Laguna Beach Festival Of Arts Foundation
- Assets
- $2.5m
- Revenue
- $98.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 03/1989
- Data as of
- 09/2022
- EIN
- 33-0349106
Organization Overview
Laguna Beach Festival Of Arts Foundation is located in Laguna Beach, CA. The organization was established in 1989. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Beach Festival Of Arts 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 09/2022, Laguna Beach Festival Of Arts Foundation generated $98.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $126.9k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laguna Beach Festival Of Arts Foundation has awarded 28 individual grants totaling $426,550. 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
TO PRESERVE AND PROMOTE THE FINE ARTS AND OTHER ARTISTIC ENDEAVORS IN AND ABOUT THE CITY OF LAGUNA BEACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO LOCAL TAX-EXEMPT CULTURAL ORGANIZATIONS TO PROMOTE THE FINE ARTS IN AND AROUND THE CITY OF LAGUNA BEACH. GRANTS MADE TO OVER 20 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Earl Treasurer | OfficerTrustee | 1 | $0 |
John Campbell Vice President | OfficerTrustee | 0.3 | $0 |
Jacquie Moffett Secretary | OfficerTrustee | 0.3 | $0 |
Kirsten Whalen Trustee | Trustee | 0.3 | $0 |
Jeff Redeker Trustee | Trustee | 0.3 | $0 |
Jeff Rovner Trustee | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $98,250 |
| 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 | $98,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $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 | $984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,218 |
| Fees for services: Other | $762 |
| 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 | $914 |
| All other expenses | $0 |
| Total functional expenses | $126,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,717 |
| 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 | $2,498,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,546,938 |
| 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 | $2,546,938 |
| 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 | $2,546,938 |
Grants Awarded
Over the last fiscal year, Laguna Beach Festival Of Arts Foundation has awarded $46,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAGUNA OUTREACH FOR COMMUNITY ARTS PURPOSE: Operational Support | $20,000 |
Laguna Beach, CA PURPOSE: Operational Support | $20,000 |
Laguna Beach, CA PURPOSE: Operational Support | $6,000 |
Endowment Analysis
| Beg. Balance | $2,746,664 |
| Earnings | $98,430 |
| Admin Expense | $26,878 |
| Grants | $100,000 |
| Ending Balance | $2,718,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Visions Foundation Malibu, CA | $2,694,700 | $10,872,980 |
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
Hui Noeau Makawao, HI | $6,399,050 | $1,181,820 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |