Elk Grove Community Foundation

Organization Overview

Elk Grove Community Foundation is located in Elk Grove, CA. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elk Grove 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 12/2021, Elk Grove Community Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $370.0k during the year ending 12/2021. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE THE DEVELOPMENT OF EDUCATIONAL OPPORTUNITIES AND PROGRAMS THROUGH SCHOLARSHIPS AND GRANTS, AND TO COORDINATE CONTRIBUTIONS TO MEET THE COMMUNITY'S NEEDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS WERE GRANTED FROM ACCUMULATED CONTRIBUTIONS AND EARNINGS FOR COLLEGE SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Pat Hume
President
$0
Rebecca Davis
Vice President
$0
Chet Madison
Vice President
$0
Suzanne Kennedy
Vice President
$0
Steve Singleton
Treasurer
$0
Arlene Hein
Reporter
$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$344,269
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$344,269
Total Program Service Revenue$0
Investment income $105,500
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $589,457
Net Income from Fundraising Events $57,869
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,103,845

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Elk Grove Community Foundation has recieved totaling $6.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$6
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,869,295
Earnings$263,476
Net Contributions$247,816
Grants$263,476
Ending Balance$4,117,111

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