Civic Intelligence

Venice Pride

990 • Fiscal year 2023 • EIN 81-3197298

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 16, 2024

55 N Venice Blvd Suite 502Los Angeles, CA 90291

(424) 330-7577

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$402,243

Flat from 2023

Net Assets

Flat

$112,589

Flat from 2023

Liabilities

Flat

$289,654

Flat from 2023

Revenue And Expenses

Revenue

Flat

$627,407

Flat from 2023

Expenses

Flat

$288,918

Flat from 2023

Net Income

Flat

$338,489

Flat from 2023

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 2023: $402,243Liabilities 2023: $289,654Net Assets 2023: $112,5892023Assets 2024: $771,988Liabilities 2024: $284,769Net Assets 2024: $487,2192024

Highlighted filing

2023

Assets$402,243
Liabilities$289,654
Net Assets$112,589

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 2023: $627,407Expenses 2023: $288,918Net Income 2023: $338,4892023Revenue 2024: $616,401Expenses 2024: $275,713Net Income 2024: $340,6882024

Highlighted filing

2023

Revenue$627,407
Expenses$288,918
Net Income$338,489
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 16, 2024
Return Version
2023v5.1
Gross Receipts
$627,407
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.

Venice Pride is a 501c3 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
Savings and Temporary Cash Investments$0$337,030▲ $337,030
Cash and Non-Interest-Bearing Accounts$56,268$65,213▲ $8,945
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$0→ $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$56,268$402,243▲ $345,975
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$272,800$289,654▲ $16,854
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$289,654▲ $16,854
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-216,532$112,589▲ $329,121
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-216,532$112,589▲ $329,121
Total Liabilities and Net Assets / Fund Balance$56,268$402,243▲ $345,975
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$40,810
Program Service Revenue
$118,209
Investment Income
$2,268
Other Revenue
$466,120
All Other Contributions
$40,810
Change in Net Assets
$338,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,418
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$119,109$5,394$0$124,503
Advertising$47,740$0$0$47,740
Fees for Services Other$0$0$0$35,253
Occupancy$0$20,791$0$20,791
Travel$2,241$5,353$0$7,594
Interest$0$7,501$0$7,501
Office Expenses$0$0$0$5,069
All Other Expenses$4,467$0$0$4,467
Other Expenses$2,780$0$0$2,780
Information Technology$0$2,293$0$2,293
Insurance$665$0$0$665
Grants to Domestic Orgs$500--$500
Total Functional Expenses$202,422$42,104$0$288,918
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

Part VI, 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.

Part VI, 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.

Part VI, 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 organizations governance.

Part VI, Line 8A

Venice Prides 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.

Part VI, 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.

Part VI, 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.

Part VI, Line 18

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

Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Venice Pride
EIN
81-3197298
In Care Of
% Grant Turck
Phone
4243307577
Address
55 N Venice Blvd Suite 502, Los Angeles, CA 90291

Signing Officer

Name
Grant Turck
Title
President
Signed
2024-11-16

Organization Details

Principal Officer
Grant Turck
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15
Supplemental Narrative

Additional Explanations

Part III, line 2

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

Part IX, Line 11G

DJs: $14,880; Consultants: $3,380; Dancers: $3,785; Photography: $3,600; Door Persons: $2,807; Production Assistants: $1,975; Performers: $1,960; Security: $1,536; Laser Technician: $1,000; Locksmith: $330.

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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/TotalAmt24070
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IRS990/PrincipalOfficerNm0Grant Turck
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IRS990/ProgramServiceRevenueGrp/Desc0Community Engagement income
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IRS990/ProgSrvcAccomActy2Grp/Desc0Venice Pride Community Engagement: Venice Pride continued hosting the monthly queer dance party Gaywatch at Baja Cantina. 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.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0132251
IRS990/ProgSrvcAccomActy3Grp/Desc0Venice Pride Historical Preservation: In 2022 Venice Pride initiated legal action following a breach of its licensing agreement for the Roosterfish trademark. The case was successfully resolved in 2023 resulting in a substantial legal settlement and securing the continued operation of Roosterfish in Venice and beyond. This effort reflects Venice Prides dedication to preserving LGBTQ community spaces and cultural heritage.

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