Borrego Valley Endowment Fund Inc
- Assets
- $9.1m
- Revenue
- $485.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Borrego Springs, CA
- Founding
- 09/1994
- Data as of
- 03/2022
- EIN
- 33-0611010
Organization Overview
Borrego Valley Endowment Fund Inc is located in Borrego Springs, CA. The organization was established in 1994. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borrego Valley Endowment Fund Inc 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 03/2022, Borrego Valley Endowment Fund Inc generated $485.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $427.4k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Borrego Valley Endowment Fund Inc has awarded 36 individual grants totaling $1,219,162. 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
TO OPERATE A COMMUNITY FOUNDATION THAT GRANTS FINANCIAL SUPPORT TO CHARITABLE PROGRAMS WITHIN THE BORREGO VALLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT FINANCIAL SUPPORT TO THE BORREGO SPRINGS FIRE PROTECTION DISTRICT TO FUND THE PURCHASE OF FIVE NEW ZOLL X SERIES ADVANCED MONITOR/DEFIBRILLATORS. TOTAL $188,826.
GRANT FINANCIAL SUPPORT TO B.A.S.I.C. TO PROVIDE THE CHILDREN'S SUMMER LEARNING PROGRAM. TOTAL $25,500.
GRANT FINANCIAL SUPPORT FOR SENIOR MEALS AND FOOD DISTRIBUTION PROGRAMS PROVIDED BY THE BORREGO SPRINGS YOUTH & SENIOR CENTER AND BORREGO SPRINGS MINISTER'S ASSOCIATION. TOTAL $23,680.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garmon David Vice President | OfficerTrustee | 7 | $0 |
Kelly Robert President | OfficerTrustee | 5 | $0 |
Brecht Marshal Treasurer | OfficerTrustee | 5 | $0 |
Manildi Caroline Secretary | OfficerTrustee | 2 | $0 |
Garcia Karen Director | Trustee | 1 | $0 |
Troy Richard Director | 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 | $43,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,250 |
| Total Program Service Revenue | $0 |
| Investment income | $159,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $281,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,023 |
| 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. | $500 |
| Compensation of current officers, directors, key employees. | $500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,133 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7 |
| 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 | $1,500 |
| All other expenses | $9,030 |
| Total functional expenses | $427,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,915 |
| Savings and temporary cash investments | $60,030 |
| 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 | $8,983,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,054,116 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $20,119 |
| Net assets with donor restrictions | $9,033,997 |
| 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 | $9,054,116 |
Grants Awarded
Over the last fiscal year, Borrego Valley Endowment Fund Inc has awarded $310,772 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BORREGO SP FIRE PROTECT DISTR PURPOSE: Purch 5 new Monitor/Defibrillators | $188,826 |
Borrego Springs, CA PURPOSE: Meals, Food distr, Transport, etc | $33,680 |
Borrego Springs, CA PURPOSE: Children's summer learning program | $25,500 |
BORREGO WATER DISTRICT PURPOSE: UCI - Air quality study | $21,766 |
Borrego Springs, CA PURPOSE: Borrego Sp Visitor Experience Plan | $20,000 |
Borrego Springs, CA PURPOSE: New Equipment | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Borrego Valley Endowment Fund Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $21,000 |
Endowment Analysis
| Beg. Balance | $9,036,054 |
| Earnings | $402,178 |
| Admin Expense | $80,956 |
| Net Contributions | $43,250 |
| Other Expense | $33,387 |
| Grants | $313,023 |
| Ending Balance | $9,054,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Healthcare Foundation Oakland, CA | $962,705,535 | $76,725,408 |
Parker Institute For Cancer Immunotherapy San Francisco, CA | $380,437,987 | $170,996,190 |
Saint Johns Hospital & Health Center Foundation Santa Monica, CA | $338,467,866 | $91,993,336 |
Honorhealth Foundation Scottsdale, AZ | $342,615,174 | $47,488,942 |
The Health Trust San Jose, CA | $121,710,824 | $27,941,301 |
Valley Childrens Healthcare Foundation Madera, CA | $40,273,327 | $13,248,839 |
Childrens Healthcare Of California Orange, CA | $509,065,328 | $34,175,929 |
Healthcare Transitional Funding Corp Glendale, AZ | $463,333 | $25,480 |
Community Clinics Health Network San Diego, CA | $1,366,120 | $5,859,898 |
Health First Foundation-Northern Arizona Flagstaff, AZ | $53,020,022 | $5,292,258 |
Legacy Health Endowment Turlock, CA | $0 | $3,113,073 |
Oregon Rural Health Initiative Portland, OR | $7,029,575 | $4,022,932 |