Tustin Community Foundation
- Assets
- $109.8k
- Revenue
- $326.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Tustin, CA
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 33-0558228
Organization Overview
Tustin Community Foundation is located in Tustin, CA. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tustin 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, Tustin Community Foundation generated $326.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $369.1k during the year ending 12/2022. While expenses have increased by 14.7% per year over the past 8 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 2020, Tustin Community Foundation has awarded 13 individual grants totaling $157,511. 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 PURPOSE OF THE FOUNDATION IS TO PROMOTE AND ADVANCE PHILANTHROPY IN THE GREATER TUSTIN AREA BY SUPPORTING NONPROFIT ORGANIZATIONS AND PUBLIC INSTITUTIONS THAT EFFECTIVELY ADDRESS COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE TO TUSTIN AREA NON-PROFIT ORGANIZATIONS AND SCHOOLS IN THEIR FUNDRAISING ACTIVITIES. ACTIVITIES INCLUDE COMMUNITY CALENDAR, PARTIES IN PARKS, COMMUNITY VOLUNTEER RECOGNITION LUNCHEON, MAYOR'S THANKSGIVING BREAKFAST, PANCAKE BREAKFAST AT CITY'S EGG HUNT AND OTHER ACTIVITIES CRUCIAL TO THE HEALTH AND VITALITY OF THE COMMUNITY.ADDITIONALLY, PROVIDE DIRECT CHARITABLE FUNDS TO THE REAL AND IMMEDIATE NEEDS AND INTERESTS OF THE GREATER TUSTIN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Micco President, CEO | OfficerTrustee | 3 | $0 |
Chris Uribe Treasurer/cfo | OfficerTrustee | 4 | $0 |
Charlotte Waggoner Secretary | OfficerTrustee | 0.5 | $0 |
Ed Reynolds VP Grants | OfficerTrustee | 1 | $0 |
Nathan Chandler Board Member | Trustee | 1 | $0 |
Morgan Gallagher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,005 |
| Noncash contributions included in lines 1a–1f | $106,651 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,830 |
| Total Program Service Revenue | $9,757 |
| Investment income | $156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,440 |
| 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. | $68,043 |
| Compensation of current officers, directors, key employees. | $68,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,187 |
| All other expenses | $5,664 |
| Total functional expenses | $369,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,750 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,750 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $6,420 |
| Total liabilities | $6,420 |
| Net assets without donor restrictions | $103,330 |
| Net assets with donor restrictions | $0 |
| 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 | $109,750 |
Grants Awarded
Over the last fiscal year, Tustin Community Foundation has awarded $49,137 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TACFA PURPOSE: PERFORMING ARTS | $6,112 |
TUSTIN AMERICAN LEGION POST 227 PURPOSE: VETERANS | $43,025 |