Civic Intelligence

Edwin J Gregson Foundation

990 • Fiscal year 2023 • EIN 91-2052076

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

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

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$25,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

109%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,757,337

Up $494,968 (+22%) from 2022

Net Assets

Up

$2,720,108

Up $473,368 (+21%) from 2022

Liabilities

Up

$37,229

Up $21,600 (+138%) from 2022

Revenue

Up

$416,391

Up $217,239 (+109%) from 2022

Expenses

Down

$281,335

Down $67,144 (-19%) from 2022

Net Income

Up

$135,056

Up $284,383 (+190%) from 2022

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

2023

Assets$2,757,337
Liabilities$37,229
Net Assets$2,720,108

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

2023

Revenue$416,391
Expenses$281,335
Net Income$135,056
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$477,494
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$1,988,822$2,367,698▲ $378,876
Savings and Temporary Cash Investments$224,105$345,036▲ $120,931
Cash and Non-Interest-Bearing Accounts$48,134$44,007▼ $4,127
Prepaid Expenses and Deferred Charges$1,308$596▼ $712
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$2,262,369$2,757,337▲ $494,968
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$15,629$37,229▲ $21,600
Total Liabilities$15,629$37,229▲ $21,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,246,740$2,720,108▲ $473,368
Total Net Assets Fund Balance$2,246,740$2,720,108▲ $473,368
Total Liabilities and Net Assets / Fund Balance$2,262,369$2,757,337▲ $494,968
Compensation and Service Providers

Employees

NameTitleBaseTotal
Angie CarmonaSecretary$25,000$25,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$428,475
Program Service Revenue
$0
Investment Income
$49,019
Other Revenue
$-61,103
All Other Contributions
$295,975
Change in Net Assets
$135,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,385
Other Expenses$95,295
Salaries, Compensation, and Employee Benefits$65,655
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$120,385--$120,385
Other Salaries and Wages$40,655--$40,655
Current Officers, Directors, Trustees, and Key Employees-$25,000-$25,000
Fees for Services Accounting-$18,745-$18,745
Office Expenses-$1,825-$1,825
Insurance-$1,195-$1,195
Fees for Services Other-$513-$513
Other Expenses$63,149$156-$156
All Other Expenses-$75-$75
Conferences and Meetings-$46-$46
Total Functional Expenses$224,189$57,146$0$281,335
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$61,103
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
John Harris Tribute Dinner$132,500-$15,628-
Total Events$132,500-$61,103$-61,103
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The chief financial officer and various directors of the Foundation reviewed Form 990.

Form 990, Part VI, Section C, Line 19

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
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Darin a White
Address
1240 S LELAND AVE, WEST COVINA, CA 91790
Preparer
Darin a White
Phone
8186362728
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040655
IRS990/OtherSalariesAndWagesGrp/TotalAmt040655
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01308
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0596
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/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 Los Alamitos 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/ProgSrvcAccomActy2Grp/ExpenseAmt063149
IRS990/ProgSrvcAccomActy3Grp/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/ProgSrvcAccomActy3Grp/ExpenseAmt040655
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0163733
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0212229
IRS990/PYInvestmentIncomeAmt035419
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt095054
IRS990/PYRevenuesLessExpensesAmt0-149327
IRS990/PYSalariesCompEmpBnftPaidAmt041196
IRS990/PYTotalExpensesAmt0348479
IRS990/PYTotalRevenueAmt0199152
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0135056
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0345036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0428475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0163733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0363104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0142070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0299668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01397050
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0387331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-336485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0405995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0266368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-357180
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0366029
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79240
IRS990ScheduleA/PublicSupportPY170Pct00.99670
IRS990ScheduleA/PublicSupportTotal170Amt01397050
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0428475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0163733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0363104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0142070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0299668
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01397050
IRS990ScheduleA/TotalSupportAmt01763079
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0132500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0132500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt061103
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0John Harris Tribute Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt042975
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt042975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0132500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0132500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-61103
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015628
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015628
IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0To raise funds for the Foundation through a tribute dinner honoring thoroughbred owner John Harris for his contributions to California Thoroughbred horse racing. Fundraiser held at The Inn at Rancho Santa Fe, Rancho Santa Fe, CA.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120385
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt028
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/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The chief financial officer and various directors of the Foundation reviewed Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02262369
IRS990/TotalAssetsEOYAmt02757337
IRS990/TotalAssetsGrp/BOYAmt02262369
IRS990/TotalAssetsGrp/EOYAmt02757337
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0428475
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057146
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224189
IRS990/TotalFunctionalExpensesGrp/TotalAmt0281335
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015629

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
2023Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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