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Nonprofit · EIN 26-4732039

PRESERVE COMMUNITY FOUNDATION

Tax-exempt · CARMEL, CA 93922

Financials

$1.8M$227K2023$2.5M$367K2024
Revenue Expenses · by fiscal year end
Financials of PRESERVE COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,526,201$366,621$2,159,580$5,480,927$0$5,480,927
December 31, 2023990$1,838,953$226,931$1,612,022$3,321,347$0$3,321,347
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,158,598
Program service revenue
$0
Investment income
$367,603
Net gain from sales of assets
$36,743
Other revenue
$0

Expenses

Grants and similar amounts paid
$346,904
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,800
Program services (functional)
$346,904
Management and general (functional)
$19,717

Balance sheet and other

Total assets, start of year
$3,321,347
Total assets, end of year
$5,480,927
Total liabilities, end of year
$0
Net assets, end of year
$5,480,927
Publicly traded securities
$5,361,259
Gross receipts
$4,030,385
Employees
0
Volunteers
0
Year formed
2009
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PAT FORESTERCHAIRMAN/DIRECTOR
Trustee or director, Officer
5$0
CAROLYN BLATMANSECRETARY/DIRECTOR
Trustee or director, Officer
5$0
PAT EASTMANTREASURER/DIRECTOR
Trustee or director, Officer
5$0
SAL GUTIERREZEMERITUS/DIRECTOR
Trustee or director
0$0
JEFF CHAMBERSDIRECTOR
Trustee or director
0$0
LINNEA GERBERDIRECTOR
Trustee or director
0$0
ZAN PEATDIRECTOR
Trustee or director
0$0
BARBARA THRASHERDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
PAT FORESTERCHAIRMAN/DIRECTOR
Trustee or director, Officer
5$0
CAROLYN BLATMANSECRETARY/DIRECTOR
Trustee or director, Officer
5$0
PAT EASTMANTREASURER/DIRECTOR
Trustee or director, Officer
5$0
SAL GUTIERREZEMERITUS
Trustee or director
0$0
JEFF CHAMBERSTRUSTEE
Trustee or director
0$0
LINNEA GERBERTRUSTEE
Trustee or director
0$0
ZAN PEATTRUSTEE
Trustee or director
0$0
BARBARA THRASHERTRUSTEE
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 222301, CARMEL, CA 93922-2301
In care of
% KEN BLUM
Mailing address (990-N for 2010)
57 POST STREET NO 510, SAN FRANCISCO CA 94104
Principal officer (990 for 2024)
PATRICIA K EASTMAN, PO BOX 222301, CARMEL, CA 93922
Principal officer (990-N for 2010)
SAL GUTIERREZ, 57 POST STREET SUITE 510, SAN FRANCISCO CA 94104
Signed the 990
PATRICIA K EASTMAN, TREASURER
Phone
(415) 981-2966
Return prepared by
CALEGARI & MORRIS ACCOUNTANTS

California records

California keeps its own records of charities and corporations. Search them by EIN 26-4732039 or by the name PRESERVE COMMUNITY FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE FOUNDATION'S PRIMARY MISSION IS TO PROVIDE FUNDS TO SUPPORT EDUCATIONAL SCHOLARSHIPS FOR ECONOMICALLY DISADVANTAGED CHILDREN IN MONTEREY COUNTY. SCHOLARSHIP GRANTS WILL COVER TUITION AND FEES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED SCHOLARSHIPS (BASED ON FINANCIAL NEED) TO HELP FAMILIES EDUCATE THEIR CHILDREN AT EDUCATIONAL INSTITUTIONS - $286,976BOYS & GIRLS CLUB OF MONTEREY COUNTY, COMMUNITY FOUNDATION AND RANCHO CIELO - GENERAL SUPPORT - $50,000EMERGENCY RELIEF FUND:EMERGENCY FINANCIAL AWARDS ARE GRANTED TO EMPLOYEES, THEIR SPOUSES AND THEIR CHILDREN IN CASES OF SERIOUS AND EXTRAORDINARY CIRCUMSTANCES SUCH AS MEDICAL EMERGENCIES, NATURAL DISASTERS OR OTHER UNFORSEEN LIFE-CHANGING EVENTS. THE FOUNDATION WILL NOT FUND CREDIT CARD EXPENSES, UTILITIY BILLS AND MINOR CAR/HOUSE REPAIRS, ABSENT EXCEPTIONAL CIRCUMSTANCES SUCH AS DISASTER RELIEF OR OTHER CATASTROPHIC EVENTS - $9,928
    Expenses $346,904 · grants $346,904

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-4732039
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$5,480,927
Income (IRS master file)
$4,030,385

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,526,201$366,621$5,480,927XML
990December 2023$1,838,953$226,931$3,321,347XML
990December 2022$196,862$181,085$1,709,325IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2010
Officer: SAL GUTIERREZ
December 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-4732039).

Questions about PRESERVE COMMUNITY FOUNDATION

What is the EIN of PRESERVE COMMUNITY FOUNDATION?
The employer identification number (EIN) of PRESERVE COMMUNITY FOUNDATION is 26-4732039.
Is PRESERVE COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to PRESERVE COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRESERVE COMMUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PRESERVE COMMUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PRESERVE COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PRESERVE COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names PATRICIA K EASTMAN.
Who are the officers and directors of PRESERVE COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does PRESERVE COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,526,201, expenses of $366,621 and total assets of $5,480,927 at year end.

Other nonprofits in CARMEL

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