Community Foundation Of San Benito County
- Assets
- $30.1m
- Revenue
- $12.3m
- Investments
- $15.9m
- Employees
- 8
- Location
- Hollister, CA
- Founding
- 11/1996
- Data as of
- 10/2023
- EIN
- 77-0312582
Organization Overview
Community Foundation Of San Benito County is located in Hollister, 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 10/2023, Community Foundation Of San Benito County employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of San Benito County 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 10/2023, Community Foundation Of San Benito County generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $19.5m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of San Benito County has awarded 662 individual grants totaling $47,605,663. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A PERMANENT ENDOWMENT TO PROVIDE GRANTS AND ASSISTANCE TO DEVELOP AND STRENGTHEN LOCAL NON-PROFIT ORGANIZATIONS IN SAN BENITO COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANT ASSISTANCE TO VARIOUS EDUCATIONAL, YOUTH, SENIOR, AND COMMUNITY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Brigantino Director | Trustee | 1 | $0 |
Alan Clark Secretary | OfficerTrustee | 2 | $0 |
Damon Felice Director | Trustee | 2 | $0 |
Phil Fortino Director | Trustee | 2 | $0 |
Mike Grace Cfo/treasurer | OfficerTrustee | 2 | $0 |
Fernando Gonzalez Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Del Curto Brothers Construction Building Construction | 10/30/22 | $984,614 |
Walters & Wolf Interiors Building Construction | 10/30/22 | $449,780 |
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 | $11,935,824 |
| Noncash contributions included in lines 1a–1f | $772,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,935,824 |
| Total Program Service Revenue | $0 |
| Investment income | $460,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,281,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,374,770 |
| 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. | $179,141 |
| Compensation of current officers, directors, key employees. | $59,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,753 |
| Payroll taxes | $28,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $802 |
| Fees for services: Accounting | $32,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,465 |
| Advertising and promotion | $18,337 |
| Office expenses | $12,286 |
| 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 | $298,507 |
| Insurance | $13,757 |
| All other expenses | $0 |
| Total functional expenses | $19,469,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,778,429 |
| 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 | $6,291,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,910,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,130,400 |
| Total assets | $30,110,958 |
| Accounts payable and accrued expenses | $22,419 |
| Grants payable | $848,984 |
| 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 | $548,292 |
| Total liabilities | $1,419,695 |
| Net assets without donor restrictions | $16,919,719 |
| Net assets with donor restrictions | $11,771,544 |
| 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 | $30,110,958 |
Grants Awarded
Over the last fiscal year, Community Foundation Of San Benito County has awarded $17,967,093 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
IMPACT ASSETS INC PURPOSE: STANDARD | $14,000,000 |
REGENERATIVE AGRICULTURE FOUNDATION PURPOSE: STANDARD | $254,000 |
PAICINES RANCH LEARNING CENTER PURPOSE: STANDARD | $175,000 |
ECDYSIS FOUNDATION PURPOSE: STANDARD | $265,000 |
GOOD MEAT PROJECT PURPOSE: STANDARD | $170,000 |
HIGHER PURPOSE CO PURPOSE: STANDARD | $150,000 |