Marin Community Foundation
- Assets
- $755.2m
- Revenue
- $235.4m
- Investments
- $245.6m
- Employees
- 69
- Location
- Novato, CA
- Founding
- 01/1986
- Data as of
- 06/2020
- EIN
- 94-3007979
Organization Overview
Marin Community Foundation is located in Novato, 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 06/2020, Marin Community Foundation employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Marin Community Foundation generated $235.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $132.9m during the year ending 06/2020. While expenses have increased by 22.1% per year over the past 5 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, Marin Community Foundation has awarded 4,339 individual grants totaling $329,632,530. 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
CHARITABLE GRANT MAKING TO NONPROFITS IN MARIN COUNTY, THE BAY AREA AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2020, MARIN COMMUNITY FOUNDATION (MCF) GRANTED OVER $114 MILLION FROM ITS FAMILY AND COMMUNITY FUNDS TO NONPROFITS IN MARIN COUNTY, ELSEWHERE IN THE U.S., AND AROUND THE WORLD. THESE GRANTS SUPPORTED A WIDE RANGE OF COMMUNITY NEEDS, INCLUDING SOCIAL SERVICES, EDUCATIONAL PROGRAMS, THE ARTS AND ENVIRONMENTAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Peters President & CEO | Officer | 50 | $611,987 |
S A Hartman Cfo/coo | Officer | 50 | $351,386 |
Alexandra Derby Vp, Philanthropy | 40 | $215,798 | |
Johnathan Logan VP Community Engagement | 40 | $213,403 | |
Vikki Garrod Chief Communications | 40 | $212,671 | |
Laura Goff VP Of It | 40 | $211,077 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vrp Consulting It Support | 6/29/20 | $1,121,644 |
Pricewaterhousecoopers Llp Audit Services | 6/29/20 | $335,782 |
Good Dog Design It Support | 6/29/20 | $234,470 |
Collaborative Consulting Consulting Services | 6/29/20 | $230,000 |
Mike Brown Electric Co Office Maintenance & Service | 6/29/20 | $185,486 |
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 | $225,146,452 |
| Noncash contributions included in lines 1a–1f | $128,328,846 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,146,452 |
| Total Program Service Revenue | $10,777,778 |
| Investment income | $7,589,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,146,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,366,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,700,152 |
| Grants and other assistance to domestic individuals. | $77,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,651,603 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,226,537 |
| Compensation of current officers, directors, key employees. | $625,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,175,302 |
| Pension plan accruals and contributions | $720,475 |
| Other employee benefits | $1,228,976 |
| Payroll taxes | $501,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,501 |
| Fees for services: Accounting | $377,966 |
| Fees for services: Lobbying | $136,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,301,040 |
| Fees for services: Other | $1,370,679 |
| Advertising and promotion | $279,524 |
| Office expenses | $161,331 |
| Information technology | $532,623 |
| Royalties | $0 |
| Occupancy | $1,586,215 |
| Travel | $75,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,030,527 |
| Insurance | $79,836 |
| All other expenses | $0 |
| Total functional expenses | $132,913,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,503,329 |
| 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 | $6,480,051 |
| Net Land, buildings, and equipment | $3,583,459 |
| Investments—publicly traded securities | $432,820,250 |
| Investments—other securities | $245,553,433 |
| Investments—program-related | $13,114,484 |
| Intangible assets | $0 |
| Other assets | $30,156,402 |
| Total assets | $755,211,408 |
| Accounts payable and accrued expenses | $1,861,922 |
| Grants payable | $10,497,293 |
| Deferred revenue | $48,768 |
| 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 | $71,347,831 |
| Total liabilities | $83,755,814 |
| Net assets without donor restrictions | $671,455,594 |
| 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 | $755,211,408 |
Grants Awarded
Over the last fiscal year, Marin Community Foundation has awarded $97,896,855 in support to 987 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: ENDOWMENT- CALIFORNIA JAZZ CONSERVATORY | $2,855,000 |
San Rafael, CA PURPOSE: PROVIDE EDUCATIONAL SCHOLARSHIP SUPPORT | $2,557,750 |
San Francisco, CA PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $2,322,166 |
Raleigh, NC PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $2,000,000 |
Washington, DC PURPOSE: SUPPORT THE FRITZ FAMILY FELLOWS FUND | $1,901,000 |
San Francisco, CA PURPOSE: GENERAL OPERATING AND COVID-19 EFFORTS | $1,684,250 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Marin Community Foundation has recieved totaling $956,091.
| Awarding Organization | Amount |
|---|---|
Ramp Foundation Woodside, CA PURPOSE: GENERAL SUPPORT | $700,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $212,696 |
Milagro Foundation San Rafael, CA PURPOSE: Community Promotion and Development | $25,750 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $6,145 |
Harrison Foundation Dayton, OH PURPOSE: COVID-19 FUND | $5,000 |
M R Finley Family Foundation San Anselmo, CA PURPOSE: EDUCATIONAL ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
Oregon Community Foundation Portland, OR | $2,274,086,320 | $232,236,926 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
Orange County Community Foundation Newport Beach, CA | $365,423,567 | $141,757,091 |
The San Diego Foundation San Diego, CA | $1,065,212,876 | $147,340,158 |
East Bay Community Foundation Oakland, CA | $594,786,047 | $456,879,431 |
Arizona Community Foundation Phoenix, AZ | $711,496,623 | $106,808,500 |
Hawaii Community Foundation Honolulu, HI | $698,916,314 | $96,096,508 |
Mayors Fund For Los Angeles Los Angeles, CA | $19,032,406 | $59,026,330 |
Santa Barbara Foundation Santa Barbara, CA | $392,665,597 | $29,668,906 |
North Valley Community Foundation Chico, CA | $73,552,900 | $23,908,330 |
Community Foundation For Monterey County Monterey, CA | $291,001,254 | $36,184,059 |