Peninsula Community Fdn in San Mateo, California (CA)

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Peninsula Community Fdn
Employer Identification Number (EIN)942746687
Name of OrganizationPeninsula Community Fdn
AddressSan Mateo, CA 94402
Tax Period2005
Asset Amount$519,889,063
Amount of Income$94,713,607
Form 990 Revenue Amount$94,713,607
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2005: $94,713,607
Peninsula Community Fdn: 

 $94,713,607
Other organizations performing similar types of work: 

 $18,946,686

Assets in 2005: $519,889,063
This organization: 

 $519,889,063
Other organizations performing similar types of work: 

 $79,452,997

Expenses in 2005: $96,923,455
This organization: 

 $96,923,455
Other organizations performing similar types of work: 

 $5,721,898

Income to expenses ratio in 2005: 1.0
Peninsula Community Fdn: 

 1.0
Other organizations performing similar types of work: 

 3.1

Expenses allocated to program services in 2005: 95.7%
Peninsula Community Fdn: 

 95.7%
Other organizations performing similar types of work: 

 87.6%

Number of employees in 2005: 52
This organization: 

 52
Other organizations performing similar types of work: 

 12

Employees paid over $50,000 in 2005: 50.0%
This organization: 

 50.0%
Other organizations performing similar types of work: 

 37.5%

Grants share in income in 2005: 67.9%
Peninsula Community Fdn: 

 67.9%
Other organizations performing similar types of work: 

 66.9%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$223,335,707$117,331,787$74,071,149$100,849,696$148,649,979$94,713,607
Contributions, gifts, grants, and similar amounts received$228,207,614$108,842,801$87,501,960$107,667,550$125,478,573$64,332,239
Contributions to donor advised funds
Direct public support$228,207,614$98,020,163$59,896,556$104,280,002$123,553,883$62,513,559
Indirect public support$0$10,822,638$27,605,404$0$0$0
Government contributions (grants)$0$0$0$3,387,548$1,924,690$1,818,680
Program service revenue including government fees and contracts$0$0$0$0$70,978$42,211
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,098,569$2,772,011$2,362,091$53,694$74,707$113,321
Dividends and interest from securities$10,532,697$11,367,586$6,988,959$8,619,902$10,840,134$18,482,952
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$1,841,191$-67,475$1,290,224$0
Gain or (loss) from sales of assets other than inventory$-16,550,116$-5,713,092$-24,777,919$-15,776,132$10,895,363$11,742,884
Gross amount from sales of assets other than inventory$519,415,339$526,235,834$230,702,431$139,741,463$270,596,577$182,324,965
Less: cost or other basis and sales expenses$535,965,455$531,948,926$255,480,350$155,517,595$259,701,214$170,582,081
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$46,943$62,481$154,867$352,157$0$0
Total expenses$105,690,105$70,022,637$72,907,691$56,675,281$117,290,242$96,923,455
Program services$103,402,456$66,677,097$69,861,078$53,502,304$113,514,827$92,733,879
Management and general$1,220,224$1,746,305$1,765,287$2,229,563$2,518,553$3,028,587
Fundraising$1,067,425$1,599,235$1,281,326$943,414$1,256,862$1,160,989
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$352,343,964$388,402,317$382,073,458$474,550,279$515,156,151$519,889,063
Excess or (deficit) for the year$117,645,602$47,309,150$1,163,458$44,174,415$31,359,737$-2,209,848
Net assets or fund balances at beginning of year$251,882,604$352,343,964$388,402,317$382,073,458$474,550,279$515,156,151
Other changes in net assets or fund balances$-17,184,242$-11,250,797$-7,492,317$48,302,406$9,246,135$6,942,760
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$96,923,455$92,733,879$3,028,587$1,160,989
Grants paid from donor advised funds
Other grants and allocations$88,698,665
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$415,465$138,489$138,489$138,487
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$3,763,783$2,206,970$980,091$576,722
Pension plan contributions not included above$335,150$187,073$99,908$48,169
Employee benefits not included above$546,899$318,880$109,429$118,590
Payroll taxes$303,593$177,928$77,997$47,668
Professional fundraising fees$0$0$0$0
Accounting fees$81,826$0$81,826$0
Legal fees$29,975$14,404$1,366$14,205
Supplies$93,421$51,946$29,397$12,078
Telephone$53,376$14,105$32,903$6,368
Postage and shipping$32,922$11,260$8,420$13,242
Occupancy$696,206$452,684$133,712$109,810
Equipment rental and maintenance$81,953$7,008$73,503$1,442
Printing and publications$451,486$451,486$0$0
Travel$83,230$47,928$24,816$10,486
Conferences, conventions, and meetings$74,378$53,427$12,956$7,995
Interest$3,153$0$3,153$0
Depreciation, depletion, etc.$212,231$113,180$71,279$27,772
Other expenses not covered above$965,743$-211,554$1,149,342$27,955
Balance Sheets
200020012002200320042005
Total assets$394,539,930$434,679,438$434,674,607$525,268,676$565,416,429$569,034,049
Cash - non-interest-bearing$223$321$321$320$320$600
Savings and temporary cash investments$27,769,827$16,284,506$10,376,595$6,422,152$11,507,962$10,659,499
Accounts receivable less allowance for doubtful accounts$128,128$913$45,453$17,624$0$321
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$1,362,076$1,997,573$2,470,370$2,138,457$1,804,319$7,751,274
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$434,958$279,591$1,282,242$910,800$2,965,109$1,727,424
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$40,708$46,679$78,302$49,223$48,610$94,104
Investments - publicly-traded securities
Investments - other securities$210,638,577$241,409,648$206,796,124$278,354,673$412,719,968$419,113,925
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$153,536,360$173,503,962$212,593,672$236,590,360$135,664,610$126,003,695
Land, buildings, and equipment less accumulated depreciation$510,577$1,139,560$997,125$781,378$695,423$605,353
Other assets, including program-related investments$118,496$16,685$34,403$3,689$10,108$3,077,854
Total liabilities$42,195,966$46,277,121$52,601,149$50,718,397$50,260,278$49,144,986
Accounts payable and accrued expenses$8,155,699$396,824$2,056,910$314,180$450,411$653,312
Grants payable$8,759,673$13,726,307$22,121,359$18,316,237$13,788,432$10,588,098
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$25,280,594$32,153,990$28,422,880$32,087,980$36,021,435$37,903,576
Total liabilities and net assets/fund balances$394,539,930$434,679,438$434,674,607$525,268,676$565,416,429$569,034,049
Total net assets or fund balances$352,343,964$388,402,317$382,073,458$474,550,279$515,156,151$519,889,063
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$223,335,707$117,331,787$74,071,149$100,849,696$148,649,979$94,713,607
Total revenue, gains, and other support per audited financial statements$209,220,533$96,590,917$34,882,107$152,417,760$171,226,983$104,002,389
Other expenses$-13,525,313$-8,064,843$-9,952,288$52,255,766$24,766,156$10,792,701
Net unrealized gains on investments$-17,538,032$-10,110,460$-10,059,044$49,052,055$12,858,009$6,440,680
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$4,012,719$2,045,617$106,756$3,203,711$11,908,147$4,352,021
Other revenue$589,861$12,676,027$29,236,754$687,702$2,189,152$1,503,919
Investment expenses$0$0$933,073$801,626$897,959$1,048,696
Other$589,861$12,676,027$28,303,681$-113,924$1,291,193$455,223
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$105,690,105$70,022,637$72,907,691$56,675,281$117,290,242$96,923,455
Total expenses and losses per audited financial statements$117,637,933$70,757,959$70,781,712$57,270,737$96,635,929$99,688,330
Other revenue$12,537,689$1,932,263$-754,576$1,459,777$-19,956,814$4,012,949
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$12,537,689$1,932,263$-754,576$1,459,777$-19,956,814$4,012,949
Other expenses$589,861$1,196,941$1,371,403$864,321$697,499$1,248,074
Investment expenses$0$886,546$933,073$801,626$897,959$1,048,696
Other$589,861$310,395$438,330$62,695$-200,460$199,378
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200652
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$26,589$30,312,568$42,211
Program service revenue
Program service revenue 1000000$000$0$42,211
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$113,321$0
Dividends and interest from securitiesSecurities, commodity contracts, and other financial investments and related activities$26,589Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$18,456,363$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$11,742,884$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$157,025$28,056$0
$128,852$23,174$0
$147,602$24,872$0
$128,852$20,634$0
$126,376$21,648$0
Total number of other employees paid over $50,00021
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001200220032004
Total$104,068,115$239,838,880$123,044,879$96,178,378$116,633,413$138,106,378
Gifts, grants, and contributions received$100,143,447$228,207,614$108,842,801$84,986,137$108,027,292$125,830,335
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$-9,132$0$0$0$0$70,978
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$3,933,800$11,631,266$14,139,597$9,351,050$8,673,596$12,205,065
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$62,481$1,841,191$-67,475$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1California Community Foundation221 S Figueroa St, Los Angeles, CA 90012-2524CA1980-07$979,441,828
2The San Diego Foundation2508 Historic Decatur Rd Ste 200, San Diego, CA 92106-6138CA1975-08$508,781,053
3Community Foundation Silicon ValleySan Jose, CA 95113CA$183,999,928
4Orange County Community Foundation4041 Macarthur Blvd Ste 510, Newport Beach, CA 92660-2503CA1994-11$124,381,598
5Marin Community Foundation5 Hamilton Landing Ste 200, Novato, CA 94949-8263CA1986-01$105,092,192
6Peninsula Community FdnSan Mateo, CA 94402CA$94,713,607
7San Francisco FdnSan Francisco, CA 94104CA$56,671,507
8Sacramento Region Community Foundation955 University Ave Ste A, Sacramento, CA 95825-6735CA1983-12$47,235,486
9Community Foundation Sonoma County250 D St Ste 205, Santa Rosa, CA 95404-4773CA1984-03$46,219,578
10Community Foundation4280 Latham St Ste C, Riverside, CA 92501-1737CA1997-06$33,644,776
11Wave Of Hope Foundation Inc555 Ocean Blvd, Long Branch, NJ 07740-5334NJ2007-06$45,192
12Tuscarawas County Community FoundationPO BOX 523, New Phila, OH 44663-0523OH2001-04$8,655,975
13San Antonio Area Foundation, Choose To Succeed Inc303 Pearl Pkwy Ste 114, San Antonio, TX 78215-1285TX2002-11$2,927,750
14United Charitable Foundation95 Elm St, W Springfield, MA 01089-2704MA2006-10$154,040
15Utah Community Foundation7410 Creek Rd Ste 301, Sandy, UT 84093-6151UT2003-03$132,941
16Stock & Stolon Club Inc29321 Plum Creek Drive, Spring, TX 77386TX2010-04$95,461
17Tico Torres Children Foundation Inc470 Mariner Drive, Jupiter, FL 33477FL2009-04$90,000
18San Elijo Hills Foundation1277 San Elijo Rd S, San Marcos, CA 92078-1073CA2005-11$9,777
19South Padre Island Community Foundation Inc, Matz Georgiana ChairmanPO BOX 2108, S Padre Isle, TX 78597-2108TX1999-02$8
20Gary D Stewart Trinity Foundation Inc, Halos And HopePo Box 208, Clinton, MS 39060MS2009-06$0
Number of organizations performing similar types of work
Alabama2
Arizona2
California24
Colorado4
Connecticut8
District of Columbia1
Delaware1
Florida14
Georgia2
Hawaii1
Iowa5
Idaho1
Illinois10
Indiana17
Kansas4
Kentucky2
Louisiana2
Massachusetts5
Maryland2
Maine1
Michigan17
Minnesota9
Missouri5
Mississippi3
Montana2
North Carolina9
North Dakota1
Nebraska2
New Hampshire1
New Jersey5
New York14
Ohio20
Oklahoma2
Oregon1
Pennsylvania14
South Carolina6
South Dakota3
Tennessee4
Texas28
Utah1
Virginia7
Vermont1
Washington5
Wisconsin9
West Virginia2
International1
Total280

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