Inverness Foundation 15 Park Ave is located in Inverness, CA. The organization was established in 1966. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inverness Foundation 15 Park Ave 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 06/2021, Inverness Foundation 15 Park Ave generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $24.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND PRESERVE INVERNESS, MARIN COUNTY, CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE YEAR 19/20, THE INVERNESS FOUNDATION ACCOMPLISHED MORE REMEDIAL WORK ON ITS ICONIC AND HISTORIC BUILDING, THE GABLES, WHICH HOUSES THE MARIN COUNTY PUBLIC LIBRARY AND THE JACK MASON MUSEUM OF WEST MARIN HISTORY.THIS WORK TOOK CARE OF TERMITE AND OTHER WOOD-BORING INSECT DAMAGE THAT HAD BEEN TREATED THE YEAR BEFORE. THIS INCLUDED REPLACEMENT OF SIDING, REPAINTING AND SEALING ALL SURFACES ON THE REAR OF THE ANNEX, THE JACK MASON MUSEUM ARCHIVES BUILDING, THE OLDEST BUILDING IN INVERNESS. FOLLOWING UP ON EVIDENCE OF DAMAGE (TREATED) IN THE GABLES, REAR SIDING WAS REMOVED AND REPLACED, AND A ROTTING WINDOW WAS REPLACED WITH A NEW SECURE DOOR FOR ACCESS TO THE ATTIC STORAGE AND A RAMP TO ACCESS THE DOOR. THIS WILL FACILITATE ACCESS FOR OUTDOOR EVENTS WHICH STORE THEIR SUPPLIES IN THE ATTIC.IN ADDITION, MORE WORK TOOK PLACE REPLACING BITS AND PIECES OF BRIDGES AROUND THE COMMUNITY.THE ADA DOOR WAS REPAIRED AND LIBRARY STAFF AND THE BOARD LEARNED HOW TO MAKE THE JOB EASIER IN THE FUTURE.THE FOUNDATION CONTINUED TO SUPPORT, THROUGH FISCAL SPONSORSHIP, THE YOUTH TENNIS PROGRAM AS WELL AS SCHOLARSHIPS FOR YOUTH SAILING WITH THE INVERNESS YACHT CLUB.HOURS OF PREPARATION WENT INTO ORGANIZING ANOTHER PROGRAM ON FIRE SAFETY FOR THE COMMUNITY, AND AT THE LAST MINUTE, IT HAD TO BE CANCELLED, DUE TO THE SHELTER IN PLACE/PANDEMIC REGULATIONS.THE JACK MASON MUSEUM OF WEST MARIN HISTORY (A COMMITTEE OF THE IF) MOUNTED FOUR EXHIBITS IN THE 19/20 YEAR, IN THE MUSEUM SPACE OF THE GABLES. THEY INCLUDED THE LATINO PHOTO PROJECT, HISTORIC PHOTOS WITH CONTEMPORARY REENACTMENTS OF THE PHOTOGRAPHS BY MEMBERS OF THE LATINO PHOTO PROJECT. THE NEXT EXHIBITION WAS THE HISTORY OF THE ICONIC INVERNESS FAIR PUT ON ANNUALLY IN RECENT YEARS BY THE INVERNESS ASSOCIATION. THE EXHIBIT COINCIDED WITH THE 2019 FAIR.A PARTICULARLY WELL-ATTENDED EXHIBIT INCLUDED THE HISTORY OF LOCAL NEWSPAPERS AND PUBLICATIONS. THERE WAS AN OPEN HOUSE AND SEMINAR WITH SOME OF THE PAST EDITORS OF THE PUBLICATIONS.THE LAST SHOW WAS OPENED JUST AS SHELTER IN PLACE WAS ABOUT TO BEGIN, SO ITS NOT BEEN WIDELY VIEWED. IT INCLUDES THE HISTORY OF THE BEAR VALLEY RANCH, WHICH IS THE HQ OF THE PT REYES NATIONAL SEASHORE.WHEN THE MARIN COUNTY LIBRARY IS ALLOWED TO HAVE PATRONS BROWSE THE LIBRARY PREMISES, THEY HAVE FULL ACCESS TO THE MUSEUM EXHIBITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Gaman Director | Trustee | 5 | $0 |
William Barrett Vice President | Trustee | 1 | $0 |
Angela Whitney Director | Trustee | 1 | $0 |
Kathy Hartzell President | Trustee | 10 | $0 |
Catherine Caulfield Vice President | Trustee | 5 | $0 |
John Longstreth Treasurer | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $28,341 |
Investment income | $6,091 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,740 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $57,356 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
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 to disqualified persons | $0 |
Other salaries and wages | $1,800 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $167 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,616 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,595 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $2,421 |
All other expenses | $0 |
Total functional expenses | $24,654 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,916 |
Savings and temporary cash investments | $92,089 |
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 | $0 |
Investments—publicly traded securities | $302,146 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,092,796 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
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 | $1,092,796 |
Over the last fiscal year, Inverness Foundation 15 Park Ave has awarded $910,222 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
COMMUNITY LAND TRUST ASSOCAIT | | | $900,000 |
INVERNESS YACHT CLUB PURPOSE: SUPPORT AND PRESERVE INVERNESS | $10,222 |
Over the last fiscal year, we have identified 2 grants that Inverness Foundation 15 Park Ave has recieved totaling $295.
Awarding Organization | Amount |
---|---|
The Richard And Roselyn Lindheim Memorial Trust Berkeley, CA PURPOSE: GENERAL SUPPORT | $250 |
Draper Foundation San Mateo, CA PURPOSE: COMMUNITY OUTREACH | $45 |
Organization Name | Assets | Revenue |
---|---|---|
Island Conservation Santa Cruz, CA | $9,877,224 | $8,035,021 |
Pachamama Alliance San Francisco, CA | $3,900,327 | $8,257,728 |
Green Education Foundation San Jose, CA | $4,255,688 | $9,135,673 |
Lake Las Vegas Master Association Henderson, NV | $4,504,755 | $6,722,310 |
Clientearth Usa Inc Calabasas, CA | $7,838,710 | $8,181,021 |
Citizens Climate Education Corp Coronado, CA | $6,007,250 | $6,465,563 |
Strategic Energy Innovations San Rafael, CA | $5,993,384 | $6,356,060 |
California Native Plant Society Sacramento, CA | $13,959,792 | $6,631,755 |
Irvine Ranch Conservancy Irvine, CA | $5,172,136 | $6,197,394 |
Greater Hart-Sheldon Conservation Fund Bend, OR | $86,750 | $130 |
Grand Canyon Trust Inc Flagstaff, AZ | $35,143,090 | $9,915,125 |
The Natomas Basin Conservancy A Ca Non-Profit Public Benefit Corp Sacramento, CA | $115,320,606 | $29,049,059 |