Civic Intelligence

Pablove Foundation Inc.

990 • Fiscal year 2020 • EIN 26-3006100

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

6607 W Sunset BlvdLos Angeles, CA 90028

(323) 657-5557

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.07x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

10th percentile

-37%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$153,076

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-18%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,023,974

Down $502,993 (-14%) from 2019

Net Assets

Down

$2,937,126

Down $413,492 (-12%) from 2019

Liabilities

Down

$86,848

Down $89,501 (-51%) from 2019

Revenue

Down

$1,174,142

Down $262,956 (-18%) from 2019

Expenses

Down

$1,607,886

Down $870,555 (-35%) from 2019

Net Income

Up

-$433,744

Up $607,599 (+58%) from 2019

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 2012: $2,108,405Liabilities 2012: $14,579Net Assets 2012: $2,093,8262012Assets 2013: $2,837,956Liabilities 2013: $0Net Assets 2013: $2,837,9562013Assets 2014: $3,335,312Liabilities 2014: $1,404Net Assets 2014: $3,333,9082014Assets 2015: $3,809,936Liabilities 2015: $37,790Net Assets 2015: $3,772,1462015Assets 2016: $4,385,093Liabilities 2016: $354,410Net Assets 2016: $4,030,6832016Assets 2017: $5,062,303Liabilities 2017: $379,255Net Assets 2017: $4,683,0482017Assets 2018: $4,392,066Liabilities 2018: $296,668Net Assets 2018: $4,095,3982018Assets 2019: $3,526,967Liabilities 2019: $176,349Net Assets 2019: $3,350,6182019Assets 2020: $3,023,974Liabilities 2020: $86,848Net Assets 2020: $2,937,1262020Assets 2021: $2,838,766Liabilities 2021: $78,027Net Assets 2021: $2,760,7392021Assets 2022: $1,877,983Liabilities 2022: $144,923Net Assets 2022: $1,733,0602022Assets 2023: $1,041,252Liabilities 2023: $93,994Net Assets 2023: $947,2582023Assets 2024: $650,544Liabilities 2024: $165Net Assets 2024: $650,3792024

Highlighted filing

2020

Assets$3,023,974
Liabilities$86,848
Net Assets$2,937,126

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $906,2902012Revenue 2013: $1,789,738Expenses 2013: $1,046,218Net Income 2013: $743,5202013Revenue 2014: $1,864,304Expenses 2014: $1,354,989Net Income 2014: $509,3152014Revenue 2015: $2,034,529Expenses 2015: $1,519,487Net Income 2015: $515,0422015Revenue 2016: $2,329,710Expenses 2016: $2,206,178Net Income 2016: $123,5322016Revenue 2017: $2,718,228Expenses 2017: $2,300,906Net Income 2017: $417,3222017Revenue 2018: $2,238,484Expenses 2018: $2,663,896Net Income 2018: -$425,4122018Revenue 2019: $1,437,098Expenses 2019: $2,478,441Net Income 2019: -$1,041,3432019Revenue 2020: $1,174,142Expenses 2020: $1,607,886Net Income 2020: -$433,7442020Revenue 2021: $1,617,005Expenses 2021: $1,842,048Net Income 2021: -$225,0432021Revenue 2022: $744,236Expenses 2022: $1,515,966Net Income 2022: -$771,7302022Revenue 2023: $616,732Expenses 2023: $1,491,447Net Income 2023: -$874,7152023Revenue 2024: $576,566Expenses 2024: $800,433Net Income 2024: -$223,8672024

Highlighted filing

2020

Revenue$1,174,142
Expenses$1,607,886
Net Income-$433,744
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.1
Gross Receipts
$2,487,492
Mission and Program Overview

Mission

The mission of the pablove foundation is to invest in underfunded, cutting-edge pediatric cancer research, and to improve the lives of children living with cancer through the arts.

Invest in cutting edge pediatric cancer research; improve lives for children living with cancer through photography.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,171,760$1,710,918▼ $460,842
Cash and Non-Interest-Bearing Accounts$629,838$849,460▲ $219,622
Pledges and Grants Receivable$476,603$356,223▼ $120,380
Savings and Temporary Cash Investments$37,955$82,499▲ $44,544
Prepaid Expenses and Deferred Charges$14,692$8,300▼ $6,392
Land, Buildings, and Equipment, Net$8,519$7,774▼ $745
Total Assets$3,526,967$3,023,974▼ $502,993
Other Assets Total$187,600$8,800▼ $178,800
Liabilities
Grants Payable$96,250$50,000▼ $46,250
Accounts Payable and Accrued Expenses$80,099$36,848▼ $43,251
Total Liabilities$176,349$86,848▼ $89,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,717,847$2,402,468▼ $315,379
Net Assets With Donor Restrictions$632,771$534,658▼ $98,113
Total Net Assets Fund Balance$3,350,618$2,937,126▼ $413,492
Total Liabilities and Net Assets / Fund Balance$3,526,967$3,023,974▼ $502,993

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,450$31,264$38,714
Equipment$324$25,348$25,672
Leasehold Improvements$0$9,974$9,974
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerstin LynamCEOFT$142,303$10,773$153,076
Barton VerryVP DevelopmentFT$124,023$10,780$134,803

Board Members and Trustees

NameTitle
Blair HerterChairman of the Board
Alexa DedlowBoard Member
Anne LittBoard Member
Charlotte RolfsBoard Member
Glenn OratzBoard Member
John BennettBoard Member
Paul AdamsBoard Member
Saro ArmenianBoard Member
Scott KeysBoard Member
Simon Rust LambBoard Member
Tom KattusBoard Member
Yael ProughBoard Member
Tina SchwartzSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,279,515
Program Service Revenue
$0
Investment Income
$-126,635
Other Revenue
$21,262
All Other Contributions
$965,251
Change in Net Assets
$-433,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,164,210
Revenue Not Reported on Financial Statements
$9,932
Revenue Not Reported on Form 990
$34,148
Total Revenue per Audited Statements
$1,198,358
Total Revenue per Form 990
$1,174,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$855,495
Other Expenses$489,891
Total Fundraising Expense$281,736
Grants and Similar Amounts Paid$262,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$430,942$74,269$94,679$599,890
Grants to Domestic Orgs$240,000--$240,000
Current Officers, Directors, Trustees, and Key Employees$76,539$38,269$38,269$153,077
Occupancy$51,248$25,658$32,364$109,270
Fees for Services Other$31,581$45,645$25,959$103,185
Office Expenses$28,652$42,021$25,680$96,353
Fees for Services Accounting-$67,401-$67,401
Payroll Taxes$32,600$9,630$22,840$65,070
Other Expenses$35,144$7,570$19,894$62,608
Other Employee Benefits$15,960$3,829$13,505$33,294
Foreign Grants$22,500--$22,500
Information Technology$840$14,300$140$15,280
Insurance$6,640$1,961$4,651$13,252
Fees for Service Investment Mgmnt Fees-$9,932-$9,932
Travel$1,106$5,233$3,024$9,363
Pension Plan Contributions$2,817$616$731$4,164
Advertising$500$1,673-$2,173
Depreciation Depletion-$745-$745
Fees for Services Legal-$329-$329
Total Functional Expenses$977,069$349,081$281,736$1,607,886

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,611,850
Total Expenses per Form 990$1,607,886
Expenses per Audited Statements$1,597,954
Expenses Not Reported on Form 990$13,896
Expenses Not Reported on Financial Statements$9,932
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CHILDREN'S HOSPITAL LOS ANGELESLos Angeles, CA501(c)(3)Childhood Cancer Research$75,000
Baylor College of MedicineHouston, TX501(c)(3)Childhood Cancer Research$47,500
Johns Hopkins University Central LockboxBaltimore, MD501(c)(3)Childhood Cancer Research$25,000
The Regents of the University of MichiganAnn Arbor, MI501(c)(3)Childhood Cancer Research$25,000
CHILDREN'S HOSPITAL MEDICAL CENTERCincinnati, OH501(c)(3)Childhood Cancer Research$22,500
The University of Texas Health Science Center at HoustonDallas, TX501(c)(3)Childhood Cancer Research$22,500
The University of Texas Md Anderson Cancer CenterHouston, TX501(c)(3)Childhood Cancer Research$22,500

International Summary

Offices
0
Employees
0
Spending
$22,500

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
SpainResearch Grants to Recipients Located in RegionRecipient Performs Pediatric Cancer Research00$22,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$217,301
Fundraising Gross Income$217,301
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pablove Across America$287,435$217,301$60,147$157,154
Total Events$287,435$217,301$217,301$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
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
Yes
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 B, Line 11B

The information return is sent to the finance committee for review and approval at a scheduled meeting. The full board of directors reviews the information return.

Form 990, Part VI, Section B, Line 15A

The organization's board votes only on the executive director's salary.

Form 990, Part VI, Section C, Line 18

The organization's form 990 is available for public inspection on its website.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Pablove Foundation Inc
EIN
26-3006100
Phone
3236575557
Address
6607 W SUNSET BLVD, LOS ANGELES, CA 90028

Signing Officer

Name
Kerstin Lynam
Title
CEO
Phone
3236575557
Signed
2021-06-15

Organization Details

Principal Officer
Kerstin Lynam
Formed
2008
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
13
Employees
13
Volunteers
60

Preparer

Firm
Quigley & Miron
Address
3550 WILSHIRE BLVD 1660, LOS ANGELES, CA 90010
Preparer
Armen Grigorian
Phone
2136393550
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Pablove's finance committee has responsibility for the oversight of the audit of its financial statements and selection of the independent auditor, subject to approval of the board of directors. This responsibility is unchanged from the prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered 'more likely than not' to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at december 31, 2020. Generally, pablove's information returns remain open for examination for a period of three (federal) or four (state of california) years from the date of filing.

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IRS990/Desc0PABLOVE'S POWERED BY PABLOVE CHILDHOOD CANCER RESEARCH GRANTS PROGRAM IS FOCUSED ON AWARDING $50,000 SEED GRANTS TO PROMISING, EARLY-CAREER INVESTIGATORS, ENABLING THEM TO DISCOVER AND APPLY NOVEL APPROACHES TO CARE, WIDELY DISTRIBUTE THEIR FINDINGS AND GAIN SUBSTANTIALLY GREATER FUNDING FOR LARGER, MORE INTENSE RESEARCH PROJECTS AND PROGRAMS. THIS STRATEGY HAS BEEN REMARKABLY SUCCESSFUL IN PROVIDING A FOUNDATION FOR EXCEPTIONALLY VALUABLE SCIENTIFIC BREAKTHROUGHS IN BOTH SCIENTIFIC AND CLINICAL KNOWLEDGE. PABLOVE'S DREAM IS TO ENSURE THAT NO BRILLIANT, PROMISING SCIENTIST GOES UNFUNDED IN THE INITIAL PHASE OF RESEARCH NEEDED TO ADVANCE FROM BENCH TO BEDSIDE. CHILDREN EVERYWHERE ARE IN NEED AND ARE WAITING FOR THE INNOVATIVE TREATMENT OPTIONS AND CURES THEIR RESEARCH PROVIDES. IN 2020, PABLOVE AWARDED FIVE (5) POWERED BY PABLOVE SEED GRANTS TO INVESTIGATORS ACROSS THE GLOBE. PABLOVE'S RESEARCH IS CONDUCTED IN PRESTIGIOUS INSTITUTIONS INCLUDING: AUGUST PI I SUNYER BIOMEDICAL RESEARCH INSTITUTE, BARCELONA SPAIN; UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER, HOUSTON TX; AND CHILDREN'S HOSPITAL MEDICAL CENTER, CINCINNATI OH TO NAME JUST A FEW. EACH PROJECT IS FOCUSED ON A DIFFERENT RARE PEDIATRIC CANCER, INCLUDING ACUTE MYELOID LEUKEMIA, OSTEOSARCOMA, AND OPSOCLONUS-MYOCLONUS SYNDROME. DESPITE THE ONGOING PANDEMIC, THE PABLOVE BOARD OF DIRECTORS STRONGLY BELIEVE IN THE NEED TO SUPPORT THESE CUTTING-EDGE INITIATIVES TO REVEAL STUNNING NEW PATHWAYS TOWARD BETTER TREATMENTS AND ULTIMATELY CURES FOR THESE CHALLENGING, OFTEN DEVASTATING, PEDIATRIC CANCERS
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IRS990/MissionDesc0THE MISSION OF THE PABLOVE FOUNDATION IS TO INVEST IN UNDERFUNDED, CUTTING-EDGE PEDIATRIC CANCER RESEARCH, AND TO IMPROVE THE LIVES OF CHILDREN LIVING WITH CANCER THROUGH THE ARTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PABLOVE SHUTTERBUGS IS A PARTICIPATORY HEALING ARTS EDUCATION PROGRAM THAT LETS KIDS JUST BE KIDS, WHILE THEY FIND THEIR CREATIVE VOICES THROUGH PHOTOGRAPHY. 2020 BEGAN WITH THE PABLOVE SHUTTERBUGS PROGRAM LOCATED IN SEVEN CITIES AND SIX STATES ACROSS THE COUNTRY: LOS ANGELES AND SAN FRANCISCO BAY AREA (CA), SEATTLE (WA), BOSTON (MA), NEW YORK (NY), HOUSTON (TX), AND NEW ORLEANS (LA). PABLOVE OFFERS A PHOTOGRAPHY CURRICULUM WITH AN INTRODUCTORY CLASS, AN ALL-COST-PAID SUMMER CAMP FOR CHILDREN AND TEENS LIVING WITH CANCER, AND AN ADVANCED CLASS, WHERE, STUDENTS LEARN TO WORK WITH PHOTOGRAPHY AS A MEANS TO ADVOCATE FOR CANCER RESEARCH AND EXPLORE THEIR IDENTITY WHILE LIVING WITH CANCER. PABLOVE HAS BEEN ABLE TO GATHER REMARKABLE RESOURCES TO SUPPORT THIS MISSION BY PARTNERING WITH ART INSTITUTIONS SUCH AS THE MUSEUM OF MODERN ART (MOMA) IN NEW YORK CITY, THE HUNTINGTON LIBRARY, ART MUSEUM AND BOTANICAL GARDENS IN LOS ANGELES, AND SAWYER YARDS IN HOUSTON. OUR STUDENTS FIND RESPITE FROM THE DIFFICULT ROUTINE OF TREATMENT WHILE THEY FOCUS ON A FUN NEW ACTIVITY: LEARNING ABOUT PHOTOGRAPHY. EVERY PABLOVE SHUTTERBUGS COURSE CULMINATES IN A GRADUATION AND YEARLY STUDENT GALLERY SHOW AT A PROFESSIONAL GALLERY SPACE TO CELEBRATE OUR YOUNG PHOTOGRAPHERS. ALL PRINT SALES AT PABLOVE'S GALLERY SHOWS DIRECTLY SUPPORT THE POWERED BY PABLOVE RESEARCH GRANTS PROGRAM. WITH THE PANDEMIC, OF COURSE, 2020 UNFOLDED DIFFERENTLY FOR OUR IN-PERSON PROGRAMS. AS SOON AS STAY-AT-HOME ORDERS WENT INTO EFFECT, PABLOVE HALTED ALL LIVE SHUTTERBUGS ACTIVITIES AND HAS WORKED REMOTELY SINCE THEN. BUT IT HASN'T ALL BEEN BAD. THE NECESSARY ISOLATION OF THE PANDEMIC INSPIRED PROFOUND CREATIVITY TO KEEP THE PABLOVE SHUTTERBUGS ARTS EDUCATION PROGRAM SERVING OUR KIDS AND EVEN SERVING THEM BETTER. PABLOVE QUICKLY PIVOTED AND EMBRACED THE RAPIDLY EXPANDING VIRTUAL WORLD OF PROGRAMMING AND EDUCATION. WE KNEW OUR SHUTTERBUGS COMMUNITY WAS EVEN HUNGRIER FOR SOCIAL INTERACTION, SO PABLOVE CREATED THREE VIRTUAL SHUTTERBUGS CLASSES FOR ALUMNI STUDENTS FROM ACROSS THE COUNTRY. THIS WAS THE VERY FIRST TIME THE PABLOVE SHUTTERBUGS PROGRAM WAS PRESENTED VIRTUALLY. BY FALL PABLOVE OFFERED A FULL ROSTER OF INTRODUCTORY CLASSES, DELIGHTING 159 STUDENTS (INCL. SPRING + SUMMER CLASSES) RECRUITED FROM OUR SEVEN SHUTTERBUGS PROGRAM CITIES. PABLOVE HAD CONTEMPLATED A VIRTUAL SHUTTERBUGS OFFERING FOR YEARS, AND NOW WE ARE ROCKING IT! MOST EXCITING IS THAT BY ENGAGING STUDENTS EFFECTIVELY IN A VIRTUAL LEARNING ENVIRONMENT, WE CAN SIGNIFICANTLY EXPAND THE PABLOVE SHUTTERBUGS PROGRAM TO REACH ANY CHILDREN AND TEENS LIVING WITH CANCER, ANYWHERE, INCLUDING KIDS WHO CANNOT LEAVE THE HOSPITAL FOR IN-PERSON CLASSES.IT IS EASY TO SEE THE JOY THAT OUR PROGRAMS BRING TO OUR PABLOVE KIDS. MOREOVER, WE ARE COMMITTED TO MAKING A REAL DIFFERENCE IN THE QUALITY OF LIFE (QOL) OF OUR KIDS. WE DEVELOPED AND EXECUTED A COMPREHENSIVE SCIENTIFIC EVALUATION INITIATIVE FOR THE SHUTTERBUGS PROGRAM. BY ADOPTING A WIDELY APPLIED AND VALIDATED QOL ASSESSMENT WE FOUND THAT BY THE END OF THE SHUTTERBUGS PROGRAM, SCORES FOR BOTH THE YOUNGER CHILDREN AND TEENS, SHOWED STATISTICALLY SIGNIFICANT GAINS IN QUALITY OF LIFE. THIS IS A PROFOUNDLY IMPORTANT VALIDATION OF THE POSITIVE EFFECT THAT OUR SHUTTERBUGS ACTIVITIES HAVE FOR THE KIDS WE SERVE, AND PABLOVE WILL CONTINUE TO MONITOR AND EVALUATE THE QOL BENEFITS OF OUR COURSES IN ORDER TO CONTINUOUSLY IMPROVE AND OPTIMIZE OUR PROGRAMS TO FURTHER INCREASE QOL BENEFITS WE ARE PROUD TO HAVE FINISHED OUT 2020 WITH MANY SUCCESSES AND WITH NO STAFF LAYOFFS DESPITE MASSIVE DISRUPTION OF OUR CORE SERVICES, ADMINISTRATIVE MODEL, AND DONOR PROGRAMS. THROUGH IT, PABLOVE HAS BECOME STRONGER AND DEVELOPED VIRTUAL EXPERTISE ACROSS THE BOARD, INCLUDING FUNDRAISING. MUCH OF WHAT WE LEARNED WILL MAKE THE PABLOVE FOUNDATION BETTER IN 2021 AND BEYOND. WE ARE MOVING AHEAD, WELL POSITIONED FOR FURTHER POSITIVE MISSION-CENTRIC IMPACT AND GROWTH.
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