Pasadena Community Foundation
- Assets
- $160.9m
- Revenue
- $33.0m
- Investments
- $272.7k
- Employees
- 2
- Location
- Pasadena, CA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 20-0253310
Organization Overview
Pasadena Community Foundation is located in Pasadena, CA. The organization was established in 2004. 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 12/2021, Pasadena Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena 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, Pasadena Community Foundation generated $33.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $9.7m during the year ending 12/2021. While expenses have increased by 12.9% 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.
Since 2015, Pasadena Community Foundation has awarded 2,396 individual grants totaling $48,012,082. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PASADENA COMMUNITY FOUNDATION (PCF) STRIVES TO IMPROVE AND ENRICH LIVES OF PEOPLE IN THE GREATER PASADENA AREA THROUGH: THE ESTABLISHMENT AND MANAGEMENT OF CHARITABLE FUNDS WITH AN EMPHASIS ON PERMANENTLY ENDOWED FUNDS THAT BENEFIT THE LOCAL COMMUNITY, PROVIDING GRANTS AND SERVICES TO NON-PROFITS, WORKING WITH DONORS AND ENGAGING IN COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCF STRIVES TO IMPROVE AND ENRICH LIVES OF PEOPLE IN THE GREATER PASADENA AREA THROUGH: THE ESTABLISHMENT AND MANAGEMENT OF CHARITABLE FUNDS WITH AN EMPHASIS ON PERMANENTLY ENDOWED FUNDS THAT BENEFIT THE LOCAL COMMUNITY, PROVIDING GRANTS AND SERVICES TO NON-PROFITS, WORKING WITH DONORS AND ENGAGING IN COMMUNITY PARTNERSHIPS. THIS GRANT INCLUDES PCF, DONOR ADVISED AND FIELD OF INTEREST GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Devoll Executive Director/ceo | Officer | 40 | $206,206 |
Mariver Copeland Director Of Finance/cfo | Officer | 30 | $176,612 |
Clavijo Katherine Director Of Program | 40 | $100,335 | |
Margaret Mgrublian Chair | OfficerTrustee | 0.2 | $0 |
Gloria Pitzer Secretary | OfficerTrustee | 0.2 | $0 |
Koko Archibong Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,996,820 |
| Noncash contributions included in lines 1a–1f | $4,622,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,421,771 |
| Total Program Service Revenue | $0 |
| Investment income | $6,328,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,280,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,042,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,115,271 |
| 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. | $495,521 |
| Compensation of current officers, directors, key employees. | $184,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,631 |
| Payroll taxes | $66,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,674 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,081 |
| Fees for services: Other | $84,717 |
| Advertising and promotion | $64,156 |
| Office expenses | $103,413 |
| Information technology | $85,730 |
| Royalties | $0 |
| Occupancy | $62,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,127 |
| All other expenses | $11,874 |
| Total functional expenses | $9,695,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,656 |
| Savings and temporary cash investments | $185,293 |
| 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 | $16,484 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $158,418,203 |
| Investments—other securities | $272,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,745 |
| Total assets | $160,872,116 |
| Accounts payable and accrued expenses | $889,515 |
| 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 | $6,417,550 |
| Total liabilities | $7,307,065 |
| Net assets without donor restrictions | $66,039,818 |
| Net assets with donor restrictions | $87,525,233 |
| 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 | $160,872,116 |
Grants Awarded
Over the last fiscal year, Pasadena Community Foundation has awarded $6,741,941 in support to 250 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: Emergency Room Trauma Center, Harambee Senior Support, COVID-19 Vaccine Pop-up Clinics, Cardiac Center | $844,089 |
Los Angeles, CA PURPOSE: Breast Oncology Fellowship Fund | $203,000 |
Pasadena, CA PURPOSE: Healthy weight of children with disabilities, Hope moves forward capital campaign, Day at the races and blue and white, Diamond heist of the villa manor, Music & Speech Therapy. | $166,750 |
Pasadena, CA PURPOSE: Visual Artist in Residence Program at Norma Coombs Elementary School,Specialized Interventions at Madison Elementary School, Johnson Family Legacy Scholarships, Families in Transition, Angela Parris Rose City Scholarship, My Masterpieces, General Support | $166,650 |
West Nyack, NY PURPOSE: Hope Center | $150,000 |
Los Angeles, CA PURPOSE: Endowment, General Support | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Pasadena Community Foundation has recieved totaling $11,243,678.
| Awarding Organization | Amount |
|---|---|
The@bob And Margie Petersen Foundation Pasadena, CA PURPOSE: CHARITABLE PURPOSES | $10,500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $292,300 |
Nina Simone Charitable Tr Los Angeles, CA PURPOSE: MUSIC EDUCATION FOR CHILDREN IN SPECIFIC AFRICAN COUNTRIES | $138,688 |
Lluella Morey Murphey Foundation Pasadena, CA PURPOSE: PROGRAM SUPPORT | $60,000 |
Jean Perkins Foundation Los Angeles, CA PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $50,000 |
The Confidence Foundation South Pasadena, CA PURPOSE: SUPPORT FOR PCF SCHOLARS PROGRAM | $50,000 |
Endowment Analysis
| Beg. Balance | $81,548,992 |
| Earnings | $10,842,002 |
| Admin Expense | $113,081 |
| Net Contributions | $16,469,800 |
| Other Expense | $3,003,114 |
| Ending Balance | $105,744,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |