Central Valley Community Foundation FY2023 filing

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We connect capital and communities for a just and thriving Central Valley.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.2M 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

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $18.4M a year · 47% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $95.0M in investments, Pt X · Ln 11–13
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $50K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18.6M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82.7M
+213% vs prior year
Spent
$27.1M
To programs
89%
Net assets
$142.5M
By yearFY2020–FY2024
Revenue
$82.7M
FY2023▲ +213%
Tap a bar for its year
Revenue by fiscal year
FY2020$37.0M
FY2021$19.3M
FY2022$26.4M
FY2023$82.7M
FY2024$29.9M
Expenses
$27.1M
FY2023▲ +84%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.2M
FY2021$17.4M
FY2022$14.7M
FY2023$27.1M
FY2024$24.8M
Net assets
$142.5M
FY2023▲ +77%
Tap a bar for its year
Net assets by fiscal year
FY2020$73.1M
FY2021$79.2M
FY2022$80.6M
FY2023$142.5M
FY2024$144.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Apr 1998.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $24.1M Management & general 8% · $2.2M Fundraising 3% · $778K

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

30 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$313,500Pt VII · Sec A
$169,392Pt VII · Sec A
$169,392Pt VII · Sec A
Dir Collective Imp
$136,956Pt VII · Sec A
Drive Director
$116,591Pt VII · Sec A
Controller
$116,591Pt VII · Sec A
Dir Donor Svcs
$114,362Pt VII · Sec A
Chief Impact of
$42,930Pt VII · Sec A

Ashley Swearengin’s $383K as President & CEO is at the 82nd 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ashley Swearengin$383,256$313,500$303,517$289,432$294,952
Heather Brown$206,788$169,392$117,347——
Kerri Horn$206,788$169,392$153,303$129,726$126,101
Catherine Perez$167,186————
Christina Patch$160,523$136,956$129,156——
Elize Brown Bradley$156,081————
Elliott Balch—$42,930$153,271$129,655$126,036
Kimberly Garner$130,904————

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 Central Valley 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

Connects investors with Central Valley communities to foster justice and prosperity.

Questions for Central Valley Community Foundation

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1 program · $24.1M · in their own filed words · FY2023
01

Support for various community services, including education, health, cultural and environmental programs.

$24.1Mprogram 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 2 funders$50K
Grants paid · 10 grants · $56.7M · 2020–2024
Individual RecipientFY2024$9,147,956
Unitemized GrantFY2024$360,857
Individual RecipientFY2023$16,607,942
Unitemized GrantFY2023$505,461
Individual RecipientFY2022$6,124,375
Unitemized GrantFY2022$484,763
Individual RecipientFY2021$9,942,705
Unitemized GrantFY2021$274,000
Individual RecipientFY2020$12,929,786
Unitemized GrantFY2020$329,881

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$82.7M
Ln 12
Gifts and grantsLn 1h$79.5M
Investment incomeLn 3$2.8M
Fees for servicesLn 2g$318K
Money outPt IX
$27.1M
Ln 25
Programscol B$24.1M
Managementcol C$2.2M
Fundraisingcol D$778K
Owns and owesPt X
$142.5M
net assets · Ln 32
Cash and savingsLn 1–2$21.3M
Total assetsLn 16$161.1M
LiabilitiesLn 26$18.6M
PeoplePt VI, VII
30
listed · VII A
PaidVII A8
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79.5M
Government grantsLn 1e$3.7M
Noncash giftsLn 1g$572K
Fees for servicesLn 2g$318K
Investment incomeLn 3$2.8M
Gains on assetsLn 7$0
Total revenueLn 12$82.7M
Assets in detailPt X, end of year
CashLn 1$21.3M
SavingsLn 2$0
Cash and savings togetherLn 1–2$21.3M
InvestmentsLn 11–13$95.0M
Land, buildings, equipmentLn 10c$459K
Other assetsLn 15$37.7M
Total assetsLn 16$161.1M
LiabilitiesLn 26$18.6M
Net assetsLn 32$142.5M
OperationsPt I, VI
EmployeesI 526
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$51K
Noncash gifts receivedSch M Pt I$572K
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$77.8M$27.8M$31.7M$27.8M$24.2M
Given inLn 1b$47.2M$786K$1.3M$1.6M$107K
SpentLn 1d–1f$1.6M$1.2M$1.5M$784K$1.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$18.4M$21.3M
InvestmentsLn 11–13$75.4M$95.0M
Land, buildings, equipmentLn 10c$494K$459K
Total assetsLn 16$103.0M$161.1M
LiabilitiesLn 26$22.4M$18.6M
Net assetsLn 32$80.6M$142.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.6M$16.6M
Grants to domestic individualsLn 2$505K$505K
Grants and assistance to foreign recipientsLn 3$51K$51K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$737K$202K$405K$129K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.0M$1.0M$686K$321K
Pension plan contributionsLn 8$56K$28K$17K$11K
Other employee benefitsLn 9$172K$79K$65K$27K
Payroll taxesLn 10$210K$94K$82K$34K
Management feesLn 11a$0
Legal feesLn 11b$122K$113K$7K$3K
Accounting feesLn 11c$74K$33K$29K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$439K$439K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$218K$153K$46K$19K
Office expensesLn 13$230K$154K$54K$22K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$493K$393K$71K$29K
TravelLn 17$97K$64K$23K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$155K$108K$33K$14K
InterestLn 20$136$136
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$107K$52K$39K$16K
InsuranceLn 23$65K$35K$21K$9K
Other expenses (24a–d)Ln 24$4.6M$4.3M$132K$108K
All other expensesLn 24e$101K$46K$42K$13K
Total functional expensesLn 25$27.1M$24.1M$2.2M$778K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $29.9M$24.8M$5.1M$144.3M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $82.7M$27.1M$55.6M$142.5M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $26.4M$14.7M$11.7M$80.6M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $19.3M$17.4M$1.8M$79.2M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $37.0M$19.2M$17.8M$73.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $82,658,498 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,966,444$79,521,007
I-9 Program service revenuePrior year $1,162,228$318,396
I-10 Investment incomePrior year $3,306,787$2,819,095
I-11 Other revenue$0
I-12 Total revenuePrior year $26,435,459$82,658,498
I-13 Grants and similar amounts paidPrior year $6,702,873$17,164,851
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,659,346$3,221,329
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,332,042$6,677,897
I-18 Total expensesPrior year $14,694,261$27,064,077
I-19 Revenue less expensesPrior year $11,741,198$55,594,421
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $82,658,498 across 11 lines filed
VIII-1e Government grants$3,702,521
VIII-1f All other contributions, gifts and grants$75,818,486
VIII-1g Noncash contributions (included above)$571,549
VIII-1h Total contributions, gifts and grants$79,521,007
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $318,396$318,396
VIII-3 Investment incomeRelated to mission $2,819,095$2,819,095
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,137,491$82,658,498
Part IX · Statement of functional expenses $27,064,077 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $16,607,942$16,607,942
IX-2 Grants to domestic individualsPrograms $505,461$505,461
IX-3 Grants and assistance to foreign recipientsPrograms $51,448$51,448
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $202,042 · Management $405,434 · Fundraising $129,395$736,871
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,040,061 · Management $686,130 · Fundraising $321,111$2,047,302
IX-8 Pension plan contributionsPrograms $27,966 · Management $17,048 · Fundraising $10,639$55,653
IX-9 Other employee benefitsPrograms $79,314 · Management $64,946 · Fundraising $27,337$171,597
IX-10 Payroll taxesPrograms $94,057 · Management $81,800 · Fundraising $34,049$209,906
IX-11a Management fees$0
IX-11b Legal feesPrograms $112,965 · Management $6,660 · Fundraising $2,772$122,397
IX-11c Accounting feesPrograms $33,114 · Management $28,798 · Fundraising $11,986$73,898
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $438,585$438,585
IX-12 Advertising and promotionPrograms $153,471 · Management $45,805 · Fundraising $19,066$218,342
IX-13 Office expensesPrograms $154,280 · Management $53,678 · Fundraising $22,343$230,301
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $393,077 · Management $70,839 · Fundraising $29,486$493,402
IX-17 TravelPrograms $63,865 · Management $23,367 · Fundraising $9,726$96,958
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $107,936 · Management $33,066 · Fundraising $13,763$154,765
IX-20 InterestPrograms $136$136
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $51,903 · Management $39,087 · Fundraising $16,270$107,260
IX-23 InsurancePrograms $35,228 · Management $20,929 · Fundraising $8,711$64,868
IX-24 Other expenses (24a–d)Programs $4,334,980 · Management $132,067 · Fundraising $108,467$4,575,514
IX-24e All other expensesPrograms $46,471 · Management $41,787 · Fundraising $13,213$101,471
IX-25 Total functional expensesPrograms $24,095,717 · Management $2,190,026 · Fundraising $778,334$27,064,077
Part X · Balance sheet $161,104,627 assets, 21 lines filed
Asset lines not itemized here account for $633,009; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $18,398,474$21,284,423
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $7,406,537$5,892,997
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $497,335$146,521
X-10c Land, buildings and equipment, netStart of year $494,052$458,716
X-11 Publicly traded securitiesStart of year $75,378,515$95,020,293
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $678,348$37,668,668
X-16 Total assetsStart of year $103,002,153$161,104,627
X-17 Accounts payable and accrued expensesStart of year $7,638,981$2,818,003
X-18 Grants payableStart of year $735,530$1,780,100
X-25 Other liabilitiesStart of year $11,568,113$12,634,453
X-26 Total liabilitiesStart of year $22,442,572$18,634,707
X-27 Net assets without donor restrictionsStart of year $34,733,886$40,798,650
X-28 Net assets with donor restrictionsStart of year $45,825,695$101,671,270
X-32 Total net assets or fund balancesStart of year $80,559,581$142,469,920
X-33 Total liabilities and net assetsStart of year $103,002,153$161,104,627
Part XI · Reconciliation of net assets $142,469,920 net assets at year end
XI-1 Total revenue$82,658,498
XI-2 Total expenses$27,064,077
XI-3 Revenue less expenses$55,594,421
XI-4 Net assets at start of year$80,559,581
XI-5 Net unrealized gains (losses) on investments$6,315,918
XI-6 Donated services and use of facilities$10,611
XI-9 Other changes in net assets−$10,611
XI-10 Net assets at end of year$142,469,920

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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