Los Altos Community Foundation FY2022 filing

Tax-deductible

Los Altos, CA501(c)(3)Since 1991Foundations & GrantmakersEIN 77-0273721Revenue $9.7M in FY2022

On file with the IRSlosaltoscf.org183 Hillview Ave, 94022-3742 · Los Altos, CATax-exempt since Oct 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Improve the local Community through grantmaking, Community programs, and donor advised funds.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$118K 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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FY2022 · 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
5 of 6
filings with a surplus
Average surplus $3.2M a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$118K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$329K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.7M
+61% vs prior year
Spent
$6.1M
To programs
94%
Net assets
$24.5M
By yearFY2020–FY2025
Revenue
$9.7M
FY2022▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.2M
FY2021$6.0M
FY2022$9.7M
FY2023$7.4M
FY2024$7.9M
FY2025$91.8M
Expenses
$6.1M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.8M
FY2021$5.5M
FY2022$6.1M
FY2023$7.7M
FY2024$7.5M
FY2025$82.2M
Net assets
$24.5M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.8M
FY2021$26.9M
FY2022$24.5M
FY2023$25.3M
FY2024$27.1M
FY2025$38.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1996.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $5.7M Management & general 1% · $76K Fundraising 5% · $282K

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

20 people listed on the 990; $118K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$118,215Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joel Valencia’s $182K as CEO, Evergreen Collective is at the 26th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joel Valencia$181,640$168,469————
Adin Miller$136,401$140,000$129,167$118,215$107,308—
Reve Warfield—$138,989$109,222———
Cynthia Nakayama——$101,069———
Joe Eyre End 1262020—————$90,000
Crysta Krames$46,635—————

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 Los Altos 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

Strengthens the local community through grants, donor-advised funds, and sponsored programs supporting youth, seniors, leadership, the arts, and environmental initiatives.

Questions for Los Altos Community Foundation

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Provided by the organization

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3 programs · $5.7M · in their own filed words · FY2021
01

Lamv-cf and its funds provide grants and scholarships to 501(c)(3) nonprofits and deserving students. Much of this support is focused on organizations and students residing within the three communities that lamv-cf serves.

$5.7Mprogram expense
02

Lamv-cf manages and fiscally sponsors programs to address community needs and make the community a better place to live, work, and enjoy. Lamv-cf's managed programs focus on youth philanthropy, community leadership, neighborhood community building, and dispute RESOLUTION.LAMV-CF'S fiscally sponsored programs address multiple areas…

Pt IX · col B
03

Lamv-cf manages charitable funds that enable increased philanthropy by donors and organizations. These funds include donor advised funds for individuals and families, designated funds for nonprofits, and scholarship funds to help deserving students.

Pt IX · col B

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 2 funders$45K
Grants paid · 614 grants · $94.5M · 2019–2024
The Anne Wojcicki FoundationCA · FY2024$75,000,000
Unitemized GrantFY2024$659,846
Reach Potential MovementCA · FY2024$127,298
Hopes Corner INCCA · FY2024$50,000
Mentor Tutor ConnectionCA · FY2024$49,285
Cityteam MinistriesCA · FY2024$44,320
The Trust for Hidden VillaCA · FY2024$43,000
See all 614 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.7M
Ln 12
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$3.7M
Fees for servicesLn 2g$408K
Money outPt IX
$6.1M
Ln 25
Programscol B$5.7M
Managementcol C$76K
Fundraisingcol D$282K
Owns and owesPt X
$24.5M
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$24.8M
LiabilitiesLn 26$329K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Noncash giftsLn 1g$616K
Fees for servicesLn 2g$408K
Investment incomeLn 3$3.7M
Other incomeLn 4–11$239K
Gains on assetsLn 7$3.0M
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
CashLn 1$428K
Cash and savings togetherLn 1–2$428K
InvestmentsLn 11–13$23.0M
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$24.8M
LiabilitiesLn 26$329K
Net assetsLn 32$24.5M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6150
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$580K$428K
InvestmentsLn 11–13$25.4M$23.0M
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$27.3M$24.8M
LiabilitiesLn 26$384K$329K
Net assetsLn 32$26.9M$24.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$122K$76K$5K$41K
Pay of disqualified personsLn 6$508K$315K$21K$172K
Other employee benefitsLn 9$4K$2K$250$2K
Payroll taxesLn 10$53K$33K$2K$17K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$12K$4K$6K$3K
Advertising and promotionLn 12$10K$2K$7K
Office expensesLn 13$2K$1K$65$196
OccupancyLn 16$7K$2K$5K
TravelLn 17$594$594
Conferences, conventions and meetingsLn 19$2K$2K$89$272
Depreciation, depletion and amortizationLn 22$51K$45K$6K
InsuranceLn 23$14K$9K$4K$1K
Other expenses (24a–d)Ln 24$535K$510K$1K$24K
All other expensesLn 24e$55K$38K$4K$13K
Total functional expensesLn 25$6.1M$5.7M$76K$282K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $91.8M$82.2M$9.7M$38.6M 990 PDF
FY2024 $7.9M$7.5M$397K$27.1M 990 PDF
FY2023 $7.4M$7.7M−$313K$25.3M 990 PDF
FY2022 Viewing $9.7M$6.1M$3.6M$24.5M 990 PDF
FY2021 $6.0M$5.5M$558K$26.9M 990 PDF
FY2020 $11.2M$5.8M$5.4M$20.8M 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 FY2022 990 (6 parts)
Part I · Summary $9,736,995 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,137,167$5,412,170
I-9 Program service revenuePrior year $178,440$407,626
I-10 Investment incomePrior year $525,766$3,677,889
I-11 Other revenuePrior year $206,496$239,310
I-12 Total revenuePrior year $6,047,869$9,736,995
I-13 Grants and similar amounts paidPrior year $4,290,902$4,670,884
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $559,460$687,241
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $639,473$748,891
I-18 Total expensesPrior year $5,489,835$6,107,016
I-19 Revenue less expensesPrior year $558,034$3,629,979
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $9,736,995 across 9 lines filed
VIII-1f All other contributions, gifts and grants$5,412,170
VIII-1g Noncash contributions (included above)$615,737
VIII-1h Total contributions, gifts and grants$5,412,170
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $407,626$407,626
VIII-3 Investment incomeExcluded from tax $701,024$701,024
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,976,865$2,976,865
VIII-8 Net income from fundraising eventsExcluded from tax $11,952$11,952
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $227,358$227,358
VIII-12 Total revenueRelated to mission $634,984 · Unrelated business $0 · Excluded from tax $3,689,841$9,736,995
Part IX · Statement of functional expenses $6,107,016 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $3,018,579$3,018,579
IX-2 Grants to domestic individualsPrograms $1,652,305$1,652,305
IX-5 Pay of current officers, directors and key staffPrograms $75,796 · Management $5,013 · Fundraising $41,441$122,250
IX-6 Pay of disqualified personsPrograms $315,164 · Management $20,845 · Fundraising $172,316$508,325
IX-9 Other employee benefitsPrograms $1,698 · Management $250 · Fundraising $2,069$4,017
IX-10 Payroll taxesPrograms $33,132 · Management $2,106 · Fundraising $17,411$52,649
IX-11b Legal feesManagement $1,708$1,708
IX-11c Accounting feesManagement $19,251$19,251
IX-11f Investment management feesPrograms $38,878$38,878
IX-11g Other fees for servicesPrograms $3,669 · Management $5,742 · Fundraising $2,536$11,947
IX-12 Advertising and promotionPrograms $2,496 · Fundraising $7,490$9,986
IX-13 Office expensesPrograms $1,382 · Management $65 · Fundraising $196$1,643
IX-16 OccupancyPrograms $2,419 · Management $5,038$7,457
IX-17 TravelManagement $594$594
IX-19 Conferences, conventions and meetingsPrograms $1,893 · Management $89 · Fundraising $272$2,254
IX-22 Depreciation, depletion and amortizationPrograms $44,657 · Management $6,055$50,712
IX-23 InsurancePrograms $8,867 · Management $4,117 · Fundraising $1,275$14,259
IX-24 Other expenses (24a–d)Programs $510,320 · Management $1,437 · Fundraising $23,653$535,410
IX-24e All other expensesPrograms $38,076 · Management $3,633 · Fundraising $13,083$54,792
IX-25 Total functional expensesPrograms $5,749,331 · Management $75,943 · Fundraising $281,742$6,107,016
Part X · Balance sheet $24,821,882 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $579,584$428,034
X-3 Pledges and grants receivableStart of year $30,000$167,767
X-9 Prepaid expenses and deferred chargesStart of year $2,331$659
X-10c Land, buildings and equipment, netStart of year $1,273,706$1,222,994
X-12 Other securitiesStart of year $25,444,400$23,002,428
X-16 Total assetsStart of year $27,330,021$24,821,882
X-17 Accounts payable and accrued expensesStart of year $76,692$58,526
X-18 Grants payableStart of year $255,270$193,466
X-25 Other liabilitiesStart of year $51,966$77,180
X-26 Total liabilitiesStart of year $383,928$329,172
X-27 Net assets without donor restrictionsStart of year $22,471,023$19,840,966
X-28 Net assets with donor restrictionsStart of year $4,475,070$4,651,744
X-32 Total net assets or fund balancesStart of year $26,946,093$24,492,710
X-33 Total liabilities and net assetsStart of year $27,330,021$24,821,882
Part XI · Reconciliation of net assets $24,492,710 net assets at year end
XI-1 Total revenue$9,736,995
XI-2 Total expenses$6,107,016
XI-3 Revenue less expenses$3,629,979
XI-4 Net assets at start of year$26,946,093
XI-5 Net unrealized gains (losses) on investments−$6,077,602
XI-9 Other changes in net assets−$5,760
XI-10 Net assets at end of year$24,492,710

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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