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Nonprofiteer
← LOS ANGELES PARKS FOUNDATION

Form 990 for tax year 2023

Filed by LOS ANGELES PARKS FOUNDATION.

Totals

Total revenue
$1,703,135
Total expenses
$2,323,843
Contributions and grants received
$1,586,811
Grants paid
$570,097
Program service revenue
$0
Investment income
$140,506
Other revenue
-$24,182
Total assets, end of year
$4,935,209
Total liabilities, end of year
$81,493
Net assets or fund balances, end of year
$4,853,716
Program services expenses (Part IX)
$1,570,999
Management and general expenses
$455,999
Fundraising expenses
$296,845
Program service expenses (Part III)
$1,570,999

Program services were 67.6% 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.

  • 1c · Fundraising events

    $101,696

  • 1e · Government grants (contributions)

    $70,350

  • 1f · All other contributions, gifts and grants

    $1,414,765

  • 3 · Investment income

    total $138,947 · excluded $138,947

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,863,144

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

    securities $4,861,585

  • 7c · Gain or loss

    securities $1,559

  • 7d · Net gain or loss

    total $1,559 · excluded $1,559

  • 8a · Fundraising events: gross income

    $7,046

  • 8a · Fundraising events: contributions included on line 1c

    $101,696

  • 8b · Fundraising events: direct expenses

    $31,228

  • 8c · Net income from fundraising events

    total -$24,182 · excluded -$24,182

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $570,097 · program services $570,097

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $355,696 · program services $131,002 · management and general $70,287 · fundraising $154,407

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $204,029 · program services $75,144 · management and general $40,317 · fundraising $88,568

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $16,835 · program services $6,005 · management and general $3,710 · fundraising $7,120

  • 10 · Payroll taxes

    total $50,924 · program services $18,165 · management and general $11,223 · fundraising $21,536

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $75,767 · management and general $75,767

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $562,147 · program services $456,369 · management and general $93,028 · fundraising $12,750

  • 12 · Advertising and promotion

    total $69,410 · program services $40,388 · management and general $29,022

  • 13 · Office expenses

    total $31,110 · program services $2,651 · management and general $19,439 · fundraising $9,020

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,528 · program services $1,897 · management and general $463 · fundraising $168

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $15,919 · program services $6,433 · management and general $9,486

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $12,776 · program services $0 · management and general $12,776 · fundraising $0

  • 23 · Insurance

    total $26,886 · management and general $26,886

  • 24a · Other expenses: SUPPLIES/EQUIPMENT

    total $143,221 · program services $129,375 · management and general $13,845 · fundraising $1

  • 24b · Other expenses: BANK CHARGES

    total $30,454 · management and general $30,454

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $78,172 · program services $75,071 · management and general $3,101

  • 24d · Other expenses: TAX PERMITS & LICENSES

    total $7,926 · program services $6,155 · management and general $1,771

  • 24e · All other expenses

    total $69,946 · program services $52,247 · management and general $14,424 · fundraising $3,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $838,707 · end of year $475,581

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,551 · end of year $3,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,946 · end of year $17,831

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

    $232,206

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

    $194,806

  • 10c · Land, buildings and equipment, net

    beginning of year $55,426 · end of year $37,400

  • 11 · Investments: publicly traded securities

    beginning of year $4,705,407 · end of year $4,395,378

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,303 · end of year $5,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $309,508 · end of year $76,240

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,303 · end of year $5,253

  • 27 · Net assets without donor restrictions

    beginning of year $1,707,479 · end of year $1,619,644

  • 28 · Net assets with donor restrictions

    beginning of year $3,590,050 · end of year $3,234,072

Mission and programs · 2023

Mission

TO ENHANCE, EXPAND, PRESERVE AND PROMOTE PUBLIC RECREATION, PARKS AND OPEN SPACE FOR THE DIVERSE PEOPLE OF LOS ANGELES.

  • "SPECIAL PROJECTS PROGRAMS" SUPPORTING THE LOS ANGELES CITY PARKS INCLUDE THE FOLLOWING SIGNIFICANT PROJECTS: LOS ANGELES CLIPPERS BASKETBALL COURTS REFURBISHMENT; NIKE COACH AND REFEREE TRAINING FOR GIRLS YOUTH SPORTS; WERNER FAMILY FOUNDATION PLAYGROUND DONATION. ANGEL CITY FOOTBALL CLUB SUPPORTING GIRLS PLAY LOS ANGELES AND CODING/ROBOTICS PROGRAM AT EXPO RECREATION CENTER.

    Expenses $1,139,654 · Grants $567,097

  • The Adopt a Park program partners with local businesses, family foundations, schools, and corporate brands who invest $25,000 or more during a year to meet identified needs that can directly benefit a city park. Past projects funded by park adoptions include a basketball court and baseball diamond resurfacing, funding for sports equipment and youth scholarships, program funding for dance and fitness classes, park benches, water fountains, and other needed improvements.

    Expenses $96,566

  • In 2023, the Park Events program funded enhancements of parks for RAP (Los Angeles Recreation and Parks Department), including the following: 1) A traffic study within Griffith Park to measure the impact of traffic and reduce or eliminate cut-through traffic through the park, calm traffic through the park, and separate active transportation facilities from automobile traffic, and 2) Consultants to prepare a RAP 10-year Strategic Plan.

    Expenses $89,121

  • OTHER PROGRAMS - SEE SCHEDULE O DESCRIPTION

    Expenses $245,658 · Grants $3,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony G Budrovich

    EXECUTIVE DIRECTOR, SECRETARY

    Total calculated
    $131,800
    From this org
    $130,000
    From related orgs
    $0
    Other
    $1,800
    Hours/week
    40

  • Justin Yoshimaru

    Deputy Director

    Total calculated
    $124,336
    From this org
    $118,733
    From related orgs
    $0
    Other
    $5,603
    Hours/week
    40

  • Carolyn Ramsay

    EXECUTIVE DIRECTOR, SECRETARY

    Total calculated
    $99,560
    From this org
    $94,871
    From related orgs
    $0
    Other
    $4,689
    Hours/week
    35

  • David Galaviz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David McGowan

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barry A Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Booth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Shull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Safran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmel Sella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Candy Spelling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Nickoll

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Debora Vrana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mia Lehrer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Saul

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Halper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Werner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • SMG DBA THE GREEK THEATRE

    $335,000

    To fund improvements to the Greek Theater, an outdoor concert venue located in and operated by Griffith Park

  • City of Los Angeles Board of Recreation and Park C

    $176,597

    preserve the land for the City of Los Angeles

  • Travel Town Museum Foundation

    $50,000

    support the Travel Town Museum

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349315836

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