The James B Mcclatchy Foundation
- Assets
- $57.5m
- Revenue
- $3.4m
- Investments
- $1.0m
- Employees
- 10
- Location
- Sacramento, CA
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 68-0283878
Organization Overview
The James B Mcclatchy Foundation is located in Sacramento, CA. The organization was established in 1993. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, James B Mcclatchy Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James B Mcclatchy 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 06/2021, James B Mcclatchy Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James B Mcclatchy Foundation has awarded 103 individual grants totaling $9,207,655. 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
WE STAND WITH THE PEOPLE OF THE CENTRAL VALLEY BY INVESTING IN EDUCATION AND ACTIVE CIVIC PARTICIPATION IN OUR DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S GRANTMAKING IN THIS PAST YEAR HAS INTENTIONALLY ACTIVATED AND IS CENTERED ON MEETING IMMEDIATE AND EMERGING NEEDS OF ENGLISH LEARNERS AND THE FIRST AMENDMENT IN THE CENTRAL VALLEY. THE PANDEMIC HAS ALSO RESULTED IN ADDITIONAL NEEDS AND CONSIDERATIONS, WHICH NECESSITATED ADDITIONAL GRANTMAKING DOLLARS. THE FOUNDATION PLANS TO CONTINUE ACCELERATING ITS GRANTMAKING SPENDING AS THE FOUNDATION IS PLANNING TO SUNSET IN THE NEAR FUTURE AND IS DEVELOPING A STRATEGIC PLAN TO SUPPORT THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Enriquez CEO | Officer | 40 | $183,600 |
Annette Leifer Associate Director | 40 | $156,695 | |
Maggie Carrillo Mejia Secretary | OfficerTrustee | 1 | $4,000 |
Jason Bell Treasurer | OfficerTrustee | 1 | $4,000 |
Alex Brown Chairman | OfficerTrustee | 2.5 | $4,000 |
Joaquin Alvarado Director | Trustee | 1 | $4,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,093,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,350,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,443,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,032,395 |
| 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. | $369,295 |
| Compensation of current officers, directors, key employees. | $92,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,548 |
| Pension plan accruals and contributions | $23,148 |
| Other employee benefits | $0 |
| Payroll taxes | $46,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,394 |
| Fees for services: Accounting | $30,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $438,682 |
| Advertising and promotion | $4,041 |
| Office expenses | $0 |
| Information technology | $15,767 |
| Royalties | $0 |
| Occupancy | $52,158 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,195 |
| Insurance | $10,964 |
| All other expenses | $1,686 |
| Total functional expenses | $5,463,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,557,329 |
| 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 | $13,168 |
| Net Land, buildings, and equipment | $46,520 |
| Investments—publicly traded securities | $51,874,775 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,491,792 |
| Accounts payable and accrued expenses | $65,978 |
| Grants payable | $33,500 |
| 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 | $99,478 |
| Net assets without donor restrictions | $53,554,110 |
| Net assets with donor restrictions | $3,838,204 |
| 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 | $57,491,792 |
Grants Awarded
Over the last fiscal year, The James B Mcclatchy Foundation has awarded $2,909,978 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CUTLER-OROSI JOINT UNIFIED PURPOSE: PreK and ELL Programs | $592,000 |
GALT JOINT UNION ELEM SCHOOL PURPOSE: PreK and ELL Programs | $483,331 |
FIREBAUGH-LAS DELTAS UNIFIED PURPOSE: PreK and ELL Programs | $408,832 |
ROBLA SCHOOL DISTRICT PURPOSE: PreK and ELL Programs | $376,526 |
Sacramento, CA PURPOSE: Improving quality of life. | $176,000 |
Fresno, CA PURPOSE: Improve Quality of Life | $175,000 |
Endowment Analysis
| Beg. Balance | $3,378,204 |
| Earnings | $973,727 |
| Admin Expense | $8,727 |
| Grants | $505,000 |
| Ending Balance | $3,838,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |