Civic Intelligence

Laguna Beach Community Foundation

990 • Fiscal year 2018 • EIN 20-6390272

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profilelagunabeachcf.org
580 Broadway No 204Laguna Beach, CA 92651

(949) 715-8223

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-3908%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-98%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$4,464

Down $179,493 (-98%) from 2017

Net Assets

Down

$4,464

Down $179,493 (-98%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$4,593

Down $772,986 (-99%) from 2017

Expenses

Down

$184,086

Down $5,016,138 (-96%) from 2017

Net Income

Up

-$179,493

Up $4,243,152 (+96%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

2018

Assets$4,464
Liabilities$0
Net Assets$4,464
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

2018

Revenue$4,593
Expenses$184,086
Net Income-$179,493
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$4,593
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$133,974--
Savings and Temporary Cash Investments$20,932$0▼ $20,932
Cash and Non-Interest-Bearing Accounts$29,051$4,464▼ $24,587
Total Assets$183,957$4,464▼ $179,493
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$183,957$4,464▼ $179,493
Total Net Assets Fund Balance$183,957$4,464▼ $179,493
Total Liabilities and Net Assets / Fund Balance$183,957$4,464▼ $179,493

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$31,354$0▲ $15--
2017$1,837,354$6,898▲ $194,862-$31,354
2016$1,299,610$455,176▲ $159,977-$1,837,354
2015$571,189$780,719▼ $12,873-$1,299,610
2014$570,629$0▲ $32,345-$571,189
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
-Chairman of the Board
-Trustee
Tom DavisTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,901
Program Service Revenue
$677
Investment Income
$15
Other Revenue
$0
All Other Contributions
$3,901
Change in Net Assets
$-179,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$171,593
Other Expenses$12,493
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$171,593--$171,593
Fees for Services Management-$9,065-$9,065
Insurance$827$827-$1,654
Fees for Services Other$557--$557
Fees for Service Investment Mgmnt Fees-$248-$248
Other Expenses$75$290-$75
Total Functional Expenses$173,052$11,034$0$184,086
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charitable Ventures of Orange County IncNewport Beach, CA501(c)(3)Gustinella-Lockwood Family Trust, Claes Andersen Hospitality Scholarship Fund, Laguna Beach Community Foundation Disaster Fund, Laguna Beach Community Enrichment Fund, Tonkon Family Fund$95,677
Laguna Canyon FoundationNewport Beach, CA501(c)(3)Charles and Ann Quilter Legacy Fund$29,433
Orange County Community FoundationNewport Beach, CA501(c)(3)Linda Leahy Charitable Fund, Orange County Community Foundation, Laguna Beach Operating Fund, Stephen and Roberta Prepas Family Fund$22,750
Glennwood Housing FoundationLaguna Beach, CA501(c)(3)Glennwood House Fund$13,820
Boys & Girls Club of Laguna BeachLaguna Beach, CA501(c)(3)Laguna Beach Community Foundation Arts Fund, Mark E. Towfiq and Carol K. Nakahara Charitable Fund, and General Fund$8,349
Santa Barbara Firefighters AllianceSanta Barbara, CA501(c)(3)Halper Family Fund$1,547
Environmental Defense Fund IncNew York, NY501(c)(3)Cogdill Ventura Charitable Fund$17
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
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 11B

“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
580 Broadway No 204, Laguna Beach, CA 92651

Signing Officer

Name
Thomas P Davis
Title
Chairman of the Board
Phone
9493762828
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas P Davis
Formed
2004
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

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

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.”

Raw XML AppendixShowing 400 of 433 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/ActivityOrMissionDesc0The 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/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.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/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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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01837354
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt06898
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt031354
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01993005
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0194862
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt018051
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01299610
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0455176
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01837354
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt059358
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0159977
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt015914
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0571189
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0780719
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01299610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt023511
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12873
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt08211
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0570629
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0571189
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt023574
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt032345
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt00
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt00
IRS990ScheduleD/DonorAdvisedFundsHeldCnt00
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FundsAndOtherAccountsContriAmt00
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt00
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt00
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt095677
IRS990ScheduleI/RecipientTable/CashGrantAmt129433
IRS990ScheduleI/RecipientTable/CashGrantAmt222750
IRS990ScheduleI/RecipientTable/CashGrantAmt313820
IRS990ScheduleI/RecipientTable/CashGrantAmt48349
IRS990ScheduleI/RecipientTable/CashGrantAmt51547
IRS990ScheduleI/RecipientTable/CashGrantAmt617
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Gustinella-Lockwood Family Trust, Claes Andersen Hospitality Scholarship Fund, Laguna Beach Community Foundation Disaster Fund, Laguna Beach Community Enrichment Fund, Tonkon Family Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Charles and Ann Quilter Legacy Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Linda Leahy Charitable Fund, Orange County Community Foundation, Laguna Beach Operating Fund, Stephen and Roberta Prepas Family Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Glennwood House Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Laguna Beach Community Foundation Arts Fund, Mark E. Towfiq and Carol K. Nakahara Charitable Fund, and General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Halper Family Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Cogdill Ventura Charitable Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Charitable Ventures of Orange County Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Laguna Canyon Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Orange County Community Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Glennwood Housing Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Boys & Girls Club of Laguna Beach
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Santa Barbara Firefighters Alliance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Environmental Defense Fund Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0208756660
IRS990ScheduleI/RecipientTable/RecipientEIN1330441816
IRS990ScheduleI/RecipientTable/RecipientEIN2330378778
IRS990ScheduleI/RecipientTable/RecipientEIN3264381844
IRS990ScheduleI/RecipientTable/RecipientEIN4951878822
IRS990ScheduleI/RecipientTable/RecipientEIN5331092681
IRS990ScheduleI/RecipientTable/RecipientEIN6116107128
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04041 MacArthur Blvd Suite 510
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 4895
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24041 MacArthur Blvd Suite 510
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32130 S Coast Highway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41085 Laguna Canyon Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 3776
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6257 Park Avenue South
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Newport Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Newport Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Newport Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Santa Barbara
IRS990ScheduleI/RecipientTable/USAddress/CityNm6New York
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092660
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292660
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd492651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd593130
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd610010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0As part of the LBCF grant program, the grantee is required to meet the following: submit a press release to the local media announcing the award with, if possible, photographs of grantor and grantee or the grant accomplishment; send an award announcement to the nonprofit's donors; submit a summary letter at a stipulated time outlining the impact of the grant funds, if the funds are exhausted and photos if possible of the grant application focus. Grants from donor advised funds and other funds under the management of LBCF also include guidelines for reporting.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Lisa Mansour and John Mansour have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Review 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LBCF 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0183957
IRS990/TotalAssetsEOYAmt04464
IRS990/TotalAssetsGrp/BOYAmt0183957
IRS990/TotalAssetsGrp/EOYAmt04464
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03901
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173052
IRS990/TotalFunctionalExpensesGrp/TotalAmt0184086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0183957
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04464
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0173052
IRS990/TotalProgramServiceRevenueAmt0677
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0677
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04593
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0183957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04464
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0183957
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04464
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0580 Broadway Suite 204
IRS990/USAddress/CityNm0Laguna Beach
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092652
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0lagunabeachcf.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,464
Liabilities
$0
Net assets
$4,464
Revenue
$4,593
Expenses
$184,086
Net income
-$179,493
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.78$0.62$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.13$0.79$0.66
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$1.07$2.49$1.41
2020Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$7.90$4.91$2.99
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.18$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.78$5.20$4.42
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.01$4.69$1.65$1.01$0.63
2015Detailed filing. Detailed filing data is available for this year.$3.95$0.01$3.94$2.36$1.00$1.35
2014Detailed filing. Detailed filing data is available for this year.$2.73$0.58$2.16$1.24$0.89$0.35
2013Summary only. Only limited summary data is available for this year.$2.37$0.58$1.79$0.64$0.64$0.00
2012Summary only. Only limited summary data is available for this year.$2.21$0.52$1.69$1.33$1.20$0.13
2011Summary only. Only limited summary data is available for this year.$1.56$0.01$1.55$0.48$1.45$0.97