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← CERITY PARTNERS FOUNDATION

Form 990 for tax year 2023

Filed by CERITY PARTNERS FOUNDATION.

Totals

Total revenue
$4,277,751
Total expenses
$8,637,260
Contributions and grants received
$2,698,438
Grants paid
$8,343,693
Program service revenue
$0
Investment income
$1,577,813
Other revenue
$1,500
Total assets, end of year
$33,174,294
Total liabilities, end of year
$256,051
Net assets or fund balances, end of year
$32,918,243
Program services expenses (Part IX)
$8,343,693
Management and general expenses
$293,567
Fundraising expenses
$0
Program service expenses (Part III)
$8,343,693

Program services were 96.6% 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

    $2,698,438

  • 1g · Noncash contributions included above

    $2,644,709

  • 3 · Investment income

    total $1,039,087 · excluded $1,039,087

  • 7a · Gross sales of assets other than inventory

    securities $23,851,720

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

    securities $23,312,994

  • 7c · Gain or loss

    securities $538,726

  • 7d · Net gain or loss

    total $538,726 · excluded $538,726

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,500 · excluded $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,343,693 · program services $8,343,693

  • 11f · Fees: investment management

    total $94,991 · management and general $94,991

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $198,576 · management and general $198,576

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,479,445 · end of year $1,415,268

  • 4 · Accounts receivable

    beginning of year $400 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $33,776,726 · end of year $31,759,026

  • 18 · Grants payable

    beginning of year $33,729 · end of year $56,051

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $35,222,842 · end of year $32,918,243

Mission and programs · 2023

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, 2024, THE FOUNDATION AWARDED 582 GRANTS FOR $8,343,693.

    Expenses $8,343,693 · Grants $8,343,693

As filed on the 2023 return.

Listed in Part VII

  • VIKKI GARROD

    CHIEF OF STAFF/DIRECTOR

    Total calculated
    $386,243
    From this org
    $0
    From related orgs
    $319,361
    Other
    $66,882
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,492 related
    Bonus
    $0 + $1,448 related
    Other
    $0 + $6,421 related
    Deferred
    $0 + $37,830 related
    Nontaxable benefits
    $0 + $29,052 related
    Filer's total
    $0 + $386,243 related

  • AARON WAXMAN

    BOARD CHAIR

    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

  • ROBERT SANDERSON

    DIRECTOR (THRU 11/23)

    Total calculated
    $0
    Hours/week
    0.1

  • RHEA SUH

    PRESIDENT & CEO

    Total calculated
    $730,780
    From this org
    $0
    From related orgs
    $653,900
    Other
    $76,880
    Hours/week
    0.5 + 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
    0.5 + 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
    0.5 + 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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349307080

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

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