Forever Balboa Park
- Assets
- $11.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 56
- Location
- San Diego, CA
- Founding
- 06/1999
- Data as of
- 06/2023
- EIN
- 33-0849518
Organization Overview
Forever Balboa Park is located in San Diego, CA. The organization was established in 1999. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2023, Forever Balboa Park employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forever Balboa Park 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 06/2023, Forever Balboa Park generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. 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
TO SUSTAIN, ENVISION, AND ENHANCE BALBOA PARK FOR ALL IN PARTNERSHIP WITH THE CITY OF SAN DIEGO AND IN COLLABORATION WITH OTHER ORGANIZATIONS IN THE PARK AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALBOA PARK VISITORS CENTER: RETAIL OPERATIONS AND GUEST SERVICESTHE BALBOA PARK VISITORS CENTER INFORMS, EDUCATES, AND SERVES OVER 600,000 VISITORS ANNUALLY. THE LARGEST VISITOR CENTER IN THE REGION, THE PARKS VISITORS CENTER IS SUPPORTED BY MULTILINGUAL STAFF AND VOLUNTEERS WITH DIVERSE BACKGROUNDS, WHO ARE TRAINED TO PROMOTE PARKWIDE INSTITUTIONS AND ACTIVITIES AND TO PROVIDE FREE AND CUSTOM TOURS, MAPS, AND INFORMATION. THE VISITORS CENTER OPERATES A GIFT STORE TO OFFSET THE COST OF VISITOR SERVICES AND SELLS ESSENTIAL VISITOR AMENITIES ALONG WITH PARK MULTI-MUSEUM PASSES, AND ZOO TICKETS.
DOROTHEA LAUB BALBOA PARK CAROUSELTHE BALBOA PARK CAROUSEL (THE CAROUSEL) WAS CONSTRUCTED IN 1910 DURING THE GOLDEN AGE OF CAROUSELS (C.1880 1920) BY THE HERSCHELL-SPILLMAN COMPANY OF NORTH TONAWANDA, NEW YORK, AND WAS PERMANENTLY MOVED TO THE PARK IN 1922. DESIGNATED AS A HISTORICAL RESOURCE, THE CAROUSEL IS A CLASSIC WOOD CAROUSEL OF THE MENAGERIE TYPE, FEATURING ORIGINAL HAND-PAINTED FIGURES. AFTER ACQUIRING THE CAROUSEL IN 2017, THE ORGANIZATION HAS MADE SIGNIFICANT STRUCTURAL AND HISTORIC RESTORATIONS OF THE CAROUSEL ITSELF, AND OF THE HISTORIC BUILDING IN WHICH IT IS HOUSED, THE MOST RECENT OF WHICH WERE COMPLETED IN JULY 2023. THESE RESTORATIONS INCLUDE TWO NEW ROOFS, ROOF BEAM STRUCTURAL REPAIRS, REPAIRS TO THE CLERESTORY WINDOWS AND FRAMES, AND REPAINTING, ALL ADHERING TO RIGOROUS HISTORIC RESTORATION STANDARDS. THE CAROUSEL PROVIDES MORE THAN 125,000 RIDES ANNUALLY TO VISITORS OF ALL AGES.
HOUSE OF HOSPITALITY: HISTORIC FACILITIES, GARDENSTHE ORGANIZATION MAINTAINS AND PRESERVES THE HOUSE OF HOSPITALITY, A NATIONAL HISTORIC LANDMARK BUILDING, PROVIDING CLEAN PUBLIC RESTROOMS, ONGOING FACILITY CARE, AND SECURITY FOR TENANTS AND VISITORS. THE VISITORS CENTER IS HOUSED IN THE HOUSE OF HOSPITALITY, ALONG WITH THE ORGANIZATIONS OFFICES, THE PRADO RESTAURANT, A BALLROOM, MEETING ROOMS, AND OFFICES FOR NONPROFIT CULTURAL AND EDUCATIONAL ORGANIZATIONS OPERATING WITHIN THE PARK. THE HOUSE OF HOSPITALITY SERVES VISITORS NUMBERING OVER 1,000,000 EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Babcock President & CEO | Officer | 40 | $232,591 |
Jacqueline Higgins VP Planning | 40 | $122,650 | |
Sarah Beckman VP Inst Advance | 40 | $123,392 | |
Elizabeth Porter VP Of Finance | Officer | 40 | $93,696 |
Joye Blount Director | Trustee | 5 | $0 |
Sarah Evans Imm Past Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,837 |
| Related organizations | $0 |
| Government grants | $256,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,537,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,826,752 |
| Total Program Service Revenue | $619,889 |
| Investment income | $108,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $904,443 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $423,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,866,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $418,419 |
| Compensation of current officers, directors, key employees. | $201,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,113,367 |
| Pension plan accruals and contributions | $38,681 |
| Other employee benefits | $152,188 |
| Payroll taxes | $123,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,269 |
| Information technology | $46,218 |
| Royalties | $0 |
| Occupancy | $257,872 |
| 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 | $26,640 |
| Insurance | $35,943 |
| All other expenses | $346,654 |
| Total functional expenses | $3,853,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,254 |
| Savings and temporary cash investments | $3,292,401 |
| Pledges and grants receivable | $726,093 |
| Accounts receivable, net | $111,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,249 |
| Prepaid expenses and deferred charges | $11,495 |
| Net Land, buildings, and equipment | $548,035 |
| Investments—publicly traded securities | $2,892,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,018,314 |
| Total assets | $11,495,056 |
| Accounts payable and accrued expenses | $692,977 |
| Grants payable | $0 |
| Deferred revenue | $1,670 |
| 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 | $253,413 |
| Total liabilities | $948,060 |
| Net assets without donor restrictions | $4,975,822 |
| Net assets with donor restrictions | $5,571,174 |
| 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 | $11,495,056 |