Malibu Foundation
- Assets
- $810.0k
- Revenue
- $296.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Beverly Hills, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2551209
Organization Overview
Malibu Foundation is located in Beverly Hills, CA. The organization was established in 2019. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Malibu Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malibu 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 12/2022, Malibu Foundation generated $296.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $471.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Malibu Foundation has awarded 42 individual grants totaling $2,171,372. 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
MALIBU FOUNDATION IS COMMITTED TO THE LONG-TERM REBUILDING OF AREAS AFFECTED BY THE WOOLSEY FIRE. OUR GOAL IS TO ENSURE A CLIMATE RESILIENT COMMUNITY THAT IS SUSTAINABLE. TO ACHIEVE THIS, WE COORDINATE WITH ORGANIZATIONS IN THE PUBLIC SECTOR THAT PROVIDE ECONOMIC DEVELOPMENT, EMOTIONAL SUPPORT, AND ADVOCACY TO HELP US LEVERAGE OUR IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MALIBU FOUNDATION IS A NON-PROFIT ORGANIZATION THAT IS WORKING TO HELP SOUTHERN CALIFORNIA REBUILD AND RECOVER AFTER THE WOOLSEY FIRE. OUR INTERNAL PROGRAMS AND PARTNER ORGANIZATIONS ARE DOING EVERYTHING THEY CAN TO SERVE THE FULL SCOPE OF THE COMMUNITYS NEEDS: HOUSING, JOB PLACEMENT, REBUILDING, WELLNESS, LEGAL ASSISTANCE, ADVOCACY, AND FINANCE. WE ARE ALSO WORKING TO SERVE OUR ENVIRONMENT AND THE BEAUTIFUL FLORA AND FAUNA THAT WERE ALSO AFFECTED BY THE FIRES TO CREATE RESILIENT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelin Weber Executive Dir. | Trustee | 45 | $176,000 |
Joe Flanigan Director | Trustee | 1 | $0 |
Susan Jordan Director | Trustee | 1 | $0 |
Rory Kennedy Director | Trustee | 1 | $0 |
Candace Mckeever Chairman | Trustee | 1 | $0 |
Michaeline Heydari Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,767 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,883 |
| Total Program Service Revenue | $0 |
| Investment income | $24,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,029 |
| Net Income from Fundraising Events | $6,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,272 |
| 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. | $176,000 |
| Compensation of current officers, directors, key employees. | $176,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,956 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,563 |
| Office expenses | $17,003 |
| 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 | $745 |
| Insurance | $2,688 |
| All other expenses | $4,127 |
| Total functional expenses | $471,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,641 |
| Savings and temporary cash investments | $358 |
| 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 | $1,119 |
| Investments—publicly traded securities | $587,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $809,987 |
| 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 | $809,987 |
| Total liabilities and net assets/fund balances | $809,987 |
Grants Awarded
Over the last fiscal year, Malibu Foundation has awarded $35,272 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
5JOURNEYS PURPOSE: Farm Educational Center Project | $22,272 |
EVERWILD LA PURPOSE: EDUCATION SERVICES FOR KIDS | $13,000 |