Bay Area Council Foundation
- Assets
- $46.0m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1826827
Organization Overview
Bay Area Council Foundation is located in San Francisco, CA. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Council 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 12/2023, Bay Area Council Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 9 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 2019, Bay Area Council Foundation has awarded 23 individual grants totaling $2,676,863. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BAY AREA COUNCIL FOUNDATION (BACF) IS A 501(C)(3) CHARITABLE ORG (CONTINUED ON SCHEDULE O) FOUNDED IN 2004 TO FUND, MANAGE AND IMPLEMENT INITIATIVES THAT IMPACT THE ENTIRE BAY AREA REGION OF CALIFORNIA. THE MISSION OF BACF IS TO SUPPORT THE BAY AREA COUNCIL (BAC) AND INVEST PHILANTHROPIC RESOURCES TOWARD BUILDING STRONGER, MORE VIBRANT COMMUNITIES, A HEALTHY ECONOMY, AND A MORE INNOVATIVE, GLOBALLY COMPETITIVE AND SUSTAINABLE BAY AREA REGION. WE DO NOT MAKE GRANTS AND FUNCTION LARGELY AS AN OPERATING FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC INSTITUTE (EI) - VARIOUS SPECIFIC RESEARCH PROJECTS FOR WHICH ECONOMIC REPORTS AND ANALYSIS WERE PREPARED AND COMMUNICATED TO THE BUSINESS COMMUNITY AND BAC MEMBERS. THE EI REVENUE AND EXPENSE FIGURES REPRESENT THE AUDITED FINANCIALS FOR THE ECONOMIC INSTITUTE SEGMENT OF THE BAY AREA COUNCIL FOUNDATION BUSINESS. NOTE THERE ARE CONTRACTUAL TIMING DIFFERENCES RELATIVE TO REVENUE AND EXPENSES RECOGNITION WITH EACH SPECIFIC RESEARCH PROJECT THAT MAY STRADDLE THE 2020 FINANCIAL YEAR. UPON COMPLETION, ALL PROJECT FINANCIALS REFLECT FAVORABLE RESULTS.
EDUCATION - WE BELIEVE IS ONE OF THE TOP COMPETITIVE FACTORS SHAPING THE BAY AREA. THEREFORE THE BACF HELPS DRIVE INITIATIVES TO HELP RAISE CALIFORNIA STUDENT ACHIEVEMENT THROUGH DATA, TEACHER QUALITY. WE HAVE KEY INITIATIVES GEARED TOWARD IMPROVING THE OUTCOMES OF THE STATES P-12 EDUCATION SYSTEM. WE ALSO EXPLORE HOW TO INCREASE LOW-INCOME ACCESS TO EARLY CHILD CARE IN THE BAY AREA AND STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Lawson Chair | OfficerTrustee | 1 | $0 |
Christopher Rivielle Secretary | Trustee | 1 | $0 |
Phillip Mazzie Treasurer | Trustee | 1 | $0 |
Kausik Rajgopal Member | OfficerTrustee | 1 | $0 |
Chris Cimino Member | Trustee | 1 | $0 |
Matt Rossie Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spediacci Construction Construction | 12/30/21 | $5,376,743 |
Rmw Architects Architecture Consulting | 12/30/21 | $182,356 |
Lind Marine Inc Dredging Services | 12/30/21 | $1,191,540 |
Sue Ann Parker Consulting | 12/30/21 | $136,500 |
Anchor Qea Consulting | 12/30/21 | $111,958 |
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 | $3,612,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,612,267 |
| Total Program Service Revenue | $617,567 |
| Investment income | $198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $527,517 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,757,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,284,094 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,515 |
| Pension plan accruals and contributions | $97,049 |
| Other employee benefits | $81,509 |
| Payroll taxes | $59,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $33,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $859,289 |
| Advertising and promotion | $153 |
| Office expenses | $44,825 |
| Information technology | $29,456 |
| Royalties | $0 |
| Occupancy | $43,479 |
| Travel | $1,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $844,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,441,306 |
| Insurance | $217,845 |
| All other expenses | $0 |
| Total functional expenses | $7,080,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,899,241 |
| Accounts receivable, net | $529,309 |
| 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 | $138,777 |
| Net Land, buildings, and equipment | $19,624,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,283,284 |
| Total assets | $45,976,245 |
| Accounts payable and accrued expenses | $1,183,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,708,373 |
| Other liabilities | $24,884,186 |
| Total liabilities | $36,776,536 |
| Net assets without donor restrictions | $2,431,111 |
| Net assets with donor restrictions | $6,768,598 |
| 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 | $45,976,245 |
Grants Awarded
Over the last fiscal year, Bay Area Council Foundation has awarded $585,297 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR A BETTER COMMUNITY PURPOSE: GRANT AWARD FOR CALIFORNIA RESILIENCE CHALLENGE | $98,591 |
THE STUDENT CONSERVATION ASSOCIATION PURPOSE: GRANT AWARD FOR CALIFORNIA RESILIENCE CHALLENGE | $85,591 |
INTERFAITH POWER & LIGHT PURPOSE: GRANT AWARD FOR CALIFORNIA RESILIENCE CHALLENGE | $58,250 |
CIVICWELL PURPOSE: CATALYST SPONSORSHIP OF THE 2023 CALIFORNIA ADAPTATION FORUM | $10,000 |
CITY OF SAN LEANDRO PURPOSE: GRANT AWARD FOR CALIFORNIA RESILIENCE CHALLENGE | $80,500 |
SANTA YNEZ BAND OF CHUMASH MISSION INDIANS PURPOSE: GRANT AWARD FOR CALIFORNIA RESILIENCE CHALLENGE | $56,950 |