Garden Grove Community Foundation Inc
- Assets
- $1.2m
- Revenue
- $228.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Garden Grove, CA
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 33-0793607
Organization Overview
Garden Grove Community Foundation Inc is located in Garden Grove, CA. The organization was established in 1998. 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. Garden Grove Community Foundation 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 12/2021, Garden Grove Community Foundation Inc generated $228.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $138.2k during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GARDEN GROVE COMMUNITY FOUNDATION IS TO CONTRIBUTE LEADERSHIP AND RESOURCES TO ENHANCE COMMUNITY LIFE IN THE CITY OF GARDEN GROVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CONCERTS IN THE PARK. FREE WEEKLY CONCERTS THAT PROVIDE FAMILY FRIENDLY ENTERTAINMENT FOR CITY RESIDENTS AND VISITORS. FOOD IS AVAILABLE FOR PURCHASE FROM LOCAL VENDORS. THE AVERAGE ATTENDANCE FOR EACH CONCERT FLUCTUATES BETWEEN 1500 AND 3000 PEOPLE.
WINTER IN THE GROVE - THIS FREE EVENT IS PRESENTED BY THE CITY OF GARDEN GROVE AND THE COMMUNITY FOUNDATION. IT FEATURES FREE LIVE ENTERTAINMENT HOLIDAY REFRESHMENTS AND FOOD FOR PURCHASE. THE EVENT CULMINATES WITH THE SPECTACULAR CHRISTMAS TREE LIGHTING THE ARRIVAL OF SANTA AND MRS. CLAUS AND A FLURRY OF WINTER SNOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tam Nguyen President | OfficerTrustee | 8 | $0 |
Eric Williams Secretary | OfficerTrustee | 5 | $0 |
Efrain Davalos Vice-President | OfficerTrustee | 5 | $0 |
Alex Sanchez Treasurer | OfficerTrustee | 5 | $0 |
Jeremy Lehman Director | Trustee | 2 | $0 |
Ric Lerma Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,900 |
| Related organizations | $0 |
| Government grants | $84,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,656 |
| Total Program Service Revenue | $2,586 |
| Investment income | $48,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,371 |
| 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 | $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 | $2,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $848 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $216 |
| 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 | $1,369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,163 |
| All other expenses | $0 |
| Total functional expenses | $138,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,652 |
| Savings and temporary cash investments | $480,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,401 |
| 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 | $582,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,199,214 |
| Accounts payable and accrued expenses | $28,878 |
| Grants payable | $0 |
| Deferred revenue | $415,829 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $61,646 |
| 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 | $5,850 |
| Total liabilities | $512,203 |
| Net assets without donor restrictions | $90,094 |
| Net assets with donor restrictions | $596,917 |
| 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 | $1,199,214 |
Grants Awarded
Over the last fiscal year, Garden Grove Community Foundation Inc has awarded $94,171 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHEESE & CRUMBLE INC PURPOSE: Assistance for business and specific economic development needs due to Covid-19 | $50,000 |
KOA CORPORATION PURPOSE: Assistance for business and specific economic development needs due to Covid-19 | $28,445 |
CITY OF GARDEN GROVE PURPOSE: Co-sponsor of City event | $10,000 |
DTN TECH PURPOSE: Assistance for business and specific economic development needs due to Covid-19 | $5,726 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garden Grove Community Foundation Inc has recieved totaling $112.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Endowment Analysis
| Beg. Balance | $534,261 |
| Earnings | $48,632 |
| Ending Balance | $582,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |