Community Foundation San Luis Obispo County
- Assets
- $75.5m
- Revenue
- $3.2m
- Investments
- $17.9m
- Employees
- 19
- Location
- San Luis Obispo, CA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 77-0496500
Organization Overview
Community Foundation San Luis Obispo County is located in San Luis Obispo, CA. The organization was established in 1999. 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 12/2023, Community Foundation San Luis Obispo County employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation San Luis Obispo 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 12/2023, Community Foundation San Luis Obispo County generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundation San Luis Obispo County has awarded 1,165 individual grants totaling $23,290,475. 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 MAKE A DIFFERENCE THROUGH PHILANTHROPIC LEADERSHIP - SEE SCHEDULE OTHE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY FULFILLS ITS MISSION BY:-ENGAGING PRIVATE GIVING FOR PUBLIC GOOD;-BUILDING AND MAINTAINING PERMANENT ENDOWMENTS TO RESPOND TO CHANGING COMMUNITY NEEDS;-PROVIDING FLEXIBLE TAX-EXEMPT VEHICLES FOR DONORS WITH VARIED CHARITABLE INTERESTS AND ABILITIES TO GIVE;-SERVING AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY NEEDS THROUGH SCHOLARSHIPS; AND-STRENGTHENING THE NON-PROFIT SECTOR THROUGH GRANTS AND DEVELOPMENT ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION SAN LUIS OBISPO COUNTY SERVES THE ENTIRE COUNTY OF SAN LUIS OBISPO, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. THROUGH THE GENEROSITY OF OUR DONORS, PAST AND PRESENT, PHILANTHROPY IS PROMOTED THAT STRENGTHENS CIVIC LIFE ACROSS THE SAN LUIS OBISPO COUNTY REGION IN RESPONSE TO THE EVER CHANGING DEMOGRAPHICS AND NEEDS OF OUR COMMUNITIES. WE FOCUS OUR GRANTMAKING ON THE FOLLOWING CORE AREAS: ARTS & CULTURE, EDUCATION, HEALTH, HUMAN SERVICES, SCHOLARSHIPS, ENVIRONMENT AND COMMUNITY ENHANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Fritz President | OfficerTrustee | 4 | $0 |
Kath Tompkins Vice President | OfficerTrustee | 4 | $0 |
Anita Robinson Treasurer | OfficerTrustee | 4 | $0 |
Linda Somers Smith Secretary | OfficerTrustee | 4 | $0 |
Jeff Buckingham Director | Trustee | 4 | $0 |
Gwen Erskine President Of Ref, Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,456 |
| Related organizations | $0 |
| Government grants | $164,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,235,461 |
| Noncash contributions included in lines 1a–1f | $380,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,416,190 |
| Total Program Service Revenue | $0 |
| Investment income | $1,726,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,967,824 |
| Net Income from Fundraising Events | $43,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,221,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,899,350 |
| Grants and other assistance to domestic individuals. | $326,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,673 |
| Compensation of current officers, directors, key employees. | $140,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,255 |
| Pension plan accruals and contributions | $16,706 |
| Other employee benefits | $78,091 |
| Payroll taxes | $53,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,563 |
| Fees for services: Accounting | $27,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $248,043 |
| Fees for services: Other | $142,445 |
| Advertising and promotion | $13,024 |
| Office expenses | $38,778 |
| Information technology | $70,539 |
| Royalties | $0 |
| Occupancy | $23,043 |
| Travel | $11,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,854 |
| Insurance | $21,094 |
| All other expenses | -$106,001 |
| Total functional expenses | $5,369,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,048 |
| Savings and temporary cash investments | $8,462,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,000 |
| 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 | $18,419 |
| Net Land, buildings, and equipment | $1,464,406 |
| Investments—publicly traded securities | $43,947,053 |
| Investments—other securities | $17,920,945 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,573,237 |
| Total assets | $75,470,661 |
| Accounts payable and accrued expenses | $51,938 |
| Grants payable | $485,810 |
| Deferred revenue | $15,261 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,405,560 |
| 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 | $785,510 |
| Total liabilities | $3,744,079 |
| Net assets without donor restrictions | $13,052,309 |
| Net assets with donor restrictions | $58,674,273 |
| 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 | $75,470,661 |
Grants Awarded
Over the last fiscal year, Community Foundation San Luis Obispo County has awarded $2,660,177 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
5CITIES HOMELESS COALITION PURPOSE: UNRESTRICTED GRANT | $36,000 |
ATASCADERO LOAVES AND FISHES PURPOSE: UNRESTRICTED | $28,000 |
BASIN STREET REGULARS-CENTRAL COAST HOT JAZZ SOCIETY PURPOSE: 25TH ANNIVERSARY GRANTS | $15,000 |
BIG BROTHERS BIG SISTERS OF SAN LUIS OBISPO COUNTY PURPOSE: UNRESTRICTED | $26,000 |
BRIDGE LACROSSE DALLAS PURPOSE: UNRESTRICTED | $15,000 |
BOYS & GIRLS CLUB MID CENTRAL COAST PURPOSE: 25TH ANNIVERSARY GRANTS | $20,000 |