Pasadena Community Foundation FY2024 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 1953Foundations & GrantmakersEIN 20-0253310Revenue $23.6M in FY2024

On file with the IRSpasadenacf.org301 E Colorado Blvd Ste 810, 91101-1994 · Pasadena, CATax-exempt since Jan 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Pasadena Community Foundation builds and preserves permanently endowed charitable funds, provides grants and assistance to nurture and strengthen community organizations, serves donors to meet their philanthropic goals and promotes and participates in community partnerships. These grants include PCF, Donor Advised and Field of Interest Grants.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$809K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $13.7M a year · 48% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$809K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
55 mo
of spending, in cash
Looks good: 55.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $1.2M
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$18.0M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.6M
+43% vs prior year
Spent
$11.8M
To programs
87%
Net assets
$169.5M
By yearFY2020–FY2025
Revenue
$23.6M
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.1M
FY2021$33.0M
FY2022$14.4M
FY2023$16.5M
FY2024$23.6M
FY2025$61.8M
Expenses
$11.8M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.0M
FY2021$9.7M
FY2022$11.6M
FY2023$10.2M
FY2024$11.8M
FY2025$34.1M
Net assets
$169.5M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$124.6M
FY2021$153.6M
FY2022$128.4M
FY2023$148.5M
FY2024$169.5M
FY2025$209.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $10.2M Management & general 6% · $747K Fundraising 7% · $826K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $809K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$284,723Pt VII · Sec A
$249,051Pt VII · Sec A
Director of Development
$141,220Pt VII · Sec A
Director of Programs
$134,141Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mariver Copeland’s $286K as CFO is at the 66th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mariver Copeland$286,240$249,051$205,570$202,725$176,612$156,732
Jennifer Devoll$163,255$284,723$241,511$227,170$206,206$218,591
Khanh Duy Russo$187,559—————
Elizabeth Alergimissen—$141,220$165,275$147,630——
Jeannine Bogaard$157,216—————
Jeanine Bogaard—$134,141$129,513$100,354——
Sarah Hilbert$122,556—————
Clavijo Katherine————$100,335—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pasadena Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages charitable endowments and provides grants and services to local nonprofits and community partnerships to enrich lives in the greater Pasadena area.

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Provided by the organization

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1 program · $10.2M · in their own filed words · FY2024
01

PCF strives to improve and enrich lives of people in the greater Pasadena area through: the establishment and management of charitable funds with an emphasis on permanently endowed funds that benefit the local community, providing grants and services to non-profits, working with donors and engaging in community partnerships.

$10.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 10 funders →
Grants paid · 1,432 grants · $66.8M · 2020–2025
Altadena Builds Back FoundationCA · FY2025$5,010,619
California Community FoundationCA · FY2025$1,040,000
Door of HopeCA · FY2025$775,000
Greenline Housing FoundationCA · FY2025$735,670
Beacon Housing INCCA · FY2025$620,400
Pasadena Humane SocietyCA · FY2025$451,177
Smile Train INCNY · FY2025$413,433
Wounded Warrior Project INCFL · FY2025$409,933
Union Rescue MissionCA · FY2025$408,833
ASPCANY · FY2025$408,433
Special Olympics INCDC · FY2025$408,333
See all 1,432 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$23.6M
Ln 12
Gifts and grantsLn 1h$14.8M
Investment incomeLn 3$8.8M
Other incomeLn 4–11$30K
Money outPt IX
$11.8M
Ln 25
Programscol B$10.2M
Managementcol C$747K
Fundraisingcol D$826K
Owns and owesPt X
$169.5M
net assets · Ln 32
Cash and savingsLn 1–2$54.5M
Total assetsLn 16$187.5M
LiabilitiesLn 26$18.0M
PeoplePt VI, VII
23
listed · VII A
PaidVII A4
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.8M
Noncash giftsLn 1g$6.4M
Investment incomeLn 3$8.8M
Other incomeLn 4–11$30K
Gains on assetsLn 7$1.2M
Total revenueLn 12$23.6M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$53.2M
Cash and savings togetherLn 1–2$54.5M
InvestmentsLn 11–13$132.6M
Other assetsLn 15$393K
Total assetsLn 16$187.5M
LiabilitiesLn 26$18.0M
Net assetsLn 32$169.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.1M$54.5M
InvestmentsLn 11–13$147.6M$132.6M
Total assetsLn 16$156.2M$187.5M
LiabilitiesLn 26$7.7M$18.0M
Net assetsLn 32$148.5M$169.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.4M$9.4M
Pay of current officers, directors and key staffLn 5$661K$203K$222K$236K
Other salaries and wagesLn 7$702K$323K$172K$207K
Pension plan contributionsLn 8$50K$30K$8K$12K
Other employee benefitsLn 9$44K$17K$13K$13K
Payroll taxesLn 10$95K$37K$27K$31K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$26K$10K$16K
Investment management feesLn 11f$159K$159K
Other fees for servicesLn 11g$90K$32K$16K$42K
Advertising and promotionLn 12$124K$124K
Office expensesLn 13$96K$38K$27K$31K
Information technologyLn 14$98K$39K$28K$32K
OccupancyLn 16$99K$39K$28K$32K
Conferences, conventions and meetingsLn 19$39K$15K$11K$12K
InsuranceLn 23$22K$9K$6K$7K
Other expenses (24a–d)Ln 24$64K$10K$7K$46K
Total functional expensesLn 25$11.8M$10.2M$747K$826K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61.8M$34.1M$27.7M$209.3M 990 PDF
FY2024 Viewing $23.6M$11.8M$11.8M$169.5M 990 PDF
FY2023 $16.5M$10.2M$6.3M$148.5M 990 PDF
FY2022 $14.4M$11.6M$2.8M$128.4M 990 PDF
FY2021 $33.0M$9.7M$23.3M$153.6M 990 PDF
FY2020 $20.1M$10.0M$10.1M$124.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $23,617,491 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,433,213$14,790,097
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,037,636$8,797,037
I-11 Other revenuePrior year $65,067$30,357
I-12 Total revenuePrior year $16,535,916$23,617,491
I-13 Grants and similar amounts paidPrior year $8,087,550$9,421,107
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,514,027$1,552,876
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $630,440$822,685
I-18 Total expensesPrior year $10,232,017$11,796,668
I-19 Revenue less expensesPrior year $6,303,899$11,820,823
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $23,617,491 across 8 lines filed
VIII-1d Related organizations$5,580,000
VIII-1f All other contributions, gifts and grants$9,210,097
VIII-1g Noncash contributions (included above)$6,365,506
VIII-1h Total contributions, gifts and grants$14,790,097
VIII-3 Investment incomeExcluded from tax $7,572,227$7,572,227
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,224,810$1,224,810
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $30,357$30,357
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,827,394$23,617,491
Part IX · Statement of functional expenses $11,796,668 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $9,421,107$9,421,107
IX-5 Pay of current officers, directors and key staffPrograms $203,188 · Management $221,892 · Fundraising $236,256$661,336
IX-7 Other salaries and wagesPrograms $322,785 · Management $172,425 · Fundraising $206,894$702,104
IX-8 Pension plan contributionsPrograms $30,477 · Management $7,697 · Fundraising $12,130$50,304
IX-9 Other employee benefitsPrograms $17,460 · Management $13,375 · Fundraising $13,399$44,234
IX-10 Payroll taxesPrograms $37,355 · Management $27,037 · Fundraising $30,506$94,898
IX-11b Legal feesManagement $5,490$5,490
IX-11c Accounting feesPrograms $10,431 · Management $16,069$26,500
IX-11f Investment management feesManagement $158,993$158,993
IX-11g Other fees for servicesPrograms $31,969 · Management $15,861 · Fundraising $42,220$90,050
IX-12 Advertising and promotionFundraising $124,452$124,452
IX-13 Office expensesPrograms $37,646 · Management $27,249 · Fundraising $30,745$95,640
IX-14 Information technologyPrograms $38,687 · Management $28,001 · Fundraising $31,593$98,281
IX-16 OccupancyPrograms $38,789 · Management $28,075 · Fundraising $31,677$98,541
IX-19 Conferences, conventions and meetingsPrograms $15,231 · Management $11,024 · Fundraising $12,438$38,693
IX-23 InsurancePrograms $8,705 · Management $6,301 · Fundraising $7,109$22,115
IX-24 Other expenses (24a–d)Programs $10,301 · Management $7,456 · Fundraising $46,173$63,930
IX-25 Total functional expensesPrograms $10,224,131 · Management $746,945 · Fundraising $825,592$11,796,668
Part X · Balance sheet $187,499,474 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $746,830$1,242,653
X-2 Savings and temporary cash investmentsStart of year $7,338,851$53,245,236
X-4 Accounts receivableStart of year $120$0
X-9 Prepaid expenses and deferred chargesStart of year $10,003$9,634
X-11 Publicly traded securitiesStart of year $147,271,170$132,607,922
X-12 Other securitiesStart of year $296,876$617
X-15 Other assetsStart of year $522,520$393,412
X-16 Total assetsStart of year $156,186,370$187,499,474
X-17 Accounts payable and accrued expensesStart of year $1,020,172$1,274,963
X-25 Other liabilitiesStart of year $6,633,465$16,734,434
X-26 Total liabilitiesStart of year $7,653,637$18,009,397
X-27 Net assets without donor restrictionsStart of year $59,613,671$71,754,759
X-28 Net assets with donor restrictionsStart of year $88,919,062$97,735,318
X-32 Total net assets or fund balancesStart of year $148,532,733$169,490,077
X-33 Total liabilities and net assetsStart of year $156,186,370$187,499,474
Part XI · Reconciliation of net assets $169,490,077 net assets at year end
XI-1 Total revenue$23,617,491
XI-2 Total expenses$11,796,668
XI-3 Revenue less expenses$11,820,823
XI-4 Net assets at start of year$148,532,733
XI-5 Net unrealized gains (losses) on investments$9,136,521
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$169,490,077

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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