BAYMEC COMMUNITY FOUNDATION

EIN: 464152850 501(c)(3) Human Services

San Jose, CA

Total Revenue
$289,205
Total Expenses
$58,612
Total Assets
$332,420
Net Assets
$332,420
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
KEN YEAGER
Phone
4083912321
Tax Period
2023-01-01 to 2023-12-31

BAYMEC COMMUNITY FOUNDATION, founded in 2013, is a small nonprofit in the Human Services sector that reported $289K in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 80% operating margin.

Mission

The BAYMEC Community Foundation is dedicated to the creation of a more equal future for the lesbian, gay, bisexual, transgender, queer, and questioning (LGBTQ+) community in Silicon Valley and neighboring regionsThrough a balanced approach of equitable programs, the BAYMEC Community Foundation (BCF) strives to engage in community discussion on LGBTQ inclusion and equal rights, ensure the equal access of LGBTQ-supportive safety-net services, chronicle local LGBTQ history and culture, and foster the next generation of LGBTQ leaders.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $289,205
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $289,205

Expense Breakdown

Grants Paid $9,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,087
Other Expenses $49,112
TOTAL EXPENSES $58,612

Year-over-Year Comparison

2023 2022 Change
Revenue $289,205 $131,374 +1.2%
Expenses $58,612 $95,372 -0.4%
Net Income $230,593 $36,002 +5.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN YEAGER Executive Dir. 0.50
Officer Director
$0 $0 $0
JAMES GONZALEZ President 0.50
Officer Director
$0 $0 $0
LESLEE HAMILTON Secretary 0.50
Officer Director
$0 $0 $0
DENNIS CHIU Treasurer 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $289,205 $58,612 $332,420 $230,593
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