Placer Community Foundation
- Assets
- $19.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Auburn, CA
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-1485011
Organization Overview
Placer Community Foundation is located in Auburn, CA. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Placer Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Placer Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Placer Community Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Placer Community Foundation has awarded 330 individual grants totaling $8,817,267. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PLACER COMMUNITY FOUNDATION GROWS LOCAL GIVING TO STRENGTHEN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY NEEDS: GRANTS PROVIDE OPPORTUNITIES FOR GREATER COMMUNITY IMPACT IN EDUCATION, HEALTH AND HUMAN SERVICES, ANIMAL WELFARE, SENIOR PROGRAMS, PRESERVING HISTORICAL LANDMARKS AND OPEN SPACE. PCF OPERATED SEVERAL PROGRAMS FOR COVID HARM REDUCTION AND VACCINE OUTREACH. PCF PARTNERED WITH THE COUNTY OF PLACER TO IMPLEMENT THE EMERGENCY RENTAL ASSISTANCE PROGRAM. $258,901 WAS DISTRIBUTED TO RIVER FIRE VICTIMS. PLACER COLLABORATIVE NETWORK BRINGS TOGETHER 40 NONPROFIT, GOVERNMENT, HEALTH CARE, FAITH BASED, EDUCATIONAL AND MUNICIPAL ENTITIES TO WORK ON COLLABORATIVE ISSUES FACING CHILDREN, ADULTS AND FAMILIES OF PLACER COUNTY.
COMMUNITY LEADERSHIP NONPROFIT INITIATIVE HELPS LOCAL NONPROFITS THRIVE AND GROW THROUGH HIGH QUALITY TRAINING AND TECHNICAL ASSISTANCE. ANNUAL LEADERSHIP SUMMIT BRINGS NATIONALLY KNOWN EXPERTS WHO PROVIDE TRAINING IN BEST PRACTICES IN GOVERNANCE AND FUNDRAISING FOR OVER 200 VOLUNTEERS WHO SERVE ON BOARDS OF DIRECTORS OF NONPROFITS IN PLACER COUNTY. NINE TOTAL TRAININGS PROVIDED OVER 987 HOURS OF FREE TRAINING WAS PROVIDED TO NONPROFIT LEADERS. THE FOUNDATION CONTINUED ITS WORK TO EDUCATE THE PUBLIC ON THE NEED FOR AFFORDABLE WORKFORCE HOUSING IN PLACER COUNTY AND TO ADVOCATE FOR POLICY CHANGES TO ENSURE AFFORDABLE HOUSING IS CONSTRUCTED.
YOUTH DEVELOPMENT: GRANTS SUPPORTING THE NEEDS OF AT-RISK AND ECONOMICALLY DISADVANTAGED YOUTH IN PLACER COUNTY ARE AWARDED. SCHOLARSHIP FUNDS ARE AWARDED TO STUDENTS WHO ARE PURSUING FURTHER EDUCATION IN A VOCATIONAL, COLLEGE OR UNIVERSITY SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Blake CEO | OfficerTrustee | 40 | $183,982 |
James T Williams Chairman | OfficerTrustee | 10 | $0 |
Sheila Cardno 2nd Vice Chair | OfficerTrustee | 5 | $0 |
Ellen Macinnes Treasurer | OfficerTrustee | 5 | $0 |
Larry Welch Imm Past Chair | OfficerTrustee | 1 | $0 |
Bonnie London Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,775,483 |
| Noncash contributions included in lines 1a–1f | $477,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,339,983 |
| Total Program Service Revenue | $92,580 |
| Investment income | $328,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,622,063 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,383,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,449,821 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,982 |
| Compensation of current officers, directors, key employees. | $11,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,213 |
| Payroll taxes | $37,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,108 |
| Fees for services: Other | $212,195 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,412 |
| Travel | $10,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,746 |
| Insurance | $5,306 |
| All other expenses | $12,247 |
| Total functional expenses | $3,245,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,517 |
| Savings and temporary cash investments | $2,534,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,307 |
| Net Land, buildings, and equipment | $1,643 |
| Investments—publicly traded securities | $16,404,046 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,454 |
| Total assets | $19,564,863 |
| Accounts payable and accrued expenses | $271,398 |
| Grants payable | $0 |
| Deferred revenue | $12,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $283,498 |
| Net assets without donor restrictions | $5,623,637 |
| Net assets with donor restrictions | $13,657,728 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,564,863 |
Grants Awarded
Over the last fiscal year, Placer Community Foundation has awarded $1,395,345 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Auburn, CA PURPOSE: Community Services | $191,701 |
Lincoln, CA PURPOSE: Health & Human Services | $90,750 |
Grass Valley, CA PURPOSE: Health & Human Services | $77,500 |
Auburn, CA PURPOSE: Open Space Preservation | $75,250 |
Auburn, CA PURPOSE: Youth Services | $66,250 |
Auburn, CA PURPOSE: Health & Human Services | $58,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Placer Community Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
League Of California Community Foundations Sonora, CA PURPOSE: DISASTER RELIEF RECOVERY AND RESILIENCE | $150,000 |
Endowment Analysis
| Beg. Balance | $12,896,814 |
| Earnings | $1,146,359 |
| Admin Expense | $215,501 |
| Net Contributions | $241,056 |
| Other Expense | $361,000 |
| Ending Balance | $13,707,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |