Civic Intelligence

The Bernard a Newcomb Foundation

990 • Fiscal year 2015 • EIN 77-0505640

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 02, 2016

2440 West El Camino Real No 300Mountain View, CA 94040

(650) 450-5400

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.64x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

1st percentile

-258%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$189,669

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 78.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

6th percentile

-21%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-7.0%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,792,045

Down $1,241,295 (-21%) from 2014

Net Assets

Down

$4,636,063

Down $1,049,391 (-18%) from 2014

Liabilities

Down

$155,982

Down $191,904 (-55%) from 2014

Revenue

Down

$243,010

Down $18,416 (-7.0%) from 2014

Expenses

Down

$869,257

Down $124,920 (-13%) from 2014

Net Income

Up

-$626,247

Up $106,504 (+15%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,890,836Liabilities 2010: $850,000Net Assets 2010: $6,040,8362010Assets 2011: $5,815,777Liabilities 2011: $250,140Net Assets 2011: $5,565,6372011Assets 2012: $6,024,141Liabilities 2012: $0Net Assets 2012: $6,024,1412012Assets 2013: $6,516,142Liabilities 2013: $0Net Assets 2013: $6,516,1422013Assets 2014: $6,033,340Liabilities 2014: $347,886Net Assets 2014: $5,685,4542014Assets 2015: $4,792,045Liabilities 2015: $155,982Net Assets 2015: $4,636,0632015Assets 2016: $4,509,375Liabilities 2016: $55,706Net Assets 2016: $4,453,6692016Assets 2017: $5,121,242Liabilities 2017: $10,500Net Assets 2017: $5,110,7422017Assets 2018: $4,849,294Liabilities 2018: $0Net Assets 2018: $4,849,2942018Assets 2019: $29Liabilities 2019: $0Net Assets 2019: $292019

Highlighted filing

2015

Assets$4,792,045
Liabilities$155,982
Net Assets$4,636,063

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $1,087,0852010Expenses 2011: $590,7762011Expenses 2012: $195,2262012Revenue 2013: $3,377,519Expenses 2013: $1,954,571Net Income 2013: $1,422,9482013Revenue 2014: $261,426Expenses 2014: $994,177Net Income 2014: -$732,7512014Revenue 2015: $243,010Expenses 2015: $869,257Net Income 2015: -$626,2472015Revenue 2016: $77,205Expenses 2016: $512,879Net Income 2016: -$435,6742016Revenue 2017: $1,264,813Expenses 2017: $341,855Net Income 2017: $922,9582017Revenue 2018: $314,064Expenses 2018: $122,933Net Income 2018: $191,1312018Revenue 2019: $26,230Expenses 2019: $5,253,931Net Income 2019: -$5,227,7012019

Highlighted filing

2015

Revenue$243,010
Expenses$869,257
Net Income-$626,247
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 2, 2016
Return Version
2015v2.1
Gross Receipts
$2,915,969
Mission and Program Overview

Mission

To support organizations with a focus in the following areas: supporting families, building community, and vision-related research and technology. The overarching goal of the organization is to improve access and quality of life for individuals with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,428,571$4,290,522▼ $1,138,049
Investments Program Related$500,000$500,000→ $0
Other Notes and Loans Receivable, Net$105,000$0▼ $105,000
Cash and Non-Interest-Bearing Accounts$-231$1,523▲ $1,754
Total Assets$6,033,340$4,792,045▼ $1,241,295
Liabilities
Grants Payable$347,886$155,982▼ $191,904
Total Liabilities$347,886$155,982▼ $191,904
Net Assets / Fund Balance
Unrestricted Net Assets$5,685,454$4,636,063▼ $1,049,391
Total Net Assets Fund Balance$5,685,454$4,636,063▼ $1,049,391
Total Liabilities and Net Assets / Fund Balance$6,033,340$4,792,045▼ $1,241,295

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$500,000--
Other Securities$215,911--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Marie YoungDirector$119,932$119,932

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$175,572
Program Service Revenue
$0
Investment Income
$57,438
Other Revenue
$10,000
All Other Contributions
$175,572
Change in Net Assets
$-626,247

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$175,572Fair Market Value (FMV)
Total Noncash Contributions7$175,572-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$777,500
Other Expenses$91,757
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$777,500--$777,500
Fees for Services Management$22,229$22,229-$44,458
Fees for Service Investment Mgmnt Fees-$39,830-$39,830
Insurance-$4,774-$4,774
Fees for Services Accounting-$2,600-$2,600
Office Expenses-$95-$95
Total Functional Expenses$799,729$69,528$0$869,257
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Silicon Valley Community FoundationMountain View, CA501(c)(3)Building Community$225,000
Linn County Lamb and Wool Fair AssociationScio, OR501(c)(3)Supporting Families$105,000
Hadley School for the BlindWinnetka, IL501(c)(3)Education$100,000
Vista Center for the Blind and Visually ImpairedPalo Alto, CA501(c)(3)Supporting Families$100,000
Oregon State University FoundationCorvallis, OR501(c)(3)Education$52,500
American Foundation for the BlindSan Francisco, CA501(c)(3)Supporting Families$50,000
National Alliance on Mental IllnessBaltimore, MD501(c)(3)Health$50,000
Doheny Eye InstituteLos Angeles, CA501(c)(3)Health$30,000
Junior Blind of AmericaOakland, CA501(c)(3)Supporting Families$30,000
Second Harvest Food Bank of Santa Clara & San Mateo CountiesSan Jose, CA501(c)(3)Supporting Families$25,000
Women's Foundation of CaliforniaSan Francisco, CA501(c)(3)Building Community$10,000
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

David lowe has a business relationship with bernard a. Newcomb.

Form 990, Part VI, Section A, line 3

The employees of silicon valley community foundation, the supported exempt organization, performed the day to day operations of the bernard a. Newcomb foundation. The community foundation was reimbursed for these services.

Form 990, Part VI, Section B, line 11

The Form 990 is placed on a secured web site or sent by email for the governing body to review and comment. Review is verified by email.

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

ANNUALLY EACH BOARD MEMBER OF THE BERNARD A. NEWCOMB FOUNDATION AND SUPPORTED/SUPPORTING ORGANIZATIONS COMPLETES a "FORM 990 QUESTIONNAIRE" THAT REPORTS OBLIGATIONS AND DOCUMENTS DISCLOSURES THAT ARE NECESSARY TO COMPLY WITH FORM 990 REQUIREMENTS.

Form 990, Part VI, Section C, line 19

AUDITED FINANCIAL STATEMENTS: Included as part of the audited financial statements of Silicon Valley Community Foundation. Silicon Valley Community Foundation makes copy available on their website annually. GOVERNING/ORGANIZING DOCUMENTS: All requests for information will be submitted to the Board Chair. The requestor will be contacted within 24 hours to obtain the following information: Contact information, name, address, email, phone. Documents will be provided in the office, on a CD or through email. Conflict of Interest Policy: The conflict of interest policy is not made available to the public.

Filing and Contact Details

Filer

Filer Name
The Bernard A Newcomb Foundation
EIN
77-0505640
Phone
6504505400
Address
2440 West El Camino Real No 300, Mountain View, CA 94040

Signing Officer

Name
Paul Velaski
Title
President
Phone
6504505400
Signed
2016-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerry Marshall
Formed
1998
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Moss Adams LLP
Address
3121 W March Ln Ste 200, Stockton, CA 95219-2367
Preparer
Tracy S Paglia
Phone
2099556100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

present value adjustment -1,596.

Financial Statement Notes

Part X, Line 2:

SVCF and its supporting organizations and affiliate are tax-exempt organizations and are not subject to federal or state income taxes, except on unrelated business income, in accordance with Section 501(a) of the Internal Revenue Code. In addition, SVCF and its supporting organizations and affiliate qualified for the charitable contribution deduction under Section 170(b) (1) (A) of the Internal Revenue Code and have been classified as organizations that are not private foundations. Unrelated business income tax, if any, is immaterial and no tax provision has been made in the accompanying consolidated financial statements. SVCF and its supporting organizations and affiliate do not have any material uncertain tax positions. SVCF and its supporting organizations and affiliate file informational tax returns in the U.S. federal and California jurisdictions.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0"SVCF" IS AN ABBREVIATION FOR SILICON VALLEY COMMUNITY FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, LINE 11G(I)
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0500000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTE RECEIVABLE
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0373720
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11197070
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22503821
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3215911
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1GLOBAL BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2GLOBAL EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3HEDGE FUNDS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SVCF and its supporting organizations and affiliate are tax-exempt organizations and are not subject to federal or state income taxes, except on unrelated business income, in accordance with Section 501(a) of the Internal Revenue Code. In addition, SVCF and its supporting organizations and affiliate qualified for the charitable contribution deduction under Section 170(b) (1) (A) of the Internal Revenue Code and have been classified as organizations that are not private foundations. Unrelated business income tax, if any, is immaterial and no tax provision has been made in the accompanying consolidated financial statements. SVCF and its supporting organizations and affiliate do not have any material uncertain tax positions. SVCF and its supporting organizations and affiliate file informational tax returns in the U.S. federal and California jurisdictions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt3100000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Health
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Supporting Families
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Supporting Families
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Building Community
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Health
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Supporting Families
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Supporting Families
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Supporting Families
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Building Community
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0National Alliance on Mental Illness
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1American Foundation for the Blind
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Oregon State University Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Vista Center for the Blind and Visually Impaired
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Women's Foundation of California
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Hadley School for the Blind
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Doheny Eye Institute
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Junior Blind of America
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Second Harvest Food Bank of Santa Clara & San Mateo Counties
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Linn County Lamb and Wool Fair Association
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10Silicon Valley Community Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0431201653
IRS990ScheduleI/RecipientTable/RecipientEIN1135562161
IRS990ScheduleI/RecipientTable/RecipientEIN2936022772
IRS990ScheduleI/RecipientTable/RecipientEIN3941196206
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IRS990ScheduleI/RecipientTable/RecipientEIN5362183809
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IRS990ScheduleI/RecipientTable/RecipientEIN7951977659
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IRS990ScheduleI/RecipientTable/RecipientEIN9930746009
IRS990ScheduleI/RecipientTable/RecipientEIN10205205488
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 62596
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt150 California Street Suite 1500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2850 Southwest 35th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32470 El Camino Real Suite 107
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4340 Pine Street Suite 302
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5700 Elm Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61450 San Pablo Street DEI-3050
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt71814 Franklin Street Suite 300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt84001 North First Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9PO Box 373
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt102440 West El Camino Real
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Baltimore
IRS990ScheduleI/RecipientTable/USAddress/CityNm1San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Corvallis
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Palo Alto
IRS990ScheduleI/RecipientTable/USAddress/CityNm4San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Winnetka
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Los Angeles
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Oakland
IRS990ScheduleI/RecipientTable/USAddress/CityNm8San Jose
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Scio
IRS990ScheduleI/RecipientTable/USAddress/CityNm10Mountain View
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd394306
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd4941043235

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