Civic Intelligence

The Drg Foundation

990 • Fiscal year 2020 • EIN 46-3699756

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

Organization Profilewww.thedgfoundation.org
206 Baltimore AvenueCorte Madera, CA 94925

(707) 540-5722

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

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

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

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

Net Margin

10th percentile

-32%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

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

Asset Growth

40th percentile

2.8%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$6,523,359

Up $175,591 (+2.8%) from 2019

Net Assets

Up

$6,522,859

Up $179,743 (+2.8%) from 2019

Liabilities

Down

$500

Down $4,152 (-89%) from 2019

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin10th percentile

Revenue

Down

$171,243

Down $4,942,780 (-97%) from 2019

Expenses

Down

$226,094

Down $21,011 (-8.5%) from 2019

Net Income

Down

-$54,851

Down $4,921,769 (-101%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$10M$5.0M$0Assets 2013: $38,353Liabilities 2013: $02013Assets 2014: $345,741Liabilities 2014: $0Net Assets 2014: $345,7412014Assets 2015: $995,854Liabilities 2015: $12,678Net Assets 2015: $983,1762015Assets 2016: $1,039,536Liabilities 2016: $0Net Assets 2016: $1,039,5362016Assets 2017: $1,367,503Liabilities 2017: $16,782Net Assets 2017: $1,350,7212017Assets 2018: $1,318,685Liabilities 2018: $18,388Net Assets 2018: $1,300,2972018Assets 2019: $6,347,768Liabilities 2019: $4,652Net Assets 2019: $6,343,1162019Assets 2020: $6,523,359Liabilities 2020: $500Net Assets 2020: $6,522,8592020Assets 2021: $6,718,054Liabilities 2021: $0Net Assets 2021: $6,718,0542021Assets 2022: $7,239,511Liabilities 2022: $0Net Assets 2022: $7,239,5112022Assets 2023: $7,693,470Liabilities 2023: $0Net Assets 2023: $7,693,4702023Assets 2024: $8,133,128Liabilities 2024: $0Net Assets 2024: $8,133,1282024

Highlighted filing

2020

Assets$6,523,359
Liabilities$500
Net Assets$6,522,859
Open 2020 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $38,353Expenses 2013: $0Net Income 2013: $38,3532013Revenue 2014: $345,225Expenses 2014: $45,195Net Income 2014: $300,0302014Revenue 2015: $681,467Expenses 2015: $46,547Net Income 2015: $634,9202015Revenue 2016: $162,528Expenses 2016: $127,244Net Income 2016: $35,2842016Revenue 2017: $408,139Expenses 2017: $160,344Net Income 2017: $247,7952017Revenue 2018: $72,728Expenses 2018: $26,961Net Income 2018: $45,7672018Revenue 2019: $5,114,023Expenses 2019: $247,105Net Income 2019: $4,866,9182019Revenue 2020: $171,243Expenses 2020: $226,094Net Income 2020: -$54,8512020Revenue 2021: $318,364Expenses 2021: $36,225Net Income 2021: $282,1392021Revenue 2022: $986,039Expenses 2022: $118,979Net Income 2022: $867,0602022Revenue 2023: $319,256Expenses 2023: $375,627Net Income 2023: -$56,3712023Revenue 2024: $725,140Expenses 2024: $383,432Net Income 2024: $341,7082024

Highlighted filing

2020

Revenue$171,243
Expenses$226,094
Net Income-$54,851
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$659,529
Mission and Program Overview

Mission

The organization's mission is to make grants to Marin Catholic High School in Marin, California, San Domenico School in San Anselmo, California and the University of Miami in Miami, Florida to be used for student scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,000,000$5,000,000→ $0
Investments in Publicly Traded Securities$592,353$878,739▲ $286,386
Cash and Non-Interest-Bearing Accounts$547,802$395,387▼ $152,415
Investments Program Related$189,500$189,500→ $0
Land, Buildings, and Equipment, Net$2,400$33,750▲ $31,350
Inventories for Sale or Use$14,932$13,952▼ $980
Intangible Assets-$11,250-
Accounts Receivable$781$781→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,347,768$6,523,359▲ $175,591
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,652$500▼ $4,152
Total Liabilities$4,652$500▼ $4,152
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,000,000$5,000,000→ $0
Net Assets Without Donor Restrictions$1,343,116$1,522,859▲ $179,743
Total Net Assets Fund Balance$6,343,116$6,522,859▲ $179,743
Total Liabilities and Net Assets / Fund Balance$6,347,768$6,523,359▲ $175,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,750-$33,750
Equipment-$18,000$18,000
Investment Program Related Org$189,500--
Closely Held Equity Interests$5,000,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,000,000---$5,000,000
2019-$5,000,000--$5,000,000
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Richard GhilottiPresident
Greg ChomaDirector
Josh MandelDirector
Matt CappielloDirector
Rochelle GhilottiDirector
William GhilottiDirector
Michelle Ghilotti MandelSecretary
Emily FielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,868
Program Service Revenue
$0
Investment Income
$57,814
Other Revenue
$-23,439
All Other Contributions
$24,368
Change in Net Assets
$-54,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$200,000
Other Expenses$26,094
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$200,000--$200,000
Fees for Services Accounting-$12,100-$12,100
Depreciation Depletion$6,150--$6,150
Fees for Service Investment Mgmnt Fees-$6,023-$6,023
Insurance-$1,519-$1,519
Other Expenses-$302-$302
Total Functional Expenses$206,150$19,944$0$226,094
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marin Catholic High SchoolKentfield, CA501(c)(3)Education$100,000
University of MiamiCoral Gables, FL501(c)(3)Education$100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,439
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala (Orange & Blue Ball)$112,500-$5,088-
Total Events$112,500-$23,439$-23,439
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
Annual disclosure for covered persons
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
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

“Michelle and Josh Mandel - related through marriageWilliam and Rochelle Ghilotti - related through marriage.William Ghilotti and Michelle Ghilotti Mandel are children of Richard Ghilotti.”

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

“The Form 990 is prepared by an independent public accounting firm and reviewed by the board president and treasurer. any questions or comments that arise during their review are addressed prior to filing.”

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

“Board members are required to annually document in writing any interests, relationships or holdings that could potentially result in a conflict of interest. If a conflict of interest is identified from an annual disclosure, the organization's executive committee will review the conflict and takes appropriate action, which may include prohibiting an individual from participating in the board's deliberations and decisions regarding a certain transaction. If a conflict is identified during a meeting, the entire Board will decide what appropriate action to take.”

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

“The conflict of interest policy and annual financial statements are maintained at and available to the public at the organization's office.”

Part VI, Section B Policies

“The organization has no paid officers, executive director or any other employees. As a result, a process for determining compensation of the organization's CEO, Executive Director, or top management official and any other officers or key employees is not necessary.”

Filing and Contact Details

Filer

Filer Name
The DRG Foundation
EIN
46-3699756
Phone
7075405722
Address
206 Baltimore Avenue, Corte Madera, CA 94925

Signing Officer

Name
Richard Ghilotti
Title
President
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Ghilotti
Formed
2013
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
15

Preparer

Firm
Brotemarkle Davis & Company Llp
Address
1000 MAIN ST STE 250, NAPA, CA 94559
Preparer
Guy W Carl
Phone
7079634466
Supplemental Narrative

Financial Statement Notes

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

“The organization owns shares in a closely held corporation. The stock is subject to restrictions on transfer to another party that make a current sale of the stock unlikely.”

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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/OtherExpensesGrp/TotalAmt0302
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Richard Ghilotti
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05118841
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0222501
IRS990/PYInvestmentIncomeAmt0466
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt024604
IRS990/PYOtherRevenueAmt0-5284
IRS990/PYRevenuesLessExpensesAmt04866918
IRS990/PYTotalExpensesAmt0247105
IRS990/PYTotalRevenueAmt05114023
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-54851
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0118841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0389870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0859813
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04752
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09275
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03112
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027193
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41410
IRS990ScheduleA/PublicSupportPY170Pct00.43720
IRS990ScheduleA/PublicSupportTotal170Amt0373064
IRS990ScheduleA/SubstantialContributorsTotAmt0486749
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0136868
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0118841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046605
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0389870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0859813
IRS990ScheduleA/TotalSupportAmt0900850
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt04023
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt09821
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt013844
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt05000000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05000000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05000000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0189500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Vehicle Exhibit
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033750
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization owns shares in a closely held corporation. The stock is subject to restrictions on transfer to another party that make a current sale of the stock unlikely.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033750
IRS990ScheduleD/TotalBookValueSecuritiesAmt05000000
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0112500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0112500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023439
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala (Orange & Blue Ball)
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0112500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0112500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-23439
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05088
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05088
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt018351
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt018351
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Education
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Marin Catholic High School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1University of Miami
IRS990ScheduleI/RecipientTable/RecipientEIN0941156698
IRS990ScheduleI/RecipientTable/RecipientEIN1590624458
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0675 Sir Frances Drake Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11320 S Dixie Highway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Kentfield
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Coral Gables
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094904
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd133124
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are generally made to educational institutions that are qualified public charities, and the grants specify the purpose to which they are to be used. Scholarships to individuals are made to assist them for the cost of tuition and books, and each individual has met the qualifications for the scholarship funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Michelle and Josh Mandel - related through marriageWilliam and Rochelle Ghilotti - related through marriage.William Ghilotti and Michelle Ghilotti Mandel are children of Richard Ghilotti.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by an independent public accounting firm and reviewed by the board president and treasurer. any questions or comments that arise during their review are addressed prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are required to annually document in writing any interests, relationships or holdings that could potentially result in a conflict of interest. If a conflict of interest is identified from an annual disclosure, the organization's executive committee will review the conflict and takes appropriate action, which may include prohibiting an individual from participating in the board's deliberations and decisions regarding a certain transaction. If a conflict is identified during a meeting, the entire Board will decide what appropriate action to take.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The conflict of interest policy and annual financial statements are maintained at and available to the public at the organization's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has no paid officers, executive director or any other employees. As a result, a process for determining compensation of the organization's CEO, Executive Director, or top management official and any other officers or key employees is not necessary.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Section B Policies
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,523,359
Liabilities
$500
Net assets
$6,522,859
Revenue
$171,243
Expenses
$226,094
Net income
-$54,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.13$0.00$8.13$0.73$0.38$0.34
2023Detailed filing. Detailed filing data is available for this year.$7.69$0.00$7.69$0.32$0.38$0.06
2022Detailed filing. Detailed filing data is available for this year.$7.24$0.00$7.24$0.99$0.12$0.87
2021Detailed filing. Detailed filing data is available for this year.$6.72$0.00$6.72$0.32$0.04$0.28
2020Detailed filing. Detailed filing data is available for this year.$6.52$0.00$6.52$0.17$0.23$0.05
2019Detailed filing. Detailed filing data is available for this year.$6.35$0.00$6.34$5.11$0.25$4.87
2018Detailed filing. Detailed filing data is available for this year.$1.32$0.02$1.30$0.07$0.03$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.02$1.35$0.41$0.16$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.16$0.13$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.01$0.98$0.68$0.05$0.63
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.35$0.05$0.30
2013Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.00$0.04