Src Living Legacy Foundation
- Assets
- $1.3m
- Revenue
- $741.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3432820
Organization Overview
Src Living Legacy Foundation is located in Saratoga, CA. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Src Living Legacy 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 12/2022, Src Living Legacy Foundation generated $741.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $110.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LIVING LEGACY FOUNDATION'S EDUCATIONAL GRANT PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING LEGACY FOUNDATION'S EDUCATIONAL GRANT PROGRAM GIVES SCHOLARSHIPS TO ANYONE WHO SATISFIES THESE TWO CRITERIA:1) THEY ARE AN EMPLOYEE OF THE SARATOGA RETIREMENT COMMUNITY, OR A SON OR DAUGHTER OF AN EMPLOYEE;2) THEY HAVE BEEN ACCEPTED FOR A PLACE OR ARE CURRENTLY WORKING TOWARDS A DEGREE IN A TWO YEAR COLLEGE OR A FOUR YEAR UNIVERSITY, AND ARE A STUDENT IN GOOD STANDING;THE FOUNDATION AWARDED 40 EDUCATIONAL GRANTS IN 2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Martin Chairman, Fund Development | OfficerTrustee | 3 | $0 |
Susan Carnahan Communications Chair And Stewardship Chair | Trustee | 2 | $0 |
Linda Elden Education Grants Committee Member | Trustee | 1 | $0 |
Steve Johnson Educational Grants Chair | Trustee | 5 | $0 |
Judy Corney Secretary | Trustee | 2 | $0 |
Colin Whitby-Strevens Treasurer | Trustee | 4 | $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 | $726,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $726,341 |
| Total Program Service Revenue | $0 |
| Investment income | $19,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,500 |
| 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 | $2,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,967 |
| Fees for services: Other | $579 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $110,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,592 |
| Savings and temporary cash investments | $15,243 |
| 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 | $1,279,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,338,065 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,000 |
| Total liabilities | $3,000 |
| Net assets without donor restrictions | $1,247,182 |
| Net assets with donor restrictions | $87,883 |
| 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 | $1,338,065 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Src Living Legacy Foundation has recieved totaling $9,200.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,200 |
Thomas & Ellen Hogue Family Foundation Inc Wilmington, DE PURPOSE: SRC EMPLOYEE SCHOLARSHIPS FUND | $1,600 |
Thomas & Ellen Hogue Family Foundation Inc Wilmington, DE PURPOSE: SRC SCHOLARSHIP FUND | $100 |
Thomas & Ellen Hogue Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Thomas & Ellen Hogue Family Foundation Inc Wilmington, DE PURPOSE: SRC EDUCATION PROGRAM SCHOLARSHIP FUND | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alameda County Tobacco Asset Securitization Corporation Oakland, CA | $19,768,611 | $18,590,063 |
Gold Country Settlement Funding Corp Auburn, CA | $6,031,758 | $3,475,839 |
Inland Empire Tobaccosecuritization Corporation Riverside, CA | $259,604,903 | $12,773,889 |
Mental Health For Children Inc Springfield, OR | $5,065,120 | $7,331,896 |
Changelab Solutions Oakland, CA | $15,746,986 | $13,606,627 |
Spur-San Francisco Bay Are Planning And Urban Research Association San Francisco, CA | $18,179,408 | $7,467,044 |
East Bay Innovation Academy Oakland, CA | $2,595,879 | $8,649,182 |
Equality California Institute Los Angeles, CA | $3,410,779 | $5,992,471 |
Palo Alto Public Improvement Corporation Palo Alto, CA | $158,763,344 | $1,679,598 |
Vermont Village Human Services Corporation Los Angeles, CA | $28,001,792 | $4,364,948 |
Folded Flag Foundation Inc Las Vegas, NV | $11,013,213 | $5,308,956 |
Greater Reno Community Ice Skating Association Reno, NV | $10,174,749 | $2,449,166 |