Civic Intelligence

The West Marin Fund

990 • Fiscal year 2019 • EIN 27-4102086

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

P O Box 1496Pt Reyes Station, CA 94956

(415) 663-9733

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$111,927

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

84%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,721,049

Up $1,582,949 (+139%) from 2017

Net Assets

Up

$2,715,963

Up $1,577,863 (+139%) from 2017

Liabilities

Up

$5,086

Up $5,086 from 2017

Revenue

Up

$2,171,706

Up $1,532,639 (+240%) from 2017

Expenses

Up

$1,062,674

Up $560,037 (+111%) from 2017

Net Income

Up

$1,109,032

Up $972,602 (+713%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $240,363Liabilities 2012: $0Net Assets 2012: $240,3632012Assets 2015: $657,908Liabilities 2015: $0Net Assets 2015: $657,9082015Assets 2016: $902,105Liabilities 2016: $0Net Assets 2016: $902,1052016Assets 2017: $1,138,100Liabilities 2017: $0Net Assets 2017: $1,138,1002017Assets 2019: $2,721,049Liabilities 2019: $5,086Net Assets 2019: $2,715,9632019Assets 2020: $3,956,411Liabilities 2020: $252,672Net Assets 2020: $3,703,7392020Assets 2022: $4,157,531Liabilities 2022: $90,268Net Assets 2022: $4,067,2632022Assets 2024: $5,990,748Liabilities 2024: $436,939Net Assets 2024: $5,553,8092024

Highlighted filing

2019

Assets$2,721,049
Liabilities$5,086
Net Assets$2,715,963

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2012: $28,5092012Revenue 2015: $366,198Expenses 2015: $207,741Net Income 2015: $158,4572015Revenue 2016: $469,553Expenses 2016: $223,292Net Income 2016: $246,2612016Revenue 2017: $639,067Expenses 2017: $502,637Net Income 2017: $136,4302017Revenue 2019: $2,171,706Expenses 2019: $1,062,674Net Income 2019: $1,109,0322019Revenue 2020: $2,528,005Expenses 2020: $1,706,836Net Income 2020: $821,1692020Revenue 2022: $1,983,592Expenses 2022: $1,756,378Net Income 2022: $227,2142022Revenue 2024: $3,179,360Expenses 2024: $2,743,794Net Income 2024: $435,5662024

Highlighted filing

2019

Revenue$2,171,706
Expenses$1,062,674
Net Income$1,109,032
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.1
Gross Receipts
$2,232,415
Mission and Program Overview

Mission

West marin fund is a community foundation that inspires giving and mobilizes resources to enhance the long-term wellbeing and quality of life for all in coastal west marin.

To maintain and enhance the cultural, health, educational, social and civic resources of west marin, a california community, through support of other nonprofit organizations and to provide philanthropic leadership to help create and promote efforts among citizens to maintain and improve the quality of life in that community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$503,988$502,987▼ $1,001
Cash and Non-Interest-Bearing Accounts$716$99,631▲ $98,915
Savings and Temporary Cash Investments$5,549$11,089▲ $5,540
Prepaid Expenses and Deferred Charges$1,814$1,814→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,540,568$2,721,049▲ $1,180,481
Other Assets Total$1,028,501$2,105,528▲ $1,077,027
Liabilities
Accounts Payable and Accrued Expenses$6,672$5,086▼ $1,586
Total Liabilities$6,672$5,086▼ $1,586
Net Assets / Fund Balance
Temporarily Rstr Net Assets$609,753$1,497,636▲ $887,883
Unrestricted Net Assets$924,143$1,218,327▲ $294,184
Total Net Assets Fund Balance$1,533,896$2,715,963▲ $1,182,067
Total Liabilities and Net Assets / Fund Balance$1,540,568$2,721,049▲ $1,180,481

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,105,528--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$61,360$5,800--$67,160
2017-$61,360--$61,360
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah HobsonExecutive DirectorFT$111,927$111,927

Board Members and Trustees

NameTitle
Harriet MossPresident
Ann ShulmanVice Chair
Gary IrelandDirector
Jeff LoomansDirector
John CasaudoumecqDirector
Marcia BarinagaDirector
Mary RoccaDirector
Michael MeryDirector
Susan ByrdDirector
Lazuli WhittSecretary
Cindy OhamaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,128,555
Program Service Revenue
$0
Investment Income
$42,151
Other Revenue
$1,000
All Other Contributions
$2,128,555
Change in Net Assets
$1,109,032

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 Traded7$60,789Fair Market Value (FMV)
Total Noncash Contributions7$60,789-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,170,046
Revenue Not Reported on Financial Statements
$1,660
Revenue Not Reported on Form 990
$73,035
Total Revenue per Audited Statements
$2,243,081
Total Revenue per Form 990
$2,171,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$711,822
Salaries, Compensation, and Employee Benefits$217,364
Other Expenses$133,488
Total Fundraising Expense$48,044
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$711,822--$711,822
Current Officers, Directors, Trustees, and Key Employees$67,156$16,789$27,982$111,927
Other Salaries and Wages$68,228$9,194$1,532$78,954
Fees for Services Other$21,071$8,824$10,356$40,251
Fees for Services Accounting-$16,399-$16,399
Payroll Taxes$11,245$2,158$2,451$15,854
Other Employee Benefits$7,640$1,168$1,821$10,629
Occupancy$6,886$2,037$776$9,699
Fees for Services Legal-$5,861-$5,861
Other Expenses$1,500$1,580$3,073$3,080
Insurance-$2,983-$2,983
Travel$458$2,048-$2,506
All Other Expenses$473$140$53$666
Total Functional Expenses$926,518$88,112$48,044$1,062,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,062,674
Expenses per Audited Statements$1,061,014
Total Expenses per Audited Statements$1,061,014
Expenses Not Reported on Financial Statements$1,660
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
10000 DegreesSan Rafael, CA-Donation$181,500
PrnsaPoint Reyes Sta, CA-Donation$68,950
Marin Agricultural Land TrustPoint Reyes Sta, CA-Donation$50,500
West Marin Community ServicesPoint Reyes St, CA-Donation$44,926
Extra FoodorgSan Rafael, CA-Donation$30,000
Inverness Garden ClubInverness, CA-Donation$30,000
Friends Without a BorderNew York, NY-Donation$25,000
Pacific InstituteOakland, CA-Donation$25,000
Santa Clara UniversitySanta Clara, CA-Donation$20,000
CommonwealBolinas, CA-Donation$17,500
Bolinas Community CenterBolinas, CA-Donation$16,940
Comty Lnd Trust Assoc W MarinPoint Reyes Sta, CA-Donation$15,500
Gallery Route OnePoint Reyes Sta, CA-Donation$15,000
Parent Services ProjectSan Rafael, CA-Donation$15,000
San Geronimo Valley Comm CtrSan Geronimo, CA-Donation$14,500
Bolinas MuseumBolinas, CA-Donation$13,300
Bolinas Community Land TrustBolinas, CA-Donation$13,000
West Marin Senior ServicesPoint Reyes Sta, CA-Donation$13,000
Papermill Creek Childrens CoPt Reyes Sta, CA-Donation$9,500
Coastal Health AlliancePoint Reyes, CA-Donation$6,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Line 4: Description of Significant Changes to Organizational Documents

The organization adopted a financial policy designed to ensure accurate and complete financial data is provided for internal and external use by the executive director and board of directors. See attached.the organization adopted an investment policy that describes a commitment to exercising ethical management of its operating funds in the course of seeking to generate a competitive level of returns.see attached.the organization adopted a donor advised fund (daf) policy that describes the criteria for establishing a daf and the purposes and uses of a daf.

Form 990, Part VI, Line 11B: Form 990 Review Process

The executive director and board of directors approves the form 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members are required annually to complete and sign a conflict of interest form.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The governing body reviewed the results of the Executive Directors performance evaluation, discussed the level of compensation and documented the decision.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents, financial statements, and tax returns required to be made public are available on guidestar.org and provided upon written request.

Filing and Contact Details

Filer

Filer Name
The West Marin Fund
EIN
27-4102086
Phone
4156639733
Address
P O BOX 1496, PT REYES STATION, CA 94956

Signing Officer

Name
Sarah Hobson
Title
Executive Director
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Hobson
Formed
2010
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
38

Preparer

Firm
Mark Mumm CPA
Address
12655 Fiori Lane, Sebastopol, CA 95472-9571
Preparer
Mark Mumm
Phone
4154533341
Supplemental Narrative

Additional Explanations

Change in Accounting Method

For 2018, the organization changed its method of accounting from the cash method to the accrual method to be consistent with its audited financial statements.

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