Civic Intelligence

Family Office Foundation Inc

EIN 47-2788229 • 501(c)3 • Costa Mesa, CA

Profile

The specific purpose of the corporation is to provide assistance to ther charitable organizations described in irc 501(c)(3).

650 Town Center Drive 890Costa Mesa, CA 92626

www.familyofficefoundation.com

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

14.29x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

1st percentile

-15243%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

8th percentile

-10%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

2154%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$81,473,977

Down $9,193,106 (-10%) from 2023

Liabilities

Down

$434,145

Down $72,439 (-14%) from 2023

Net Assets

Down

$81,039,832

Down $9,120,667 (-10%) from 2023

Revenue

Up

$30,387

Up $29,039 (+2154%) from 2023

Expenses

Up

$4,662,224

Up $589,651 (+14%) from 2023

Net Income

Down

-$4,631,837

Down $560,612 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2015: $7,710,029Liabilities 2015: $0Net Assets 2015: $7,710,0292015Assets 2017: $57,909,353Liabilities 2017: $0Net Assets 2017: $57,909,3532017Assets 2018: $79,575,014Liabilities 2018: $16,150Net Assets 2018: $79,558,8642018Assets 2019: $103,922,839Liabilities 2019: $21,500Net Assets 2019: $103,901,3392019Assets 2020: $106,195,304Liabilities 2020: $159,730Net Assets 2020: $106,035,5742020Assets 2021: $113,230,272Liabilities 2021: $349,700Net Assets 2021: $112,880,5722021Assets 2022: $92,378,063Liabilities 2022: $277,203Net Assets 2022: $92,100,8602022Assets 2023: $90,667,083Liabilities 2023: $506,584Net Assets 2023: $90,160,4992023Assets 2024: $81,473,977Liabilities 2024: $434,145Net Assets 2024: $81,039,8322024

Highlighted filing

2024

Assets$81,473,977
Liabilities$434,145
Net Assets$81,039,832

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2015: $7,710,029Expenses 2015: $0Net Income 2015: $7,710,0292015Revenue 2017: $20,340,448Expenses 2017: $1,229,971Net Income 2017: $19,110,4772017Revenue 2018: $24,300,543Expenses 2018: $2,306,981Net Income 2018: $21,993,5622018Revenue 2019: $19,290,925Expenses 2019: $4,891,085Net Income 2019: $14,399,8402019Revenue 2020: $6,120,705Expenses 2020: $2,996,856Net Income 2020: $3,123,8492020Revenue 2021: $10,790,860Expenses 2021: $2,887,068Net Income 2021: $7,903,7922021Revenue 2022: $15,165Expenses 2022: $2,597,721Net Income 2022: -$2,582,5562022Revenue 2023: $1,348Expenses 2023: $4,072,573Net Income 2023: -$4,071,2252023Revenue 2024: $30,387Expenses 2024: $4,662,224Net Income 2024: -$4,631,8372024

Highlighted filing

2024

Revenue$30,387
Expenses$4,662,224
Net Income-$4,631,837

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$15,165
Mission and Program Overview

Mission

The mission of the family office foundation is to help philanthropic families and their advisers use planned giving tools and techniques to optimize capital available for funding favorite charities.

Financial assistance to other charitable organizations described in irc 501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$475,299$388,071▼ $87,228
Accounts Receivable-$24,268-
Total Assets$109,122,133$92,378,063▼ $16,744,070
Other Assets Total$108,646,834$91,965,724▼ $16,681,110
Liabilities
Deferred Revenue$1,309,322$210,865▼ $1,098,457
Grants Payable$87,893$56,193▼ $31,700
Accounts Payable and Accrued Expenses$4,378$10,145▲ $5,767
Total Liabilities$1,401,593$277,203▼ $1,124,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,720,540$92,100,860▼ $15,619,680
Total Net Assets Fund Balance$107,720,540$92,100,860▼ $15,619,680
Total Liabilities and Net Assets / Fund Balance$109,122,133$92,378,063▼ $16,744,070

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$91,965,724--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim VoorheesPresident/treasurer
Darryl SopataDirector/analyst
David CastorDirector/attorney
Ed CotneySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$15,165
Other Revenue
$0
Change in Net Assets
$-2,582,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-13,037,124
Total Revenue per Audited Statements
$-13,021,959
Total Revenue per Form 990
$15,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,514,127
Other Expenses$83,594
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,514,127--$2,514,127
Fees for Services Legal-$66,303-$66,303
Insurance-$8,400-$8,400
Other Expenses$8,308$143-$143
Total Functional Expenses$2,522,435$75,286$0$2,597,721

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,597,721
Total Expenses per Audited Statements$2,597,721
Total Expenses per Form 990$2,597,721
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for Retinal RegenerationIrvine, CA501(c)(3)General Assistance$209,711
St Paul Lutheran ChurchGidding, TX501(c)(3)General Assistance$152,748
ST JUDE CHILDREN'S RESEARCH HOSPITALMemphis, TN501(c)(3)General Assistance$128,050
Rose Community FoundationDenver, CO501(c)(3)General Assistance$114,800
Village Christian SchoolSun Valley, CA501(c)(3)General Assistance$70,000
School of Dentistry - LlusdLoma Linda, CA501(c)(3)General Assistance$68,000
Austin Ridge Bible ChurchAustin, TX501(c)(3)General Assistance$60,000
Mission Lutheran ChurchLaguna Niguel, CA501(c)(3)General Assistance$59,600
Kyung Hee International FoundationFort Lee, NJ501(c)(3)General Assistance$50,000
US IasLos Angeles, CA501(c)(3)General Assistance$50,000
The Church of Jesus Christ of Latter Day SaintsSalt Lake City, UT501(c)(3)General Assistance$47,000
Let Them Hear FoundationPortola Valley, CA501(c)(3)General Assistance$45,500
Hindu Temple of Antelope ValleyLancaster, CA501(c)(3)General Assistance$36,000
Manatee High School Alumni AssociationBraedenton, FL501(c)(3)General Assistance$36,000
Wounded Healer ProjectEnglewood, CO501(c)(3)General Assistance$36,000
Sp Triple CrownSan Pedro, CA501(c)(3)General Assistance$30,800
Adventist Health InternationalLoma Linda, CA501(c)(3)General Assistance$30,000
Mission Road ChurchRedlands, CA501(c)(3)General Assistance$30,000
Casita LindaFalmouth, ME501(c)(3)General Assistance$27,100
Axeals FoundationSan Pedro, CA501(c)(3)General Assistance$25,000
Murrieta Springs Seventh-day Adventist Christian ChurchWildomar, CA501(c)(3)General Assistance$25,000
St James Episcopal SchoolLos Angeles, CA501(c)(3)General Assistance$25,000
La Habra Boys & Girls ClubLa Habra, CA501(c)(3)General Assistance$23,000
Cumberland County Veterans Council IncFayetteville, NC501(c)(3)General Assistance$22,600
Bible Study FellowshipSan Antonio, TX501(c)(3)General Assistance$22,000
Commission to Every NationKerrville, TX501(c)(3)General Assistance$21,600
ChastenationincBraedenton, FL501(c)(3)General Assistance$20,000
Loma Linda University HealthLoma Linda, CA501(c)(3)General Assistance$20,000
THE MEN'S ACADEMYTemecula, CA501(c)(3)General Assistance$20,000
Young LifePrescott, AZ501(c)(3)General Assistance$20,000
American Endowment Foundation Fbo Cucci Heritage FoundationSan Diego, CA501(c)(3)General Assistance$18,000
Damien High SchoolLa Verne, CA501(c)(3)General Assistance$17,414
Bay Area School of MinistrySan Carlos, CA501(c)(3)General Assistance$17,000
Vision Care Service WestLos Angeles, CA501(c)(3)General Assistance$16,600
Journey ChurchBend, OR501(c)(3)General Assistance$15,600
Big TableSan Diego, CA501(c)(3)General Assistance$15,000
Grace Presbyterian ChurchPalo Alto, CA501(c)(3)General Assistance$15,000
Kalyan Sewa Ashram of USA IncBattle Ground, WA501(c)(3)General Assistance$15,000
Mt Olive Lutheran ChurchSanta Monica, CA501(c)(3)General Assistance$15,000
The Hailey Mayz Foundation IncRancho Santa Margarita, CA501(c)(3)General Assistance$15,000
Calvary South OcSan Clemente, CA501(c)(3)General Assistance$14,000
Hawaii Community FoundationLihue, HI501(c)(3)General Assistance$14,000
Ronald Mcdonald House - Loma LindaLoma Linda, CA501(c)(3)General Assistance$13,600
Friends of Hong Kong Charities Inc-501(c)(3)General Assistance$13,500
Inland Futures Foundation-kvcrSan Bernardino, CA501(c)(3)General Assistance$13,000
Church of Scientology Flag Service Organization IncClearwater, FL501(c)(3)General Assistance$12,500
Crestview Preparatory SchoolLa Canada, CA501(c)(3)General Assistance$12,500
Urban Impact MinistriesSeattle, WA501(c)(3)General Assistance$12,000
Path of Hope FoundationNashville, TN501(c)(3)General Assistance$11,250
FRIENDS OF THE CHILDREN'S MUSEUM AT LA HABRALa Habra, CA501(c)(3)General Assistance$11,000
Hindu Temple of Antelope ValleyPalmdale, CA501(c)(3)General Assistance$10,500
Pregnancy Resource Center - San ClementeSan Clemente, CA501(c)(3)General Assistance$10,400
Right to Life LeaguePasadena, CA501(c)(3)General Assistance$10,100
Cal Poly Pomona Philanthropic FoundationPomona, CA501(c)(3)General Assistance$10,000
Capistrano Baseball ClubMission Viejo, CA501(c)(3)General Assistance$10,000
Equation CollaborationEncinitas, CA501(c)(3)General Assistance$10,000
Folds of Honor FoundationFranklin, TN501(c)(3)General Assistance$10,000
Genspace NycBrooklyn, NY501(c)(3)General Assistance$10,000
Global Village InstituteSummertown, TN501(c)(3)General Assistance$10,000
Good Samaritan FoundationCincinnati, OH501(c)(3)General Assistance$10,000
Heartwood FoundationLake Forest, CA501(c)(3)General Assistance$10,000
Humanity & Hope Foundation IncWarsaw, IN501(c)(3)General Assistance$10,000
Jserra Catholic High SchoolSan Juan Capistrano, CA501(c)(3)General Assistance$10,000
Korea Town Senior and Community Center IncLos Angeles, CA501(c)(3)General Assistance$10,000
Mesa Grande AcademyCalimesa, CA501(c)(3)General Assistance$10,000
Project Cure DenverCentennial, CO501(c)(3)General Assistance$10,000
Rady Childrens Hospital FoundationSan Diego, CA501(c)(3)General Assistance$10,000
The Lincoln Community FoundationLincoln, NE501(c)(3)General Assistance$10,000
Tunnels to Towers FoundationStaten Island, NY501(c)(3)General Assistance$10,000
University of IowaLowa City, IA, Ch501(c)(3)General Assistance$10,000
Warren VillageDenver, CO501(c)(3)General Assistance$10,000
Saddlebrooke Community OutreachincSaddlebrooke, AZ501(c)(3)General Assistance$9,626
Community Presbyterian ChurchDanville, CA501(c)(3)General Assistance$8,800
Hillview Mental Health Center IncPacoima, CA501(c)(3)General Assistance$8,000
Judicial WatchWashington, DC501(c)(3)General Assistance$8,000
La Habra Rotary ClubLa Habra, CA501(c)(3)General Assistance$8,000
Kane County Young LifePrescott, AZ501(c)(3)General Assistance$7,500
Cedars Home for ChildrenLincoln, NE501(c)(3)General Assistance$7,000
Help for Brain Injured Children IncLa Habra, CA501(c)(3)General Assistance$7,000
Natural Resources Defense Council (nrdc)New York, NY501(c)(3)General Assistance$7,000
Secc of Seventh-day AdventistsRiverside, CA501(c)(3)General Assistance$7,000
Wounded Warrior ProjectTopeka, KS501(c)(3)General Assistance$7,000
OneocSanta Ana, CA501(c)(3)General Assistance$6,374
Dawg Nation Hockey FoundationLittleton, CO501(c)(3)General Assistance$6,200
Boys to Men MentoringSpring Valley, CA501(c)(3)General Assistance$6,000
Columbine High SchoolLittleton, CO501(c)(3)General Assistance$6,000
Faith Lutheran High SchoolWarda, TX501(c)(3)General Assistance$6,000
Fellowship of Christian AthletesKansas City, MO501(c)(3)General Assistance$6,000
Grand Canyon UniversityPhoenix, AZ501(c)(3)General Assistance$6,000
Proverbs 226Waxhaw, NC501(c)(3)General Assistance$6,000
Cca HoustonHouston, TX501(c)(3)General Assistance$5,500
Goethe International Charter SchoolLos Angeles, CA501(c)(3)General Assistance$5,025
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY CURRENT DIRECTORLEGAL FEES FOR CLLC'SNo$273,893
-ENTITY MORE THAN 35% OWNED BY CURRENT DIRECTORPortfoilio Asset ManagementNo$249,079
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
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, Section B, Line 11B

The organization makes its 990 available upon inspection by board of directors. The financial statements are audited a cpa who reviews all records of the organization.

Form 990, Part VI, Section B, Line 12C

The board of directors reviews and signs an annual conflict of interest policy.

Form 990, Part VI, Section C, Line 18

The organization makes all of the documents available for inspection by the public upon request.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Family Office Foundation Inc
EIN
47-2788229
Phone
9495104850
Address
650 TOWN CENTER DRIVE 890, COSTA MESA, CA 92626

Signing Officer

Name
Tim Voorhees
Title
President
Phone
9495104850
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Voorhees
Formed
2015
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
MACIAS GINI & O'CONNELL LLP
Address
111 PACIFICA SUITE 300, IRVINE, CA 92618
Preparer
Bradford Hall
Phone
9499104255
Supplemental Narrative

Additional Explanations

Beginning Year Balances Restated

The beginning of the year balances have been restated due to restated audited financial statements for the tax year ended december 31, 2021. The return for 2021 will be amended.

Raw XML AppendixShowing 400 of 2,220 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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