Overview
What is California Community Foundation?
The California Community Foundation, based in Los Angeles, California, manages over 1,500 charitable funds entrusted by various individuals, families, organizations, and companies. In the 2021-2022 fiscal year, they granted $335 million from these donor-serviced funds to nonprofit organizations across Greater Los Angeles and beyond. Furthermore, the foundation distributed $7.5 million from its restricted funds for specific causes, such as scholarships, animal welfare, disaster relief, environment, management support for nonprofits, and religious organizations, among others. Their mission is to lead positive systemic change that strengthens Los Angeles communities, envisioning a future where all Angelenos have the opportunity to contribute to the productivity, health, and well-being of the region. The foundation employs a team of 97 individuals dedicated to fulfilling this mission.
Official website here: www.calfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99%
The California Community Foundation has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its high standards in accountability and financial management. With a score of 99%, the foundation demonstrates transparency and a commitment to ethical governance, featuring a fully independent board and robust oversight mechanisms.
Strengths of the organization include an excellent program expense ratio of 96% and a low fundraising efficiency ratio of $0.01, indicating that the majority of funds raised go directly to programs rather than administrative costs. Furthermore, the foundation has no material diversions of assets, signifying a strong financial health with only 11.12% liabilities to assets. It also maintains comprehensive policies regarding conflict of interest, whistleblowing, and document retention.
However, one noted limitation is the absence of a donor privacy policy, which received a score of zero. While this does not significantly impact their overall rating, it may raise concerns among potential donors regarding the confidentiality of their contributions. Overall, the California Community Foundation exemplifies a well-managed nonprofit with a strong focus on fulfilling its mission while ensuring financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is California Community Foundation legitimate?
California Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,513,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,635,372
For more financial information, click here
Official website here: www.calfund.org
What is the mission statement of California Community Foundation?
The California Community Foundation is dedicated to leading systemic change that strengthens communities in Los Angeles. Their mission is to envision a future where all residents have the opportunity to contribute to the productivity, health, and well-being of their region. They believe that the common fate of the community will be determined by the success in improving the quality of life for all residents. The foundation is committed to making a positive impact on the communities they serve.
Official website here: www.calfund.org
Who is the CEO of California Community Foundation?
Steven Cobb is the Chief Financial Officer of California Community Foundation. The CEO's salary of California Community Foundation is $610,697 and their total compensation is $664,282.
Official website here: www.calfund.org
What is the revenue of California Community Foundation?
California Community Foundation's revenue in 2022 was $542,926,624.
Official website here: www.calfund.org
Who are the executives of California Community Foundation and what are their salaries?
The average compensation at California Community Foundation during 2022 was $94,319. There are 97 employees at California Community Foundation.
Here are 32 key members and their salaries (California Community Foundation's CEO's salary is $610,697 and their total compensation is $664,282):
- Compensation: $610,697
- Related: $0
- Other: $53,585
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $337,669
- Related: $0
- Other: $57,035
- Compensation: $301,212
- Related: $0
- Other: $45,535
- Compensation: $230,751
- Related: $0
- Other: $33,181
- Compensation: $212,463
- Related: $0
- Other: $40,645
- Compensation: $181,703
- Related: $0
- Other: $20,633
- Compensation: $189,969
- Related: $0
- Other: $32,631
- Compensation: $210,748
- Related: $0
- Other: $52,091
- Compensation: $188,584
- Related: $0
- Other: $54,490
- Compensation: $165,198
- Related: $0
- Other: $52,352
- Compensation: $141,391
- Related: $0
- Other: $33,347
- Compensation: $139,778
- Related: $0
- Other: $35,009
Official website here: www.calfund.org
Where can I find the form 990 for California Community Foundation?
California Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.calfund.org
Learn more at the official website: www.calfund.org
Mission Statement of California Community Foundation
The California Community Foundation, a leading organization in Los Angeles, is committed to driving systemic change that enhances the livability of local communities. With a vision of a future where every Angeleno can contribute to the region's prosperity, the Foundation aspires to improve the quality of life for all residents. By spearheading positive systematic improvements, the California Community Foundation aims to create an environment where Angelenos have the opportunity to thrive. In essence, the organization envisions a future where everyone in Los Angeles can participate in the productivity, health, and overall well-being of the region. The Foundation's collective fate, it believes, will be determined by the success of its efforts to enhance the quality of life for all residents.
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Impact
October, 2024
California Community Foundation plays a vital role in strengthening communities across Los Angeles through its focus on systemic change. By managing over 1,500 charitable funds, it has become a significant conduit for philanthropic resources, distributing an impressive $335 million in grants during the 2021-2022 periods. These grants support a diverse array of initiatives, enhancing the well-being of residents and organizations throughout the region.
The foundation's efforts extend to various areas, including scholarships, animal welfare, disaster relief, environmental conservation, and management support for local organizations. By prioritizing community needs and responsive funding, California Community Foundation envisions a future where every Angeleno can thrive, contribute, and experience an improved quality of life. Its commitment to philanthropy fosters collaboration and empowers individuals and groups alike to create lasting impacts in their communities.
This information is meant to be a general summary of California Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $178,449,500
- Program Service Revenue: $2,154,396
- Gross Receipts: $2,785,124,895
Assets and Liabilities:
- Total Assets: $2,125,922,867
- Total Liabilities: $252,934,553
- Net Assets: $1,872,988,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,398,294
ADMINISTRATIVE FEES
Revenue
$756,102
Organization Details
Founding Year
1915
Phone
(213) 413-4130Principal Officer
Steven Cobb
Main Address
717 W TEMPLE STREET, LOS ANGELES, CA, 90012
Website
www.calfund.orgNTEE Category
Code: T310 - Philanthropy
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