Community Foundation Of San Carlos
- Assets
- $2.9m
- Revenue
- $481.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- 09/2019
- Data as of
- 06/2024
- EIN
- 84-2531005
Organization Overview
Community Foundation Of San Carlos is located in San Carlos, CA. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of San Carlos 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 06/2024, Community Foundation Of San Carlos generated $481.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $179.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Foundation Of San Carlos has awarded 89 individual grants totaling $836,500. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF COMMUNITY FOUNDATION OF SAN CARLOS IS TO AMPLIFY THE WORK OF NONPROFITS SERVING SAN CARLOS THROUGH GRANTS FROM ITS ENDOWMENT INCOME & COMMUNITY DONATIONS, TO RAISE FUNDS FOR SPECIAL PROJECTS ADDRESSING COMMUNITY NEEDS, AND TO BUILD A GREATER SENSE OF COMMUNITY IN SAN CARLOS THROUGH OUTREACH AND COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION OF SAN CARLOS SERVES AS A CONNECTOR FOR THE COMMUNITY AND LOCAL ORGANIZATIONS BY IDENTIFYING COMMUNITY NEEDS, SHARING INFORMATION AND RESOURCES. WE ADDRESS IDENTIFIED COMMUNITY NEEDS BY BRINGING TOGETHER LOCAL NONPROFITS, BUSINESSES, SERVICE ORGANIZATIONS, COMMUNITY LEADERS AND DONORS TO CONTRIBUTE TIME, IN-KIND GOODS & SERVICES, AND FINANCIAL RESOURCES TO CREATE SUSTAINABLE SOLUTIONS. THE FOCUS OF 2023 WAS ON SUPPORTING OUR COMMUNITY MEMBERS WHILE CELEBRATING THE RICH AND DIVERSE HERITAGE THAT COMPRISE OUR COMMUNITY. DURING THE FISCAL YEAR WE AWARDED $131,210 GRANTS TO 16 AREA NONPROFITS. IN ADDITION, THE COMMUNITY FOUNDATION OF SAN CARLOS SUPPORTED A WIDE VARIETY OF COMMUNITY EVENTS AND CELEBRATIONS INCLUDING PUBLIC ART PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Best Treasurer | OfficerTrustee | 6 | $0 |
Jessica Yang Director | Trustee | 4 | $0 |
Michael Campbell President | OfficerTrustee | 6 | $0 |
Patricia Love Secretary | OfficerTrustee | 2 | $0 |
Linda Garvey Vice President | OfficerTrustee | 5 | $0 |
Sandy Kraft Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,606 |
| Total Program Service Revenue | $0 |
| Investment income | $91,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,210 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,971 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,036 |
| Office expenses | $802 |
| Information technology | $5,409 |
| 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 | $18,219 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,340 |
| All other expenses | $0 |
| Total functional expenses | $179,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,104 |
| 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 | $0 |
| Investments—publicly traded securities | $2,815,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,860,258 |
| Accounts payable and accrued expenses | $2,850 |
| Grants payable | $0 |
| 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 | $2,850 |
| Net assets without donor restrictions | $264,776 |
| Net assets with donor restrictions | $2,592,632 |
| 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 | $2,860,258 |
Grants Awarded
Over the last fiscal year, Community Foundation Of San Carlos has awarded $115,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARBOR BAY SCHOOL PURPOSE: EDUCATION | $10,000 |
CALIFORNIA CLUBHOUSE PURPOSE: SERVICES FOR ADULTS WITH PSYCHIATRIC DISABILITIES | $10,000 |
EACH GREEN CORNER PURPOSE: OFFERING EDUCATIONAL PROGRAMS AND BUILDING AND MAINTAINING VEGETABLE GARDENS | $10,000 |
FRIENDS FOR YOUTH PURPOSE: PROVIDING ADULT MENTORS TO TROUBLED YOUTH | $7,500 |
HEALTHY CITIES TUTORING PURPOSE: YOUTH TUTORING | $10,000 |
LEARNING HOME VOLUNTEERS PURPOSE: PREPARING FOR KINDERGARTEN | $10,000 |