Civic Intelligence

Flax

990 • Fiscal year 2020 • EIN 20-5261978

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

11601 Wilshire Blvd 1960Los Angeles, CA 90025

(310) 795-3529

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2020

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

12th percentile

-53%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-77%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $22,283 (-100%) from 2019

Net Assets

Down

$0

Down $22,283 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$42,154

Down $143,633 (-77%) from 2019

Expenses

Down

$64,437

Down $101,341 (-61%) from 2019

Net Income

Down

-$22,283

Down $42,292 (-211%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $27,070Liabilities 2010: $0Net Assets 2010: $27,0702010Assets 2011: $55,570Liabilities 2011: $0Net Assets 2011: $55,5702011Assets 2012: $49,762Liabilities 2012: $0Net Assets 2012: $49,7622012Assets 2013: $74,140Liabilities 2013: $0Net Assets 2013: $74,1402013Assets 2014: $81,607Liabilities 2014: $0Net Assets 2014: $81,6072014Assets 2015: $270,273Liabilities 2015: $0Net Assets 2015: $270,2732015Assets 2016: $81,817Liabilities 2016: $0Net Assets 2016: $81,8172016Assets 2017: $54,753Liabilities 2017: $0Net Assets 2017: $54,7532017Assets 2018: $2,274Liabilities 2018: $0Net Assets 2018: $2,2742018Assets 2019: $22,283Liabilities 2019: $0Net Assets 2019: $22,2832019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $105,500Expenses 2010: $115,215Net Income 2010: -$9,7152010Revenue 2011: $193,550Expenses 2011: $165,050Net Income 2011: $28,5002011Revenue 2012: $313,816Expenses 2012: $319,624Net Income 2012: -$5,8082012Revenue 2013: $193,698Expenses 2013: $169,320Net Income 2013: $24,3782013Revenue 2014: $220,551Expenses 2014: $213,084Net Income 2014: $7,4672014Revenue 2015: $421,960Expenses 2015: $233,294Net Income 2015: $188,6662015Revenue 2016: $111,538Expenses 2016: $299,994Net Income 2016: -$188,4562016Revenue 2017: $216,800Expenses 2017: $243,864Net Income 2017: -$27,0642017Revenue 2018: $160,967Expenses 2018: $213,446Net Income 2018: -$52,4792018Revenue 2019: $185,787Expenses 2019: $165,778Net Income 2019: $20,0092019Revenue 2020: $42,154Expenses 2020: $64,437Net Income 2020: -$22,2832020

Highlighted filing

2020

Revenue$42,154
Expenses$64,437
Net Income-$22,283
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$42,154
Mission and Program Overview

Mission

To promote and develop franco-american relationships and understanding in southern california and possibly the american southwest by sponsoring educational events in the areas of culture, science and linguistic studies and by promoting cultural exchanges between america and france.

To promote and develop franco-american relationships and understanding in southern california by sponsoring and promoting cultural exchanges between america and france.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$22,283$0▼ $22,283
Rtn Earn Endowment Incm Other Fnds$22,283$0▼ $22,283
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$22,283$0▼ $22,283
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,283$0▼ $22,283
Total Liabilities and Net Assets / Fund Balance$22,283$0▼ $22,283
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark S TinglofTreasurer-$6,000$6,000
Elisabeth ForneyExecutive DirectorPT$5,000$5,000

Board Members and Trustees

NameTitle
Lionel SauvagePresident
Gerald Du ManoirSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$42,150
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$42,150
Change in Net Assets
$-22,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$44,582
Salaries, Compensation, and Employee Benefits$11,000
Other Expenses$8,855
Total Fundraising Expense$1,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$44,582--$44,582
Current Officers, Directors, Trustees, and Key Employees-$10,000$1,000$11,000
Other Expenses-$2,922-$2,922
Fees for Services Accounting-$2,663-$2,663
Insurance-$1,742-$1,742
Office Expenses-$1,389-$1,389
Total Functional Expenses$44,582$18,855$1,000$64,437
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Los Angeles OperaLos Angeles, CA-"LOS ANGELES OPERA" - GRANT TO THE LOS ANGELES OPERA WAS FOR THE BALANCE OF THE FOUNDATIONS REMAINING CORPUS UPON LIQUIDATION.$22,761
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11A Form 990 Review by Board

The form 990 is prepared and reviewed by the treasurer for accuracy and then circulated to the full board for discussion and comments prior to filing.

Form 990 Part VI Line 12C Conflict of Interest Policy Compliance

Officers and directors as well as their spouses, domestic partners, parents, children and siblings annually complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that could contribute to a conflict of interest. This policy is reviewed annually by the board of directors.

Form 990 Part VI Line 15A Process to Determine Exec Director Compensation

The executive director's compensation was negotiated directly by the board of directors with the executive director. Based on form 990's for similar organizations, the amount of remuneration is modest relative to the time and effort expended on behalf of the foundation by the executive director. There was contemporaneous substantiation of the deliberation and decision in arriving at the annual compensation amount for the executive director.

Filing and Contact Details

Filer

Filer Name
Flax
EIN
20-5261978
In Care Of
% MARK S TINGLOF
Phone
3107953529
Address
11601 WILSHIRE BLVD 1960, LOS ANGELES, CA 90025

Signing Officer

Name
Mark S Tinglof Treasurer
Title
Treasurer
Phone
3108582200
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark S Tinglof Treasurer
Formed
2006
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Shephard Tinglof Associates
Address
11601 WILSHIRE BLVD SUITE 1960, LOS ANGELES, CA 90025
Preparer
Mark S Tinglof
Phone
3108582200
Supplemental Narrative

Additional Explanations

Form 990 Part III Line 4D Other Program Services

"los angeles opera" - grant to the los angeles opera was for the balance of the foundations remaining corpus upon liquidation.

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0FLAX PROJECTS ARE LARGE-SCALE ART PROJECTS INITIATED, CREATED AND PRODUCED IN COLLABORATION WITH FRENCH AND SOUTHERN CALIFORNIA PARTNER OGANIZATIONS TO CREATE INNOVATIVE DIALOGUES BETWEEN FRENCH AND LOS ANGELES-BASED ARTISTS FROM ALL DISCIPLINES, AS WELL AS CRITICS, CURATORS AND INSTITUTIONS FROM BOTH COUNTRIES THROUGH A MOBILE, COOPERATIVE AND INTERDISCIPLINARY APPROACH TO BENEFIT THE GREATER LOS ANGELES COMMUNITY. ADMISSION TO ALL EVENTS IS FREE TO THE PUBLIC.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/ProgSrvcAccomActy2Grp/Desc0FAHRENHEIT RESIDENCIES ARE OFFERED TO ARTISTS, CURATORS AND WRITERS LASTING BETWEEN ONE AND THREE MONTHS IN LENGTH. RESIDENTS ARE ASKED TO DEVELOP A UNIQUE PROJECT DURING THEIR STAY. THEY ARE PROVIDED WITH HOUSING, WORKSPACE AND FUNDING FOR THEIR RESEARCH AND PRODUCTION LEADING TO AN EXHIBITION, FORUM OR PUBLICATION RELATING TO THEIR WORK DEVELOPED DURING THEIR RESIDENCE. ALL RESIDENCIES INCLUDE A PUBLIC OUTREACH COMPONENT WITH THE RESIDENT CREATING LECTURES, EVENTS OR PRESENTATIONS WITH A FOCUS ON UNDERSERVED LOS ANGELES COMMUNITIES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS ORGANIZATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST IN THE FOLLOWING WAYS (WE WILL ADDRESS EACH RELEVANT PART OF REG. 1.170A-9(f)(3)(iii) BELOW): REG. 1.170A-9(f)(3)(iii)(A) PERCENTAGE OF FINANCIAL SUPPORT: THE ORGANIZATION'S LEVEL OF PUBLIC SUPPORT STANDS AT 23.10%. ALTHOUGH THIS FALLS SHORT OF 33.33% IT INDICATES A VERY HIGH LEVEL OF PUBLIC SUPPORT OVER THE MINIMUM OF 10%. PUBLIC SUPPORT FOR THE ORGANIZATION HAS GROWN FROM A PUBLIC SUPPORT PERCENTAGE OF 17.9% IN 2010 TO THE CURRENT LEVEL OF 23.10% IN 2020. REG. 1.170A-9(f)(3)(iii)(B) SOURCES OF SUPPORT: THIS ORGANIZATIONS PUBLIC SUPPORT IS DERIVED FROM A NUMBER OF SOURCES AND NOT FROM A SINGLE FAMILY. THE INDIVIDUAL CONTRIBUTORS ARE UNRELATED AND OTHER CONTRIBUTORS INCLUDE UNRELATED NON-PROFITS. THE NUMBER OF SUBSTANTIAL CONTRIBUTORS HAS GROWN AND REMAINS STABLE. REG. 1.170A-9(f)(3)(iii)(C) REPRESENTATIVE GOVERNING BODY: THIS ORGANIZATIONS BOARD MEMBERS ARE INVOLVED IN AND HAVE AN EXPERTISE IN RELATED ART FIELDS VIA THEIR INDIVIDUAL CHARITABLE GIVING AND/OR BY PARTICIPATING AS BOARD MEMBERS OF OTHER NON-PROFITS THAT SUPPORT THE FIELDS OF CULTURAL AND CREATIVE ARTS. THE FRENCH GOVERNMENT HAS OFFICIALLY RECOGNIZED ONE OF THE BOARD MEMBERS AND THE EXECUTIVE DIRECTOR WITH AWARDS FOR THEIR INVOLVEMENT IN THE PROMOTION OF FRENCH CULTURE AND ARTS. REG. 1.170A-9(f)(3)(iii)(D) AVAILABILITY OF PUBLIC FACILITIES OR SERVICES; PUBLIC PARTICIPATION IN PROGRAMS OR POLICIES: THE ORGANIZATION PRIMARILY SUPPORTS CULTURAL ARTS EXHIBITIONS AND MUSICAL EVENTS THAT ARE OPEN AND AVAILABLE TO THE PUBLIC. THE ORGANIZATIONS EVENTS APPEAL TO BROAD COMMUNITY INTERESTS. FOR INSTANCE, THE ORGANIZATION HAS CREATED AN EXHIBITION AND PERFORMANCE PROGRAM CALLED "FLAX PROJECTS" THAT FEATURES LARGE SCALE ART PROJECTS INITIATED, CREATED AND PRODUCED IN COLLABORATION WITH FRENCH AND SOUTHERN CALIFORNIA PARTNER ORGANIZATIONS. FLAX PROJECTS ENGAGES IN INNOVATIVE DIALOGUES BETWEEN FRANCE AND LOS ANGELES BASED ARTISTS FROM ALL DISCIPLINES, AS WELL AS CRITICS, CURATORS AND INSTITUTIONS FROM BOTH COUNTRIES THROUGH A MOBILE, COOPERATIVE, AND INTERDISCIPLINARY APPROACH. FLAX PROJECTS IS OPEN TO THE PUBLIC AT NO COST AND IS DEDICATED TO RESEARCH AND CREATION IN THE FIELD OF CONTEMPORARY ART WITH A PARTICULAR EMPHASIS ON OUTREACH PROGRAMS IN COMMUNITIES WITHIN GREATER LOS ANGELES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II SECTION C LINE 17A FACTS AND CIRCUMSTANCES TEST
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0"LOS ANGELES OPERA" - GRANT TO THE LOS ANGELES OPERA WAS FOR THE BALANCE OF THE FOUNDATIONS REMAINING CORPUS UPON LIQUIDATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LOS ANGELES OPERA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0135 NORTH GRAND AVENUE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE TO ORGANIZATIONS FOR USE IN SPECIFIC EVENTS THAT THE FOUNDATION IS SPONSORING OR UNDERWRITING. A LETTER OF UNDERSTANDING IS OBTAINED FROM THE GRANTEE ORGANIZATION THAT SPECIFIES THE EVENT OR PRESENTATION THAT THE FOUNDATIONS FUNDS WILL BE APPLIED TO SUPPORT.
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LOS ANGELES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED AND REVIEWED BY THE TREASURER FOR ACCURACY AND THEN CIRCULATED TO THE FULL BOARD FOR DISCUSSION AND COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS AS WELL AS THEIR SPOUSES, DOMESTIC PARTNERS, PARENTS, CHILDREN AND SIBLINGS ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST. THIS POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION WAS NEGOTIATED DIRECTLY BY THE BOARD OF DIRECTORS WITH THE EXECUTIVE DIRECTOR. BASED ON FORM 990'S FOR SIMILAR ORGANIZATIONS, THE AMOUNT OF REMUNERATION IS MODEST RELATIVE TO THE TIME AND EFFORT EXPENDED ON BEHALF OF THE FOUNDATION BY THE EXECUTIVE DIRECTOR. THERE WAS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION IN ARRIVING AT THE ANNUAL COMPENSATION AMOUNT FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3"LOS ANGELES OPERA" - GRANT TO THE LOS ANGELES OPERA WAS FOR THE BALANCE OF THE FOUNDATIONS REMAINING CORPUS UPON LIQUIDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI LINE 11A FORM 990 REVIEW BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI LINE 12C CONFLICT OF INTEREST POLICY COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI LINE 15A PROCESS TO DETERMINE EXEC DIRECTOR COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART III LINE 4D OTHER PROGRAM SERVICES
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