The James B Mcclatchy Foundation
- Assets
- $43.8m
- Revenue
- $13.7m
- Investments
- $6.3m
- Employees
- 9
- Location
- Sacramento, CA
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 68-0283878
Organization Overview
The James B Mcclatchy Foundation is located in Sacramento, CA. The organization was established in 1993. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, James B Mcclatchy Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James B Mcclatchy 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 06/2022, James B Mcclatchy Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $8.8m during the year ending 06/2022. While expenses have increased by 23.8% 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.
Since 2015, James B Mcclatchy Foundation has awarded 165 individual grants totaling $16,047,527. 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
WE STAND WITH THE PEOPLE OF THE CENTRAL VALLEY BY INVESTING IN EDUCATION AND ACTIVE CIVIC PARTICIPATION IN OUR DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS SUNSETTING. IN THE LAST COUPLE YEARS, THE FOUNDATION'S GRANTMAKING HAS INTENTIONALLY ACTIVATED AND IS CENTERED ON ADDRESSING THE NEEDS OF ENGLISH LEARNERS AND THE FIRST AMENDMENT IN THE CENTRAL VALLEY. THE PANDEMIC HAS REVEALED MAJOR CAPACITY BUILDING NEEDS FOR ORGANIZATIONS AND THOSE WHO LEAD IT. THE FOUNDATION IN ITS SUNSET PLANNING HAS ACCELERATED ITS GRANTMAKING SPENDING AS A STRATEGY TO CONTINUE LEARNING WHAT PEOPLE NEED. WHILE ITS SUNSET PLAN IS IN DEVELOPMENT, THE LESSONS GLEANED WILL INFORM US OF EMERGING TRENDS RELATED TO OUR PROGRAM AREAS AND SEE WHERE ALIGNMENT OCCURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Enriquez CEO | Officer | 40 | $202,660 |
Lisa Burke Operations Mg'r | 40 | $111,498 | |
Heather A Bernikoff Sr Program Officer | 40 | $109,704 | |
Susanna Cooper Director | Trustee | 1 | $2,000 |
Jason Bell Treasurer | OfficerTrustee | 1 | $2,000 |
Lucy Ruiz Director | Trustee | 1 | $2,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,028,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,623,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,652,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,633,862 |
| 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. | $230,660 |
| Compensation of current officers, directors, key employees. | $65,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $586,788 |
| Pension plan accruals and contributions | $39,307 |
| Other employee benefits | $0 |
| Payroll taxes | $55,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,275 |
| Fees for services: Accounting | $24,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,860 |
| Advertising and promotion | $7,964 |
| Office expenses | $0 |
| Information technology | $19,370 |
| Royalties | $0 |
| Occupancy | $65,567 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,412 |
| Insurance | $10,491 |
| All other expenses | $6,610 |
| Total functional expenses | $8,819,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,272,762 |
| 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 | $16,811 |
| Net Land, buildings, and equipment | $41,266 |
| Investments—publicly traded securities | $34,193,740 |
| Investments—other securities | $6,270,905 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,795,484 |
| Accounts payable and accrued expenses | $79,517 |
| Grants payable | $654,932 |
| 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 | $734,449 |
| Net assets without donor restrictions | $40,067,020 |
| Net assets with donor restrictions | $2,994,015 |
| 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 | $43,795,484 |
Grants Awarded
Over the last fiscal year, The James B Mcclatchy Foundation has awarded $6,839,872 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK YOUTH LEADERSHIP PURPOSE: LIFT | $45,000 |
ARTE AMERICAS PURPOSE: Mural Project | $26,000 |
BREAKBOX THOUGHT COLLECTIVE PURPOSE: LIFT | $120,000 |
CA RURAL LEGAL ASSISTANCE FDN PURPOSE: Improving quality of life | $7,000 |
CAIR PURPOSE: Quality of Life | $20,000 |
CALIFORNIA CENTER FOR CIVIC P PURPOSE: LIFT | $60,000 |