Civic Intelligence

Laguna Beach Community Foundation

990 • Fiscal year 2023 • EIN 20-6390272

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

580 Broadway 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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

17%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

520%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,065,647

Up $154,170 (+17%) from 2022

Net Assets

Up

$1,065,647

Up $154,170 (+17%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$779,048

Up $653,380 (+520%) from 2022

Expenses

Down

$624,878

Down $161,585 (-21%) from 2022

Net Income

Up

$154,170

Up $814,965 (+123%) from 2022

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

2023

Assets$1,065,647
Liabilities$0
Net Assets$1,065,647

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

2023

Revenue$779,048
Expenses$624,878
Net Income$154,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$779,048
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
Cash and Non-Interest-Bearing Accounts$911,477$1,065,647▲ $154,170
Total Assets$911,477$1,065,647▲ $154,170
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$911,477$1,065,647▲ $154,170
Total Net Assets Fund Balance$911,477$1,065,647▲ $154,170
Total Liabilities and Net Assets / Fund Balance$911,477$1,065,647▲ $154,170
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$778,664
Program Service Revenue
$384
Investment Income
$0
Other Revenue
$0
All Other Contributions
$778,664
Change in Net Assets
$154,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$613,955
Other Expenses$10,873
Salaries, Compensation, and Employee Benefits$50
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$613,955--$613,955
Fees for Services Accounting-$7,990-$7,990
Fees for Services Legal-$1,674-$1,674
Fees for Services Other-$1,209-$1,209
Payroll Taxes-$50-$50
Total Functional Expenses$613,955$10,923$0$624,878
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Neighborhood Congregational ChurchLaguna Beach, CA501(c)(3)General Fund$125,000
Boys and Girls ClubLaguna Beach, CA501(c)(3)General Fund$119,840
SchoolPowerLaguna Beach, CA501(c)(3)General Fund$101,041
Laguna Canyon FoundationLaguna Beach, CA501(c)(3)General Fund$100,000
ChhahariLaguna Beach, CA501(c)(3)General Fund$50,000
LB Community ClinicLaguna Beach, CA501(c)(3)General Fund$50,000
LB Patriots Day ParadeLaguna Beach, CA501(c)(3)General Fund$25,000
LB Art MuseumLong Beach, CA501(c)(3)General Fund$15,000
LB Water Polo FoundationsLaguna Beach, CA501(c)(3)General Fund$15,000
Laguna College of Art and DesignLaguna Beach, CA501(c)(3)General Fund$11,229
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 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 204, Laguna Beach, CA 92651

Signing Officer

Name
Thomas P Davis
Title
Chairman of the Board
Phone
9493762828
Signed
2024-11-12
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
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4General Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5General Fund
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Laguna College of Art and Design
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Boys and Girls Club
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Chhahari
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Laguna Canyon Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4LB Art Museum
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LB Community Clinic
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6LB Patriots Day Parade
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7LB Water Polo Foundations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Neighborhood Congregational Church
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9SchoolPower
IRS990ScheduleI/RecipientTable/RecipientEIN0952415066
IRS990ScheduleI/RecipientTable/RecipientEIN1951878822
IRS990ScheduleI/RecipientTable/RecipientEIN2261949692
IRS990ScheduleI/RecipientTable/RecipientEIN3330441816
IRS990ScheduleI/RecipientTable/RecipientEIN4952567271
IRS990ScheduleI/RecipientTable/RecipientEIN5952637633
IRS990ScheduleI/RecipientTable/RecipientEIN6510162225
IRS990ScheduleI/RecipientTable/RecipientEIN7822148425
IRS990ScheduleI/RecipientTable/RecipientEIN8953565451
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02222 Laguna Canyon Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11085 Laguna Canyon Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2450 Glenneyre St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 4895
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42300 E Ocean Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5362 3rd St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6505 Forest Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7670 Park Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8340 St Anns Dr
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9733 St Anns Dr
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Long Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Laguna Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Laguna 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/ZIPCd092651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392652
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd490803
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd592651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd692651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd792651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd892651
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd992651
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:
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0911477
IRS990/TotalAssetsEOYAmt01065647
IRS990/TotalAssetsGrp/BOYAmt0911477
IRS990/TotalAssetsGrp/EOYAmt01065647
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0778664
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010923
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0613955
IRS990/TotalFunctionalExpensesGrp/TotalAmt0624878
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0911477
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01065647
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0613955
IRS990/TotalProgramServiceRevenueAmt0384
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0384
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0779048
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0911477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01065647
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Thomas P Davis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman of the Board
ReturnHeader/BusinessOfficerGrp/PhoneNum09493762828
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Laguna Beach Community Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAGU
ReturnHeader/Filer/EIN0206390272
ReturnHeader/Filer/PhoneNum09497158223
ReturnHeader/Filer/USAddress/AddressLine1Txt0580 Broadway 204
ReturnHeader/Filer/USAddress/CityNm0Laguna Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092651
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815052000
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kieckhafer Schiffer LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06201 Oak Canyon Drive Suite 200

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