Pasadena Lions Club Memorial Trust
- Assets
- $2.1m
- Revenue
- $100.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 05/1973
- Data as of
- 06/2022
- EIN
- 23-7281843
Organization Overview
Pasadena Lions Club Memorial Trust is located in Pasadena, CA. The organization was established in 1973. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Lions Club Memorial Trust 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 06/2022, Pasadena Lions Club Memorial Trust generated $100.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $114.4k during the year ending 06/2022. While expenses have increased by 2.6% 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 2016, Pasadena Lions Club Memorial Trust has awarded 34 individual grants totaling $294,944. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CHARITABLE TRUST IS TO DEVOTE AND SUPPLY THE INCOME FROM THE TRUST FUND AND PRINCIPAL EXCLUSIVELY FOR CHARITABLE PURPOSES OR FOR THE BETTERMENT AND WELFARE OF CHILDREN OR OF HANDICAPPED PERSONS, PARTICULARLY PERSONS HANDICAPPED IN SIGHT OR HEARING, EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS DULY AUTHORIZED TO CARRY ON SUCH ACTIVITIES AND WHICH HAVE ESTABLISHED THEIR TAX-EXEMPT STATUS UNDER THE PROVISIONS OF 501(C)(3) AND 501(C)(4) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS MADE TO VARIOUS ORGANIZATIONS OR INDIVIDUALS FOR HEALTH, EDUCATION, AND OTHER ASSISTANCE OF CHILDREN AND HANDICAPPED PERSONS. SEE STATEMENT OF QUALIFICATIONS FOR RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Pomerantz Director | OfficerTrustee | 1 | $0 |
Jhoana Hirasuna Director | OfficerTrustee | 1 | $0 |
Kirit M Dav Chairman | OfficerTrustee | 1 | $0 |
Mitchell Pomerantz Secretary | OfficerTrustee | 1 | $0 |
Ronald C Bailey Treasurer | OfficerTrustee | 1 | $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 | $352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352 |
| Total Program Service Revenue | $0 |
| Investment income | $101,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,291 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,561 |
| Grants and other assistance to domestic individuals. | $5,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,669 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $338 |
| Total functional expenses | $114,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $2,075,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,102,730 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,102,730 |
| 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 | $2,102,730 |
Grants Awarded
Over the last fiscal year, Pasadena Lions Club Memorial Trust has awarded $53,611 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: School supplies for underprivileged | $25,500 |
Pasadena, CA PURPOSE: School supplies for underprivileged | $7,500 |
Monrovia, CA PURPOSE: 1-on-1 teaching to students | $7,500 |
Pasadena, CA PURPOSE: Assist visually impaired to travel | $7,000 |
Pasadena, CA PURPOSE: Pursue golf/explore competitive pay | $6,111 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pasadena Lions Club Memorial Trust has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Academy Of Music For The Blind Monrovia, CA PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH.SUPPORTING EDUCATION FOR BLIND YOUTH. | $6,000 |
Endowment Analysis
| Beg. Balance | $2,287,986 |
| Earnings | -$71,213 |
| Admin Expense | $33,199 |
| Net Contributions | $352 |
| Grants | $81,196 |
| Ending Balance | $2,102,730 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dream Center Foundation A California Non Profit Corporation Los Angeles, CA | $35,184,987 | $26,309,284 |
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |