Civic Intelligence

Edwin J Gregson Foundation

990 • Fiscal year 2017 • EIN 91-2052076

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 26, 2018

PO Box 660039Arcadia, CA 91066

(626) 447-2145

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.12x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$5,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

9.1%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,976,444

Up $197,271 (+11%) from 2016

Net Assets

Up

$1,926,971

Up $196,633 (+11%) from 2016

Liabilities

Up

$49,473

Up $638 (+1.3%) from 2016

Revenue

Up

$408,512

Up $34,061 (+9.1%) from 2016

Expenses

Down

$211,879

Down $48,770 (-19%) from 2016

Net Income

Up

$196,633

Up $82,831 (+73%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,243,349Liabilities 2011: $27,589Net Assets 2011: $1,215,7602011Assets 2012: $1,296,570Liabilities 2012: $23,543Net Assets 2012: $1,273,0272012Assets 2013: $1,440,383Liabilities 2013: $21,929Net Assets 2013: $1,418,4542013Assets 2014: $1,601,731Liabilities 2014: $28,661Net Assets 2014: $1,573,0702014Assets 2015: $1,641,397Liabilities 2015: $24,861Net Assets 2015: $1,616,5362015Assets 2016: $1,779,173Liabilities 2016: $48,835Net Assets 2016: $1,730,3382016Assets 2017: $1,976,444Liabilities 2017: $49,473Net Assets 2017: $1,926,9712017Assets 2018: $1,878,297Liabilities 2018: $33,983Net Assets 2018: $1,844,3142018Assets 2019: $2,199,831Liabilities 2019: $49,454Net Assets 2019: $2,150,3772019Assets 2020: $2,375,798Liabilities 2020: $36,620Net Assets 2020: $2,339,1782020Assets 2021: $2,800,829Liabilities 2021: $32,858Net Assets 2021: $2,767,9712021Assets 2022: $2,262,369Liabilities 2022: $15,629Net Assets 2022: $2,246,7402022Assets 2023: $2,757,337Liabilities 2023: $37,229Net Assets 2023: $2,720,1082023Assets 2024: $3,147,497Liabilities 2024: $24,954Net Assets 2024: $3,122,5432024

Highlighted filing

2017

Assets$1,976,444
Liabilities$49,473
Net Assets$1,926,971

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $192,748Expenses 2011: $188,802Net Income 2011: $3,9462011Revenue 2012: $234,880Expenses 2012: $177,613Net Income 2012: $57,2672012Revenue 2013: $323,990Expenses 2013: $178,563Net Income 2013: $145,4272013Revenue 2014: $411,836Expenses 2014: $257,220Net Income 2014: $154,6162014Revenue 2015: $280,167Expenses 2015: $236,701Net Income 2015: $43,4662015Revenue 2016: $374,451Expenses 2016: $260,649Net Income 2016: $113,8022016Revenue 2017: $408,512Expenses 2017: $211,879Net Income 2017: $196,6332017Revenue 2018: $205,779Expenses 2018: $228,034Net Income 2018: -$22,2552018Revenue 2019: $276,822Expenses 2019: $285,992Net Income 2019: -$9,1702019Revenue 2020: $408,438Expenses 2020: $219,637Net Income 2020: $188,8012020Revenue 2021: $318,377Expenses 2021: $262,645Net Income 2021: $55,7322021Revenue 2022: $199,152Expenses 2022: $348,479Net Income 2022: -$149,3272022Revenue 2023: $416,391Expenses 2023: $281,335Net Income 2023: $135,0562023Revenue 2024: $389,830Expenses 2024: $380,022Net Income 2024: $9,8082024

Highlighted filing

2017

Revenue$408,512
Expenses$211,879
Net Income$196,633
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 26, 2018
Return Version
2017v2.2
Gross Receipts
$467,061
Mission and Program Overview

Mission

To provide educational and charitable programs for the benefit of california thoroughbred racehorse industry stable-area workers and their family members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,491,531$1,725,853▲ $234,322
Savings and Temporary Cash Investments$267,412$242,276▼ $25,136
Cash and Non-Interest-Bearing Accounts$19,750$7,928▼ $11,822
Prepaid Expenses and Deferred Charges$480$387▼ $93
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,779,173$1,976,444▲ $197,271
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$48,835$49,473▲ $638
Total Liabilities$48,835$49,473▲ $638
Net Assets / Fund Balance
Unrestricted Net Assets$1,730,338$1,926,971▲ $196,633
Total Net Assets Fund Balance$1,730,338$1,926,971▲ $196,633
Total Liabilities and Net Assets / Fund Balance$1,779,173$1,976,444▲ $197,271
Compensation and Service Providers

Employees

NameTitleBaseTotal
Angie CarmonaSecretary$5,000$5,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$231,975
Program Service Revenue
$0
Investment Income
$235,086
Other Revenue
$-58,549
All Other Contributions
$84,100
Change in Net Assets
$196,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$102,658
Other Expenses$56,688
Salaries, Compensation, and Employee Benefits$52,533
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$102,658--$102,658
Other Salaries and Wages$47,533--$47,533
Fees for Services Accounting-$9,917-$9,917
Current Officers, Directors, Trustees, and Key Employees-$5,000-$5,000
Office Expenses-$2,329-$2,329
Insurance-$782-$782
Fees for Services Other-$725-$725
Conferences and Meetings-$392-$392
Other Expenses$40,776$235-$235
All Other Expenses-$146-$146
Total Functional Expenses$190,967$20,912$0$211,879
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$58,549
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2017 Sherman/Hollendorfer Tribute Dinner$147,875-$6,365-
Total Events$147,875-$58,549$-58,549
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The president and various directors of the Foundation reviewed Form 990.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Edwin J Gregson Foundation
EIN
91-2052076
Phone
6264472145
Address
PO BOX 660039, ARCADIA, CA 91066

Signing Officer

Name
Angie Carmona
Title
Secretary
Signed
2018-10-26
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Darin a White
Address
1240 S LELAND AVE, WEST COVINA, CA 91790
Preparer
Darin White
Phone
8186362728
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02329
IRS990/OfficeExpensesGrp/TotalAmt02329
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Recreation Programs
IRS990/OtherExpensesGrp/Desc1Website Expenses
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Licenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0939
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1447
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2235
IRS990/OtherExpensesGrp/ProgramServicesAmt040776
IRS990/OtherExpensesGrp/TotalAmt040776
IRS990/OtherExpensesGrp/TotalAmt1939
IRS990/OtherExpensesGrp/TotalAmt2447
IRS990/OtherExpensesGrp/TotalAmt3235
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047533
IRS990/OtherSalariesAndWagesGrp/TotalAmt047533
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0480
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0387
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Santa Anita Recreational Center (SARC) - Located at Santa Anita Racetrack in Arcadia, CA, this facility contains a fully-equipped exercise gym, video/movie/sports viewing room, card and game room, and laundry facilities for the benefit of all stable area personnel. There is a staff of approximately seven to serve the needs of workers utilizing the facility daily from 10:00 a.m. to 8:00 p.m. The Center is also utilized to conduct weekly Catholic Mass.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047533
IRS990/ProgSrvcAccomActy3Grp/Desc0Recreation Programs - Consist of a variety of recreational activities available to stable workers located at the major California racetracks of Santa Anita Park, Golden Gate Fields, San Luis Rey Downs, Del Mar and Pleasanton Fairgrounds Racetrack. Trips are offered to water and amusement parks, to professional sporting events, such as baseball and soccer games. There are also various coordinated softball and soccer leagues, as well as weekly tournaments (i.e., pool, dominoes, poker, etc.) for all workers wishing to participate.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt040776
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0325351
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0147033
IRS990/PYInvestmentIncomeAmt0118897
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt056546
IRS990/PYOtherRevenueAmt0-69797
IRS990/PYRevenuesLessExpensesAmt0113802
IRS990/PYSalariesCompEmpBnftPaidAmt057070
IRS990/PYTotalExpensesAmt0260649
IRS990/PYTotalRevenueAmt0374451
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0196633
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0267412
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0242276
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0231975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0325351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0328937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0335045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0126920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01348228
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0235086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0118897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016709
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0116709
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0200097
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0687498
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66230
IRS990ScheduleA/PublicSupportPY170Pct00.70510
IRS990ScheduleA/PublicSupportTotal170Amt01348228
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0231975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0325351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0328937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0335045
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0126920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01348228
IRS990ScheduleA/TotalSupportAmt02035726
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0147875
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0147875
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt058549
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04275
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04275
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm02017 Sherman/Hollendorfer Tribute Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt047909
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt047909
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0147875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0147875
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-58549
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06365
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06365
IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0To raise funds for the Foundation through a tribute dinner honoring thoroughbred trainers Art Sherman and Jerry Hollendorfer for their contributions to California Thoroughbred horse racing. Fundraiser held at the Grand Del Mar Hotel, Del Mar, CA.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0102658
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt053
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation maintains communication with grant recipients.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The president and various directors of the Foundation reviewed Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.02$3.12$0.39$0.38$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.04$2.72$0.42$0.28$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.02$2.25$0.20$0.35$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.03$2.77$0.32$0.26$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.04$2.34$0.41$0.22$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.05$2.15$0.28$0.29$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.03$1.84$0.21$0.23$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.98$0.05$1.93$0.41$0.21$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.05$1.73$0.37$0.26$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.02$1.62$0.28$0.24$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.03$1.57$0.41$0.26$0.15
2013Summary only. Only limited summary data is available for this year.$1.44$0.02$1.42$0.32$0.18$0.15
2012Summary only. Only limited summary data is available for this year.$1.30$0.02$1.27$0.23$0.18$0.06
2011Summary only. Only limited summary data is available for this year.$1.24$0.03$1.22$0.19$0.19$0.00