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54 Fund EIN 87-1724276

54 Fund

EIN  87-1724276 Private foundation / grantmaker Stockton, CA
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Size
$100K–1M
What they do
A private foundation based in Stockton, CA. It reported about $819K in revenue for 2024.
Leadership
Nora Stroh · Vice Chair, Director · $11K
Money in and out
$819K revenue, $676K expenses
Bottom line
—

A private foundation based in Stockton, CA. It reported about $819K in revenue for 2024. For fiscal year 2024 it reported $819K in revenue, $676K in expenses, and $15.0M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$819K
Pt VIII · Ln 12
Total expenses
$676K
Pt IX · Ln 25
Net assets
$15.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $143K
Total assets
15.0M
deployed as grants and operations
Grants paid
527K
in FY2024
Grants made
99grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 99 grants · $527K · 2024–2024
St Mary's Dining RoomCA · FY2024$78,000
United Way of San JoaquinFY2024$35,000
Stockton Beautiful a Community CommitmentCA · FY2024$30,000
Diocese of StocktonFY2024$25,000
Lodi Boys and Girls Club INCCA · FY2024$25,000
St Mary's High School FoundationFY2024$25,000
Haggin MuseumFY2024$25,000
Oak Grove Nature CenterFY2024$23,880
Children's Museum of StocktonCA · FY2024$15,000
Sjcoe Educational FoundationFY2024$10,000
San Joaquin Community Foundation INCCA · FY2024$10,000
Goodwill Industries of San Joaquin ValleyFY2024$10,000
Family Resource and Referral CenterFY2024$7,500
Hospice of San JoaquinCA · FY2024$5,000
YMCAPA · FY2024$5,000
Tuleburg PressCA · FY2024$5,000
Temple IsraelFY2024$5,000
Stockton Police FoundationFY2024$5,000
See all 99 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV38
Average grantPart XV$5K
Median grantPart XV$2K
Largest grantPart XV$78K
Top cause focusNTEEFoundations & Grantmakers (6%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$819K
FY2024▲ +88%
Expenses
$676K
FY2024▲ +2%
Total assets
$15.0M
FY2024▲ +12%
Total liabilities
$328
FY2024▼ -76%
Total revenue
$819K
Pt VIII · Ln 12
Total expenses
$676K
Pt IX · Ln 25
Net assets
$15.0M
Pt X · Ln 32
Total assetsPt II$15.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C54 Fund
EINHdr · item D87-1724276
Principal addressHdr · item CStockton, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFDec 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Nora Stroh
Vice Chair, Director
$11,000Pt VII · Sec A
Steve Liega
Director. Secretary, Treasurer
$11,000Pt VII · Sec A
Karyn Johnson
Chair, Director
$0Pt VII · Sec A
Manuel Lopez
Director
$0Pt VII · Sec A
Mark Moreno
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 54 Fund executive salaries →

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Statement of Revenue

Part VIII
Investment income$569K · 69%
Contributions & grants$250K · 31%
Investment income69%$569K
Contributions & grants31%$250K
Total revenueLn 12$819K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.78 Operating & administrative $0.22
Grants & contributions paid78%$527K
Operating & administrative22%$149K
Total functional expensesLn 25$676K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$15.0M
Total liabilitiesLn 26$328
Total net assetsLn 32$15.0M
Months of cash on handcomputed21.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $15.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $819K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $819K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $819K · Prior year $435K
+88%
Net-asset trend (YoY)
End of year $15.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $819K · Expenses $676K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $15.0M
—
Net-asset ratio
Net assets $15.0M · Total assets $15.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Nora Stroh · Reported title VICE CHAIR, DIRECTOR · Highest reported compensation $11K · Total expenses $676K
2%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 88%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$819K revenue · viewing · ⤓ 990 PDF
FY2023$435K revenue · ⤓ 990 PDF
FY2022$369K revenue · ⤓ 990 PDF
FY2021$12.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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