Placer Community Foundation FY2021 filing

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

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$184K 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

FY2021 · 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Plus $16.4M in investments, Pt X · Ln 11–13
Looks good: 11.6 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
$283K
1% 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
$5.4M
-29% vs prior year
Spent
$3.2M
To programs
97%
Net assets
$19.3M
By yearFY2020–FY2024
Revenue
$5.4M
FY2021▼ -29%
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
$3.2M
FY2021▼ -38%
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
$19.3M
FY2021▲ +10%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

97 cents of each dollar spent went to programs.

Program services 97% · $3.2M Management & general 2% · $57K Fundraising 1% · $28K

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; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation
$183,982Pt VII · Sec A
Imm Past Chair
$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 →

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.

Questions for Placer Community Foundation

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3 programs · $3.0M · in their own filed words · FY2021
01

Community Needs

Grants provide opportunities for greater community impact in education, health and human services, animal welfare, senior programs, preserving historical landmarks and open space. PCF operated several programs for COVID harm reduction and vaccine outreach.

$2.5Mprogram expense
02

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…

$284Kprogram expense
03

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.

$251Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$2.0M
Fees for servicesLn 2g$93K
Money outPt IX
$3.2M
Ln 25
Programscol B$3.2M
Managementcol C$57K
Fundraisingcol D$28K
Owns and owesPt X
$19.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$19.6M
LiabilitiesLn 26$283K
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$3.3M
Government grantsLn 1e$564K
Noncash giftsLn 1g$478K
Fees for servicesLn 2g$93K
Investment incomeLn 3$2.0M
Gains on assetsLn 7$1.6M
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$595K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$3.1M
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$2K
InvestmentsLn 11–13$16.4M
Other assetsLn 15$26K
Total assetsLn 16$19.6M
LiabilitiesLn 26$283K
Net assetsLn 32$19.3M
OperationsPt I, VI
EmployeesI 56
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$478K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$98K
Share of the $13.7M endowmentSch D 1g0.72%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$13.7M$12.9M$11.8M$10.1M$8.9M
Given inLn 1b$241K$509K$116K$2.4M$390K
SpentLn 1d–1f$577K$452K$506K$479K$1.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.7M$3.1M
InvestmentsLn 11–13$13.9M$16.4M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$17.7M$19.6M
LiabilitiesLn 26$154K$283K
Net assetsLn 32$17.5M$19.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
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$184K$167K$11K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$328K$298K$20K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$68K$62K$4K$2K
Payroll taxesLn 10$38K$34K$2K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$66K$60K$4K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$98K$89K$6K$3K
Other fees for servicesLn 11g$212K$207K$3K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K$5K$325$162
TravelLn 17$11K$10K$361$180
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$2K$2K$105$52
InsuranceLn 23$5K$5K$318$159
Other expenses (24a–d)Ln 24$765K$758K$5K$2K
All other expensesLn 24e$12K$11K$596$297
Total functional expensesLn 25$3.2M$3.2M$57K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 27, 2025 $4.6M$2.5M$2.1M$21.8M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $4.0M$2.8M$1.2M$18.5M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $2.4M$2.7M−$235K$16.2M 990 PDF
FY2021 ViewingFiled with the IRS Nov 14, 2022 $5.4M$3.2M$2.1M$19.3M 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $7.6M$5.2M$2.4M$17.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,383,232 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,021,204$3,339,983
I-9 Program service revenuePrior year $86,477$92,580
I-10 Investment incomePrior year $494,354$1,950,669
I-11 Other revenue$0
I-12 Total revenuePrior year $7,602,035$5,383,232
I-13 Grants and similar amounts paidPrior year $4,312,323$1,449,821
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $553,976$618,087
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $379,468$1,177,161
I-18 Total expensesPrior year $5,245,767$3,245,069
I-19 Revenue less expensesPrior year $2,356,268$2,138,163
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 $5,383,232 across 11 lines filed
VIII-1e Government grants$564,500
VIII-1f All other contributions, gifts and grants$2,775,483
VIII-1g Noncash contributions (included above)$477,606
VIII-1h Total contributions, gifts and grants$3,339,983
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,580$92,580
VIII-3 Investment incomeExcluded from tax $328,606$328,606
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,622,063$1,622,063
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,714,643 · Excluded from tax $328,606$5,383,232
Part IX · Statement of functional expenses $3,245,069 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,449,821$1,449,821
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 $167,424 · Management $11,039 · Fundraising $5,519$183,982
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $298,467 · Management $19,679 · Fundraising $9,840$327,986
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $62,074 · Management $4,093 · Fundraising $2,046$68,213
IX-10 Payroll taxesPrograms $34,495 · Management $2,274 · Fundraising $1,137$37,906
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $59,994 · Management $3,956 · Fundraising $1,978$65,928
IX-11d Lobbying fees$0
IX-11f Investment management feesPrograms $89,278 · Management $5,886 · Fundraising $2,944$98,108
IX-11g Other fees for servicesPrograms $207,013 · Management $3,455 · Fundraising $1,727$212,195
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,925 · Management $325 · Fundraising $162$5,412
IX-17 TravelPrograms $10,260 · Management $361 · Fundraising $180$10,801
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 $1,589 · Management $105 · Fundraising $52$1,746
IX-23 InsurancePrograms $4,829 · Management $318 · Fundraising $159$5,306
IX-24 Other expenses (24a–d)Programs $758,238 · Management $4,787 · Fundraising $2,393$765,418
IX-24e All other expensesPrograms $11,354 · Management $596 · Fundraising $297$12,247
IX-25 Total functional expensesPrograms $3,159,761 · Management $56,874 · Fundraising $28,434$3,245,069
Part X · Balance sheet $19,564,863 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $1,172,122$594,517
X-2 Savings and temporary cash investmentsStart of year $2,577,723$2,534,896
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans 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 $3,394$1,643
X-11 Publicly traded securitiesStart of year $13,933,157$16,404,046
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,750$26,454
X-16 Total assetsStart of year $17,694,453$19,564,863
X-17 Accounts payable and accrued expensesStart of year $68,167$271,398
X-19 Deferred revenueStart of year $18,975$12,100
X-26 Total liabilitiesStart of year $154,142$283,498
X-27 Net assets without donor restrictionsStart of year $4,693,497$5,623,637
X-28 Net assets with donor restrictionsStart of year $12,846,814$13,657,728
X-32 Total net assets or fund balancesStart of year $17,540,311$19,281,365
X-33 Total liabilities and net assetsStart of year $17,694,453$19,564,863
Part XI · Reconciliation of net assets $19,281,365 net assets at year end
XI-1 Total revenue$5,383,232
XI-2 Total expenses$3,245,069
XI-3 Revenue less expenses$2,138,163
XI-4 Net assets at start of year$17,540,311
XI-5 Net unrealized gains (losses) on investments−$397,109
XI-10 Net assets at end of year$19,281,365

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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