Del Mar Foundaion
- Assets
- $9.0m
- Revenue
- $613.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Del Mar, CA
- Founding
- 04/1982
- Data as of
- 12/2023
- 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. 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 12/2023, Del Mar Foundaion generated $613.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $330.1k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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.
Since 2015, Del Mar Foundaion has awarded 11 individual grants totaling $141,885. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CIVIC PRIDE AND COHESIVENESS, ACQUIRE AND PRESERVE OPEN SPACE, IMPROVE BEACHS AND PARKLANDS, RAISE AND GRANT FUNDS, AND SPONSORE DIVERSE CULTURAL PROGRAMS AND COMMUNITY EVENTS IN DEL MAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEL MAR INTERNATIONAL COMPOSERS SYMPOSIUM (DMICS) EXISTS TO ENCOURAGE THE SHARING OF NEW MUSICAL IDEAS BETWEEN COMPOSERS, PERFORMERS, AND THE COMMUNITY AND TO PRESENT THE BEST NEW CONCERT MUSIC FROM AROUND THE WORLD IN THE CITY OF DEL MAR.
A SERIES OF CULTURAL ARTS, EVENTS, CONCERTS, AND LECTURES WERE HELD DURING THE YEAR.
GRANTS MADE IN 2023 TO VARIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Wheeler Past President | Trustee | 2.5 | $0 |
K Alan Lonbom Treasurer | OfficerTrustee | 2.5 | $0 |
Jeffery Barnouw Director | Trustee | 2.5 | $0 |
Kathy Grimm Director | Trustee | 2.5 | $0 |
Hylton Lonstein President | OfficerTrustee | 2.5 | $0 |
Julie Maxey-Allison Director | Trustee | 2.5 | $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 | $278,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,521 |
| Total Program Service Revenue | $85,936 |
| Investment income | $171,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,506 |
| 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 | $48,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,755 |
| Fees for services: Accounting | $12,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,175 |
| 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 | $7,722 |
| All other expenses | $6,611 |
| Total functional expenses | $330,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,527 |
| Accounts receivable, net | $2,266 |
| 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 | $8,571,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,978,872 |
| Accounts payable and accrued expenses | $1,093 |
| 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 | $5,363 |
| Total liabilities | $6,456 |
| Net assets without donor restrictions | $2,471,429 |
| Net assets with donor restrictions | $6,500,987 |
| 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 | $8,978,872 |
Grants Awarded
Over the last fiscal year, Del Mar Foundaion has awarded $80,961 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAN DIEGUITO RIVER PARK PURPOSE: WESTERN GATEWAY FINAL DESIGN AND REACH THE BEACH TRAIL DESIGN & PLANS | $24,000 |
DON DIEGO SCHOLARSHIP FOUNDATION PURPOSE: PLANT-EAT-GROW PROGRAM | $8,000 |
THE RED NOSE RUN PURPOSE: RED NOSE RUN | $10,000 |
DEL MAR COMMUNITY CONNECTIONS PURPOSE: 1.TUESDAY LUNCH PROGRAM2. FUNDING FOR DMCC'S ADMINISTRATION OF THE DEL MAR RENTAL ASSISTANCE | $20,600 |
CITY OF DEL MAR PURPOSE: 1. PURCHASE FOR PORTABLE LIGHTING SYSTEM2. REPAIR OF ARTIFICIAL TURF ON CIVIC CENTER OUTDOOR PLAZA3. SIX TORREY PINES PLANTED 4. BEACH MATS & ALL-TERRAIN WHEELCHAIRS5. BRONZE PLAQUES FOR "A RIVER OF TIME" | $18,361 |