Loma Prieta Community Foundation
Nonprofit profile at a glance
- EIN
- 770001115
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Los Gatos, CA, USA
- Phone
- 4088347765
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $462,514
- Expenses
- $394,238
- Assets
- $492,594
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Nicole Gomez (Vice President)
- Sanjay Khandelwal (President)
Highest reported compensation
- Nicole Gomez (Vice President): $77,264 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Betterment of the community through education, cultural, social or other programs offered to the residents of the mountain community, which roughly corresponds to the boundaries of the Loma Prieta Joint Union School District.
What it reported doing in 2024
The organization supports various projects in the Loma Prieta Community. This includes improvements to the facilities, playgrounds and athletic fields that are used by both the schools and community members. The organization runs its own recreation program, and supports the development of the Loma Prieta Museum. The foundation also encourages participation in fundraising and community programs for the common good and to improve a sense of community for our local population.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Accountability: 69
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.1%; rating input score 85
- Program expense ratio: 99.4%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.8%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 19.6%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 85.1% of revenue deployed · 99.4% of spending went to programs
- Governance: 15 of 15 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $392K in reported program spending
- Leadership: top reported pay $77K · 15 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 20/100.