Providence Little Company Of Mary Foundation
- Assets
- $121.0m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 51-0224944
Organization Overview
Providence Little Company Of Mary Foundation is located in Torrance, CA. The organization was established in 1975. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Little Company Of Mary 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 12/2021, Providence Little Company Of Mary Foundation generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenya Beckmann Regional Chief Philanthropy Officer | OfficerTrustee | 25 | $0 |
John Colich Secretary | OfficerTrustee | 1 | $0 |
Kathleen Eckert Vice Chair | OfficerTrustee | 1 | $0 |
Mark Paullin Treasurer | OfficerTrustee | 1 | $0 |
Rich Severa MD Board Chair | OfficerTrustee | 1 | $0 |
Caroline Burke Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,378 |
| Related organizations | $3,464,268 |
| Government grants | $1,603,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,228,240 |
| Noncash contributions included in lines 1a–1f | $127,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,487,755 |
| Total Program Service Revenue | $0 |
| Investment income | $2,800,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $360,608 |
| Net Gain/Loss on Asset Sales | $2,502,024 |
| Net Income from Fundraising Events | -$134,505 |
| Net Income from Gaming Activities | $14,555 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,031,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000,465 |
| 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 | $1,230,817 |
| Pension plan accruals and contributions | $16,528 |
| Other employee benefits | $0 |
| Payroll taxes | $75,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,479 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291,641 |
| Fees for services: Other | $1,629,483 |
| Advertising and promotion | $2,295 |
| Office expenses | $45,938 |
| Information technology | $1,323 |
| Royalties | $0 |
| Occupancy | $141 |
| Travel | $1,235 |
| 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 | $152,515 |
| Insurance | $0 |
| All other expenses | $3,176 |
| Total functional expenses | $8,531,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,341,211 |
| Pledges and grants receivable | $14,912,038 |
| 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 | $90,000 |
| Net Land, buildings, and equipment | $1,805,533 |
| Investments—publicly traded securities | $91,571,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,315,854 |
| Total assets | $121,035,875 |
| Accounts payable and accrued expenses | $151,725 |
| Grants payable | $0 |
| Deferred revenue | $285,425 |
| 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 | $398,890 |
| Total liabilities | $836,040 |
| Net assets without donor restrictions | $48,677,235 |
| Net assets with donor restrictions | $71,522,600 |
| 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 | $121,035,875 |
Grants Awarded
Over the last fiscal year, Providence Little Company Of Mary Foundation has awarded $7,420,446 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Renton, WA PURPOSE: SUPPORT OPERATIONS | $7,092,629 |
Renton, WA PURPOSE: SUPPORT OPERATIONS | $300,000 |
San Pedro, CA PURPOSE: SUPPORT OPERATIONS | $20,000 |
Renton, WA PURPOSE: SUPPORT OPERATIONS | $7,817 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Providence Little Company Of Mary Foundation has recieved totaling $643,574.
| Awarding Organization | Amount |
|---|---|
Long Beach Nonprofit Partnership Long Beach, CA PURPOSE: BEST START | $467,549 |
California Association Of Food Banks Oakland, CA PURPOSE: TO END HUNGER IN CALIFORNIA | $107,775 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $60,750 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $7,500 |
Endowment Analysis
| Beg. Balance | $46,189,484 |
| Earnings | $8,831,582 |
| Net Contributions | $1,132,655 |
| Other Expense | $834,579 |
| Ending Balance | $55,319,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |