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Nonprofiteer
← LOS ALTOS COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by LOS ALTOS COMMUNITY FOUNDATION.

Totals

Total revenue
$7,930,084
Total expenses
$7,532,676
Contributions and grants received
$6,278,898
Grants paid
$5,232,113
Program service revenue
$347,554
Investment income
$1,063,309
Other revenue
$240,323
Total assets, end of year
$27,519,305
Total liabilities, end of year
$413,565
Net assets or fund balances, end of year
$27,105,740
Program services expenses (Part IX)
$7,004,876
Management and general expenses
$115,591
Fundraising expenses
$412,209
Program service expenses (Part III)
$7,004,876

Program services were 93.0% 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.

  • 1c · Fundraising events

    $3,750

  • 1f · All other contributions, gifts and grants

    $6,275,148

  • 1g · Noncash contributions included above

    $554,274

  • 2a · Program service revenue: LAMVCF MANAGED PROGRAMS

    total $347,554 · related or exempt $347,554

  • 3 · Investment income

    total $720,010 · excluded $720,010

  • 6a · Gross rents

    real property $16,335

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,335

  • 6d · Net rental income or loss

    total $16,335 · excluded $16,335

  • 7a · Gross sales of assets other than inventory

    securities $343,299

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

    securities $0

  • 7c · Gain or loss

    securities $343,299

  • 7d · Net gain or loss

    total $343,299 · excluded $343,299

  • 8a · Fundraising events: gross income

    $14,140

  • 8a · Fundraising events: contributions included on line 1c

    $3,750

  • 8b · Fundraising events: direct expenses

    $12,790

  • 8c · Net income from fundraising events

    total $1,350 · excluded $1,350

  • 11a · Other revenue: ADMINSTRATION FEE INCOME

    total $222,638 · related or exempt $222,638

  • 11e · Other revenue, total

    $222,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,657,562 · program services $4,657,562

  • 2 · Grants to domestic individuals

    total $574,551 · program services $574,551

  • 5 · Compensation of officers, directors and key employees

    total $154,000 · program services $110,596 · management and general $5,547 · fundraising $37,857

  • 6 · Compensation of disqualified persons

    total $1,108,303 · program services $795,933 · management and general $39,921 · fundraising $272,449

  • 9 · Other employee benefits

    total $41,466 · program services $27,384 · management and general $1,800 · fundraising $12,282

  • 10 · Payroll taxes

    total $101,089 · program services $66,759 · management and general $4,387 · fundraising $29,943

  • 11b · Fees: legal

    total $3,253 · program services $657 · management and general $2,596

  • 11c · Fees: accounting

    total $20,755 · management and general $20,755

  • 11f · Fees: investment management

    total $20,680 · program services $20,680

  • 11g · Fees: other

    total $28,444 · program services $18,045 · management and general $6,091 · fundraising $4,308

  • 12 · Advertising and promotion

    total $68,148 · program services $32,074 · fundraising $36,074

  • 13 · Office expenses

    total $1,009 · program services $939 · management and general $15 · fundraising $55

  • 16 · Occupancy

    total $8,040 · program services $3,080 · management and general $4,960

  • 17 · Travel

    total $2,968 · management and general $2,968

  • 19 · Conferences, conventions and meetings

    total $3,080 · program services $2,866 · management and general $46 · fundraising $168

  • 22 · Depreciation, depletion and amortization

    total $21,420 · program services $15,365 · management and general $6,055

  • 23 · Insurance

    total $17,622 · program services $12,631 · management and general $4,250 · fundraising $741

  • 24a · Other expenses: PROGRAMS

    total $345,025 · program services $345,025

  • 24b · Other expenses: ADMINSTRATION FEES

    total $222,638 · program services $222,638

  • 24c · Other expenses: FACILITIES IMPROVEMENT

    total $33,397 · program services $31,222 · management and general $2,175

  • 24d · Other expenses: COMPUTER AND SOFTWARE

    total $22,000 · program services $20,160 · management and general $829 · fundraising $1,011

  • 24e · All other expenses

    total $77,226 · program services $46,709 · management and general $13,196 · fundraising $17,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $496,310 · end of year $1,197,930

  • 3 · Pledges and grants receivable

    beginning of year $25,894 · end of year $385,670

  • 10a · Land, buildings and equipment: cost or other basis

    $1,991,517

  • 10b · Land, buildings and equipment: accumulated depreciation

    $840,655

  • 10c · Land, buildings and equipment, net

    beginning of year $1,172,282 · end of year $1,150,862

  • 12 · Investments: other securities

    beginning of year $24,005,020 · end of year $24,784,843

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,129 · end of year $127,163

  • 18 · Grants payable

    beginning of year $204,255 · end of year $199,380

  • 25 · Other liabilities

    beginning of year $80,838 · end of year $87,022

  • 27 · Net assets without donor restrictions

    beginning of year $19,961,967 · end of year $20,699,231

  • 28 · Net assets with donor restrictions

    beginning of year $5,371,317 · end of year $6,406,509

Mission and programs · 2023

Mission

TO GROW A VIBRANT, EQUITABLE, AND CARING COMMUNITY BY CONNECTING OUR NEIGHBORS WITH OPPORTUNITIES TO MAKE LASTING IMPACT.

Activities or mission (Part I)

TO GROW A VIBRANT, EQUITABLE, AND CARING COMMUNITY BY CONNECTING OUR NEIGHBORS WITH OPPORTUNITIES TO MAKE LASTING LOCAL IMPACT.

  • LAMVCF AND ITS FUNDS PROVIDE GRANTS AND SCHOLARSHIP TO 501(C)(3) NONPROFITS AND DESERVING STUDENTS PRIMARILY RESIDING WITHIN THE THREE COMMUNITIES THAT LAMVCF SERVES.

    Expenses $7,004,876 · Grants $5,232,113

  • LAMVCF MANAGES CHARITABLE FUNDS THAT ENABLE INCREASED PHILANTHROPY BY DONORS AND ORGANIZATIONS. THESE FUNDS INCLUDE DONOR ADVISED FUNDS FOR INDIVIDUALS AND FAMILIES, DESIGNATED FUNDS FOR NONPROFITS, AND SCHOLARSHIP FUNDS TO HELP DESERVING STUDENTS.

    Revenue $222,638

  • LAMVCF MANAGES AND FISCALLY SPONSORS PROGRAMS TO ADDRESS COMMUNITY NEEDS AND MAKE THE COMMUNITY A BETTER PLACE TO LIVE, WORK, AND ENJOY. LAMVCF'S MANAGED PROGRAMS FOCUS ON YOUTH PHILANTHROPY, COMMUNITY LEADERSHIP, NEIGHBORHOOD COMMUNITY BUILDING, AND DISPUTE RESOLUTION.LAMVCF'S FISCALLY SPONSORED PROGRAMS ADDRESS MULTIPLE AREAS INCLUDING SENIORS, THE ENVIRONMENT, YOUTH SCHOLARSHIPS AND SERVICE, COMMUNITY VIBRANCY, AND THE ARTS.

    Revenue $347,554

As filed on the 2023 return.

Listed in Part VII

  • Dan Barritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Cowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen Eng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alissa Ergobobo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vivienne Hsu

    BOARD CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Laura Ramirez Berman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Curtis Cole

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Laura Schmidt

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Shali Sirkay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Parnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Rashid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Reinking

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Singer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Teksler

    BOARD PAST-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Arvind Ven

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Mireles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Mark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tzipor Ulman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adin Miller

    EXECUTIVE DIRECTOR

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joel Valencia

    CEO, EVERGREEN COLLECTIVE

    Total calculated
    $173,662
    From this org
    $168,469
    From related orgs
    $0
    Other
    $5,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,469
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,193
    Filer's total
    $173,662

  • Reve Warfield

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $146,200
    From this org
    $138,989
    From related orgs
    $0
    Other
    $7,211
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202521059349302817

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

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