Royal Pageant Lofts
- Assets
- $1.1m
- Revenue
- $58.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 04/2011
- Data as of
- 08/2021
- EIN
- 27-1291278
Organization Overview
Royal Pageant Lofts is located in Gilroy, CA. The organization was established in 2011. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Pageant Lofts 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 08/2021, Royal Pageant Lofts generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $58.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN ACTIVITY OF THIS FOUNDATION IS TO ESTABLISH AND RUN A PIGEON MUSEUM. HUNDREDS OF BIRDS ARE ON DISPLAY ALONG WITH ART WORK, ARTIFACTS RELATED TO PIGEON HISTORY AND DEVELOPMENT.
FOUNDATION PROVIDES RENTAL UNITS FOR LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Heppner Foundation Mgr | 30 | $0 | |
Margaret Heppner Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $4,531 |
| Other Income | $53,681 |
| Total Revenue | $58,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $11,559 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,466 |
| Printing and publications | $0 |
| Other expenses | $44,232 |
| Total operating and administrative expenses | $58,217 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $58,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,096 |
| Savings and temporary cash investments | $171,836 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $67,675 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $580,096 |
| Other assets | $4,814 |
| Total assets | $1,059,517 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $329,620 |
| Other liabilities | $0 |
| Total liabilities | $329,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |
San Joaquin County Junior Show And Auction Council Stockton, CA | $530,126 | $2,131,504 |
Butte County Fair Association Gridley, CA | $1,763,823 | $1,978,896 |
Salinas Valley Fair Inc King City, CA | $6,000,712 | $1,626,028 |
Tulare County Junior Livestock Show And Community Fair Porterville, CA | $2,751,501 | $2,048,801 |