Peninsula Peaks Foundation
- Assets
- $1.4m
- Revenue
- $44.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 11/2008
- Data as of
- 07/2023
- EIN
- 26-1446294
Organization Overview
Peninsula Peaks Foundation is located in Los Altos, CA. The organization was established in 2008. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Peaks 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 07/2023, Peninsula Peaks Foundation generated $44.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $136.3k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ACTIVELY INVOLVED IN PROVIDING REGULAR VOLLEYBALL COACHING CLINICS WEEKLY WITHIN LOS ALTOS, CA AREA. THE FOUNDATION ALSO SUPPORTED A NUMBER OF TOURNAMENTS PROVIDING COUNSELING, COACHING, AND PHOTOGRAPHY SERVICES. THESE EVENTS REQUIRED TRAVEL WHICH BECAME THE LARGEST EXPENSE THIS YEAR. THE FOUNDATION HAS COORDINATED AND PROVIDED A FACILITY WHERE MUSICIANS MEET FOR WEEKLY PRACTICE SESSIONS. AMATEUR AND PROFESSIONAL MUSICIANS MEET AT PENINSULA PEAKS FOUNDATION HEADQUARTERS TO LEARN MUSIC AND SHARE IDEAS FOR IMPROVEMENT. THE FOUNDATION SPONSORED EDUCATIONAL EVENTS REGARDING WINE PROCESSING, PRODUCTION, AND APPRECIATION. EXPERT SPEAKERS WERE BROUGHT IN ALONG WITH A WIDE VARIETY OF WINE FOR INSTRUCTIONAL AND ILLUSTRATIVE PURPOSES AT THESE EVENTS. ALL IN ALL THE FOUNDATION HAD A SUCCESSFUL YEAR OF PURSUING ITS FOUNDATIONSL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Howard Ex. Trustee | 2 | $0 | |
Eileen Howard Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $216 |
| Dividends & Interest | $42,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $68,539 |
| Printing and publications | $0 |
| Other expenses | $60,145 |
| Total operating and administrative expenses | $130,828 |
| Contributions, gifts, grants paid | $5,516 |
| Total expenses and disbursements | $136,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,065 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,442,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Peninsula Peaks Foundation has awarded $3,475 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: EDUCATIONAL | $1,500 |
MVLA HIGH SCHOOL FOUNDATION PURPOSE: EDUCATIONAL | $1,010 |
MOUNTAIN VIEW HIGH SCHOOL THEATER D PURPOSE: EDUCATIONAL | $665 |
MISC PURPOSE: EDUCATIONAL | $300 |