Los Gatos Thrives Foundation
Nonprofit profile at a glance
- EIN
- 933244947
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Los Gatos, CA, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $45,078
- Expenses
- $27,877
- Assets
- $25,149
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MATTHEW HUDES (VICE-PRESIDENT)
- SAMUEL T PICRAUX (PRESIDENT)
People named in this filing
- TIMOTHY LUNDELL (TREASURER)
- ANTHONY ALARCON (DIRECTOR)
- MATTHEW HUDES (VICE-PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the los gatos thrives foundation is to sponsor and support programs and facilities that create a sense of community and belonging. Top priorities include supporting the creation of a new modern community center for the town of los gatos and assisting other organizations that promote community well-being.
What it reported doing in 2024
Organized and sponsored a monthly morning movie screening open to the public to foster a sense of community and promote awareness of the organizations mission. A nominal nondeductible charge less than fair market value was collected to help cover expenses and support the organizations goals.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.4%; rating input score 54
- Program expense ratio: 88%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 38.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -40.2% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -10.1% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: 103.9% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 54.4% of revenue deployed · 88% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $25K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.