Civic Intelligence

Golden Globe Foundation

990 • Fiscal year 2023 • EIN 93-1824030

May 26, 2023 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileN/A
650 North Robertson BlvdWest Hollywood, CA 90069

(310) 657-1731

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

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

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.00x

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

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$326,410

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets12th percentile

Assets

$50,123,288

No earlier filing loaded for comparison.

Net Assets

$50,123,288

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin99th percentile

Revenue

$50,123,288

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$50,123,288

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150M$100M$50M$0Assets 2023: $50,123,288Liabilities 2023: $0Net Assets 2023: $50,123,2882023Assets 2024: $119,895,486Liabilities 2024: $17,399Net Assets 2024: $119,878,0872024

Highlighted filing

2023

Assets$50,123,288
Liabilities$0
Net Assets$50,123,288
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0Revenue 2023: $50,123,288Expenses 2023: $0Net Income 2023: $50,123,2882023Revenue 2024: $70,269,398Expenses 2024: $514,599Net Income 2024: $69,754,7992024

Highlighted filing

2023

Revenue$50,123,288
Expenses$0
Net Income$50,123,288
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
May 26, 2023 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$50,123,288
Mission and Program Overview

Mission

The golden globe foundation was formed to promote social welfare by making payments to or for the use of charitable organizations or for charitable purposes, and to carry out and support the charitable, literary, scientific and educational activities and undertakings of charitable organizations identified or connected with the motion picture, television, dramatic, musical, and comedy theatre, audio and visual recording and journalism industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$50,123,288-
Rtn Earn Endowment Incm Other Fnds$0$50,123,288▲ $50,123,288
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$50,123,288▲ $50,123,288
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$50,123,288▲ $50,123,288
Total Liabilities and Net Assets / Fund Balance$0$50,123,288▲ $50,123,288
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Henry ArnaudTreasurer & Board MemberFT$115,010$115,010

Board Members and Trustees

NameTitle
Helen HoehnePresident & Board Member
Gregory P GoecknerExecutive Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000,000
Program Service Revenue
$0
Investment Income
$123,288
Other Revenue
$0
Change in Net Assets
$50,123,288

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$50,000,000Fair Market Value
Total Noncash Contributions1$50,000,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 A, Line 6

“The organization had 95 members who were golden globe award voters.”

Form 990, Part VI, Section A, Line 7A

“The organization's members elect annually 2 of the 6 member directors to the board of directors. The member directors elect annually 1 of the 3 independent directors. The directors elect annually the board chair, treasurer and secretary.”

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

“Form 990 is submitted to the organization's chief executive officer , board chair, treasurer and audit committee for review. Once approved the return is signed by the board chair.”

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

“The organization's ceo and outside counsel review compliance with the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation levels will be based on compensation levels from similar tax exempt organizations.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Golden Globe Foundation
EIN
93-1824030
Phone
3106571731
Address
650 NORTH ROBERTSON BLVD, WEST HOLLYWOOD, CA 90069

Signing Officer

Name
Earl Gibson Iii
Title
Board Chairman
Phone
3106571731
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earl Gibson Iii
Formed
2023
Legal Domicile
CA
Voting Board Members
95
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Hershtik Llp
Address
16055 VENTURA BLVD STE 407, ENCINO, CA 91436
Preparer
Alex Hershtik CPA
Phone
8189867572
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“As part of the sale of the golden globes to eldridge globes llc, hfpa also received class b profit participation units in eldridge globes llc, which it directed eldridge globes llc to provide to the golden globe foundation. Golden globe foundation has not received any income from those profit participation units to date.”

Raw XML Appendix341 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS PART OF THE SALE OF THE GOLDEN GLOBES TO ELDRIDGE GLOBES LLC, HFPA ALSO RECEIVED CLASS B PROFIT PARTICIPATION UNITS IN ELDRIDGE GLOBES LLC, WHICH IT DIRECTED ELDRIDGE GLOBES LLC TO PROVIDE TO THE GOLDEN GLOBE FOUNDATION. GOLDEN GLOBE FOUNDATION HAS NOT RECEIVED ANY INCOME FROM THOSE PROFIT PARTICIPATION UNITS TO DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAD 95 MEMBERS WHO WERE GOLDEN GLOBE AWARD VOTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MEMBERS ELECT ANNUALLY 2 OF THE 6 MEMBER DIRECTORS TO THE BOARD OF DIRECTORS. THE MEMBER DIRECTORS ELECT ANNUALLY 1 OF THE 3 INDEPENDENT DIRECTORS. THE DIRECTORS ELECT ANNUALLY THE BOARD CHAIR, TREASURER AND SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS SUBMITTED TO THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER , BOARD CHAIR, TREASURER AND AUDIT COMMITTEE FOR REVIEW. ONCE APPROVED THE RETURN IS SIGNED BY THE BOARD CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S CEO AND OUTSIDE COUNSEL REVIEW COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS FOR DETERMINING COMPENSATION LEVELS WILL BE BASED ON COMPENSATION LEVELS FROM SIMILAR TAX EXEMPT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HOLLYWOOD FOREIGN PRESS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt050123288
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt050123288
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt050000000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050123288
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0123288
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050123288
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050123288
IRS990/TotReportableCompRltdOrgAmt0658636
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0650 N ROBERTSON BLVD
IRS990/USAddress/CityNm0WEST HOLLYWOOD
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090069
IRS990/VotingMembersGoverningBodyCnt095
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EARL GIBSON III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03106571731
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOLDEN GLOBE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GOLD
ReturnHeader/Filer/EIN0931824030
ReturnHeader/Filer/PhoneNum03106571731
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 NORTH ROBERTSON BLVD
ReturnHeader/Filer/USAddress/CityNm0WEST HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090069
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822548181
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERSHTIK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016055 VENTURA BLVD STE 407
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091436
ReturnHeader/PreparerPersonGrp/PhoneNum08189867572
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEX HERSHTIK CPA
ReturnHeader/ReturnTs02024-05-15T17:20:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EARL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GIBSON III
ReturnHeader/TaxPeriodBeginDt02023-05-26
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,123,288
Liabilities
$0
Net assets
$50,123,288
Revenue
$50,123,288
Expenses
$0
Net income
$50,123,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$0.02$120$70.3$0.51$69.8
2023Detailed filing. Detailed filing data is available for this year.$50.1$0.00$50.1$50.1$0.00$50.1