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Nonprofiteer
← DAGMAR DOLBY FUND

Form 990 for tax year 2024

Filed by DAGMAR DOLBY FUND.

Totals

Total revenue
$11,709,889
Total expenses
$5,432,714
Contributions and grants received
$11,220,780
Grants paid
$4,059,724
Program service revenue
$0
Investment income
$489,109
Other revenue
$0
Total assets, end of year
$114,654,671
Total liabilities, end of year
$53,486,122
Net assets or fund balances, end of year
$61,168,549
Program services expenses (Part IX)
$5,333,105
Management and general expenses
$99,609
Fundraising expenses
$0
Program service expenses (Part III)
$5,333,105

Program services were 98.2% 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

    $10,000,000

  • 1f · All other contributions, gifts and grants

    $1,220,780

  • 3 · Investment income

    total $489,109 · excluded $489,109

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,059,724 · program services $4,059,724

  • 11b · Fees: legal

    total $52,601 · program services $52,601

  • 11c · Fees: accounting

    total $37,050 · management and general $37,050

  • 11f · Fees: investment management

    total $4,259 · management and general $4,259

  • 20 · Interest

    total $1,220,780 · program services $1,220,780

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $57,500 · management and general $57,500

  • 24b · Other expenses: LICENSES & FEES

    total $800 · management and general $800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,931,358 · end of year $6,244,475

  • 11 · Investments: publicly traded securities

    beginning of year $29,424,295 · end of year $37,019,072

  • 12 · Investments: other securities

    beginning of year $71,612,389 · end of year $71,391,124

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,653 · end of year $0

  • 18 · Grants payable

    beginning of year $10,587,646 · end of year $5,882,622

  • 22 · Loans and payables to officers and key people

    beginning of year $47,600,000 · end of year $47,600,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,500

  • 27 · Net assets without donor restrictions

    beginning of year $47,767,743 · end of year $61,168,549

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS CONSISTENT WITH THE MISSION OF THE SUPPORTED ORGANIZATION, MARIN COMMUNITY FOUNDATION'S MISSION WHICH IS THE FOLLOWING: MOBILIZING THE POWER OF COMMUNITY AND THE RESOURCES OF PHILANTHROPY TO ADVANCE EQUITY FOR PEOPLE, PLACES AND THE PLANET.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS CONSISTENT WITH THE MISSION OF THE SUPPORTED (CONTINUED ON SCH O) ORGANIZATION, MARIN COMMUNITY FOUNDATION'S MISSION WHICH IS THE FOLLOWING: 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 AND APPROVED $4,059,724 IN GRANTS AND PAID $4,000,000.

    Expenses $5,333,105 · Grants $4,059,724

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
    0.5 + 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

  • Janelle Cavanagh

    DIRECTOR

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

    Schedule J breakdown matched by us

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

  • Dagmar Dolby

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Rhea Suh

    PRESIDENT &CEO

    Total calculated
    $732,783
    From this org
    $0
    From related orgs
    $672,522
    Other
    $60,261
    Hours/week
    1 + 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
    1 + 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
    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

  • Lani Alo

    FORMER DIRECTOR (THRU 12/23)

    Total calculated
    $36,400
    From this org
    $0
    From related orgs
    $36,400
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $36,400 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $36,400 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. A EXECUTIVE COMMITTEE OF THE BOARD 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
S.A. HARTMAN, FORMER CHIEF FINANCIAL OFFICER, AND LANI ALO, FORMER DIRECTOR, RECEIVED SEVERANCE COMPENSATION TOTALING $495,834.96 AND $36,400, RESPECTIVELY, DURING THE 2024 TAX YEAR. THESE SEVERANCE PAYMENTS WERE PAID DIRECTLY BY A RELATED ORGANIZATION, 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

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
8 May 2026
IRS schema version
2024v5.5
Source object
202611289349303246

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