Civic Intelligence

The Torch Foundation

990 • Fiscal year 2021 • EIN 95-4816158

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2023

Organization ProfileN/A
3435 Wilshire Blvd 14th FloorLos Angeles, CA 90010

(424) 258-0188

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

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

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

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

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

26th percentile

$44,042

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

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

Asset Growth

94th percentile

88%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

43rd percentile

6.9%

Faster revenue growth than 43% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$5,221,066

Up $2,446,511 (+88%) from 2020

Net Assets

Up

$5,220,466

Up $2,463,238 (+89%) from 2020

Liabilities

Down

$600

Down $16,727 (-97%) from 2020

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin97th percentile

Revenue

Up

$2,912,332

Up $188,990 (+6.9%) from 2020

Expenses

Up

$297,665

Up $57,698 (+24%) from 2020

Net Income

Up

$2,614,667

Up $131,292 (+5.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $12,895Liabilities 2012: $02012Assets 2013: $11,780Liabilities 2013: $02013Assets 2014: $86,672Net Assets 2014: $86,6722014Assets 2015: $155,129Liabilities 2015: $1492015Assets 2016: $153,908Liabilities 2016: $02016Assets 2017: $245,235Net Assets 2017: $245,2352017Assets 2018: $327,692Net Assets 2018: $327,6922018Assets 2019: $275,296Net Assets 2019: $275,2962019Assets 2020: $2,774,555Liabilities 2020: $17,327Net Assets 2020: $2,757,2282020Assets 2021: $5,221,066Liabilities 2021: $600Net Assets 2021: $5,220,4662021Assets 2022: $4,949,901Liabilities 2022: $0Net Assets 2022: $4,949,9012022Assets 2023: $4,916,076Liabilities 2023: $12,400Net Assets 2023: $4,903,6762023

Highlighted filing

2021

Assets$5,221,066
Liabilities$600
Net Assets$5,220,466
Open 2021 Filing

Operations Trend

Revenue Growth43rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $10,770Expenses 2012: $14,856Net Income 2012: -$4,0862012Revenue 2013: $2,081Expenses 2013: $3,196Net Income 2013: -$1,1152013Revenue 2014: $75,779Expenses 2014: $887Net Income 2014: $74,8922014Revenue 2015: $27,667Expenses 2015: $52,227Net Income 2015: -$24,5602015Revenue 2016: $22,511Expenses 2016: $123,583Net Income 2016: -$101,0722016Revenue 2017: $189,435Expenses 2017: $97,808Net Income 2017: $91,6272017Revenue 2018: $157,442Expenses 2018: $74,985Net Income 2018: $82,4572018Revenue 2019: $175,533Expenses 2019: $227,929Net Income 2019: -$52,3962019Revenue 2020: $2,723,342Expenses 2020: $239,967Net Income 2020: $2,483,3752020Revenue 2021: $2,912,332Expenses 2021: $297,665Net Income 2021: $2,614,6672021Revenue 2022: $257,013Expenses 2022: $508,498Net Income 2022: -$251,4852022Revenue 2023: $162,480Expenses 2023: $485,675Net Income 2023: -$323,1952023

Highlighted filing

2021

Revenue$2,912,332
Expenses$297,665
Net Income$2,614,667
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2023
Return Version
2021v4.0
Gross Receipts
$4,462,332
Mission and Program Overview

Mission

Transformational training for under-privileged

Transformational training for under-privileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$4,268,310-
Land, Buildings, and Equipment, Net$2,511,042$525,403▼ $1,985,639
Savings and Temporary Cash Investments$203,113$337,531▲ $134,418
Cash and Non-Interest-Bearing Accounts$60,400$89,822▲ $29,422
Total Assets$2,774,555$5,221,066▲ $2,446,511
Liabilities
Unsecured Notes Loans Payable$17,327--
Accounts Payable and Accrued Expenses-$600-
Other Liabilities-$0-
Total Liabilities$17,327$600▼ $16,727
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,757,228$5,220,466▲ $2,463,238
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,757,228$5,220,466▲ $2,463,238
Total Liabilities and Net Assets / Fund Balance$2,774,555$5,221,066▲ $2,446,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$525,403$24,597$550,000
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlton WatsonPresident & CEOFT$44,042$44,042

Board Members and Trustees

NameTitle
Michael ChaingChair
Darryl WarrenBoard Member
Jane Wang GarzonaBoard Member
Michael ChiangBoard Member
Juliet WhiteSecretary
Niloufer PablaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,822,248
Program Service Revenue
$0
Investment Income
$83,009
Other Revenue
$7,075
All Other Contributions
$2,804,921
Change in Net Assets
$2,614,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,912,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$270,001
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,182,333
Total Revenue per Form 990
$2,912,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$189,541
Other Expenses$108,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,923$32,952-$130,875
Current Officers, Directors, Trustees, and Key Employees$32,952$11,089-$44,041
Fees for Services Other$43,250$664-$43,914
Occupancy-$15,365-$15,365
Payroll Taxes$10,628$3,741-$14,369
Depreciation Depletion-$12,833-$12,833
Insurance-$11,141-$11,141
All Other Expenses-$9,155-$9,155
Fees for Services Accounting-$6,460-$6,460
Office Expenses$258$4,143-$4,401
Information Technology$2,506$343-$2,849
Fees for Services Legal-$1,785-$1,785
Other Employee Benefits-$256-$256
Advertising$221--$221
Total Functional Expenses$187,738$109,927$0$297,665

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$297,665
Total Expenses per Audited Statements$297,665
Total Expenses per Form 990$297,665
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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 B, Line 11B

“The 990 is reviewed at the board of directors meeting.”

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

“The organization regularly and consistently monitors and enforce compliance with the policy through the review of disclosure forms.”

Form 990, Part VI, Section C, Line 19

“The form 990 is available to the public via guidestar.”

Filing and Contact Details

Filer

Filer Name
Torch Foundation
EIN
95-4816158
Phone
4242580188
Address
3435 WILSHIRE BLVD 14TH FLOOR, LOS ANGELES, CA 90010

Signing Officer

Name
Carlton Watson
Title
President & CEO
Phone
4242580188
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Chaing
Formed
2002
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
3
Volunteers
23

Preparer

Firm
Easy Office Dba Jitasa
Address
1120 S RACKHAM WAY SUITE 300, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

“The organization is amending 2021 form 990 to report audited financials.”

Form 990, Part IX, Line 11G

“Payroll service training fee, consultation fee, professional services - other.”

Form 990, Part XI, Line 9

“To adjust net assets beginning balance with audited financial statements.”

Form 990, Part XII, Line 1

“The organization changed accounting method to better reflect the nature of income and expenses.”

Financial Statement Notes

Schedule D, Part X, Line 2

“The organization has received tax-exempt status from the internal revenue service and california franchise tax board under section 501(c)(3) of the internal revenue code and section 23701(d) of the revenue and taxation code, respectively. The organization recognizes the financial statement benefit of these tax positions, such as the filing status of tax-exempt, only after determining that the relevant tax authority would more likely than not sustain the position following an audit. The organization is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and california state purposes is generally three and four years, respectively. There was no taxable unrelated business income during the year-ended december 31, 2021.”

Raw XML AppendixShowing 400 of 497 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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IRS990/Desc0TORCH TEEN TRAINING PROGRAM - THE TORCH FOUNDATION OFFERS TRANSFORMATIONAL LEADERSHIP WORKSHOPS FOR TEENS, AGES 13-17. THE TWO-DAY WORKSHOPS ARE TAILORED TO THE UNIQUE INTERESTS AND NEEDS OF TEENS, AND THEY PROVIDE A SAFE, ENGAGING, AND INSPIRATIONAL ENVIRONMENT FOR PROFOUND SELF-DISCOVERY AND GROWTH. THROUGH CAREFULLY GUIDED EXERCISES AND ACTIVITIES, THE TEENS WILL 1) DISCOVER THEIR MAXIMUM POTENTIAL; 2) IDENTIFY THE LIMITING BELIEFS AND OTHER OBSTACLES THAT ARE STOPPING THEM FROM ACHIEVING THEIR POTENTIAL, AND 3) LEARN EFFECTIVE WAYS TO OVERCOME THOSE OBSTACLES. THE POWERFUL TOOLS AND SKILLS GAINED THROUGH THIS EXPERIENCE WILL ALLOW THE TEENS TO TRANSFORM THEIR LIVES AND CREATE UNLIMITED POSSIBILITIES FOR THEMSELVES, THEIR FAMILIES, AND THE WORLD.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0256
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt04075
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032952
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097923
IRS990/OtherSalariesAndWagesGrp/TotalAmt0130875
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03741
IRS990/PayrollTaxesGrp/ProgramServicesAmt010628
IRS990/PayrollTaxesGrp/TotalAmt014369
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL CHAING
IRS990/PriorPeriodAdjustmentsAmt01375
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02705484
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01100
IRS990/PYOtherExpensesAmt0120912
IRS990/PYOtherRevenueAmt016758
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02483375
IRS990/PYSalariesCompEmpBnftPaidAmt0119055
IRS990/PYTotalExpensesAmt0239967
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02723342
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02614667
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt03000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0203113
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0337531
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt060448
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt092283
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0252731
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER RELATED REVENUE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02822247
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02705484
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0173583
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0154942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt086716
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05942972
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01100
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03263
IRS990ScheduleA/InvestmentIncomeCYPct00.00055
IRS990ScheduleA/InvestmentIncomePYPct00.00034
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04075
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04075
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95629
IRS990ScheduleA/PublicSupportPY509Pct00.94039
IRS990ScheduleA/PublicSupportTotal509Amt05690241
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt060448
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt092283
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0252731
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02822247
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02705484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0173583
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0154942
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt086716
IRS990ScheduleA/Total509Grp/TotalAmt05942972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02828485
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02706584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0173583
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0154942
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt086716
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05950310
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/BuildingsGrp/BookValueAmt0525403
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024597
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0550000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0297665
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0270001
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt0270001
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02912332
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF THESE TAX POSITIONS, SUCH AS THE FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE ORGANIZATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. THERE WAS NO TAXABLE UNRELATED BUSINESS INCOME DURING THE YEAR-ENDED DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0525403
IRS990ScheduleD/TotalExpensesPerForm990Amt0297665
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02912332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03182333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0297665
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS AMENDING 2021 FORM 990 TO REPORT AUDITED FINANCIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED AT THE BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCE COMPLIANCE WITH THE POLICY THROUGH THE REVIEW OF DISCLOSURE FORMS.

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,221,066
Liabilities
$600
Net assets
$5,220,466
Revenue
$2,912,332
Expenses
$297,665
Net income
$2,614,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.92$0.01$4.90$0.16$0.49$0.32
2022Detailed filing. Detailed filing data is available for this year.$4.95$0.00$4.95$0.26$0.51$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.00$5.22$2.91$0.30$2.61
2020Detailed filing. Detailed filing data is available for this year.$2.77$0.02$2.76$2.72$0.24$2.48
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.28$0.18$0.23$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.33$0.16$0.07$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.25$0.19$0.10$0.09
2016Summary only. Only limited summary data is available for this year.$0.15$0.00$0.02$0.12$0.10
2015Summary only. Only limited summary data is available for this year.$0.16$0.00$0.03$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.08$0.00$0.07
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.01$0.00