Martinez Community Foundation EIN 68-0315828 Form 990 (PDF) Claim this org

Martinez Community Foundation

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Funds local projects and programs to improve community life for current and future residents. For fiscal year 2023 it reported $19K in revenue, $17K in expenses, and $472K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Martinez, CA
Website
www.martinezcommunityfoundation.org
Filings
4 on file (2020–2023)
Revenue
$19KFY2023
Expenses
$17K
Net assets
$472K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  68-0315828 Public foundation / grantmaker Martinez, CA
Form 990 (PDF)
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Size
<$100K
What they do
Funds local projects and programs to improve community life for current and future residents.
Leadership
Stuart McCullough · President
Money in and out
$19K revenue, $17K expenses
Bottom line
67% program efficiency
Grants paid & assets · FY2023
Total revenue
$19K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$472K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Program efficiency
67%
of spending reaches programs▲ +744% vs prior filing year
Operating runway
328.4mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -85% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$19K
FY2023▼ -25%
Expenses
$17K
FY2023▲ +150%
Total assets
$472K
FY2023+0.4%
Total liabilities
$0
FY2023
Total revenue
$19K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$472K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$472K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMartinez Community Foundation
EINHdr · item D68-0315828
Principal addressHdr · item CMartinez, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFNov 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Martinez Community Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $11K of program spending, described in the organization's own filed words · FY2022.
01

Established in 1993, the Martinez Community Foundation MCF supports projects and programs that benefit the Martinez community in the areas of cultural and community celebrations, community services, economic development, education and the environment.

$11Kprogram expense

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Statement of Revenue

Part VIII
Investment income$10K · 53%
Contributions & grants$9K · 47%
Investment income53%$10K
Contributions & grants47%$9K
Total revenueLn 12$19K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$11K
Management & general33%$6K
Total functional expensesLn 25$17K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$472K
Total liabilitiesLn 26$0
Total net assetsLn 32$472K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $472K · Operating expenses/yr $17K
328.4 months
Where the money goes
Program services
Program services $11K · Total expenses $17K
67%
Management & General
Management & general $6K · Total expenses $17K
33%
Fundraising
Fundraising $0 · Total expenses $17K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $19K
47%
Government reliance
Government grants — · Total revenue $19K
Earned-income share
Program service revenue $0 · Total revenue $19K
0%
Investment reliance
Investment income $10K · Total revenue $19K
+53%
Program self-sufficiency
Program service revenue $0 · Total expenses $17K
0%
Growth & trend
Revenue growth (YoY)
This year $19K · Prior year $26K
-25%
Net-asset trend (YoY)
End of year $472K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19K · Expenses $17K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $472K
Net-asset ratio
Net assets $472K · Total assets $472K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $464K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $472K
98%
People & payroll
Highest Reported Total Compensation
Individual Stuart McCullough · Reported title President · Highest reported compensation $0 · Total expenses $17K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $17K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth -25%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$422K
Grants paid · 2 grants · $23K · 2020–2020
Martinez School DistrictFY2020$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$19K revenue · viewing · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$84K revenue · ⤓ 990 PDF
FY2020$3K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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