Palos Verdes Estates Foundation
- Assets
- $472.8k
- Revenue
- $473.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Verdes Estates, CA
- Founding
- Data as of
- 06/2022
- EIN
- 38-4135087
Organization Overview
Palos Verdes Estates Foundation is located in Palos Verdes Estates, CA. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Verdes Estates 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 06/2022, Palos Verdes Estates Foundation generated $473.4k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $367.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO LOCAL NONPROFITS OR GOVERNMENTAL AGENCIES, OR PAYS CONTRACTORS WHO COMPLETE PROJECTS, ALL IN PURSUIT OF THE FOUNDATIONS MISSION. IN THE YEAR ENDED JUNE 30, 2022 THE FOUNDATION 1. MADE ONE GRANT TO THE CITY OF PALOS VERDES ESTATES FOR 247,878 TO ASSIST THE PALOS VERDES POLICE DEPARTMENT, 2. PAID CONTRACTORS TO BEAUTIFY THE MEDIAN AT PALOS VERDES ESTATES CITY HALL IN THE AMOUNT OF 103,134, 3. MADE A GRANT TO LUNADA BAY HOA FOR LANDSCAPING IN THE AMOUNT OF 10,000 AND 4. PURSUED OTHER MISSION RELATED PROJECTS IN THE AMOUNT OF 4,224.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcgowan President | OfficerTrustee | 4 | $0 |
Virginia Butler Director | Trustee | 2 | $0 |
Janet Teague Secretary | OfficerTrustee | 2 | $0 |
Barton Gurewitz Chief Financial Officer | OfficerTrustee | 2 | $0 |
Chad Acallister From Jul 2021 Director | Trustee | 2 | $0 |
Julia Parton From Aug 2021 Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $204,008 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,619 |
| Noncash contributions included in lines 1a–1f | $37,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,627 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,000 |
| 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 | $2,604 |
| Fees for services: Accounting | $17,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,749 |
| Advertising and promotion | $0 |
| Office expenses | $3,223 |
| Information technology | $9,994 |
| 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 | $1,181 |
| All other expenses | $0 |
| Total functional expenses | $367,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $1,721 |
| Prepaid expenses and deferred charges | $4,206 |
| 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 | $472,790 |
| Accounts payable and accrued expenses | $4,105 |
| 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 | $4,105 |
| Net assets without donor restrictions | $468,685 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $472,790 |
Grants Awarded
Over the last fiscal year, Palos Verdes Estates Foundation has awarded $361,012 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF PALOS VERDES ESTATES PURPOSE: SEE PART III | $195,000 |
CITY OF PALOS VERDES ESTATES PURPOSE: SEE PART III | $52,878 |
CITY OF PALOS VERDES ESTATES PURPOSE: CITY RESTORATION PROJECTS | $74,250 |
CITY OF PALOS VERDES ESTATES PURPOSE: BEAUTIFICATION PROJECTS | $22,655 |
CITY OF PALOS VERDES ESTATES PURPOSE: GENERAL PROJECTS | $6,229 |
LUNADA BAY HOA PURPOSE: LANDSCAPE BEAUTIFICATION | $10,000 |