Los Rios Foundation
- Assets
- $19.8m
- Revenue
- $5.3m
- Investments
- $186.1k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 94-2506591
Organization Overview
Los Rios Foundation is located in Sacramento, CA. The organization was established in 1980. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Los Rios 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 06/2022, Los Rios Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 8.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE STUDENT SUCCESS AND PREPARE AN EDUCATED WORKFORCE THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT STUDENT SUPPORT WAS ESPECIALLY CRITICAL TO KEEP STUDENTS IN SCHOOL AND SUCCEEDING AS THEY RECOVER FROM THE EFFECTS OF THE PANDEMIC. THE STUDENT EMERGENCY FUND ASSISTED WITH BASIC NEEDS, HOUSING AND FOOD INSECURITY. SCHOLARSHIPS PROVIDED BY GENEROUS INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND EMPLOYEES WAS AWARDED TO 601 STUDENTS IN THE FOUR LOS RIOS COLLEGES. SCHOLARSHIPS COVER TUITION FEES, TEXTBOOKS, TRANSPORTATION AND LIVING EXPENSES FOR STUDENTS WITH A HIGH LEVEL OF FINANCIAL NEED AND/OR OUTSTANDING ACADEMIC PERFORMANCE. THE LOS RIOS SCHOLARSHIP PROGRAM SUPPORTS DESERVING STUDENTS INCLUDING FOSTER YOUTH, VETERANS, SINGLE PARENTS AND AT-RISK LOW INCOME POPULATIONS.
THE LOS RIOS COLLEGES FOUNDATION PROVIDED SUPPORT TO COLLEGEDEPARTMENTS AND PROGRAMS DURING THE 2021-22 ACADEMIC YEAR. THESE RESOURCES ALLOW COLLEGE FACULTY, STAFF AND ADMINISTRATORS TO IMPROVE EXISTING PROGRAMS, EXPERIMENT WITH NEW AND INNOVATIVE APPROACHES AND SUPPORT STUDENT SUCCESS. THE LOS RIOS COLLEGES FOUNDATION PROVIDES PHILANTHROPIC SUPPORT TO THE FOUR LOS RIOS COLLEGES, AMERICAN RIVER, COSUMNES RIVER, FOLSOM LAKE AND SACRAMENTO CITY, AND THE HARRIS CENTER FOR THE ARTS, BY SERVING AS THE VEHICLE THROUGH WHICH INDIVIDUALS AND ORGANIZATIONS MAY INVEST IN THE LOS RIOS COLLEGES AND THEIR STUDENTS.
THANKS TO GENEROUS CORPORATE AND INDIVIDUAL DONORS, LRCF CONTINUED TO REMOVE BARRIERS FOR STUDENTS THROUGH THE PROMISE INITIATIVE. THE LOS RIOS PROMISE SCHOLARSHIPS PROVIDED $500 AWARDS TO FIRST TIME, FULL TIME STUDENTS WITH HIGH FINANCIAL NEED. THIS YEAR WE LAUNCHED THE PROMISE TO CAREER CONSTRUCTION PROGRAM TO HELP PREPARE STUDENTS FOR HIGH-PAYING, HIGH-QUALITY JOBS IN THE CONSTRUCTION AND BUILDING INDUSTRY AND MEET THE DEMAND IN THE REGION FOR SKILLED WORKERS. STUDENTS RECEIVED ENROLLMENT AND COMPLETION SCHOLARSHIPS TO HELP WITH NEEDS SUCH AS WORK BOOTS, TOOLS AND SAFETY GLASSES.
THE LOS RIOS COLLEGES FOUNDATION RECEIVES GIFTS OF REAL ESTATE, GOODS AND EQUIPMENT IN SUPPORT OF ACADEMIC AND STUDENT PROGRAMS. GIFTS THIS YEAR INCLUDED ITEMS THAT PROVIDED REAL WORLD, HANDS ON OPPORTUNITIES FOR OUR STUDENTS SUCH AS BATTERY STORAGE AND ENERGY MONITORING STATIONS TO BENEFIT THE SOLAR INSTALLERS PROGRAM, SCIENCE KITS TO BENEFIT VITICULTURE AND CHEMISTRY PROGRAMS, AND TWO COMPLETE AIRPLANE ENGINES AND A PROPELLER TO BENEFIT THE AERONATICS PROGRAM. MANY OF THESE GIFTS COME FROM GENEROUS INDUSTRY PARTNERS WHO BENEFIT FROM HIRING THE SKILLED EMPLOYEES WHO RECEIVE THEIR EDUCATION AT THE LOS RIOS COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula L Allison President | OfficerTrustee | 20 | $0 |
Kristin Frame Emmett Secretary | OfficerTrustee | 20 | $0 |
Erica Taylor Chair | OfficerTrustee | 0.5 | $0 |
Erik Winje Vice Chair, Treasurer | OfficerTrustee | 0.5 | $0 |
Alex Taghavian Chair Elect | OfficerTrustee | 0.25 | $0 |
Brian King Ex-Officio | Trustee | 0.25 | $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 | $4,543,430 |
| Noncash contributions included in lines 1a–1f | $763,488 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,543,430 |
| Total Program Service Revenue | $0 |
| Investment income | $282,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $455,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,280,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,432,883 |
| Grants and other assistance to domestic individuals. | $898,418 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $207,109 |
| 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 | $2,598,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,708,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $503,107 |
| Accounts receivable, net | $120,100 |
| 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 | $17,265,109 |
| Investments—other securities | $186,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,783,162 |
| Accounts payable and accrued expenses | $40,662 |
| 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 | $40,662 |
| Net assets without donor restrictions | $2,300,618 |
| Net assets with donor restrictions | $17,441,882 |
| 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 | $19,783,162 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Los Rios Foundation has recieved totaling $825,199.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Promise To Work Construction Fund | $275,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $140,000 |
Sutter Valley Hospitals Sacramento, CA | | $102,500 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $43,300 |
The@robert S And Star Pepper Foundation Inc Roseville, CA PURPOSE: EDUCATION | $40,000 |
Endowment Analysis
| Beg. Balance | $8,306,511 |
| Earnings | -$206,462 |
| Net Contributions | $219,180 |
| Other Expense | $23,735 |
| Ending Balance | $8,295,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |