Sacramento Region Community Foundation
- Assets
- $222.6m
- Revenue
- $65.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Sacramento, CA
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 94-2891517
Organization Overview
Sacramento Region Community Foundation is located in Sacramento, CA. The organization was established in 1983. 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. As of 12/2023, Sacramento Region Community Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Region Community 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 12/2023, Sacramento Region Community Foundation generated $65.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $31.1m during the year ending 12/2023. While expenses have increased by 12.0% 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.
Since 2014, Sacramento Region Community Foundation has awarded 2,349 individual grants totaling $63,185,359. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SACRAMENTO REGION COMMUNITY FOUNDATION LEADS, SERVES, AND INSPIRES ENDURING PHILANTHROPY FOR A JUST AND VIBRANT SACRAMENTO REGION.
Describe the Organization's Program Activity:
DONOR ADVISED AND UNRESTRICTED GRANTMAKING: SINCE THE SACRAMENTO REGION COMMUNITY FOUNDATION WAS FOUNDED IN 1983 BY LOCAL LEADERS, WE HAVE BEEN A PRIMARY PROVIDER OF PHILANTHROPIC SERVICES. LIKE OTHER PLACE-BASED COMMUNITY FOUNDATIONS ACROSS THE UNITED STATES AND AROUND THE WORLD, THE FOUNDATION PROMOTES PHILANTHROPY THAT IS VISIONARY, STRATEGIC, AND INCLUSIVE, MAKING IT A CATALYST FOR TRANSFORMING THE REGION. THE FOUNDATION MANAGES HUNDREDS OF CHARITABLE FUNDS FOR LOCAL FAMILIES, BUSINESSES, AND NONPROFITS. THANKS TO THE GENEROSITY OF ITS DONORS WHO ARE PIVOTAL PARTNERS IN ITS WORK TO TRANSFORM AND ENRICH CALIFORNIA'S CAPITAL REGION, THE FOUNDATIONS ANNUAL GRANT AWARDS TO NONPROFIT ORGANIZATIONS FROM ITS CHARITABLE FUNDS HAVE GROWN FROM OVER $272,000 IN 1983 TO NEARLY $14 MILLION IN 2023.(CONTINUED AT SCHEDULE O.)
EXPANDING PHILANTHROPY AND THE SOCIAL ECONOMY: THIS STRATEGIC INITIATIVE LEADS TO A MORE GENEROUS REGION BY PROMOTING INDIVIDUAL PHILANTHROPY THROUGH SUCH ACTIVITIES AS BIG DAY OF GIVING AND THE GIVINGEDGE REGIONAL NONPROFIT DATABASE, CREATING STRONGER NONPROFITS THROUGH LEADERSHIP DEVELOPMENT, DONOR STEWARDSHIP AND FUNDRAISING, AND ADVANCING COLLABORATION AMONG NONPROFIT ORGANIZATIONS. FOR EXAMPLE, BIG DAY OF GIVING, THE ANNUAL GIVING DAY THAT HAS GENERATED MORE THAN $91 MILLION FROM GENEROUS DONORS FOR HUNDREDS OF LOCAL NONPROFITS SINCE ITS INCEPTION IN 2013, IS A YEARLONG, COMMUNITYWIDE MOVEMENT TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN THE CAPITAL REGION.(CONTINUED AT SCHEDULE O.)
THE FOUNDATION MANAGES OVER 50 SCHOLARSHIP FUNDS, WHICH WERE ESTABLISHED BY LOCAL INDIVIDUALS, FAMILIES, BUSINESSES, AND ORGANIZATIONS. OUR SCHOLARSHIPS PROVIDE TUITION ASSISTANCE AND RECOGNITION TO LOCAL STUDENTS AS THEY STRIVE TO ACHIEVE A WIDE RANGE OF GOALS THROUGH THE PURSUIT OF HIGHER EDUCATION.EACH SCHOLARSHIP FUND HAS ITS OWN UNIQUE CRITERIA FOR SELECTING RECIPIENTS, INCLUDING ACADEMIC ACHIEVEMENT, FINANCIAL NEED, EDUCATIONAL AND CAREER GOALS, COMMUNITY INVOLVEMENT AND ETHNIC BACKGROUND. ANNUAL SCHOLARSHIP AWARDS RANGE FROM $500 TO $10,000 AND MAY BE USED FOR ACCREDITED ACADEMIC AND VOCATIONAL TRAINING PROGRAMS. IN 2023, THE FOUNDATION AWARDED OVER $1 MILLION TO MORE THAN 400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Wood CEO | Officer | 40 | $245,600 |
Edward Harris CFO | Officer | 40 | $168,000 |
Nakisha Nesmith Chief Impact Offic | 40 | $164,296 | |
Kelly Skiefkin Chief Philanthropy | 40 | $120,165 | |
Naomi Wilson CFO | Officer | 40 | $86,804 |
Kate Stille Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc Investment Consulting | 12/30/23 | $137,099 |
Halstead Lp Rent | 12/30/23 | $169,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,545,293 |
| Government grants | $242,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,222,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,010,597 |
| Total Program Service Revenue | $125,550 |
| Investment income | $2,785,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $840,740 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,791,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,992,486 |
| Grants and other assistance to domestic individuals. | $494,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $413,600 |
| Compensation of current officers, directors, key employees. | $171,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,496 |
| Pension plan accruals and contributions | $105,075 |
| Other employee benefits | $128,811 |
| Payroll taxes | $119,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,556 |
| Fees for services: Accounting | $115,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,241,981 |
| Fees for services: Other | $335,395 |
| Advertising and promotion | $120,592 |
| Office expenses | $24,936 |
| Information technology | $140,498 |
| Royalties | $0 |
| Occupancy | $169,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,311 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,327 |
| Insurance | $24,425 |
| All other expenses | $121,918 |
| Total functional expenses | $31,140,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,582,801 |
| Savings and temporary cash investments | $9,128 |
| Pledges and grants receivable | $11,951 |
| Accounts receivable, net | $3,307,323 |
| 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 | $143,532 |
| Net Land, buildings, and equipment | $31,805 |
| Investments—publicly traded securities | $213,495,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,744 |
| Other assets | $4,005,838 |
| Total assets | $222,642,438 |
| Accounts payable and accrued expenses | $650,160 |
| Grants payable | $184,101 |
| Deferred revenue | $585,240 |
| 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 | $7,265,789 |
| Total liabilities | $8,685,290 |
| Net assets without donor restrictions | $207,764,120 |
| Net assets with donor restrictions | $6,193,028 |
| 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 | $222,642,438 |
Grants Awarded
Over the last fiscal year, Sacramento Region Community Foundation has awarded $17,381,780 in support to 544 organizations.
| Grant Recipient | Amount |
|---|---|
350 SACRAMENTO PURPOSE: UNRESTRICTED | $10,549 |
4 R FRIENDS- RESCUE REHAB RE-HOME REACH OUT PURPOSE: UNRESTRICTED | $29,190 |
3STRANDS GLOBAL FOUNDATION PURPOSE: UNRESTRICTED | $6,342 |
3STRANDS GLOBAL INC PURPOSE: EMERGENCY COVID-19 PROGRAM SUPPORT FOR THE EMPLOY AND EMPOWER PROGRAM | $7,500 |
916 INK PURPOSE: UNRESTRICTED | $77,883 |
A COMMUNITY FOR PEACE PURPOSE: UNRESTRICTED | $5,822 |