The Palo Alto Community Fund
- Assets
- $7.7m
- Revenue
- $2.4m
- Investments
- $7.2m
- Employees
- 2
- Location
- Palo Alto, CA
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 77-0483215
Organization Overview
The Palo Alto Community Fund is located in Palo Alto, CA. The organization was established in 1998. 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, Palo Alto Community Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palo Alto Community Fund 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, Palo Alto Community Fund generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 22.3% 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, Palo Alto Community Fund has awarded 587 individual grants totaling $9,193,329. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PALO ALTO COMMUNITY FUND FOCUSES ON THE UNIQUE NEEDS OF OUR COMMUNITY AND CHANNELS CHARITABLE GIVING OF LOCAL DONORS TO EFFECTIVE ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE FOR EVERYONE IN PALO ALTO, EAST PALO ALTO AND MENLO PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR ENDED JUNE 30, 2022, THE PALO ALTO COMMUNITY FUND (PACF) WAS PROUD TO BE ABLE TO SUPPORT 94 LOCAL COMMUNITY NONPROFIT ORGANIZATIONS WHICH ARE ADDRESSING A WIDE VARIETY OF CHALLENGES AND IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITY FOR FAMILIES AND INDIVIDUALS THROUGHOUT OUR SERVICE AREA. THREE OF THE KEY FOCUS AREAS PACF SUPPORTED AND SOME OF THE PROGRAMS SUPPORTED IN EACH FOCUS AREA THIS YEAR INCLUDED:SUPPORTING EDUCATIONAL SUCCESS THROUGHOUT OUR COMMUNITY BY ENABLING NONPROFITS WHICH PROVIDE:- COMMUNITY COLLEGE STUDENTS WITH SCHOLARSHIPS, MENTORING AND TUTORING FOR ADULT IMMIGRANTS- HIGH SCHOOL YOUTH WITH COLLEGE PREP, TUTORING, COUNSELING, MUSIC AND ARTS EDUCATION- MIDDLE SCHOOL YOUTH WITH COUNSELING, TUTORING AND MUSIC EDUCATION- ELEMENTARY SCHOOL CHILDREN WITH CHILDCARE, SCIENCE, ART AND MUSIC EDUCATION- TEACHERS WITH TOOLS FOR CLASSROOM INSTRUCTION AND A PATH TO EQUITABLE COMPENSATION ACROSS COMMUNITIESENHANCING COMMUNITY LIFE BY SUPPORTING NONPROFITS THAT PROVIDE:- SINGLE MOTHERS WITH FINANCIAL EDUCATION AND SUPPORT- CHILDREN AND ADULTS WITH PROFESSIONAL THEATER, LITERARY DISCUSSIONS AND ART EXPERIENCES- OUR COMMUNITY WITH ENVIRONMENTAL EDUCATION AND CLIMATE CHANGE MITIGATION STRATEGIES- FAMILIES, CHILDREN AND ADULTS WITH GRIEF COUNSELING AND SUPPORTUPLIFTING THE VULNERABLE IN OUR COMMUNITY BY ENABLING NONPROFITS TO PROVIDE:- CHILDREN AND FAMILIES WITH MENTAL HEALTH SUPPORT AND COUNSELING, ADVOCATES FOR FOSTER CHILDREN - UNHOUSED FAMILIES & INDIVIDUALS WITH SAFE SHELTER, SOCIAL SERVICES, FOOD, MOBILE HYGIENE AND A PATH TO PERMANENT HOUSING- SENIORS WITH TECHNOLOGY FOR CONNECTING WITH OTHERS, MEALS AND SOCIAL SERVICES- LOW-INCOME FAMILIES WITH RENT RELIEF, LEGAL SERVICES AND MEDICAL AND DENTAL CARE- ADULTS AND CHILDREN WITH DISABILITIES WITH JOB TRAINING, HOUSING ASSISTANCE AND ANIMAL THERAPY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Van Dusen Executive Director | 30 | $106,875 | |
Steve Emslie Secretary | OfficerTrustee | 10 | $0 |
Bruce Gee President | OfficerTrustee | 20 | $0 |
Sigrid Pinsky Vice President | OfficerTrustee | 10 | $0 |
Karen French Neuman CFO | OfficerTrustee | 20 | $0 |
Susan Fields Bailey Director | Trustee | 1 | $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 | $2,358,541 |
| Noncash contributions included in lines 1a–1f | $52,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,358,541 |
| Total Program Service Revenue | $0 |
| Investment income | $181,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$93,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,446,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,705,050 |
| 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. | $106,874 |
| Compensation of current officers, directors, key employees. | $32,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $876 |
| Payroll taxes | $12,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,597 |
| Advertising and promotion | $58,557 |
| Office expenses | $7,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $809 |
| All other expenses | $1,689 |
| Total functional expenses | $2,019,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,906 |
| 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 | $3,433 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,159,511 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,737,850 |
| Accounts payable and accrued expenses | $16,358 |
| 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 | $16,358 |
| Net assets without donor restrictions | $7,663,992 |
| Net assets with donor restrictions | $57,500 |
| 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 | $7,737,850 |
Grants Awarded
Over the last fiscal year, The Palo Alto Community Fund has awarded $1,605,000 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Menlo Park, CA PURPOSE: GENERAL OPERATING SUPPORT | $110,000 |
San Jose, CA PURPOSE: GENERAL OPERATING SUPPORT | $90,000 |
Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $90,000 |
Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $85,000 |
UNITED HOPE BUILDERS INC PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
East Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Palo Alto Community Fund has recieved totaling $831,964.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $580,630 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $141,405 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $78,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,929 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $8,204,196 |
| Earnings | -$3,896,514 |
| Admin Expense | $23,840 |
| Net Contributions | $2,972,960 |
| Other Expense | $97,291 |
| Ending Balance | $7,159,511 |
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 |