Royal Pageant Lofts
- Assets
- $966.2k
- Revenue
- $47.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 04/2011
- Data as of
- 08/2022
- 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 08/2022, Royal Pageant Lofts generated $47.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $57.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 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
2022
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 | -$8,990 |
| Other Income | $56,426 |
| Total Revenue | $47,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $15,142 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,289 |
| Printing and publications | $0 |
| Other expenses | $37,842 |
| Total operating and administrative expenses | $57,323 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $57,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,593 |
| Savings and temporary cash investments | $99,350 |
| 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 | $57,788 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $567,956 |
| Other assets | $4,488 |
| Total assets | $966,175 |
| 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 | $246,165 |
| Other liabilities | $0 |
| Total liabilities | $246,165 |