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Nonprofiteer
← SACRAMENTO REGION COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by SACRAMENTO REGION COMMUNITY FOUNDATION.

Totals

Total revenue
$28,856,627
Total expenses
$31,406,465
Contributions and grants received
$22,811,873
Grants paid
$24,528,949
Program service revenue
$115,295
Investment income
$5,927,556
Other revenue
$1,903
Total assets, end of year
$171,123,142
Total liabilities, end of year
$10,440,453
Net assets or fund balances, end of year
$160,682,689
Program services expenses (Part IX)
$28,222,085
Management and general expenses
$2,973,985
Fundraising expenses
$210,395
Program service expenses (Part III)
$28,222,085

Program services were 89.9% 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.

  • 1d · Related organizations

    $2,546,187

  • 1e · Government grants (contributions)

    $96,256

  • 1f · All other contributions, gifts and grants

    $20,169,430

  • 1g · Noncash contributions included above

    $4,886,799

  • 2a · Program service revenue: Big Day of Giving

    total $115,295 · related or exempt $115,295

  • 3 · Investment income

    total $1,691,287 · unrelated business $286,814 · excluded $1,404,473

  • 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 $4,236,269

  • 7c · Gain or loss

    securities $4,236,269

  • 7d · Net gain or loss

    total $4,236,269 · excluded $4,236,269

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous

    total $1,903 · related or exempt $1,903

  • 11e · Other revenue, total

    $1,903

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,089,679 · program services $24,089,679

  • 2 · Grants to domestic individuals

    total $439,270 · program services $439,270

  • 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 $887,104 · program services $303,809 · management and general $560,924 · fundraising $22,371

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $904,979 · program services $309,931 · management and general $572,227 · fundraising $22,821

  • 8 · Pension plan contributions

    total $120,327 · program services $41,209 · management and general $76,084 · fundraising $3,034

  • 9 · Other employee benefits

    total $141,850 · program services $48,580 · management and general $89,693 · fundraising $3,577

  • 10 · Payroll taxes

    total $121,017 · program services $41,445 · management and general $76,520 · fundraising $3,052

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $128,174 · program services $69,993 · management and general $54,721 · fundraising $3,460

  • 11c · Fees: accounting

    total $125,834 · program services $68,715 · management and general $53,722 · fundraising $3,397

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $3,218,404 · program services $2,281,219 · management and general $937,185

  • 11g · Fees: other

    total $401,172 · program services $219,070 · management and general $171,272 · fundraising $10,830

  • 12 · Advertising and promotion

    total $98,108 · program services $36,359 · management and general $18,498 · fundraising $43,251

  • 13 · Office expenses

    total $13,579 · program services $3,930 · management and general $9,008 · fundraising $641

  • 14 · Information technology

    total $134,682 · program services $51,294 · management and general $69,876 · fundraising $13,512

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $154,738 · program services $42,795 · management and general $107,799 · fundraising $4,144

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $27,784 · program services $10,515 · management and general $15,363 · fundraising $1,906

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $22,041 · program services $5,978 · management and general $15,468 · fundraising $595

  • 23 · Insurance

    total $23,346 · program services $7,434 · management and general $15,323 · fundraising $589

  • 24a · Other expenses: Bank Fees

    total $78,055 · program services $29,540 · management and general $43,159 · fundraising $5,356

  • 24b · Other expenses: Board Meeting Expenses

    total $41,582 · program services $15,737 · management and general $22,992 · fundraising $2,853

  • 24c · Other expenses: Donor Development

    total $41,114 · program services $15,237 · management and general $7,752 · fundraising $18,125

  • 24d · Other expenses: Miscellaneous

    total $38,558 · program services $30,747 · management and general $7,115 · fundraising $696

  • 24e · All other expenses

    total $155,068 · program services $59,599 · management and general $49,284 · fundraising $46,185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,066,504 · end of year $624,629

  • 2 · Savings and temporary cash investments

    beginning of year $1,487,405 · end of year $442,055

  • 3 · Pledges and grants receivable

    beginning of year $14,650 · end of year $13,350

  • 4 · Accounts receivable

    beginning of year $3,713,675 · end of year $5,132,235

  • 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 $179,895 · end of year $168,891

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

    $307,832

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

    $258,929

  • 10c · Land, buildings and equipment, net

    beginning of year $48,722 · end of year $48,903

  • 11 · Investments: publicly traded securities

    beginning of year $196,001,097 · end of year $160,632,497

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $54,744 · end of year $54,744

  • 15 · Other assets

    beginning of year $4,005,838 · end of year $4,005,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,759 · end of year $346,884

  • 18 · Grants payable

    beginning of year $257,583 · end of year $546,704

  • 19 · Deferred revenue

    beginning of year $541,200 · end of year $596,350

  • 25 · Other liabilities

    beginning of year $9,244,218 · end of year $8,950,515

  • 27 · Net assets without donor restrictions

    beginning of year $191,698,097 · end of year $153,989,726

  • 28 · Net assets with donor restrictions

    beginning of year $4,609,673 · end of year $6,692,963

Mission and programs · 2022

Mission

The Sacramento Region Community Foundation leads, serves, and inspires enduring philanthropy for a just and vibrant Sacramento region.

  • Donor Advised and Unrestricted Grantmaking: Since the Sacramento Region Community Foundation was founded in 1983 by local leaders, we have been a primary provider of philanthropic services. Like other place-based community foundations across the United States and around the world, the Foundation promotes philanthropy that is visionary, strategic, and inclusive, making it a catalyst for transforming the region. The Foundation manages hundreds of charitable funds for local families, businesses, and nonprofits. (Continued at Schedule O.)

    Expenses $16,333,505 · Grants $13,968,426 · Revenue $9,912,138

  • Expanding Philanthropy and the Social Economy: This Strategic Initiative leads to a more generous region by promoting individual philanthropy through such activities as Big Day of Giving and the GivingEdge regional nonprofit database, creating stronger nonprofits through leadership development, donor stewardship and fundraising, and advancing collaboration among nonprofit organizations. For example, Big Day of Giving, the annual giving day that has generated more than $78 million from generous donors for hundreds of local nonprofits since its inception in 2013, is a yearlong, communitywide movement to make philanthropy accessible to everyone in the capital region. (Continued at Schedule O.)

    Expenses $10,007,607 · Grants $9,454,725 · Revenue $9,594,175

  • The Foundation manages over 40 scholarship funds, which were established by local individuals, families, businesses, and organizations. Our scholarships provide tuition assistance and recognition to local students as they strive to achieve a wide range of goals through the pursuit of higher education. Each scholarship fund has its own unique criteria for selecting recipients, including academic achievement, financial need, educational and career goals, community involvement and ethnic background. Annual scholarship awards range from $500 to $10,000 and may be used for accredited academic and vocational training programs. In 2022, the Foundation awarded nearly $1 million to more than 400 students.(Continued at Schedule O.)

    Expenses $1,500,211 · Grants $904,279 · Revenue $313,657

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Linda Beech Cutler

    Former CEO

    Total calculated
    $274,278
    From this org
    $243,760
    From related orgs
    $0
    Other
    $30,518
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $243,760
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,814
    Nontaxable benefits
    $12,704
    Filer's total
    $274,278

  • James McCallum

    Former CFO

    Total calculated
    $205,984
    From this org
    $174,221
    From related orgs
    $0
    Other
    $31,763
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $174,221
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,863
    Nontaxable benefits
    $17,900
    Filer's total
    $205,984

  • Kerry Wood

    CEO

    Total calculated
    $190,760
    From this org
    $176,914
    From related orgs
    $0
    Other
    $13,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,914
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,846
    Nontaxable benefits
    not reported
    Filer's total
    $190,760

  • Nakisha Nesmith

    Chief Impact Offic

    Total calculated
    $170,610
    From this org
    $158,000
    From related orgs
    $0
    Other
    $12,610
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $158,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,610
    Nontaxable benefits
    not reported
    Filer's total
    $170,610

  • Edward Harris

    CFO

    Total calculated
    $155,585
    From this org
    $134,208
    From related orgs
    $0
    Other
    $21,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,208
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,626
    Nontaxable benefits
    $10,751
    Filer's total
    $155,585

  • Kate Stille

    Chair

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • Kathy McKim

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Garry Maisel

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Cassandra Walker Pye

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Lederer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Baker

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Elaine Abelaye-Mateo

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Bret Hewitt

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Margie Campbell

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Linda Merksamer

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • William Niemi

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Renee Nunes Taylor

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Syphax

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Weiss

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Kate Willcox

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Martin Steiner

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Strong

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Clarence Williams

    Board 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

  • 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

  • See Attachment

    $24,089,679

    See Attachment

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • SRCF Holdings LLC

    Real Estate Holdings · CA

    Directly controlled by Sacramento Region Community Foundation

  • SCRF Holdings 2 LLC

    Real Estate Holdings · CA

    Directly controlled by Sacramento Region Community Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts4

    Trust · Generate Income for the Beneficiary · CA · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349331608

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