Form 990 for tax year 2024
Filed by REAL ESTATE FOUNDATION OF SAN LUIS OBISPO COUNTY.
Totals
- Total revenue
- $635,728
- Total expenses
- $99,130
- Contributions and grants received
- $494,667
- Grants paid
- $0
- Program service revenue
- $1,496
- Investment income
- $139,565
- Other revenue
- $0
- Total assets, end of year
- $409,371
- Total liabilities, end of year
- $176,891
- Net assets or fund balances, end of year
- $232,480
- Program services expenses (Part IX)
- $92,267
- Management and general expenses
- $6,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $92,267
Program services were 93.1% 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
$494,667
-
1g · Noncash contributions included above
$494,667
-
2a · Program service revenue: LOAN SERVICING FEES
total $1,496 · related or exempt $1,496
-
3 · Investment income
total $7,565 · excluded $7,565
-
7a · Gross sales of assets other than inventory
other assets $1,885,000
-
7b · Less cost or other basis and sales expenses
other assets $1,753,000
-
7c · Gain or loss
other assets $132,000
-
7d · Net gain or loss
total $132,000 · excluded $132,000
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $1,228 · management and general $1,228
-
11c · Fees: accounting
total $2,500 · management and general $2,500
-
14 · Information technology
total $2,819 · management and general $2,819
-
23 · Insurance
total $100 · management and general $100
-
24a · Other expenses: COST OF SALE
total $92,267 · program services $92,267
-
24b · Other expenses: TAXES, PERMITS AND FEES
total $216 · management and general $216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $64,638 · end of year $59,371
-
7 · Other notes and loans receivable
beginning of year $350,000 · end of year $350,000
-
17 · Accounts payable and accrued expenses
beginning of year $1,891 · end of year $1,891
-
25 · Other liabilities
beginning of year $175,000 · end of year $175,000
-
27 · Net assets without donor restrictions
beginning of year $64,638 · end of year $59,371
-
28 · Net assets with donor restrictions
beginning of year $173,109 · end of year $173,109
Mission and programs · 2024
Mission
EARNINGS ARE USED TO SUPPORT THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY.
Activities or mission (Part I)
TO CONDUCT & SUPPORT ACTIVITIES FOR THE BENEFIT OF THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY.
-
EXPENSES ARE INCURRED IN THE PROCESS OF SUPPORTING THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY.
Expenses $92,267 · Revenue $1,496
As filed on the 2024 return.
Listed in Part VII
-
Gwen ErskineGWEN ERSKINE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Steve McCartySTEVE MCCARTY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Ben McAdamsBEN MCADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Heidi McPhersonHEIDI MCPHERSON
DIRECTOR
- Total calculated
- $231,486
- From this org
- $0
- From related orgs
- $224,744
- Other
- $6,742
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $218,700 related
- Bonus
- $0 + $6,044 related
- Other
- $0
- Deferred
- $0 + $6,742 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $231,486 related
-
D Michael PatrickD MICHAEL PATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ty GreenTY GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin IrotKEVIN IROT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul ReadyPAUL READY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne HelphenstineJEANNE HELPHENSTINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
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
No itemized grants to organizations 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.
-
THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY
501(C)(3) · TO BUILD AN ENDOWMENT & USE EARNINGS TO MAKE GRANTS TO NON-PROFITS · CA · controlled entity
Directly controlled by THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
MOUNTAIN VIEW PROPERTY DEVELOPMENT LLC
$1,125,000
Disposition · SALE OF 446 LUNETA DRIVE, SAN LUIS OBISPO, CA 93045 · Nov 1, 2024
-
MICKEY SENSEBACH
$760,000
Disposition · SALE OF 1615 17TH STREET, LOS OSOS, CA 93402 · Sep 10, 2024
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511149349301306
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