Totals
- Total revenue
- $8,366,385
- Total expenses
- $5,452,290
- Contributions and grants received
- $7,839,535
- Grants paid
- $1,976,816
- Program service revenue
- $526,850
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $46,286,108
- Total liabilities, end of year
- $34,576,327
- Net assets or fund balances, end of year
- $11,709,781
- Program services expenses (Part IX)
- $4,460,798
- Management and general expenses
- $948,203
- Fundraising expenses
- $43,289
- Program service expenses (Part III)
- $4,460,798
Program services were 81.8% 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
$7,839,535
-
2a · Program service revenue: ECON. INST. RESEARCH
total $526,850 · related or exempt $526,850
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,976,816 · program services $1,976,816
-
7 · Other salaries and wages
total $1,024,583 · program services $930,398 · management and general $53,229 · fundraising $40,956
-
8 · Pension plan contributions
total $117,675 · program services $108,222 · management and general $7,829 · fundraising $1,624
-
9 · Other employee benefits
total $72,801 · program services $67,072 · management and general $5,604 · fundraising $125
-
10 · Payroll taxes
total $61,138 · program services $56,859 · management and general $3,695 · fundraising $584
-
11b · Fees: legal
total $1,841 · program services $1,382 · management and general $459
-
11c · Fees: accounting
total $36,000 · program services $36,000
-
11g · Fees: other
total $874,313 · program services $850,313 · management and general $24,000
-
12 · Advertising and promotion
total $13,850 · program services $6,037 · management and general $7,813
-
13 · Office expenses
total $204,161 · program services $25,453 · management and general $178,708
-
14 · Information technology
total $41,648 · program services $22,221 · management and general $19,427
-
16 · Occupancy
total $130,751 · program services $4,738 · management and general $126,013
-
17 · Travel
total $3,179 · program services $3,093 · management and general $86
-
22 · Depreciation, depletion and amortization
total $360,997 · program services $743 · management and general $360,254
-
23 · Insurance
total $167,934 · program services $10,181 · management and general $157,753
-
24a · Other expenses: EVENTS/DELEGATIONS/MTG
total $160,193 · program services $159,509 · management and general $684
-
24b · Other expenses: BAD DEBT EXPENSES
total $156,761 · program services $156,761
-
24c · Other expenses: CORPORATE OVERHEAD ALLO
total $40,000 · program services $40,000
-
24d · Other expenses: OTHER EXPENSES
total $5,000 · program services $5,000
-
24e · All other expenses
total $2,649 · management and general $2,649
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,617,404 · end of year $1,099,289
-
3 · Pledges and grants receivable
beginning of year $3,750,184 · end of year $6,154,106
-
4 · Accounts receivable
beginning of year $1,406,600 · end of year $670,244
-
9 · Prepaid expenses and deferred charges
beginning of year $124,170 · end of year $153,790
-
10a · Land, buildings and equipment: cost or other basis
$21,304,423
-
10b · Land, buildings and equipment: accumulated depreciation
$360,254
-
10c · Land, buildings and equipment, net
beginning of year $11,391,655 · end of year $20,944,169
-
15 · Other assets
beginning of year $11,774,480 · end of year $17,264,510
-
17 · Accounts payable and accrued expenses
beginning of year $1,120,238 · end of year $4,581,384
-
19 · Deferred revenue
beginning of year $75,000 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $6,198,239 · end of year $7,786,959
-
25 · Other liabilities
beginning of year $14,775,329 · end of year $22,207,984
-
27 · Net assets without donor restrictions
beginning of year $1,808,543 · end of year $2,378,499
-
28 · Net assets with donor restrictions
beginning of year $7,087,144 · end of year $9,331,282
Mission and programs · 2022
Mission
OUR VISION OF A STRONGER, INNOVATIVE, GLOBALLY COMPETITIVE AND MORE VIBRANT REGION IS EMPOWERED BY OUR MISSION TO SUPPORT THE BAY AREA COUNCIL AND INVEST PHILANTHROPIC RESOURCES TOWARD BUILDING STRONGER MORE VIBRANT COMMUNITIES (CONTINUED ON SCHEDULE O)A HEALTHY ECONOMY AND A MORE INNOVATIVE AND GLOBALLY COMPETITIVE AND SUSTAINABLE BAY AREA. BACKED BY THE BAY AREA COUNCIL A 501(C)(4) ORGANIZATION WITH OVER 60 YEARS OF EXPERIENCE AND A SUCESSFUL TRACK RECORD IN THE POLICY ARENA, WE PROVIDE A STRONG FRAMEWORK AND RESOURCE BASE FOR ADDRESSING THE INTERDEPENDENT FORCESTHAT GOVERN THE REGIONAL ECONOMY WITH AN EYE ON LOCAL, STATE, NATIONAL AND INTERNATIONAL FACTORS. THE FOUNDATION WORK CAN BE SUMMARIZED IN THREE KEY WORDS: RESEARCHING; EDUCATING; IMPLEMENTING.
Activities or mission (Part I)
BAY AREA COUNCIL FOUNDATION (BACF) IS A 501(C)(3) CHARITABLE ORG (CONTINUED ON SCHEDULE O) FOUNDED IN 2004 TO FUND, MANAGE AND IMPLEMENT INITIATIVES THAT IMPACT THE ENTIRE BAY AREA REGION OF CALIFORNIA. THE MISSION OF BACF IS TO SUPPORT THE BAY AREA COUNCIL (BAC) AND INVEST PHILANTHROPIC RESOURCES TOWARD BUILDING STRONGER, MORE VIBRANT COMMUNITIES, A HEALTHY ECONOMY, AND A MORE INNOVATIVE, GLOBALLY COMPETITIVE AND SUSTAINABLE BAY AREA REGION. WE DO NOT MAKE GRANTS AND FUNCTION LARGELY AS AN OPERATING FOUNDATION.
-
ECONOMIC INSTITUTE (EI)- VARIOUS SPECIFIC RESEARCH PROJECTS FOR WHICH ECONOMIC REPORTS AND ANALYSIS WERE PREPARED AND COMMUNICATED TO THE BUSINESS COMMUNITY AND BAC MEMBERS. THE EI REVENUE AND EXPENSE FIGURES REPRESENT THE AUDITED FINANCIALS FOR THE ECONOMIC INSTITUTE SEGMENT OF THE BAY AREA COUNCIL FOUNDATION BUSINESS. NOTE THERE ARE CONTRACTUAL TIMING DIFFERENCES RELATIVE TO REVENUE AND EXPENSES RECOGNITION WITH EACH SPECIFIC RESEARCH PROJECT THAT MAY STRADDLE THE 2020 FINANCIAL YEAR. UPON COMPLETION, ALL PROJECT FINANCIALS REFLECT FAVORABLE RESULTS.
Expenses $2,882,007 · Grants $1,976,816 · Revenue $526,850
-
EDUCATION - WE BELIEVE IS ONE OF THE TOP COMPETITIVE FACTORS SHAPING THE BAY AREA. THEREFORE THE BACF HELPS DRIVE INITIATIVES TO HELP RAISE CALIFORNIA STUDENT ACHIEVEMENT THROUGH DATA, TEACHER QUALITY. WE HAVE KEY INITIATIVES GEARED TOWARD IMPROVING THE OUTCOMES OF THE STATES P-12 EDUCATION SYSTEM. WE ALSO EXPLORE HOW TO INCREASE LOW-INCOME ACCESS TO EARLY CHILD CARE IN THE BAY AREA AND STATE.
Expenses $1,578,791
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kausik RajgopalKAUSIK RAJGOPAL
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Kristina LawsonKRISTINA LAWSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Rob JamesROB JAMES
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cynthia BurksCYNTHIA BURKS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ranjana ClarkRANJANA CLARK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael CovarrubiasMICHAEL COVARRUBIAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lisa DanielsLISA DANIELS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
John GauderJOHN GAUDER
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Saleem JanmohamedSALEEM JANMOHAMED
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mahesh KharkarMAHESH KHARKAR
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Rhodes KirstenRHODES KIRSTEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah KrevansSARAH KREVANS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Janet LamkinJANET LAMKIN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Peg McAllisterPEG MCALLISTER
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Alex MehranALEX MEHRAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sunil PandyaSUNIL PANDYA
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Patricia PoppePATRICIA POPPE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clint ReillyCLINT REILLY
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ivar SateroIVAR SATERO
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mike SelfridgeMIKE SELFRIDGE
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jed YorkJED YORK
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
James WundermanJAMES WUNDERMAN
CEO
- Total calculated
- $987,844
- From this org
- $0
- From related orgs
- $819,880
- Other
- $167,964
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $639,826 related
- Bonus
- $0 + $168,054 related
- Other
- $0 + $12,000 related
- Deferred
- $0 + $141,600 related
- Nontaxable benefits
- $0 + $26,364 related
- Filer's total
- $0 + $987,844 related
-
John GrubbJOHN GRUBB
COO
- Total calculated
- $396,504
- From this org
- $0
- From related orgs
- $345,918
- Other
- $50,586
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $280,918 related
- Bonus
- $0 + $65,000 related
- Other
- $0
- Deferred
- $0 + $34,980 related
- Nontaxable benefits
- $0 + $15,606 related
- Filer's total
- $0 + $396,504 related
-
Julie RoweJULIE ROWE
CFO
- Total calculated
- $261,541
- From this org
- $0
- From related orgs
- $235,765
- Other
- $25,776
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $210,465 related
- Bonus
- $0 + $25,000 related
- Other
- $0 + $300 related
- Deferred
- $0 + $24,600 related
- Nontaxable benefits
- $0 + $1,176 related
- Filer's total
- $0 + $261,541 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
- THERE WERE NO PAID EMPLOYEES FOR BAY AREA COUNCIL FOUNDATION. ALL OFFICERS ARE PAID BY RELATED ORGANIZATION, BAY AREA COUNCIL 501(C)(4), AND TRANSFER PRICING METHODS ARE USED TO ALLOCATE TO THE RELATED BACF ENTITY.
- PART I, LINE 4B
- THE CEO, PAID BY A RELATED ORGANIZATION, PARTICIPATED IN A SECTION 457(F) DEFERRED COMPENSATION PLAN AND ACCRUED THE AMOUNT OF $105,000 (NOT VESTED).
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
-
CALIFORNIA RESILIENCE CHALLENGE
-
$180,408
CALIFORNIA RESILIENCE CHALLENGE
-
$180,408
CALIFORNIA RESILIENCE CHALLENGE
-
CALIFORNIA RESILIENCE CHALLENGE
-
TOWN OF PARADISE
$180,408
CALIFORNIA RESILIENCE CHALLENGE
-
WESTERN KLAMATH RESTORATION PARTNERSHIP
$180,408
CALIFORNIA RESILIENCE CHALLENGE
-
MADERA COUNTY DEPART OF WATER AND NATURAL RESOURCES
$180,188
CALIFORNIA RESILIENCE CHALLENGE
-
FMMS
$174,938
CALIFORNIA RESILIENCE CHALLENGE
-
CA HAWAII STATE CONF OF NAACP
$164,400
CALIFORNIA RESILIENCE CHALLENGE
-
BIG VALLEY BAND OF POMO INDIANS
$100,000
CALIFORNIA RESILIENCE CHALLENGE
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.
-
501(C)(4) · SOCIAL WELFARE · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349310942
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.