Central Valley Community Foundation
- Assets
- $103.0m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Fresno, CA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 77-0478025
Organization Overview
Central Valley Community Foundation is located in Fresno, CA. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Central Valley Community Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Valley 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 12/2022, Central Valley Community Foundation generated $26.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $14.7m during the year ending 12/2022. While expenses have increased by 2.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE CONNECT CAPITAL AND COMMUNITIES FOR A JUST AND THRIVING CENTRAL VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR VARIOUS COMMUNITY SERVICES, INCLUDING EDUCATION, HEALTH, CULTURAL AND ENVIRONMENTAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Swearengin President & CEO | Officer | 40 | $303,517 |
Elliott Balch Chief Impact Of | Officer | 40 | $153,271 |
Kerri Horn CFO | Officer | 40 | $153,303 |
Christina Patch Dir Collective Imp | 40 | $129,156 | |
Karen Aceves Dir Regional Ptnrs | 40 | $122,854 | |
Heather Brown COO | Officer | 40 | $117,347 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresno Business Council Upskilling Initiative | 12/30/22 | $500,000 |
Mckinsey & Co Professional Fees | 12/30/22 | $350,000 |
Economic Development Second Office Initiative | 12/30/22 | $277,232 |
Arc Properties Inc Facilities Rent | 12/30/22 | $287,659 |
Sankofa Consulting Llc Drive Initiative | 12/30/22 | $275,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,013,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,953,319 |
| Noncash contributions included in lines 1a–1f | $114,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,966,444 |
| Total Program Service Revenue | $1,162,228 |
| Investment income | $3,306,787 |
| 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 | $26,435,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,124,375 |
| Grants and other assistance to domestic individuals. | $484,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $93,735 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $745,484 |
| Compensation of current officers, directors, key employees. | $381,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,544,413 |
| Pension plan accruals and contributions | $62,934 |
| Other employee benefits | $139,897 |
| Payroll taxes | $166,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,145 |
| Fees for services: Accounting | $34,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $333,614 |
| Fees for services: Other | $126,004 |
| Advertising and promotion | $175,272 |
| Office expenses | $126,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $452,485 |
| Travel | $87,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,881 |
| Interest | $59 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,143 |
| Insurance | $61,494 |
| All other expenses | $200,230 |
| Total functional expenses | $14,694,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,398,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,406,537 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $148,892 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $497,335 |
| Net Land, buildings, and equipment | $494,052 |
| Investments—publicly traded securities | $75,378,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $678,348 |
| Total assets | $103,002,153 |
| Accounts payable and accrued expenses | $7,638,981 |
| Grants payable | $735,530 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,499,948 |
| 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 | $11,568,113 |
| Total liabilities | $22,442,572 |
| Net assets without donor restrictions | $34,733,886 |
| Net assets with donor restrictions | $45,825,695 |
| 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 | $103,002,153 |