Civic Intelligence

Mbx Foundation Inc

990 • Fiscal year 2020 • EIN 02-0603467

Jan 01, 2020 to Dec 31, 2020 • Filed on May 24, 2021

1097 Aviation BlvdHermosa Beach, CA 90254

(310) 415-5827

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

100th percentile

211%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$110,000

Higher top officer pay than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Down

$2,624,409

Down $558,476 (-18%) from 2019

Net Assets

Down

$2,439,107

Down $729,069 (-23%) from 2019

Liabilities

Up

$185,302

Up $170,593 (+1160%) from 2019

Revenue

Down

-$346,023

Down $1,040,252 (-150%) from 2019

Expenses

Up

$383,254

Up $99,455 (+35%) from 2019

Net Income

Down

-$729,277

Down $1,139,707 (-278%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,067,584Liabilities 2010: $380,494Net Assets 2010: $687,0902010Assets 2011: $1,744,358Liabilities 2011: $10,810Net Assets 2011: $1,733,5482011Assets 2012: $2,352,153Liabilities 2012: $80,680Net Assets 2012: $2,271,4732012Assets 2013: $3,122,864Liabilities 2013: $165,186Net Assets 2013: $2,957,6782013Assets 2014: $3,597,302Liabilities 2014: $167,307Net Assets 2014: $3,429,9952014Assets 2015: $3,963,451Liabilities 2015: $167,726Net Assets 2015: $3,795,7252015Assets 2016: $4,480,380Liabilities 2016: $205,268Net Assets 2016: $4,275,1122016Assets 2017: $3,247,732Liabilities 2017: $205,916Net Assets 2017: $3,041,8162017Assets 2018: $2,767,386Liabilities 2018: $9,640Net Assets 2018: $2,757,7462018Assets 2019: $3,182,885Liabilities 2019: $14,709Net Assets 2019: $3,168,1762019Assets 2020: $2,624,409Liabilities 2020: $185,302Net Assets 2020: $2,439,1072020Assets 2021: $3,860,266Liabilities 2021: $0Net Assets 2021: $3,860,2662021Assets 2022: $4,101,432Liabilities 2022: $5,222Net Assets 2022: $4,096,2102022Assets 2023: $4,112,901Liabilities 2023: $38,604Net Assets 2023: $4,074,2972023Assets 2024: $4,827,212Liabilities 2024: $27,771Net Assets 2024: $4,799,4412024

Highlighted filing

2020

Assets$2,624,409
Liabilities$185,302
Net Assets$2,439,107

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $315,9012010Expenses 2011: $1,021,7222011Expenses 2012: $299,0932012Revenue 2013: $735,531Expenses 2013: $49,326Net Income 2013: $686,2052013Revenue 2014: $632,469Expenses 2014: $160,152Net Income 2014: $472,3172014Revenue 2015: $836,278Expenses 2015: $470,548Net Income 2015: $365,7302015Revenue 2016: $640,332Expenses 2016: $160,945Net Income 2016: $479,3872016Revenue 2017: $1,006,676Expenses 2017: $2,195,501Net Income 2017: -$1,188,8252017Revenue 2018: $437,155Expenses 2018: $721,543Net Income 2018: -$284,3882018Revenue 2019: $694,229Expenses 2019: $283,799Net Income 2019: $410,4302019Revenue 2020: -$346,023Expenses 2020: $383,254Net Income 2020: -$729,2772020Revenue 2021: $3,883,415Expenses 2021: $2,462,256Net Income 2021: $1,421,1592021Revenue 2022: $4,651,808Expenses 2022: $4,461,851Net Income 2022: $189,9572022Revenue 2023: $4,970,679Expenses 2023: $5,026,357Net Income 2023: -$55,6782023Revenue 2024: $5,535,525Expenses 2024: $4,812,196Net Income 2024: $723,3292024

Highlighted filing

2020

Revenue-$346,023
Expenses$383,254
Net Income-$729,277
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 24, 2021
Return Version
2020v4.0
Gross Receipts
$2,201,910
Mission and Program Overview

Mission

To provide grants for athletic and certain academic programs for the Manhattan Beach Unified School District

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,875,162$2,376,832▼ $498,330
Cash and Non-Interest-Bearing Accounts$307,723$247,577▼ $60,146
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,182,885$2,624,409▼ $558,476
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$176,304-
Other Liabilities$14,501$8,998▼ $5,503
Total Liabilities$14,501$185,302▲ $170,801
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,168,384$2,439,107▼ $729,277
Total Net Assets Fund Balance$3,168,384$2,439,107▼ $729,277
Total Liabilities and Net Assets / Fund Balance$3,182,885$2,624,409▼ $558,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer WilliamsExecutive DirectorFT$110,000$110,000

Board Members and Trustees

NameTitle
Susy WerrePresident & CEO
Andrea RaneyDirector
Bill FournellDirector
Bonnie DarrowDirector
Ed McKeeganDirector
Katie DriscollDirector
Patty AckermanDirector
Pennie StepcyzkDirector
Stephanie MibuDirector
Paul HoffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,080
Program Service Revenue
$0
Investment Income
$4,631
Other Revenue
$-361,734
All Other Contributions
$11,080
Change in Net Assets
$-729,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,446
Other Expenses$167,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$110,000--$110,000
Payroll Taxes$60,951--$60,951
Other Salaries and Wages$44,495--$44,495
Other Expenses$4,528$15,211-$4,528
All Other Expenses$2,475--$2,475
Total Functional Expenses$368,043$15,211$0$383,254
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,547,933
Fundraising Gross Income$2,186,199
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster clubs$1,490,344$1,490,344$1,747,888$-257,544
Summer School/Programs$605,816$605,816$506,976$98,840
Total Events$2,185,817$2,185,817$2,545,892$-360,075
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxes$8,998
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

One director prepares return, other directors review at Board meeting

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Organization requires annual updates to conflict of interest questionaaire

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
MBX Foundation
EIN
02-0603467
Phone
3104155827
Address
1097 Aviation Blvd, Hermosa Beach, CA 90254

Signing Officer

Name
Paul Hoffman
Title
Treasurer
Signed
2021-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Hoffman
Formed
2002
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
72
Volunteers
200

Preparer

Firm
Wayland & Vukadinovich LLP
Address
1097 Aviation Blvd, Hermosa Beach, CA 90254
Preparer
Gary Wayland
Phone
3103760455
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IRS990/PayrollTaxesGrp/TotalAmt060951
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Paul Hoffman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03050
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07662
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt055794
IRS990/PYOtherRevenueAmt0683517
IRS990/PYRevenuesLessExpensesAmt0410430
IRS990/PYSalariesCompEmpBnftPaidAmt0228005
IRS990/PYTotalExpensesAmt0283799
IRS990/PYTotalRevenueAmt0694229
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-729277
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02875162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02376832
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt011080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015130
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0215913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0295706
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04631
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07662
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07645
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08535
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015866
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0-361734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0577746
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0414379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0782228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0573933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01986552
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04631
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07662
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08535
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044339
IRS990ScheduleA/InvestmentIncomeCYPct00.01910
IRS990ScheduleA/InvestmentIncomePYPct00.02040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98090
IRS990ScheduleA/PublicSupportPY509Pct00.97960
IRS990ScheduleA/PublicSupportTotal509Amt02282258
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0-350654
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0580796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0429509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0998141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0624466
IRS990ScheduleA/Total509Grp/TotalAmt02282258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0-346023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0588458
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0437154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01006676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0640332
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02326597
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll taxes
IRS990ScheduleD/TotalLiabilityAmt08998
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02545892
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Booster clubs
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Summer School/Programs
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01490344
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0605816
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt089657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt02185817
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01490344
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0605816
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt089657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt02185817
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-360075
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0291028
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02545892
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01747888
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0506976
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0One director prepares return, other directors review at Board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization requires annual updates to conflict of interest questionaaire
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03182885
IRS990/TotalAssetsEOYAmt02624409
IRS990/TotalAssetsGrp/BOYAmt03182885
IRS990/TotalAssetsGrp/EOYAmt02624409
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011080
IRS990/TotalEmployeeCnt072
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015211

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$0.03$4.80$5.54$4.81$0.72
2023Detailed filing. Detailed filing data is available for this year.$4.11$0.04$4.07$4.97$5.03$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$0.01$4.10$4.65$4.46$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$0.00$3.86$3.88$2.46$1.42
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.19$2.44$0.35$0.38$0.73
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.18$0.01$3.17$0.69$0.28$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.01$2.76$0.44$0.72$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.21$3.04$1.01$2.20$1.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.21$4.28$0.64$0.16$0.48
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.17$3.80$0.84$0.47$0.37
2014Detailed filing. Detailed filing data is available for this year.$3.60$0.17$3.43$0.63$0.16$0.47
2013Detailed filing. Detailed filing data is available for this year.$3.12$0.17$2.96$0.74$0.05$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.08$2.27$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.01$1.73$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.38$0.69$0.32