Desert Community Foundation
- Assets
- $36.5m
- Revenue
- $5.6m
- Investments
- $35.2m
- Employees
- 2
- Location
- Palm Desert, CA
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 95-4725924
Organization Overview
Desert Community Foundation is located in Palm Desert, CA. The organization was established in 1999. 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 06/2022, Desert Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Desert 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 06/2022, Desert Community Foundation generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Desert Community Foundation has awarded 355 individual grants totaling $8,424,823. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND FACILITATE CHARITABLE GIVING IN OUR DESERT COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Arredondo Board Member | Trustee | 1 | $0 |
Sandra M Comrie Board Member | Trustee | 1 | $0 |
Dorothy Hamilton Board Member | Trustee | 1 | $0 |
Ricardo Loretta Board Member | Trustee | 1 | $0 |
Rosalin Schiller Board Member | Trustee | 1 | $0 |
Dan Kirby Board Member | Trustee | 1 | $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 | $9,443,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,443,748 |
| Total Program Service Revenue | $357,469 |
| Investment income | $406,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,314,110 |
| Net Income from Fundraising Events | $254,432 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,648,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $552,573 |
| Grants and other assistance to domestic individuals. | $1,542,052 |
| 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 | $127,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,877 |
| Payroll taxes | $10,432 |
| Fees for services: Management | $399,458 |
| Fees for services: Legal | $6,504 |
| Fees for services: Accounting | $33,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,250 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,618 |
| Office expenses | $16,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,211 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,601 |
| All other expenses | $0 |
| Total functional expenses | $2,877,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,274 |
| Savings and temporary cash investments | $1,093,629 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,193,965 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,474,868 |
| Accounts payable and accrued expenses | $11,210 |
| 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 | $11,210 |
| Net assets without donor restrictions | $36,463,658 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,474,868 |
Grants Awarded
Over the last fiscal year, Desert Community Foundation has awarded $386,493 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT | $11,380 |
DISCOVERY LAND COMPANY FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
DESERT PROTECTION SOCIETY PURPOSE: GENERAL SUPPORT | $11,380 |
HOAG HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
HEART OF JESUS RETREAT CENTER PURPOSE: GENERAL SUPPORT | $6,500 |
MARTHA'S VILLAGE & KITCHEN PURPOSE: GENERAL SUPPORT | $11,380 |