Community Foundation Santa Cruz County in Aptos, California (CA)

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Community Foundation Santa Cruz County
Employer Identification Number (EIN)942808039
Name of OrganizationCommunity Foundation Santa Cruz County
Address7807 Soquel Dr, Aptos, CA 95003-3914
ActivitiesCommunity Chest, United Way, etc.
SubsectionCharitable Organization
Ruling Date05/1982
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 Period12/2010
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$50,596,841
Amount of Income$19,237,683
Form 990 Revenue Amount$7,337,194
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2010: $19,237,683
Community Foundation Santa Cruz County: 

 $19,237,683
Other organizations performing similar types of work: 

 $134,793

Assets in 2010: $50,596,841
Community Foundation Santa Cruz County: 

 $50,596,841
Other organizations performing similar types of work: 

 $237,750

Expenses in 2007: $6,577,375
This organization: 

 $6,577,375
Other organizations performing similar types of work: 

 $2,567,949

Income to expenses ratio in 2007: 1.4
This organization: 

 1.4
Other organizations performing similar types of work: 

 1.9

Expenses allocated to program services in 2007: 90.2%
Community Foundation Santa Cruz County: 

 90.2%
Other organizations performing similar types of work: 

 86.7%

Number of employees in 2007: 11
Community Foundation Santa Cruz County: 

 11
Other organizations performing similar types of work: 

 6

Employees paid over $50,000 in 2007: 54.5%
This organization: 

 54.5%
Other organizations performing similar types of work: 

 33.3%

Grants share in income in 2007: 85.4%
This organization: 

 85.4%
Other organizations performing similar types of work: 

 73.5%

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$7,262,476$9,365,574$1,429,964$8,224,169$5,309,727$7,368,913$7,959,535$9,474,859
Contributions, gifts, grants, and similar amounts received$4,516,086$8,433,316$2,657,900$7,122,664$4,478,557$6,471,082$6,899,864$8,093,491
Contributions to donor advised funds$0$0
Direct public support$4,516,086$8,433,316$2,657,900$7,122,664$4,478,557$6,471,082$6,899,864$8,093,491
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$711,482$665,945$469,554$424,642$424,729$359,725$324,768$307,361
Dividends and interest from securities$156,612$188,691$228,542$221,790$378,899$508,393$697,029$966,867
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$1,522,373$-368,132$-2,249,333$46,721$0$0$0$0
Gross amount from sales of assets other than inventory$1,522,373$0$0$46,721$148,215$0$0$0
Less: cost or other basis and sales expenses$0$368,132$2,249,333$0$148,215$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
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$355,923$445,754$323,301$408,352$27,542$29,713$37,874$107,140
Total expenses$2,932,395$3,121,107$3,673,241$4,317,394$4,177,776$5,196,270$5,514,373$6,577,375
Program services$2,158,449$2,574,523$3,095,529$3,455,914$3,670,200$4,630,718$5,098,011$5,932,658
Management and general$351,235$212,560$273,654$410,858$280,885$352,926$191,526$241,483
Fundraising$422,711$334,024$304,058$450,622$226,691$212,626$224,836$403,234
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$19,230,608$24,012,375$19,583,420$26,571,271$29,627,938$32,502,656$37,648,986$41,417,041
Excess or (deficit) for the year$4,330,081$6,244,467$-2,243,277$3,906,775$1,131,951$2,172,643$2,445,162$2,897,484
Net assets or fund balances at beginning of year$17,550,893$19,230,608$24,012,375$19,583,420$26,571,271$29,627,938$32,502,656$37,648,986
Other changes in net assets or fund balances$-2,650,366$-1,462,700$-2,185,678$3,081,076$1,924,716$702,075$2,701,168$870,571
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$6,577,375$5,932,658$241,483$403,234
Grants paid from donor advised funds$0
Other grants and allocations$5,247,093
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$124,020$27,284$24,804$71,932
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$529,485$307,429$93,954$128,102
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$117,350$62,550$21,173$33,627
Payroll taxes$52,070$26,835$9,452$15,783
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$92,383$47,610$16,770$28,003
Equipment rental and maintenance$62,093$31,999$11,272$18,822
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$43,314$22,321$7,864$13,129
Interest$0$0$0$0
Depreciation, depletion, etc.$9,588$4,942$1,740$2,906
Other expenses not covered above$299,979$154,595$54,454$90,930
Balance Sheets
20002001200220032004200520062007
Total assets$20,299,098$25,348,875$21,046,909$28,383,270$31,767,568$34,912,916$41,455,793$45,720,560
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$2,111,768$3,080,382$3,127,873$1,314,041$1,053,709$1,966,729$2,372,346$876,597
Accounts receivable less allowance for doubtful accounts$0$0$0$2,506$0$0$0$42,806
Pledges receivable less allowance for doubtful accounts$18,000$17,000$284,282$370,610$335,918$271,209$159,044$113,684
Grants receivable$521,153$863,161$179,829$1,258,042$1,134,449$457,135$1,172,315$1,573,016
Receivables from current and former officers, directors, trustees, and key employees$15,628$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$163,400$169,000$176,000$58,377$25,772$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$3,386$7,775$18,788$19,823$23,109$20,734$17,775$26,535
Investments - publicly-traded securities$36,329,956$41,907,854
Investments - other securities$17,321,967$20,152,034$16,955,946$25,092,769$28,806,032$31,796,266$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$725,000$0$0$0$0$0$0
Investments - other$29,849$25,611$138,436$148,215$0$0$30,000$30,000
Land, buildings, and equipment less accumulated depreciation$90,970$136,345$138,893$83,093$55,164$41,654$963,673$1,093,573
Other assets, including program-related investments$22,977$172,567$26,862$35,794$333,415$359,189$410,684$56,495
Total liabilities$1,068,490$1,336,500$1,463,489$1,811,999$2,139,630$2,410,260$3,806,807$4,303,519
Accounts payable and accrued expenses$13,123$50,100$29,272$22,389$23,515$66,752$70,563$119,115
Grants payable$507,381$592,748$617,774$821,358$805,773$881,160$975,684$722,795
Deferred revenue$0$0$0$0$0$0$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$547,986$693,652$816,443$968,252$1,310,342$1,462,348$2,760,560$3,461,609
Total liabilities and net assets/fund balances$20,299,098$25,348,875$21,046,909$28,383,270$31,767,568$34,912,916$41,455,793$45,720,560
Total net assets or fund balances$19,230,608$24,012,375$19,583,420$26,571,271$29,627,938$32,502,656$37,648,986$41,417,041
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$7,262,476$9,365,574$1,429,964$8,224,169$5,309,727$7,368,913$7,959,535$9,474,859
Total revenue, gains, and other support per audited financial statements$5,102,188$7,902,874$-712,868$11,305,245$7,234,443$8,070,988$10,510,293$10,345,430
Other expenses$-2,160,288$-1,462,700$-2,142,832$3,081,076$1,924,716$702,075$2,550,758$870,571
Net unrealized gains on investments$-2,160,288$-1,462,700$-2,142,832$3,081,076$1,924,716$702,075$2,550,758$870,571
Donated services and use of facilities$0$0$0$0$0$0$0$0
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$2,932,395$3,121,107$3,673,241$4,317,394$4,177,776$5,196,270$5,514,373$6,577,375
Total expenses and losses per audited financial statements$2,932,395$3,121,107$3,673,241$4,317,394$4,177,776$5,196,270$5,514,373$6,577,375
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
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$117,000$7,020$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
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, 200611
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$1,381,368$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
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)$307,361$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)$966,867$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$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$107,140$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$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
$94,149$5,649$0
$50,334$3,020$0
$82,892$4,974$0
$69,562$4,174$0
$51,915$3,115$0
Total number of other employees paid over $50,0000
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?Yes
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$63
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$14,709,167
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$141
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$17,653,892
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$3,775,539$5,740,103$9,733,706$3,638,725$8,224,169$6,029,435$6,754,090$7,959,535
Gifts, grants, and contributions received$2,981,487$4,516,086$8,419,951$2,617,328$7,122,664$5,198,265$5,856,259$6,899,864
Membership fees received$0$0$0$0$0$0$0$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$0$0$0$0$0$0$0$0
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$494,075$868,094$854,636$698,096$646,432$803,628$868,118$1,021,797
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$299,977$355,923$459,119$323,301$455,073$27,542$29,713$37,874
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
1Silicon Valley Community Foundation2440 West El Camino Real, Mountain View, CA 94040-1497CA2006-10$810,778,968
2The Rhode Island Community FoundationOne Union Station, Providence, RI 02903-1758RI1985-06$412,631,304
3Santa Barbara Foundation15 E Carrillo St, Santa Barbara, CA 93101-2706CA1938-05$110,177,726
4Community Foundation Santa Cruz County7807 Soquel Dr, Aptos, CA 95003-3914CA1982-05$19,237,683
5Community Foundation Of The Napa Valley3299 Claremont Way Ste 2, Napa, CA 94558-3382CA1995-08$9,890,344
6Jewish Community Foundation Of Orange County1 Federation Way Ste 210, Irvine, CA 92603-0174CA1981-12$7,521,516
7Pasadena Community Foundation260 S Los Robles Ave Ste 119, Pasadena, CA 91101-2869CA2004-01$5,678,495
8Howard Community Healthcare Foundation Inc42 Madrone St, Willits, CA 95490-4206CA2005-12$378,115
9Good Samaritan Society Inc2470 Stearns St Pmb 381, Simi Valley, CA 93063-2418CA1994-12$203,423
10Lions Club Of San Pedro Foundation1901 S Pacific Ave, San Pedro, CA 90731CA1994-10$17,402
11International Community Foundation2505 N Ave, National City, CA 91950-6019CA1994-10$15,060,474
12Jewish Community Foundation300 Grand Ave, Oakland, CA 94610-4826CA1965-01$10,385,547
13Los Altos Community Foundation183 Hillview Ave, Los Altos, CA 94022-3742CA1996-10$8,237,518
14Community Foundation Of The Verdugos330 Arden Ave Ste 130, Glendale, CA 91203-1176CA1958-12$5,030,197
15J W Hansen Community Foundation A Delaware CorpPO BOX 889, Woodbridge, CA 95258-0889CA2001-05$4,938,325
16North Valley Community Foundation3120 Cohasset Road, Chico, CA 95973-0978CA1994-04$4,825,853
17Childrens Medical Research Charities Of America1100 Larkspur Landing Circle, Larkspur, CA 94939-1827CA2004-09$4,201,393
18Parsa Community Foundation1600 Villa St Apt 273, Mountain View, CA 94041-1173CA2006-05$3,668,553
19Community Foundation Of San Joaquin217 N San Joaquin St, Stockton, CA 95202-2408CA2008-03$3,525,508
20Maison Chance Usa Inc8811 Shasta Lily Dr, Elk Grove, CA 95624-3895CA2008-09$3,116,626
21Desert Community Foundation75-105 Merle Street, Palm Desert, CA 92211-5212CA1999-07$2,864,605
22Mountains Community Hospital FoundationPO BOX 70, Lk Arrowhead, CA 92352-0070CA1995-11$2,538,476
23Laguna Beach Community FoundationPo Box 869, Laguna Beach, CA 92652-0869CA2006-07$2,190,927
24Placer Community FoundationPO BOX 9207, Auburn, CA 95604-9207CA2005-08$1,958,062
25Kern Community Foundation, Community Fdn Serving Kern County3300 Truxtun Ave Ste 220, Bakersfield, CA 93301-3145CA2001-10$1,546,362
26Community Foundation Of San Benito CountyPO BOX 2062, Hollister, CA 95024-2062CA1996-11$1,388,522
27High Desert Community FoundationPO BOX 2028, Apple Valley, CA 92307-0039CA1992-01$1,214,071
28Nehemiah Community Foundation Inc640 Bercut Dr Ste A, Sacramento, CA 95811-0131CA2001-02$1,079,010
29California Foundation For Stronger Communities2111 Palomar Airport Rd Ste 320, Carlsbad, CA 92011-1421CA2006-06$991,737
30El Dorado Community FoundationPO BOX 1388, Placerville, CA 95667-1388CA1994-12$990,453
Number of organizations performing similar types of work
Alaska8
Alabama38
Arkansas16
Arizona42
California284
Colorado68
Connecticut47
District of Columbia17
Delaware5
Florida110
Georgia68
Hawaii14
Iowa83
Idaho14
Illinois105
Indiana71
Kansas47
Kentucky21
Louisiana22
Massachusetts69
Maryland68
Maine14
Michigan110
Minnesota55
Missouri41
Mississippi22
Montana35
North Carolina62
North Dakota8
Nebraska43
New Hampshire10
New Jersey77
New Mexico16
Nevada20
New York152
Ohio119
Oklahoma30
Oregon54
Pennsylvania109
Rhode Island20
South Carolina33
South Dakota8
Tennessee32
Texas162
Utah22
Virginia59
Vermont11
Washington61
Wisconsin74
West Virginia20
Wyoming9
International6
Total2,711

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