2024-11-15T13:29:05-08:00 2023-12-31 830534566 Balarsky & Beebout CPAs 6920 Fair Oaks Blvd Ste 205 Carmichael CA 95608 990 2023-01-01 942891517 Sacramento Region Community Foundation SACR 9169217723 955 University Avenue Suite A Sacramento CA 95825 Naomi Wilson CFO 2024-11-14 true true Steven J Olds CPA P01343979 9169212600 2023 2024-10-15 13:58:12Z Kerry Wood 955 University Avenue Suite A Sacramento CA 95825 66973387 false X www.sacregcf.org X 1983 CA The Sacramento Region Community Foundation leads, serves, and inspires enduring philanthropy for a just and vibrant Sacramento region. 18 18 20 50 1459755 1097152 22811873 62010597 115295 125550 5927556 3626456 1903 29094 28856627 65791697 24528949 24487136 0 2175277 2023603 0 764204 4702239 4629895 31406465 31140634 -2549838 34651063 171123142 222642438 10440453 8685290 160682689 213957148 X The Sacramento Region Community Foundation leads, serves, and inspires enduring philanthropy for a just and vibrant Sacramento region. false false 15977901 13583210 43605818 Donor Advised and Unrestricted Grantmaking: Since the Sacramento Region Community Foundation was founded in 1983 by local leaders, we have been a primary provider of philanthropic services. Like other place-based community foundations across the United States and around the world, the Foundation promotes philanthropy that is visionary, strategic, and inclusive, making it a catalyst for transforming the region. The Foundation manages hundreds of charitable funds for local families, businesses, and nonprofits. Thanks to the generosity of its donors who are pivotal partners in its work to transform and enrich California's capital region, the Foundations annual grant awards to nonprofit organizations from its charitable funds have grown from over $272,000 in 1983 to nearly $14 million in 2023.(Continued at Schedule O.) 9699675 9223390 8570683 Expanding Philanthropy and the Social Economy: This Strategic Initiative leads to a more generous region by promoting individual philanthropy through such activities as Big Day of Giving and the GivingEdge regional nonprofit database, creating stronger nonprofits through leadership development, donor stewardship and fundraising, and advancing collaboration among nonprofit organizations. For example, Big Day of Giving, the annual giving day that has generated more than $91 million from generous donors for hundreds of local nonprofits since its inception in 2013, is a yearlong, communitywide movement to make philanthropy accessible to everyone in the capital region.(Continued at Schedule O.) 1584104 1007444 387095 The Foundation manages over 50 scholarship funds, which were established by local individuals, families, businesses, and organizations. Our scholarships provide tuition assistance and recognition to local students as they strive to achieve a wide range of goals through the pursuit of higher education.Each scholarship fund has its own unique criteria for selecting recipients, including academic achievement, financial need, educational and career goals, community involvement and ethnic background. Annual scholarship awards range from $500 to $10,000 and may be used for accredited academic and vocational training programs. In 2023, the Foundation awarded over $1 million to more than 400 students. 454695 109832 27716375 true true false false false true false false false true true false false false true true false true false false true false false false false false false true true true false false false false false false false false false false false false true true true false false false true 32 0 true 20 true true true false false false false false false 0 false false false false false false false X 18 18 false false false false false false false true true false true true true true true true true true true false false CA X X Sac Region Comm Fd 9169217723 955 University Ave Sacto CA 95825 Kerry Wood CEO 40.00 0.00 X 245600 0 19648 Edward Harris CFO 40.00 0.00 X 168000 0 14334 Nakisha Nesmith Chief Impact Offic 40.00 0.20 164296 0 13144 Kelly Skiefkin Chief Philanthropy 40.00 0.20 120165 0 0 Naomi Wilson CFO 40.00 0.00 X 86804 0 5313 Kate Stille Board Director 1.00 0.10 X 0 0 0 Kathy McKim Chair 2.00 0.00 X X 0 0 0 Garry Maisel Vice Chair 1.00 0.00 X X 0 0 0 Cassandra Walker Pye Secretary 1.00 0.00 X X 0 0 0 Jonathan Lederer Treasurer 1.00 0.00 X X 0 0 0 Karen Baker Board Director 1.00 0.00 X 0 0 0 Elaine Abelaye-Mateo Board Director 1.00 0.00 X 0 0 0 Bret Hewitt Board Director 1.00 0.00 X 0 0 0 Kwame Anku Board Director 1.00 0.00 X 0 0 0 Gordon Fowler Board Director 1.00 0.00 X 0 0 0 William Niemi Board Director 1.00 0.00 X 0 0 0 Renee Nunes Taylor Board Director 1.00 0.00 X 0 0 0 Scott Syphax Board Director 1.00 0.00 X 0 0 0 Steven Weiss Board Director 1.00 0.00 X 0 0 0 Kate Willcox Board Director 1.00 0.00 X 0 0 0 Angela DePaoli Board Director 1.00 0.00 X 0 0 0 Matthew Jacobs Board Director 1.00 0.00 X 0 0 0 Vince Sales Board Director 1.00 0.00 X 0 0 0 784865 52439 4 false true false Crewcial Partners LLC PO Box 2008 River Vale NJ 07675 Investment consulting 137099 Halstead LP PO Box 255732 Sacramento CA 95865 Rent 169972 2 2545293 242349 59222955 62010597 Big Day of Giving 561000 125550 125550 125550 2785716 1459755 1325961 0 0 0 2022430 1181690 840740 840740 840740 0 0 0 Miscellaneous 900099 29094 29094 29094 65791697 154644 1459755 2166701 23992486 23992486 494650 494650 0 0 413600 161930 171142 80528 0 1256496 491936 519922 244638 105075 41139 43478 20458 128811 50432 53300 25079 119621 46833 49498 23290 0 81556 50856 14743 15957 115239 71860 20831 22548 0 0 3241981 1769020 1472961 335395 209145 60628 65622 120592 61116 19538 39938 24936 7287 10938 6711 140498 49602 46199 44697 0 169972 52561 80014 37397 0 0 52311 16050 14223 22038 0 0 23327 7213 10982 5132 24425 8623 10769 5033 Board Meeting Expenses 62902 19299 17103 26500 Sponsorships 42223 21399 6841 13983 Donor Development 38071 19294 6168 12609 Printing and Publications 34549 11763 3117 19669 121918 61881 27660 32377 31140634 27716375 2660055 764204 624629 1582801 442055 9128 13350 11951 5132235 3307323 0 0 0 0 168891 143532 314061 282256 48903 31805 160632497 213495316 0 0 54744 54744 4005838 4005838 171123142 222642438 346884 650160 546704 184101 596350 585240 8950515 7265789 10440453 8685290 X 153989726 207764120 6692963 6193028 160682689 213957148 171123142 222642438 X 34651063 18839702 -216306 X false true X true false X 13083867 20799582 70128983 20616703 62010597 186639732 0 0 13083867 20799582 70128983 20616703 62010597 186639732 3111925 183527807 2630393 1225253 2121737 1691287 2785716 10454386 0 13719 264910 1903 29094 309626 197403744 0.92970 0.90330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 315 292 45293596 4610268 15748899 3760036 115143779 77488783 true true 113065763 2946494 17746064 3428615 13801 2310995 128004910 144337504 1197355 -22258189 7832248 5974 2372684 113065764 125051972 5122827 20755238 3401077 2283 3189173 144337504 111031760 3313002 15552518 3355600 4194 1485514 125051972 97215295 1146340 17193249 2884440 166808 1471876 111031760 0.03000 0.97000 false false false 314061 282256 31805 31805 Charitable remainder trusts 1177268 Liability for trusteed assets 5917395 Split interest agreements 171126 7265789 X Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Sacramento Library Foundation (SLF) held certain assets that benefited the Sacramento Public Library. These included three endowments and an art piece by Wayne Thiebaud titled River Views. In 2021, the Foundation entered into agreements with the SLF to transfer the endowments and ownership of the painting to the Foundation. Under the terms of the transfer of the painting, the Foundation agreed to abide by the terms of the original 2003 donation letter from the artist to the SLF. Under this agreement, the painting was placed on permanent display in a public setting at the Sacramento Public Library's Sacramento Room. The transfer of ownership was submitted to and approved by the California Secretary of State. Additionally, the Foundation entered into a separate art loan agreement with the SPL. Under this agreement, SPL agreed to maintain insurance for the painting at an amount not less than its appraised value and SPL would be responsible for loss or damage. In addition, the Foundation is named as an additional insured on the SPL policies and that any insurance proceeds received by SPL would be sent to the Foundation. The painting was appraised in March of 2021 for $4,000,000. Part V, Line 4: Intended uses of the endowment fund. Part V, Line 4:Endowment funds generate earnings that have been appropriated for expenditure and will be paid out in the form of grants, program expenses and/or expenses necessary to maintain the investment assets.Part X, Line 2:The Foundation is a nonprofit corporation exempt from federal income taxes under Internal Revenue Code Section 501(C)(3) and from State of California income taxes, except on unrelated business income. Therefore, these consolidated financial statements contain no provision for such taxes. Informational returns are filed annually with federal and state taxing authorities. The Foundation is not aware of any transactions that would affect its tax-exempt status. The Foundation had no unrecognized tax benefits as of December 31, 2021 and 2020, respectively.Part V, Line 2A - Endowment Funds:The Foundation has variance power with the ability to modify any restriction or condition on the distribution of funds for any specified charitable purpose or to specified organizations if, in the sole judgment of the board such restriction or condition becomes, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community or area served. Based on this provision, all endowed funds are considered to be quasi-endowed, consistent with the audited financial statements. Part X : FIN48 Footnote The Foundation is a nonprofit corporations exempt from federal income taxes under Internal Revenue Code section 501(c)(3) and from State of California income taxes, except on unrelated business income. Therefore, the Foundation's financial statements contain no provision for income taxes. Informational returns are filed annually with federal and state taxing authorities. The Foundation is not aware of any transactions that would affect its tax-exempt status. The Foundation had no unrecognized tax benefits as of December 31, 2021 and 2020. The Foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. For the year ended December 31, 2021, there were no tax interest or penalties recorded in the statements of activities and changes in net assets. Central America & Caribbean 0 0 Investments 0 East Asia & The Pacific 0 0 Investments 0 Europe 0 0 Investments 0 false false false false false false Part I, Line 3f - Method of Accounting Accrual Method true See Attachment See Attachment Sacramento CA 95825 23992486 0 See Attachment 822 1 Scholarships 183 494650 Grantmaker's Description of How Grants are Used Grants provided to 501(c)(3) organizations are accompanied by a letter stating the use restrictions of the funds, if any.Grants provided to organizations other than a 501(c)(3) organization go through an expenditure responsibility process if it is from a donor advised fund. After an initial check of the organization's charitable status, 1) an inquiry is made regarding legal organization/major programs. If the organization's information falls within the grant's parameters, the grantee 2) must sign a grant agreement covering use of funds, expenditure reporting and responsibilities. The grant is issued after successful completion of the documentation. Reporting is reviewed when received as detailed in the grant agreement. Any issues with expenses, use, purpose, etc., would be addressed with the grantee. If funding is not from a donor advised fund, the Foundation obtains documentation that the grant will be used for charitable purposes. X X false false false false false false false false false Edward Harris CFO 168000 14334 182334 Kerry Wood CEO 245600 19648 265248 Nakisha Nesmith Chief Impact Offic 164296 13144 177440 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Leadership Statement: Together with our fundholders, the Foundation is proud to elevate philanthropy and its impact in our region. For over 40 years, the Foundation has helped our collective giving make the greatest positive impact throughout the four counties we serve: El Dorado, Placer, Sacramento, and Yolo. We do this by focusing on the underlying causes of local challenges, seeking solutions with lasting results, and supporting the organizations that tend to the vital needs of the capital area -- after all, creating the conditions for meaningful transformation is our specialty at the Foundation. With your support, the Foundation is proud to elevate philanthropy and its impact in our region. If you believe as we do that working together to forge upstream solutions is the best way to strengthen our region, join our work and learn more at www.sacregcf.org. Form 990, Part VI, Section A, Line 1a The sole power of the Executive Committee is to decide on matters that, in the judgment of the Board Chair or any two members of the Executive Committee, pertain to donor need and are urgent such that it cannot wait until the next board meeting. The Executive Committee is composed of the Board Chair, Vice Chair, Secretary, Treasurer, immediate Past Chair and one other director selected by the Board. Form 990, Part VI, Section B, Line 11b Staff, with the assistance of the organization's accounting firm, prepares the return. The accounting firm reviews the return and prepares a final draft for the governing board for review. Any questions/issues from the board are addressed and adjusted on the return, as necessary. Upon final approval, the accounting firm prepares the final return for staff filing. Form 990, Part VI, Section B, Line 12c Conflict of interest disclosure forms are completed by all board members, staff and volunteers annually. Staff is made aware of any conflicts of interest and monitor gift, grant and vendor payables activity throughout the year for any receipts or disbursements which may create conflicts of interest or would be otherwise prohibited.If conducting the affairs of the foundation, duality or conflict of interest shall be presumed when a person to whom this policy applies or a member of his or her immediate family serves as a trustee, officer, staff member or holder of more than ten percent of corporate stock of an affected organization or firm, has a formal affiliation or interest in an affected organization or firm, or could expect financial gain or loss from a particular decision. Before a staff, board or volunteer committee member begins his or her service with the Foundation. He/she shall file with the CEO of the Foundation a list of his or her principal business activities, as well as involvement with other charitable and business organizations, vendors or any other affiliations that might produce a conflict of interest. That list will be updated annually.In addition to the disclosure required by the previous paragraph, each member is under an obligation to the Foundation, to his or her fellow staff or volunteers, and to the community served by the Foundation to inform the Foundation of any position he or she holds or of any business or a vocational activity that may result in a possible conflict of interest or bias for or against a particular grantee, action or policy, at the time such grant, action or policy is under consideration by the board or any volunteer committee of the Foundation. Any duality or possible conflict of interest on the part of any member shall be disclosed to the chair of the board, in the case of volunteers, or the CEO, in the case of staff members, and made a matter of record as soon as the issue in question is raised and a possible conflict is known. When the board, committee or staff is to decide upon an issue about which a member has an unavoidable conflict of interest, that member shall physically absent herself or himself without comment from not only the vote, but also from the deliberation, unless directly requested by the chair of the board or relevant committee to provide factual information or answer factual questions that may assist the board or committee in making a wise decision. In no case shall that member vote on such matter or attempt to exert personal influence in connection therewith. Disclosure and abstention shall be recorded in the minutes of the meetings at which the issue is discussed and decided. In any situation not specifically covered by the previous sections of this policy, members shall consider carefully any potential conflict of their personal interests with the interests of the Foundation and refrain from any action that might be perceived as an actual or apparent conflict of interest. Form 990, Part VI, Section B, Line 15a The CEO compensation is benchmarked against both local like-size nonprofit organizations such as the United Way, and sector information using comparative data of 30 community foundations compiled annually by the League of California Community Foundations. Further, the board chair and immediate past chair are responsible for conducting an annual review which is tied to the organization's strategic goals of leadership, asset development, visibility and operational excellence and based on the outcomes of a comprehensive business plan. Any adjustment in CEO salary is included in the annual budget presented to the board and documented in the minutes as part of the budget discussion. That adjustment is then further discussed based on the review mentioned above with the entire board as part of an executive session. The minutes of that meeting reflect that an executive session was held for the express purpose of discussing CEO compensation. Form 990, Part VI, Section C, Line 19 The governing documents and conflict of interest policy are made available by written request to the Foundation. The Foundation's audited financial statements are available on our website. Form 990, Part XI, Line 9 Change in value of split interest agreements = -$216306 Form 990, Part III, Line 4a The Foundation's grants have totaled more than $200 million since the Foundation's inception, making us, alongside our fundholders, a leading Grantmaker in the region. Guided by our mission, we are moving the capital area forward in the areas where we know strategic philanthropy can be a catalyst for change. For the past eight years, we have led efforts, through four Strategic Initiatives: 1) to grow local giving and build nonprofit capacity, 2) close gender and racial gaps in access to higher education, 3) strengthen the food system that feeds our region's hungry, and 4) foster a vibrant creative ecosystem. Our leadership in these areas reflects our vision for a flourishing Sacramento region, one marked by inclusivity and equity, and pride in our community. Form 990, Part III, Line 4b In 2023, the Foundation provided robust training and collaboration opportunities to over 750 participating nonprofits. As a result, 31,000 donors made more than 55,000 gifts through Mighty Cause, the online database that powers Big Day of Giving, and raised $13.8 million during the 2023 giving day. LISTOS California Statewide Grant program: Leveraging funding from the State and local philanthropy, this project helps raise the profile of disaster preparedness in the Greater Sacramento region by deploying disaster preparedness materials to vulnerable populations with key social vulnerability factors located in areas at moderate to high risk from natural hazard. The Foundation partnered with eight local nonprofits and granted $250,000 in funding to support disaster training and resources to vulnerable and diverse populations. To date, over 9,000 residents in Sacramento County have been served as part of this effort. Guided by our mission, this work is intended to strengthen neighborhoods by increasing disaster preparedness, response, recovery, and mitigation capabilities across the region. Form 990, Part III, Line 4c The Capital Area Promise (CAP) Scholars program, the Foundation's program to increase college completion rates among local students who are traditionally underrepresented in higher education, pairs strategic, need based scholarships with college readiness services that promote college attainment and completion, the Foundation and its partners aim to help more young people overcome barriers to success and achieve their college goals. In 2021, the Foundation awarded 142,000 in scholarships to 62 CAP Scholars. In total the Sacramento Region Community Foundation awarded 403 scholarships totaling over $1 million. Form 990, Part III, Line 4d Leadership Statement: Together with our fundholders, the Foundation is proud to elevate philanthropy and its impact in our region. For nearly 40 years, the Foundation has helped our collective giving make the greatest positive impact throughout the four counties we serve: El Dorado, Placer, Sacramento, and Yolo. We do this by focusing on the underlying causes of local challenges, seeking solutions with lasting results, and supporting the organizations that tend to the vital needs of the capital area - after all, creating the conditions for meaningful transformation is our specialty at the Foundation. With your support, the Foundation is proud to elevate philanthropy and its impact in our region. If you believe as we do that working together to forge upstream solutions is the best way to strengthen our region, join our work and learn more at www.sacregcf.org. SRCF Holdings LLC 955 University Avenue Suite A Sacramento CA 95825 942891517 Real Estate Holdings CA Sacramento Region Community Foundation SCRF Holdings 2 LLC 955 University Avenue Suite A Sacramento CA 95825 942891517 Real Estate Holdings CA Sacramento Region Community Foundation SRCF Supporting Organization 955 University Avenue Suite A Sacramento CA 95825 465335623 Supporting the mission of Sacramento Reg CA 501(c)(3) Line 12A, I Sacramento Region Community Foundation true The James B McClatchy Foundation 740 University Ave Ste 150 Sacramento CA 95825 680283878 Educational Grantmaking CA 501(C)(3) Line 12A, I NA false Charitable Remainder Trusts4 955 University Avenue Suite A Sacramento CA 95825 Generate Income for Beneficiaries CA NA Trust true false false true false false false false false false false false false false false false false false false false SRCF Supporting Organization c 5011158 FMV