Point Lobos Foundation EIN 94-2546064 Form 990 (PDF) Claim this org

Point Lobos Foundation FY2021 filing

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Protects Point Lobos' nature and history, educates visitors, and trains volunteers for public enjoyment. For fiscal year 2021 it reported $724K in revenue, $511K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Carmel, CA
Website
www.pointlobos.org
Filings
5 on file (2020–2021)
Revenue
$724KFY2021
Expenses
$511K
Net assets
$1.7M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2546064 Public charity (501(c)(3)) Carmel, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Protects Point Lobos' nature and history, educates visitors, and trains volunteers for public enjoyment.
Leadership
Kathleen Lee · Executive Dir. · $114K
Money in and out
$724K revenue, $511K expenses
Bottom line
54% program efficiency
Where the money goes · FY2021
Total revenue
$724K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $213K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.21 Fundraising $0.24
Program efficiency
54%
of spending reaches programs
Operating runway
40.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$724K
FY2021▲ +28%
Expenses
$511K
FY2021▼ -27%
Total assets
$1.9M
FY2021▲ +16%
Total liabilities
$208K
FY2021▼ -19%
Total revenue
$724K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$213K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPoint Lobos Foundation
EINHdr · item D94-2546064
Principal addressHdr · item CCarmel, CA
WebsiteHdr · item Jwww.pointlobos.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$113,852Pt VII · Sec A
Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathleen Lee$50,451$123,175$120,801$113,852$86,420
Steffanie Gamecho$88,461
Monta Potter$14,580

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $278K of program spending, described in the organization's own filed words · FY2021.
01

Visitor Services

Educate visitors to enhance their appreciation, understanding and support of point lobos state natural reserve through various channels including magazines, newsletters, website, digital app, multilingual brochures, docent interpretive interactions, public events and MEETINGS.INCLUDING the following for 2021:DIGITIZATION of the whalers…

$126Kprogram expense
02

Reserve Stewardship, including natural and cultural resource protection and public use area improvements (trails and restrooms) to enhance visitor experience and safety, and support of the Carmel Area state parks general plan.Including the following for 2021:Important trails maintenance and habitat restoration within the…

$100Kprogram expense
03

Docent Support

To enhance the visitor experience by training and supporting 193 state park volunteers who greet visitors, interpret the natural and cultural resources of the reserve, and lead walks for visitor groups, including title 1 school CHILDREN.DOCENT administration and support: docent events and recognition.

$52Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$612K · 85%
Other revenue$64K · 9%
Investment income$48K · 7%
Contributions & grants85%$612K
Other revenue9%$64K
Investment income7%$48K
— government grantsLn 1e$128K
Total revenueLn 12$724K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.21 Fundraising $0.24
Program services54%$278K
Management & general21%$110K
Fundraising24%$123K
Total functional expensesLn 25$511K

Balance Sheet

Part X · end of year
CashLn 1$303K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$208K
Total net assetsLn 32$1.7M
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses (Pt IX) $511K · Less non-cash grants $5K · Cash operating expenses/yr $506K
40.9 months
Where the money goes
Program services
Program services $278K · Total expenses $511K
54%
Management & General
Management & general $110K · Total expenses $511K
21%
Fundraising
Fundraising $123K · Total expenses $511K
24%
Cost to raise $1
Fundraising expense (2-yr avg) $123K · Solicited contributions (2-yr avg) $486K
$0.25 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $612K · Total revenue $724K
85%
Government reliance
Government grants $128K · Total revenue $724K
18%
Earned-income share
Program service revenue $0 · Total revenue $724K
0%
Investment reliance
Investment income $48K · Total revenue $724K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $511K
0%
Growth & trend
Revenue growth (YoY)
This year $724K · Prior year $565K
+28%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $724K · Expenses $511K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.7M · Total assets $1.9M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.9M
76%
People & payroll
Highest Reported Total Compensation
Individual Kathleen Lee · Reported title Executive Dir. · Highest reported compensation $114K · Total expenses $511K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $295K · Total expenses $511K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 21%
Fundraising cost ratio 20%
Revenue growth 28%
Investment management fee ratio 0.7%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 17 grants · $757K · 2020–2024
California State ParksFY2024$90,860
Community Fdn for Monterey CtCA · FY2024$59,846
17 Mile Construction ServicesFY2024$33,700
Boyds Asphalt ServicesFY2024$19,659
Coastal Paving and ExcavatingFY2024$17,900
BearsaverFY2024$17,663
Electrical and Control SystemFY2024$9,800
Condeau RefinishingFY2024$5,250
California State ParksFY2023$60,000
Sierra Controls LLCFY2023$28,804
BearsaverFY2023$13,225
California State ParksFY2022$94,563
C&r Forest ProductsFY2022$38,904
California State ParksFY2021$30,000
Garavaglia Architecture INCFY2021$8,729
Park ITFY2021$7,913
Ca State ParksFY2020$220,495

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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)$1.0M revenue · ⤓ 990 PDF
FY2023$922K revenue · ⤓ 990 PDF
FY2022$791K revenue · ⤓ 990 PDF
FY2021$724K revenue · viewing · ⤓ 990 PDF
FY2020$565K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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