Civic Intelligence

Long Beach Rotary Scholarship Foundation Inc.

990 • Fiscal year 2011 • EIN 95-6070198

Jul 01, 2010 to Jun 30, 2011 • Filed on Mar 12, 2012

1119 Queens Highway No 10390802-6390
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.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

93rd percentile

40%

Faster asset growth than 93% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$7,320,084

Up $2,091,129 (+40%) from 2010

Net Assets

Up

$7,306,404

Up $2,091,129 (+40%) from 2010

Liabilities

Flat

$13,680

Flat from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$280,117

Up $54,738 (+24%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,228,955Liabilities 2010: $13,680Net Assets 2010: $5,215,2752010Assets 2011: $7,320,084Liabilities 2011: $13,680Net Assets 2011: $7,306,4042011Assets 2012: $7,278,106Liabilities 2012: $13,680Net Assets 2012: $7,264,4262012Assets 2013: $7,847,054Liabilities 2013: $38,980Net Assets 2013: $7,808,0742013Assets 2014: $8,670,819Liabilities 2014: $68,380Net Assets 2014: $8,602,4392014Assets 2015: $8,531,108Liabilities 2015: $13,680Net Assets 2015: $8,517,4282015Assets 2016: $8,530,314Liabilities 2016: $13,680Net Assets 2016: $8,516,6342016Assets 2017: $9,044,281Liabilities 2017: $16,432Net Assets 2017: $9,027,8492017Assets 2018: $9,456,525Liabilities 2018: $25,587Net Assets 2018: $9,430,9382018Assets 2019: $9,904,874Liabilities 2019: $13,822Net Assets 2019: $9,891,0522019Assets 2020: $10,157,138Liabilities 2020: $14,463Net Assets 2020: $10,142,6752020Assets 2021: $12,880,762Liabilities 2021: $13,680Net Assets 2021: $12,867,0822021Assets 2022: $11,370,327Liabilities 2022: $14,190Net Assets 2022: $11,356,1372022Assets 2023: $12,082,062Liabilities 2023: $20,944Net Assets 2023: $12,061,1182023Assets 2024: $13,352,066Liabilities 2024: $17,980Net Assets 2024: $13,334,0862024

Highlighted filing

2011

Assets$7,320,084
Liabilities$13,680
Net Assets$7,306,404

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $225,3792010Expenses 2011: $280,1172011Expenses 2012: $347,0032012Expenses 2013: $346,2282013Revenue 2014: $516,358Expenses 2014: $364,567Net Income 2014: $151,7912014Revenue 2015: $712,365Expenses 2015: $430,110Net Income 2015: $282,2552015Revenue 2016: $1,050,246Expenses 2016: $448,078Net Income 2016: $602,1682016Revenue 2017: $349,475Expenses 2017: $458,406Net Income 2017: -$108,9312017Revenue 2018: $514,968Expenses 2018: $491,486Net Income 2018: $23,4822018Revenue 2019: $633,023Expenses 2019: $451,237Net Income 2019: $181,7862019Revenue 2020: $767,509Expenses 2020: $467,630Net Income 2020: $299,8792020Revenue 2021: $755,009Expenses 2021: $528,266Net Income 2021: $226,7432021Revenue 2022: $663,271Expenses 2022: $540,850Net Income 2022: $122,4212022Revenue 2023: $691,317Expenses 2023: $597,270Net Income 2023: $94,0472023Revenue 2024: $1,110,609Expenses 2024: $652,860Net Income 2024: $457,7492024

Highlighted filing

2011

Revenue-
Expenses$280,117
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Mar 12, 2012
Return Version
2010v3.4
Gross Receipts
$2,855,057
Mission and Program Overview

Mission

To provide financial assistance for achieving students who meet eligibility requirements and attend long beach city college or california state university long beach.

Filing and Contact Details

Filer

EIN
95-6070198
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IRS990ScheduleI/RecipientTable/AddressUS/City0LONG BEACH
IRS990ScheduleI/RecipientTable/AddressUS/City1LONG BEACH
IRS990ScheduleI/RecipientTable/AddressUS/State0CA
IRS990ScheduleI/RecipientTable/AddressUS/State1CA
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode090840
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode190808
IRS990ScheduleI/RecipientTable/AmountOfCashGrant0194250
IRS990ScheduleI/RecipientTable/AmountOfCashGrant130000
IRS990ScheduleI/RecipientTable/EINOfRecipient0956106694
IRS990ScheduleI/RecipientTable/EINOfRecipient1953297459
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSection1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrant0PROVIDE FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH.
IRS990ScheduleI/RecipientTable/PurposeOfGrant1TO SUPPORT THE COLLEGE'S COLLEGE PROMISE SCHOLARSHIP WHICH COVERS FIRST SEMESTER ENROLLMENT FEES FOR ALL LOCAL HIGH SCHOOL GRADUATES WHO ENROLL AT THE COLLEGE THE FALL IMMEDIATELY AFTER GRADUATION.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10CALIFORNIA STATE UNIVERSITY LONG BEACH
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11LONG BEACH CITY COLLEGE FOUNDATION
IRS990ScheduleI/RecordsMaintained01
IRS990/ScheduleJRequired00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction0169508
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0LONG BEACH ROTARY SCHOLARSHIP FOUNDATION RECEIVED AS A DONATION IN 1992 A 50% UNDIVIDED INTEREST IN A PIECE OF INDUSTRIAL PROPERTY IN IRVINE, CALIFORNIA. THE DOUGHERTY COMPANY, OWNED BY A BOARD MEMBER OF LONG BEACH ROTARY SCHOLARSHIP FOUNDATION, OWNS THE OTHER 50%. THE DONATION AGREEMENT PROVIDES FOR THE DOUGHERTY COMPANY TO COLLECT ALL RENTAL INCOME ON THE PROPERTY AND PAY OUT ALL RENTAL EXPENSES, THEN FORWARD THE FOUNDATION THEIR SHARE OF THE NET RENTAL INCOME.
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0CRAIG DOUGHERTY
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0BOARD MEMBER AND OWNER OF DOUGHERTY COMPANY, INC.
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0THE FOUNDATION RECEIVES A COPY OF THE ORGANIZATION'S FORM 990, AS PREPARED BY WINDES & MCCLAUGHRY, WHICH IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING THE DOCUMENT WITH THE IRS. AFTER THE EXECUTIVE BOARD HAS REVIEWED THE FORM AND ANY CHANGES OR UPDATES ARE MADE, THE FINAL COPY OF THE 990 IS ELECTRONICALLY CIRCULATED TO ALL BOARD MEMBERS PRIOR TO FILING THE FORM WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1ANNUALLY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION UPDATES THE CONFLICT OF INTEREST POLICY AND RE-DISTRIBUTES IT TO THE BOARD MEMBERS. BOARD MEMBERS THEN READ AND SIGN THE POLICY. POLICIES ARE THEN COLLECTED FROM THE BOARD MEMBERS AND HELD ON FILE AT THE ROTARY OFFICE. FORM 990,PART VI, LINE 13: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A WHISTLEBLOWER POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation2THE EXECUTIVE DIRECTOR IS COMPENSATED AT AN HOURLY RATE THAT IS SET AND VOTED ON BY THE FULL BOARD OF DIRECTORS. ALL COMPENSATION IS SUPPORTED BY DETAILED TIME SHEETS OUTLINING WORK PERFORMED BY THE EXECUTIVE DIRECTOR ON BEHALF OF THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION'S FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THEY ARE LOCATED AT: LONG BEACH ROTARY SCHOLARSHIP FOUNDATION 1119 QUEENS HIGHWAY, SUITE 103 LONG BEACH, CA 90802
IRS990ScheduleO/GeneralExplanation/Explanation4NET UNREALIZED GAINS ON INVESTMENTS: 569,115.
IRS990ScheduleO/GeneralExplanation/Explanation5THE EXECUTIVE DIRECTOR, COLLEEN BRAGALONE RECEIVES COMPENSATION BUT IS NOT AN EMPLOYEE. SHE WORKS FOR THE ORGANIZATION WHEN SHE IS NEEDED AND GETS PAID HOURLY BASED ON HOURS SHE SETS FOR HERSELF.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier1CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier2BOARD OF DIRECTORS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VII

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.4$0.02$13.3$1.11$0.65$0.46
2023Detailed filing. Detailed filing data is available for this year.$12.1$0.02$12.1$0.69$0.60$0.09
2022Detailed filing. Detailed filing data is available for this year.$11.4$0.01$11.4$0.66$0.54$0.12
2021Detailed filing. Detailed filing data is available for this year.$12.9$0.01$12.9$0.76$0.53$0.23
2020Detailed filing. Detailed filing data is available for this year.$10.2$0.01$10.1$0.77$0.47$0.30
2019Detailed filing. Detailed filing data is available for this year.$9.90$0.01$9.89$0.63$0.45$0.18
2018Detailed filing. Detailed filing data is available for this year.$9.46$0.03$9.43$0.51$0.49$0.02
2017Detailed filing. Detailed filing data is available for this year.$9.04$0.02$9.03$0.35$0.46$0.11
2016Detailed filing. Detailed filing data is available for this year.$8.53$0.01$8.52$1.05$0.45$0.60
2015Detailed filing. Detailed filing data is available for this year.$8.53$0.01$8.52$0.71$0.43$0.28
2014Detailed filing. Detailed filing data is available for this year.$8.67$0.07$8.60$0.52$0.36$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$0.04$7.81$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.28$0.01$7.26$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$0.01$7.31$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$0.01$5.22$0.23