Pearlman Geller Family Foundation
- Assets
- $26.8m
- Revenue
- $1.0m
- Investments
- $4.5m
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 06/1990
- Data as of
- 12/2023
- EIN
- 95-4261597
Organization Overview
Pearlman Geller Family Foundation is located in Pacific Palisades, CA. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearlman Geller Family 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 12/2023, Pearlman Geller Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pearlman Geller Family Foundation has awarded 290 individual grants totaling $9,502,605. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO PUBLIC CHARITIES- SEE PART XV OF THIS RETURN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Geller President | 0 | $0 | |
Suzanne Geller Secretary | 10 | $194,274 | |
Charles Pearlman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $111,763 |
| Dividends & Interest | $182,046 |
| Net Rental Income | $344,118 |
| Net Gain on Sale of Assets | $98,109 |
| Capital Gain Net Income | $98,109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,870 |
| Total Revenue | $1,040,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,274 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,669 |
| Depreciation | $247,097 |
| Occupancy | $8,548 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,742 |
| Total operating and administrative expenses | $561,180 |
| Contributions, gifts, grants paid | $1,375,000 |
| Total expenses and disbursements | $1,936,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,014 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,560,757 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $10,188,155 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,510,964 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,481,175 |
| Total assets | $26,844,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,400 |
| Total liabilities | $18,400 |
Grants Awarded
Over the last fiscal year, Pearlman Geller Family Foundation has awarded $1,375,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BET TZEDEK PURPOSE: GENERAL FUND | $10,000 |
BEAUTY BUS FOUNDATION PURPOSE: GENERAL FUND | $100,000 |
CATHOLIC CHARITIES OF EASTERN OKLAHOMA PURPOSE: GENERAL FUND | $5,000 |
CATHOLIC CHARITIES OF LOS ANGELES PURPOSE: GENERAL FUND | $5,000 |
CHRYSALIS CENTER PURPOSE: GENERAL FUND | $100,000 |
CITY OF HOPE PURPOSE: GENERAL FUND | $250,000 |