Community Foundation of San Carlos

Nonprofit profile at a glance

EIN
842531005
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
San Carlos, CA, USA
Phone
6503393128
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$499,490
Expenses
$302,546
Assets
$3,054,350
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Linda Garvey (President)

People named in this filing

  • Linda Garvey (President)
  • Will Strohl (VP)
  • MICHAEL CAMPBELL (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of community foundation of san carlos is to amplify the work of nonprofits serving san carlos through grants from its endowment income & community donations to raise funds for special projects addressing community needs and to build a greater sense of community in san carlos through outreach community events.

What it reported doing in 2024

The community foundation of san carlos serves as a connector for the community and local organizations by identifying community needs sharing information and resources. We address identified community needs by bringing together local nonprofits businesses service organizations community leaders and donors to contribute time in-kind goods & services and financial resources to create sustainable solutions. The focus of 2024 was on supporting our community members while celebrating the rich and diverse heritage that comprise our community. During the fiscal year we awarded $150,000 grants to 16 area nonprofits. In addition the community foundation of san carlos supported a wide variety of community events and celebrations including public art projects.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.9%; rating input score 91
  • Program expense ratio: 91%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 10.1; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 22.1% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -35.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 90.9% of revenue deployed · 91% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $275K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 44 of 44 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.