North Coast Trust Fund
- Assets
- $33.1m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 12/1974
- Data as of
- 06/2021
- EIN
- 94-1672782
Organization Overview
North Coast Trust Fund is located in Alameda, CA. The organization was established in 1974. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Coast Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, North Coast Trust Fund generated $31.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $26.9m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 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
TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Hopkins Trustee, Co-Chair | Trustee | 1 | $0 |
Michael Yates Trustee, Co-Chair | Trustee | 1 | $0 |
Manuel Soares Trustee, Alternate | Trustee | 1 | $0 |
Richard Murphy Trustee | Trustee | 1 | $0 |
Rafael A Miranda Trustee | Trustee | 1 | $0 |
Erine Yates Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Administration Fees | 6/29/21 | $476,579 |
Rael Letson Consulting | 6/29/21 | $103,600 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,303,537 |
| Investment income | $583,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,441,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,328,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $25,978,650 |
| 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 | $476,579 |
| Fees for services: Legal | $62,157 |
| Fees for services: Accounting | $55,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,281 |
| Fees for services: Other | $147,935 |
| Advertising and promotion | $0 |
| Office expenses | $41,066 |
| 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 | $6,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,892 |
| All other expenses | $1,354 |
| Total functional expenses | $26,872,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,011,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,609,601 |
| 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 | $1,636,367 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,837,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,095,236 |
| Accounts payable and accrued expenses | $289,873 |
| 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 | $3,403,531 |
| Total liabilities | $3,693,404 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $29,401,832 |
| Total liabilities and net assets/fund balances | $33,095,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Climate Imperative Foundation San Francisco, CA | $130,219,187 | $221,533,652 |
Bay Area Delivery Drivers Security Fund Dublin, CA | $36,970,392 | $52,650,018 |
North Coast Trust Fund Alameda, CA | $33,095,236 | $31,328,979 |
Lower Columbia Estuary Partnership Portland, OR | $6,854,633 | $13,854,063 |
Rose Foundation For Communities And The Environment Oakland, CA | $13,720,278 | $9,215,891 |
Martis Fund Truckee, CA | $15,628,296 | $4,571,050 |
Swift Foundation Santa Barbara, CA | $66,818,197 | $1,459,109 |
Bay Area Industry Promotion Fund Oakland, CA | $19,424,290 | $5,651,706 |
Santa Monica Bay Foundation Playa Del Rey, CA | $2,169,499 | $3,100,072 |
Sherman Foundation Newport Beach, CA | $20,971,786 | $2,966,996 |
Inner City Education Family Los Angeles, CA | $28,478,454 | $2,246,800 |
Lake Tahoe Conservation Fund Tahoe City, CA | $9,891,050 | $3,551,350 |