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Src Living Legacy Foundation FY2020 filing

Tax-deductible

Saratoga, CA501(c)(3)Public & Societal BenefitEIN 84-3432820Revenue $700K in FY2020

On file with the IRSsrclivinglegacyfoundation.org14500 Fruitvale Ave Bldg 1000, 95070-6166 · Saratoga, CATax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Living Legacy foundation's educational grant program

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $333K a year · 74% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$700K
Spent
$65K
To programs
89%
Net assets
$776K
By yearFY2020–FY2025
Revenue
$700K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$700K
FY2021$185K
FY2022$741K
FY2023$322K
FY2024$324K
FY2025$439K
Expenses
$65K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$65K
FY2021$125K
FY2022$111K
FY2023$119K
FY2024$128K
FY2025$167K
Net assets
$776K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$776K
FY2021$829K
FY2022$1.3M
FY2023$1.6M
FY2024$1.9M
FY2025$2.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Feb 2020.

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% · $58K Management & general 11% · $7K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Marilyn Basham
Secretary and Events Chair
$0Pt VII · Sec A
Linda Elden
Stewardship Chair
$0Pt VII · Sec A
Steve Johnson
Communications Chair
$0Pt VII · Sec A
Vince Martin
Fund Development Chair
$0Pt VII · Sec A
Kathleen Roberts
Educational Grants Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Hogue
Treasurer
$0Pt VII · Sec A
See Src Living Legacy 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 15aNo

Programs and updates

Provides educational grants to support learning and development.

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Provided by the organization

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1 program · $58K · in their own filed words · FY2020
01

Living legacy foundation's educational grant program gives scholarships to anyone who satisfies these two CRITERIA:1) they are an employee of the saratoga retirement community, or a son or daughter of an EMPLOYEE;2) they have been accepted for a place or are currently working towards a degree in a two year college or a four year…

$58Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$8K
Kaz Foundation for Social Advancement Co Edward KaczorowskiFY2024$5K
Total grants receivedfrom 2 funders$13K
Grants paid · 7 grants · $723K · 2020–2025
Unitemized GrantFY2025$134,800
Unitemized GrantFY2024$105,750
Unitemized GrantFY2023$102,600
Unitemized GrantFY2022$102,500
Unitemized GrantFY2022$102,500
Unitemized GrantFY2021$116,500
Unitemized GrantFY2020$58,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$700K
Ln 12
Gifts and grantsLn 1h$657K
Investment incomeLn 3$43K
Money outPt IX
$65K
Ln 25
Programscol B$58K
Managementcol C$7K
Owns and owesPt X
$776K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$776K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$657K
Noncash giftsLn 1g$413
Investment incomeLn 3$43K
Gains on assetsLn 7$31K
Total revenueLn 12$700K
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$753K
Total assetsLn 16$776K
LiabilitiesLn 26$0
Net assetsLn 32$776K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$23K
InvestmentsLn 11–13$753K
Total assetsLn 16$0$776K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$776K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$58K$58K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$400$400
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$511$511
Advertising and promotionLn 12$413$413
Total functional expensesLn 25$65K$58K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $439K$167K$272K$2.3M 990 PDF
FY2024 $324K$128K$196K$1.9M 990 PDF
FY2023 $322K$119K$202K$1.6M 990 PDF
FY2022 $741K$111K$630K$1.3M 990 PDF
FY2021 $185K$125K$59K$829K 990 PDF
FY2020 Viewing $700K$65K$635K$776K 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 FY2020 990 (6 parts)
Part I · Summary $700,283 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$657,376
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$42,907
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$700,283
I-13 Grants and similar amounts paidPrior year $0$58,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$7,011
I-18 Total expensesPrior year $0$65,011
I-19 Revenue less expensesPrior year $0$635,272
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $700,283 across 7 lines filed
VIII-1d Related organizations$598,508
VIII-1f All other contributions, gifts and grants$58,868
VIII-1g Noncash contributions (included above)$413
VIII-1h Total contributions, gifts and grants$657,376
VIII-3 Investment incomeExcluded from tax $12,357$12,357
VIII-7 Net gain or loss on sales of assetsExcluded from tax $30,550$30,550
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,907$700,283
Part IX · Statement of functional expenses $65,011 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $58,000$58,000
IX-11b Legal feesManagement $2,392$2,392
IX-11c Accounting feesManagement $400$400
IX-11f Investment management feesManagement $3,295$3,295
IX-11g Other fees for servicesManagement $511$511
IX-12 Advertising and promotionManagement $413$413
IX-25 Total functional expensesPrograms $58,000 · Management $7,011 · Fundraising $0$65,011
Part X · Balance sheet $775,841 assets, 9 lines filed
X-1 Cash, non-interest-bearing$12,913
X-2 Savings and temporary cash investments$9,765
X-11 Publicly traded securities$753,163
X-16 Total assetsStart of year $0$775,841
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$687,067
X-28 Net assets with donor restrictions$88,774
X-32 Total net assets or fund balancesStart of year $0$775,841
X-33 Total liabilities and net assetsStart of year $0$775,841
Part XI · Reconciliation of net assets $775,841 net assets at year end
XI-1 Total revenue$700,283
XI-2 Total expenses$65,011
XI-3 Revenue less expenses$635,272
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$140,569
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$775,841

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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