Civic Intelligence

Laguna Beach Community Foundation

990 • Fiscal year 2015 • EIN 20-6390272

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 07, 2016

PO Box 1628Laguna Beach, CA 92652

(949) 715-8223

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$150,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

90%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,953,877

Up $1,220,352 (+45%) from 2014

Net Assets

Up

$3,940,780

Up $1,785,089 (+83%) from 2014

Liabilities

Down

$13,097

Down $564,737 (-98%) from 2014

Revenue

Up

$2,357,718

Up $1,117,026 (+90%) from 2014

Expenses

Up

$1,003,704

Up $115,680 (+13%) from 2014

Net Income

Up

$1,354,014

Up $1,001,346 (+284%) from 2014

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 2011: $1,561,404Liabilities 2011: $6,876Net Assets 2011: $1,554,5282011Assets 2012: $2,209,903Liabilities 2012: $520,497Net Assets 2012: $1,689,4062012Assets 2013: $2,368,139Liabilities 2013: $581,130Net Assets 2013: $1,787,0092013Assets 2014: $2,733,525Liabilities 2014: $577,834Net Assets 2014: $2,155,6912014Assets 2015: $3,953,877Liabilities 2015: $13,097Net Assets 2015: $3,940,7802015Assets 2016: $4,705,200Liabilities 2016: $10,484Net Assets 2016: $4,694,7162016Assets 2017: $183,957Liabilities 2017: $0Net Assets 2017: $183,9572017Assets 2018: $4,464Liabilities 2018: $0Net Assets 2018: $4,4642018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $2,985,329Liabilities 2020: $0Net Assets 2020: $2,985,3292020Assets 2021: $1,572,272Liabilities 2021: $0Net Assets 2021: $1,572,2722021Assets 2022: $911,477Liabilities 2022: $0Net Assets 2022: $911,4772022Assets 2023: $1,065,647Liabilities 2023: $0Net Assets 2023: $1,065,6472023

Highlighted filing

2015

Assets$3,953,877
Liabilities$13,097
Net Assets$3,940,780

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $483,558Expenses 2011: $1,449,456Net Income 2011: -$965,8982011Revenue 2012: $1,332,000Expenses 2012: $1,204,844Net Income 2012: $127,1562012Revenue 2013: $642,764Expenses 2013: $642,206Net Income 2013: $5582013Revenue 2014: $1,240,692Expenses 2014: $888,024Net Income 2014: $352,6682014Revenue 2015: $2,357,718Expenses 2015: $1,003,704Net Income 2015: $1,354,0142015Revenue 2016: $1,648,596Expenses 2016: $1,014,626Net Income 2016: $633,9702016Revenue 2017: $777,579Expenses 2017: $5,200,224Net Income 2017: -$4,422,6452017Revenue 2018: $4,593Expenses 2018: $184,086Net Income 2018: -$179,4932018Revenue 2019: $2,005Expenses 2019: $6,469Net Income 2019: -$4,4642019Revenue 2020: $7,898,597Expenses 2020: $4,913,268Net Income 2020: $2,985,3292020Revenue 2021: $1,072,561Expenses 2021: $2,485,618Net Income 2021: -$1,413,0572021Revenue 2022: $125,668Expenses 2022: $786,463Net Income 2022: -$660,7952022Revenue 2023: $779,048Expenses 2023: $624,878Net Income 2023: $154,1702023

Highlighted filing

2015

Revenue$2,357,718
Expenses$1,003,704
Net Income$1,354,014
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 7, 2016
Return Version
2015v2.1
Gross Receipts
$2,805,808
Mission and Program Overview

Mission

The Laguna Beach Community Foundation strengthens our community by encouraging philanthropy. We provide expertise and resources to assist local charities, connect donor passions with nonprofit needs, and work with local professional advisors in assisting their clients in giving now and beyond their lifetimes with a legacy gift.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,573,428$3,036,375▲ $462,947
Savings and Temporary Cash Investments$114,422$621,742▲ $507,320
Cash and Non-Interest-Bearing Accounts$39,743$291,428▲ $251,685
Land, Buildings, and Equipment, Net$4,382$2,782▼ $1,600
Total Assets$2,733,525$3,953,877▲ $1,220,352
Other Assets Total$1,550$1,550→ $0
Liabilities
Other Liabilities$576,341$0▼ $576,341
Accounts Payable and Accrued Expenses$1,493$13,097▲ $11,604
Total Liabilities$577,834$13,097▼ $564,737
Net Assets / Fund Balance
Unrestricted Net Assets$2,155,691$3,940,780▲ $1,785,089
Total Net Assets Fund Balance$2,155,691$3,940,780▲ $1,785,089
Total Liabilities and Net Assets / Fund Balance$2,733,525$3,953,877▲ $1,220,352

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,782$7,049$9,831
Other Land Buildings$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$571,189$780,719▼ $12,873-$1,299,610
2014$570,629-▲ $32,345-$571,189
2013$520,497$10,000▲ $75,367-$570,629
2012-$500,000▲ $22,876-$520,497
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dan PingaroExecutive DirectorFT$150,000$150,000

Board Members and Trustees

NameTitle
Tom DavisChairman of the Board
Laura TarboxTrustee - Founding Chair
Angie MillerTrustee
Dennis BoyerTrustee
Donnie CrevierTrustee
James FletcherTrustee
Jerry BieserTrustee
John MansourTrustee
Lisa MansourTrustee
Mandi DossinTrustee
Meghan MacGillivray WeilTrustee
Nicole AndersonTrustee
Rick BalzerTrustee
Lynee KnissSecretary
Rob HarrymanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,182,971
Program Service Revenue
$58,830
Investment Income
$115,531
Other Revenue
$386
All Other Contributions
$2,182,971
Change in Net Assets
$1,354,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$619,914
Salaries, Compensation, and Employee Benefits$236,491
Other Expenses$147,299
Total Fundraising Expense$47,298
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$619,914--$619,914
Current Officers, Directors, Trustees, and Key Employees$90,000$30,000$30,000$150,000
Fees for Services Other$75,209--$75,209
Other Salaries and Wages$42,300$14,100$14,100$70,500
Occupancy-$19,669-$19,669
Payroll Taxes$9,595$3,198$3,198$15,991
Advertising$4,482$4,482-$8,964
Fees for Service Investment Mgmnt Fees-$8,664-$8,664
Conferences and Meetings-$6,943-$6,943
Insurance$2,904$2,904-$5,808
Fees for Services Accounting-$4,630-$4,630
Office Expenses$1,921$1,921-$3,842
All Other Expenses$116$2,370-$2,486
Depreciation Depletion$1,600--$1,600
Travel-$1,458-$1,458
Other Expenses-$1,088-$1,088
Fees for Services Legal-$325-$325
Total Functional Expenses$848,041$108,365$47,298$1,003,704
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Virginia The Darden School FoundationCharlottesville, VA501(c)(3)General Fund$100,000
University of Virginia Alumni AssociationCharlottesville, VA501(c)(3)General Fund$57,778
Boys and Girls Club of Laguna BeachLaguna Beach, CA501(c)(3)General Fund$43,985
Laguna Art MuseumLaguna Beach, CA501(c)(3)General Fund$41,200
El Viento FoundationHuntington Beach, CA501(c)(3)General Fund$30,000
Laguna Beach High School Scholarship FoundationLaguna Beach, CA501(c)(3)General Fund$28,500
THINK TogetherSanta Ana, CA501(c)(3)General Fund$25,000
University of Virginia Law School FoundationCharlottesville, VA501(c)(3)General Fund$25,000
Crystal Cove AllianceNewport Coast, CA501(c)(3)General Fund$23,511
Get InspiredGarden Grove, CA501(c)(3)General Fund$20,000
Santa Ana Public Schools FoundationSanta Ana, CA501(c)(3)General Fund$18,000
OC Human RelationsSanta Ana, CA501(c)(3)General Fund$15,000
Orange County Community FoundationNewport Beach, CA501(c)(3)General Fund$15,000
Laguna PlayhouseLaguna Beach, CA501(c)(3)General Fund$11,865
California Public Policy CenterTustin, CA501(c)(3)General Fund$10,000
ExplorOceanNewport Beach, CA501(c)(3)General Fund$10,000
Friendship Shelter IncLaguna Beach, CA501(c)(3)General Fund$9,750
Charity Global IncNew York, NY501(c)(3)General Fund$9,000
Laguna Dance FestivalLaguna Beach, CA501(c)(3)General Fund$8,700
Laguna College of Art and DesignLaguna Beach, CA501(c)(3)General Fund$8,000
Laguna Beach Education FoundationLaguna Beach, CA501(c)(3)General Fund$7,500
Child AidPortland, OR501(c)(3)General Fund$5,000
Growers FirstLaguna Beach, CA501(c)(3)General Fund$5,000
Impact GivingLaguna Beach, CA501(c)(3)General Fund$5,000
Laguna Beach Community ClinicLaguna Beach, CA501(c)(3)General Fund$5,000
The Breast Cancer Resource Center of Santa BarbaraSanta Barbara, CA501(c)(3)General Fund$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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
Yes
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, Section A, line 2

Lisa Mansour and John Mansour have a family relationship.

Form 990, Part VI, Section B, line 11

The Form 990 is reviewed by management. After management review, the Form 990 is reviewed by the Board of Directors for completeness and accuracy. Upon approval of a majority of the Board, the form is finalized and submitted to the IRS.

Form 990, Part VI, Section B, line 12C

The policy is reviewed annually and signed. A) The Board of Trustees and management staff, B) disclosure of conflicts to chair, executive committee and must be approved by Board, C) Board review of conflicts, D) person with a conflict shall abstain from a decision involving a vendor, consultant or grantee.

Form 990, Part VI, Section B, line 15

Review of compensation on national websites for community foundations. Position description was updated and description and compensation were approved by the Board of Directors. The process is documented.

Form 990, Part VI, Section C, line 19

LBCF held an open to the public event. We announced to the community that LBCF and the LBCF investment committee would be presenting on our finances and investment strategy with an open question and answer session to follow our governance documents, financial documents, guidelines and policies were made available at this session also, LBCF has an open door policy whereby community members may stop by and ask questions during regular business hours.

Filing and Contact Details

Filer

Filer Name
Laguna Beach Community Foundation
EIN
20-6390272
Phone
9497158223
Address
PO Box 1628, Laguna Beach, CA 92652

Signing Officer

Name
Rob Harryman
Title
Treasurer
Phone
9497158223
Signed
2016-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Harryman
Formed
2004
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
3

Preparer

Firm
Kieckhafer Schiffer & Company LLP
Address
6201 Oak Canyon Drive Suite 200, Irvine, CA 92618-5231
Preparer
James C Kieckhafer
Phone
9492503900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Prior Year Reclassification of Funds Held for Others Liability 576,341.

Form 990, Part XII, Line 2C:

The audit report is reviewed by management. After management review, the audit report is reviewed by the board of directors for completeness and accuracy. Upon approval of a majority of the board, the report is finalized.

Financial Statement Notes

Part V, Line 4:

The Quasi-Endowment Funds related to the Tricia and Michael Berns fund will help pay for education and maintenance in The Tricia and Michael Berns Amphitheater and Environmental Study Loop in the Crystal Cove State Park in California. The Quasi-Endowment Funds related to the Laguna Beach Boys and Girls Club will pay for the maintenance and growth of the Boys & Girls Club of Laguna Beach.

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IRS990/Desc0To encourage philanthropy: The Professional Council, which includes philanthropically-minded attorneys, CPAs and wealth advisors, included approximately 30 participants. Our ambassadors, which include community leaders, includes approximately 20 supporters. The Community Foundation offers periodic workshops on charitable giving methods and educational sessions regarding The Community Foundation to these professionals, leaders and our donors. With the assistance of the professional council and the ambassadors, and outreach to donors, The Community Foundation encourages Laguna Beach residents to become involved in supporting The Community Foundation and enhancing philanthropy.Milestones for this year include: Increased funds under management from $3.985M to $4.11M. Increased the number of fund holders by 22% from 41 to 50.We updated our strategic plan, communications plan, development plan, and reimagined our investment committee presentation to the community. We revised our Donor & Advisor guide, continued to make available our grants station database for local nonprofits. Our monthly speaker series has begun to fill our presentation room an remains free and open to the community, the monthly LBCF e-newsletter has approximately 1,000+ recipient. We continue to revise and update the LBCF website and the LBCF blog. The implementation of our online donor central portal to fund holders with 24/7 access to their account has been a success.
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IRS990/Form990PartVIISectionAGrp/PersonNm11Lisa Mansour
IRS990/Form990PartVIISectionAGrp/PersonNm12John Mansour
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman of the Board
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee - Founding Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Director
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IRS990/MissionDesc0The Laguna Beach Community Foundation strengthens our community by encouraging philanthropy. We provide expertise and resources to assist local charities, connect donor passions with nonprofit needs, and work with local professional advisors in assisting their clients in giving now and beyond their lifetimes with a legacy gift.
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IRS990/PrincipalOfficerNm0Rob Harryman
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IRS990/ProgSrvcAccomActy2Grp/Desc0To establish and maintain charitable funds to promote philanthropy: In 2013, 13 new charitable funds were established to provide grant assistance and charitable distributions to exempt organizations. In 2014, 64 nonprofits were awarded $600,988 through grants from our charitable funds. In 2015, 71 nonprofits were awarded $619,914 through grants from our charitable funds.
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IRS990/ProgSrvcAccomActy3Grp/Desc0To provide assistance, coordination and guidance to local nonprofits, donors and potential donors and professionals working to enhance philanthropy with The Community Foundation. This included assistance provided through meetings, telephone calls, emails and workshops. We offered two free eight-week series workshops, "It's Your Money and "It's Your Estate" to local residents and donors of local nonprofits with attendance averaging 20 per session. We also offered two free workshops on "Making Your Nonprofit Newsworthy" attended by over 80 people per session from the nonprofit community. For our Professional Council, we offered the free workshop, "Learn How to Become a Leader in Charitable Tax Planning". In addition, we offered, in collaboration with Laguna Beach Seniors, Pacific Marine Mammal Center and Laguna Ocean Foundation, the five part series, "Board Chairs Academy", for current and future board leaders of nonprofits, with average attendance at 35 persons per session. Most workshops were offered at the local community center.
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