Pacifica Foundation Inc
- Assets
- $3.8m
- Revenue
- $11.3m
- Investments
- $685.2k
- Employees
- 141
- Location
- Los Angeles, CA
- Founding
- 04/1958
- Data as of
- 09/2021
- EIN
- 94-1347046
Organization Overview
Pacifica Foundation Inc, operating under the name Pacifica Foundation Radio, is located in Los Angeles, CA. The organization was established in 1958. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Pacifica Foundation Radio employed 141 individuals. This organization is the central organization for a national or regional group of organizations. Pacifica Foundation Radio 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 09/2021, Pacifica Foundation Radio generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.5m during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
LISTENER-SUPPORTED, NON-COMMERCIAL, EDUCATION AND COMMUNITY PUBLIC RADIO ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PACIFICA FOUNDATION OWNS AND OPERATES FIVE NON-COMMERCIAL RADIO STATIONS, AND PROVIDES COPIES OF RADIO PROGRAMS TO OTHER NON-COMMERCIAL RADIO STATIONS, SCHOOLS, COLLEGES, UNIVERSITIES, AND OTHER INDIVIDUALS. THE FOUNDATION PROVIDES ARCHIVED MATERIALS FROM HISTORICAL EVENTS, PREVIOUS PACIFICA FOUNDATION RADIO PROGRAMS, AND EVENTS TO OTHER COMMERCIAL AND NON-COMMERCIAL MEDIA COMPANIES, SCHOOLS, COLLEGES, UNIVERSITIES, AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Steinberg Chair | OfficerTrustee | 2 | $0 |
Sandra Rawline Vice Chair | OfficerTrustee | 2 | $0 |
Polina Vasiliev Secretary | OfficerTrustee | 2 | $0 |
Chris Cory Treasurer | OfficerTrustee | 2 | $0 |
Vanessa Dixon-Briggs Board Member | Trustee | 2 | $0 |
Lynden Foley Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neta Accounting/hr | 9/29/21 | $332,365 |
Alpert Barr & Grant Legal | 9/29/21 | $105,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,569,687 |
| Investment income | $3,461 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,332,839 |
| Statement of Expenses | |
|---|---|
| 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. | $51,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,625,585 |
| Pension plan accruals and contributions | $65,439 |
| Other employee benefits | $1,165,416 |
| Payroll taxes | $419,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $548,491 |
| Fees for services: Accounting | $476,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $740,100 |
| Advertising and promotion | $15,955 |
| Office expenses | $894,749 |
| Information technology | $201,206 |
| Royalties | $0 |
| Occupancy | $347,455 |
| Travel | $28,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $284,887 |
| Interest | $215,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,244 |
| Insurance | $219,313 |
| All other expenses | $0 |
| Total functional expenses | $11,538,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,179 |
| Savings and temporary cash investments | $665,380 |
| Pledges and grants receivable | $104,573 |
| 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 | $30,901 |
| Prepaid expenses and deferred charges | $14,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $685,164 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,002 |
| Total assets | $3,771,697 |
| Accounts payable and accrued expenses | $1,600,846 |
| 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 | $3,165,000 |
| Unsecured mortgages and notes payable | $247,500 |
| Other liabilities | $0 |
| Total liabilities | $5,013,346 |
| Net assets without donor restrictions | -$2,114,312 |
| Net assets with donor restrictions | $872,663 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$1,241,649 |