Civic Intelligence

Rancho Los Alamitos Foundation

990 • Fiscal year 2017 • EIN 33-0083942

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 15, 2018

6400 Bixby Hill RdLong Beach, CA 90815

(562) 431-3541

Siviq Scores

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

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.22x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$171,216

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

95th percentile

65%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$10,247,250

Up $4,027,039 (+65%) from 2016

Net Assets

Up

$9,190,296

Up $3,848,185 (+72%) from 2016

Liabilities

Up

$1,056,954

Up $178,854 (+20%) from 2016

Revenue

Up

$4,883,923

Up $2,351,616 (+93%) from 2016

Expenses

Up

$1,622,499

Up $43,999 (+2.8%) from 2016

Net Income

Up

$3,261,424

Up $2,307,617 (+242%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $12,771,822Liabilities 2012: $1,095,483Net Assets 2012: $11,676,3392012Assets 2013: $4,431,434Liabilities 2013: $1,125,920Net Assets 2013: $3,305,5142013Assets 2014: $4,925,924Liabilities 2014: $883,629Net Assets 2014: $4,042,2952014Assets 2015: $5,087,724Liabilities 2015: $860,697Net Assets 2015: $4,227,0272015Assets 2016: $6,220,211Liabilities 2016: $878,100Net Assets 2016: $5,342,1112016Assets 2017: $10,247,250Liabilities 2017: $1,056,954Net Assets 2017: $9,190,2962017Assets 2018: $10,705,843Liabilities 2018: $1,013,547Net Assets 2018: $9,692,2962018Assets 2019: $10,850,725Liabilities 2019: $1,303,725Net Assets 2019: $9,547,0002019Assets 2020: $8,545,381Liabilities 2020: $834,944Net Assets 2020: $7,710,4372020Assets 2024: $13,429,173Liabilities 2024: $92,610Net Assets 2024: $13,336,5632024

Highlighted filing

2017

Assets$10,247,250
Liabilities$1,056,954
Net Assets$9,190,296

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,630,6752012Expenses 2013: $10,140,4512013Revenue 2014: $2,323,264Expenses 2014: $1,799,917Net Income 2014: $523,3472014Revenue 2015: $2,161,549Expenses 2015: $1,667,905Net Income 2015: $493,6442015Revenue 2016: $2,532,307Expenses 2016: $1,578,500Net Income 2016: $953,8072016Revenue 2017: $4,883,923Expenses 2017: $1,622,499Net Income 2017: $3,261,4242017Revenue 2018: $2,036,365Expenses 2018: $1,695,172Net Income 2018: $341,1932018Revenue 2019: $1,415,315Expenses 2019: $1,362,032Net Income 2019: $53,2832019Revenue 2020: $1,362,824Expenses 2020: $1,308,356Net Income 2020: $54,4682020Revenue 2024: $1,712,631Expenses 2024: $1,955,640Net Income 2024: -$243,0092024

Highlighted filing

2017

Revenue$4,883,923
Expenses$1,622,499
Net Income$3,261,424
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 15, 2018
Return Version
2016v3.0
Gross Receipts
$5,006,630
Mission and Program Overview

Mission

The mission of rancho los alamitos foundation is public education in the broadest possible sense. The foundation uses the historic site, its history and resources to explore the story of the site in relation to the region, state, nation and beyond through the lens of cultural geography - the interaction between culture and environment. The site offers school tours, public tours, lectures, public educational programs and events, and develops educational materials for the long beach unified school district.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,324,658$6,299,117▲ $1,974,459
Savings and Temporary Cash Investments$716,219$651,407▼ $64,812
Accounts Receivable$49,104$499,199▲ $450,095
Pledges and Grants Receivable-$209,413-
Land, Buildings, and Equipment, Net$225,555$178,093▼ $47,462
Inventories for Sale or Use$38,804$32,813▼ $5,991
Prepaid Expenses and Deferred Charges$26,748$21,969▼ $4,779
Cash and Non-Interest-Bearing Accounts$39,123$13,601▼ $25,522
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$6,220,211$10,247,250▲ $4,027,039
Other Assets Total$800,000$2,341,638▲ $1,541,638
Liabilities
Other Liabilities$750,000$750,000→ $0
Accounts Payable and Accrued Expenses$125,796$158,314▲ $32,518
Deferred Revenue$2,304$148,640▲ $146,336
Total Liabilities$878,100$1,056,954▲ $178,854
Net Assets / Fund Balance
Unrestricted Net Assets$2,562,656$6,177,484▲ $3,614,828
Permanently Rstr Net Assets$1,828,663$1,853,663▲ $25,000
Temporarily Rstr Net Assets$950,792$1,159,149▲ $208,357
Total Net Assets Fund Balance$5,342,111$9,190,296▲ $3,848,185
Total Liabilities and Net Assets / Fund Balance$6,220,211$10,247,250▲ $4,027,039

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$155,027$464,103$619,130
Equipment$21,862$144,059$165,921
Other Land Buildings$1,204$96,108$97,312
Other Assets Org$800,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,993,709$25,000▲ $276,913-$2,295,622
2015$1,858,112$25,000▲ $110,597-$1,993,709
2014$2,067,517-▼ $209,405-$1,858,112
2013$1,837,020$26,675▲ $203,822-$2,067,517
2012$1,560,449$25,500▲ $251,071-$1,837,020
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela SeagerPresident & EDFT$159,863$11,833$171,696
Pamela Young LeeAssociate DirectorFT$90,756$14,553$105,309
Revenue and Support

Revenue Composition

Contributions and Grants
$3,503,973
Program Service Revenue
$993,311
Investment Income
$209,634
Other Revenue
$177,005
All Other Contributions
$3,067,740
Change in Net Assets
$3,261,424

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 Amount
Securities Publicly Traded1$1,183,106
Total Noncash Contributions1$1,183,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,006,630
Revenue Not Reported on Financial Statements
$-122,707
Revenue Not Reported on Form 990
$586,761
Other Revenue Adjustments
$-122,707
Total Revenue per Audited Statements
$5,593,391
Total Revenue per Form 990
$4,883,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$815,494
Other Expenses$777,005
Total Fundraising Expense$163,454
Professional Fundraising Fees$30,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$341,157$152,339$45,297$538,793
Current Officers, Directors, Trustees, and Key Employees$85,848$60,094$25,754$171,696
All Other Expenses$115,481$44,271$2,499$162,251
Fees for Services Accounting-$68,316-$68,316
Insurance$35,966$32,344-$68,310
Occupancy$61,641--$61,641
Payroll Taxes$58,036-$1,206$59,242
Depreciation Depletion$25,268$33,411-$58,679
Office Expenses$21,130$21,583-$42,713
Other Expenses$19,237$16,542$58,480$35,779
Fees for Services Professional Fundraising--$30,000$30,000
Other Employee Benefits$26,048--$26,048
Pension Plan Contributions$19,715--$19,715
Fees for Services Other$9,061$5,927-$14,988
Advertising$655$8,047$218$8,920
Travel$2,339$595-$2,934
Total Functional Expenses$1,015,576$443,469$163,454$1,622,499

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,745,206
Expenses per Audited Statements$1,622,499
Total Expenses per Form 990$1,622,499
Expenses Not Reported on Form 990$122,707
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$245,981
Fundraising Direct Expenses$86,182
Professional Fundraising Fees$30,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Award Luncheon$140,930$127,917$16,057$111,860
Farm Dinner at the Ranch$104,252$99,052$15,133$83,919
Total Events$278,209$245,981$86,182$159,799
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Elizabeth Bixby Janeway Fnd$750,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The trustees John and Preston Hotchkis are brothers and trustee Jeffrey Green is their cousin.

Form 990, Part VI, Line 11B: Form 990 Review Process

Before the return is completed, a draft copy of the form 990 is provided to all the board members for their review, comments, and approval.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

At the time of hiring a study is completed regarding the need for the position and outside salaries are looked at for comparison levels.a salary is established, a search is undertaken and an individual is hired.salaries are submitted to the board of directors on annual basis with our budget. They review the staff, their salary levels in executive session and approve or make changes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are posted on guidestar.org, and are available at the main office uponreasonable request.

Filing and Contact Details

Filer

Filer Name
Rancho Los Alamitos Foundation
EIN
33-0083942
Phone
5624313541
Address
6400 BIXBY HILL RD, LONG BEACH, CA 90815

Signing Officer

Name
Pamela Seager
Title
President & Ed
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
18
Employees
24
Volunteers
142

Preparer

Firm
Onisko & Scholz Llp
Address
5000 E SPRING ST STE 200, LONG BEACH, CA 90815-5215
Preparer
Cynthia D Schoelen CPA
Phone
5624203100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

AUTO AND TRUCK: Column (A) - Total = $5147; Column (B) - Program Services = $0; Column (C) - Management & General = $5147; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANK CHARGES: Column (A) - Total = $3304; Column (B) - Program Services = $92; Column (C) - Management & General = $3212; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CONSULTANT FEES: Column (A) - Total = $32033; Column (B) - Program Services = $32033; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DUES & SUBSCRIPTIONS: Column (A) - Total = $10261; Column (B) - Program Services = $7261; Column (C) - Management & General = $2479; Column (D) - Fundraising = $521

Form 990, Part IX, Line 24E: Other Expenses

EDUCATIONAL WORKSHOPS: Column (A) - Total = $20459; Column (B) - Program Services = $20459; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

EQUIPMENT RENTAL: Column (A) - Total = $1053; Column (B) - Program Services = $0; Column (C) - Management & General = $1053; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

INTERNET SERVICES: Column (A) - Total = $14065; Column (B) - Program Services = $4931; Column (C) - Management & General = $9134; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LICENSES AND FEES: Column (A) - Total = $814; Column (B) - Program Services = $307; Column (C) - Management & General = $507; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MATERIALS AND SUPPLIES: Column (A) - Total = $22337; Column (B) - Program Services = $21961; Column (C) - Management & General = $376; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $5490; Column (B) - Program Services = $440; Column (C) - Management & General = $5050; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $16553; Column (B) - Program Services = $9410; Column (C) - Management & General = $5165; Column (D) - Fundraising = $1978

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $12148; Column (B) - Program Services = $0; Column (C) - Management & General = $12148; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

VOLUNTEER EXPENSES: Column (A) - Total = $18587; Column (B) - Program Services = $18587; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

Rancho Los Alamitos is a National Register site which includes an adobe core ranch house c.1800, five acres of lush historic gardens, and an historic barnyard area. Rancho is owned by the City of Long Beach and operated by Rancho Los Alamitos Foundation as a public/private cooperative venture under the auspices of the Department of Parks, Recreation and Marine. The value of the site has not been included in THE Foundation's financial statements.Total capitalized Construction cost related to the Barns Area Restoration and Education Center Project was $8,576,849. In fiscal year ended September 30, 2014, the project was completed and therefore, the physical assets were deeded to the City of Long Beach in accordance with the provisions of the Lease Agreement.

Part V, Line 4: Intended uses of the endowment fund.

The primary goal of the foundation's endowment funds investment policy is to ensure a total return necessary to preserve and enhance the principal of the endowment and to provide a dependable source of revenue for current and future needs.The intended use of the endowment funds is to provide perpetual support for operations and programs of the foundation.

Part X : FIN48 Footnote

The Foundation follows the ASC 740, Accounting for Uncertainty in Income Taxes, which provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Foundation in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination.

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost Of Goods Sold - gift shop $36525 Special Events expenses $86182

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IRS990/Desc0The Foundation preserves, restores and manages the historic site and has responsibility for developing the educational potential of the landmark site under the public/private cooperative partnership with the owner, the City of Long Beach. The Foundation is open to the public free of charge five days a week in the afternoons, free school tours are offered in the mornings, including Children's Native American Cultural Workshops, and seasonal large-scale public educational programs are presented, again free of charge. The tour content explores the evolution of Southern California, from Native American settlement to contemporary times, using the cultural ecology of the historic site as a microcosm of the larger experience. During the fiscal year ended 9-30-2017 approximately 12,026 visitors were served on site, an additional 34,900 were served off site through participation in Garden Shows, community events, press coverage and in-classroom educational services.
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