Civic Intelligence

Point Lobos Foundation

990 • Fiscal year 2021 • EIN 94-2546064

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 02, 2022

80 Garden Court Suite 106Monterey, CA 93940

(866) 338-7227

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.29x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

73rd percentile

29%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

80th percentile

$128,962

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

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

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

65th percentile

28%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$1,881,850

Up $260,568 (+16%) from 2020

Net Assets

Up

$1,673,744

Up $308,399 (+23%) from 2020

Liabilities

Down

$208,106

Down $47,831 (-19%) from 2020

Revenue

Up

$723,760

Up $158,582 (+28%) from 2020

Expenses

Down

$511,251

Down $192,507 (-27%) from 2020

Net Income

Up

$212,509

Up $351,089 (+253%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,386,730Liabilities 2011: $20,944Net Assets 2011: $1,365,7862011Assets 2012: $1,403,373Liabilities 2012: $16,350Net Assets 2012: $1,387,0232012Assets 2013: $1,438,475Liabilities 2013: $25,640Net Assets 2013: $1,412,8352013Assets 2014: $1,413,927Liabilities 2014: $52,315Net Assets 2014: $1,361,6122014Assets 2015: $1,180,252Liabilities 2015: $26,604Net Assets 2015: $1,153,6482015Assets 2016: $1,379,066Liabilities 2016: $24,754Net Assets 2016: $1,354,3122016Assets 2017: $1,365,077Liabilities 2017: $35,724Net Assets 2017: $1,329,3532017Assets 2018: $1,220,965Liabilities 2018: $35,236Net Assets 2018: $1,185,7292018Assets 2019: $1,449,950Liabilities 2019: $32,424Net Assets 2019: $1,417,5262019Assets 2020: $1,621,282Liabilities 2020: $255,937Net Assets 2020: $1,365,3452020Assets 2021: $1,881,850Liabilities 2021: $208,106Net Assets 2021: $1,673,7442021Assets 2022: $1,690,469Liabilities 2022: $121,790Net Assets 2022: $1,568,6792022Assets 2023: $2,087,264Liabilities 2023: $107,663Net Assets 2023: $1,979,6012023Assets 2024: $2,326,096Liabilities 2024: $53,736Net Assets 2024: $2,272,3602024

Highlighted filing

2021

Assets$1,881,850
Liabilities$208,106
Net Assets$1,673,744

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $278,058Expenses 2011: $261,779Net Income 2011: $16,2792011Revenue 2012: $346,764Expenses 2012: $358,736Net Income 2012: -$11,9722012Revenue 2013: $511,681Expenses 2013: $430,849Net Income 2013: $80,8322013Revenue 2014: $521,381Expenses 2014: $570,788Net Income 2014: -$49,4072014Revenue 2015: $522,489Expenses 2015: $699,021Net Income 2015: -$176,5322015Revenue 2016: $710,530Expenses 2016: $514,435Net Income 2016: $196,0952016Revenue 2017: $665,748Expenses 2017: $747,410Net Income 2017: -$81,6622017Revenue 2018: $755,484Expenses 2018: $786,972Net Income 2018: -$31,4882018Revenue 2019: $1,036,355Expenses 2019: $949,940Net Income 2019: $86,4152019Revenue 2020: $565,178Expenses 2020: $703,758Net Income 2020: -$138,5802020Revenue 2021: $723,760Expenses 2021: $511,251Net Income 2021: $212,5092021Revenue 2022: $790,831Expenses 2022: $719,758Net Income 2022: $71,0732022Revenue 2023: $922,122Expenses 2023: $648,966Net Income 2023: $273,1562023Revenue 2024: $1,048,888Expenses 2024: $851,114Net Income 2024: $197,7742024

Highlighted filing

2021

Revenue$723,760
Expenses$511,251
Net Income$212,509
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 2, 2022
Return Version
2021v4.0
Gross Receipts
$1,045,743
Mission and Program Overview

Mission

Invested in the appreciation and preservation of Point Lobos Natural Reserve, the crown jewel of California's State Parks.

Reserve stewardship, including natural and cultural resource protection and public use area improvements; interpretive education to foster visitor appreciation of point lobos state natural reserve; train and support a docent corps of ~ 200 volunteers; provide youth nature programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,272,185$1,424,530▲ $152,345
Cash and Non-Interest-Bearing Accounts$186,625$302,888▲ $116,263
Accounts Receivable$66,055$74,972▲ $8,917
Intangible Assets$32,182$28,482▼ $3,700
Inventories for Sale or Use$28,201$23,979▼ $4,222
Land, Buildings, and Equipment, Net$28,003$22,721▼ $5,282
Prepaid Expenses and Deferred Charges$8,031$4,278▼ $3,753
Savings and Temporary Cash Investments-$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-
Total Assets$1,621,282$1,881,850▲ $260,568
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$219,468$148,508▼ $70,960
Accounts Payable and Accrued Expenses$36,469$59,598▲ $23,129
Total Liabilities$255,937$208,106▼ $47,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$911,668$1,189,098▲ $277,430
Net Assets With Donor Restrictions$453,677$484,646▲ $30,969
Total Net Assets Fund Balance$1,365,345$1,673,744▲ $308,399
Total Liabilities and Net Assets / Fund Balance$1,621,282$1,881,850▲ $260,568

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,411$61,590$70,001
Other Land Buildings$14,310$29,149$43,459
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen LeeExecutive DirectorFT$113,852$15,110$128,962

Board Members and Trustees

NameTitle
Karin StrattonPast President
Jim RurkaPresident
Barb McGaugheyVice President
Alan ShoebridgeBoard Member
Betty MauruttoBoard member
Carol RossiBoard Member
Danielle BraggBoard Member
Donita GraceBoard Member
Jerry DiazBoard Member
Karen Max KellyBoard Member
Ruth RodriguezBoard Member
Scott KurteffBoard member
Sean JamesBoard Member
Holly CarlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$612,053
Program Service Revenue
$0
Investment Income
$48,180
Other Revenue
$63,527
All Other Contributions
$256,758
Change in Net Assets
$212,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,458
Revenue Not Reported on Financial Statements
$12,302
Revenue Not Reported on Form 990
$95,890
Total Revenue per Audited Statements
$807,348
Total Revenue per Form 990
$723,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$294,569
Other Expenses$170,040
Total Fundraising Expense$123,464
Grants and Similar Amounts Paid$46,642
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$107,131$45,124$65,838$218,093
Grants to Domestic Orgs$46,642--$46,642
Occupancy$15,995$11,069$7,997$35,061
Other Employee Benefits$14,275$5,883$9,999$30,157
Other Salaries and Wages$13,077$5,610$7,263$25,950
Payroll Taxes$8,953$3,842$5,428$18,223
Fees for Services Accounting$2,693$12,888$519$16,100
Information Technology$3,600$2,343$6,721$12,664
Fees for Service Investment Mgmnt Fees-$12,302-$12,302
Depreciation Depletion$7,906$538$538$8,982
Fees for Services Other$293$293$6,725$7,311
Insurance$2,582$1,572$1,825$5,979
Interest-$5,799-$5,799
All Other Expenses$2,735$713$1,714$5,162
Office Expenses$922$468$1,658$3,048
Other Expenses$881$745$745$2,371
Pension Plan Contributions$1,262$487$397$2,146
Conferences and Meetings$250--$250
Total Functional Expenses$278,053$109,734$123,464$511,251

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$511,251
Expenses per Audited Statements$498,949
Total Expenses per Audited Statements$498,949
Expenses Not Reported on Financial Statements$12,302
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
California State ParksMonterey, CA-Trail Maintenance$30,000
Garavaglia Architecture IncSan Francisco, CA-Hudson House Reserve Use Assessment$8,729
Park ItMonterey, CA-Grant Writing$7,913
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
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, Line 11B: Form 990 Review Process

The 990 is first reviewed by staff and the treasurer, and then once a draft is approved, the finance committee reviews and recommends its approval to the full board. The board reviews and votes for the approval.

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

Each board member signs a letter annually, stating they do not have a conflict as defined in the conflict-of-interest policy. These letters are maintained and monitored by the secretary.

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

The executive committee and/or governance committee reviews and approves the organization's employee compensation annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The executive committee and/or governance committee reviews and approves the organization's employee compensation annually.

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

The audited financial statements, form 990 and public meeting minutes are made available to the general public on the foundation's website. Governing documents and the conflict-of-interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Point Lobos Foundation
EIN
94-2546064
Phone
8663387227
Address
80 Garden Court Suite 106, Monterey, CA 93940

Signing Officer

Name
Jim Rurka
Title
President
Signed
2022-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Rurka
Formed
1978
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
207

Preparer

Firm
MANN URRUTIA NELSON CPAs & ASSOC LLP
Address
2901 Douglas Blvd Suite 290, Roseville, CA 95661
Preparer
Bradley J Bartells CPA
Phone
9167744208
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: youth programs:including funding transportation and entry fees for school groups to visit point lobos through docent school outreach program, along with funding for state parks summer adventure program, ports program and junior rangers program for children.

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The Foundations collections are made up of artifacts of historical significance, scientific specimens, and art objects that are held for educational and curatorial purposes. These items are cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The majority of the collection is on a long-term loan to California Department of Parks and Recreation, for display at The Whalers Cabin and the Whaling Station museum buildings at point lobos state natural reserve. The objects in the collection were acquired over several years and have an appraised value of $142,905. No Collection items were deaccessioned in 2021.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The foundations collections are made up of artifacts of historical significance, scientific specimens, and art objects that are held for educational and curatorial purposes. These items are cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The majority of the collection is on a long-term loan to california department of parks and recreation, for display at the whalers cabin and the whaling station museum buildings at point lobos state natural reserve. The objects in the collection were acquired over several years and have an appraised value of $142,905. No collection items were deaccessioned in 2021.

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IRS990/Desc0VISITOR SERVICES:EDUCATE VISITORS TO ENHANCE THEIR APPRECIATION, UNDERSTANDING AND SUPPORT OF POINT LOBOS STATE NATURAL RESERVE THROUGH VARIOUS CHANNELS INCLUDING MAGAZINES, NEWSLETTERS, WEBSITE, DIGITAL APP, MULTILINGUAL BROCHURES, DOCENT INTERPRETIVE INTERACTIONS, PUBLIC EVENTS AND MEETINGS.INCLUDING THE FOLLOWING FOR 2021:DIGITIZATION OF THE WHALERS CABIN MUSEUM COLLECTION TO BE USED AS A FUTURE TEACHING RESOURCE FOR THE DOCENT CORPS AND THE PUBLIC. INTERPRETIVE MATERIALS FOR USE WITHIN THE RESERVE. INTERPRETIVE BROCHURES FOR VISITORS. TRANSPORTATION COSTS AND ENTRY FEES OF TITLE 1 STUDENTS TO POINT LOBOS. A/V EQUIPMENT TO ENHANCE VIRTUAL LEARNING BY THE PORTS PROGRAM AND THE SCHOOL OUTREACH COMMITTEE. TWO (2) ISSUES OF THE POINT LOBOS MAGAZINE AVAILABLE TO VISITORS (TO PURCHASE) AND AS A POINT LOBOS FOUNDATION MEMBERSHIP BENEFIT. VARIOUS VIRTUAL AND IN-PERSON MEMBER EVENTS THROUGHOUT THE YEAR. SUPPORT OF YOUTH SUMMER ADVENTURES PROGRAM OFFERED BY CA STATE PARKS. LAUNCH OF CONTACTLESS POINT-OF-SALE SYSTEM AT INFORMATION STATION.
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IRS990/Form990PartVIISectionAGrp/PersonNm6Ruth Rodriguez
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IRS990/Form990PartVIISectionAGrp/PersonNm13Jerry Diaz
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
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IRS990/ProgSrvcAccomActy2Grp/Desc0Reserve Stewardship, including natural and cultural resource protection and public use area improvements (trails and restrooms) to enhance visitor experience and safety, and support of the Carmel Area state parks general plan.Including the following for 2021:Important trails maintenance and habitat restoration within the ReserveCompletion of the restoration of Sea Lion Pt. trail and new overlookMaintenance of the historical Whalers Cabin and associated collectionSupport of Park-It; a community-based initiative to improve traffic safety and sustainability and parklands access on the Monterey Peninsula and Big Sur.Stewardship costs are down in 2021 due to unique circumstances faced by California State Parks in the midst of the pandemic and significant wildfires in California that resulted in trail crews being redirected to parks outside of the Monterey district. As a result, reimbursable stewardship work was not performed by California State Parks to the anticipated level.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt045799
IRS990/ProgSrvcAccomActy3Grp/Desc0DOCENT SUPPORT:TO ENHANCE THE VISITOR EXPERIENCE BY TRAINING AND SUPPORTING 193 STATE PARK VOLUNTEERS WHO GREET VISITORS, INTERPRET THE NATURAL AND CULTURAL RESOURCES OF THE RESERVE, AND LEAD WALKS FOR VISITOR GROUPS, INCLUDING TITLE 1 SCHOOL CHILDREN.DOCENT ADMINISTRATION AND SUPPORT: DOCENT EVENTS AND RECOGNITION. DOCENT TRAINING AND CONTINUING EDUCATION, INCLUDING MONTHLY DOCENT MEETINGS. INTERPRETIVE MATERIALS AND MAINTENANCE FOR THE LOCATION-BASED SERVICES AT THE RESERVE (INFORMATION STATION, MINT VAN, WHALERS CABIN). SUPPLIES AND MATERIALS RELATED TO COVID PROTOCOLS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.05$2.27$1.05$0.85$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.11$1.98$0.92$0.65$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.12$1.57$0.79$0.72$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.21$1.67$0.72$0.51$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.62$0.26$1.37$0.57$0.70$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$1.04$0.95$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.04$1.19$0.76$0.79$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.04$1.33$0.67$0.75$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.02$1.35$0.71$0.51$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.52$0.70$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.41$0.05$1.36$0.52$0.57$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.44$0.03$1.41$0.51$0.43$0.08
2012Summary only. Only limited summary data is available for this year.$1.40$0.02$1.39$0.35$0.36$0.01
2011Summary only. Only limited summary data is available for this year.$1.39$0.02$1.37$0.28$0.26$0.02