Civic Intelligence

Friendship Circle Sb Inc

990 • Fiscal year 2020 • EIN 20-8575157

Sep 01, 2019 to Aug 31, 2020 • Filed on Mar 08, 2021

Organization ProfileWWW.FRIENDSHIPFOUNDATION.COM
2108 Vail AvenueRedondo Beach, CA 90278

(310) 214-6677

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

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

Liabilities / Revenue

39th percentile

0.15x

Higher debt load relative to revenue than 39% of similar nonprofits.

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

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

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

Top Officer Pay

40th percentile

$100,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

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

Asset Growth

79th percentile

26%

Faster asset growth than 79% of similar nonprofits.

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

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$7,851,991

Up $1,626,548 (+26%) from 2019

Net Assets

Up

$7,635,317

Up $1,495,162 (+24%) from 2019

Liabilities

Up

$216,674

Up $131,386 (+154%) from 2019

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin91st percentile

Revenue

Down

$1,480,671

Down $1,919,339 (-56%) from 2019

Expenses

Down

$732,250

Down $129,361 (-15%) from 2019

Net Income

Down

$748,421

Down $1,789,978 (-71%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$30M$20M$10M$0Assets 2010: $384,058Liabilities 2010: $0Net Assets 2010: $384,0582010Assets 2011: $682,306Liabilities 2011: $0Net Assets 2011: $682,3062011Assets 2012: $964,830Liabilities 2012: $0Net Assets 2012: $964,8302012Assets 2013: $1,215,993Liabilities 2013: $0Net Assets 2013: $1,215,9932013Assets 2014: $1,681,418Liabilities 2014: $0Net Assets 2014: $1,681,4182014Assets 2015: $1,983,156Liabilities 2015: $0Net Assets 2015: $1,983,1562015Assets 2016: $2,344,718Liabilities 2016: $15,045Net Assets 2016: $2,329,6732016Assets 2017: $2,904,905Liabilities 2017: $22,674Net Assets 2017: $2,882,2312017Assets 2018: $3,477,569Liabilities 2018: $45,007Net Assets 2018: $3,432,5622018Assets 2019: $6,225,443Liabilities 2019: $85,288Net Assets 2019: $6,140,1552019Assets 2020: $7,851,991Liabilities 2020: $216,674Net Assets 2020: $7,635,3172020Assets 2021: $21,103,861Liabilities 2021: $121,092Net Assets 2021: $20,982,7692021Assets 2022: $23,218,143Liabilities 2022: $59,124Net Assets 2022: $23,159,0192022Assets 2023: $6,898,974Liabilities 2023: $2,916,083Net Assets 2023: $3,982,8912023Assets 2024: $8,371,757Liabilities 2024: $3,050,522Net Assets 2024: $5,321,2352024

Highlighted filing

2020

Assets$7,851,991
Liabilities$216,674
Net Assets$7,635,317
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $390,7742010Expenses 2011: $523,3132011Expenses 2012: $548,1362012Expenses 2013: $625,5352013Revenue 2014: $1,097,293Expenses 2014: $631,868Net Income 2014: $465,4252014Revenue 2015: $888,839Expenses 2015: $587,101Net Income 2015: $301,7382015Revenue 2016: $1,194,463Expenses 2016: $696,362Net Income 2016: $498,1012016Revenue 2017: $1,313,160Expenses 2017: $760,602Net Income 2017: $552,5582017Revenue 2018: $1,301,205Expenses 2018: $750,874Net Income 2018: $550,3312018Revenue 2019: $3,400,010Expenses 2019: $861,611Net Income 2019: $2,538,3992019Revenue 2020: $1,480,671Expenses 2020: $732,250Net Income 2020: $748,4212020Revenue 2021: $16,675,270Expenses 2021: $3,389,191Net Income 2021: $13,286,0792021Revenue 2022: $7,048,650Expenses 2022: $4,804,007Net Income 2022: $2,244,6432022Revenue 2023: $2,494,844Expenses 2023: $3,575,348Net Income 2023: -$1,080,5042023Revenue 2024: $2,525,715Expenses 2024: $1,247,797Net Income 2024: $1,277,9182024

Highlighted filing

2020

Revenue$1,480,671
Expenses$732,250
Net Income$748,421
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Mar 8, 2021
Return Version
2019v5.2
Gross Receipts
$1,559,299
Mission and Program Overview

Mission

To support parents and families who have children with special needs with the belief that every person is precious and capable of love, connection and friendship.

To support parents and families who have children with special needs with the belief that every person is precious and capable of love, connection, and friendship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,629,944$3,826,106▲ $196,162
Investments in Publicly Traded Securities$1,700,303$1,794,237▲ $93,934
Pledges and Grants Receivable$720,663$700,663▼ $20,000
Land, Buildings, and Equipment, Net$80,477$59,371▼ $21,106
Prepaid Expenses and Deferred Charges$0$10,775▲ $10,775
Accounts Receivable$10,319$10,745▲ $426
Total Assets$6,225,443$7,851,991▲ $1,626,548
Other Assets Total$83,737$1,450,094▲ $1,366,357
Liabilities
Accounts Payable and Accrued Expenses$85,288$118,829▲ $33,541
Other Liabilities$0$97,845▲ $97,845
Total Liabilities$85,288$216,674▲ $131,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,189,492$3,917,522▲ $728,030
Net Assets With Donor Restrictions$2,950,663$3,717,795▲ $767,132
Total Net Assets Fund Balance$6,140,155$7,635,317▲ $1,495,162
Total Liabilities and Net Assets / Fund Balance$6,225,443$7,851,991▲ $1,626,548

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,208$137,985$189,193
Equipment$6,777$154,445$161,222
Other Land Buildings$1,386$17,538$18,924
Other Assets Org$1,450,094--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nina PatelManaging DirectorFT$100,000$100,000
Joseph MintzPresident/executive DirectorPT$48,000$48,000

Board Members and Trustees

NameTitle
Adam CarrollDirector
Josef GorowitzDirector
Mike KaplanDirector
Portia CohenDirector
Edward KaminskySecretary
John PollittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,290,591
Program Service Revenue
$32,265
Investment Income
$156,488
Other Revenue
$1,327
All Other Contributions
$1,290,591
Change in Net Assets
$748,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,478,379
Revenue Not Reported on Financial Statements
$2,292
Revenue Not Reported on Form 990
$821,740
Total Revenue per Audited Statements
$2,300,119
Total Revenue per Form 990
$1,480,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$471,466
Other Expenses$260,784
Total Fundraising Expense$135,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$324,916$29,402$25,203$379,521
Current Officers, Directors, Trustees, and Key Employees-$4,800$43,200$48,000
Payroll Taxes$27,384$2,883$5,765$36,032
Occupancy$22,800$2,400$4,800$30,000
Fees for Services Other$1,296$28,095$273$29,664
Depreciation Depletion$17,025$1,792$3,584$22,401
Insurance$13,843$1,457$2,914$18,214
Office Expenses$4,390$9,385$3,652$17,427
Advertising$3,690-$12,537$16,227
Other Employee Benefits$7,913--$7,913
Conferences and Meetings$2,963-$2,679$5,642
All Other Expenses$4,648$420-$5,068
Other Expenses$21,407$5,053$30,480$5,053
Fees for Service Investment Mgmnt Fees-$2,292-$2,292
Total Functional Expenses$509,184$87,979$135,087$732,250

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$804,958
Total Expenses per Form 990$732,250
Expenses per Audited Statements$729,958
Expenses Not Reported on Form 990$75,000
Expenses Not Reported on Financial Statements$2,292
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Andy CohenFamily Member of Portia Cohen, DirectorANDY COHEN IS THE CO-CEO OF GENSLER. DURING THE FISCAL YEAR ENDED 8/31/20, FRIENDSHIP PAID AND ACCRUED $646,631 TO GENSLER FOR ARCHITECTURAL FEES, WHICH ARE SIGNIFICANTLY DISCOUNTED AND AT 50% OF THEIR BILLING RATES. PORTIA COHEN DID AND DOES RECUSE HERSELF FROM VOTING ON FINANCIAL ISSUES IN REGARDS TO ARCHITECTURAL DECISIONS REQUIRED WHEN INVOLVING GENSLER.No$646,631
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$97,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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

“In march 2020, congress passed the paycheck protection program (ppp) under division a,title i of the coronavirus aid, relief, and economic security act, authorizing loans to small businesses for use in paying employees that they continue to employ throughout the covid-19 pandemic and for rent, utilities and interest on mortgages. Loans obtained through the program are eligible to be forgiven as long as the proceeds are used for qualifying purposes and certain other conditions are met. During tax year 8/31/2020, the organization received a loan in the amount of $97,500 through the ppp. Management expects that the entire loan will be used for payroll, utilities, rent and interest; therefore, management anticipates that the loan will be substantially forgiven. To the extent it is not forgiven, the organization would be required to repay that portion at an interest rate of 1% over a period of two years.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by joseph mintz, president of the organization, as well as the board of directors.”

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

“Review of policy is performed by the board of directors and any potential conflicts are identified. Each board member signs an ethics and conflict of interest form, annually,”

Form 990, Part VI, Section C, Line 19

“The form 990 is available for viewing through guidestar.”

Filing and Contact Details

Filer

Filer Name
The Friendship Foundation
EIN
20-8575157
Phone
3102146677
Address
2108 VAIL AVENUE, REDONDO BEACH, CA 90278

Signing Officer

Name
Joseph Mintz
Title
President
Phone
3102146677
Signed
2021-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mintz
Formed
2006
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
1,000

Preparer

Firm
Windes Inc
Address
PO BOX 87, LONG BEACH, CA 90801-0087
Preparer
Donita M Joseph
Phone
5624351191
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation recognizes the financial statement benefit of tax positions, such as filing status of tax-exempt, only after determining that the relevant tax authority would more likely than not sustain the position following an audit. The foundation is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

Raw XML AppendixShowing 400 of 513 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/Desc0PROVIDE A SAFE, ACCEPTING AND INCLUSIVE ENVIRONMENT WHERE CHILDREN, TYPICAL AND SPECIAL NEEDS, CAN ENGAGE IN ACTIVITIES INCLUDING SPORTS, ART, MUSIC, CAMPS AND FIELD TRIPS. THE PEER TO PEER MODEL WE USE BUILDS LEADERSHIP, SOCIAL AND TEAM BUILDING SKILLS FOR ALL AND BEST OF ALL FOSTERS FRIENDSHIP BETWEEN STUDENTS WHO MAY HAVE NEVER CROSSED PATHS. WE BRING TOGETHER A DIVERSE POPULATION OF STUDENTS INTO ONE ORGANIZATION FOR ONE PURPOSE, TO GROW AND LEARN FROM EACH OTHER. WE CELEBRATE EACH PERSON'S UNIQUE ABILITIES AND HELP THEM MEET THEIR POTENTIAL. WE PROVIDE LOW COST TO FREE PROGRAM OPTIONS SO ALL FAMILIES CAN GIVE THEIR CHILDREN THE OPPORTUNITY TO ENJOY ACTIVITIES NOT READILY AVAILABLE TO THEM OTHERWISE.
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt02400
IRS990/OccupancyGrp/ProgramServicesAmt022800
IRS990/OccupancyGrp/TotalAmt030000
IRS990/OfficeExpensesGrp/FundraisingAmt03652
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09385
IRS990/OfficeExpensesGrp/ProgramServicesAmt04390
IRS990/OfficeExpensesGrp/TotalAmt017427
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01450094
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07913
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07913
IRS990/OtherExpensesGrp/Desc0ENRICHMENT PROGRAMS
IRS990/OtherExpensesGrp/Desc1VOLUNTEER OUTREACH
IRS990/OtherExpensesGrp/Desc2SCHOOL CLUBS
IRS990/OtherExpensesGrp/Desc3REPAIR & MAINTENANCE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05053
IRS990/OtherExpensesGrp/ProgramServicesAmt056909
IRS990/OtherExpensesGrp/ProgramServicesAmt121407
IRS990/OtherExpensesGrp/TotalAmt056909
IRS990/OtherExpensesGrp/TotalAmt130480
IRS990/OtherExpensesGrp/TotalAmt221407
IRS990/OtherExpensesGrp/TotalAmt35053
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt097845
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01327
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01327
IRS990/OtherRevenueTotalAmt01327
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025203
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029402
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0324916
IRS990/OtherSalariesAndWagesGrp/TotalAmt0379521
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05765
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02883
IRS990/PayrollTaxesGrp/ProgramServicesAmt027384
IRS990/PayrollTaxesGrp/TotalAmt036032
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0720663
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0700663
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010775
IRS990/PrincipalOfficerNm0JOSEPH MINTZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032265
IRS990/ProgSrvcAccomActy2Grp/Desc0FRIENDSHIP FOUNDATION RAISED $102,500 OF COMMUNITY CONTRIBUTIONS, $664,632 OF IN-KIND CONTRIBUTIONS, $320,554 OF BOARD DESIGNATED CONTRIBUTIONS AND $113,826 IN BOARD DESIGNATED DIVIDEND INCOME TOWARDS ITS CAPITAL CAMPAIGN. THIS CAPITAL CAMPAIGN ALSO INCURRED MORE THAN $1.4 MILLION IN CAPITALIZED CONSTRUCTION COSTS DURING THE TAX YEAR. THE CAPITAL CAMPAIGN IS IN PLACE TO SUPPORT THE CONSTRUCTION OF A FACILITY APPROXIMATELY 55,000 SQUARE FEET TO HELP EXPAND OUR CURRENT SOCIAL RECREATIONAL PROGRAMS, OPEN DOORS TO MORE CHILDREN WITH SPECIAL NEEDS, DEVELOP A VOCATIONAL TRAINING FACILITY AND DAY WORKSHOP PROGRAMS FOR HIGH SCHOOL STUDENTS AND BEYOND. THIS FACILITY WILL PROVIDE JOB SKILLS TRAINING AND LIFE SKILLS TRAINING TO PREPARE YOUNG ADULTS FOR INDEPENDENT LIVING AND SELF-SUFFICIENCY. WE WILL ASSIST WITH JOB PLACEMENT AND ALSO BUILD REVENUE GENERATING VENTURES WITHIN THE SITE FOR THOSE OF OUR ADULTS WHO MAY NOT BE ABLE TO WORK OFF SITE. PARTNERING WITH CORPORATIONS, LOCAL NON-PROFITS AND SMALL BUSINESSES WE WILL PROVIDE GREATER ACCESS TO INDIVIDUALS WITH SPECIAL NEEDS AND THROUGH VOLUNTEERS CREATE A SUPPORTIVE COMMUNITY FOR ALL.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03164811
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131766
IRS990/PYOtherExpensesAmt0401237
IRS990/PYOtherRevenueAmt0242
IRS990/PYProgramServiceRevenueAmt0103191
IRS990/PYRevenuesLessExpensesAmt02538399
IRS990/PYSalariesCompEmpBnftPaidAmt0460374
IRS990/PYTotalExpensesAmt0861611
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03400010
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0748421
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032265
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0110000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01000000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01110000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01290591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03164811
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01099101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01079912
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0970408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07604823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0149956
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0131806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0121694
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0151044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0135748
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0690248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt032265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0103191
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt090410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt082204
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt088306
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0396376
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0149956
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0131806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0121694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0151044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0135748
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0690248
IRS990ScheduleA/InvestmentIncomeCYPct00.07940
IRS990ScheduleA/InvestmentIncomePYPct00.06810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01327
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0242
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01569
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79270
IRS990ScheduleA/PublicSupportPY509Pct00.51370
IRS990ScheduleA/PublicSupportTotal509Amt06891199
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0110000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01000000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01110000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01322856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03268002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01189511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01162116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01058714
IRS990ScheduleA/Total509Grp/TotalAmt08001199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01474139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03400050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01311205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01313160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01194462
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08693016
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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/DonatedServicesAndUseFcltsAmt0739632
IRS990ScheduleD/DonatedServicesUseFcltsAmt075000
IRS990ScheduleD/EquipmentGrp/BookValueAmt06777
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154445
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0161222
IRS990ScheduleD/ExpensesNotReportedAmt075000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02292
IRS990ScheduleD/ExpensesSubtotalAmt0729958
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02292
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02292
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051208
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0137985
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0189193
IRS990ScheduleD/NetUnrealizedGainsInvstAmt082108
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01450094
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01386
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017538
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/RevenueNotReportedAmt0821740
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02292
IRS990ScheduleD/RevenueSubtotalAmt01478379
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059371
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01450094
IRS990ScheduleD/TotalExpensesPerForm990Amt0732250
IRS990ScheduleD/TotalLiabilityAmt097845
IRS990ScheduleD/TotalRevenuePerForm990Amt01480671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02300119
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0804958
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ANDY COHEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER OF PORTIA COHEN, DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0646631
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ANDY COHEN IS THE CO-CEO OF GENSLER. DURING THE FISCAL YEAR ENDED 8/31/20, FRIENDSHIP PAID AND ACCRUED $646,631 TO GENSLER FOR ARCHITECTURAL FEES, WHICH ARE SIGNIFICANTLY DISCOUNTED AND AT 50% OF THEIR BILLING RATES. PORTIA COHEN DID AND DOES RECUSE HERSELF FROM VOTING ON FINANCIAL ISSUES IN REGARDS TO ARCHITECTURAL DECISIONS REQUIRED WHEN INVOLVING GENSLER.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM (PPP) UNDER DIVISION A,TITLE I OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT, AUTHORIZING LOANS TO SMALL BUSINESSES FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUE TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES AND INTEREST ON MORTGAGES. LOANS OBTAINED THROUGH THE PROGRAM ARE ELIGIBLE TO BE FORGIVEN AS LONG AS THE PROCEEDS ARE USED FOR QUALIFYING PURPOSES AND CERTAIN OTHER CONDITIONS ARE MET. DURING TAX YEAR 8/31/2020, THE ORGANIZATION RECEIVED A LOAN IN THE AMOUNT OF $97,500 THROUGH THE PPP. MANAGEMENT EXPECTS THAT THE ENTIRE LOAN WILL BE USED FOR PAYROLL, UTILITIES, RENT AND INTEREST; THEREFORE, MANAGEMENT ANTICIPATES THAT THE LOAN WILL BE SUBSTANTIALLY FORGIVEN. TO THE EXTENT IT IS NOT FORGIVEN, THE ORGANIZATION WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% OVER A PERIOD OF TWO YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY JOSEPH MINTZ, PRESIDENT OF THE ORGANIZATION, AS WELL AS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW OF POLICY IS PERFORMED BY THE BOARD OF DIRECTORS AND ANY POTENTIAL CONFLICTS ARE IDENTIFIED. EACH BOARD MEMBER SIGNS AN ETHICS AND CONFLICT OF INTEREST FORM, ANNUALLY,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE FOR VIEWING THROUGH GUIDESTAR.

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Filings

Displayed year

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

Open filing
Assets
$7,851,991
Liabilities
$216,674
Net assets
$7,635,317
Revenue
$1,480,671
Expenses
$732,250
Net income
$748,421
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$3.05$5.32$2.53$1.25$1.28
2023Detailed filing. Detailed filing data is available for this year.$6.90$2.92$3.98$2.49$3.58$1.08
2022Detailed filing. Detailed filing data is available for this year.$23.2$0.06$23.2$7.05$4.80$2.24
2021Detailed filing. Detailed filing data is available for this year.$21.1$0.12$21.0$16.7$3.39$13.3
2020Detailed filing. Detailed filing data is available for this year.$7.85$0.22$7.64$1.48$0.73$0.75
2019Detailed filing. Detailed filing data is available for this year.$6.23$0.09$6.14$3.40$0.86$2.54
2018Detailed filing. Detailed filing data is available for this year.$3.48$0.05$3.43$1.30$0.75$0.55
2017Detailed filing. Detailed filing data is available for this year.$2.90$0.02$2.88$1.31$0.76$0.55
2016Detailed filing. Detailed filing data is available for this year.$2.34$0.02$2.33$1.19$0.70$0.50
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.89$0.59$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$1.10$0.63$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.39