Hollywood Park Foundation
- Assets
- $669.6k
- Revenue
- $843.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Inglewood, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2830686
Organization Overview
Hollywood Park Foundation is located in Inglewood, CA. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Park 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, Hollywood Park Foundation generated $843.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.7% each year . All expenses for the organization totaled $736.5k during the year ending 12/2022. 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
PROMOTE THE HEALTH, EDUCATION, AND WELFARE OF INDIVIDUALS AND COMMUNITIES IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLLYWOOD PARK FOUNDATION PROMOTES THE HEALTH, EDUCATION, AND WELFARE OF INDIVIDUALS AND COMMUNITIES IN INGLEWOOD AND GREATER LOS ANGELES COUNTY, CA. IT PROVIDES YOUTH DEVELOPMENT SERVICES THAT HELP YOUNG PEOPLE GROW INTO HEALTHY, EDUCATED, AND PRODUCTIVE ADULTS.THE FOUNDATION EXHIBITED THE KINSEY AFRICAN AMERICAN ART AND HISTORY COLLECTION, WHICH IS CONSIDERD ONE OF THE LARGEST AND MOST COMPREHENSIVE OF ITS KIND. CURATED BY KHALIL KINSEY AND HISTORIAN LARRY EARL, THE EXHIBITION FOCUSES ON THE LIVES AND ACCOMPLISHMENTS FROM THE 16TH CENTURY THROUGH THE YEARS OF SLAVERY AND EMANCIPATION TO THE CIVIL RIGHTS MOVEMENT AND MODERN-DAY.
IN CONJUNCTION WITH LA BOWL, A COLLEGE BOWL GAME, THE FOUNDATION PROVIDED SCHOLARSHIPS AND DONATIONS TO STUDENTS, TEACHERS, AND CHARITABLE ORGANIZATIONS LOCAL TO THE CITY OF INGLEWOOD AND GREATER LOS ANGELES COUNTY. THROUGH THESE DONATIONS THE FOUNDATION WAS ABLE TO FURTHER PROMOTE THE IMPROVEMENT OF EDUCATION IN THE LOCAL COMMUNITY IN LINE WITH THE FOUNDATION'S PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Witt Executive Director | OfficerTrustee | 1 | $0 |
Marlene Nations Vice President | OfficerTrustee | 1 | $0 |
Randal Curtis Secretary | OfficerTrustee | 1 | $0 |
Roberto Martinez Treasurer | OfficerTrustee | 1 | $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 | $470,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,927 |
| Total Program Service Revenue | $366,443 |
| Investment income | $0 |
| 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 | $6,569 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $843,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $810 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,277 |
| Advertising and promotion | $132,655 |
| 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 | $11,917 |
| All other expenses | $14,244 |
| Total functional expenses | $736,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $113,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,425 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $669,606 |
| Accounts payable and accrued expenses | $86,560 |
| 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 | $179,828 |
| Total liabilities | $266,388 |
| Net assets without donor restrictions | $403,218 |
| 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 | $669,606 |