Central Valley Community Foundation
- Assets
- $105.4m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Fresno, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 77-0478025
Organization Overview
Central Valley Community Foundation is located in Fresno, CA. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Central Valley Community Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Valley 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 12/2021, Central Valley Community Foundation generated $19.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $17.4m during the year ending 12/2021. While expenses have increased by 7.3% 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
WE CONNECT CAPITAL AND COMMUNITIES FOR A JUST AND THRIVING CENTRAL VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR VARIOUS COMMUNITY SERVICES, INCLUDING EDUCATION, HEALTH, CULTURAL AND ENVIRONMENTAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Swearengin President & CEO | Officer | 40 | $289,432 |
Kerri Horn CFO | Officer | 40 | $129,726 |
Elliott Balch COO | Officer | 40 | $129,655 |
Corinne Lucero Regional Director | 40 | $114,736 | |
Gretchen Moore Past Cso | Officer | 40 | $91,423 |
Doug Morgan Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mendez Media Marketing Inc Advertising Services | 12/30/21 | $385,000 |
Fresno Business Council Upskilling Initiative | 12/30/21 | $500,000 |
Arc Properties Inc Facilities Rent | 12/30/21 | $228,029 |
Sankofa Consulting Llc Drive Initiative | 12/30/21 | $210,145 |
Economic Development Second Office Initiative | 12/30/21 | $373,269 |
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 | $13,727,438 |
| Noncash contributions included in lines 1a–1f | $2,667,663 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,727,438 |
| Total Program Service Revenue | $1,190,039 |
| Investment income | $4,349,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,266,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,942,705 |
| Grants and other assistance to domestic individuals. | $274,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $558,714 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $657,777 |
| Compensation of current officers, directors, key employees. | $352,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,152,527 |
| Pension plan accruals and contributions | $64,634 |
| Other employee benefits | $142,388 |
| Payroll taxes | $135,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,760 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $288,571 |
| Fees for services: Other | $98,184 |
| Advertising and promotion | $431,767 |
| Office expenses | $31,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,877 |
| Travel | $14,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,892 |
| Interest | $221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,795 |
| Insurance | $53,437 |
| All other expenses | $142,711 |
| Total functional expenses | $17,447,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,658,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,450,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,071 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $463,884 |
| Net Land, buildings, and equipment | $2,605,901 |
| Investments—publicly traded securities | $85,220,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $105,414,980 |
| Accounts payable and accrued expenses | $2,532,770 |
| Grants payable | $2,868,712 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,229,603 |
| 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 | $19,572,579 |
| Total liabilities | $26,203,664 |
| Net assets without donor restrictions | $25,094,527 |
| Net assets with donor restrictions | $54,116,789 |
| 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 | $105,414,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Valley Community Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Colley Foundation Tr San Francisco, CA PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $27,834,508 |
| Earnings | $4,106,222 |
| Admin Expense | $365,737 |
| Net Contributions | $1,258,994 |
| Other Expense | $26,291 |
| Grants | $1,065,786 |
| Ending Balance | $31,741,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |