California Legislative Lgbt Foundation
- Assets
- $289.4k
- Revenue
- $455.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 30-0805115
Organization Overview
California Legislative Lgbt Foundation is located in Sacramento, CA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Legislative Lgbt 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 12/2023, California Legislative Lgbt Foundation generated $455.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $613.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH EVENTS IT HOSTS AND CONTRIBUTIONS IT MAKES TO LIKE-MINDED CHARITIES THE ORGANIZATION EDUCATES PROMOTES AND ENGAGES THE PUBLIC ON ISSUES OF IMPORTANCE TO THE LGBTQ COMMUNITY IN ORDER TO FOSTER CIVIC ENGAGEMENT AND DEVELOP COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 THE ORGANIZATION MADE CONTRIBUTIONS SUPPORTING 5 LIKE-MINDED LGBTQ-RELATED 501C3 ORGANIZATIONS INCLUDING $75,000 TO EQUALITY CALIFORNIA.
IN 2023 THE ORGANIZATION HELD ITS ANNUAL EVENT IN SAN DIEGO HONORED LGBTQ INDIVIDUALS FROM AROUND THE STATE WHO DO OUTSTANDING WORK IN THEIR COMMUNITIES HOSTED PRIDE VISIBILITY EVENTS TOWN HALL MEETINGS FOCUS GROUPS AND RESEARCH ON LGBTQ STATEWIDE ISSUES LEADERSHIP TRAININGS AND FORUMS.
THE LGBTQ FOUNDATION SCHOLARSHIP PROGRAM IS AN INITIATIVE THAT AIMS TO SUPPORT AND EMPOWER LGBTQ+ INDIVIDUALS IN THEIR PURSUIT OF HIGHER EDUCATION. THIS PROGRAM RECOGNIZES THE UNIQUE CHALLENGES FACED BY LGBTQ STUDENTS AND PROVIDES THEM WITH FINANCIAL ASSISTANCE TO ACHIEVE THEIR ACADEMIC GOALS. IN 2023 THE ORGANIZATION PROVIDED SCHOLARSHIPS TO 13 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Eggman President | Officer | 1 | $0 |
Jacob Fraker Secretary Executive Director | Officer | 14 | $45,000 |
Steve Hansen Treasurer | Officer | 1 | $0 |
Chris Ward Vice President | Officer | 1 | $0 |
Cathleen Galgiani Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $377,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,400 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,000 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| 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 | $1,092 |
| Fees for services: Legal | $13,490 |
| Fees for services: Accounting | $5,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,518 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,000 |
| Advertising and promotion | $8,261 |
| Office expenses | $73 |
| Information technology | $772 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $613,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,375 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,375 |
| 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 | $0 |
| 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 | $289,375 |
| Total liabilities and net assets/fund balances | $289,375 |
Grants Awarded
Over the last fiscal year, California Legislative Lgbt Foundation has awarded $117,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLCV EDUCATION FUND PURPOSE: Organization Support | $15,000 |
EQUALITY CALIFORNIA INSTITUTE PURPOSE: Organization Support | $77,500 |
FOUNDATION FOR CAS TECHNOLOGY PURPOSE: Organization Support | $25,000 |