Civic Intelligence

Pico Union Project Inc.

990 • Fiscal year 2021 • EIN 81-2010806

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 15, 2022

1153 Valencia StLos Angeles, CA 90015

(818) 760-1077

Siviq Scores

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

Liabilities / Assets

48th percentile

0.02x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

48th percentile

11%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$40,019

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

68th percentile

22%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-1.2%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$561,411

Up $103,083 (+22%) from 2020

Net Assets

Up

$550,767

Up $98,686 (+22%) from 2020

Liabilities

Up

$10,644

Up $4,397 (+70%) from 2020

Revenue

Down

$741,388

Down $9,152 (-1.2%) from 2020

Expenses

Up

$657,688

Up $94,928 (+17%) from 2020

Net Income

Down

$83,700

Down $104,080 (-55%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $154,358Liabilities 2016: $353Net Assets 2016: $154,0052016Assets 2017: $177,567Liabilities 2017: $3,801Net Assets 2017: $173,7662017Assets 2018: $214,735Liabilities 2018: $0Net Assets 2018: $214,7352018Assets 2019: $322,490Liabilities 2019: $33,764Net Assets 2019: $288,7262019Assets 2020: $458,328Liabilities 2020: $6,247Net Assets 2020: $452,0812020Assets 2021: $561,411Liabilities 2021: $10,644Net Assets 2021: $550,7672021Assets 2022: $438,114Liabilities 2022: $6,373Net Assets 2022: $431,7412022Assets 2023: $406,141Liabilities 2023: $6,782Net Assets 2023: $399,3592023Assets 2024: $534,166Liabilities 2024: $9,499Net Assets 2024: $524,6672024

Highlighted filing

2021

Assets$561,411
Liabilities$10,644
Net Assets$550,767

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $407,098Expenses 2016: $253,093Net Income 2016: $154,0052016Revenue 2017: $568,763Expenses 2017: $549,002Net Income 2017: $19,7612017Revenue 2018: $507,375Expenses 2018: $466,406Net Income 2018: $40,9692018Revenue 2019: $535,424Expenses 2019: $485,858Net Income 2019: $49,5662019Revenue 2020: $750,540Expenses 2020: $562,760Net Income 2020: $187,7802020Revenue 2021: $741,388Expenses 2021: $657,688Net Income 2021: $83,7002021Revenue 2022: $709,225Expenses 2022: $832,129Net Income 2022: -$122,9042022Revenue 2023: $719,410Expenses 2023: $746,460Net Income 2023: -$27,0502023Revenue 2024: $1,048,535Expenses 2024: $941,885Net Income 2024: $106,6502024

Highlighted filing

2021

Revenue$741,388
Expenses$657,688
Net Income$83,700
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 15, 2022
Return Version
2021v4.0
Gross Receipts
$741,388
Mission and Program Overview

Mission

The Organization views its mission as dedicated to the Jewish principle to love your neighbor as yourself. The Company elevates this teaching into practice in an historic building by bringing diverse cultures together through song, story, art, food, and prayer.

The Organization is dedicated to helping reinvigorate the Pico Union community of Los Angeles by offering space for religious worship by all faiths, performing arts, and community activities. These activities are intended to reduce neighborhood tensions and combat prejudice and discrimination by promoting interfaith dialogue and community amongst the diverse ethnic and religious groups of Los Angeles. The Company will provide a facility for these services by leasing and operating the oldest synagogue in Los Angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$452,081$550,767▲ $98,686
Land, Buildings, and Equipment, Net$259,954$278,225▲ $18,271
Cash and Non-Interest-Bearing Accounts$183,874$252,436▲ $68,562
Accounts Receivable-$14,985-
Prepaid Expenses and Deferred Charges-$220-
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-
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$458,328$561,411▲ $103,083
Other Assets Total$14,500$15,545▲ $1,045
Liabilities
Other Liabilities$6,247$10,644▲ $4,397
Total Liabilities$6,247$10,644▲ $4,397
Net Assets / Fund Balance
Total Net Assets Fund Balance$452,081$550,767▲ $98,686
Total Liabilities and Net Assets / Fund Balance$458,328$561,411▲ $103,083

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$276,565$24,913$301,478
Equipment$840$6,354$7,194
Other Land Buildings$820$2,856$3,676
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Craig TaubmanPresidentFT$40,019$40,019
Louise TaubmanTreasurerPT$25,425$25,425

Board Members and Trustees

NameTitle
Vicki NussbaumBoard Director
Richard FoosBoard Member
Laura OzerDirector
Stuart K RobinsonDirector
Dan WolfSecretary
Yechiel HoffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$630,039
Program Service Revenue
$111,349
Investment Income
$0
Other Revenue
$0
All Other Contributions
$549,059
Change in Net Assets
$83,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$520,783
Salaries, Compensation, and Employee Benefits$136,905
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$92,700$10,300-$103,000
Current Officers, Directors, Trustees, and Key Employees$39,267$26,177-$65,444
Other Salaries and Wages$36,001$24,001-$60,002
Insurance$12,451$43,128-$55,579
All Other Expenses$32,135$13,906-$46,041
Fees for Services Other$15,640--$15,640
Office Expenses-$12,149-$12,149
Fees for Services Accounting$10,629$1,181-$11,810
Payroll Taxes$6,875$4,584-$11,459
Other Expenses$10,306$1,145-$11,451
Depreciation Depletion$7,512$835-$8,347
Total Functional Expenses$502,753$154,935$0$657,688
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
CC Accounts$9,443
Payroll Liabilities$1,201
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
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 11B: Form 990 Review Process

Form 990 is reviewed by the president prior to submission.

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

Every time there is a policy or fiduciary issue at hand, such as approving the budget, making major programming decisions, we review for potential conflicts with the decision makers.

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

Copies of documents are provided upon a written request submitted to the President. A written request is also required for inspection of documents at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Pico Union Project Inc
EIN
81-2010806
Phone
8187601077
Address
1153 Valencia St, Los Angeles, CA 90015

Signing Officer

Name
Craig Taubman
Title
President
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Taubman
Formed
2016
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
160

Preparer

Firm
Foumberg Juneja Rocher & Co Pc
Address
10220 RIVERSIDE DR SUITE B, TOLUCA LAKE, CA 91602
Preparer
Ranell V Facon
Phone
3235569200
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Ending accounts receivable = $14986

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0220
IRS990/PrincipalOfficerNm0Craig Taubman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111349
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0605107
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0470126
IRS990/PYProgramServiceRevenueAmt0145433
IRS990/PYRevenuesLessExpensesAmt0187780
IRS990/PYSalariesCompEmpBnftPaidAmt092634
IRS990/PYTotalExpensesAmt0562760
IRS990/PYTotalRevenueAmt0750540
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt083700
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0111349
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0452081
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0550767
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt081555
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt081555
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0645024
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0586107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0261326
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0203738
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0382955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02079150
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96080
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01997595
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt081555
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt081555
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0645024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0586107
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0261326
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0203738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0382955
IRS990ScheduleA/Total509Grp/TotalAmt02079150
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0645024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0586107
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0261326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0203738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0382955
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02079150
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/EquipmentGrp/BookValueAmt0840
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06354
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07194
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0276565
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024913
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0301478
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0820
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02856
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03676
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09443
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CC Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0278225
IRS990ScheduleD/TotalLiabilityAmt010644
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0CRAIG & CO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FIXTURES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt014499
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CONTROLLED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY TIME THERE IS A POLICY OR FIDUCIARY ISSUE AT HAND, SUCH AS APPROVING THE BUDGET, MAKING MAJOR PROGRAMMING DECISIONS, WE REVIEW FOR POTENTIAL CONFLICTS WITH THE DECISION MAKERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies of documents are provided upon a written request submitted to the President. A written request is also required for inspection of documents at the office of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENDING ACCOUNTS RECEIVABLE = $14986
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0458328
IRS990/TotalAssetsEOYAmt0561411
IRS990/TotalAssetsGrp/BOYAmt0458328
IRS990/TotalAssetsGrp/EOYAmt0561411
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0630039
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0154935
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0502753
IRS990/TotalFunctionalExpensesGrp/TotalAmt0657688

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