Civic Intelligence

Venice High School Foundation

EIN 23-7024946 • 501(c)3 • Los Angeles, CA

Profile

Raising scholarship funds, communicating with membership, school support, maintenance of myrna loy statute.

2435 Walgrove BlvdLos Angeles, CA 90066

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

47th percentile

-3.6%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-36%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$256,376

Down $9,608 (-3.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$256,376

Down $9,608 (-3.6%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin27th percentile

Revenue

Down

$70,925

Down $40,115 (-36%) from 2023

Expenses

Down

$80,533

Down $24,102 (-23%) from 2023

Net Income

Down

-$9,608

Down $16,013 (-250%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $119,311Liabilities 2011: $0Net Assets 2011: $119,3112011Assets 2012: $129,287Liabilities 2012: $0Net Assets 2012: $129,2872012Assets 2013: $129,778Liabilities 2013: $0Net Assets 2013: $129,7782013Assets 2014: $95,735Liabilities 2014: $0Net Assets 2014: $95,7352014Assets 2015: $103,500Liabilities 2015: $0Net Assets 2015: $103,5002015Assets 2016: $131,989Liabilities 2016: $0Net Assets 2016: $131,9892016Assets 2017: $154,403Liabilities 2017: $0Net Assets 2017: $154,4032017Assets 2018: $117,005Liabilities 2018: $0Net Assets 2018: $117,0052018Assets 2019: $144,330Liabilities 2019: $1Net Assets 2019: $144,3292019Assets 2020: $346,739Liabilities 2020: $0Net Assets 2020: $346,7392020Assets 2021: $284,683Liabilities 2021: $0Net Assets 2021: $284,6832021Assets 2022: $259,579Liabilities 2022: $0Net Assets 2022: $259,5792022Assets 2023: $265,984Liabilities 2023: $0Net Assets 2023: $265,9842023Assets 2024: $256,376Liabilities 2024: $0Net Assets 2024: $256,3762024

Highlighted filing

2024

Assets$256,376
Liabilities$0
Net Assets$256,376
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $31,9432011Expenses 2012: $32,1732012Revenue 2013: $50,551Expenses 2013: $50,060Net Income 2013: $4912013Revenue 2014: $44,133Expenses 2014: $78,176Net Income 2014: -$34,0432014Revenue 2015: $62,406Expenses 2015: $54,641Net Income 2015: $7,7652015Revenue 2016: $71,142Expenses 2016: $43,788Net Income 2016: $27,3542016Revenue 2017: $88,030Expenses 2017: $65,616Net Income 2017: $22,4142017Revenue 2018: $71,819Expenses 2018: $109,217Net Income 2018: -$37,3982018Revenue 2019: $136,691Expenses 2019: $109,367Net Income 2019: $27,3242019Revenue 2020: $576,206Expenses 2020: $373,796Net Income 2020: $202,4102020Revenue 2021: $63,143Expenses 2021: $125,199Net Income 2021: -$62,0562021Revenue 2022: $85,560Expenses 2022: $110,664Net Income 2022: -$25,1042022Revenue 2023: $111,040Expenses 2023: $104,635Net Income 2023: $6,4052023Revenue 2024: $70,925Expenses 2024: $80,533Net Income 2024: -$9,6082024

Highlighted filing

2024

Revenue$70,925
Expenses$80,533
Net Income-$9,608
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$256,376
Liabilities
$0
Net assets
$256,376
Revenue
$70,925
Expenses
$80,533
Net income
-$9,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.71$0.81$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$1.11$1.05$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.86$1.11$0.25
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$0.63$1.25$0.62
2020Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$5.76$3.74$2.02
2019Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$1.37$1.09$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.72$1.09$0.37
2017Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.88$0.66$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.71$0.44$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.62$0.55$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.44$0.78$0.34
2013Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.51$0.50$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$75,508
Mission and Program Overview

Mission

Raising scholarship funds, communicating with membership, school support, maintenance of myrna loy statute.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$265,984$256,376▼ $9,608
Rtn Earn Endowment Incm Other Fnds$265,984$256,376▼ $9,608
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$265,984$256,376▼ $9,608
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$265,984$256,376▼ $9,608
Total Liabilities and Net Assets / Fund Balance$265,984$256,376▼ $9,608

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$834-
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Norma MascarenasPresident
Nan ChorpashArt Director
Paul BelliBoard Developme
Heba Khalil KoermerTrustee
Larry HudsonTrustee
Walter HallTrustee
David Kent1st VP
Craig Jaffe2nd VP
Renee ChorpashAcclaim Ads
Charles GarciaAdvertising
Elda Nunez GascaHall of Fame
Brian BleserHistorian
Michel BrooksMembership
Lee JosselMerchandise
Carolyn ChorpashNewsletter Edit
Karen CohenParliamentarian
Heba KhalilReunions
Coleen RockeySecretary
Colleen RockeySecretary
Diane ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,886
Program Service Revenue
$59,832
Investment Income
$58
Other Revenue
$149
All Other Contributions
$10,886
Change in Net Assets
$-9,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,533
Total Fundraising Expense$25,959
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,831$8,862$6,131$17,824
Other Expenses$7,995$7,334$19,828$7,334
Insurance-$3,638-$3,638
Office Expenses-$2,650-$2,650
Fees for Services Legal-$875-$875
Total Functional Expenses$31,215$23,359$25,959$80,533
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,732
Fundraising Direct Expenses$4,583
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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

“Carolyn, nan and renee chorpash are related.”

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

“The form 990 is distributed to the committee members for review before the tax return is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its financial statements and tax returns open to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Venice High School Foundation
EIN
23-7024946
Phone
3104881418
Address
2435 Walgrove Blvd, Los Angeles, CA 90066

Signing Officer

Name
Diane Arnold
Title
Treasurer
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1957
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
John W Weldon CPA & Company Inc
Address
709 N DOUGLAS STREET, EL SEGUNDO, CA 90245
Preparer
John W Weldon
Phone
3103907487
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“HALL OF FAME: Column (A) - Total = $1299; Column (B) - Program Services = $325; Column (C) - Management & General = $649; Column (D) - Fundraising = $325”

Form 990, Part IX, Line 24E

“JACKETS OF EXCELLENCE: Column (A) - Total = $2100; Column (B) - Program Services = $2100; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“MEMBER/LIFE TIME: Column (A) - Total = $1624; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $1624”

Form 990, Part IX, Line 24E

“MERCHANDISE: Column (A) - Total = $2547; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $2547”

Form 990, Part IX, Line 24E

“MUSIC PROGRAM: Column (A) - Total = $76; Column (B) - Program Services = $0; Column (C) - Management & General = $76; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“MYRNA PROJECT: Column (A) - Total = $7053; Column (B) - Program Services = $0; Column (C) - Management & General = $7053; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Postage and Shipping: Column (A) - Total = $467; Column (B) - Program Services = $0; Column (C) - Management & General = $467; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“PROPERTY TAXES: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“SALES TAXES: Column (A) - Total = $462; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $462”

Form 990, Part IX, Line 24E

“SCHOLARSHIP: Column (A) - Total = $408; Column (B) - Program Services = $0; Column (C) - Management & General = $408; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“SCHOOL SUPPORT: Column (A) - Total = $1579; Column (B) - Program Services = $406; Column (C) - Management & General = $0; Column (D) - Fundraising = $1173”

Form 990, Part IX, Line 24E

“TAXES: Column (A) - Total = $209; Column (B) - Program Services = $0; Column (C) - Management & General = $209; Column (D) - Fundraising = $0”

Raw XML AppendixShowing 400 of 519 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/ExpenseAmt016167
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IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0875
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IRS990/Form990PartVIISectionAGrp/PersonNm3Diane Arnold
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