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Nonprofiteer
← THE PALO ALTO COMMUNITY FUND

Form 990 for tax year 2023

Filed by THE PALO ALTO COMMUNITY FUND.

Totals

Total revenue
$3,309,146
Total expenses
$2,199,392
Contributions and grants received
$2,935,027
Grants paid
$1,725,000
Program service revenue
$0
Investment income
$326,101
Other revenue
$48,018
Total assets, end of year
$11,175,831
Total liabilities, end of year
$18,877
Net assets or fund balances, end of year
$11,156,954
Program services expenses (Part IX)
$1,875,651
Management and general expenses
$86,563
Fundraising expenses
$237,178
Program service expenses (Part III)
$1,875,651

Program services were 85.3% 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

    $2,935,027

  • 1g · Noncash contributions included above

    $605,138

  • 3 · Investment income

    total $282,335 · related or exempt $282,335

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $335,952

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

    securities $292,186

  • 7c · Gain or loss

    securities $43,766

  • 7d · Net gain or loss

    total $43,766 · related or exempt $43,766

  • 8a · Fundraising events: gross income

    $64,274

  • 8b · Fundraising events: direct expenses

    $16,256

  • 8c · Net income from fundraising events

    total $48,018

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,725,000 · program services $1,725,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $254,851 · program services $72,286 · management and general $51,633 · fundraising $130,932

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,228 · program services $349 · management and general $250 · fundraising $629

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $64,259 · program services $13,619 · management and general $22,439 · fundraising $28,201

  • 12 · Advertising and promotion

    total $117,686 · program services $51,353 · fundraising $66,333

  • 13 · Office expenses

    total $6,115 · program services $4,684 · management and general $492 · fundraising $939

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $12,000 · program services $4,200 · management and general $3,000 · fundraising $4,800

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,948 · management and general $3,948

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,813 · program services $651 · management and general $2,418 · fundraising $744

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,034 · program services $2,954 · management and general $1,115 · fundraising $3,965

  • 24b · Other expenses: TELECOMMUNICTIONS

    total $1,532 · program services $536 · management and general $383 · fundraising $613

  • 24c · Other expenses: BANK CHARGES

    total $403 · management and general $403

  • 24d · Other expenses: FEES & TAXES

    total $280 · program services $19 · management and general $239 · fundraising $22

  • 24e · All other expenses

    total $243 · management and general $243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $391,201 · end of year $910,077

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,267 · end of year $12,512

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $8,714,178 · end of year $10,253,242

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,363 · end of year $18,877

  • 27 · Net assets without donor restrictions

    beginning of year $9,047,283 · end of year $11,111,954

  • 28 · Net assets with donor restrictions

    beginning of year $50,000 · end of year $45,000

Mission and programs · 2023

Mission

THE PALO ALTO COMMUNITY FUND FOCUSES ON THE UNIQUE NEEDS OF OUR COMMUNITY AND CHANNELS CHARITABLE GIVING OF LOCAL DONORS TO EFFECTIVE ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE FOR EVERYONE IN PALO ALTO, EAST PALO ALTO AND MENLO PARK.

  • THIS YEAR ENDED JUNE 30, 2024, THE PALO ALTO COMMUNITY FUND (PACF) WAS PROUD TO BE ABLE TO SUPPORT 72 LOCAL COMMUNITY NONPROFIT ORGANIZATIONS WHICH ARE ADDRESSING A WIDE VARIETY OF CHALLENGES AND IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITY FOR FAMILIES AND INDIVIDUALS THROUGHOUT OUR SERVICE AREA. THREE OF THE KEY FOCUS AREAS PACF SUPPORTED AND SOME OF THE PROGRAMS SUPPORTED IN EACH FOCUS AREA THIS YEAR INCLUDED:SUPPORTING EDUCATIONAL SUCCESS THROUGHOUT OUR COMMUNITY BY ENABLING NONPROFITS WHICH PROVIDE:- COMMUNITY COLLEGE STUDENTS WITH SCHOLARSHIPS, MENTORING AND TUTORING FOR ADULT IMMIGRANTS- HIGH SCHOOL YOUTH WITH COLLEGE PREP, TUTORING, COUNSELING, MUSIC AND ARTS EDUCATION- MIDDLE SCHOOL YOUTH WITH COUNSELING, TUTORING AND MUSIC EDUCATION- ELEMENTARY SCHOOL CHILDREN WITH CHILDCARE, SCIENCE, ART AND MUSIC EDUCATION- TEACHERS WITH TOOLS FOR CLASSROOM INSTRUCTION AND A PATH TO EQUITABLE COMPENSATION ACROSS COMMUNITIESENHANCING COMMUNITY LIFE BY SUPPORTING NONPROFITS THAT PROVIDE:- SINGLE MOTHERS WITH FINANCIAL EDUCATION AND SUPPORT- CHILDREN AND ADULTS WITH PROFESSIONAL THEATER, LITERARY DISCUSSIONS AND ART EXPERIENCES- OUR COMMUNITY WITH ENVIRONMENTAL EDUCATION AND CLIMATE CHANGE MITIGATION STRATEGIES- FAMILIES, CHILDREN AND ADULTS WITH GRIEF COUNSELING AND SUPPORTUPLIFTING THE VULNERABLE IN OUR COMMUNITY BY ENABLING NONPROFITS TO PROVIDE:- CHILDREN AND FAMILIES WITH MENTAL HEALTH SUPPORT AND COUNSELING, ADVOCATES FOR FOSTER CHILDREN - UNHOUSED FAMILIES & INDIVIDUALS WITH SAFE SHELTER, SOCIAL SERVICES, FOOD, MOBILE HYGIENE AND A PATH TO PERMANENT HOUSING- SENIORS WITH TECHNOLOGY FOR CONNECTING WITH OTHERS, MEALS AND SOCIAL SERVICES- LOW-INCOME FAMILIES WITH RENT RELIEF, LEGAL SERVICES AND MEDICAL AND DENTAL CARE- ADULTS AND CHILDREN WITH DISABILITIES WITH JOB TRAINING, HOUSING ASSISTANCE AND ANIMAL THERAPY

    Expenses $1,875,651 · Grants $1,725,000

As filed on the 2023 return.

Listed in Part VII

  • LISA VAN DUSEN

    EXECUTIVE DIRECTOR

    Total calculated
    $121,777
    From this org
    $121,777
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • MATTHEW CASPARI

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • GEORGIA FAROOQ

    Director

    Total calculated
    $0
    Hours/week
    1

  • SIGRID PINSKY

    President

    Total calculated
    $0
    Hours/week
    20

  • STEVE EMSLIE

    Director

    Total calculated
    $0
    Hours/week
    1

  • SUSAN FIELDS BAILEY

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • BECKY BEACOM

    Director

    Total calculated
    $0
    Hours/week
    1

  • DIANE DOWNEND

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • KRISTINE S ERVING

    Director

    Total calculated
    $0
    Hours/week
    1

  • MASHA KORSUNSKY FISCH

    Director

    Total calculated
    $0
    Hours/week
    1

  • ANNE FRAHN

    Director

    Total calculated
    $0
    Hours/week
    1

  • SALLY HEWLETT

    Director

    Total calculated
    $0
    Hours/week
    1

  • SHERYL KLEIN

    Director

    Total calculated
    $0
    Hours/week
    1

  • KULLY KOONER

    Director

    Total calculated
    $0
    Hours/week
    1

  • FRED MONDRAGON

    Director

    Total calculated
    $0
    Hours/week
    1

  • JANE RYTINA

    Director

    Total calculated
    $0
    Hours/week
    1

  • PETER O'RIORDAN

    Director

    Total calculated
    $0
    Hours/week
    5

  • ANNA WARING

    Director

    Total calculated
    $0
    Hours/week
    1

  • MIKE ALCHECK

    Director

    Total calculated
    $0
    Hours/week
    1

  • LAUREN WILLIAMS

    Director

    Total calculated
    $0
    Hours/week
    1

  • YAEL GOSHEN

    Director

    Total calculated
    $0
    Hours/week
    1

  • SEJAL KAMANI

    Director

    Total calculated
    $0
    Hours/week
    1

  • BARBARA SIH KLAUSNER

    Director

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM YUPANQUI

    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422849349300747

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

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