Civic Intelligence

Destination Crenshaw Support Foundation

990 • Fiscal year 2022 • EIN 87-3977688

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 05, 2024

Organization ProfileDESTINATIONCRENSHAW.LA
5444 Crenshaw Blvd 100Los Angeles, CA 90043-2408

(323) 678-4917

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.00x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

52nd percentile

1.0%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$21,522,835

Up $213,059 (+1.0%) from 2021

Net Assets

Up

$21,522,835

Up $213,059 (+1.0%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin99th percentile

Revenue

Down

$213,080

Down $21,096,696 (-99%) from 2021

Expenses

Up

$21

Up $21 from 2021

Net Income

Down

$213,059

Down $21,096,717 (-99%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$30M$20M$10M$0Assets 2021: $21,309,776Liabilities 2021: $0Net Assets 2021: $21,309,7762021Assets 2022: $21,522,835Liabilities 2022: $0Net Assets 2022: $21,522,8352022Assets 2023: $21,735,887Liabilities 2023: $0Net Assets 2023: $21,735,8872023Assets 2024: $21,370,387Liabilities 2024: $0Net Assets 2024: $21,370,3872024

Highlighted filing

2022

Assets$21,522,835
Liabilities$0
Net Assets$21,522,835
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$30M$20M$10M$0-$10MRevenue 2021: $21,309,776Expenses 2021: $0Net Income 2021: $21,309,7762021Revenue 2022: $213,080Expenses 2022: $21Net Income 2022: $213,0592022Revenue 2023: $213,080Expenses 2023: $28Net Income 2023: $213,0522023Revenue 2024: $213,017Expenses 2024: $578,517Net Income 2024: -$365,5002024

Highlighted filing

2022

Revenue$213,080
Expenses$21
Net Income$213,059
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 5, 2024
Return Version
2022v5.0
Gross Receipts
$213,080
Mission and Program Overview

Mission

The specific purpose of this corporation is to operate exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of, certain charitable organizations the primary purpose of which is to improve quality of life and revitalize the economy in south los angeles through arts and culture, and which are organized and operated exclusively for charitable purposes with the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"), and section 23701d of the california revenue and taxation code.

To improve quality of life and revitalize the economy in south los angeles through arts and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,776$161,565▲ $159,789
Accounts Receivable-$53,270-
Total Assets$21,309,776$21,522,835▲ $213,059
Other Assets Total$21,308,000$21,308,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,309,776$21,522,835▲ $213,059
Total Net Assets Fund Balance$21,309,776$21,522,835▲ $213,059
Total Liabilities and Net Assets / Fund Balance$21,309,776$21,522,835▲ $213,059

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$21,308,000--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Jason FosterChairperson/president
Berlinda Fontenot-jamersonBoard Member
James BurksBoard Member
Deborah BryantSecretary
David HyunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$213,080
Other Revenue
$0
Change in Net Assets
$213,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21
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
Other Expenses-$21-$21
Total Functional Expenses$0$21$0$21
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
Audit committee
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
No
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 11B

“Form 990 is sent to the board of directors for review and approval before it is filed.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Destination Crenshaw Support Foundation
EIN
87-3977688
Phone
3236784917
Address
5444 CRENSHAW BLVD 100, LOS ANGELES, CA 90043-2408

Signing Officer

Name
Jason Foster
Title
Chairperson/president
Phone
3236784917
Signed
2024-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Foster
Formed
2021
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Gyl Llp
Address
4120 CONCOURS SUITE 100, ONTARIO, CA 91764
Preparer
Joseph Romero CPA
Phone
9099489990
Supplemental Narrative

Additional Explanations

990 Item B

“The organization was incorporated on december 02, 2021. In order to receive the new market tax credit, the organization was set-up as a support organization. The management thought that all the filings were handled by the legal team and the cpa firm handling the incorporation filings such as form 1023; setup with california secetary of state; and filing of form 990. However, it has recently came to management's attention that the 2021 tax return was not filed and form 990-ez was filed for 2022 instead of form 990. As soon as management became aware of the situation, they immediately engaged a new cpa firm to handle all the filings. Hence, the organization has filed the 2023 extension and will timely file their 2023 return by november 15, 2023. The organization is in the process of filing the 2021 form 990 and amended 2022 form 990 to ensure proper compliance. Form 990 for the year ended december 31, 2022 is being amended to file as a form 990 as the form's filing threshold was met. Due to the miscommunications stated above, the following changes to part x, balance sheet were made to the originally filed amounts: line 4 - accounts receivable - $53,270 was added for accrued interest due on the notes receivable balance. Line 15 - other assets -- $21,308,000 was added to reflect the "nmtc notes receivable" therefore, the organization's net assets increased from $161,565 (as orignially filed on form 990-ez) to $21,522,835 (as amended per form 990).”

Financial Statement Notes

PART X, LINE 2:

“Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state exempt organization returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by federal and state taxing authorities, generally for four years after they are filed.”

Raw XML Appendix302 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/EOYAmt053270
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO IMPROVE QUALITY OF LIFE AND REVITALIZE THE ECONOMY IN SOUTH LOS ANGELES THROUGH ARTS AND CULTURE.
IRS990/AmendedReturnInd0X
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DESTINATION CRENSHAW SUPPORT FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum03236784917
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05444 CRENSHAW BLVD 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0900432408
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01776
IRS990/CashNonInterestBearingGrp/EOYAmt0161565
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0213080
IRS990/CYOtherExpensesAmt021
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0213059
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt021
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0213080
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CREATE AND INSTALL A 1.1 MILE LONG OPEN-AIR STREET MUSEUM ALONG CRENSHAW BLVD. FROM 48TH TO 60TH STREET.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm1DEBORAH BRYANT
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID HYUN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES BURKS
IRS990/Form990PartVIISectionAGrp/PersonNm4BERLINDA FONTENOT-JAMERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0213080
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0213080
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0213080
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO IMPROVE QUALITY OF LIFE AND REVITALIZE THE ECONOMY IN SOUTH LOS ANGELES THROUGH ARTS AND CULTURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt021309776
IRS990/NetAssetsOrFundBalancesEOYAmt021522835
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt021309776
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt021522835
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021308000
IRS990/OtherAssetsTotalGrp/EOYAmt021308000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021
IRS990/OtherExpensesGrp/TotalAmt021
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JASON FOSTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt021308000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt01776
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt021309776
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021309776
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0213059
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0823003629
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DESTINATION CRENSHAW
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021308000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NMTC NOTES RECEIVABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021308000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS INCORPORATED ON DECEMBER 02, 2021. IN ORDER TO RECEIVE THE NEW MARKET TAX CREDIT, THE ORGANIZATION WAS SET-UP AS A SUPPORT ORGANIZATION. THE MANAGEMENT THOUGHT THAT ALL THE FILINGS WERE HANDLED BY THE LEGAL TEAM AND THE CPA FIRM HANDLING THE INCORPORATION FILINGS SUCH AS FORM 1023; SETUP WITH CALIFORNIA SECETARY OF STATE; AND FILING OF FORM 990. HOWEVER, IT HAS RECENTLY CAME TO MANAGEMENT'S ATTENTION THAT THE 2021 TAX RETURN WAS NOT FILED AND FORM 990-EZ WAS FILED FOR 2022 INSTEAD OF FORM 990. AS SOON AS MANAGEMENT BECAME AWARE OF THE SITUATION, THEY IMMEDIATELY ENGAGED A NEW CPA FIRM TO HANDLE ALL THE FILINGS. HENCE, THE ORGANIZATION HAS FILED THE 2023 EXTENSION AND WILL TIMELY FILE THEIR 2023 RETURN BY NOVEMBER 15, 2023. THE ORGANIZATION IS IN THE PROCESS OF FILING THE 2021 FORM 990 AND AMENDED 2022 FORM 990 TO ENSURE PROPER COMPLIANCE. FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2022 IS BEING AMENDED TO FILE AS A FORM 990 AS THE FORM'S FILING THRESHOLD WAS MET. DUE TO THE MISCOMMUNICATIONS STATED ABOVE, THE FOLLOWING CHANGES TO PART X, BALANCE SHEET WERE MADE TO THE ORIGINALLY FILED AMOUNTS: LINE 4 - ACCOUNTS RECEIVABLE - $53,270 WAS ADDED FOR ACCRUED INTEREST DUE ON THE NOTES RECEIVABLE BALANCE. LINE 15 - OTHER ASSETS -- $21,308,000 WAS ADDED TO REFLECT THE "NMTC NOTES RECEIVABLE" THEREFORE, THE ORGANIZATION'S NET ASSETS INCREASED FROM $161,565 (AS ORIGNIALLY FILED ON FORM 990-EZ) TO $21,522,835 (AS AMENDED PER FORM 990).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021309776
IRS990/TotalAssetsEOYAmt021522835
IRS990/TotalAssetsGrp/BOYAmt021309776
IRS990/TotalAssetsGrp/EOYAmt021522835
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt021
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021309776
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021522835
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0213080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021309776
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021522835
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05444 CRENSHAW BLVD 100
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0900432408
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0DESTINATIONCRENSHAW.LA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON FOSTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03236784917
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DESTINATION CRENSHAW SUPPORT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DEST
ReturnHeader/Filer/EIN0873977688
ReturnHeader/Filer/PhoneNum03236784917
ReturnHeader/Filer/USAddress/AddressLine1Txt05444 CRENSHAW BLVD 100
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0900432408
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330482495
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GYL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04120 CONCOURS SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ONTARIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091764
ReturnHeader/PreparerPersonGrp/PhoneNum09099489990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH ROMERO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-05T11:26:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,522,835
Liabilities
$0
Net assets
$21,522,835
Revenue
$213,080
Expenses
$21
Net income
$213,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$0.00$21.4$0.21$0.58$0.37
2023Detailed filing. Detailed filing data is available for this year.$21.7$0.00$21.7$0.21$0.00$0.21
2022Detailed filing. Detailed filing data is available for this year.$21.5$0.00$21.5$0.21$0.00$0.21
2021Detailed filing. Detailed filing data is available for this year.$21.3$0.00$21.3$21.3$0.00$21.3