Los Altos Community Foundation
- Assets
- $24.8m
- Revenue
- $9.7m
- Investments
- $23.0m
- Employees
- 23
- Location
- Los Altos, CA
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 77-0273721
Organization Overview
Los Altos Community Foundation is located in Los Altos, CA. The organization was established in 1996. 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. As of 06/2022, Los Altos Community Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Altos 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 06/2022, Los Altos Community Foundation generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 16.2% 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, Los Altos Community Foundation has awarded 694 individual grants totaling $16,217,178. 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
IMPROVE THE LOCAL COMMUNITY THROUGH GRANTMAKING, COMMUNITY PROGRAMS, AND DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMV-CF AND ITS FUNDS PROVIDE GRANTS AND SCHOLARSHIPS TO 501(C)(3) NONPROFITS AND DESERVING STUDENTS. MUCH OF THIS SUPPORT IS FOCUSED ON ORGANIZATIONS AND STUDENTS RESIDING WITHIN THE THREE COMMUNITIES THAT LAMV-CF SERVES.
LAMV-CF MANAGES CHARITABLE FUNDS THAT ENABLE INCREASED PHILANTHROPY BY DONORS AND ORGANIZATIONS. THESE FUNDS INCLUDE DONOR ADVISED FUNDS FOR INDIVIDUALS AND FAMILIES, DESIGNATED FUNDS FOR NONPROFITS, AND SCHOLARSHIP FUNDS TO HELP DESERVING STUDENTS.
LAMV-CF MANAGES AND FISCALLY SPONSORS PROGRAMS TO ADDRESS COMMUNITY NEEDS AND MAKE THE COMMUNITY A BETTER PLACE TO LIVE, WORK, AND ENJOY. LAMV-CF'S MANAGED PROGRAMS FOCUS ON YOUTH PHILANTHROPY, COMMUNITY LEADERSHIP, NEIGHBORHOOD COMMUNITY BUILDING, AND DISPUTE RESOLUTION.LAMV-CF'S FISCALLY SPONSORED PROGRAMS ADDRESS MULTIPLE AREAS INCLUDING SENIORS, THE ENVIRONMENT, YOUTH SCHOLARSHIPS AND SERVICE, COMMUNITY VIBRANCY, AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adin Miller Executive Director | Officer | 40 | $118,215 |
Vivienne Hsu Board Co-Chair | OfficerTrustee | 2 | $0 |
Diane Parnes Secretary | OfficerTrustee | 2 | $0 |
Laura Teksler Board Co-Chair | OfficerTrustee | 2 | $0 |
Anna Yamamoto Treasurer | OfficerTrustee | 2 | $0 |
Dan Barritt 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 | $5,412,170 |
| Noncash contributions included in lines 1a–1f | $615,737 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,412,170 |
| Total Program Service Revenue | $407,626 |
| Investment income | $701,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,976,865 |
| Net Income from Fundraising Events | $11,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,736,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,018,579 |
| Grants and other assistance to domestic individuals. | $1,652,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,250 |
| Compensation of current officers, directors, key employees. | $5,013 |
| Compensation to disqualified persons | $508,325 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,017 |
| Payroll taxes | $52,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,708 |
| Fees for services: Accounting | $19,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,878 |
| Fees for services: Other | $11,947 |
| Advertising and promotion | $9,986 |
| Office expenses | $1,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,457 |
| Travel | $594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,712 |
| Insurance | $14,259 |
| All other expenses | $54,792 |
| Total functional expenses | $6,107,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $167,767 |
| 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 | $659 |
| Net Land, buildings, and equipment | $1,222,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,002,428 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,821,882 |
| Accounts payable and accrued expenses | $58,526 |
| Grants payable | $193,466 |
| 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 | $77,180 |
| Total liabilities | $329,172 |
| Net assets without donor restrictions | $19,840,966 |
| Net assets with donor restrictions | $4,651,744 |
| 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 | $24,821,882 |
Grants Awarded
Over the last fiscal year, Los Altos Community Foundation has awarded $1,847,066 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: OPERATIONS | $150,000 |
Berkeley, CA PURPOSE: OPERATIONS | $130,000 |
Palo Alto, CA PURPOSE: OPERATIONS | $100,000 |
Mountain View, CA PURPOSE: OPERATIONS | $64,759 |
Los Altos Hills, CA PURPOSE: OPERATIONS | $64,152 |
New York, NY PURPOSE: OPERATIONS | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Los Altos Community Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Maud And Burton Goldfield Family Foundation Corporation Wilmington, DE PURPOSE: MVLA SCHOLARS | $10,000 |
Maud And Burton Goldfield Family Foundation Corporation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Endowment Analysis
| Beg. Balance | $3,089,963 |
| Earnings | -$343,819 |
| Admin Expense | $14,452 |
| Net Contributions | $600 |
| Grants | $110,968 |
| Ending Balance | $2,621,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |