Avenidas in Palo Alto, California (CA)

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Avenidas
Employer Identification Number (EIN)941480548
Name of OrganizationAvenidas
In Care of NameVp Finance
Address450 Bryant St, Palo Alto, CA 94301-1701
ActivitiesCommunity service organization, Community promotion, Referral service (social agencies)
SubsectionCharitable Organization
Ruling Date08/1964
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$23,947,140
Amount of Income$21,596,903
Form 990 Revenue Amount$3,872,626
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Centers, Services


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Amount of income in 2011: $21,596,903
This organization: 

 $21,596,903
Other organizations performing similar types of work: 

 $1,777,301

Assets in 2011: $23,947,140
Avenidas: 

 $23,947,140
Other organizations performing similar types of work: 

 $1,398,182

Expenses in 2007: $4,125,196
This organization: 

 $4,125,196
Other organizations performing similar types of work: 

 $1,146,053

Income to expenses ratio in 2007: 0.9
Avenidas: 

 0.9
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 81.7%
Avenidas: 

 81.7%
Other organizations performing similar types of work: 

 86.4%

Number of employees in 2007: 46
Avenidas: 

 46
Other organizations performing similar types of work: 

 33

Employees paid over $50,000 in 2007: 28.3%
This organization: 

 28.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2007: 30.6%
Avenidas: 

 30.6%
Other organizations performing similar types of work: 

 63.1%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$2,817,882$1,892,839$9,623,962$7,797,254$4,472,844$4,533,137$4,447,574$3,884,010
Contributions, gifts, grants, and similar amounts received$2,157,123$1,469,438$8,171,322$4,873,363$2,353,380$1,777,158$2,138,291$1,187,442
Contributions to donor advised funds$0$0
Direct public support$1,515,781$770,758$7,548,036$4,275,105$1,817,399$1,224,780$1,589,337$651,118
Indirect public support$69,201$58,824$31,264$34,466$26,128$31,106$20,902$0
Government contributions (grants)$572,141$639,856$592,022$563,792$509,853$521,272$528,052$536,324
Program service revenue including government fees and contracts$-185,529$169,148$1,256,855$1,155,238$1,440,298$1,816,903$1,397,861$1,634,651
Membership dues and assessments$22,234$18,735$26,478$34,600$45,366$59,155$0$0
Interest on savings and temporary cash investments$197,262$187,544$268,750$126,893$70,198$22,613$48,054$27,818
Dividends and interest from securities$53,127$29,869$36,648$208,225$450,357$608,621$488,882$874,937
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$573,665$18,105$-136,091$1,398,935$113,245$248,687$374,486$154,848
Gross amount from sales of assets other than inventory$2,274,448$684,772$1,402,068$13,166,284$4,823,966$1,166,632$1,579,209$2,416,773
Less: cost or other basis and sales expenses$1,700,783$666,667$1,538,159$11,767,349$4,710,721$917,945$1,204,723$2,261,925
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$4,314
Gross revenue$0$0$0$0$0$0$0$8,070
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$3,756
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$3,007,226$3,095,561$2,997,744$3,018,082$3,160,579$3,541,396$3,600,421$4,125,196
Program services$2,471,840$2,518,564$2,444,168$2,356,736$2,489,657$2,840,139$2,899,274$3,371,596
Management and general$334,873$266,018$264,812$293,375$327,047$377,818$399,237$421,119
Fundraising$200,513$310,979$288,764$367,971$343,875$323,439$301,910$332,481
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$9,767,770$8,565,048$15,581,112$20,591,319$22,731,553$24,681,210$27,674,829$24,563,004
Excess or (deficit) for the year$-189,344$-1,202,722$6,626,218$4,779,172$1,312,265$991,741$847,153$-241,186
Net assets or fund balances at beginning of year$9,957,114$9,767,770$8,565,048$15,581,112$20,591,319$22,731,553$24,681,210$27,674,829
Other changes in net assets or fund balances$0$0$389,846$231,035$827,969$957,916$2,146,466$-2,870,639
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,125,196$3,371,596$421,119$332,481
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$124,700$50,000$43,450$31,250
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,897,295$1,639,137$91,945$166,213
Pension plan contributions not included above$67,948$57,434$4,823$5,691
Employee benefits not included above$152,965$136,264$7,378$9,323
Payroll taxes$155,503$128,308$12,547$14,648
Professional fundraising fees$12,476$0$0$12,476
Accounting fees$34,800$15,381$19,419$0
Legal fees$0$0$0$0
Supplies$72,193$59,131$9,128$3,934
Telephone$18,565$11,559$7,006$0
Postage and shipping$22,496$8,526$1,799$12,171
Occupancy$140,009$63,133$76,876$0
Equipment rental and maintenance$30,031$20,374$5,172$4,485
Printing and publications$77,213$61,956$7,955$7,302
Travel$7,091$5,681$658$752
Conferences, conventions, and meetings$18,707$9,186$4,502$5,019
Interest$0$0$0$0
Depreciation, depletion, etc.$223,893$198,246$25,647$0
Other expenses not covered above$1,069,311$907,280$102,814$59,217
Balance Sheets
20002001200220032004200520062007
Total assets$9,905,135$8,710,350$15,709,287$20,780,428$23,316,993$24,892,410$27,982,040$24,829,041
Cash - non-interest-bearing$900$500$400$829$95,935$80,533$1,330,069$1,156,761
Savings and temporary cash investments$3,860,342$3,645,015$6,625,231$5,399,896$7,448,953$7,007,762$0$0
Accounts receivable less allowance for doubtful accounts$666,370$217,255$210,195$258,671$201,267$296,404$231,398$281,857
Pledges receivable less allowance for doubtful accounts$0$0$0$0$981,008$0$300,774$169,487
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$62,282$68,350$64,395$52,369$49,512$108,985$113,589$55,895
Investments - publicly-traded securities$21,830,038$19,162,191
Investments - other securities$0$0$0$0$11,771,190$13,008,895$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$4,176,172$4,002,850
Investments - other$4,580,467$4,053,293$7,865,960$10,887,986$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$734,774$725,937$716,740$791,773$2,769,128$3,901,526$0$0
Other assets, including program-related investments$0$0$226,366$3,388,904$0$488,305$0$0
Total liabilities$137,365$145,302$128,175$189,109$585,440$211,200$307,211$266,037
Accounts payable and accrued expenses$114,675$145,302$125,925$181,577$583,190$209,200$307,211$266,037
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$22,690$0$2,250$7,532$2,250$2,000$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$9,905,135$8,710,350$15,709,287$20,780,428$23,316,993$24,892,410$27,982,040$24,829,041
Total net assets or fund balances$9,767,770$8,565,048$15,581,112$20,591,319$22,731,553$24,681,210$27,674,829$24,563,004
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$2,817,882$1,892,839$9,623,962$7,797,254$4,472,844$4,533,137$4,447,574$3,884,010
Total revenue, gains, and other support per audited financial statements$3,085,832$2,173,184$10,279,288$8,234,028$5,526,263$5,722,164$6,860,860$1,216,801
Other expenses$267,950$280,345$655,326$436,774$1,053,419$1,189,027$2,413,286$-2,667,209
Net unrealized gains on investments$0$0$389,846$231,035$827,969$957,916$2,146,466$-2,870,639
Donated services and use of facilities$267,950$280,345$265,480$205,739$225,450$231,111$266,820$203,430
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$3,007,226$3,095,561$2,997,744$3,018,082$3,160,579$3,541,396$3,600,421$4,125,196
Total expenses and losses per audited financial statements$3,275,176$3,375,906$3,263,224$3,223,821$3,386,029$3,772,507$3,867,241$4,328,626
Other revenue$267,950$280,345$265,480$205,739$225,450$231,111$266,820$203,430
Donated services and use of facilities$267,950$280,345$265,480$205,739$225,450$231,111$266,820$203,430
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$125,000$11,037$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200646
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,061,917$1,634,651
Program service revenue
Program service revenue 1000000$000$0$690,282
Program service revenue 2000000$000$0$172,053
Program service revenue 3000000$000$0$83,995
Program service revenue 4000000$000$0$80,841
Program service revenue 5000000$000$0$19,405
Medicare/Medicaid payments000000$000$0$414,599
Fees and contracts from government agencies000000$000$0$173,476
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$27,818$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$874,937$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$154,848$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$4,314$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$93,349$5,197$0
$75,000$1,985$0
$68,124$7,257$0
$63,883$8,703$0
$68,690$3,865$0
Total number of other employees paid over $50,0007
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$3,406,305$3,391,547$1,874,734$9,760,053$6,398,319$4,359,599$4,284,450$4,073,088
Gifts, grants, and contributions received$2,156,185$2,157,123$1,469,438$8,171,322$4,873,363$2,353,380$1,777,158$2,138,291
Membership fees received$19,935$22,234$18,735$26,478$34,600$45,366$59,155$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,048,513$961,801$169,148$1,256,855$1,155,238$1,440,298$1,816,903$1,397,861
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$181,672$250,389$217,413$305,398$335,118$520,555$631,234$536,936
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Western Reserve Area Agency On Aging925 Euclid Ave Ste 600, Cleveland, OH 44115-1405OH1989-12$125,745,001
2Senior Service America Inc8403 Colesville Rd Ste 1200, Silver Spring, MD 20910-6322MD2002-05$107,795,726
3Philadelphia Corporation For Aging642 North Broad Street, Philadelphia, PA 19130-3424PA1973-11$98,357,185
4Jewish Association For Services For The Aged247 West 37th Street 9th Floor, New York, NY 10018-5706NY1969-03$44,441,858
5Area Office On Aging Of Northwestern Ohio Inc2155 Arlington Ave, Toledo, OH 43609-1903OH1980-09$43,739,321
6Southwestern Conn Agency On Aging10 Middle Street 9th Flr, Bridgeport, CT 06604-4257CT1974-10$38,335,164
7Sheltering Arms3838 Aberdeen Way, Houston, TX 77025-2416TX1949-08$37,479,320
8Area Agency On Aging 11 Inc5555 Youngstown Warren Rd Unit 2685, Niles, OH 44446-4820OH1978-02$30,780,636
9Arbor Acres United Methodist Retirement Community Inc1240 Arbor Rd, Winston Salem, NC 27104-1106NC1977-01$25,547,193
10Areawide Council On Aging Of Broward County Inc5300 N Hiatus Rd, Sunrise, FL 33351-8701FL1975-03$22,738,827
11Avenidas450 Bryant St, Palo Alto, CA 94301-1701CA1964-08$21,596,903
12Springwell Inc125 Walnut St, Watertown, MA 02472-4052MA1977-03$19,869,339
13Community Senior Life Inc25819 Canal Rd, Orange Beach, AL 36561-3826AL1990-04$19,847,967
14Seniorsplus8 Falcon Rd, Lewiston, ME 04240-5815ME1983-03$19,551,113
15Self-Help For The Elderly407 Sansome St Ste 300, San Francisco, CA 94111-3104CA1972-01$18,410,411
16Area Agency On Aging Of Southeast Arkansas Inc709 E 8th Ave, Pine Bluff, AR 71601-5010AR1980-06$18,122,645
17American Association Of Retired Persons, Aarp Chapters Group Return601 E St Nw, Washington, DC 20049-0001DC1971-04$16,124,327
18Mountain Empire Older Citizens IncPO BOX 888, Big Stone Gap, VA 24219-0888VA1977-01$12,640,566
19Senior Community Centers Of San Diego525 14th St Ste 200, San Diego, CA 92101-7556CA1973-06$6,384,107
20Area I Agency On Aging434 7th St, Eureka, CA 95501-1803CA1981-02$1,962,078
21Orange Elderly Services Inc170 S Olive St, Orange, CA 92866-1332CA1986-10$1,139,964
22Pasadena Senior Center85 E Holly St, Pasadena, CA 91103-3907CA1961-12$1,008,843
23West Marin Senior ServicesPO BOX 791, Pt Reyes Sta, CA 94956-0791CA1976-07$1,008,187
24Senior Citizens Of Shasta County2290 Benton Dr, Redding, CA 96003-2152CA1993-11$394,506
25Indian Senior Center Incorporated425 N State St, Ukiah, CA 95482-4421CA1985-09$124,600
26Norcal Haven Inc1818 Gilbreth Rd Ste 132, Burlingame, CA 94010-1218CA1983-09$102,350
27Senior Citizens United Inc5905 East Mall, Atascadero, CA 93422-4271CA1974-10$13,013
28Peninsula Volunteers Inc800 Middle Ave, Menlo Park, CA 94025-5121CA1949-04$5,039,110
29On Lok Day Services1333 Bush St, San Francisco, CA 94109-5611CA1994-11$3,305,176
30Norco Senior Citizens And Pet Relief FundPO BOX 663, Norco, CA 92860-0663CA1997-06$16,443
Number of organizations performing similar types of work
Alabama2
Arkansas2
Arizona2
California15
Colorado1
Connecticut4
District of Columbia2
Delaware2
Florida8
Georgia5
Iowa2
Illinois7
Indiana4
Kansas2
Kentucky2
Louisiana2
Massachusetts5
Maryland2
Maine1
Michigan4
Minnesota1
Missouri4
Montana1
North Carolina8
Nebraska3
New Hampshire1
New Jersey3
New Mexico3
Nevada1
New York17
Ohio11
Oklahoma2
Oregon2
Pennsylvania18
Rhode Island1
South Carolina2
South Dakota1
Tennessee3
Texas8
Virginia6
Washington3
Wisconsin4
West Virginia1
Total178

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