Civic Intelligence

The West Marin Fund

990 • Fiscal year 2021 • EIN 27-4102086

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 07, 2021

P O Box 1496Point 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

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.16x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

11th percentile

-18%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$131,452

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

58th percentile

13%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,483,731

Up $527,320 (+13%) from 2020

Net Assets

Up

$4,301,044

Up $597,305 (+16%) from 2020

Liabilities

Down

$182,687

Down $69,985 (-28%) from 2020

Revenue

Down

$1,170,104

Down $1,357,901 (-54%) from 2020

Expenses

Down

$1,381,185

Down $325,651 (-19%) from 2020

Net Income

Down

-$211,081

Down $1,032,250 (-126%) from 2020

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 2021: $4,483,731Liabilities 2021: $182,687Net Assets 2021: $4,301,0442021Assets 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

2021

Assets$4,483,731
Liabilities$182,687
Net Assets$4,301,044

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 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 2021: $1,170,104Expenses 2021: $1,381,185Net Income 2021: -$211,0812021Revenue 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

2021

Revenue$1,170,104
Expenses$1,381,185
Net Income-$211,081
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 7, 2021
Return Version
2020v4.0
Gross Receipts
$1,252,173
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$500,369$688,247▲ $187,878
Savings and Temporary Cash Investments$217,729$493,936▲ $276,207
Cash and Non-Interest-Bearing Accounts$353,412$8,798▼ $344,614
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,956,411$4,483,731▲ $527,320
Other Assets Total$2,884,901$3,292,750▲ $407,849
Liabilities
Accounts Payable and Accrued Expenses$202,696$132,711▼ $69,985
Unsecured Notes Loans Payable$49,976$49,976→ $0
Total Liabilities$252,672$182,687▼ $69,985
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,274,763$2,592,478▲ $317,715
Net Assets Without Donor Restrictions$1,428,976$1,708,566▲ $279,590
Total Net Assets Fund Balance$3,703,739$4,301,044▲ $597,305
Total Liabilities and Net Assets / Fund Balance$3,956,411$4,483,731▲ $527,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,292,750--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$87,582-▲ $4,178-$91,760
2019$76,158-▲ $11,424-$87,582
2018$65,807$5,800▲ $4,551-$76,158
2017$62,955-▲ $2,852-$65,807
2016-$61,360▲ $1,595-$62,955
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah HobsonExecutive DirectorFT$131,452$131,452

Board Members and Trustees

NameTitle
Harriet MossPresident
Ann ShulmanVice Chair
Catherine KingDirector
Cindy OhamaDirector
Gary IrelandDirector
June Staal RoblesDirector
Marcia BarinagaDirector
Mary RoccaDirector
Patricia BricenoDirector
Susan ByrdSecretary
John CasaudoumecqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,124,034
Program Service Revenue
$0
Investment Income
$46,070
Other Revenue
$0
All Other Contributions
$1,124,034
Change in Net Assets
$-211,081

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 Amount
Securities Publicly Traded4$63,059
Total Noncash Contributions4$63,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,148,853
Revenue Not Reported on Financial Statements
$21,251
Revenue Not Reported on Form 990
$808,386
Total Revenue per Audited Statements
$1,957,239
Total Revenue per Form 990
$1,170,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$745,249
Salaries, Compensation, and Employee Benefits$386,473
Other Expenses$249,463
Total Fundraising Expense$51,882
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$745,249--$745,249
Other Salaries and Wages$161,005$25,217$24,099$210,321
Current Officers, Directors, Trustees, and Key Employees$108,207$13,596$16,197$138,000
Fees for Services Other$80,473$45,281$612$126,366
Fees for Services Accounting$9,866$43,272-$53,138
Payroll Taxes$20,305$2,933$3,039$26,277
Information Technology$9,531$3,359$1,046$13,936
Occupancy$10,062$1,104$1,104$12,270
Other Employee Benefits$8,586$1,071$2,218$11,875
Office Expenses$4,234$465$465$5,164
Fees for Services Legal$2,079$1,249$674$4,002
Insurance-$3,464-$3,464
Other Expenses$2,189$240$2,134$2,134
All Other Expenses$454$50$50$554
Total Functional Expenses$1,184,691$144,612$51,882$1,381,185

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,381,185
Expenses per Audited Statements$1,359,934
Total Expenses per Audited Statements$1,359,934
Expenses Not Reported on Financial Statements$21,251
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shoreline Unified School DistTomales, CA-General Support$153,050
Extra FoodorgSan Rafael, CA-General Support$57,500
Bolinas Community CenterBolinas, CA-General Support$50,000
Inverness Garden ClubInverness, CA-General Support$50,000
CommonwealBolinas, CA-General Support$47,225
West Marin Community ServicesPoint Reyes St, CA-General Support$37,593
New Media LearningMill Valley, CA-General Support$32,300
Marin Agricultural Land TrustPoint Reyes Sta, CA-General Support$25,000
Pacific InstituteOakland, CA-General Support$25,000
San Geronimo Valley Comm CtrSan Geronimo, CA-General Support$22,500
KwmrPt Reyes Sta, CA-General Support$21,000
Santa Clara UniversitySanta Clara, CA-General Support$20,000
Bolinas-Stinson Beach SchoolBolinas, CA-General Support$11,425
Environmental Action CommittePoint Reyes Sta, CA-General Support$8,000
10000 DegreesSan Rafael, CA-General Support$7,500
Audubon Canyon RanchStinson Beach, CA-General Support$7,500
Bolinas Community Land TrustBolinas, CA-General Support$7,500
Bolinas Stinson Young StewardBolinas, CA-General Support$7,500
Community Action MarinSan Rafael, CA-General Support$7,500
Comty Lnd Trust Assoc W MarinPoint Reyes Sta, CA-General Support$7,500
Gallery Route OnePoint Reyes Sta, CA-General Support$7,500
Halleck Creek RanchNicasio, CA-General Support$7,500
Innovative Health SolutionsBenicia, CA-General Support$7,500
Mesa RefugePoint Reyes Sta, CA-General Support$7,500
Natura Institute for EcologyBolinas, CA-General Support$7,500
Papermill Creek Childrens CoPt Reyes Sta, CA-General Support$7,500
Parent Services ProjectSan Rafael, CA-General Support$7,500
River Otter Ecology ProjectForst Knolls, CA-General Support$7,500
San Geronimo Vly Afford HousiWoodacre, CA-General Support$7,500
Slide RanchMuir Beach, CA-General Support$7,500
Nicasio School FoundationNicasio, CA-General Support$7,324
Dance Palace Community CenterPoint Reyes Sta, CA-General Support$6,000
Kids Cooking for Life - KCLSan Rafael, CA-General Support$5,232
Shoreline Acres PreschoolTomales, CA-General Support$5,100
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 35% controlled entity
No
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
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 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.Some West Marin Fund Board members are also board members or advisors for other nonprofits that sometimes receive grants from West Marin Fund. West Marin Fund Board members recuse themselves from any discussion or voting on any grant being recommended to the organization of which they are a board member or advisor.

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, POINT REYES STATION, CA 94956

Signing Officer

Name
Sarah Hobson
Title
Executive Director
Signed
2021-12-07
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
51

Preparer

Firm
Mark Mumm CPA
Address
12655 Fiori Lane, Sebastopol, CA 95472
Preparer
Mark Mumm
Phone
4154533341
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IRS990/ActivityOrMissionDesc0TO 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.
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IRS990/Desc0Overview In FY 20-21, West Marin Fund concentrated our program services on addressing the impact of the COVID-19 pandemic on people who live, work and visit in West Marin and the nonprofits that serve them. We increased our support for food banks, rental assistance, internet access for rural families, learning hubs for students and early childhood programs. We supported 50+ nonprofits to respond strategically to their rapidly changing circumstances, enhance their fundraising, pivot their programs, and increase collaboration to advance equitable solutions to major challenges facing the region. We improved our own program administration and tracking systems with the introduction of a new database designed for community foundations with multiple program funds. Program HighlightsGRANTMAKING: Partnering with donors, nonprofits and community members, we focused on awarding grants from our COVID-19 Community Response Fund, Early Childhood Equity Fund and Community Grants Fund. Our grants addressed economic and social instability during a time of crisis; challenges faced by local nonprofits to better serve community; the growing inequities for children of color and seniors in low-income households; and the need to advance racial justice in West Marin.TRAININGS & CONVENINGS: We played a critical role in bringing together the Nonprofit Executive Director group twice a month and providing them with information, training and technical support so they could more effectively respond to rapidly changing circumstances due to loss of revenue, programs, staff and volunteers during the COVID-19 pandemic. We organized well-attended free online webinars and workshops for the local nonprofit and small business community, including how to apply for PPP loans and how to implement health and safety protocols. We held a seminar on the need for accessible, affordable quality preschool for all in West Marin, and produced a 5 video on Early Childhood Equity that was shown to the County of Marin Board of Supervisors and the Shoreline Unified School District Board.REGIONAL VISION AND STRATEGY: We continued our work with 5 nonprofits to develop a joint region-wide system for rental and financial assistance; 40 community and local media organizations to develop equitable communications across the region; and 47 nonprofits to challenge racism and to increase diversity, equity and inclusion among nonprofits in West Marin. We contributed to the strategic thinking and planning of two major initiatives in West Marin: the establishment of a preschool program as part of Shoreline Unified School District; and the reactivation of the Committee for Housing for Agricultural Workers and their Families in West Marin. During FY 20-21, we conducted two surveys on the state of nonprofits in West Marin. The first in August 2020 was completed by 50 nonprofits to assess the impact of the COVID-19 pandemic on their organizations; the second in March 2021 was completed by 39 organizations and helped establish an organizational baseline for future surveys over the coming 10 years.
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