Leadingage California Foundation
- Assets
- $19.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Sacramento, CA
- Founding
- 03/1967
- Data as of
- 12/2023
- EIN
- 95-2383463
Organization Overview
Leadingage California Foundation is located in Sacramento, CA. The organization was established in 1967. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Leadingage California Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage California 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, Leadingage California Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 29.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HOUSING, CARE AND SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PROVIDES EDUCATIONAL INFORMATION AND TRAINING FOR MEMBERS.
EVENTS: PROVIDES PROGRAMS SUCH AS SEMINARS AND TRAINING FOR THE ASSOCIATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannee Parker Martin President/ceo & Director | OfficerTrustee | 20 | $0 |
Soua Vang Chief Education & Marketing Officer | 20 | $0 | |
Carlos Enrique Montero CFO - Term Ended 3/31/2023 | Officer | 12 | $0 |
Lisa Mccargar CFO - Hire Date 5/16/2023 | Officer | 12 | $0 |
Meghan Rose Chief Government Affairs Officer | 40 | $186,232 | |
Amanda Davidson Director Of Grant & Contract Administration | 40 | $110,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,343,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $760,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,103,714 |
| Total Program Service Revenue | $58,231 |
| Investment income | $21,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,585 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,358,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,313,211 |
| Pension plan accruals and contributions | $29,504 |
| Other employee benefits | $98,956 |
| Payroll taxes | $97,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $861 |
| Fees for services: Other | $5,977,865 |
| Advertising and promotion | $0 |
| Office expenses | $153,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $182,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,175 |
| Interest | $2,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,751 |
| Insurance | $300 |
| All other expenses | $0 |
| Total functional expenses | $9,115,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,721,931 |
| Savings and temporary cash investments | $280,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,321,579 |
| 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 | $86,098 |
| Net Land, buildings, and equipment | $14,929 |
| Investments—publicly traded securities | $6,345,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,770,780 |
| Accounts payable and accrued expenses | $508,236 |
| Grants payable | $0 |
| Deferred revenue | $15,293 |
| 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 | $102,876 |
| Other liabilities | $23,413 |
| Total liabilities | $649,818 |
| Net assets without donor restrictions | $727,100 |
| Net assets with donor restrictions | $18,393,862 |
| 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 | $19,770,780 |
Grants Awarded
Over the last fiscal year, Leadingage California Foundation has awarded $75,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RHF PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |
TELECU PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |
MERCY HOUSING PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |
PEP HOUSING PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |
HUMAN GOOD PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |