2024-05-02T14:52:47-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 010816065 CFNV CHARITABLE REAL ESTATE FUND CO THE COMMUNITY FOUNDATION OF NAPA VALLEY CFNV 7072549565 3299 CLAREMONT WAY 4 NAPA CA 94558 TERENCE MULLIGAN SECRETARY 7072549565 2024-05-01 1 TERENCE MULLIGAN 999009999 0 KATY BROWN P00650274 9257902600 2024-04-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERENCE MULLIGAN 3299 CLAREMONT WAY 4 NAPA CA 94558 396961 0 X WWW.NAPAVALLEYCF.ORG X 2004 CA THE CORPORATION SUPPORTS THE COMMUNITY FOUNDATION OF THE NAPA VALLEY. 5 3 0 3 0 0 1200000 100000 0 0 0 -71679 257265 296961 1457265 325282 46022 50312 0 0 0 0 0 0 0 305169 280484 351191 330796 1106074 -5514 3516130 3994385 293414 777183 3222716 3217202 X THE CORPORATION OPERATES EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION OF THE NAPA VALLEY DBA NAPA VALLEY COMMUNITY FOUNDATION (NVCF). (CONTINUED ON SCHEDULE O)THE CORPORATION SUPPORTS THE MISSION OF NVCF BY ACCEPTING GIFTS OF REAL PROPERTY AND OTHER ASSETS, AND MANAGING OR ARRANGING FOR THE SALE OF THOSE ASSETS FOR THE BENEFIT OF NVCF. 0 0 322271 50312 THE CORPORATION OPERATES EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION OF THE NAPA VALLEY DBA NAPA VALLEY COMMUNITY FOUNDATION (NVCF). 322271 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X SANDY FASOLD CFO (NAPA VALLEY COMMUNITY FOUNDATION) 7072549565 3299 CLAREMONT WAY 4 NAPA CA 94558 TERENCE MULLIGAN SECRETARY 3.00 40.00 X X 0 252872 49384 SANDY FASOLD DIRECTOR 1.00 40.00 X 0 152475 21770 DAVID FREED PRESIDENT 1.00 X X 0 0 0 MARK FARLEY TREASURER 1.00 X X 0 0 0 DAVID GAW DIRECTOR 1.00 X 0 0 0 0 405347 71154 0 0 1 0 0 100000 100000 296961 0 296961 296961 296961 71679 -71679 -71679 -71679 325282 0 0 225282 50312 50312 24250 24250 8525 8525 2137 2137 91765 91765 6984 6984 80123 80123 7430 7430 CEDAR STREET EXPENSES 59270 59270 330796 322271 8525 0 88438 127279 4811 10350 5128866 1272110 3422881 3856756 3516130 3994385 17991 314904 275423 118283 0 343996 293414 777183 X -200167 -639555 3422883 3856757 3222716 3217202 3516130 3994385 -5514 0 X 0 1 X 1 0 X X 1 COMMUNITY FOUNDATION OF THE NAPA VALLEY 680349777 8 1 330796 0 1 330796 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 900000 900000 900000 900000 900000 900000 900000 900000 900000 900000 0.00000 1.00000 0.00000 0 0 1054309 1054309 2179461 1269751 909710 109419 2359 107060 1785677 1785677 3856756 DUE TO RELATED 343996 343996 X PART V, LINE 4: THE ANNUAL SPENDING POLICY IS INTENDED TO ENABLE THE ORGANIZATION'S ENDOWMENT FUNDS TO PROVIDE PERMANENT SUPPORT TO THE COMMUNITY FOUNDATION OF THE NAPA VALLEY. 100% OF THE ENDOWMENT AMOUNT IS THE HISTORICAL COST OF THE LAND OWNED BY THE ORGANIZATION. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT FOUNDATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER PROVISIONS OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS CONTAIN NO PROVISION FOR INCOME TAXES. THE FOUNDATION EVALUATES ITS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD ARE RECORDED AS AN EXPENSE IN THE APPLICABLE YEAR. AS OF JUNE 30, 2023, THE FOUNDATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. 1 COMMUNITY FOUNDATION OF NAPA VALLEY 3299 CLAREMONT WAY SUITE 4 NAPA CA 94558 680349777 501(C(3) 50312 0 FUTHERANCE OF EXEMPT PURPOSE 1 0 PART I, LINE 2: GRANTS FROM CFNV CHARITABLE REAL ESTATE FUND (CREF) TO COMMUNITY FOUNDATION OF THE NAPA VALLEY (NVCF) ARE SOLELY THE UPSTREAM OF NET RENTS FROM THE BUILDING OWNED BY CREF TO NVCF. A DETAILED SPREADSHEET IS KEPT TO SUBSTANTIATE THE AMOUNT OF THE GRANT. 0 0 0 0 0 0 0 0 0 TERENCE MULLIGAN SECRETARY 0 229539 0 10000 0 13333 0 29493 0 19891 0 302256 0 0 SANDY FASOLD DIRECTOR 0 142475 0 10000 0 0 0 5688 0 16082 0 174245 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE (AC) SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE FORM 990 TAX RETURN INCLUDING ALL PERTINENT SCHEDULES, BEFORE THEY ARE FILED WITH THE INTERNAL REVENUE SERVICE. A DRAFT OF THE FORM 990 SHOULD BE READY FOR REVIEW BY THE AC NO LATER THAN TWO WEEKS PRIOR TO THE FILING DEADLINE. AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE AC, THEY WILL HAVE 7-10 DAYS TO COMPLETE THEIR REVIEW. THE AC SHALL CONDUCT A REVIEW OF THE FORM 990. HOWEVER, IF THE AC DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW, THEY WILL CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF ANY RELEVANT DETAILED TAX RETURN WORKPAPERS. ONCE THE AC HAS COMPLETED ITS INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL WILL BE SCHEDULED WITH THE PREPARER OF THE FORM 990, IF NECESSARY, TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AC. THE PREPARER OF THE FORM 990 SHALL MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS. ALL OF THE QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE AC SHOULD BE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AC AND A FINAL COPY IS PREPARED, STAFF WILL E-MAIL THE FINAL FORM 990 TO ALL CREF BOARD MEMBERS BEFORE THE FORM 990 IS FILED AND WILL MAKE A PRESENTATION AT THE NEXT FULL BOARD OF DIRECTORS MEETING TO UPDATE THE BOARD REGARDING THE REVIEW OF THE FORM 990, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR OR AS NEEDED, BOARD AND ADVISORY COMMITTEE MEMBERS, FOUNDATION STAFF, VOLUNTEERS AND CONTRACTORS WILL COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT IDENTIFYING ANY SIGNIFICANT AFFILIATION AND/OR POSITION HELD BY SELF OR ANY IMMEDIATE FAMILY MEMBER WITH ANY ORGANIZATION USING THE FOLLOWING GUIDELINES: A. ANY SIGNIFICANT AFFILIATION AND/OR POSITION HELD BY SELF OR ANY IMMEDIATE FAMILY MEMBER WITH ANY LOCAL CHARITABLE OR COMMUNITY ORGANIZATION(S). B. ANY SIGNIFICANT AFFILIATION AND/OR POSITION HELD BY SELF OR ANY IMMEDIATE FAMILY MEMBER WITH LOCAL BUSINESS ENTERPRISE(S). C. ANY OTHER SIGNIFICANT INVOLVEMENTS WITH ORGANIZATIONS THAT MAY CREATE AN INTEREST OR BIAS WITH RESPECT TO THE FOUNDATION'S ACTION. ANY POSSIBLE CONFLICTS SHALL BE DISCLOSED BEFORE ANY BOARD OR COMMITTEE MEETING DISCUSSION BEGINS. THE MINUTES OF THE MEETING SHALL REFLECT THIS DISCLOSURE. AFTER ACKNOWLEDGING THE POTENTIAL CONFLICT, THE BOARD/COMMITTEE/STAFF MEMBER/VOLUNTEER/CONTRACTOR MAY BRIEFLY ADDRESS THE OTHER MEMBERS REGARDING THIS MATTER. THE BOARD/COMMITTEE/STAFF/MEMBER/VOLUNTEER/CONTRACTOR MAY ALSO ANSWER PERTINENT QUESTIONS SINCE PERSONAL KNOWLEDGE ON THE ISSUE MAY BE OF ASSISTANCE TO THE OTHER MEMBERS IN REACHING THEIR DECISIONS. THE BOARD/COMMITTEE/STAFF MEMBER, HOWEVER, WILL ABSTAIN FROM VOTING ON THIS ISSUE. FORM 990, PART VI, SECTION C, LINE 19 AS A COMMUNITY CORPORATION, WE ARE ACCOUNTABLE TO THE PUBLIC. THE FOLLOWING ORGANIZATIONAL AND FINANCIAL DOCUMENTS OF CREF WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE NAPA VALLEY COMMUNITY FOUNDATION'S OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE: -IRS FORM 1023 - APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE - ARTICLES OF INCORPORATION - INTERNAL REVENUE SERVICE DETERMINATION LETTER - CALIFORNIA TAX EXEMPT LETTER - CONFLICT OF INTEREST POLICY - AUDITED FINANCIAL STATEMENTS - FORM 990S - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (PUBLIC INSPECTION COPY) THE PUBLIC INSPECTION COPY OF THE FORM 990 WILL NOT INCLUDE THE SCHEDULE OF CONTRIBUTORS (SCHEDULE B). FORM 990, PART VI, SECTION B, LINES 15A & 15B THE ORGANIZATION DOES NOT PAY ANY EMPLOYEES. COMMUNITY FOUNDATION OF THE NAPA VALLEY 3299 CLAREMONT WAY SUITE 4 NAPA CA 94558 680349777 TO MOBILIZE RESOURCES AND PROMOTE PHILANTHROPY IN NAPA COUNTY CA 501(C)(3) LINE 8 N/A 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 0