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← CERITY PARTNERS FOUNDATION

Form 990 for tax year 2024

Filed by CERITY PARTNERS FOUNDATION.

Totals

Total revenue
$4,711,276
Total expenses
$4,645,781
Contributions and grants received
$3,745,758
Grants paid
$4,355,722
Program service revenue
$0
Investment income
$965,518
Other revenue
$0
Total assets, end of year
$35,618,597
Total liabilities, end of year
$89,752
Net assets or fund balances, end of year
$35,528,845
Program services expenses (Part IX)
$4,357,557
Management and general expenses
$288,224
Fundraising expenses
$0
Program service expenses (Part III)
$4,357,557

Program services were 93.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,745,758

  • 1g · Noncash contributions included above

    $1,742,700

  • 3 · Investment income

    total $968,893 · excluded $968,893

  • 7a · Gross sales of assets other than inventory

    securities $11,284,758

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

    securities $11,288,133

  • 7c · Gain or loss

    securities -$3,375

  • 7d · Net gain or loss

    total -$3,375 · excluded -$3,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,355,722 · program services $4,355,722

  • 11c · Fees: accounting

    total $1,835 · program services $1,835

  • 11f · Fees: investment management

    total $93,812 · management and general $93,812

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $194,412 · management and general $194,412

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,415,268 · end of year $1,315,821

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $200

  • 11 · Investments: publicly traded securities

    beginning of year $31,759,026 · end of year $34,302,576

  • 18 · Grants payable

    beginning of year $56,051 · end of year $89,752

  • 25 · Other liabilities

    beginning of year $200,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $32,918,243 · end of year $35,528,845

Mission and programs · 2024

Mission

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

  • DURING THE FISCAL YEAR ENDING JUNE 30, 2025, THE FOUNDATION AWARDED 610 GRANTS FOR $4,355,722.

    Expenses $4,357,557 · Grants $4,355,722

As filed on the 2024 return.

Listed in Part VII

  • Vikki Garrod

    DIRECTOR

    Total calculated
    $419,074
    From this org
    $0
    From related orgs
    $345,810
    Other
    $73,264
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

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

  • Richard Long

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Aaron Waxman

    BOARD CHAIR (THRU 11/24)

    Total calculated
    $0
    Hours/week
    0.1

  • Ted Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Thomas Reicher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Rhea Suh

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • Lauren McClelland

    CFO

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

    Schedule J breakdown matched by us

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

  • Ashley Smith

    SECRETARY (THRU 03/25)

    Total calculated
    $215,910
    From this org
    $0
    From related orgs
    $158,020
    Other
    $57,890
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,721 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $9,299 related
    Deferred
    $0 + $17,759 related
    Nontaxable benefits
    $0 + $40,131 related
    Filer's total
    $0 + $215,910 related

  • Roxanne Richards

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 2.25 related

  • Sa Hartman

    FORMER CFO (THRU 12/23)

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

    Schedule J breakdown matched by us

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

  • 4a · Severance or change-of-control payment

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
  • 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. THE EXECUTIVE COMMITTEE OF THE BOARD IS COMPRISED OF SEVERAL INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS IS ESTABLISHED ANNUALLY. AS PART OF THIS PROCESS, THE EXECUTIVE COMMITTEE OF THE BOARD 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, LINE 4A
SA HARTMAN, FORMER CHIEF FINANCIAL OFFICER, RECEIVED SEVERANCE COMPENSATION TOTALING $495,834.96 DURING THE 2024 TAX YEAR. THIS SEVERANCE PAYMENT WAS PAID DIRECTLY BY A RELATED ORGANIZATION, THE MARIN COMMUNITY FOUNDATION.

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
6 May 2026
IRS schema version
2024v5.5
Source object
202621289349300802

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

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