Placer Community Foundation FY2020 filing

Tax-deductible

Auburn, CA501(c)(3)Foundations & GrantmakersEIN 20-1485011Revenue $7.6M in FY2020

On file with the IRSplacercf.orgPo Box 9207, 95604-9207 · Auburn, CATax-exempt since Aug 2005Publicly supported charity — 170(b)(1)(A)(vi)

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The Placer Community Foundation grows local giving to strengthen our community.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$169K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.5M a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$169K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $209K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$154K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
Spent
$5.2M
To programs
98%
Net assets
$17.5M
By yearFY2020–FY2024
Revenue
$7.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$5.4M
FY2022$2.4M
FY2023$4.0M
FY2024$4.6M
Expenses
$5.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.2M
FY2021$3.2M
FY2022$2.7M
FY2023$2.8M
FY2024$2.5M
Net assets
$17.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$17.5M
FY2021$19.3M
FY2022$16.2M
FY2023$18.5M
FY2024$21.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2005.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $5.2M Management & general 1% · $62K Fundraising 1% · $27K

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

14 people listed on the 990; $169K paid to officers and key staff.

Part VII, Section A · reportable compensation
$169,389Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
2nd Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Veronica Blake’s $208K as CEO is at the 84th percentile of top reported officer pay among 1690 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Veronica Blake$207,717$196,024$184,547$183,982$169,389

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 Placer 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

Grows local giving and awards grants to strengthen the community, sustain nonprofit arts organizations, and enhance visual arts programs in Placer County.

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Provided by the organization

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3 programs · $4.9M · in their own filed words · FY2020
01

Community Needs

Grants provide opportunities for greater community impact in education, health and human services, animal welfare, senior programs, preserving historic landmarks and open space. Covid response grants totaled over $3.6 million with emphasis on food security, mental health and rental assistance.

$3.9Mprogram expense
02

Youth Development

Grants supporting the needs of at-risk and economically disadvantaged youth in Placer County are awarded. Scholarship funds are awarded to students who are pursuing further education in a vocational, college or university setting.

$600Kprogram expense
03

Community Leadership Nonprofit Initiative helps local nonprofits thrive and grow through high quality training and technical assistance. Annual leadership summit brings nationally known experts who provide training in best practices in governance and fundraising for over 200 volunteers who serve on boards of directors of nonprofits in…

$457Kprogram 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
Total grants receivedfrom 3 funders$209K
See all 3 funders →
Grants paid · 325 grants · $9.7M · 2020–2024
Auburn Community FoundationCA · FY2024$180,656
Auburn SymphonyCA · FY2024$53,590
Placer Artists TourCA · FY2024$47,800
Latino Leadership CouncilCA · FY2024$38,000
Blue Line ArtsCA · FY2024$30,680
Placer Land TrustCA · FY2024$30,500
Stand Up Placer INCCA · FY2024$25,100
Landing Spot INCCA · FY2024$25,000
Almost Free to AllCA · FY2024$22,000
The Gathering InnCA · FY2024$21,400
See all 325 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.0M
Investment incomeLn 3$494K
Fees for servicesLn 2g$86K
Money outPt IX
$5.2M
Ln 25
Programscol B$5.2M
Managementcol C$62K
Fundraisingcol D$27K
Owns and owesPt X
$17.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$17.7M
LiabilitiesLn 26$154K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.0M
Government grantsLn 1e$85K
Noncash giftsLn 1g$1.0M
Fees for servicesLn 2g$86K
Investment incomeLn 3$494K
Gains on assetsLn 7$246K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$13.9M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$5K
Total assetsLn 16$17.7M
LiabilitiesLn 26$154K
Net assetsLn 32$17.5M
OperationsPt I, VI
EmployeesI 56
VolunteersI 630
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 FY20End FY20
Cash and savingsLn 1–2$1.6M$3.7M
InvestmentsLn 11–13$13.0M$13.9M
Land, buildings, equipmentLn 10c$2K$3K
Total assetsLn 16$14.6M$17.7M
LiabilitiesLn 26$96K$154K
Net assetsLn 32$14.5M$17.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.3M$4.3M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$196K$177K$14K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$263K$237K$18K$8K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$60K$54K$4K$2K
Payroll taxesLn 10$34K$31K$2K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$61K$55K$4K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$84K$76K$6K$3K
Other fees for servicesLn 11g$86K$82K$3K$1K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K$4K$327$140
TravelLn 17$9K$8K$596$255
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$2K$194$86
InsuranceLn 23$5K$4K$337$145
Other expenses (24a–d)Ln 24$107K$96K$7K$3K
All other expensesLn 24e$21K$19K$1K$618
Total functional expensesLn 25$5.2M$5.2M$62K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.6M$2.5M$2.1M$21.8M 990 PDF
FY2023 $4.0M$2.8M$1.2M$18.5M 990 PDF
FY2022 $2.4M$2.7M−$235K$16.2M 990 PDF
FY2021 $5.4M$3.2M$2.1M$19.3M 990 PDF
FY2020 Viewing $7.6M$5.2M$2.4M$17.5M 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 FY2020 990 (6 parts)
Part I · Summary $7,602,035 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,532,297$7,021,204
I-9 Program service revenuePrior year $86,750$86,477
I-10 Investment incomePrior year $404,870$494,354
I-11 Other revenue$0
I-12 Total revenuePrior year $2,023,917$7,602,035
I-13 Grants and similar amounts paidPrior year $885,745$4,312,323
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $458,209$553,976
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $304,840$379,468
I-18 Total expensesPrior year $1,648,794$5,245,767
I-19 Revenue less expensesPrior year $375,123$2,356,268
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $7,602,035 across 11 lines filed
VIII-1e Government grants$85,000
VIII-1f All other contributions, gifts and grants$6,936,204
VIII-1g Noncash contributions (included above)$1,045,582
VIII-1h Total contributions, gifts and grants$7,021,204
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,477$86,477
VIII-3 Investment incomeExcluded from tax $248,538$248,538
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $245,816$245,816
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $332,293 · Excluded from tax $248,538$7,602,035
Part IX · Statement of functional expenses $5,245,767 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $4,312,323$4,312,323
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $176,750 · Management $13,747 · Fundraising $5,892$196,389
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $236,815 · Management $18,419 · Fundraising $7,894$263,128
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $54,258 · Management $4,220 · Fundraising $1,809$60,287
IX-10 Payroll taxesPrograms $30,755 · Management $2,392 · Fundraising $1,025$34,172
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $54,754 · Management $4,259 · Fundraising $1,825$60,838
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $75,887 · Management $5,902 · Fundraising $2,530$84,319
IX-11g Other fees for servicesPrograms $82,493 · Management $2,636 · Fundraising $1,130$86,259
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,210 · Management $327 · Fundraising $140$4,677
IX-17 TravelPrograms $7,658 · Management $596 · Fundraising $255$8,509
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,496 · Management $194 · Fundraising $86$2,776
IX-23 InsurancePrograms $4,337 · Management $337 · Fundraising $145$4,819
IX-24 Other expenses (24a–d)Programs $96,004 · Management $7,466 · Fundraising $3,200$106,670
IX-24e All other expensesPrograms $18,541 · Management $1,442 · Fundraising $618$20,601
IX-25 Total functional expensesPrograms $5,157,281 · Management $61,937 · Fundraising $26,549$5,245,767
Part X · Balance sheet $17,694,453 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $243,755$1,172,122
X-2 Savings and temporary cash investmentsStart of year $1,314,722$2,577,723
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,307$3,307
X-10c Land, buildings and equipment, netStart of year $2,211$3,394
X-11 Publicly traded securitiesStart of year $13,019,169$13,933,157
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,751$4,750
X-16 Total assetsStart of year $14,587,915$17,694,453
X-17 Accounts payable and accrued expensesStart of year $78,159$68,167
X-19 Deferred revenueStart of year $17,950$18,975
X-25 Other liabilities$67,000
X-26 Total liabilitiesStart of year $96,109$154,142
X-27 Net assets without donor restrictionsStart of year $2,665,959$4,693,497
X-28 Net assets with donor restrictionsStart of year $11,825,847$12,846,814
X-32 Total net assets or fund balancesStart of year $14,491,806$17,540,311
X-33 Total liabilities and net assetsStart of year $14,587,915$17,694,453
Part XI · Reconciliation of net assets $17,540,311 net assets at year end
XI-1 Total revenue$7,602,035
XI-2 Total expenses$5,245,767
XI-3 Revenue less expenses$2,356,268
XI-4 Net assets at start of year$14,491,806
XI-5 Net unrealized gains (losses) on investments$692,237
XI-10 Net assets at end of year$17,540,311

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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