Saratoga Monte Sereno Community Foundation
- Assets
- $137.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 01/2005
- Data as of
- 12/2020
- EIN
- 61-1470862
Organization Overview
Saratoga Monte Sereno Community Foundation is located in Saratoga, CA. The organization was established in 2005. 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. Saratoga Monte Sereno 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 12/2020, Saratoga Monte Sereno Community Foundation generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (57.3%) each year. All expenses for the organization totaled $10.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
WORK CLOSELY WITH COMMUNITIES TO STRENGTHEN LOCAL FACILITIES, SERVICES AND EVENTS INCLUDING SCHOOLS, LIBRARIES, PARKS, PUBLIC SPACES AND SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrie Creamer President | 10 | $0 | |
Elizabeth Guy Secretary | 10 | $0 | |
Corinne Vita Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,552 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,552 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,336 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,037 |
| Total expenses | $10,873 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,665 |
| Other assets | $0 |
| Total assets | $137,665 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,665 |
Grants Awarded
Over the last fiscal year, Saratoga Monte Sereno Community Foundation has awarded $1,482,807 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND | | | $1,400,235 |
SAN JOSE MUSEUM OF ART | | | $10,000 |
SOCIAL GOOD FUND | | | $10,000 |
CITY OF SARATOGA | | | $54,572 |
THE STANDBY PROGRAM INC | | | $1,000 |
SAN FRANCISCO BALLET | | | $2,500 |