Civic Intelligence

The Learning Centers at Fairplex

990 • Fiscal year 2021 • EIN 95-4686764

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

1101 W Mckinley AvePomona, CA 91768

(909) 623-3111

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

79th percentile

37%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

50th percentile

9.5%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

110%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,352,062

Up $465,983 (+9.5%) from 2020

Net Assets

Up

$5,248,039

Up $561,442 (+12%) from 2020

Liabilities

Down

$104,023

Down $95,459 (-48%) from 2020

Revenue

Up

$481,819

Up $252,312 (+110%) from 2020

Expenses

Up

$305,942

Up $12,984 (+4.4%) from 2020

Net Income

Up

$175,877

Up $239,328 (+377%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $521,814Liabilities 2010: $250,470Net Assets 2010: $271,3442010Assets 2011: $691,992Liabilities 2011: $108,554Net Assets 2011: $583,4382011Assets 2012: $755,061Liabilities 2012: $64,880Net Assets 2012: $690,1812012Assets 2013: $948,812Liabilities 2013: $66,685Net Assets 2013: $882,1272013Assets 2014: $1,859,340Liabilities 2014: $445,884Net Assets 2014: $1,413,4562014Assets 2015: $2,344,573Liabilities 2015: $323,775Net Assets 2015: $2,020,7982015Assets 2016: $2,275,526Liabilities 2016: $616,020Net Assets 2016: $1,659,5062016Assets 2017: $3,993,288Liabilities 2017: $116,800Net Assets 2017: $3,876,4882017Assets 2018: $4,489,727Liabilities 2018: $222,321Net Assets 2018: $4,267,4062018Assets 2019: $4,909,839Liabilities 2019: $80,511Net Assets 2019: $4,829,3282019Assets 2020: $4,886,079Liabilities 2020: $199,482Net Assets 2020: $4,686,5972020Assets 2021: $5,352,062Liabilities 2021: $104,023Net Assets 2021: $5,248,0392021Assets 2022: $8,739,784Liabilities 2022: $1,854,773Net Assets 2022: $6,885,0112022Assets 2023: $9,235,698Liabilities 2023: $1,904,719Net Assets 2023: $7,330,9792023Assets 2024: $9,170,469Liabilities 2024: $1,722,001Net Assets 2024: $7,448,4682024

Highlighted filing

2021

Assets$5,352,062
Liabilities$104,023
Net Assets$5,248,039

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $650,304Expenses 2010: $645,971Net Income 2010: $4,3332010Expenses 2011: $632,4432011Expenses 2012: $1,144,7602012Revenue 2013: $1,284,301Expenses 2013: $1,092,355Net Income 2013: $191,9462013Revenue 2014: $2,045,710Expenses 2014: $1,514,381Net Income 2014: $531,3292014Revenue 2015: $2,342,172Expenses 2015: $1,728,108Net Income 2015: $614,0642015Revenue 2016: $1,561,270Expenses 2016: $1,988,005Net Income 2016: -$426,7352016Revenue 2017: $3,119,473Expenses 2017: $989,325Net Income 2017: $2,130,1482017Revenue 2018: $1,203,224Expenses 2018: $657,539Net Income 2018: $545,6852018Revenue 2019: $1,135,004Expenses 2019: $900,700Net Income 2019: $234,3042019Revenue 2020: $229,507Expenses 2020: $292,958Net Income 2020: -$63,4512020Revenue 2021: $481,819Expenses 2021: $305,942Net Income 2021: $175,8772021Revenue 2022: $2,448,648Expenses 2022: $402,032Net Income 2022: $2,046,6162022Revenue 2023: $1,023,692Expenses 2023: $703,567Net Income 2023: $320,1252023Revenue 2024: $1,046,712Expenses 2024: $1,293,142Net Income 2024: -$246,4302024

Highlighted filing

2021

Revenue$481,819
Expenses$305,942
Net Income$175,877
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$481,819
Mission and Program Overview

Mission

To provide a wide spectrum of innovative and enriching educational experiences that bring learning to life, benefit our diverse communities, and prepare our participants for success.

The primary purpose is to establish and run educational programs utilizing the resources of the los angeles county fair association. Additionally, the corporation may engage in any activities that are reasonably related to the furtherance of its stated charitable and public purpose, or any other charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,454,977$3,892,856▲ $437,879
Savings and Temporary Cash Investments$667,181$755,569▲ $88,388
Land, Buildings, and Equipment, Net$724,491$694,065▼ $30,426
Accounts Receivable$39,430$9,572▼ $29,858
Total Assets$4,886,079$5,352,062▲ $465,983
Liabilities
Other Liabilities$146,330$91,481▼ $54,849
Accounts Payable and Accrued Expenses$53,152$12,542▼ $40,610
Total Liabilities$199,482$104,023▼ $95,459
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,810,608$2,842,961▲ $32,353
Net Assets Without Donor Restrictions$1,875,989$2,405,078▲ $529,089
Total Net Assets Fund Balance$4,686,597$5,248,039▲ $561,442
Total Liabilities and Net Assets / Fund Balance$4,886,079$5,352,062▲ $465,983

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$694,065$192,499$886,564
Other Securities$3,892,856--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike BeckmanChairman
Heidi GallegosDirector
Kathy BanuelosDirector
Mike DriebeDirector
Peter HidalgoDirector
Reyna Del HaroDirector
Bernie BernsteinCDC Representative
Ben WongMember
Jessica Clague DehartMember
Margarita LunaMember
Todd WagnerMember
Chris DennisSecretary
David PrenovostTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$421,611
Program Service Revenue
$0
Investment Income
$60,208
Other Revenue
$0
All Other Contributions
$421,611
Change in Net Assets
$175,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,098
Revenue Not Reported on Financial Statements
$7,721
Revenue Not Reported on Form 990
$1,263,089
Total Revenue per Audited Statements
$1,737,187
Total Revenue per Form 990
$481,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175,361
Salaries, Compensation, and Employee Benefits$130,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$106,646$1,549-$108,195
Other Salaries and Wages$84,809$1,905-$86,714
Depreciation Depletion$28,374--$28,374
Other Employee Benefits$26,367$538-$26,905
Payroll Taxes$16,623$339-$16,962
Fees for Service Investment Mgmnt Fees-$7,721-$7,721
Fees for Services Accounting-$1,550-$1,550
Other Expenses$1,398$4,657-$1,398
All Other Expenses-$95-$95
Total Functional Expenses$269,523$36,419$0$305,942

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,175,745
Expenses Not Reported on Form 990$878,893
Total Expenses per Form 990$305,942
Expenses per Audited Statements$296,852
Expenses Not Reported on Financial Statements$9,090
Other Expense Adjustments$1,369
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$91,481
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Los angeles fair association is the sole member of the organization

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

The los angeles county fair association will ratify and approve any changes to board members or bylaws

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

The los angeles county fair association will ratify and approve any changes to board members or bylaws.

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 was provided to and reviewed by the governing body. Each board member was given a copy of the form 990 prior to filing.

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

Each officer, director,and trustee is required to provide annual conflict of interest statements. Any possible conflicts are reviewed and resolved.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any of its officers,directors or trustees. The organization does not have any employees. Senior management and staff are paid directly by the los angeles county fair association. The compensation committee of the board of directors of lacfa meets on an as needed basis to review compensation of the senior management staff. The lacfa committee makes it a practice to regularly review compensation of the senior executive teams. In that regard, the lacfa committee has engaged in various benchmarking studies of compensation over the last several years through the use of expert consultants as recently as october, 2016. The executive committee of lacfa reviewed the findings and recommendations and has implemented plan adjustments according to these recommendations.

Form 990, Part VI, Section C, Line 19

All governing documents, policies and financial statements are available upon request at the organization, during normal business hours

Filing and Contact Details

Filer

Filer Name
The Learning Centers at Fairplex
EIN
95-4686764
Phone
9096233111
Address
1101 W MCKINLEY AVE, POMONA, CA 91768

Signing Officer

Name
Michael Beckman
Title
President
Phone
9096233111
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Beckman
Formed
1998
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Sub contractors: program service expenses 105,277. Management and general expenses 1,549. Fundraising expenses 0. Total expenses 106,826. Program service fee: program service expenses 1,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,369.

Part XII Line 2C

The sole member of the organization is los angeles county fair association, which maintains oversight for the audit of the financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

Tlc has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Tlc would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustment has been made to the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Program service fees -1,369.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Program service fees 1,369.

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A WIDE SPECTRUM OF INNOVATIVE AND ENRICHING EDUCATIONAL EXPERIENCES THAT BRING LEARNING TO LIFE, BENEFIT OUR DIVERSE COMMUNITIES, AND PREPARE OUR PARTICIPANTS FOR SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04686597
IRS990/NetAssetsOrFundBalancesEOYAmt05248039
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0385565
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01875989
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02405078
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0538
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt026905
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1BUS PROGRAM
IRS990/OtherExpensesGrp/Desc2TAXES AND LICENSES
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018065
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14657
IRS990/OtherExpensesGrp/ProgramServicesAmt05306
IRS990/OtherExpensesGrp/ProgramServicesAmt11398
IRS990/OtherExpensesGrp/TotalAmt018065
IRS990/OtherExpensesGrp/TotalAmt15306
IRS990/OtherExpensesGrp/TotalAmt24657
IRS990/OtherExpensesGrp/TotalAmt31398
IRS990/OtherLiabilitiesGrp/BOYAmt0146330
IRS990/OtherLiabilitiesGrp/EOYAmt091481
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01905
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084809
IRS990/OtherSalariesAndWagesGrp/TotalAmt086714
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0339
IRS990/PayrollTaxesGrp/ProgramServicesAmt016623
IRS990/PayrollTaxesGrp/TotalAmt016962
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL BECKMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CAREER AND TECHNICAL EDUCATION CENTER (CTEC), A PROGRAM OF THE LEARNING CENTERS AT FAIRPLEX (TLC), PROVIDES A WIDE SPECTRUM OF WORKFORCE DEVELOPMENT, HANDS-ON AND TRANSFORMATIONAL PROGRAMS THAT PREPARE OUR STUDENTS FOR LONG-TERM CAREER PATHWAYS. CTEC PROVIDES VOCATIONAL SKILLS TRAINING THAT IS A SUPPLEMENT TO THE LOCAL HIGH SCHOOL CURRICULUM, TO HELP HIGH SCHOOL JUNIORS AND SENIORS STAY IN SCHOOL, GRADUATE ON TIME, GO ON TO ENTRY-LEVEL EMPLOYMENT, AND OBTAIN INDUSTRY CERTIFICATIONS, INTERNSHIPS, FORMAL JOB TRAINING OR ADDITIONAL VOCATIONAL EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0200000
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FARM FIELD TRIP PROGRAM EXPOSES STUDENTS, K-12, TO LOCAL AGRICULTURE, FARM PRACTICES, CHORES, ANIMALS, PLANTS, AND FARM ECONOMICS, BUT THEY ALSO LEARN ABOUT HISTORY, MATH, SCIENCE AND HEALTH TOPICS WHICH ARE RELEVANT TO THEIR CLASSROOM CURRICULUM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt064217
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0206886
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018881
IRS990/PYOtherExpensesAmt0126874
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03740
IRS990/PYRevenuesLessExpensesAmt0-63451
IRS990/PYSalariesCompEmpBnftPaidAmt0166084
IRS990/PYTotalExpensesAmt0292958
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0229507
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0175877
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0667181
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0755569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0414611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0206886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01252112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01148720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03076875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06099204
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt024365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt090403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034504
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042598
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0252078
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01314022
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96030
IRS990ScheduleA/PublicSupportPY170Pct00.97390
IRS990ScheduleA/PublicSupportTotal170Amt06099204
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0414611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0206886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01252112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01148720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03076875
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06099204
IRS990ScheduleA/TotalSupportAmt06351282
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0878893
IRS990ScheduleD/DonatedServicesUseFcltsAmt0878893
IRS990ScheduleD/ExpensesNotReportedAmt0878893
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt09090
IRS990ScheduleD/ExpensesSubtotalAmt0296852
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07721
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07721
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0385565
IRS990ScheduleD/OtherExpensesNotIncludedAmt01369
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0694065
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0192499
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0886564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091481
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenueAmt0-1369
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03892856
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt01263089
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07721
IRS990ScheduleD/RevenueSubtotalAmt0474098
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TLC HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. TLC WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROGRAM SERVICE FEES -1,369.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PROGRAM SERVICE FEES 1,369.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0694065
IRS990ScheduleD/TotalBookValueSecuritiesAmt03892856
IRS990ScheduleD/TotalExpensesPerForm990Amt0305942
IRS990ScheduleD/TotalLiabilityAmt091481
IRS990ScheduleD/TotalRevenuePerForm990Amt0481819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01737187
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01175745
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIED ON THE POLICIES AND PROCEDURES OF THE LOS ANGELES FAIR ASSOCIATION A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J PART 1 LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOS ANGELES FAIR ASSOCIATION IS THE SOLE MEMBER OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LOS ANGELES COUNTY FAIR ASSOCIATION WILL RATIFY AND APPROVE ANY CHANGES TO BOARD MEMBERS OR BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LOS ANGELES COUNTY FAIR ASSOCIATION WILL RATIFY AND APPROVE ANY CHANGES TO BOARD MEMBERS OR BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN WAS PROVIDED TO AND REVIEWED BY THE GOVERNING BODY. EACH BOARD MEMBER WAS GIVEN A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH OFFICER, DIRECTOR,AND TRUSTEE IS REQUIRED TO PROVIDE ANNUAL CONFLICT OF INTEREST STATEMENTS. ANY POSSIBLE CONFLICTS ARE REVIEWED AND RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT COMPENSATE ANY OF ITS OFFICERS,DIRECTORS OR TRUSTEES. THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. SENIOR MANAGEMENT AND STAFF ARE PAID DIRECTLY BY THE LOS ANGELES COUNTY FAIR ASSOCIATION. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF LACFA MEETS ON AN AS NEEDED BASIS TO REVIEW COMPENSATION OF THE SENIOR MANAGEMENT STAFF. THE LACFA COMMITTEE MAKES IT A PRACTICE TO REGULARLY REVIEW COMPENSATION OF THE SENIOR EXECUTIVE TEAMS. IN THAT REGARD, THE LACFA COMMITTEE HAS ENGAGED IN VARIOUS BENCHMARKING STUDIES OF COMPENSATION OVER THE LAST SEVERAL YEARS THROUGH THE USE OF EXPERT CONSULTANTS AS RECENTLY AS OCTOBER, 2016. THE EXECUTIVE COMMITTEE OF LACFA REVIEWED THE FINDINGS AND RECOMMENDATIONS AND HAS IMPLEMENTED PLAN ADJUSTMENTS ACCORDING TO THESE RECOMMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION, DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SUB CONTRACTORS: PROGRAM SERVICE EXPENSES 105,277. MANAGEMENT AND GENERAL EXPENSES 1,549. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,826. PROGRAM SERVICE FEE: PROGRAM SERVICE EXPENSES 1,369. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,369.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE SOLE MEMBER OF THE ORGANIZATION IS LOS ANGELES COUNTY FAIR ASSOCIATION, WHICH MAINTAINS OVERSIGHT FOR THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LOS ANGELES FAIR ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOS ANGELES COUNTY FAIR ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FAIRPLEX CHILD DEVELOPMENT CENTER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.17$1.72$7.45$1.05$1.29$0.25
2023Detailed filing. Detailed filing data is available for this year.$9.24$1.90$7.33$1.02$0.70$0.32
2022Detailed filing. Detailed filing data is available for this year.$8.74$1.85$6.89$2.45$0.40$2.05
2021Detailed filing. Detailed filing data is available for this year.$5.35$0.10$5.25$0.48$0.31$0.18
2020Summary only. Only limited summary data is available for this year.$4.89$0.20$4.69$0.23$0.29$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.91$0.08$4.83$1.14$0.90$0.23
2018Detailed filing. Detailed filing data is available for this year.$4.49$0.22$4.27$1.20$0.66$0.55
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.12$3.88$3.12$0.99$2.13
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.62$1.66$1.56$1.99$0.43
2015Detailed filing. Detailed filing data is available for this year.$2.34$0.32$2.02$2.34$1.73$0.61
2014Detailed filing. Detailed filing data is available for this year.$1.86$0.45$1.41$2.05$1.51$0.53
2013Detailed filing. Detailed filing data is available for this year.$0.95$0.07$0.88$1.28$1.09$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.06$0.69$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.11$0.58$0.63
2010Summary only. Only limited summary data is available for this year.$0.52$0.25$0.27$0.65$0.65$0.00