Los Altos Community Foundation FY2024 filing

Tax-deductible

Los Altos, CA501(c)(3)Since 1991Foundations & GrantmakersEIN 77-0273721Revenue $7.9M in FY2024

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.
93¢ of each $1 spent went to programs.
$447K 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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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
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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$447K
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
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
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
$414K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.9M
+8% vs prior year
Spent
$7.5M
To programs
93%
Net assets
$27.1M
By yearFY2020–FY2025
Revenue
$7.9M
FY2024▲ +8%
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
$7.5M
FY2024▼ -2%
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
$27.1M
FY2024▲ +7%
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 FY2024 Form 990 (year ending June 2024) · 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 Oct 1996.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $7.0M Management & general 2% · $116K Fundraising 5% · $412K

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

21 people listed on the 990; $447K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
CEO, Evergreen Collective
$168,469Pt VII · Sec A
Executive Director
$140,000Pt VII · Sec A
Director of Development
$138,989Pt VII · Sec A
$0Pt VII · Sec A
Board Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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.

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Provided by the organization

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3 programs · $7.0M · in their own filed words · FY2023
01

Lamvcf and its funds provide grants and scholarship to 501(c)(3) nonprofits and deserving students primarily residing within the three communities that lamvcf serves.

$7.0Mprogram expense
02

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

Pt IX · col B
03

Lamvcf 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$7.9M
Ln 12
Gifts and grantsLn 1h$6.3M
Investment incomeLn 3$1.1M
Fees for servicesLn 2g$348K
Money outPt IX
$7.5M
Ln 25
Programscol B$7.0M
Managementcol C$116K
Fundraisingcol D$412K
Owns and owesPt X
$27.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$27.5M
LiabilitiesLn 26$414K
PeoplePt VI, VII
21
listed · VII A
PaidVII A3
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Noncash giftsLn 1g$554K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$348K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$240K
Gains on assetsLn 7$343K
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$24.8M
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$27.5M
LiabilitiesLn 26$414K
Net assetsLn 32$27.1M
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 FY24End FY24
Cash and savingsLn 1–2$496K$1.2M
InvestmentsLn 11–13$24.0M$24.8M
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$25.7M$27.5M
LiabilitiesLn 26$366K$414K
Net assetsLn 32$25.3M$27.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.7M$4.7M
Grants to domestic individualsLn 2$575K$575K
Pay of current officers, directors and key staffLn 5$154K$111K$6K$38K
Pay of disqualified personsLn 6$1.1M$796K$40K$272K
Other employee benefitsLn 9$41K$27K$2K$12K
Payroll taxesLn 10$101K$67K$4K$30K
Legal feesLn 11b$3K$657$3K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$28K$18K$6K$4K
Advertising and promotionLn 12$68K$32K$36K
Office expensesLn 13$1K$939$15$55
OccupancyLn 16$8K$3K$5K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$3K$3K$46$168
Depreciation, depletion and amortizationLn 22$21K$15K$6K
InsuranceLn 23$18K$13K$4K$741
Other expenses (24a–d)Ln 24$623K$619K$3K$1K
All other expensesLn 24e$77K$47K$13K$17K
Total functional expensesLn 25$7.5M$7.0M$116K$412K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $91.8M$82.2M$9.7M$38.6M 990 PDF
FY2024 Viewing $7.9M$7.5M$397K$27.1M 990 PDF
FY2023 $7.4M$7.7M−$313K$25.3M 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $7,930,084 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,966,517$6,278,898
I-9 Program service revenuePrior year $507,541$347,554
I-10 Investment incomePrior year $656,640$1,063,309
I-11 Other revenuePrior year $239,405$240,323
I-12 Total revenuePrior year $7,370,103$7,930,084
I-13 Grants and similar amounts paidPrior year $5,602,680$5,232,113
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,242,405$1,404,858
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $837,649$895,705
I-18 Total expensesPrior year $7,682,734$7,532,676
I-19 Revenue less expensesPrior year −$312,631$397,408
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $7,930,084 across 11 lines filed
VIII-1c Fundraising events$3,750
VIII-1f All other contributions, gifts and grants$6,275,148
VIII-1g Noncash contributions (included above)$554,274
VIII-1h Total contributions, gifts and grants$6,278,898
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $347,554$347,554
VIII-3 Investment incomeExcluded from tax $720,010$720,010
VIII-6 Net rental income or lossExcluded from tax $16,335$16,335
VIII-7 Net gain or loss on sales of assetsExcluded from tax $343,299$343,299
VIII-8 Net income from fundraising eventsExcluded from tax $1,350$1,350
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $222,638$222,638
VIII-12 Total revenueRelated to mission $570,192 · Unrelated business $0 · Excluded from tax $1,080,994$7,930,084
Part IX · Statement of functional expenses $7,532,676 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $4,657,562$4,657,562
IX-2 Grants to domestic individualsPrograms $574,551$574,551
IX-5 Pay of current officers, directors and key staffPrograms $110,596 · Management $5,547 · Fundraising $37,857$154,000
IX-6 Pay of disqualified personsPrograms $795,933 · Management $39,921 · Fundraising $272,449$1,108,303
IX-9 Other employee benefitsPrograms $27,384 · Management $1,800 · Fundraising $12,282$41,466
IX-10 Payroll taxesPrograms $66,759 · Management $4,387 · Fundraising $29,943$101,089
IX-11b Legal feesPrograms $657 · Management $2,596$3,253
IX-11c Accounting feesManagement $20,755$20,755
IX-11f Investment management feesPrograms $20,680$20,680
IX-11g Other fees for servicesPrograms $18,045 · Management $6,091 · Fundraising $4,308$28,444
IX-12 Advertising and promotionPrograms $32,074 · Fundraising $36,074$68,148
IX-13 Office expensesPrograms $939 · Management $15 · Fundraising $55$1,009
IX-16 OccupancyPrograms $3,080 · Management $4,960$8,040
IX-17 TravelManagement $2,968$2,968
IX-19 Conferences, conventions and meetingsPrograms $2,866 · Management $46 · Fundraising $168$3,080
IX-22 Depreciation, depletion and amortizationPrograms $15,365 · Management $6,055$21,420
IX-23 InsurancePrograms $12,631 · Management $4,250 · Fundraising $741$17,622
IX-24 Other expenses (24a–d)Programs $619,045 · Management $3,004 · Fundraising $1,011$623,060
IX-24e All other expensesPrograms $46,709 · Management $13,196 · Fundraising $17,321$77,226
IX-25 Total functional expensesPrograms $7,004,876 · Management $115,591 · Fundraising $412,209$7,532,676
Part X · Balance sheet $27,519,305 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $496,310$1,197,930
X-3 Pledges and grants receivableStart of year $25,894$385,670
X-10c Land, buildings and equipment, netStart of year $1,172,282$1,150,862
X-12 Other securitiesStart of year $24,005,020$24,784,843
X-16 Total assetsStart of year $25,699,506$27,519,305
X-17 Accounts payable and accrued expensesStart of year $81,129$127,163
X-18 Grants payableStart of year $204,255$199,380
X-25 Other liabilitiesStart of year $80,838$87,022
X-26 Total liabilitiesStart of year $366,222$413,565
X-27 Net assets without donor restrictionsStart of year $19,961,967$20,699,231
X-28 Net assets with donor restrictionsStart of year $5,371,317$6,406,509
X-32 Total net assets or fund balancesStart of year $25,333,284$27,105,740
X-33 Total liabilities and net assetsStart of year $25,699,506$27,519,305
Part XI · Reconciliation of net assets $27,105,740 net assets at year end
XI-1 Total revenue$7,930,084
XI-2 Total expenses$7,532,676
XI-3 Revenue less expenses$397,408
XI-4 Net assets at start of year$25,333,284
XI-5 Net unrealized gains (losses) on investments$1,376,927
XI-9 Other changes in net assets−$1,879
XI-10 Net assets at end of year$27,105,740

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

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