Gilroy Foundation
- Assets
- $16.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Gilroy, CA
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 94-2719281
Organization Overview
Gilroy Foundation is located in Gilroy, CA. The organization was established in 1986. 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. As of 12/2021, Gilroy Foundation employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Gilroy 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 12/2021, Gilroy Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gilroy Foundation has awarded 120 individual grants totaling $3,534,461. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1980, THE GILROY FOUNDATION WAS ORGANIZED SPECIFICALLY TO HELP THE NEEDS OF THE COMMUNITY IN THE AREAS OF HEALTH, EDUCATION, RECREATION, CULTURE AND CIVIC SERVICES.COVID-19 RESTRICTION LIMITED THE ORGANIZATION FROM PERFOMING SOME OF ITS USUAL ACTIVITIES. ONCE THE RESTRICTIONS ARE LIFTED, THEY ANTICIPATE GRADUALLY RETURNING TO NORMAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS SCHOLARSHIPS
CHARITABLE GRANTS
VARIOUS COMMUNITY PROGRAMS AND PROJECTS, INCLUDING GILROY HIGH SCHOOL AND CHRISTOPHER HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vito Mercado Vice President | OfficerTrustee | 2 | $0 |
Lee Blaettler Secretary | OfficerTrustee | 2 | $0 |
Jennifer Speno Treasurer | OfficerTrustee | 2 | $0 |
Karen La Corte President | OfficerTrustee | 2 | $0 |
Rigo Vargas Director | Trustee | 1 | $0 |
Don Delorenzo Director | Trustee | 1 | $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 | $1,128,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,682 |
| Total Program Service Revenue | $0 |
| Investment income | $1,598,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,049,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $479,338 |
| Grants and other assistance to domestic individuals. | $469,722 |
| 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 | $128,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $214,192 |
| Fees for services: Other | $1,773 |
| Advertising and promotion | $4,846 |
| Office expenses | $9,341 |
| Information technology | $3,003 |
| Royalties | $0 |
| Occupancy | $22,338 |
| 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 | $1,850 |
| Insurance | $3,949 |
| All other expenses | $34,803 |
| Total functional expenses | $1,467,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,692 |
| Savings and temporary cash investments | $1,074,576 |
| Pledges and grants receivable | $43,650 |
| Accounts receivable, net | $2,061 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $5,471 |
| Investments—publicly traded securities | $14,894,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,540 |
| Total assets | $16,183,935 |
| Accounts payable and accrued expenses | $2,386 |
| 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 | $2,592,779 |
| Total liabilities | $2,595,165 |
| Net assets without donor restrictions | $2,512,765 |
| Net assets with donor restrictions | $11,076,005 |
| 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 | $16,183,935 |
Grants Awarded
Over the last fiscal year, Gilroy Foundation has awarded $434,472 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTOPHER HIGH SCHOOL | | | $104,400 |
VARIOUS 5000 OR LESS | | | $74,655 |
STARTING ARTS EDUCATOIN | | | $34,051 |
CANADA DE LOS OSOS | | | $31,291 |
Gilroy, CA | | $26,025 |
GILROY HISTORICAL SOCIETY | | | $21,625 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gilroy Foundation has recieved totaling $370,291.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $359,213 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,350 |
Rendiamo Foundation Gilroy, CA PURPOSE: GENERAL | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $228 |
Endowment Analysis
| Beg. Balance | $9,674,482 |
| Earnings | $1,222,983 |
| Net Contributions | $332,483 |
| Grants | $465,290 |
| Ending Balance | $10,764,658 |
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 |