Founded in 1980, the Gilroy Foundation was organized specifically to help the needs of the community in the areas of health, education, recreation, culture and civic services.covid-19 restriction limited the organization from perfoming some of its usual activities. Once the restrictions are lifted, they anticipate gradually returning to normal activities.

501(c)(3) charity; gifts are tax-deductible.
31¢ 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
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
4 of 5
filings with a surplus
Average surplus $481K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $12.2M in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $411K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$935K
-69% vs prior year
Spent
$3.4M
To programs
31%
Net assets
$11.2M
By yearFY2020–FY2024
Revenue
$935K
FY2022▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$3.0M
FY2022$935K
FY2023$3.6M
FY2024$2.6M
Expenses
$3.4M
FY2022▲ +129%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$3.4M
FY2023$1.5M
FY2024$2.3M
Net assets
$11.2M
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.0M
FY2021$13.6M
FY2022$11.2M
FY2023$13.3M
FY2024$13.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Sep 1986.

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

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $1.0M Management & general 69% · $2.3M

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Gilroy 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

Supports community health, education, recreation, culture, and civic services.

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Provided by the organization

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3 programs · $1.0M · in their own filed words · FY2022
01

Charitable grants

$567Kprogram expense
02

Various scholarships

$430Kprogram expense
03

Various community programs and projects.

$41Kprogram 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
Total grants receivedfrom 3 funders$411K
See all 3 funders →
Grants paid · 222 grants · $4.6M · 2020–2024
Digital Nest INCCA · FY2024$594,215
Unitemized GrantFY2024$223,021
Various 5000 or LessFY2024$116,138
Christopher High SchoolFY2024$96,329
Gilroy Unified School DistricFY2024$65,009
St Joseph Family CenterFY2024$40,948
Unitemized GrantFY2024$32,500
Gilroy High SchoolFY2024$32,195
Unitemized GrantFY2024$31,774
Unitemized GrantFY2024$29,250
Gilroy Historical SocietyCA · FY2024$26,131
Gilroy Arts AllianceCA · FY2024$18,936
Unitemized GrantFY2024$17,500
Rebekah Childrens ServicesFY2024$14,500
Individual RecipientFY2024$12,671
Unitemized GrantFY2024$12,500
Community SolutionsFY2024$10,513
Unitemized GrantFY2024$10,000
See all 222 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$935K
Ln 12
Gifts and grantsLn 1h$419K
Other incomeLn 4–11$343K
Investment incomeLn 3$173K
Money outPt IX
$3.4M
Ln 25
Programscol B$1.0M
Managementcol C$2.3M
Owns and owesPt X
$11.2M
net assets · Ln 32
Cash and savingsLn 1–2$1000K
Total assetsLn 16$13.4M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$419K
Government grantsLn 1e$36K
Investment incomeLn 3$173K
Other incomeLn 4–11$343K
Gains on assetsLn 7$0
Total revenueLn 12$935K
Assets in detailPt X, end of year
CashLn 1$291K
SavingsLn 2$709K
Cash and savings togetherLn 1–2$1000K
InvestmentsLn 11–13$12.2M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$117K
Total assetsLn 16$13.4M
LiabilitiesLn 26$2.3M
Net assetsLn 32$11.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.2M$1000K
InvestmentsLn 11–13$14.9M$12.2M
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$16.2M$13.4M
LiabilitiesLn 26$2.6M$2.3M
Net assetsLn 32$13.6M$11.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$567K$567K
Grants to domestic individualsLn 2$430K$430K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$148K$148K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$12K$12K
Management feesLn 11a$263K$263K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$23K$23K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$6K$6K
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$23K$23K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$133$133
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1.8M$41K$1.8M
All other expensesLn 24e$7K$41$7K
Total functional expensesLn 25$3.4M$1.0M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.6M$2.3M$314K$13.6M 990 PDF
FY2023 $3.6M$1.5M$2.1M$13.3M 990 PDF
FY2022 Viewing $935K$3.4M−$2.4M$11.2M 990 PDF
FY2021 $3.0M$1.5M$1.6M$13.6M 990 PDF
FY2020 $2.2M$1.3M$820K$12.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $935,058 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,128,682$419,186
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,598,520$172,962
I-11 Other revenuePrior year $321,872$342,910
I-12 Total revenuePrior year $3,049,074$935,058
I-13 Grants and similar amounts paidPrior year $949,060$997,178
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $138,626$159,737
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $380,050$2,200,284
I-18 Total expensesPrior year $1,467,736$3,357,199
I-19 Revenue less expensesPrior year $1,581,338−$2,422,141
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $935,058 across 10 lines filed
VIII-1e Government grants$35,763
VIII-1f All other contributions, gifts and grants$383,423
VIII-1h Total contributions, gifts and grants$419,186
VIII-3 Investment incomeExcluded from tax $172,962$172,962
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 eventsExcluded from tax $144,223$144,223
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $40,000 · Excluded from tax $158,687$198,687
VIII-12 Total revenueRelated to mission $40,000 · Excluded from tax $475,872$935,058
Part IX · Statement of functional expenses $3,357,199 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $567,097$567,097
IX-2 Grants to domestic individualsPrograms $430,081$430,081
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $147,610$147,610
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $12,127$12,127
IX-11a Management feesManagement $262,991$262,991
IX-11b Legal feesManagement $8,355$8,355
IX-11c Accounting feesManagement $22,857$22,857
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $9,172$9,172
IX-12 Advertising and promotionManagement $13,258$13,258
IX-13 Office expensesManagement $6,450$6,450
IX-14 Information technologyManagement $2,453$2,453
IX-15 Royalties$0
IX-16 OccupancyManagement $22,635$22,635
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $133$133
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,605$1,605
IX-23 InsuranceManagement $3,380$3,380
IX-24 Other expenses (24a–d)Programs $40,618 · Management $1,799,309$1,839,927
IX-24e All other expensesPrograms $41 · Management $7,027$7,068
IX-25 Total functional expensesPrograms $1,037,837 · Management $2,319,362 · Fundraising $0$3,357,199
Part X · Balance sheet $13,429,147 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $151,692$291,189
X-2 Savings and temporary cash investmentsStart of year $1,074,576$708,542
X-3 Pledges and grants receivableStart of year $43,650$58,650
X-4 Accounts receivableStart of year $2,061$7,571
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $6,000$1,600
X-10c Land, buildings and equipment, netStart of year $5,471$3,866
X-11 Publicly traded securitiesStart of year $14,894,945$12,240,368
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $5,540$117,361
X-16 Total assetsStart of year $16,183,935$13,429,147
X-17 Accounts payable and accrued expensesStart of year $2,386$3,948
X-25 Other liabilitiesStart of year $2,592,779$2,258,570
X-26 Total liabilitiesStart of year $2,595,165$2,262,518
X-27 Net assets without donor restrictionsStart of year $2,512,765−$1,308,844
X-28 Net assets with donor restrictionsStart of year $11,076,005$12,475,473
X-32 Total net assets or fund balancesStart of year $13,588,770$11,166,629
X-33 Total liabilities and net assetsStart of year $16,183,935$13,429,147
Part XI · Reconciliation of net assets $11,166,629 net assets at year end
XI-1 Total revenue$935,058
XI-2 Total expenses$3,357,199
XI-3 Revenue less expenses−$2,422,141
XI-4 Net assets at start of year$13,588,770
XI-10 Net assets at end of year$11,166,629

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

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