Form 990 for tax year 2024
Filed by LAGUNA BEACH HIGH SCHOOL SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $606,910
- Total expenses
- $521,307
- Contributions and grants received
- $458,107
- Grants paid
- $429,250
- Program service revenue
- $0
- Investment income
- $148,803
- Other revenue
- $0
- Total assets, end of year
- $3,082,216
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,082,216
- Program services expenses (Part IX)
- $444,084
- Management and general expenses
- $77,223
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $444,084
Program services were 85.2% 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
$458,107
-
3 · Investment income
total $92,111 · excluded $92,111
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $645,811
-
7b · Less cost or other basis and sales expenses
securities $589,119
-
7c · Gain or loss
securities $56,692
-
7d · Net gain or loss
total $56,692 · related or exempt $56,692
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $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 $0
-
2 · Grants to domestic individuals
total $429,250 · program services $429,250
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $10,354 · management and general $10,354
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $29 · management and general $29
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,527 · management and general $1,527
-
24a · Other expenses: BROKER TRANSFER FEE
total $57,865 · management and general $57,865
-
24b · Other expenses: SCHOLARSHIP SOFTWARE
total $11,115 · program services $11,115
-
24c · Other expenses: CONVOCATION
total $3,109 · program services $3,109
-
24d · Other expenses: PROFESSIONAL FEES
total $3,050 · management and general $3,050
-
24e · All other expenses
total $5,008 · program services $610 · management and general $4,398
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $50,302 · end of year $39,144
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,784,677 · end of year $3,043,072
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $210,807 · end of year $241,843
-
28 · Net assets with donor restrictions
beginning of year $2,624,172 · end of year $2,840,373
Mission and programs · 2024
Mission
THE FOUNDATION AWARDS SCHOLARSHIP GRANTS TO ASSIST LAGUNA BEACH HIGH SCHOOL GRADUATES IN PURSUING EDUCATIONAL GOALS AT VARIOUS POST HIGH SCHOOL ACADEMIC LEVELS.
-
THE FOUNDATION AWARDS SCHOLARSHIP GRANTS TO ASSIST LAGUNA BEACH HIGH SCHOOL GRADUATES IN PURSING EDUCATIONAL GOALS AT VARIOUS POST HIGH SCHOOL ACADEMIC LEVELS.
Expenses $444,084 · Grants $429,250
As filed on the 2024 return.
Listed in Part VII
-
Frank AronoffFRANK ARONOFF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Diane BabcockDIANE BABCOCK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amanda HortonAMANDA HORTON
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jacquie CohnJACQUIE COHN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kerry RubelKERRY RUBEL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer SweetJENNIFER SWEET
President
- Total calculated
- $0
- Hours/week
- 2.5
-
Marsha AronoffMARSHA ARONOFF
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Mary FegrausMARY FEGRAUS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alix JarrardALIX JARRARD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lori LevineLORI LEVINE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gail OnoderaGAIL ONODERA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris TebbuttCHRIS TEBBUTT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Missy PalinoMISSY PALINO
Vice President
- Total calculated
- $0
- Hours/week
- 2.5
-
Walt LawsonWALT LAWSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Barbara MacgillivrayBARBARA MACGILLIVRAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Debbie NaudeDEBBIE NAUDE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathon CohenJONATHON COHEN
Treasurer
- Total calculated
- $0
- Hours/week
- 2.5
-
Victoria Strombom-GershensonVICTORIA STROMBOM-GERSHENSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eleanor TinerELEANOR TINER
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Kathi TinkessKATHI TINKESS
Past President
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349309045
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