Placer Community Foundation
- Assets
- $16.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Auburn, CA
- Founding
- 08/2005
- Data as of
- 12/2022
- 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 12/2022, Placer Community Foundation employed 8 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 12/2022, Placer Community Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Placer Community Foundation has awarded 374 individual grants totaling $10,335,614. 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
2022
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. $314,000 WAS DISTRIBUTED TO MOSQUITO 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. TWELVE TOTAL TRAININGS PROVIDED OVER 1,327 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 | $184,547 |
Carol Holliman 2nd Vice Chair | OfficerTrustee | 1 | $0 |
James T Williams Board Member | Trustee | 1 | $0 |
Dick Azevedo Board Member | Trustee | 1 | $0 |
Sheila Cardno Treasurer | OfficerTrustee | 5 | $0 |
Dick Kramer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,089,885 |
| Noncash contributions included in lines 1a–1f | $452,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,089,885 |
| Total Program Service Revenue | $85,901 |
| Investment income | $301,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,435,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,672,636 |
| 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. | $184,547 |
| Compensation of current officers, directors, key employees. | $15,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,917 |
| Payroll taxes | $39,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,180 |
| Fees for services: Other | $68,220 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,424 |
| Travel | $17,207 |
| 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 | $1,393 |
| Insurance | $5,727 |
| All other expenses | $17,596 |
| Total functional expenses | $2,669,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,510 |
| Savings and temporary cash investments | $2,707,166 |
| 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 | $3,571 |
| Net Land, buildings, and equipment | $253 |
| Investments—publicly traded securities | $12,888,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,751 |
| Total assets | $16,321,586 |
| Accounts payable and accrued expenses | $80,866 |
| Grants payable | $1,500 |
| Deferred revenue | $7,725 |
| 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 | $90,091 |
| Net assets without donor restrictions | $4,524,901 |
| Net assets with donor restrictions | $11,706,594 |
| 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 | $16,321,586 |
Grants Awarded
Over the last fiscal year, Placer Community Foundation has awarded $1,518,347 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL SPAY AND NEUTER CLINIC PURPOSE: Animal Protection/Services | $6,000 |
AMERICAN RED CROSS PURPOSE: Health & Human Services | $10,000 |
AUBURN INTERFAITH FOOD CLOSET PURPOSE: Health & Human Services | $17,200 |
AUBURN STATE THEATRE PURPOSE: Arts | $8,700 |
BOYS & GIRLS CLUB OF PLACER PURPOSE: Youth Services | $23,200 |
AUBURN SYMPHONY PURPOSE: Arts | $19,966 |