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Src Living Legacy Foundation FY2022 filing

Tax-deductible

Saratoga, CA501(c)(3)Public & Societal BenefitEIN 84-3432820Revenue $741K in FY2022

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.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 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
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$741K
+302% vs prior year
Spent
$111K
To programs
92%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$741K
FY2022▲ +302%
Tap a bar for its year
Revenue by fiscal year
FY2020$700K
FY2021$185K
FY2022$741K
FY2023$322K
FY2024$324K
FY2025$439K
Expenses
$111K
FY2022▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$65K
FY2021$125K
FY2022$111K
FY2023$119K
FY2024$128K
FY2025$167K
Net assets
$1.3M
FY2022▲ +61%
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 FY2022 Form 990 · 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 Feb 2020.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $102K Management & general 8% · $8K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Vince Martin
Chairman, Fund Development
$0Pt VII · Sec A
Susan Carnahan
Communications Chair and Stewardship Chair
$0Pt VII · Sec A
Linda Elden
Education Grants Committee Member
$0Pt VII · Sec A
Steve Johnson
Educational Grants Chair
$0Pt VII · Sec A
Judy Corney
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Judy Stratman
Events Co-Chair
$0Pt VII · Sec A
Terry Stratman
Events Co-Chair
$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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2 programs · $205K · in their own filed words · FY2022
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…

$102Kprogram expense
02

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…

$102Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$741K
Ln 12
Gifts and grantsLn 1h$726K
Investment incomeLn 3$15K
Money outPt IX
$111K
Ln 25
Programscol B$102K
Managementcol C$8K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$1.3M
LiabilitiesLn 26$3K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$726K
Investment incomeLn 3$15K
Total revenueLn 12$741K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$59K
Total assetsLn 16$1.3M
LiabilitiesLn 26$3K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

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 Viewing $741K$111K$630K$1.3M 990 PDF
FY2021 $185K$125K$59K$829K 990 PDF
FY2020 $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 FY2022 990 (1 part)
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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

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

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