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Nonprofiteer
← COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY.

Totals

Total revenue
$3,221,396
Total expenses
$5,369,282
Contributions and grants received
$3,416,190
Grants paid
$3,255,958
Program service revenue
$0
Investment income
-$241,136
Other revenue
$46,342
Total assets, end of year
$75,470,661
Total liabilities, end of year
$3,744,079
Net assets or fund balances, end of year
$71,726,582
Program services expenses (Part IX)
$4,289,802
Management and general expenses
$794,788
Fundraising expenses
$284,692
Program service expenses (Part III)
$4,289,802

Program services were 79.9% 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.

  • 1c · Fundraising events

    $16,456

  • 1e · Government grants (contributions)

    $164,273

  • 1f · All other contributions, gifts and grants

    $3,235,461

  • 1g · Noncash contributions included above

    $380,691

  • 3 · Investment income

    total $1,726,688 · excluded $1,726,688

  • 7a · Gross sales of assets other than inventory

    securities $106,498,164

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

    securities $108,465,988

  • 7c · Gain or loss

    securities -$1,967,824

  • 7d · Net gain or loss

    total -$1,967,824 · excluded -$1,967,824

  • 8a · Fundraising events: gross income

    $99,089

  • 8a · Fundraising events: contributions included on line 1c

    $16,456

  • 8b · Fundraising events: direct expenses

    $55,758

  • 8c · Net income from fundraising events

    total $43,331 · excluded $43,331

  • 11a · Other revenue: OTHER REVENUE

    total $237,109 · related or exempt $237,109

  • 11b · Other revenue: CHANGE IN SPLIT INTEREST

    total $144,432 · related or exempt $144,432

  • 11c · Other revenue: INCOME HELD FOR OTHERS

    total -$378,530 · related or exempt -$378,530

  • 11e · Other revenue, total

    $3,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,899,350 · program services $2,899,350

  • 2 · Grants to domestic individuals

    total $326,608 · program services $326,608

  • 3 · Grants to foreign organizations and individuals

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $311,673 · program services $109,085 · management and general $140,253 · fundraising $62,335

  • 7 · Other salaries and wages

    total $621,255 · program services $217,439 · management and general $279,565 · fundraising $124,251

  • 8 · Pension plan contributions

    total $16,706 · program services $5,847 · management and general $7,518 · fundraising $3,341

  • 9 · Other employee benefits

    total $78,091 · program services $27,332 · management and general $35,141 · fundraising $15,618

  • 10 · Payroll taxes

    total $53,636 · program services $18,773 · management and general $24,136 · fundraising $10,727

  • 11b · Fees: legal

    total $1,563 · program services $508 · management and general $547 · fundraising $508

  • 11c · Fees: accounting

    total $27,650 · management and general $27,650

  • 11f · Fees: investment management

    total $248,043 · program services $248,043

  • 11g · Fees: other

    total $142,445 · management and general $142,445

  • 12 · Advertising and promotion

    total $13,024 · program services $4,298 · management and general $4,428 · fundraising $4,298

  • 13 · Office expenses

    total $38,778 · program services $12,797 · management and general $13,184 · fundraising $12,797

  • 14 · Information technology

    total $70,539 · program services $23,278 · management and general $23,983 · fundraising $23,278

  • 16 · Occupancy

    total $23,043 · program services $7,604 · management and general $7,835 · fundraising $7,604

  • 17 · Travel

    total $11,890 · program services $3,924 · management and general $4,042 · fundraising $3,924

  • 19 · Conferences, conventions and meetings

    total $93,970 · program services $31,010 · management and general $31,950 · fundraising $31,010

  • 22 · Depreciation, depletion and amortization

    total $62,854 · program services $20,742 · management and general $21,370 · fundraising $20,742

  • 23 · Insurance

    total $21,094 · program services $1,806 · management and general $18,257 · fundraising $1,031

  • 24a · Other expenses: FUND OPERATION EXPENSE

    total $326,149 · program services $326,149

  • 24b · Other expenses: PROGRAM EXPENSE

    total $26,043 · program services $16,255 · fundraising $9,788

  • 24c · Other expenses: MEMBERSHIP DUES AND SUB

    total $18,500 · program services $6,105 · management and general $6,290 · fundraising $6,105

  • 24d · Other expenses: MISCELLANEOUS

    total $12,379 · program services $3,092 · management and general $6,194 · fundraising $3,093

  • 24e · All other expenses

    total -$106,001 · program services -$50,243 · fundraising -$55,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $456,148 · end of year $504,048

  • 2 · Savings and temporary cash investments

    beginning of year $7,934,425 · end of year $8,462,553

  • 4 · Accounts receivable

    beginning of year $453,000 · end of year $580,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,559 · end of year $18,419

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

    $2,161,546

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

    $697,140

  • 10c · Land, buildings and equipment, net

    beginning of year $1,487,992 · end of year $1,464,406

  • 11 · Investments: publicly traded securities

    beginning of year $34,813,166 · end of year $43,947,053

  • 12 · Investments: other securities

    beginning of year $19,013,011 · end of year $17,920,945

  • 15 · Other assets

    beginning of year $2,219,716 · end of year $2,573,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,390 · end of year $51,938

  • 18 · Grants payable

    beginning of year $562,680 · end of year $485,810

  • 19 · Deferred revenue

    beginning of year $65,000 · end of year $15,261

  • 21 · Escrow or custodial account liability

    beginning of year $2,088,149 · end of year $2,405,560

  • 25 · Other liabilities

    beginning of year $593,730 · end of year $785,510

  • 27 · Net assets without donor restrictions

    beginning of year $11,316,607 · end of year $13,052,309

  • 28 · Net assets with donor restrictions

    beginning of year $51,725,461 · end of year $58,674,273

Mission and programs · 2023

Mission

TO MAKE A DIFFERENCE THROUGH PHILANTHROPIC LEADERSHIP.

Activities or mission (Part I)

TO MAKE A DIFFERENCE THROUGH PHILANTHROPIC LEADERSHIP - SEE SCHEDULE OTHE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY FULFILLS ITS MISSION BY:-ENGAGING PRIVATE GIVING FOR PUBLIC GOOD;-BUILDING AND MAINTAINING PERMANENT ENDOWMENTS TO RESPOND TO CHANGING COMMUNITY NEEDS;-PROVIDING FLEXIBLE TAX-EXEMPT VEHICLES FOR DONORS WITH VARIED CHARITABLE INTERESTS AND ABILITIES TO GIVE;-SERVING AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY NEEDS THROUGH SCHOLARSHIPS; AND-STRENGTHENING THE NON-PROFIT SECTOR THROUGH GRANTS AND DEVELOPMENT ASSISTANCE.

  • THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY SERVES THE ENTIRE COUNTY OF SAN LUIS OBISPO, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. THROUGH THE GENEROSITY OF OUR DONORS, PAST AND PRESENT, PHILANTHROPY IS PROMOTED THAT STRENGTHENS CIVIC LIFE ACROSS THE SAN LUIS OBISPO COUNTY REGION IN RESPONSE TO THE EVER CHANGING DEMOGRAPHICS AND NEEDS OF OUR COMMUNITIES. WE FOCUS OUR GRANTMAKING ON THE FOLLOWING CORE AREAS: ARTS & CULTURE, EDUCATION, HEALTH, HUMAN SERVICES, SCHOLARSHIPS, ENVIRONMENT AND COMMUNITY ENHANCEMENT.

    Expenses $4,289,802 · Grants $3,255,958

As filed on the 2023 return.

Listed in Part VII

  • Suzanne Fritz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Kath Tompkins

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Anita Robinson

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Linda Somers Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Jeff Buckingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Gwen Erskine

    PRESIDENT OF REF, DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Grenda Ernst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Pat Hosegood Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rob Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ben McAdams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Anneka Scranton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rick Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Heidi McPherson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $217,781
    From this org
    $211,438
    From related orgs
    $0
    Other
    $6,343
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $205,825
    Bonus
    $5,613
    Other
    $0
    Deferred
    $6,343
    Nontaxable benefits
    $0
    Filer's total
    $217,781

  • Michael Jones

    CHIEF FINANCIAL OFFICER

    Total calculated
    $66,067
    From this org
    $66,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

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

None.

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.

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
2023
Filed
3 June 2024
IRS schema version
2023v5.0
Source object
202421579349300442

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

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