THE INVERNESS FOUNDATION

EIN: 946128974 501(c)(3)

INVERNESS, CA

Total Revenue
$50,417
Total Expenses
$36,295
Total Assets
$1,113,992
Net Assets
$1,113,992
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
CA
Principal Officer
Kathy Hartzell
Tax Period
2023-07-01 to 2024-06-30

THE INVERNESS FOUNDATION, founded in 1966, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $14K, a strong 28% operating margin.

Mission

MAINTAIN AND PRESERVE INVERNESS, MARIN COUNTY, CALIFORNIA

Program Service Accomplishments

Program 1
Expenses: $30,020

In this tax year, the Inverness Foundation continued to perform maintenance on its iconic and historic building, The Gables, which houses the Marin County Public Library and the Jack Mason Museum of...

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In this tax year, the Inverness Foundation continued to perform maintenance on its iconic and historic building, The Gables, which houses the Marin County Public Library and the Jack Mason Museum of West Marin History.There was significant storm damage to the property surrounding the Gables, which required expenditures related to tree removal, fence repair, and similar activities. Other tree trimming activities were undertaken to reduce fire hazards around The Gables. In addition, the Inverness Foundation continued its work maintaining the many trails that the public uses to get to beaches, the post office and hiking trails. One of our parcels got attention in cleanups and defensible space work as well. The Jack Mason Museum of West Marin History (A Committee of the IF) mounted more exhibits in the tax year, including one related to the history of the Inverness Public Utility District. The Inverness Foundation made several donations to nonprofit organizations, including the organization that puts on an annual Shakespeare outdoor theatre production. Likewise, the local AA group continues meeting in the library late in the year on Sunday mornings. The Inverness Foundation has held board meetings in the meeting room, but we have also accommodated directors and Inverness Foundation members who may live out-of-town with an alternative zoom meeting option.

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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 $42,056
Program Service Revenue $1,135
Investment Income $13,300
Other Revenue $-6,074
TOTAL REVENUE $50,417

Expense Breakdown

Grants Paid $1,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,020
Other Expenses $34,895
TOTAL EXPENSES $36,295

Year-over-Year Comparison

2023 2022 Change
Revenue $50,417 $44,828 +0.1%
Expenses $36,295 $34,318 +0.1%
Net Income $14,122 $10,510 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
9

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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANgela Whitney Director 1.00
Director
$0 $0 $0
William Barrett Vice President 1.00
Director
$0 $0 $0
Tom Gaman Director 5.00
Director
$0 $0 $0
Kathy Hartzell President 10.00
Director
$0 $0 $0
Catherine Caulfield Vice President 5.00
Director
$0 $0 $0
John Longstreth Treasurer 5.00
Director
$0 $0 $0
Andrew Buckingham Director 1.00
Director
$0 $0 $0
Bob Johnston Director 1.00
Director
$0 $0 $0
Seana Quinn Secretary 1.00
Director
$0 $0 $0
Alex Porrata Director 5.00
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
2025 No data No data No data No data
2024 $50,417 $36,295 $1,113,992 $14,122
2023 $44,828 $34,318 $1,104,699 $10,510
2022 $50,136 $19,097 $1,084,085 $31,039
2021 $57,356 $24,654 $1,092,796 $32,702
2019 $58,592 $62,941 $1,038,308 $-4,349
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