Marin Community Foundation
- Assets
- $755.2m
- Revenue
- $235.4m
- Investments
- $245.6m
- Employees
- 68
- Location
- Novato, CA
- Founding
- 01/1986
- Data as of
- 06/2020
- EIN
- 94-3007979
Organization Overview
Marin Community Foundation is located in Novato, CA. The organization was established in 1986. 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 06/2021, Marin Community Foundation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin 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 06/2020, Marin Community Foundation generated $235.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $132.9m during the year ending 06/2020. While expenses have increased by 18.1% 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.
Since 2015, Marin Community Foundation has awarded 6,305 individual grants totaling $531,777,738. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE GRANT MAKING TO NONPROFITS IN MARIN COUNTY, THE BAY AREA AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2021, MARIN COMMUNITY FOUNDATION (MCF) GRANTED OVER $114 MILLION FROM ITS FAMILY AND COMMUNITY FUNDS TO NONPROFITS IN MARIN COUNTY, ELSEWHERE IN THE U.S., AND AROUND THE WORLD. THESE GRANTS SUPPORTED A WIDE RANGE OF COMMUNITY NEEDS, INCLUDING SOCIAL SERVICES, EDUCATIONAL PROGRAMS, THE ARTS AND ENVIRONMENTAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Peters President & CEO | Officer | 50 | $679,494 |
Sa Hartman Cfo/coo | Officer | 50 | $364,754 |
Laura Goff VP Of It | 40 | $231,603 | |
Lauren Mcclelland VP Finance | 40 | $230,181 | |
Alexandra Derby Vp, Philanthropy | 40 | $227,215 | |
Saul Macias VP Human Resources | 40 | $217,353 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mark Cavagnero Associates Architectural Services | 6/29/21 | $292,083 |
Crewcial Partners Llc Investment Consulting Services | 6/29/21 | $248,845 |
Pricewaterhousecoopers Llp Audit Services | 6/29/21 | $299,595 |
Colonial Consulting Llc Investment Consulting Services | 6/29/21 | $205,801 |
Vrp Consulting It Support | 6/29/21 | $569,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,146,452 |
| Investment income | $7,589,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,146,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,366,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $77,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,651,603 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,226,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,175,302 |
| Pension plan accruals and contributions | $720,475 |
| Other employee benefits | $1,228,976 |
| Payroll taxes | $501,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,501 |
| Fees for services: Accounting | $377,966 |
| Fees for services: Lobbying | $136,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,301,040 |
| Fees for services: Other | $1,370,679 |
| Advertising and promotion | $279,524 |
| Office expenses | $161,331 |
| Information technology | $532,623 |
| Royalties | $0 |
| Occupancy | $1,586,215 |
| Travel | $75,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,030,527 |
| Insurance | $79,836 |
| All other expenses | $0 |
| Total functional expenses | $132,913,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,503,329 |
| 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 | $6,480,051 |
| Investments—publicly traded securities | $432,820,250 |
| Investments—other securities | $245,553,433 |
| Investments—program-related | $13,114,484 |
| Intangible assets | $0 |
| Other assets | $30,156,402 |
| Total assets | $755,211,408 |
| Accounts payable and accrued expenses | $1,861,922 |
| Grants payable | $10,497,293 |
| Deferred revenue | $48,768 |
| 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 | $71,347,831 |
| Total liabilities | $83,755,814 |
| 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 |
| Total liabilities and net assets/fund balances | $671,455,594 |
Grants Awarded
Over the last fiscal year, Marin Community Foundation has awarded $104,248,353 in support to 979 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: PROGRAM SUPPORT | $5,382,500 |
Berkeley, CA PURPOSE: PROGRAM SUPPORT | $3,792,075 |
San Francisco, CA PURPOSE: MOVEMENT VOTER FUND SUPPORT | $2,739,250 |
San Francisco, CA PURPOSE: CHRONIC HOMELESSNESS INITIATIVE | $2,600,000 |
West Lafayette, IN PURPOSE: EDUCATIONAL PROGRAMS SUPPORT | $2,410,000 |
San Francisco, CA PURPOSE: PROGRAM SUPPORT | $2,072,354 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Marin Community Foundation has recieved totaling $26,857,358.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Nonprofit/Philanthropy | $8,718,316 |
Ramp Foundation Woodside, CA PURPOSE: GENERAL SUPPORT | $5,830,000 |
Murray And Harriet Richards Foundation Novato, CA PURPOSE: GENERAL | $3,999,590 |
Panta Rhea Foundation Inc La Jolla, CA PURPOSE: GENERAL SUPPORT | $3,492,527 |
Panta Rhea Foundation Inc La Jolla, CA PURPOSE: GENERAL SUPPORT | $1,252,986 |
Panta Rhea Foundation Inc La Jolla, CA PURPOSE: GENERAL SUPPORT | $1,009,207 |
Endowment Analysis
| Beg. Balance | $87,186,224 |
| Earnings | $26,859,512 |
| Admin Expense | $507,440 |
| Net Contributions | $15,430,169 |
| Other Expense | $800 |
| Grants | $5,652,442 |
| Ending Balance | $123,315,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Foundation Portland, OR | $3,083,541,362 | $417,266,834 |
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
East Bay Community Foundation Oakland, CA | $785,752,885 | $390,383,292 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |