Hollywood Partnership Ventures
- Assets
- $675.2k
- Revenue
- $694.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Hollywood, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-0858125
Organization Overview
Hollywood Partnership Ventures is located in Hollywood, CA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Partnership Ventures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLLYWOOD PARTNERSHIP VENTURES (DBA HOLLYWOOD PARTNERSHIP COMMUNITY TRUST(HPCT)) IS A 501(C)(3) NON-PROFIT, LAUNCHED IN 2022 AS AN AFFILIATE OF THE HOLLYWOOD PARTNERSHIP. THROUGH DONOR CONTRIBUTIONS, GRANTS, SPONSORSHIPS, CONTRACTS FOR SERVICE, AND ENTERPRISE PROGRAMS, HPCT AGGREGATES FUNDS TO INVEST IN THE BETTERMENT OF THE HOLLYWOOD COMMUNITY AND ACCELERATE IMPLEMENTATION OF STRATEGIC PLANS, PROJECTS AND INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOAL 3 STAKEHOLDER ENGAGEMENT: PRODUCTION OF PRIDE VILLAGE, A FREE STREET FAIR IN PARTNERSHIP WITH LA PRIDE PARADE.
GOAL 2 PLACE ENHANCEMENT: INSTALLATION OF TREE LIGHTS ON HOLLYWOOD BOULEVARD.
GOAL 1 PLACE MANAGEMENT: UPFRONT COSTS FOR THE OPENING OF THE HOLLYWOOD PARTNERSHIP COMMUNITY DISPATCH CENTER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Welliver Executive Dir. | Trustee | 40 | $91,795 |
Drew Planting Chair | OfficerTrustee | 1 | $0 |
Chase Gordon Vice-Chair | OfficerTrustee | 1 | $0 |
Bill Humphrey Past-Chair | Trustee | 1 | $0 |
Vaughn Davis Treasurer | OfficerTrustee | 1 | $0 |
Tony Zimbardi Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $282,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,252 |
| Total Program Service Revenue | $152,419 |
| 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 | $165,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,171 |
| 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. | $91,795 |
| Compensation of current officers, directors, key employees. | $91,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,672 |
| Other employee benefits | $5,656 |
| Payroll taxes | $7,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $306 |
| Fees for services: Accounting | $2,540 |
| 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 | $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 | $685 |
| All other expenses | $321 |
| Total functional expenses | $622,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,186 |
| Accounts payable and accrued expenses | $19,343 |
| Grants payable | $0 |
| Deferred revenue | $172,348 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $411,803 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $603,494 |
| Net assets without donor restrictions | $67,692 |
| Net assets with donor restrictions | $4,000 |
| 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 | $675,186 |