Civic Intelligence

Elk Grove Community Foundation

990 • Fiscal year 2020 • EIN 94-6097642

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

PO Box 2021Elk Grove, CA 95759

(916) 685-7118

Siviq Scores

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

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.40x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

70th percentile

16%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-17%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,617,704

Up $794,219 (+16%) from 2019

Net Assets

Up

$5,403,449

Up $765,697 (+17%) from 2019

Liabilities

Up

$214,255

Up $28,522 (+15%) from 2019

Revenue

Down

$533,514

Down $107,548 (-17%) from 2019

Expenses

Down

$314,316

Down $4,830 (-1.5%) from 2019

Net Income

Down

$219,198

Down $102,718 (-32%) from 2019

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 2011: $2,534,930Liabilities 2011: $89,271Net Assets 2011: $2,445,6592011Assets 2012: $2,839,743Liabilities 2012: $93,409Net Assets 2012: $2,746,3342012Assets 2013: $3,149,283Liabilities 2013: $91,824Net Assets 2013: $3,057,4592013Assets 2014: $3,151,094Liabilities 2014: $91,212Net Assets 2014: $3,059,8822014Assets 2015: $3,281,151Liabilities 2015: $95,685Net Assets 2015: $3,185,4662015Assets 2016: $3,601,148Liabilities 2016: $108,119Net Assets 2016: $3,493,0292016Assets 2017: $4,059,051Liabilities 2017: $122,391Net Assets 2017: $3,936,6602017Assets 2018: $4,006,747Liabilities 2018: $132,863Net Assets 2018: $3,873,8842018Assets 2019: $4,823,485Liabilities 2019: $185,733Net Assets 2019: $4,637,7522019Assets 2020: $5,617,704Liabilities 2020: $214,255Net Assets 2020: $5,403,4492020Assets 2021: $6,408,158Liabilities 2021: $221,978Net Assets 2021: $6,186,1802021Assets 2022: $5,767,106Liabilities 2022: $269,464Net Assets 2022: $5,497,6422022Assets 2023: $6,435,933Liabilities 2023: $299,538Net Assets 2023: $6,136,3952023Assets 2024: $6,945,668Liabilities 2024: $287,400Net Assets 2024: $6,658,2682024

Highlighted filing

2020

Assets$5,617,704
Liabilities$214,255
Net Assets$5,403,449

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2011: $352,632Expenses 2011: $189,179Net Income 2011: $163,4532011Revenue 2012: $486,896Expenses 2012: $211,249Net Income 2012: $275,6472012Revenue 2013: $514,375Expenses 2013: $220,870Net Income 2013: $293,5052013Revenue 2014: $336,337Expenses 2014: $216,041Net Income 2014: $120,2962014Revenue 2015: $465,763Expenses 2015: $239,420Net Income 2015: $226,3432015Revenue 2016: $382,914Expenses 2016: $247,753Net Income 2016: $135,1612016Revenue 2017: $402,410Expenses 2017: $255,025Net Income 2017: $147,3852017Revenue 2018: $492,047Expenses 2018: $276,409Net Income 2018: $215,6382018Revenue 2019: $641,062Expenses 2019: $319,146Net Income 2019: $321,9162019Revenue 2020: $533,514Expenses 2020: $314,316Net Income 2020: $219,1982020Revenue 2021: $1,103,845Expenses 2021: $369,974Net Income 2021: $733,8712021Revenue 2022: $640,873Expenses 2022: $376,560Net Income 2022: $264,3132022Revenue 2023: $793,594Expenses 2023: $434,427Net Income 2023: $359,1672023Revenue 2024: $723,432Expenses 2024: $559,118Net Income 2024: $164,3142024

Highlighted filing

2020

Revenue$533,514
Expenses$314,316
Net Income$219,198
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$3,213,893
Mission and Program Overview

Mission

To facilitate the development of educational opportunities and programs through scholarships and grants, and to coordinate contributions to meet the community's needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,071,806$3,246,720▲ $174,914
Investments in Publicly Traded Securities$1,604,738$2,104,679▲ $499,941
Cash and Non-Interest-Bearing Accounts$144,877$258,513▲ $113,636
Accounts Receivable$2,064$7,792▲ $5,728
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 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$4,823,485$5,617,704▲ $794,219
Other Assets Total-$0-
Liabilities
Other Liabilities$177,950$205,193▲ $27,243
Accounts Payable and Accrued Expenses$7,783$9,062▲ $1,279
Total Liabilities$185,733$214,255▲ $28,522
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,539,773$5,287,693▲ $747,920
Net Assets With Donor Restrictions$97,979$115,756▲ $17,777
Total Net Assets Fund Balance$4,637,752$5,403,449▲ $765,697
Total Liabilities and Net Assets / Fund Balance$4,823,485$5,617,704▲ $794,219

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,602,535$266,760▲ $257,393-$3,869,295
2019$3,350,408$252,127▲ $254,510-$3,602,535
2018$3,121,717$228,691▲ $229,975-$3,350,408
2017$2,928,703$193,014▲ $211,195-$3,121,717
2016$2,679,133$249,570▲ $203,400-$2,928,703
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat HumePresident
Chet MadisonVice President
Rebecca DavisVice President
Suzanne KennedyVice President
Brian WieseDirector
Dan LawrenceDirector
Dru BornhoefDirector
Elizabeth PinkertonDirector
Faye BundesenDirector
Janet HumeDirector
Katherine AlbianiDirector
Kevin SpeaseDirector
Marie ColemanDirector
Merrilee Lewis EngelDirector
Mike ZehnderDirector
Mo HashemyanDirector
Natasha MooreDirector
Xanthi SorianoDirector
Arlene HeinReporter
Steve SingletonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$379,506
Program Service Revenue
$0
Investment Income
$150,370
Other Revenue
$3,638
All Other Contributions
$379,506
Change in Net Assets
$219,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$257,393
Other Expenses$56,923
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$257,393--$257,393
Fees for Services Accounting-$14,235-$14,235
Insurance-$2,589-$2,589
All Other Expenses-$1,769-$1,769
Other Expenses-$1,467-$1,467
Total Functional Expenses$257,393$56,923$0$314,316
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,493
Fundraising Gross Income$631
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unclaimed Scholarships$205,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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 2: Description of Business or Family Relationship of Officers, Directors, Et

At least four of the directors are blood relatives, i.e. Mother and son/daughter.

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

The return was reviewed in detail at the finance committee level. The finance committee recommended to the board of directors at its general meeting that the return be approved for filing. A copy of the draft return was made available at this general meeting for any director wishing to review it. Upon due consideration the board of directors approved the return for filing.

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

Disclosure of governing documents, policies and copies of the annual returns are made on the organization's website. Financial statements are available on request.

Filing and Contact Details

Filer

Filer Name
Elk Grove Community Foundation
EIN
94-6097642
Phone
9166857118
Address
PO Box 2021, Elk Grove, CA 95759

Signing Officer

Name
Steve Singleton
Title
Treasurer
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
75

Preparer

Firm
Timothy E & Alison H Tucker Cpas
Address
3117 DWIGHT RD STE 400, ELK GROVE, CA 95758
Preparer
Timothy E Tucker CPA
Phone
9163917245
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment funds are intended to be invested to produce revenues sufficient to pay out scholarships to qualified applicants

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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03638

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.95$0.29$6.66$0.72$0.56$0.16
2023Detailed filing. Detailed filing data is available for this year.$6.44$0.30$6.14$0.79$0.43$0.36
2022Detailed filing. Detailed filing data is available for this year.$5.77$0.27$5.50$0.64$0.38$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.41$0.22$6.19$1.10$0.37$0.73
2020Detailed filing. Detailed filing data is available for this year.$5.62$0.21$5.40$0.53$0.31$0.22
2019Detailed filing. Detailed filing data is available for this year.$4.82$0.19$4.64$0.64$0.32$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.01$0.13$3.87$0.49$0.28$0.22
2017Detailed filing. Detailed filing data is available for this year.$4.06$0.12$3.94$0.40$0.26$0.15
2016Detailed filing. Detailed filing data is available for this year.$3.60$0.11$3.49$0.38$0.25$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.28$0.10$3.19$0.47$0.24$0.23
2014Detailed filing. Detailed filing data is available for this year.$3.15$0.09$3.06$0.34$0.22$0.12
2013Detailed filing. Detailed filing data is available for this year.$3.15$0.09$3.06$0.51$0.22$0.29
2012Summary only. Only limited summary data is available for this year.$2.84$0.09$2.75$0.49$0.21$0.28
2011Summary only. Only limited summary data is available for this year.$2.53$0.09$2.45$0.35$0.19$0.16