martinez

    PROGRAM MANAGER

    Total calculated
    $144,078
    From this org
    $121,198
    From related orgs
    $0
    Other
    $22,880
    Hours/week
    37.5

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY A RELATED ORGANIZATION, MARIN COMMUNITY FOUNDATION (MCF). THE FOLLOWING IS THE REVIEW AND APPROVAL PROCESS IN DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND CEO: THE PRESIDENT AND CEO IS THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION, AND THEIR COMPENSATION PACKAGE IS REVIEWED AND DECIDED UPON ANNUALLY. A COMPENSATION COMMITTEE COMPRISED OF SEVERAL INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS IS ESTABLISHED ANNUALLY. AS PART OF THIS PROCESS, THE COMPENSATION COMMITTEE PREPARES A WRITTEN PERFORMANCE APPRAISAL WITH INPUT FROM ALL BOARD MEMBERS. FURTHER, THE COMMITTEE COMPARES THE PRESIDENT'S COMPENSATION TO THAT OF OTHERS IN SIMILAR POSITIONS USING VARIOUS SURVEYS. EVERY FEW YEARS, THE COMMITTEE ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT TO EVALUATE THE PRESIDENT'S COMPENSATION PACKAGE TO DETERMINE IF THE COMPONENTS, AS WELL AS THE PACKAGE AS A WHOLE CONTINUE TO BE FAIR AND REASONABLE. DURING EXECUTIVE SESSION AT THE END OF THE FISCAL YEAR, WITH ALL BOARD MEMBERS ATTENDING, THE COMMITTEE REPORTS THEIR FINDINGS, THE OVERALL APPRAISAL, AND THEIR RECOMMENDATION. AFTER REVIEW AND DISCUSSION, THE BOARD DETERMINES THE PRESIDENT AND CEO'S COMPENSATION FOR THE NEXT YEAR.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALCOHOL JUSTICE

    501(C)(3) · PROMOTE PUBLIC HEALTH · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • CERITY PARTNERS FOUNDATION

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • DAGMAR DOLBY FUND

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • KURLAND FAMILY FOUNDATION

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • LYNX FOUNDATION

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • MARGARET E HAAS FUND

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • MARIN COMMUNITY FOUNDATION

    501(C)(3) · GRANTMAKING · CA

  • PRESIDIO THEATRE

    501(C)(3) · SUPPORT THE DEVELOPMENT & OPERATION OF A COMMUNITY THEATER IN THE PRESIDIO · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • MCF GIFT FUND INC

    501(C)(3) · SUPPORT MARIN COMMUNITY FOUNDATION AND ITS GOALS · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • RAY DOLBY LEGACY FUND

    501(C)(3) · GRANTMAKING · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • EQUATION CAMPAIGN & GLOBAL CLIMATE LEGAL DEFENSE

    501(C)(3) · SUPPORT MARIN COMMUNITY FOUNDATION AND ITS GOALS · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

  • MCF PHILANTHROPIC FUND

    501(C)(3) · SUPPORT MARIN COMMUNITY FOUNDATION AND ITS GOALS · CA

    Directly controlled by MARIN COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349308391

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