Civic Intelligence

LL Foundation for Youth

990 • Fiscal year 2020 • EIN 82-5249343

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

Organization ProfileN/A
PO Box 56629Sherman Oaks, CA 91413

(818) 783-8492

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$93,750

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

2.7%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$62,647,011

Up $6,726,847 (+12%) from 2019

Net Assets

Up

$62,647,011

Up $6,726,847 (+12%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin97th percentile

Revenue

Up

$3,764,357

Up $100,335 (+2.7%) from 2019

Expenses

Up

$624,816

Up $265,315 (+74%) from 2019

Net Income

Down

$3,139,541

Down $164,980 (-5.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$80M$60M$40M$20M$0Assets 2018: $49,799,276Liabilities 2018: $0Net Assets 2018: $49,799,2762018Assets 2019: $55,920,164Liabilities 2019: $0Net Assets 2019: $55,920,1642019Assets 2020: $62,647,011Liabilities 2020: $0Net Assets 2020: $62,647,0112020Assets 2021: $62,247,549Liabilities 2021: $0Net Assets 2021: $62,247,5492021Assets 2022: $50,248,987Liabilities 2022: $1,010,000Net Assets 2022: $49,238,9872022Assets 2023: $52,936,805Liabilities 2023: $362,377Net Assets 2023: $52,574,4282023Assets 2024: $52,850,472Liabilities 2024: $255,056Net Assets 2024: $52,595,4162024

Highlighted filing

2020

Assets$62,647,011
Liabilities$0
Net Assets$62,647,011
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

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

$60M$40M$20M$0-$20MRevenue 2018: $49,655,425Expenses 2018: $1,500Net Income 2018: $49,653,9252018Revenue 2019: $3,664,022Expenses 2019: $359,501Net Income 2019: $3,304,5212019Revenue 2020: $3,764,357Expenses 2020: $624,816Net Income 2020: $3,139,5412020Revenue 2021: $3,593,252Expenses 2021: $4,270,413Net Income 2021: -$677,1612021Revenue 2022: $711,686Expenses 2022: $4,927,959Net Income 2022: -$4,216,2732022Revenue 2023: $1,137,259Expenses 2023: $2,536,947Net Income 2023: -$1,399,6882023Revenue 2024: $1,974,722Expenses 2024: $3,755,636Net Income 2024: -$1,780,9142024

Highlighted filing

2020

Revenue$3,764,357
Expenses$624,816
Net Income$3,139,541
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.1
Gross Receipts
$22,424,764
Mission and Program Overview

Mission

The foundation was established for multiple public, educational and charitable purposes, including providing ongoing financial support for a variety of established nonprofit, tax-exempt public, charitable and educational organizations. The foundation will emphasize and award grants to charities that provide or promote education, medicine, science, childcare or the promotion of health and well-being of persons primarily under the age of 26. The foundation may also provide a limited number of scholarships to the children of low income families who lack the financial means to pay for their education, to enable them to attend a private primary or secondary school, or receive a higher education at a college, university or trade school of their choice.

The foundation will award grants to charities that promote education, medicine, science and childcare for health and well being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$52,014,207$59,769,185▲ $7,754,978
Savings and Temporary Cash Investments$3,765,957$2,877,826▼ $888,131
Accounts Receivable$140,000--
Total Assets$55,920,164$62,647,011▲ $6,726,847
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$55,920,164$62,647,011▲ $6,726,847
Total Net Assets Fund Balance$55,920,164$62,647,011▲ $6,726,847
Total Liabilities and Net Assets / Fund Balance$55,920,164$62,647,011▲ $6,726,847
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Renate S HochleitnerPresidentPT$93,750$93,750

Board Members and Trustees

NameTitle
Dianne SatterleeDirector
Meredith FlanaghanDirector
Tamar EkizianDirector
Sarina KayeChief Financial Officer
Charanjiv K SidhuSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$524,082
Program Service Revenue
$0
Investment Income
$3,240,275
Other Revenue
$0
All Other Contributions
$524,082
Change in Net Assets
$3,139,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,340,951
Revenue Not Reported on Financial Statements
$423,406
Revenue Not Reported on Form 990
$3,587,306
Total Revenue per Audited Statements
$6,928,257
Total Revenue per Form 990
$3,764,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,649
Salaries, Compensation, and Employee Benefits$101,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$423,406-$423,406
Current Officers, Directors, Trustees, and Key Employees-$93,750-$93,750
Fees for Services Other-$65,312-$65,312
Insurance-$17,985-$17,985
Other Expenses-$12,886-$12,886
Payroll Taxes-$7,417-$7,417
Fees for Services Legal-$2,560-$2,560
Fees for Services Accounting-$1,500-$1,500
Total Functional Expenses$0$624,816$0$624,816

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$624,816
Expenses Not Reported on Financial Statements$423,406
Expenses per Audited Statements$201,410
Total Expenses per Audited Statements$201,410
Expenses Not Reported on Form 990$0
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
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
Yes
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 president of the foundation reviews the form 990 and circulates a draft copy of the forms to the board of directors. After approximately one week, the president convenes a brief telephonic meeting of the board members to review and approve the filing of the tax returns.”

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

“Periodic reviews will be conducted to monitor whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. Periodic reviews will also be conducted to verify whether partnerships, joint ventures, and arrangements with management organizations conform to the foundation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

Form 990, Part VI, Section B, Line 15A

“The foundation hired an outside consultant to advise the board on a reasonable compensation for the executive director, renate s. Hochleitner.”

Form 990, Part VI, Section C, Line 19

“Copies of form 1023 and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ll Foundation for Youth
EIN
82-5249343
Phone
8187838492
Address
PO BOX 56629, SHERMAN OAKS, CA 91413

Signing Officer

Name
Renate S Hochleitner
Title
President and Director
Phone
8187838492
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renate S Hochleitner
Formed
2018
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
1
Volunteers
0

Preparer

Firm
Gursey Schneider Llp
Address
1888 CENTURY PARK E 900, LOS ANGELES, CA 90067
Preparer
Naz Afshar
Phone
3105520960
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Computer and it: program service expenses 0. Management and general expenses 5,745. Fundraising expenses 0. Total expenses 5,745. Professional services: program service expenses 0. Management and general expenses 59,567. Fundraising expenses 0. Total expenses 59,567.”

Form 990, Part XII, Line 2C

“The organization has a committee that assumes responsibility for oversight of the audit, review of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with financial accounting standards board ("fasb") accounting standards codification ("asc") topic no. 740, "income taxes," the organization recognizes the impact of tax positions in the financial statements if those positions will more likely than not be sustained on audit, based on the technical merits of the position. The organization is exempt from income taxes and accordingly, no provision has been made for federal and state income taxes.”

Raw XML Appendix343 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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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE FOUNDATION REVIEWS THE FORM 990 AND CIRCULATES A DRAFT COPY OF THE FORMS TO THE BOARD OF DIRECTORS. AFTER APPROXIMATELY ONE WEEK, THE PRESIDENT CONVENES A BRIEF TELEPHONIC MEETING OF THE BOARD MEMBERS TO REVIEW AND APPROVE THE FILING OF THE TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC REVIEWS WILL BE CONDUCTED TO MONITOR WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARMS LENGTH BARGAINING. PERIODIC REVIEWS WILL ALSO BE CONDUCTED TO VERIFY WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE FOUNDATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HIRED AN OUTSIDE CONSULTANT TO ADVISE THE BOARD ON A REASONABLE COMPENSATION FOR THE EXECUTIVE DIRECTOR, RENATE S. HOCHLEITNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPUTER AND IT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,745. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,745. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 59,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,567.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt055920164
IRS990/TotalAssetsEOYAmt062647011
IRS990/TotalAssetsGrp/BOYAmt055920164
IRS990/TotalAssetsGrp/EOYAmt062647011
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0524082
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0624816
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0624816
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt055920164
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062647011
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt093750
IRS990/TotalRevenueGrp/ExclusionAmt03240275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03764357
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055920164
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062647011
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 56629
IRS990/USAddress/CityNm0SHERMAN OAKS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091413
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RENATE S HOCHLEITNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08187838492
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LL FOUNDATION FOR YOUTH
ReturnHeader/Filer/BusinessNameControlTxt0LLFO
ReturnHeader/Filer/EIN0825249343
ReturnHeader/Filer/PhoneNum08187838492
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 56629
ReturnHeader/Filer/USAddress/CityNm0SHERMAN OAKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091413
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953309779
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GURSEY SCHNEIDER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01888 CENTURY PARK E 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090067
ReturnHeader/PreparerPersonGrp/PhoneNum03105520960
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NAZ AFSHAR
ReturnHeader/ReturnTs02021-08-20T20:04:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RENATE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOCHLEITNER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,647,011
Liabilities
$0
Net assets
$62,647,011
Revenue
$3,764,357
Expenses
$624,816
Net income
$3,139,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$52.9$0.26$52.6$1.97$3.76$1.78
2023Detailed filing. Detailed filing data is available for this year.$52.9$0.36$52.6$1.14$2.54$1.40
2022Detailed filing. Detailed filing data is available for this year.$50.2$1.01$49.2$0.71$4.93$4.22
2021Detailed filing. Detailed filing data is available for this year.$62.2$0.00$62.2$3.59$4.27$0.68
2020Detailed filing. Detailed filing data is available for this year.$62.6$0.00$62.6$3.76$0.62$3.14
2019Detailed filing. Detailed filing data is available for this year.$55.9$0.00$55.9$3.66$0.36$3.30
2018Detailed filing. Detailed filing data is available for this year.$49.8$0.00$49.8$49.7$0.00$49.7