Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $2,914 · unrelated business -$392,571 · excluded $395,485

• 6a · Gross rents

  real property $522,730

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $522,730

• 6d · Net rental income or loss

  total $522,730 · excluded $522,730

• 7a · Gross sales of assets other than inventory

  securities $7,016,435

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

  securities $6,806,687

• 7c · Gain or loss

  securities $209,748

• 7d · Net gain or loss

  total $209,748 · excluded $209,748

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $100 · related or exempt $100

• 11e · Other revenue, total

  $100

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,290,087 · program services $7,290,087

• 11b · Fees: legal

  total $8,928 · program services $8,928

• 11c · Fees: accounting

  total $2,100 · program services $2,100

• 11f · Fees: investment management

  total $1,085 · program services $1,085

• 24a · Other expenses: TAXES

  total $1,312 · program services $1,312

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $264,010 · end of year $464,337

• 4 · Accounts receivable

  beginning of year $93,750 · end of year $45,686

• 11 · Investments: publicly traded securities

  beginning of year $13,325,506 · end of year $12,160,464

• 12 · Investments: other securities

  beginning of year $11,397,790 · end of year $4,382,924

• 15 · Other assets

  beginning of year $6,995,032 · end of year $6,995,032

• 17 · Accounts payable and accrued expenses

  beginning of year $4,503,230 · end of year $4,419,021

• 19 · Deferred revenue

  beginning of year $14,333 · end of year $14,912

• 27 · Net assets without donor restrictions

  beginning of year $27,558,525 · end of year $19,614,510

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS FINANCED 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 BY THE BOARD OF DIRECTORS. 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TFFH I LLC

  REAL ESTATE AND PROPERTY OWNERSHIP · CA · income $162,215 · assets $3,331,680

  Directly controlled by MCF GIFT FUND INC

• TFFH II LLC

  REAL ESTATE AND PROPERTY OWNERSHIP · CA · income $185,079 · assets $3,695,066

  Directly controlled by MCF GIFT FUND INC