Long Beach Community Foundation
- Assets
- $70.3m
- Revenue
- $10.4m
- Investments
- $65.9m
- Employees
- 6
- Location
- Long Beach, CA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-5054010
Organization Overview
Long Beach Community Foundation is located in Long Beach, CA. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Long Beach Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Beach Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Long Beach Community Foundation generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Long Beach Community Foundation has awarded 665 individual grants totaling $26,320,995. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LONG BEACH COMMUNITY FOUNDATION USES ITS COMMUNITY KNOWLEDGE AND PHILANTHROPIC RESOURCES TO FUNCTION AS A LEADER FOR POSITIVE CHANGE. ITS ASSETS INCLUDE CHARITABLE FUNDS MANAGED AS AN ENDOWED POOL OF INVESTMENTS. EARNINGS ON INVESTED ASSETS ARE DISTRIBUTED AS GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE GRANTS TO ELIGIBLE NONPROFIT AGENCIES AND GOVERNMENT SUBDIVISIONS ASRECOMMENDED BY THE FOUNDATION'S BOARD OF DIRECTORS, DONOR ADVISORS, AND CREATORS OFSPECIAL PURPOSE CHARITABLE FUNDS AND ENDOWMENTS. MOST GRANTS ARE INTENDED TO BENEFITCHARITABLE PROGRAMS WITHIN THE CITY OF LONG BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcelle Epley President & CEO | Officer | 40 | $161,947 |
Donita Joseph CFO | OfficerTrustee | 2 | $0 |
Gary Delong Chairman | OfficerTrustee | 2 | $0 |
Robert Stemler Director | OfficerTrustee | 2 | $0 |
Annette Kashiwabara Secretary | OfficerTrustee | 2 | $0 |
Kevin Peterson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,074,056 |
| Noncash contributions included in lines 1a–1f | $341,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,074,056 |
| Total Program Service Revenue | $182,808 |
| Investment income | $842,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,336,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,436,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,574,875 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,805 |
| Compensation of current officers, directors, key employees. | $85,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,412 |
| Payroll taxes | $25,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $23,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,778 |
| Fees for services: Other | $25,967 |
| Advertising and promotion | $3,463 |
| Office expenses | $14,204 |
| Information technology | $26,951 |
| Royalties | $0 |
| Occupancy | $4,950 |
| Travel | $4 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,885 |
| Interest | $663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $775 |
| Insurance | $3,764 |
| All other expenses | $0 |
| Total functional expenses | $5,195,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,092 |
| Savings and temporary cash investments | $3,683,050 |
| Pledges and grants receivable | $2,828 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $65,929,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $445,105 |
| Total assets | $70,296,685 |
| Accounts payable and accrued expenses | $2,839 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,480,383 |
| Total liabilities | $20,483,222 |
| Net assets without donor restrictions | $40,283,360 |
| Net assets with donor restrictions | $9,530,103 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,296,685 |
Grants Awarded
Over the last fiscal year, Long Beach Community Foundation has awarded $4,785,759 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: GENERAL SUPPORT/LEADERSHIP PROGRAM | $686,714 |
Los Angeles, CA PURPOSE: USC GOULD SCHOOL OF LAW | $605,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $425,615 |
Washington, DC PURPOSE: LATINO CENTER | $400,000 |
Long Beach, CA PURPOSE: GENERAL SUPPORT | $199,000 |
Lake City, MI PURPOSE: GENERAL SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Long Beach Community Foundation has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: OTHER | $50,000 |
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $25,000 |
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $6,153,040 |
| Earnings | $886,444 |
| Admin Expense | $101,108 |
| Net Contributions | $6,103,936 |
| Grants | $125,831 |
| Ending Balance | $12,916,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |