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Nonprofiteer
← MARIN COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by MARIN COMMUNITY FOUNDATION.

Totals

Total revenue
$374,829,985
Total expenses
$265,588,434
Contributions and grants received
$289,507,942
Grants paid
$238,833,857
Program service revenue
$15,762,535
Investment income
$69,559,508
Other revenue
$0
Total assets, end of year
$1,314,487,609
Total liabilities, end of year
$153,593,220
Net assets or fund balances, end of year
$1,160,894,389
Program services expenses (Part IX)
$256,049,543
Management and general expenses
$6,814,618
Fundraising expenses
$2,724,273
Program service expenses (Part III)
$256,049,543

Program services were 96.4% 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.

  • 1d · Related organizations

    $10,949,648

  • 1f · All other contributions, gifts and grants

    $278,558,294

  • 1g · Noncash contributions included above

    $172,016,790

  • 2a · Program service revenue: ADMIN ALLOC-BUCK TRUST

    total $11,395,903 · related or exempt $11,395,903

  • 2b · Program service revenue: ADMIN FEES-RELATED ORG

    total $3,601,726 · related or exempt $3,601,726

  • 2c · Program service revenue: PRI INTEREST INCOME

    total $764,906 · related or exempt $764,906

  • 3 · Investment income

    total $22,096,109 · unrelated business $761,868 · excluded $21,334,241

  • 7a · Gross sales of assets other than inventory

    securities $499,804,040

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

    securities $452,340,641

  • 7c · Gain or loss

    securities $47,463,399

  • 7d · Net gain or loss

    total $47,463,399 · excluded $47,463,399

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $184,956,144 · program services $184,956,144

  • 2 · Grants to domestic individuals

    total $40,800 · program services $40,800

  • 3 · Grants to foreign organizations and individuals

    total $53,836,913 · program services $53,836,913

  • 5 · Compensation of officers, directors and key employees

    total $2,127,230 · program services $568,073 · management and general $1,275,120 · fundraising $284,037

  • 7 · Other salaries and wages

    total $8,536,454 · program services $6,992,886 · management and general $337,634 · fundraising $1,205,934

  • 8 · Pension plan contributions

    total $843,666 · program services $624,551 · management and general $88,977 · fundraising $130,138

  • 9 · Other employee benefits

    total $1,671,911 · program services $1,174,833 · management and general $272,567 · fundraising $224,511

  • 10 · Payroll taxes

    total $680,715 · program services $490,658 · management and general $94,342 · fundraising $95,715

  • 11b · Fees: legal

    total $528,526 · program services $296,324 · management and general $179,889 · fundraising $52,313

  • 11c · Fees: accounting

    total $398,580 · program services $210,591 · management and general $145,617 · fundraising $42,372

  • 11f · Fees: investment management

    total $2,557,311 · management and general $2,557,311

  • 11g · Fees: other

    total $2,844,543 · program services $2,774,915 · fundraising $69,628

  • 12 · Advertising and promotion

    total $525,545 · program services $288,035 · management and general $157,969 · fundraising $79,541

  • 13 · Office expenses

    total $78,025 · program services $42,215 · management and general $25,197 · fundraising $10,613

  • 14 · Information technology

    total $1,090,036 · program services $565,895 · management and general $406,054 · fundraising $118,087

  • 16 · Occupancy

    total $1,764,338 · program services $915,482 · management and general $657,617 · fundraising $191,239

  • 17 · Travel

    total $99,884 · program services $80,699 · management and general $8,396 · fundraising $10,789

  • 19 · Conferences, conventions and meetings

    total $749,633 · program services $696,801 · management and general $19,267 · fundraising $33,565

  • 22 · Depreciation, depletion and amortization

    total $789,145 · program services $409,472 · management and general $294,136 · fundraising $85,537

  • 23 · Insurance

    total $182,927 · program services $94,917 · management and general $68,182 · fundraising $19,828

  • 24a · Other expenses: OTHER EXPENSES

    total $1,286,108 · program services $989,339 · management and general $226,343 · fundraising $70,426

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $33,663,255 · end of year $39,229,277

  • 4 · Accounts receivable

    beginning of year $3,932,764 · end of year $18,016,216

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,404,587 · end of year $14,047,811

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

    $11,139,389

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

    $9,432,342

  • 10c · Land, buildings and equipment, net

    beginning of year $2,070,503 · end of year $1,707,047

  • 11 · Investments: publicly traded securities

    beginning of year $586,034,965 · end of year $682,692,630

  • 12 · Investments: other securities

    beginning of year $449,911,101 · end of year $516,595,509

  • 13 · Investments: program-related

    beginning of year $17,195,850 · end of year $17,725,877

  • 15 · Other assets

    beginning of year $25,775,414 · end of year $24,473,242

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,871,667 · end of year $5,386,120

  • 18 · Grants payable

    beginning of year $52,286,500 · end of year $56,593,232

  • 19 · Deferred revenue

    beginning of year $2,865 · end of year $60,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,130,000 · end of year $11,180,000

  • 25 · Other liabilities

    beginning of year $76,813,850 · end of year $80,373,868

  • 27 · Net assets without donor restrictions

    beginning of year $865,482,585 · end of year $1,032,451,462

  • 28 · Net assets with donor restrictions

    beginning of year $136,400,972 · end of year $128,442,927

Mission and programs · 2024

Mission

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

  • IN FISCAL YEAR 2025, MARIN COMMUNITY FOUNDATION (MCF) GRANTED OVER $200 MILLION FROM ITS FAMILY AND COMMUNITY FUNDS TO NONPROFITS IN MARIN COUNTY, ELSEWHERE IN THE U.S., AND AROUND THE WORLD. THESE GRANTS SUPPORTED A WIDE RANGE OF COMMUNITY NEEDS, INCLUDING SOCIAL SERVICES, EDUCATIONAL PROGRAMS, THE ARTS AND ENVIRONMENTAL ISSUES.

    Expenses $256,049,543 · Grants $238,833,858 · Revenue $15,762,535

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RHEA SUH

    PRESIDENT & CEO

    Total calculated
    $732,783
    From this org
    $672,522
    From related orgs
    $0
    Other
    $60,261
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $633,593
    Bonus
    $0
    Other
    $38,929
    Deferred
    $41,400
    Nontaxable benefits
    $18,861
    Filer's total
    $732,783

  • LAUREN MCCLELLAND

    CHIEF FINANCIAL OFFICER

    Total calculated
    $412,083
    From this org
    $361,051
    From related orgs
    $0
    Other
    $51,032
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $322,863
    Bonus
    $0
    Other
    $38,188
    Deferred
    $39,585
    Nontaxable benefits
    $11,447
    Filer's total
    $412,083

  • VIKKI GARROD

    CHIEF OF STAFF

    Total calculated
    $419,074
    From this org
    $345,810
    From related orgs
    $0
    Other
    $73,264
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $340,601
    Bonus
    $0
    Other
    $5,209
    Deferred
    $41,168
    Nontaxable benefits
    $32,096
    Filer's total
    $419,074

  • JANELLE CAVANAGH

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $367,211
    From this org
    $307,132
    From related orgs
    $0
    Other
    $60,079
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $302,924
    Bonus
    $0
    Other
    $4,208
    Deferred
    $36,735
    Nontaxable benefits
    $23,344
    Filer's total
    $367,211

  • LAURA GOFF

    FORMER VP OF IT (THRU 05/24)

    Total calculated
    $403,966
    From this org
    $364,340
    From related orgs
    $0
    Other
    $39,626
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $103,957
    Bonus
    $0
    Other
    $260,383
    Deferred
    $12,635
    Nontaxable benefits
    $26,991
    Filer's total
    $403,966

  • ASHLEY SMITH

    SECRETARY (THRU 03/25)

    Total calculated
    $215,910
    From this org
    $158,020
    From related orgs
    $0
    Other
    $57,890
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $138,721
    Bonus
    $10,000
    Other
    $9,299
    Deferred
    $17,759
    Nontaxable benefits
    $40,131
    Filer's total
    $215,910

  • SA HARTMAN

    FORMER CFO (THRU 12/23)

    Total calculated
    $495,835
    From this org
    $495,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $495,835
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $495,835

  • MAUREEN SEDONAEN

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MITCHELL COHEN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ROXANNE RICHARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MARK BUELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • RALPH GONZALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • PETER HAMILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • AILEEN LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRIGITTE MORAN

    DIRECTOR (THRU 06/25)

    Total calculated
    $0
    Hours/week
    5

  • SAUL PENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT J REYNOLDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DANIEL SKAFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • QUOC TRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEBRA WETHERBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
MARIN COMMUNITY FOUNDATION PROVIDES A REIMBURSEMENT OF UP TO $600 EACH CALENDAR YEAR FOR QUALIFIED HEALTH AND FITNESS EXPENSES TO ALL EMPLOYEES.
PART I, LINE 4A
SA HARTMAN, FORMER CHIEF FINANCIAL OFFICER, AND LAURA GOFF, FORMER VP OF IT, RECEIVED SEVERANCE COMPENSATION TOTALING $495,834.96 AND $221,018.58, RESPECTIVELY DURING THE 2024 CALENDAR YEAR.
PART I, LINE 7
DURING THE 2024 CALENDAR YEAR, ASHLEY SMITH RECEIVED A NON-FIXED BONUS OF $10,000 FOR PERFORMING EXTRA JOB DUTIES DURING THE 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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202621299349300222

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

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