Del Mar Foundaion
- Assets
- $8.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Del Mar, CA
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 95-3718831
Organization Overview
Del Mar Foundaion is located in Del Mar, CA. The organization was established in 1982. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Del Mar Foundaion employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Del Mar Foundaion 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, Del Mar Foundaion generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $243.3k during the year ending 12/2021. While expenses have increased by 0.3% 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
TO PROMOTE CIVIC PRIDE AND COHESIVENESS, ACQUIRE AND PRESERVE OPEN SPACE, IMPROVE BEACHES AND PARKLANDS, RAISE AND GRANT FUNDS, AND SPONSOR DIVERSE CULTURAL PROGRAMS AND COMMUNITY EVENTS IN DEL MAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE DURING 2021: (1)CITY OF DEL MAR: $77,416 (2)DEL MAR COMMUNITY CONNECTIONS: $23,239 (3)ST PETER'S EPISCOPAL CHURCH: $5,761 (4)DEL MAR INTERNATIONAL COMPOSERS SYMPOSIUM: $9,000 (5)OTHER: $4,134TOTAL GRANTS $119,550
A SERIES OF CULTURAL ARTS EVENTS, CONCERTS, AND LECTURES WERE HELD DURING THE YEAR. REVENUES $3,090, EXPENSES $22,451.
THE DOG CALENDAR FEATURES THE WORK OF LOCAL PHOTOGRAPHERS AND THE PETS OF DEL MAR RESIDENTS. REVENUES $26,300, EXPENSES $19,791.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Alan Lonbom Treasurer | OfficerTrustee | 3 | $0 |
Betty Wheeler President | OfficerTrustee | 10 | $0 |
Alice Brown Secretary | OfficerTrustee | 3 | $0 |
Sandra Hoyle Past President | OfficerTrustee | 3 | $0 |
Amanda Allen Director | Trustee | 3 | $0 |
Jeff Barnouw Director | Trustee | 3 | $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 | $178,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,017 |
| Total Program Service Revenue | $39,990 |
| Investment income | $140,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,298,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,254,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,550 |
| 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 | $26,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,285 |
| Travel | $2,184 |
| 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 | $7,375 |
| All other expenses | $26,339 |
| Total functional expenses | $243,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $77,706 |
| 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 | $0 |
| Investments—publicly traded securities | $8,479,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,325 |
| Total assets | $8,744,230 |
| 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 | $3,063 |
| Total liabilities | $3,063 |
| Net assets without donor restrictions | $5,937,784 |
| Net assets with donor restrictions | $2,803,383 |
| 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 | $8,744,230 |
Grants Awarded
Over the last fiscal year, Del Mar Foundaion has awarded $37,934 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Del Mar, CA PURPOSE: WATER PATHS LANDSCAPE, IMPROVEMENTS | $26,407 |
Del Mar, CA PURPOSE: THURSDAY LUNCH PROGRAM | $6,500 |
CITY OF DEL MAR PURPOSE: LIFEGUARDS | $5,027 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Del Mar Foundaion has recieved totaling $18,005.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Harrington Family Foundation Los Altos, CA PURPOSE: COMMUNITY | $5,000 |
Anklesaria Family Foundation Del Mar, CA PURPOSE: EDUCATION | $1,000 |
The Brian Ratner Foundation Shaker Heights, OH PURPOSE: ANNUAL FUND | $1,000 |
James T Nystrom Foundation Brooklyn Park, MN PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $7,323,118 |
| Earnings | $1,036,937 |
| Net Contributions | $119,345 |
| Ending Balance | $8,479,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For A Better Future Inc Sacramento, CA | $12,452,035 | $69,118,422 |
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |