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Nonprofiteer
← LONG BEACH COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by LONG BEACH COMMUNITY FOUNDATION.

Totals

Total revenue
$6,386,366
Total expenses
$4,375,819
Contributions and grants received
$4,628,510
Grants paid
$3,658,555
Program service revenue
$201,630
Investment income
$1,556,225
Other revenue
$1
Total assets, end of year
$70,015,611
Total liabilities, end of year
$22,234,796
Net assets or fund balances, end of year
$47,780,815
Program services expenses (Part IX)
$3,794,620
Management and general expenses
$467,164
Fundraising expenses
$114,035
Program service expenses (Part III)
$3,794,620

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,628,510

  • 1g · Noncash contributions included above

    $1,316,004

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $201,630 · related or exempt $201,630

  • 3 · Investment income

    total $1,165,226 · excluded $1,165,226

  • 7a · Gross sales of assets other than inventory

    securities $9,411,561

  • 7b · Less cost or other basis and sales expenses

    securities $9,020,562

  • 7c · Gain or loss

    securities $390,999

  • 7d · Net gain or loss

    total $390,999 · excluded $390,999

  • 11a · Other revenue: OTHER INCOME

    total $1 · excluded $1

  • 11e · Other revenue, total

    $1

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,658,555 · program services $3,658,555

  • 5 · Compensation of officers, directors and key employees

    total $183,400 · management and general $93,973 · fundraising $89,427

  • 7 · Other salaries and wages

    total $169,951 · program services $126,209 · management and general $26,078 · fundraising $17,664

  • 8 · Pension plan contributions

    total $4,789 · management and general $4,789

  • 9 · Other employee benefits

    total $2,113 · management and general $2,113

  • 10 · Payroll taxes

    total $25,473 · program services $6,368 · management and general $12,737 · fundraising $6,368

  • 11b · Fees: legal

    total $600 · management and general $600

  • 11c · Fees: accounting

    total $28,379 · management and general $28,379

  • 11f · Fees: investment management

    total $29,054 · management and general $29,054

  • 11g · Fees: other

    total $161,552 · management and general $161,552

  • 12 · Advertising and promotion

    total $576 · fundraising $576

  • 13 · Office expenses

    total $12,099 · management and general $12,099

  • 14 · Information technology

    total $56,877 · management and general $56,877

  • 16 · Occupancy

    total $15,000 · management and general $15,000

  • 17 · Travel

    total $1,500 · management and general $1,500

  • 19 · Conferences, conventions and meetings

    total $12,156 · management and general $12,156

  • 22 · Depreciation, depletion and amortization

    total $775 · management and general $775

  • 23 · Insurance

    total $4,082 · management and general $4,082

  • 24a · Other expenses: MISCELLANEOUS

    total $5,400 · management and general $5,400

  • 24b · Other expenses: PAYROLL FEES

    total $2,695 · program services $2,695

  • 24c · Other expenses: EVENT EXPENSE

    total $793 · program services $793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $871,021 · end of year $673,417

  • 2 · Savings and temporary cash investments

    beginning of year $3,519,985 · end of year $4,142,802

  • 3 · Pledges and grants receivable

    beginning of year $116,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $12,752

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,170

  • 10c · Land, buildings and equipment, net

    beginning of year $1,357 · end of year $582

  • 12 · Investments: other securities

    beginning of year $55,419,847 · end of year $64,738,708

  • 15 · Other assets

    beginning of year $462,752 · end of year $460,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,526 · end of year $8,763

  • 25 · Other liabilities

    beginning of year $18,673,234 · end of year $22,226,033

  • 27 · Net assets without donor restrictions

    beginning of year $31,872,437 · end of year $34,416,841

  • 28 · Net assets with donor restrictions

    beginning of year $9,835,765 · end of year $13,363,974

Mission and programs · 2023

Mission

THE LONG BEACH COMMUNITY FOUNDATION INITIATES POSITIVE CHANGE FOR LONG BEACH THROUGH CHARITABLE GIVING, STEWARDSHIP AND STRATEGIC GRANTMAKING.

Activities or mission (Part I)

THE LONG BEACH COMMUNITY FOUNDATION FUNCTIONS AS A LEADER FOR POSITIVE CHANGE.

  • DISTRIBUTE GRANTS TO ELIGIBLE NONPROFIT AGENCIES AND GOVERNMENT SUBDIVISIONS AS RECOMMENDED BY THE FOUNDATION'S BOARD OF DIRECTORS, DONOR ADVISORS, AND CREATORS OF SPECIAL PURPOSE CHARITABLE FUNDS AND ENDOWMENTS. MOST GRANTS ARE INTENDED TO BENEFIT CHARITABLE PROGRAMS WITHIN THE CITY OF LONG BEACH.

    Expenses $3,794,620 · Grants $3,658,555 · Revenue $201,630

As filed on the 2023 return.

Listed in Part VII

  • FRANK NEWELL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • SUZANNE NOSWORTHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • KEVIN PETERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BRYCE CULLINANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARY DELONG

    CFO

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BOB FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK GUILLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNETTE KASHIWABARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • YAIR KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVE KEESAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUDY ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSAN WISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARCELLE EPLEY

    PRESIDENT & CEO

    Total calculated
    $183,400
    From this org
    $177,308
    From related orgs
    $0
    Other
    $6,092
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $177,308
    Bonus
    $0
    Other
    $0
    Deferred
    $5,319
    Nontaxable benefits
    $773
    Filer's total
    $183,400

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LBCF PROPERTIES FOUNDATION

    501(C)(3) · SUPPORT LONG BEACH COMMUNITY FOUNDATION · CA · controlled entity

    Directly controlled by LONG BEACH COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443179349308149

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