SCVAS Annual Report

The SCVAS Annual Report for Fiscal Year 2021-2022 is now available! You can also check out last year’s Financial Report.



Fiscal Year 2021-2022 Summary

These charts are also found in our Annual Report.

Income Chart 2021-2022

Income Table 2021-2022

Expenses Chart 2021-2022

Expenses Table 2021-2022

Notes on Fiscal Year 2021-2022

Santa Clara Valley Audubon Society (SCVAS) ended the 2021 – 2022 fiscal year (June 1, 2021 to May 31, 2022) with a realized profit of $90,805 before taking into consideration unrealized losses on the organization’s investment portfolio. Like many organizations, we saw the value of our investment portfolio decline
this fiscal year. We continually monitor our portfolio and make adjustments as necessary to the asset allocation. We believe our portfolio is well-balanced overall and conservative. However, due to the adverse market conditions this year, our investment portfolio generated unrealized losses and we thus ended the year with a decrease in Net Assets of $88,893. When compared to the prior fiscal year, revenue from Donations was up by 23% and revenue from Grants & Contracts was up by 26%. Total Operating Expenses increased by 16% when compared to the prior fiscal year. Our ratio of program expenditures to total spending was 87% for the year up from 85% in the prior year. The organization continues to be very focused on devoting its resources to programs. Fundraising expense was just under 4% for the year which was slight reduction from the prior year. Our Balance Sheet continues to be strong with $1.6 million in Total Equity at May 31, 2022, a slight reduction of 5% from the balance in Total Equity at May 31, 2021 due to the unrealized losses in the investment portfolio.

Santa Clara Valley Audubon Society is headquartered in Cupertino, CA, has
an Employer Identification Number (EIN) of 94-6081420, and is an Internal Revenue Code Section 501(c)(3) organization. Donations generally qualify as charitable deductions for federal income tax purposes. Please consult with a tax professional to determine the extent to which your contributions are deductible. SCVAS is classified by the IRS as a Charitable Organization with a ruling year of 1977. (Source: IRS Master Business File and Form 990)


IRS Forms 990

Additional Information