Civic Intelligence

Lbcf Properties Foundation

990 • Fiscal year 2019 • EIN 45-2979393

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 24, 2020

400 Oceangate AveLong Beach, CA 90802

(562) 435-9033

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.04x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$153,764

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 181.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

42nd percentile

0.6%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.2%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$641,091

Up $3,750 (+0.6%) from 2018

Net Assets

Up

$637,556

Up $1,385 (+0.2%) from 2018

Liabilities

Up

$3,535

Up $2,365 (+202%) from 2018

Revenue

Up

$84,635

Up $995 (+1.2%) from 2018

Expenses

Up

$83,250

Up $4,034 (+5.1%) from 2018

Net Income

Down

$1,385

Down $3,039 (-69%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $1Liabilities 2011: $02011Assets 2012: $601,287Liabilities 2012: $1,266Net Assets 2012: $600,0212012Assets 2013: $589,407Liabilities 2013: $3,252Net Assets 2013: $586,1552013Assets 2014: $587,830Liabilities 2014: $2,225Net Assets 2014: $585,6052014Assets 2015: $611,084Liabilities 2015: $2,013Net Assets 2015: $609,0712015Assets 2016: $644,714Liabilities 2016: $4,500Net Assets 2016: $640,2142016Assets 2017: $632,930Liabilities 2017: $1,183Net Assets 2017: $631,7472017Assets 2018: $637,341Liabilities 2018: $1,170Net Assets 2018: $636,1712018Assets 2019: $641,091Liabilities 2019: $3,535Net Assets 2019: $637,5562019Assets 2020: $649,941Liabilities 2020: $1,371Net Assets 2020: $648,5702020Assets 2021: $661,269Liabilities 2021: $1,372Net Assets 2021: $659,8972021Assets 2022: $651,636Liabilities 2022: $1,436Net Assets 2022: $650,2002022Assets 2023: $609,558Liabilities 2023: $1,372Net Assets 2023: $608,1862023Assets 2024: $595,018Liabilities 2024: $1,752Net Assets 2024: $593,2662024

Highlighted filing

2019

Assets$641,091
Liabilities$3,535
Net Assets$637,556

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Expenses 2012: $47,2232012Revenue 2013: $50,615Expenses 2013: $64,481Net Income 2013: -$13,8662013Revenue 2014: $81,497Expenses 2014: $82,047Net Income 2014: -$5502014Revenue 2015: $102,155Expenses 2015: $78,689Net Income 2015: $23,4662015Revenue 2016: $112,856Expenses 2016: $81,713Net Income 2016: $31,1432016Revenue 2017: $80,576Expenses 2017: $89,043Net Income 2017: -$8,4672017Revenue 2018: $83,640Expenses 2018: $79,216Net Income 2018: $4,4242018Revenue 2019: $84,635Expenses 2019: $83,250Net Income 2019: $1,3852019Revenue 2020: $81,451Expenses 2020: $70,437Net Income 2020: $11,0142020Revenue 2021: $84,208Expenses 2021: $72,881Net Income 2021: $11,3272021Revenue 2022: $93,392Expenses 2022: $103,089Net Income 2022: -$9,6972022Revenue 2023: $89,380Expenses 2023: $131,394Net Income 2023: -$42,0142023Revenue 2024: $104,302Expenses 2024: $119,222Net Income 2024: -$14,9202024

Highlighted filing

2019

Revenue$84,635
Expenses$83,250
Net Income$1,385
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 24, 2020
Return Version
2019v5.0
Gross Receipts
$84,635
Mission and Program Overview

Mission

To support the charitable mission of the long beach community foundation by receiving donations of real property and other non-liquid assets and by managing, administering or disposing of these donated assets for the benefit of the supported foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$537,082$519,170▼ $17,912
Cash and Non-Interest-Bearing Accounts$98,763$120,504▲ $21,741
Prepaid Expenses and Deferred Charges$1,405$1,405→ $0
Savings and Temporary Cash Investments$91$12▼ $79
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$637,341$641,091▲ $3,750
Other Assets Total-$0-
Liabilities
Other Liabilities-$2,164-
Accounts Payable and Accrued Expenses$1,170$1,371▲ $201
Total Liabilities$1,170$3,535▲ $2,365
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$636,171$637,556▲ $1,385
Total Net Assets Fund Balance$636,171$637,556▲ $1,385
Total Liabilities and Net Assets / Fund Balance$637,341$641,091▲ $3,750

Asset Categories

AssetBook ValueDepreciationBasis
Land$235,800-$235,800
Buildings$173,465$40,735$214,200
Leasehold Improvements$102,860$54,108$156,968
Other Land Buildings$7,045$27,897$34,942
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary DelongChairman
Marcelle EpleyPresident
Robert StemlerVice President
Donita JosephCFO
Annette KashiwabaraSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$82,504
Investment Income
$85
Other Revenue
$2,046
Change in Net Assets
$1,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$17,911--$17,911
Fees for Services Management-$6,190-$6,190
Fees for Services Other-$3,500-$3,500
Office Expenses-$2,238-$2,238
Insurance$2,025--$2,025
Other Expenses$1,859$1,340-$1,340
Occupancy-$516-$516
Fees for Service Investment Mgmnt Fees-$168-$168
Fees for Services Legal-$98-$98
Total Functional Expenses$69,200$14,050$0$83,250
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

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
Other Payables$2,164
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The President and the Board review and approve the drafted 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each member of the board annually fills out a conflict of interest statement.

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

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Lbcf Properties Foundation
EIN
45-2979393
Phone
5624359033
Address
400 OCEANGATE AVE, LONG BEACH, CA 90802

Signing Officer

Name
Marcelle Epley
Title
President
Signed
2020-07-24
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0

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

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if the tax positions will, more likely than not, be sustained upon examination. As of December 31, 2019 management does not believe the Foundation has any uncertain tax positions requiring accrual or disclosure. 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.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0205054010
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LONG BEACH COMMUNITY FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0173465
IRS990ScheduleD/BuildingsGrp/DepreciationAmt040735
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0214200
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0235800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0235800
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102860
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt054108
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0156968
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07045
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027897
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYABLES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if the tax positions will, more likely than not, be sustained upon examination. As of December 31, 2019 management does not believe the Foundation has any uncertain tax positions requiring accrual or disclosure. 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 : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0519170
IRS990ScheduleD/TotalLiabilityAmt02164
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0149940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARCELLE EPLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0153764
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President and the Board review and approve the drafted 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD ANNUALLY FILLS OUT A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LONG BEACH COMMUNITY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205054010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt08
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0400 OCEANGATE AVE 800
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LONG BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090802
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0637341
IRS990/TotalAssetsEOYAmt0641091
IRS990/TotalAssetsGrp/BOYAmt0637341
IRS990/TotalAssetsGrp/EOYAmt0641091
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069200
IRS990/TotalFunctionalExpensesGrp/TotalAmt083250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01170
IRS990/TotalLiabilitiesEOYAmt03535
IRS990/TotalLiabilitiesGrp/BOYAmt01170
IRS990/TotalLiabilitiesGrp/EOYAmt03535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0636171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0637556
IRS990/TotalOtherCompensationAmt03824
IRS990/TotalProgramServiceExpensesAmt069200
IRS990/TotalProgramServiceRevenueAmt082504
IRS990/TotalRevenueGrp/ExclusionAmt085
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084635

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.02$5.93$1.04$1.19$0.15
2023Detailed filing. Detailed filing data is available for this year.$6.10$0.01$6.08$0.89$1.31$0.42
2022Detailed filing. Detailed filing data is available for this year.$6.52$0.01$6.50$0.93$1.03$0.10
2021Detailed filing. Detailed filing data is available for this year.$6.61$0.01$6.60$0.84$0.73$0.11
2020Detailed filing. Detailed filing data is available for this year.$6.50$0.01$6.49$0.81$0.70$0.11
2019Detailed filing. Detailed filing data is available for this year.$6.41$0.04$6.38$0.85$0.83$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.37$0.01$6.36$0.84$0.79$0.04
2017Detailed filing. Detailed filing data is available for this year.$6.33$0.01$6.32$0.81$0.89$0.08
2016Detailed filing. Detailed filing data is available for this year.$6.45$0.05$6.40$1.13$0.82$0.31
2015Detailed filing. Detailed filing data is available for this year.$6.11$0.02$6.09$1.02$0.79$0.23
2014Detailed filing. Detailed filing data is available for this year.$5.88$0.02$5.86$0.81$0.82$0.01
2013Detailed filing. Detailed filing data is available for this year.$5.89$0.03$5.86$0.51$0.64$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.01$6.00$0.47
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00