Civic Intelligence

The Barbara Sinatra Childrens Center Foundation

EIN 47-3315241 • 501(c)3 • Rancho Mirage, CA

Profile

The specific purpose of this corporation is to establish a foundation to receive donations of money and other things of value and to invest those funds and apply the income and so much of the principal as may be necessary from time to time to provide support to the barbara sinatra children's center at eisenhower, an affiliated california non-profit public benefit corporation.

39000 Bob Hope DriveRancho Mirage, CA 92270

www.bsccfoundation.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.13x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$858,869

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

473%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$29,001,465

Up $5,336,419 (+23%) from 2023

Liabilities

Up

$602,931

Up $93,991 (+18%) from 2023

Net Assets

Up

$28,398,534

Up $5,242,428 (+23%) from 2023

Revenue

Up

$4,733,179

Up $3,907,748 (+473%) from 2023

Expenses

Up

$2,849,068

Up $564,256 (+25%) from 2023

Net Income

Up

$1,884,111

Up $3,343,492 (+229%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $24,782,840Liabilities 2016: $10Net Assets 2016: $24,782,8302016Assets 2017: $25,288,510Liabilities 2017: $10Net Assets 2017: $25,288,5002017Assets 2018: $25,744,302Liabilities 2018: $222,378Net Assets 2018: $25,521,9242018Assets 2019: $26,945,540Liabilities 2019: $745,133Net Assets 2019: $26,200,4072019Assets 2020: $26,430,206Liabilities 2020: $874,521Net Assets 2020: $25,555,6852020Assets 2021: $28,986,237Liabilities 2021: $886,646Net Assets 2021: $28,099,5912021Assets 2022: $24,414,388Liabilities 2022: $856,555Net Assets 2022: $23,557,8332022Assets 2023: $23,665,046Liabilities 2023: $508,940Net Assets 2023: $23,156,1062023Assets 2024: $29,001,465Liabilities 2024: $602,931Net Assets 2024: $28,398,5342024

Highlighted filing

2024

Assets$29,001,465
Liabilities$602,931
Net Assets$28,398,534

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: -$509,350Expenses 2016: $10,521Net Income 2016: -$519,8712016Revenue 2017: $1,334,116Expenses 2017: $1,493,259Net Income 2017: -$159,1432017Revenue 2018: $591,838Expenses 2018: $1,564,547Net Income 2018: -$972,7092018Revenue 2019: $1,148,317Expenses 2019: $1,513,630Net Income 2019: -$365,3132019Revenue 2020: $1,126,729Expenses 2020: $2,011,888Net Income 2020: -$885,1592020Revenue 2021: $1,785,897Expenses 2021: $2,215,341Net Income 2021: -$429,4442021Revenue 2022: $1,252,973Expenses 2022: $2,362,252Net Income 2022: -$1,109,2792022Revenue 2023: $825,431Expenses 2023: $2,284,812Net Income 2023: -$1,459,3812023Revenue 2024: $4,733,179Expenses 2024: $2,849,068Net Income 2024: $1,884,1112024

Highlighted filing

2024

Revenue$4,733,179
Expenses$2,849,068
Net Income$1,884,111

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$8,558,764
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,033,140$26,833,228▲ $4,800,088
Savings and Temporary Cash Investments$142,483$650,129▲ $507,646
Pledges and Grants Receivable$0$220,333▲ $220,333
Prepaid Expenses and Deferred Charges$160,128$180,024▲ $19,896
Cash and Non-Interest-Bearing Accounts$675,157$123,632▼ $551,525
Investments Other Securities$59,464$79,685▲ $20,221
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$23,665,046$29,001,465▲ $5,336,419
Other Assets Total$594,674$914,434▲ $319,760
Liabilities
Other Liabilities$484,064$483,398▼ $666
Accounts Payable and Accrued Expenses$24,876$119,533▲ $94,657
Total Liabilities$508,940$602,931▲ $93,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,550,743$15,147,726▲ $596,983
Net Assets With Donor Restrictions$8,605,363$13,250,808▲ $4,645,445
Total Net Assets Fund Balance$23,156,106$28,398,534▲ $5,242,428
Total Liabilities and Net Assets / Fund Balance$23,665,046$29,001,465▲ $5,336,419

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$8,605,333-▲ $1,173,895$776,250$9,002,978
2023$8,222,119-▲ $1,015,214$632,000$8,605,333
2022$9,654,691-▼ $820,572$612,000$8,222,119
2021$8,700,379-▲ $1,562,312$608,000$9,654,691
2020$8,873,205-▲ $411,174$584,000$8,700,379
Compensation and Service Providers

Board Members and Trustees

NameTitle
Helene V GalenChairwoman
Harold GershowitzPresident
Robert O MarxVice Chair
Andrew GladsteinVice President
Arthur JacobsonVice President
Garry KiefVice President/ Treasurer
Harold B MatznerBoard Director
Jason AingeCorporate Secretary
Samantha Heckman EsqCorporate Secretary (partial Yr)
John ThoresenExecutive Officer
James L Reed JrFormer Officer
Angie GerberSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,750,745
Program Service Revenue
$0
Investment Income
$-17,566
Other Revenue
$0
All Other Contributions
$4,750,745
Change in Net Assets
$1,884,111

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art1$425,000Market value
Total Noncash Contributions1$425,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,201,551
Grants and Similar Amounts Paid$1,150,000
Total Fundraising Expense$502,914
Professional Fundraising Fees$497,517
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,150,000--$1,150,000
Fees for Services Other$1,011,608$17,774$0$1,029,382
Fees for Services Professional Fundraising--$497,517$497,517
Fees for Service Investment Mgmnt Fees$0$117,433$0$117,433
Fees for Services Accounting$0$31,875$0$31,875
Other Expenses$17,464$0$0$17,464
Travel$0$0$3,502$3,502
Office Expenses$0$0$1,895$1,895
Total Functional Expenses$2,179,072$167,082$502,914$2,849,068
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BARBARA SINATRA CHILDREN'S CENTERRancho Mirage, CA501(c)3Operations$1,150,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$497,517
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$483,398
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

Barbara sinatra childrens center is the sole corporate member.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The sole corporate member, barbara sinatra childrens center, has sole right of approval of the nominating committee candidate for directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The following actions may not be undertaken without the aproval of the members: an amendment to the articles of incorporation; an amendment to the corporations bylaws; a sale, lease, conveyance, exchange, transfer of other disposition of all, or substantially all of the corporation; an election to voluntarily wind up and dissolve the corporation.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Review of the 990 was performed by management prior to filing and presented to the governing board after filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Annually, related parties, including officers, directors, trustees and key employees are surveyed for transactions that could give rise to conflicts, written questionaires are reviewed by legal and finance to determine if additional questions or information should be documented regarding specific transactions. All new contracts are reviewed by executive management for conflict considerations, general counsel reviews all statements submitted by the board members who indicate a potential conflict, general counsel advises the ceo and chairman of the board of any material conflicts so that the individual can be recused from any discussion or deliberation pertaining to the conflict.

Form 990, Part VI, Line 19 Required documents available to the public

The barbara sinatra childrens center foundation releases its governing documents, conflict of interest policy, and financial statements to the general public upon request. That request may be either verbal or written.

Filing and Contact Details

Filer

Filer Name
The Barbara Sinatra Childrens Center Foundation
EIN
47-3315241
Phone
7603403911
Address
39000 BOB HOPE DRIVE, RANCHO MIRAGE, CA 92270

Signing Officer

Name
John Thoresen
Title
Executive Officer
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
18101 VON KARMAN AVENUE, IRVINE, CA 92612
Preparer
Kara Adams
Phone
9497942300
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 MISSION STATEMENT

The specific purpose of this corporation is to establish a foundation to receive donations of money and other things of value, to invest those funds, and to apply the income and so much of the principal as may be necessary from time to time to provide support to the barbara sinatra childrens center at eisenhower, an affiliated california non-profit public benefit corporation.

Form 990, Part III, Line 4A PROGRAM SERVICES

The corporation is a non-profit public benefit corporation organized under the california non-profit public benefit corporation law for public purposes. The exclusive and specific purpose of this corporation is to establish a foundation to receive donations of money and other things of value, to invest those funds and to apply the income and so much of the principal as may be necessary from time to time to provide support exclusively to the barbara sinatra childrens center at eisenhower, an affiliated california non-profit public benefit corporation.

Form 990, Part III, Line 1 MISSION STATEMENT

See form 990, part i, line 1.

Form 990, Part IX, Line 11G Other Fees

Professional svcs - marketing - Total Expense: 850126, Program Service Expense: 850126, Management and General Expenses: 0, Fundraising Expenses: 0; Professional IT svcs - web development - Total Expense: 1512, Program Service Expense: 1512, Management and General Expenses: 0, Fundraising Expenses: 0; Professional svcs - media production - Total Expense: 177744, Program Service Expense: 159970, Management and General Expenses: 17774, Fundraising Expenses: 0;

Form 990, Part X, Line 15 OTHER ASSETS

The BSCC Foundation as a global outreach has developed and produced a series of animated videos that are provided to individuals, schools, church groups, after-school programs and other free of charge via the internet to help teach children how to protect themselves from abuse. The videos are used throughout the United States and in 50 countries worldwide. These are included in other assets on the balance sheet, and amounts to $489,434. Also included on the Balance Sheet, in other assets, are Works of Art amounting to $425,000.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

transfer from restrictions - -30;

Financial Statement Notes

Schedule D, Part III, Line 4 Collections of art - description of collections

The Collections of Art received are part of the Capital Campaign launched in the current fiscal year. They are to be held by the Barbara Sinatra Children's Center Foundation for the Barbara Sinatra Children's Center and placed in the Center's building, upon finalization of Campaign, to help fulfill the Center's mission and purpose.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The barbara sinatra children's center foundation return objectives related to its endowments are to maintain or enhance the purchasing power of the endowment and to provide a predictable stream of funding for child abuse prevention and treatment program.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Asc 740, income taxes, clarifies the accounting for income taxes by prescribing a minimum recognition threshold that a tax position is required to meet before being recognized in the financial statements. Asc 740 also provides guidance on derecognition, measurement, classification, interest and penalties, disclosure, and transition. The guidance is applicable to pass through entities and tax-exempt organizations. No significant tax liability for tax benefits, interest, or penalties was accrued at june 30, 2024 or 2023.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Collections of Art received are part of the Capital Campaign launched in the current fiscal year. They are to be held by the Barbara Sinatra Children's Center Foundation for the Barbara Sinatra Children's Center and placed in the Center's building, upon finalization of Campaign, to help fulfill the Center's mission and purpose.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE BARBARA SINATRA CHILDREN'S CENTER FOUNDATION RETURN OBJECTIVES RELATED TO ITS ENDOWMENTS ARE TO MAINTAIN OR ENHANCE THE PURCHASING POWER OF THE ENDOWMENT AND TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR CHILD ABUSE PREVENTION AND TREATMENT PROGRAM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ASC 740, INCOME TAXES, CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE GUIDANCE IS APPLICABLE TO PASS THROUGH ENTITIES AND TAX-EXEMPT ORGANIZATIONS. NO SIGNIFICANT TAX LIABILITY FOR TAX BENEFITS, INTEREST, OR PENALTIES WAS ACCRUED AT JUNE 30, 2024 OR 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part III, Line 4 Collections of art - description of collections
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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