Loma Prieta Community Foundation
- Assets
- $344.7k
- Revenue
- $228.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Los Gatos, CA
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 77-0001115
Organization Overview
Loma Prieta Community Foundation is located in Los Gatos, CA. The organization was established in 1986. 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, Loma Prieta Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loma Prieta 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, Loma Prieta Community Foundation generated $228.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $191.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BETTERMENT OF THE COMMUNITY THROUGH EDUCATION, CULTURAL, SOCIAL, ATHLETIC OR OTHER PROGRAMS OFFERED TO THE RESIDENTS OF THE MOUNTAIN COMMUNITY, WHICH ROUGHLY CORRESPONDS TO THE BOUNDARIES OF THE LOMA PRIETA JOINT UNION SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LPCF OPERATES THE BUILDING BLOCKS PARENT CO-OP PRESCHOOL. THIS PROVIDES A SUPPORTIVE ENVIRONMENT FOR OUR MOUNTAIN TODDLERS AND THEIR PARENTS. 45 KIDS WERE ENROLLED THIS YEAR.
THE ORGANIZATION SUPPORTS VARIOUS PROJECTS THAT HELP AND IMPROVE THE LOMA PRIETA COMMUNITY. THIS INCLUDES IMPROVEMENTS TO THE FACILITIES, PLAYGROUNDS AND ATHLETIC FIELDS THAT ARE USED BY BOTH THE SCHOOLS AND COMMUNITY MEMBERS. IT ASSISTS LOCAL EMERGENCY PREPAREDNESS AND RESPONSE EFFORTS BY PROVIDING SUPPLIES AND EQUIPMENT. THE ORGANIZATION WORKS WITH THE LOS GATOS-SARATOGA RECREATION AND COMMUNITY EDUCATION DEPARTMENT TO SEE THAT RECREATION PROGRAMS ARE PROVIDED TO THE MOUNTAIN COMMUNITY WHICH THIS YEAR SERVED MORE THAN 400 PARTICIPANTS. THE FOUNDATION ALSO ENCOURAGES COMMUNITY PARTICIPATION IN FUNDRAISING AND COMMUNITY DEVELOPMENT. THE FOUNDATION SPONSORED THE MOUNTAIN RESIDENTS' NIGHT OUT, WHICH BROUGHT OVER 300 COMMUNITY MEMBERS TOGETHER WITH REPRESENTATIVES OF VARIOUS PUBLIC SAFETY AGENCIES.
THEATRE IN THE MOUNTAINS PROVIDES A PLACE FOR THE COMMUNITY TO ENJOY PLAYS AND THEATER EVENTS IN THE LOMA PRIETA COMMUNITY CENTER. THE THEATER PROGRAM IS EXTENDED TO STUDENTS IN THE SCHOOL DISTRICT. THIS YEAR THERE WERE THREE SCHOOL BASED PRODUCTIONS ALONG WITH A SUMMER ADULT PROGRAM AND A CHILDREN'S THEATER CAMP. 130 KIDS PARTICIPATED ALONG WITH ABOUT 280 PARENT AND OTHER VOLUNTEERS. THIS YEAR'S AUDIENCE TOTALED 2200.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Arnold Secretary | OfficerTrustee | 6 | $0 |
Jeff Hanselman Vice President | OfficerTrustee | 6 | $0 |
Angela Keller Treasurer | OfficerTrustee | 10 | $0 |
Sanjay Khandelwal President | OfficerTrustee | 6 | $0 |
Adelia Barber Director | Trustee | 2 | $0 |
Julie Bourque Director | Trustee | 2 | $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 | $36,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,912 |
| Total Program Service Revenue | $188,983 |
| Investment income | $2,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,365 |
| 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 | $106,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,265 |
| All other expenses | $13,317 |
| Total functional expenses | $191,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,235 |
| Savings and temporary cash investments | $0 |
| 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 | $91,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,695 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $344,695 |
| 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 | $344,695 |
Grants Awarded
Over the last fiscal year, Loma Prieta Community Foundation has awarded $17,562 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOS GATOS-SARATOGA REC DEPT | | | $10,405 |
OTHER LOCAL ORGANIZATIONS | | | $7,157 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Loma Prieta Community Foundation has recieved totaling $25,315.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,152 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |