Sacramento Region Community Foundation
- Assets
- $172.8m
- Revenue
- $24.6m
- Investments
- $1.8m
- Employees
- 18
- Location
- Sacramento, CA
- Founding
- 12/1983
- Data as of
- 12/2020
- EIN
- 94-2891517
Organization Overview
Sacramento Region Community Foundation is located in Sacramento, CA. The organization was established in 1983. 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 12/2021, Sacramento Region Community Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Region 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, Sacramento Region Community Foundation generated $24.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $23.6m during the year ending 12/2020. While expenses have increased by 8.3% per year over the past 6 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 2014, Sacramento Region Community Foundation has awarded 2,349 individual grants totaling $63,185,359. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SACRAMENTO REGION COMMUNITY FOUNDATION LEADS, SERVES, AND INSPIRES ENDURING PHILANTHROPY FOR A JUST AND VIBRANT SACRAMENTO REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDING PHILANTHROPY AND THE SOCIAL ECONOMY: THIS STRATEGIC INITIATIVE LEADS TO A MORE GENEROUS REGION BY PROMOTING INDIVIDUAL PHILANTHROPY THROUGH SUCH ACTIVITIES AS BIG DAY OF GIVING AND GIVINGEDGE, CREATING STRONGER NONPROFITS THROUGH LEADERSHIP DEVELOPMENT, DONOR STEWARDSHIP AND FUNDRAISING, AND ADVANCING COLLABORATION AMONG NONPROFIT ORGANIZATIONS. FOR EXAMPLE, BIG DAY OF GIVING, THE ANNUAL GIVING DAY THAT HAS GENERATED MORE THAN $75 MILLION FROM GENEROUS DONORS FOR HUNDREDS OF LOCAL NONPROFITS SINCE ITS INCEPTION IN 2013, IS A YEARLONG, COMMUNITYWIDE MOVEMENT TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN THE CAPITAL REGION. (CONTINUED AT SCHEDULE O.)
DONOR ADVISED AND UNRESTRICTED GRANTMAKING: SINCE THE SACRAMENTO REGION COMMUNITY FOUNDATION WAS FOUNDED IN 1983 BY LOCAL LEADERS, WE HAVE BEEN A PRIMARY PROVIDER OF PHILANTHROPIC SERVICES. LIKE OTHER PLACE-BASED COMMUNITY FOUNDATIONS ACROSS THE UNITED STATES AND AROUND THE WORLD, THE FOUNDATION PROMOTES PHILANTHROPY THAT IS VISIONARY, STRATEGIC, AND INCLUSIVE, MAKING IT A CATALYST FOR TRANSFORMING THE REGION. THE FOUNDATION MANAGES HUNDREDS OF CHARITABLE FUNDS FOR LOCAL FAMILIES, BUSINESSES, AND NONPROFITS. THANKS TO THE GENEROSITY OF ITS DONORS WHO ARE PIVOTAL PARTNERS IN ITS WORK TO TRANSFORM AND ENRICH CALIFORNIA'S CAPITAL REGION, THE FOUNDATION ANNUAL GRANT AWARDS TO NONPROFIT ORGANIZATIONS FROM ITS CHARITABLE FUNDS HAVE GROWN FROM OVER $272,000 IN 1983 TO MORE THAN $18 MILLION IN 2021. (CONTINUED AT SCHEDULE O.)
PREPARING STUDENTS TO SUCCEED IN THE NEW ECONOMY: THROUGH OUR EDUCATION INITIATIVE, WE ARE EXPANDING EQUITABLE ACCESS TO HIGHER EDUCATION THROUGH PROGRAMS SUCH AS THE CAPITAL AREA PROMISE (CAP) SCHOLARS PROGRAM. WE PARTNER WITH NONPROFITS TO HELP PREPARE YOUTH IN HIGH-NEED AREAS FOR COLLEGE WITH GRANT STRATEGIC NEED-BASED SCHOLARSHIPS, AND IMPROVE ACCESS TO FEDERAL AND STATE FINANCIAL AID. WE ARE ALSO HELPING LOCAL EDUCATIONAL INSTITUTIONS ADAPT THEIR POLICIES AND PRACTICES TO MORE EFFECTIVELY SERVE LOCAL STUDENTS. (CONTINUED AT SCHEDULE O.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Beech Cutler CEO | Officer | 40 | $207,479 |
Kerry Wood Chief Marketing | 40 | $153,856 | |
James Mccallum CFO | Officer | 40 | $147,892 |
Edward Harris Dir. Of Finance | 40 | $115,327 | |
Cassandra Walker Pye Secretary | OfficerTrustee | 0.8 | $0 |
Kate Stille Board Chair | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc Investment Management | 12/30/21 | $145,029 |
Halstead Limited Partnership Rent | 12/30/21 | $156,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,799,582 |
| Investment income | $1,114,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,176,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,599,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $494,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $437,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $985,103 |
| Pension plan accruals and contributions | $71,071 |
| Other employee benefits | $85,757 |
| Payroll taxes | $105,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,100 |
| Fees for services: Accounting | $85,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,072,369 |
| Fees for services: Other | $567,818 |
| Advertising and promotion | $176,316 |
| Office expenses | $71,113 |
| Information technology | $116,697 |
| Royalties | $0 |
| Occupancy | $137,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,512 |
| Insurance | $17,765 |
| All other expenses | $0 |
| Total functional expenses | $23,598,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,550,108 |
| Savings and temporary cash investments | $583,657 |
| Pledges and grants receivable | $17,107 |
| Accounts receivable, net | $5,615,890 |
| 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 | $74,355 |
| Investments—publicly traded securities | $155,775,970 |
| Investments—other securities | $1,826,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,268,980 |
| Total assets | $172,758,711 |
| Accounts payable and accrued expenses | $195,129 |
| Grants payable | $669,603 |
| Deferred revenue | $541,200 |
| 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 | $267,096 |
| Other liabilities | $8,938,314 |
| Total liabilities | $10,611,342 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $162,147,369 |
Grants Awarded
Over the last fiscal year, Sacramento Region Community Foundation has awarded $17,381,780 in support to 544 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: UNRESTRICTED AND MAY BE USED FOR OVERHEAD | $613,514 |
ASIAN PACIFIC ISLANDER AMERICAN PUBLIC AFFAIRS COMMUNITY EDUCATION FOUNDATI Org PageRecipient ProfileSacramento, CA PURPOSE: DUAL IMMERSION CHINESE SCHOOL IN MEMORY OF JOHN K. WONG | $500,500 |
Minneapolis, MN PURPOSE: 2020 VAN R. JOHNSON SUTTER SCHOLARS PROGRAM SCHOLARSHIP AWARDS | $470,000 |
Sacramento, CA PURPOSE: UNRESTRICTED FOR SACRAMENTO PHILHARMONIC & OPERA | $389,590 |
SACRAMENTO COUNTY OFFICE OF EDUCATION PURPOSE: ADMINISTRATION OF THE CAPITAL AREA PROMISE SCHOLARS PROGRAM TO DISTRIBUTE UP TO 62 NEW AND UP TO 93 RENEWAL NEEDS-BASED SCHOLARSHIPS FOR THE 2020-2021 ACADEMIC SCHOOL YEAR, AND STUDENT OUTREACH FOR THE CAPS PROGRAM | $345,022 |
Nashville, TN PURPOSE: 2020-2021 SCHOLARSHIPS AND 2017-2019 RENEWALS | $334,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sacramento Region Community Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
League Of California Community Foundations Sonora, CA PURPOSE: DISASTER RELIEF RECOVERY AND RESILIENCE | $100,000 |
Endowment Analysis
| Beg. Balance | $125,051,972 |
| Earnings | $20,755,238 |
| Admin Expense | $3,189,173 |
| Net Contributions | $5,122,827 |
| Other Expense | $2,283 |
| Grants | $3,401,077 |
| Ending Balance | $144,337,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |