Civic Intelligence

Palmdale Community Foundation

990 • Fiscal year 2020 • EIN 95-4669404

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 03, 2021

Organization ProfileN/A
38300 Sierra Hwy Ste DPalmdale, CA 93550-4661

(661) 267-5440

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.13x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

15th percentile

-39%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$263,870

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 256.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

21st percentile

-17%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-83%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$250,779

Down $51,007 (-17%) from 2019

Net Assets

Down

$237,881

Down $40,490 (-15%) from 2019

Liabilities

Down

$12,898

Down $10,517 (-45%) from 2019

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin15th percentile

Revenue

Down

$102,799

Down $513,115 (-83%) from 2019

Expenses

Down

$143,289

Down $442,001 (-76%) from 2019

Net Income

Down

-$40,490

Down $71,114 (-232%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$600K$400K$200K$0Assets 2011: $225,006Liabilities 2011: $0Net Assets 2011: $225,0062011Assets 2012: $251,032Liabilities 2012: $0Net Assets 2012: $251,0322012Assets 2013: $240,170Liabilities 2013: $925Net Assets 2013: $239,2452013Assets 2014: $488,467Liabilities 2014: $41,809Net Assets 2014: $446,6582014Assets 2015: $300,918Liabilities 2015: $31,019Net Assets 2015: $269,8992015Assets 2016: $255,337Liabilities 2016: $1,597Net Assets 2016: $253,7402016Assets 2017: $261,544Liabilities 2017: $3,858Net Assets 2017: $257,6862017Assets 2018: $257,275Liabilities 2018: $9,528Net Assets 2018: $247,7472018Assets 2019: $301,786Liabilities 2019: $23,415Net Assets 2019: $278,3712019Assets 2020: $250,779Liabilities 2020: $12,898Net Assets 2020: $237,8812020Assets 2021: $250,927Liabilities 2021: $3,202Net Assets 2021: $247,7252021Assets 2022: $315,321Liabilities 2022: $59,180Net Assets 2022: $256,1412022Assets 2023: $240,159Liabilities 2023: $3,673Net Assets 2023: $236,4862023Assets 2024: $281,962Liabilities 2024: $34,723Net Assets 2024: $247,2392024

Highlighted filing

2020

Assets$250,779
Liabilities$12,898
Net Assets$237,881
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $46,189Expenses 2011: $46,746Net Income 2011: -$5572011Revenue 2012: $114,633Expenses 2012: $88,607Net Income 2012: $26,0262012Revenue 2013: $68,262Expenses 2013: $80,049Net Income 2013: -$11,7872013Revenue 2014: $460,347Expenses 2014: $252,935Net Income 2014: $207,4122014Revenue 2015: $359,835Expenses 2015: $536,594Net Income 2015: -$176,7592015Revenue 2016: $67,154Expenses 2016: $83,313Net Income 2016: -$16,1592016Revenue 2017: $114,758Expenses 2017: $110,812Net Income 2017: $3,9462017Revenue 2018: $369,278Expenses 2018: $379,217Net Income 2018: -$9,9392018Revenue 2019: $615,914Expenses 2019: $585,290Net Income 2019: $30,6242019Revenue 2020: $102,799Expenses 2020: $143,289Net Income 2020: -$40,4902020Revenue 2021: $132,960Expenses 2021: $123,116Net Income 2021: $9,8442021Revenue 2022: $281,028Expenses 2022: $272,612Net Income 2022: $8,4162022Revenue 2023: $143,143Expenses 2023: $162,798Net Income 2023: -$19,6552023Revenue 2024: $80,022Expenses 2024: $69,269Net Income 2024: $10,7532024

Highlighted filing

2020

Revenue$102,799
Expenses$143,289
Net Income-$40,490
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 3, 2021
Return Version
2019v5.2
Gross Receipts
$102,799
Mission and Program Overview

Mission

Provide supplemental financial assistance for the city of palmdale

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$301,786$240,757▼ $61,029
Accounts Receivable-$10,022-
Total Assets$301,786$250,779▼ $51,007
Liabilities
Accounts Payable and Accrued Expenses$23,415$12,898▼ $10,517
Total Liabilities$23,415$12,898▼ $10,517
Net Assets / Fund Balance
Net Assets With Donor Restrictions$278,371$237,881▼ $40,490
Total Net Assets Fund Balance$278,371$237,881▼ $40,490
Total Liabilities and Net Assets / Fund Balance$301,786$250,779▼ $51,007
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Stella Devine-knightVice President$147,847$147,847

Board Members and Trustees

NameTitle
Anne AmbrosePresident
Keith KangCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$102,799
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$102,799
Change in Net Assets
$-40,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$102,799
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$102,799
Total Revenue per Form 990
$102,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,289
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$34,750--$34,750
Total Functional Expenses$143,289$0$0$143,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$143,289
Total Expenses per Audited Statements$143,289
Total Expenses per Form 990$143,289
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Lobbying 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
Audit committee
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 A, Line 8B

“The organization does not have a committee with authority to act on its behalf.”

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

“The return will be reviewed by the cfo/treasurer and made available to the board prior to filing”

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

“Board members are required to annually disclose any conflict of interest. If a conflict of interest arisises, the board members is asked to excuse himself/herself from all discussion and voting on the issue.”

Form 990, Part VI, Section C, Line 19

“The required documents are available at the business address during normal business hours upon request”

Filing and Contact Details

Filer

Filer Name
Palmdale Community Foundation
EIN
95-4669404
Phone
6612675440
Address
38300 SIERRA HWY STE D, PALMDALE, CA 93550-4661

Signing Officer

Name
Keith Kang
Title
CFO
Phone
6612675440
Signed
2021-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Kang
Formed
1998
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is a non-profit public benefit corporation that is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation and qualifies for deductible contributions as provided in section 170(b) (a) (vi). It is also exempt from state franchise and income taxes under section 23701(d) of the california revenue and taxation code. Accordingly, no provision for income taxes has been reflected in these financial statements. Income tax returns for 2015 and forward may be audited by regulatory agencies; however, the foundation is not aware of any such actions at this time. The foundation annually files forms 990, 199 and rrf-1 with the appropriate agencies.”

Raw XML Appendix374 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NON-PROFIT PUBLIC BENEFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B) (A) (VI). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. INCOME TAX RETURNS FOR 2015 AND FORWARD MAY BE AUDITED BY REGULATORY AGENCIES; HOWEVER, THE FOUNDATION IS NOT AWARE OF ANY SUCH ACTIONS AT THIS TIME. THE FOUNDATION ANNUALLY FILES FORMS 990, 199 AND RRF-1 WITH THE APPROPRIATE AGENCIES.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1167317
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WILL BE REVIEWED BY THE CFO/TREASURER AND MADE AVAILABLE TO THE BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST ARISISES, THE BOARD MEMBERS IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF PALMDALE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952226242
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL ENTITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CITY GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt038300 SIERRA HWY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PALMDALE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0935504661
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0108539
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF PALMDALE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0301786
IRS990/TotalAssetsEOYAmt0250779
IRS990/TotalAssetsGrp/BOYAmt0301786
IRS990/TotalAssetsGrp/EOYAmt0250779
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0102799
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143289
IRS990/TotalFunctionalExpensesGrp/TotalAmt0143289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023415
IRS990/TotalLiabilitiesEOYAmt012898
IRS990/TotalLiabilitiesGrp/BOYAmt023415
IRS990/TotalLiabilitiesGrp/EOYAmt012898
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0278371
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0237881
IRS990/TotalOtherCompensationAmt0160041
IRS990/TotalProgramServiceExpensesAmt0143289
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102799
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0301786
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0250779
IRS990/TotReportableCompRltdOrgAmt0418993
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt038300 SIERRA HWY STE D
IRS990/USAddress/CityNm0PALMDALE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0935504661
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH KANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06612675440
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMDALE COMMUNITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0954669404
ReturnHeader/Filer/PhoneNum06612675440
ReturnHeader/Filer/USAddress/AddressLine1Txt038300 SIERRA HWY STE D
ReturnHeader/Filer/USAddress/CityNm0PALMDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0935504661
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917303831
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L GRAY
ReturnHeader/ReturnTs02021-04-15T12:45:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,779
Liabilities
$12,898
Net assets
$237,881
Revenue
$102,799
Expenses
$143,289
Net income
-$40,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.35$2.47$0.80$0.69$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.04$2.36$1.43$1.63$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.59$2.56$2.81$2.73$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.03$2.48$1.33$1.23$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.51$0.13$2.38$1.03$1.43$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.23$2.78$6.16$5.85$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.10$2.48$3.69$3.79$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.04$2.58$1.15$1.11$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.55$0.02$2.54$0.67$0.83$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.01$0.31$2.70$3.60$5.37$1.77
2014Detailed filing. Detailed filing data is available for this year.$4.88$0.42$4.47$4.60$2.53$2.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.01$2.39$0.68$0.80$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.00$2.51$1.15$0.89$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.00$2.25$0.46$0.47$0.01