Civic Intelligence

Laguna Beach Community Foundation

990 • Fiscal year 2020 • EIN 20-6390272

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization Profilelagunabeachcf.org
580 Broadway No 204 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

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Annualized from 2019 to 2020

Revenue Growth

100th percentile

393845%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$2,985,329

Up $2,985,329 from 2019

Net Assets

Up

$2,985,329

Up $2,985,329 from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin86th percentile

Revenue

Up

$7,898,597

Up $7,896,592 (+393845%) from 2019

Expenses

Up

$4,913,268

Up $4,906,799 (+75851%) from 2019

Net Income

Up

$2,985,329

Up $2,989,793 (+66976%) from 2019

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2020

Assets$2,985,329
Liabilities$0
Net Assets$2,985,329
Open 2020 Filing

Operations Trend

Revenue Growth100th 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

2020

Revenue$7,898,597
Expenses$4,913,268
Net Income$2,985,329
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$7,912,460
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
Land, Buildings, and Equipment, Net$0$2,323,500▲ $2,323,500
Cash and Non-Interest-Bearing Accounts$0$661,829▲ $661,829
Total Assets$0$2,985,329▲ $2,985,329
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$2,985,329▲ $2,985,329
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$2,985,329▲ $2,985,329
Total Liabilities and Net Assets / Fund Balance$0$2,985,329▲ $2,985,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$251,500--
Land$2,072,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$31,354-▲ $15--
2017$1,837,354$6,898▲ $194,862-$31,354
2016$1,299,610$455,176▲ $159,977-$1,837,354
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$7,832,582
Program Service Revenue
$33,978
Investment Income
$0
Other Revenue
$32,037
All Other Contributions
$7,832,582
Change in Net Assets
$2,985,329

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$2,323,500Actual sale w/in yr.
Total Noncash Contributions1$2,323,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,898,597
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,898,597
Total Revenue per Form 990
$7,898,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,867,300
Other Expenses$45,968
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,867,300--$4,867,300
Fees for Service Investment Mgmnt Fees$33,978--$33,978
Fees for Services Legal-$8,704-$8,704
Office Expenses$1,455$450-$1,905
Insurance-$1,276-$1,276
Information Technology-$105-$105
Total Functional Expenses$4,902,733$10,535$0$4,913,268

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,913,268
Total Expenses per Audited Statements$4,913,268
Total Expenses per Form 990$4,913,268
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Laguna College of Art and DesignLaguna Beach, CA501(c)(3)General Fund$2,100,000
Pomona CollegeClaremont, CA501(c)(3)General Fund$1,000,000
Boys and Girls Club of Laguna BeachLaguna Beach, CA501(c)(3)General Fund$557,000
St Mary's Episcopal Church Laguna BeachLaguna Beach, CA-General Fund$500,000
Laguna Beach Community Foundation - COVID-19 Relief FundLaguna Beach, CA501(c)(3)General Fund$125,000
City of Laguna Beach - Grants for Artists ProgramLaguna Beach, CA501(c)(3)Grants for Artists Program via Laguna Beach City Council and Arts Commission$100,600
Friendship Shelter IncLaguna Beach, CA501(c)(3)General Fund$100,000
Laguna Beach Community ClinicLaguna Beach, CA501(c)(3)General Fund$100,000
Laguna Beach Education Endowment and Capital FundLaguna Beach, CA501(c)(3)General Fund$100,000
Laguna Beach Seniors IncLaguna Beach, CA501(c)(3)General Fund$100,000
Laguna Beach Education Foundation - AKA SchoolPowerLaguna Beach, CA501(c)(3)General Fund$50,000
Sally's Fund IncLaguna Beach, CA501(c)(3)General Fund$34,700
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
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, 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 C, line 19

“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 No 204, Laguna Beach, CA 92651

Signing Officer

Name
Thomas P Davis
Title
Chairman of the Board
Phone
9493762828
Signed
2021-11-15
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
4

Preparer

Firm
Kieckhafer Schiffer 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 XII, Line 2C:

“According to California law, a charitable nonprofit corporation with a gross annual revenue of $2 million dollars or more and that is currently required to file a report with the General Attorney must have their financial statements audited by an independent CPA. As such, an independent audit was conducted.”

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0251500
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0251500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0242
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt031354
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt031127
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt014754
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01837354
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06898
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt031354
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01993005
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0194862
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt018051
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01299610
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0455176
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01837354
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt059358
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0159977
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04913268
IRS990ScheduleD/LandGrp/BookValueAmt02072000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02072000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07898597
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02323500
IRS990ScheduleD/TotalExpensesPerForm990Amt04913268
IRS990ScheduleD/TotalRevenuePerForm990Amt07898597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07898597
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04913268
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0557000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100600
IRS990ScheduleI/RecipientTable/CashGrantAmt2125000
IRS990ScheduleI/RecipientTable/CashGrantAmt3100000
IRS990ScheduleI/RecipientTable/CashGrantAmt4100000
IRS990ScheduleI/RecipientTable/CashGrantAmt5100000
IRS990ScheduleI/RecipientTable/CashGrantAmt6100000
IRS990ScheduleI/RecipientTable/CashGrantAmt72100000
IRS990ScheduleI/RecipientTable/CashGrantAmt81000000
IRS990ScheduleI/RecipientTable/CashGrantAmt934700
IRS990ScheduleI/RecipientTable/CashGrantAmt1050000
IRS990ScheduleI/RecipientTable/CashGrantAmt11500000
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/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Grants for Artists Program via Laguna Beach City Council and Arts Commission
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11General Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Boys and Girls Club of Laguna Beach
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1City of Laguna Beach - Grants for Artists Program
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Laguna Beach Community Foundation - COVID-19 Relief Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Friendship Shelter Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Laguna Beach Community Clinic
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Laguna Beach Education Endowment and Capital Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Laguna Beach Seniors Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Laguna College of Art and Design
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Pomona College
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Sally's Fund Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10Laguna Beach Education Foundation - AKA SchoolPower
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11St Mary's Episcopal Church Laguna Beach
IRS990ScheduleI/RecipientTable/RecipientEIN0951878822
IRS990ScheduleI/RecipientTable/RecipientEIN1206390272
IRS990ScheduleI/RecipientTable/RecipientEIN2330219404
IRS990ScheduleI/RecipientTable/RecipientEIN3952637633
IRS990ScheduleI/RecipientTable/RecipientEIN4931021970
IRS990ScheduleI/RecipientTable/RecipientEIN5952983350
IRS990ScheduleI/RecipientTable/RecipientEIN6952415066
IRS990ScheduleI/RecipientTable/RecipientEIN7951664112
IRS990ScheduleI/RecipientTable/RecipientEIN8330172731
IRS990ScheduleI/RecipientTable/RecipientEIN9953565451
IRS990ScheduleI/RecipientTable/RecipientEIN10952930257
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01085 Laguna Canyon Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1505 Forest Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2580 Broadway No 204
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 4252
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4362 3rd Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 19
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6380 Third St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt72222 Laguna Canyon Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8550 N College Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9PO Box 1626
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10PO Box 19
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11428 Park Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Claremont
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm10Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm11Laguna Beach
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/StateAbbreviationCd6CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd11CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd492651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd592652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd692651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd792651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd891711
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd992652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1092652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1192651
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0Actual sale w/in yr.
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt02323500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1The 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/ExplanationTxt2LBCF has an open door policy whereby community members may stop by and ask questions during regular business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3According to California law, a charitable nonprofit corporation with a gross annual revenue of $2 million dollars or more and that is currently required to file a report with the General Attorney must have their financial statements audited by an independent CPA. As such, an independent audit was conducted.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,985,329
Liabilities
$0
Net assets
$2,985,329
Revenue
$7,898,597
Expenses
$4,913,268
Net income
$2,985,329
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