Civic Intelligence

Venice Pride

990 • Fiscal year 2022 • EIN 81-3197298

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 12, 2023

55 N Venice Blvd Suite 502Los Angeles, CA 90291

(424) 330-7577

Siviq Scores

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

Liabilities / Assets

98th percentile

4.85x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

1.09x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

6th percentile

-96%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

142%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

234%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$56,268

Up $32,997 (+142%) from 2021

Net Assets

Up

-$216,532

Up $32,997 (+13%) from 2021

Liabilities

Flat

$272,800

Flat from 2021

Revenue

Up

$249,827

Up $174,924 (+234%) from 2021

Expenses

Up

$490,113

Up $414,585 (+549%) from 2021

Net Income

Down

-$240,286

Down $239,661 (-38346%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2017: $2,507Liabilities 2017: $0Net Assets 2017: $2,5072017Assets 2018: $14,046Liabilities 2018: $0Net Assets 2018: $14,0462018Assets 2019: $13,184Liabilities 2019: $0Net Assets 2019: $13,1842019Assets 2020: $22,943Liabilities 2020: $0Net Assets 2020: $22,9432020Assets 2021: $23,271Liabilities 2021: $272,800Net Assets 2021: -$249,5292021Assets 2022: $56,268Liabilities 2022: $272,800Net Assets 2022: -$216,5322022Assets 2023: $402,243Liabilities 2023: $289,654Net Assets 2023: $112,5892023Assets 2024: $771,988Liabilities 2024: $284,769Net Assets 2024: $487,2192024

Highlighted filing

2022

Assets$56,268
Liabilities$272,800
Net Assets-$216,532

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $68,868Expenses 2017: $66,366Net Income 2017: $2,5022017Revenue 2018: $120,149Expenses 2018: $108,610Net Income 2018: $11,5392018Revenue 2019: $141,816Expenses 2019: $142,678Net Income 2019: -$8622019Revenue 2020: $36,000Expenses 2020: $27,495Net Income 2020: $8,5052020Revenue 2021: $74,903Expenses 2021: $75,528Net Income 2021: -$6252021Revenue 2022: $249,827Expenses 2022: $490,113Net Income 2022: -$240,2862022Revenue 2023: $627,407Expenses 2023: $288,918Net Income 2023: $338,4892023Revenue 2024: $616,401Expenses 2024: $275,713Net Income 2024: $340,6882024

Highlighted filing

2022

Revenue$249,827
Expenses$490,113
Net Income-$240,286
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 12, 2023
Return Version
2022v5.0
Gross Receipts
$249,827
Mission and Program Overview

Mission

Venice Pride is a 501(c)(3) non-profit organization with a mission to strengthen and empower the LGBTQ+ community in Los Angeles through education, public art, events and partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,271$56,268▲ $32,997
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$23,271$56,268▲ $32,997
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$272,800$272,800→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$272,800$272,800→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-249,529$-216,532▲ $32,997
Total Net Assets Fund Balance$-249,529$-216,532▲ $32,997
Total Liabilities and Net Assets / Fund Balance$23,271$56,268▲ $32,997
Compensation and Service Providers

Board Members and Trustees

NameTitle
Grant TurckPresident & Director
Sergio PerezSecretary & Director
Richard TobinTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$55,851
Program Service Revenue
$193,976
Investment Income
$0
Other Revenue
$0
All Other Contributions
$55,851
Change in Net Assets
$-240,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,363
Grants and Similar Amounts Paid$750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$138,048$2,633$0$140,681
Fees for Services Legal$0$95,546$0$95,546
Advertising$38,115$5,665$0$43,780
Other Expenses$9,373$215$0$9,588
Interest$0$7,500$0$7,500
All Other Expenses$433$6,461$0$6,894
Office Expenses$282$5,739$0$6,021
Insurance$5,380$0$0$5,380
Travel$2,410$2,376$0$4,786
Information Technology$0$1,189$0$1,189
Grants to Domestic Orgs$750--$750
Total Functional Expenses$321,569$168,544$0$490,113
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Venice Pride has a single primary class of members with voting rights, including the Initial Incorporator and others admitted by majority vote. The Board may also designate additional honorary or contributing members without voting rights. Regular, annual, and special meetings are held with specific quorum and voting procedures, and members can be expelled under certain conditions.

Form 990, Part VI, Section A, Line 7A

The members have significant governance roles, as they elect the Board of Directors at the annual meeting. Members exercise their voting rights in person, by ballot, by mail, or by proxy. In addition to electing the Board, members participate in regular, annual, and special meetings. There may also be non-voting honorary or contributing members as determined by the Board, but these individuals do not have decision-making power.

Form 990, Part VI, Section A, Line 7B

In Venice Pride, key governance decisions are shared between the members and the Board of Directors. Members are responsible for electing the Board and determining its size. They also participate in decision-making through their voting rights in various meetings. This setup gives members a significant role in guiding the organization's governance.

Form 990, Part VI, Section A, Line 8B

Venice Pride's committees must receive board approval on all financial matters and when acting on behalf of the organization. Minutes are only taken for the board meetings not for the committee meetings.

Form 990, Part VI, Section B, Line 11B

The Board of Directors delegates responsibility for the Form 990 to the President. A Form 990 draft is prepared and the finalized Form 990 is distributed to the Board of Directors prior to filing.

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

The Board of Directors has adopted a Conflict of Interest policy and requires all Directors and Officers to disclose any conflicts, or potential conflicts, as they arise.

Form 990, Part VI, Section C, Line 18

Documents are available on the organizations website: venicepride.org, Guidestar and on request.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Venice Pride
EIN
81-3197298
Phone
4243307577
Address
55 N Venice Blvd Suite 502, Los Angeles, CA 90291

Signing Officer

Name
Grant Turck
Title
President
Phone
3104635643
Signed
2023-11-12

Organization Details

Principal Officer
Grant Turck
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Yes, Venice Pride did undertake significant program services in 2022 that were not listed on the prior year's Form 990-EZ. A detailed description of these events can be found below on Form 990, Part III, line 4.

Form 990, Part IX, Line 11G

Laser Artist: 30,000; DJs: 23,033; Event Security: 21,927; Performers: 11,631; Astroturf Installer: 9,580; Event Coordinator: 5,170; Medics: 4,976; Promoters: 4,522; Steeplejack: 3,880; Videographer: 3,568; Dancers: 3,096; Janitorial Services: 2,652; Photographers: 2,500; Catering: 2,000; Pool Installer: 1,800; Lifeguards: 1,750; Graphic Designers: 1,690; Entertainment Coordinator: 1,500; Event Assistant: 1,473; Prop Design: 1,300;

Form 990, Part XI, Line 8

$268,048 represents a computational error from the previous year, the total amount in the bank at the end of 2021 was $291,319, not $23,271, hence the difference of $268,048.

Form 990, Part XI, Line 9

Refunds

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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/NoDonorRestrictionNetAssetsGrp/BOYAmt0-249529
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-216532
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05739
IRS990/OfficeExpensesGrp/ProgramServicesAmt0282
IRS990/OfficeExpensesGrp/TotalAmt06021
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IRS990/OtherChangesInNetAssetsAmt05235
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IRS990/OtherExpensesGrp/Desc2Facility Rental
IRS990/OtherExpensesGrp/Desc3Supplies & Materials
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3215
IRS990/OtherExpensesGrp/ProgramServicesAmt0102664
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt224114
IRS990/OtherExpensesGrp/ProgramServicesAmt39373
IRS990/OtherExpensesGrp/TotalAmt0102664
IRS990/OtherExpensesGrp/TotalAmt141220
IRS990/OtherExpensesGrp/TotalAmt224114
IRS990/OtherExpensesGrp/TotalAmt39588
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IRS990/ProgramServiceRevenueGrp/Desc0Festival & Parade income
IRS990/ProgramServiceRevenueGrp/Desc1Community Engagement income
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1113422
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1113422
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IRS990/ProgSrvcAccomActy2Grp/Desc0Venice Pride Engagement: Venice Pride consistently hosted the monthly queer dance party, Gaywatch, at diverse venues across Venice Beach. This vibrant event has seen an upward trajectory in popularity, regularly attracting over 300 LGBTQ+ community members each month. It serves as a dynamic platform for dancing, socializing, and strengthening community bonds within the LGBTQ+ population.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt058802
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0113422
IRS990/ProgSrvcAccomActy3Grp/Desc0Global Rainbow Laser Installation and Viewing Party: Venice Pride hosted the L.A. premiere of Yvette Mattern's Global Rainbow laser installation on June 3, an event that garnered significant media attention. Held at Hotel Erwin's High Rooftop Lounge, this event included a VIP experience with cocktails and a meet-and-greet with the artist. Notably, the unveiling of the laser display was broadcast live on digital channels by NBC4 and Telemundo 52, with live reporting from the event. The gathering benefited Project Contrast and Venice Pride, highlighting the organization's impact and outreach within the community. The laser installation was visible for three nights from sundown until 3 AM from Venice Beach up the coast to the Pacific Palisades.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0750
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt075028
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IRS990/PYProgramServiceRevenueAmt038747
IRS990/PYRevenuesLessExpensesAmt0-625
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt075528
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt074903
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IRS990/ReconcilationRevenueExpnssAmt0-240286

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