Civic Intelligence

Inglewood Community Programs

990 • Fiscal year 2019 • EIN 84-2630102

Jul 26, 2019 to Sep 30, 2019 • Filed on Aug 14, 2020

151 south grand avenueLos Angeles, CA 90012

(213) 972-7300

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

43.20x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

14th percentile

-14%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$654,994

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 126.2% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$22,353,794

No earlier filing loaded for comparison.

Net Assets

-$71,206

No earlier filing loaded for comparison.

Liabilities

$22,425,000

No earlier filing loaded for comparison.

Revenue

$519,111

No earlier filing loaded for comparison.

Expenses

$590,317

No earlier filing loaded for comparison.

Net Income

-$71,206

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2019: $22,353,794Liabilities 2019: $22,425,000Net Assets 2019: -$71,2062019Assets 2020: $23,353,480Liabilities 2020: $23,252,237Net Assets 2020: $101,2432020Assets 2021: $25,740,049Liabilities 2021: $23,664,608Net Assets 2021: $2,075,4412021Assets 2022: $26,482,098Liabilities 2022: $22,517,191Net Assets 2022: $3,964,9072022Assets 2023: $26,360,047Liabilities 2023: $22,459,055Net Assets 2023: $3,900,9922023Assets 2024: $26,322,444Liabilities 2024: $22,481,063Net Assets 2024: $3,841,3812024

Highlighted filing

2019

Assets$22,353,794
Liabilities$22,425,000
Net Assets-$71,206

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $519,111Expenses 2019: $590,317Net Income 2019: -$71,2062019Revenue 2020: $448,027Expenses 2020: $275,578Net Income 2020: $172,4492020Revenue 2021: $2,113,600Expenses 2021: $139,402Net Income 2021: $1,974,1982021Revenue 2022: $2,781,832Expenses 2022: $892,366Net Income 2022: $1,889,4662022Revenue 2023: $835,250Expenses 2023: $899,165Net Income 2023: -$63,9152023Revenue 2024: $836,836Expenses 2024: $896,447Net Income 2024: -$59,6112024

Highlighted filing

2019

Revenue$519,111
Expenses$590,317
Net Income-$71,206
Jump To
Filing Snapshot
Filing Period
Jul 26, 2019 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.3
Gross Receipts
$519,111
Mission and Program Overview

Mission

To own and manage real estate assets that support the Youth Orchestra Los Angeles Program of the Los Angeles Philharmonic Association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$13,136,320▲ $13,136,320
Land, Buildings, and Equipment, Net$0$9,217,474▲ $9,217,474
Cash and Non-Interest-Bearing Accounts$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
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$0$22,353,794▲ $22,353,794
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$22,425,000▲ $22,425,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$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$0$22,425,000▲ $22,425,000
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$0$-71,206▼ $71,206
Total Net Assets Fund Balance$0$-71,206▼ $71,206
Total Liabilities and Net Assets / Fund Balance$0$22,353,794▲ $22,353,794

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,217,474-$9,217,474
Other Land Buildings$0-$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chad SmithDirector, Chair of the Board
Glenn BakerDirector
Reynolds CafferataDirector
Alison SowdenDirector, CFO
Mona PatelDirector, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$517,474
Program Service Revenue
$0
Investment Income
$1,637
Other Revenue
$0
Change in Net Assets
$-71,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$590,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$570,615$0$0$570,615
Interest$19,702$0$0$19,702
Total Functional Expenses$590,317$0$0$590,317
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
No
Audit committee
Yes
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
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 12C:

The organization adopted a written conflict of interest policy but did not send a conflict of interest questionnaire to the board of directors during its short-period inception year. The organization will monitor and enforce compliance with the policy going forward. Form 990, part vi, section b, line 13 & 14 the organization has not adopted a written whistleblower policy and a written document retention and destruction policy during its short-period inception year, but will plan to adopt and implement these policies in the future.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, information returns, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Inglewood Community Programs
EIN
84-2630102
In Care Of
% KAREN STURGES
Phone
2139727300
Address
151 south grand avenue, LOS ANGELES, CA 90012

Signing Officer

Name
Genevieve Dunaway
Title
treasurer
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Smith
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Grant Thornton LLP
Address
515 S Flower Street 7th Floor, Los Angeles, CA 90071
Preparer
Qi Wen Liang
Phone
2136271717
Supplemental Narrative

Additional Explanations

Short Period Return

INGLEWOOD COMMUNITY PROGRAMS IS FILING AN INITIAL, SHORT PERIOD RETURN FOR JULY 26, 2019 TO SEPTEMBER 30, 2019. PER GUIDANCE PROVIDED BY THE 990 INSTRUCTIONS, THE ORGANIZATION IS USING THE 2018 FORM 990 TO FILE THE SHORT PERIOD RETURN. FORM 990, PART VI, SECTION A, LINE 2: Chad Smith, Alison Sowden, and Mona Patel have a business relationship because they also serve as officers and employees of the Los Angeles Philharmonic Association, a related organization. Form 990, Part VI, Section A, Line 8b: THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES, THUS THERE IS NO DOCUMENTATION OF MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE ORGANIZATION'S FINANCE TEAM. THE FINAL DRAFT OF THE FORM IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.

Financial Statement Notes

Schedule D, Part X, Line 2

Fin 48 (asc 740) footnote icp's financial information is reported in the consolidated financial statements of the los angeles philharmonic association ("the association"). The following fin48 footnote is from the association's consolidated financial statements: the association recognizes the impact of tax positions in the consolidated financial statements if that position is more likely than not to be sustained on audit, based on the technical merits of the position. To date, the association has not recorded any uncertain tax positions. The association's policy is to recognize potential accrued interest and penalties related to uncertain tax positions in income tax expense, if any. During the years ended september 30, 2019 and 2018, the association performed an evaluation of uncertain tax positions and did not note any matters that would require recognition in the financial statements, or which may have an effect on its tax-exempt status.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHAD SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-71206
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0517474
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013136320
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0A MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS MUST BE COMPOSED OF INDIVIDUALS WHO ARE THEN-SERVING DIRECTORS, OFFICERS OR EMPLOYEES OF THE LOS ANGELES PHILHARMONIC ASSOCIATION, THE SUPPORTED ORGANIZATION, AS REFLECTED IN THE ORGANIZATION'S BYLAWS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, SECTION C, LINE 1
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0951696734
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LOS ANGELES PHILHARMONIC ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
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/BuildingsGrp/BookValueAmt09217474
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09217474
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE ICP'S FINANCIAL INFORMATION IS REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE LOS ANGELES PHILHARMONIC ASSOCIATION ("THE ASSOCIATION"). THE FOLLOWING FIN48 FOOTNOTE IS FROM THE ASSOCIATION'S CONSOLIDATED FINANCIAL STATEMENTS: THE ASSOCIATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ASSOCIATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION'S POLICY IS TO RECOGNIZE POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE, IF ANY. DURING THE YEARS ENDED SEPTEMBER 30, 2019 AND 2018, THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS, OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09217474
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10

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