Civic Intelligence

Pasadena Community Foundation

990 • Fiscal year 2016 • EIN 20-0253310

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 26, 2018

301 E Colorado Blvd No 810Pasadena, CA 91101

(626) 796-2097

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.04x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.12x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

95th percentile

57%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$207,486

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

91st percentile

24%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

161%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$64,494,857

Flat from 2016

Net Assets

Flat

$62,208,753

Flat from 2016

Liabilities

Flat

$2,286,104

Flat from 2016

Revenue

Flat

$18,442,843

Flat from 2016

Expenses

Flat

$7,896,353

Flat from 2016

Net Income

Flat

$10,546,490

Flat from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $29,559,298Liabilities 2010: $744,034Net Assets 2010: $28,815,2642010Assets 2011: $29,036,937Liabilities 2011: $698,041Net Assets 2011: $28,338,8962011Assets 2012: $36,868,916Liabilities 2012: $1,210,399Net Assets 2012: $35,658,5172012Assets 2013: $45,450,358Liabilities 2013: $1,554,138Net Assets 2013: $43,896,2202013Assets 2014: $50,699,904Liabilities 2014: $1,658,576Net Assets 2014: $49,041,3282014Assets 2015: $51,919,059Liabilities 2015: $1,813,251Net Assets 2015: $50,105,8082015Assets 2016: $64,494,857Liabilities 2016: $2,286,104Net Assets 2016: $62,208,7532016Assets 2016: $64,494,857Liabilities 2016: $2,286,104Net Assets 2016: $62,208,7532016Assets 2017: $80,601,725Liabilities 2017: $3,666,715Net Assets 2017: $76,935,0102017Assets 2018: $77,888,541Liabilities 2018: $3,677,205Net Assets 2018: $74,211,3362018Assets 2019: $107,596,369Liabilities 2019: $4,751,424Net Assets 2019: $102,844,9452019Assets 2020: $129,729,011Liabilities 2020: $5,123,362Net Assets 2020: $124,605,6492020Assets 2021: $160,872,116Liabilities 2021: $7,307,065Net Assets 2021: $153,565,0512021Assets 2022: $134,904,615Liabilities 2022: $6,518,345Net Assets 2022: $128,386,2702022Assets 2023: $156,186,370Liabilities 2023: $7,653,637Net Assets 2023: $148,532,7332023Assets 2024: $187,499,474Liabilities 2024: $18,009,397Net Assets 2024: $169,490,0772024

Highlighted filing

2016

Assets$64,494,857
Liabilities$2,286,104
Net Assets$62,208,753

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $4,097,3042010Revenue 2011: $5,198,829Expenses 2011: $3,563,671Net Income 2011: $1,635,1582011Revenue 2012: $9,398,261Expenses 2012: $3,523,059Net Income 2012: $5,875,2022012Revenue 2013: $10,139,454Expenses 2013: $5,841,658Net Income 2013: $4,297,7962013Revenue 2014: $10,304,545Expenses 2014: $5,701,946Net Income 2014: $4,602,5992014Revenue 2015: $7,073,443Expenses 2015: $4,159,348Net Income 2015: $2,914,0952015Revenue 2016: $18,442,843Expenses 2016: $7,896,353Net Income 2016: $10,546,4902016Revenue 2016: $18,442,843Expenses 2016: $7,896,353Net Income 2016: $10,546,4902016Revenue 2017: $12,086,670Expenses 2017: $6,971,069Net Income 2017: $5,115,6012017Revenue 2018: $12,273,378Expenses 2018: $6,431,221Net Income 2018: $5,842,1572018Revenue 2019: $23,619,243Expenses 2019: $7,448,492Net Income 2019: $16,170,7512019Revenue 2020: $20,117,512Expenses 2020: $9,999,218Net Income 2020: $10,118,2942020Revenue 2021: $33,042,535Expenses 2021: $9,695,584Net Income 2021: $23,346,9512021Revenue 2022: $14,423,466Expenses 2022: $11,635,713Net Income 2022: $2,787,7532022Revenue 2023: $16,535,916Expenses 2023: $10,232,017Net Income 2023: $6,303,8992023Revenue 2024: $23,617,491Expenses 2024: $11,796,668Net Income 2024: $11,820,8232024

Highlighted filing

2016

Revenue$18,442,843
Expenses$7,896,353
Net Income$10,546,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 26, 2018
Return Version
2016v3.0
Gross Receipts
$30,935,499
Mission and Program Overview

Mission

Pasadena Community Foundation builds and preserves permanently endowed charitable funds, provides grants and assistance to nurture and strengthen community organizations, serves donors to meet their philanthropic goals and promotes and participates in community partnerships. These grants include PCF, Donor Advised and Field of Interest Grants.

Pasadena Community Foundation (PCF) strives to improve and enrich lives of people in the greater Pasadena area through: the establishment and management of charitable funds with an emphasis on permanently endowed funds that benefit the local community, providing grants and services to non-profits, working with donors and engaging in community partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$50,205,912$63,317,628▲ $13,111,716
Cash and Non-Interest-Bearing Accounts$164,687$685,265▲ $520,578
Savings and Temporary Cash Investments$1,471,346$483,579▼ $987,767
Prepaid Expenses and Deferred Charges$19,490$8,385▼ $11,105
Pledges and Grants Receivable$2,500--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$51,919,059$64,494,857▲ $12,575,798
Other Assets Total$55,124$0▼ $55,124
Liabilities
Other Liabilities$1,701,672$2,131,986▲ $430,314
Accounts Payable and Accrued Expenses$111,579$154,118▲ $42,539
Total Liabilities$1,813,251$2,286,104▲ $472,853
Net Assets / Fund Balance
Unrestricted Net Assets$33,764,448$32,586,205▼ $1,178,243
Permanently Rstr Net Assets$11,264,712$23,279,171▲ $12,014,459
Temporarily Rstr Net Assets$5,076,648$6,343,377▲ $1,266,729
Total Net Assets Fund Balance$50,105,808$62,208,753▲ $12,102,945
Total Liabilities and Net Assets / Fund Balance$51,919,059$64,494,857▲ $12,575,798

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$50,510$50,510

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$32,525,374$12,313,448▲ $2,707,119$1,189,706$46,318,045
2015$32,946,419$941,865▼ $283,120$1,051,669$32,525,374
2014$12,636,831$19,570,975▲ $1,736,451$966,352$32,946,419
2013$9,229,298$1,728,327▲ $1,690,508-$12,636,831
2012$5,313,832$3,382,239▲ $725,329-$9,229,298
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer DeVollExecutive DirectorFT$156,364$51,122$207,486
Mariver CopelandDirector of FinancePT$86,991$10,506$97,497

Board Members and Trustees

NameTitle
Judy GainChair
Fran ScobleVice Chair
Alex WeiBoard Member
Dave BeringerBoard Member
Eddie NewmanBoard Member
Les StockerBoard Member
Maggie SabbagBoard Member
Margaret MgrublianBoard Member
Michelle TysonBoard Member
Nick RodriguezBoard Member
Peter McAniffBoard Member
Phyllis GrandonBoard Member
Priscilla GambBoard Member
Sandra EllBoard Member
William BogaardBoard Member
Eddie NewmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$16,664,749
Program Service Revenue
$0
Investment Income
$1,692,013
Other Revenue
$86,081
All Other Contributions
$16,664,749
Change in Net Assets
$10,546,490

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded151$12,681,406Market Value
Total Noncash Contributions151$12,681,406-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,398,796
Revenue Not Reported on Financial Statements
$44,047
Revenue Not Reported on Form 990
$1,556,455
Total Revenue per Audited Statements
$19,955,251
Total Revenue per Form 990
$18,442,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,954,405
Salaries, Compensation, and Employee Benefits$617,702
Other Expenses$324,246
Total Fundraising Expense$298,297
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,924,405--$6,924,405
Current Officers, Directors, Trustees, and Key Employees$138,463$77,466$89,056$304,985
Other Salaries and Wages$110,830$61,863$72,142$244,835
Office Expenses$38,266$21,384$24,760$84,410
Occupancy$25,749$14,389$16,661$56,799
Advertising--$51,343$51,343
Fees for Service Investment Mgmnt Fees-$44,047-$44,047
Payroll Taxes$17,247$9,638$11,160$38,045
Grants to Domestic Individuals$30,000--$30,000
Fees for Services Other$2,016$14,399-$16,415
Other Employee Benefits$6,899$3,833$4,598$15,330
Other Expenses$2,983$8,950$2,983$14,916
Pension Plan Contributions$6,586$3,685$4,236$14,507
Fees for Services Accounting-$12,500-$12,500
Insurance$5,210$2,911$3,371$11,492
Conferences and Meetings$5,116$5,116-$10,232
Fees for Services Legal$4,105--$4,105
Total Functional Expenses$7,317,875$280,181$298,297$7,896,353

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,896,353
Expenses per Audited Statements$7,852,306
Total Expenses per Audited Statements$7,852,306
Expenses Not Reported on Financial Statements$44,047
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bank of America Charitable Gift FundBoston, MA501(c)3Closing fund and transferring to BofA DAF$2,576,721
Huntington Library & Botanical Gardens TheSan Marino, CA501(c)3General Support$562,400
Foundation for the CarolinasCharlotte, NC501(c)3Closing fund and granting to new community foundation$360,043
Huntington Memorial HospitalPasadena, CA501(c)3General Support$126,500
Polytechnic SchoolPasadena, CA501(c)3General Support$114,200
Southern California Public Radio - KPCCPasadena, CA-Brains On! And General Support$105,865
Pasadena Educational FoundationPasadena, CA501(c)32016 PCF Education Grant, Ceramics program at Cleveland Elementary, Wilson Marquee Project, McKinley Mural Restoration, and General Support$89,269
All Saints ChurchPasadena, CA501(c)3General Support$75,000
Full Disclosure MediaLos Angeles, CA501(c)3General Support$55,000
Foothill Family ServicePasadena, CA501(c)32016 PCF Capital Grant and General Support$52,100
Emily Griffith FoundationDenver, CO501(c)3101 Year Anniversary$50,000
Mount St Mary's UniversityLos Angeles, CA501(c)3Scholarships Support$50,000
Providence Little Company of Mary FoundationSan Pedro, CA501(c)3Emergency Department Remodel/Expansion$50,000
Westridge School for GirlsPasadena, CA-2016 PCF Education Grant, FBO Partnership for Success, Athletics, General Support, 2nd Century Campaign$46,886
Armory Center for the ArtsPasadena, CA501(c)32016 PCF Capital Grant and General Support$46,100
CaltechPasadena, CA501(c)3Summer Undergrad Research Fellowships (SURF), Rath Al Fresco Pavilion & Garden Project, Caltech Associates, General Support$44,750
Pasadena City College FoundationPasadena, CA501(c)32016 Pasadena Assistance Fund Grant and General Support$40,320
Planned Parenthood of Pasadena & SGVAltadena, CA501(c)32016 PCF Capital Grant and General Support$39,200
Boys & Girls Clubs of PasadenaPasadena, CA501(c)32016 PCF Capital Grant, 2016 Yes, Virginia Grant and General Support$38,000
USC Norris Comprehensive Cancer CenterLos Angeles, CA-Intestinal/Colorectal Cancer Research, Dr. W. Martin Kast Research Program, General Support$36,100
Foothill Unity CenterMonrovia, CA501(c)32016 PCF Senior Grant and 2016 Pasadena Assistance Fund Grant$35,000
Side Street ProjectsPasadena, CA-2016 PCF Capital Grant, Kinetic Sculpture Curriculum, and General Support$35,000
Stanford UniversityStanford, CA-General Support, President and Stanford Funds$35,000
Pasadena Senior CenterPasadena, CA501(c)32016 PCF Senior Grant, Zest, Concerts in the Park and Pasadena Senior Olympic Games$34,350
Focusing PhilanthropySanta Monica, CA501(c)32016 PCF Education Grant$31,000
A Noise WithinPasadena, CA501(c)3General Support$30,800
Young & HealthyPasadena, CA-General Support$30,800
Art Center College of DesignPasadena, CA501(c)3General Support$30,500
Harambee MinistriesPasadena, CA501(c)32016 PCF Capital Grant, 2016 Yes, Virginia Grant and General Support$29,200
HillsidesPasadena, CA501(c)32016 PCF Capital Grant and General Support$27,600
Five AcresAltadena, CA501(c)32016 PCF Capital Grant and General Support$27,500
Church Street Historic Foundation IncCharleston, SC501(c)3General Support$27,000
Gooden Center ThePasadena, CA501(c)32016 PCF Capital Grant, Bike Ride for Recovery and General Support$27,000
Mothers' Club Family Learning CenterPasadena, CA501(c)32016 PCF Capital Grant, 2016 Yes, Virginia Grant and General Support$26,613
Flintridge CenterPasadena, CA501(c)32016 PCF Capital Grant$26,000
La Casita FoundationPasadena, CA501(c)3General Support$25,400
Union Station Homeless ServicesPasadena, CA-General Support$25,350
San Gabriel Valley Habitat for HumanityAzusa, CA-2015 Capital Grant and General Support$25,200
AbilityFirstPasadena, CA501(c)32016 PCF Capital Grant$25,000
Marymount California UniversityRancho Palos Verdes, CA501(c)3Nick & Mary Vilicich Endowed Scholarship Fund$25,000
Zoroastrian Assoc of CaliforniaOrange, CA-Parking Lot Improvments$25,000
Hathaway-Sycamores Child and Family ServicesPasadena, CA501(c)32016 PCF Capital Grant$24,993
Pasadena Conservatory of MusicPasadena, CA501(c)3General Support$21,650
Friends of the Villa Parke Community CenterPasadena, CA501(c)3Closing fund and granting to new non-profit$21,379
Flintridge Sacred Heart AcademyLa Canada, CA501(c)3General Support$20,500
UC Berkeley FoundationBerkeley, CA-Cross Country / Track & Field, Economics Annual Fund and Center on Civility & Democratic Engagement$20,250
Partnership for SuccessPasadena, CA501(c)32016 PCF Education Grant$20,000
Texas Christian UniversityFort Worth, TX-Parker Family Foundation Endowed Scholarship$20,000
Crystal Cove AllianceNewport Coast, CA501(c)3General Support$19,000
Huntington Medical Research Institute (HMRI)Pasadena, CA501(c)32016 PCF Capital Grant and General Support$18,462
Children's Hospital Los AngelesLos Angeles, CA501(c)3General Support$18,200
Ronald McDonald House PasadenaPasadena, CA-2016 PCF Capital Grant and General Support$16,250
Lake Avenue Community FoundationPasadena, CA501(c)32016 PCF Education Grant and STARS Program$15,200
Nature Conservancy CaliforniaSan Francisco, CA501(c)3General Support$15,000
Public Works IncPasadena, CA501(c)3General Support$15,000
University of Virginia Darden SchoolCharlottesville, VA-General Support$15,000
Arroyos & Foothills ConservancyPasadena, CA501(c)3General Support$14,450
Doctors Without BordersNew York City, NY501(c)3General Support$14,000
National Day Laborer Organizing NetworkLos Angeles, CA501(c)32016 PCF Capital Grant$13,000
Pasadena Humane Society & SPCAPasadena, CA501(c)3General Support$12,950
Altadena Christian Children's CenterAltadena, CA501(c)32016 PCF Capital Grant and General Support$12,864
Las MadrinasLos Angeles, CA501(c)3General Support and CHLA Fund$12,600
Salvation Army Los AngelesLong Beach, CA-General Support$11,700
ECPAC - Friends In DeedPasadena, CA501(c)3Women's Room and General Support$11,600
Los Angeles OperaLos Angeles, CA501(c)3General Support$11,348
Pasadena VillagePasadena, CA501(c)32016 PCF Senior Grant and General Support$10,838
Hear CenterPasadena, CA501(c)32016 PCF Capital Grant and General Support$10,542
San Francisco Opera AssociationSan Francisco, CA-General Support$10,500
Tenth Church of Christ ScientistLos Angeles, CA-General Support$10,500
Church Divinity School of the PacificBerkely, CA501(c)3General Support$10,000
EarthjusticeSan Francisco, CA501(c)3General Support$10,000
Episcopal High SchoolAlexandria, VA501(c)3General Support$10,000
Hopeful HeartsCosta Mesa, CA501(c)3General Support$10,000
John Tracy ClinicLos Angeles, CA501(c)3General Support$10,000
Library Foundation of Los AngelesLos Angeles, CA501(c)3General Support$10,000
Orange Coast College FoundationCosta Mesa, CA501(c)3Planetarium$10,000
Pacific ClinicsArcadia, CA501(c)32016 PCF Senior Grant$10,000
Pancreatic Cancer Action Network IncManhattan Beach, CA501(c)3General Support$10,000
Pasadena Meals on WheelsPasadena, CA501(c)32016 PCF Senior Grant$10,000
Pasadena Police Activities LeaguePasadena, CA501(c)3General Support$10,000
St Anne'sLos Angeles, CA-General Support$10,000
St Edmunds Episcopal ChurchSan Marino, CA-General Support$10,000
Teton Regional Land TrustDriggs, ID-General Support$10,000
The Place of South PasadenaSouth Pasadena, CA-General Support$10,000
USC Thornton School of MusicLos Angeles, CA-General Support$10,000
La Canada Presbyterian ChurchLa Canada, CA501(c)3General Support$9,675
Convalescent Aid SocietyPasadena, CA501(c)3General Support$9,600
Pasadena Museum of California ArtPasadena, CA501(c)3General Support$9,500
South Pasadena High School - ASBSouth Pasadena, CA-Scholarship Support$9,333
Missionary Society of St PaulAthens, GA501(c)3General Support$9,000
Pasadena Museum of HistoryPasadena, CA501(c)3General Support$8,850
Los Angeles Chamber OrchestraLos Angeles, CA501(c)3General Support$8,500
Natural History Museum of LA CountyLos Angeles, CA501(c)3General Support$8,200
Amnesty International USA IncNew York, NY501(c)3General Support$8,100
La Salle High SchoolPasadena, CA501(c)3General Support$8,075
Episcopal Church of St JohnAptos, CA501(c)3General Support$8,000
Saint Matthews Anglican Catholic ChurchNewport Beach, CA-General Support$8,000
Sherman E Burroughs High SchoolRidgecrest, CA-Educational Equipment & Supplies and Scholarships$8,000
St Paul's United Methodist ChurchTarzana, CA-General Support$8,000
Pasadena Dance TheatrePasadena, CA501(c)32016 PCF Capital Grant$7,918
Journey House IncPasadena, CA501(c)32016 PCF Capital Grant and General Support$7,651
Descanso GardensLa Canada, CA501(c)3General Support$7,600
Berkeley Hall School FoundationLos Angeles, CA501(c)3General Support and Garden Maintenance$7,500
Rainforest AllianceNew York, NY501(c)3General Support$7,500
Villa EsperanzaPasadena, CA-General Support$7,100
Sun Valley Writers ConferenceKetchum, ID-General Support$7,000
Pasadena Art AlliancePasadena, CA501(c)3General Support$6,650
Icthus InternationalLake Forest, CA501(c)3General Support$6,400
Smith CollegeBoston, MA-General Support$6,200
NTC Scholarship FundPasadena, CA501(c)3Scholarships$6,153
Good Samaritan HospitalLos Angeles, CA501(c)3General Support and Campaign for Cardiology$6,000
Los Angeles Children's Chorus (LACC)Pasadena, CA501(c)3General Support$6,000
Pasadena Symphony AssociationPasadena, CA501(c)3General Support$5,850
Western Justice Center FoundationPasadena, CA-General Support$5,750
Americans for OxfordNew York, NY501(c)3Dept. of Continuing Education and Kellog College$5,500
Flintridge Preparatory SchoolLa Canada Flintridge, CA501(c)3General Support$5,500
Waldorf School on the Roaring ForkCarbondale, CO-General Support$5,400
Community PartnersLos Angeles, CA501(c)3STEAM:CODERS Fund, Saturday Conservatory Fund, Bike SGV$5,302
Williams CollegeWilliamstown, MA-Varndoe 1967 Professor Fund and 2015 Alumni Fund$5,200
Audubon CaliforniaSan Francisco, CA501(c)3Support for Starr Ranch, Debs Park Audobon Center and General Support$5,150
Alamo Breast Cancer FoundationSan Antonio, TX501(c)33 Stateside Scholarships$5,100
Adelante Youth AlliancePasadena, CA501(c)32016 PCF Education Grant$5,000
American Jewish UniversityLos Angeles, CA501(c)3General Support$5,000
Benton Falls Community ChurchBenton, ME501(c)3Steeple Fund$5,000
California Alumni AssociationBerkeley, CA501(c)3General Support$5,000
Celebrate Jesus of HaitiWright City, MO501(c)3Scholarship$5,000
Child Guidance CenterFullerton, CA501(c)3General Support$5,000
Community Foundation of Teton ValleyDriggs, ID501(c)3TinCup Challenge$5,000
Community Initiatives - JBFSan Francisco, CA501(c)3FBO John Burton Foundation$5,000
Dimalaluan Mariah EllenPasadena, CA501(c)32016 Fefferman Award$5,000
Dolores Mission SchoolLos Angeles, CA501(c)3General Support$5,000
Episcopal Diocese of El Camino RealSalinas, CA501(c)3General Support$5,000
Friends of the Teton RiverDriggs, ID501(c)3General Support$5,000
George R Moscone Center for Public ServiceSan Francisco, CA501(c)3General Support$5,000
Hearing School of the SouthwestCoppell, TX501(c)3General Support$5,000
Housing Trust of Silicon ValleySan Jose, CA501(c)3General Support$5,000
Jonsson Cancer Center UCLALos Angeles, CA501(c)3General Support$5,000
LA BioMedTorrance, CA501(c)3General Support$5,000
Loyola High SchoolLos Angeles, CA501(c)3Kairos Program and Baseball Team$5,000
Mayo Foundation TheRochester, MN501(c)3Paul Mueller, MD Research$5,000
Notes for EducationNapa, CA501(c)3General Support$5,000
Pasadena Arts Council - Wisdom Arts LaboratoryPasadena, CA501(c)3General Support$5,000
Rancho Los Alamitos FoundationLong Beach, CA-General Support$5,000
St Mary's College of CAMoraga, CA-General Support$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$2,131,986
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Governing Body Review of 990 Process: Audit Committee meets with outside auditor to go over the 990. Upon review, Audit Committee Chair presents any findings and leads discussions if any, and whole board approves 990 to be filed.

Form 990, Part VI, Section B, line 12C

PCF has board members update their conflict of interest paperwork yearly.

Form 990, Part VI, Section B, line 15

Determining Compensation of Executive Director and other key employees Process: The Council on Foundation does an annual survey of salaries for non-profits throughout the nation. PCF participates in the survey. The results are compiled by the Council and distributed to all participants. A separate salary survey is conducted by the League of California Foundations. PCF also participates in this survey. Once the results have been distributed, PCF staff compiles data and presents to the Finance Committee along with overall budgets and salary recommendations for the fiscal year. The Executive Committee reviews the salary for staff in Executive session of the Board meeting.

Form 990, Part VI, Section C, line 19

PCF provides its governing documents, conflict of interest policy, financial statements and Form 990 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pasadena Community Foundation
EIN
20-0253310
Phone
6267962097
Address
301 E Colorado Blvd No 810, Pasadena, CA 91101

Signing Officer

Name
Mariver Copeland
Title
Director of Finance
Phone
6267962097
Signed
2018-11-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer DeVoll
Formed
1953
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
6
Volunteers
3

Preparer

Firm
Harrington Group CPAs LLP
Address
234 East Colorado Blvd Suite M150, Pasadena, CA 91101
Preparer
Tonetta L Conner CPA
Phone
6264036801
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in value of split interest agreements -55,124.

Financial Statement Notes

Part V, Line 4:

Certain unrestricted net assets have been designated by the Board of Directors to be maintained as quasi endowment fund for granting purposes. Generally accepted accounting principles provide that when the governing body of an organization, such as a community foundation, has the unilateral power to redirect the use of donors' contributions to another beneficiary, such contributions must be classified as unrestricted net assets. The Board of Directors of the Foundation has such power (variance power). However, the Board of Directors would exercise this authority if the stated purpose of a contribution is no longer applicable and incapable of fulfillment. It is the expressed intention of the Foundation to honor the designations of the donors. For purposes of complying with net asset accounting, this fund is included in unrestricted net assets at December 31, 2015

Part X, Line 2:

The Foundation is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Foundation in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The Foundation returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.

Part XI, Line 2D - Other Adjustments:

Change in value of split-interest agreement -55,124.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$187$18.0$169$23.6$11.8$11.8
2023Summary only. Only limited summary data is available for this year.$156$7.65$149$16.5$10.2$6.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$6.52$128$14.4$11.6$2.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$7.31$154$33.0$9.70$23.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$130$5.12$125$20.1$10.00$10.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$4.75$103$23.6$7.45$16.2
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.9$3.68$74.2$12.3$6.43$5.84
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.6$3.67$76.9$12.1$6.97$5.12
2016Detailed filing. Detailed filing data is available for this year.$64.5$2.29$62.2$18.4$7.90$10.5
2016Summary only. Only limited summary data is available for this year.$64.5$2.29$62.2$18.4$7.90$10.5
2015Detailed filing. Detailed filing data is available for this year.$51.9$1.81$50.1$7.07$4.16$2.91
2014Detailed filing. Detailed filing data is available for this year.$50.7$1.66$49.0$10.3$5.70$4.60
2013Detailed filing. Detailed filing data is available for this year.$45.5$1.55$43.9$10.1$5.84$4.30
2012Summary only. Only limited summary data is available for this year.$36.9$1.21$35.7$9.40$3.52$5.88
2011Summary only. Only limited summary data is available for this year.$29.0$0.70$28.3$5.20$3.56$1.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$0.74$28.8$4.10