Skip to content
Nonprofiteer
← LURIA FOUNDATION

Form 990 for tax year 2023

Filed by LURIA FOUNDATION.

Totals

Total revenue
$930,325
Total expenses
$1,301,713
Contributions and grants received
$1,375
Grants paid
$1,032,484
Program service revenue
$0
Investment income
$329,263
Other revenue
$599,687
Total assets, end of year
$11,818,781
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,818,781
Program services expenses (Part IX)
$1,032,484
Management and general expenses
$269,229
Fundraising expenses
$0
Program service expenses (Part III)
$1,032,484

Program services were 79.3% 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

    $1,375

  • 3 · Investment income

    total $327,899 · excluded $327,899

  • 6a · Gross rents

    real property $665,830

  • 6b · Less rental expenses

    real property $89,823

  • 6c · Rental income or loss

    real property $576,007

  • 6d · Net rental income or loss

    total $576,007 · excluded $576,007

  • 7a · Gross sales of assets other than inventory

    securities $153,824

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

    securities $152,460

  • 7c · Gain or loss

    securities $1,364

  • 7d · Net gain or loss

    total $1,364 · excluded $1,364

  • 11a · Other revenue: FROM K-1: REALTY LINK

    total $25,649 · excluded $25,649

  • 11b · Other revenue: FROM K-1: SC NMB RETAI

    total $1,361 · excluded $1,361

  • 11c · Other revenue: SALES AND USE TAX REFU

    total $1,035 · excluded $1,035

  • 11d · All other revenue

    total -$4,365 · excluded -$4,365

  • 11e · Other revenue, total

    $23,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,032,484 · program services $1,032,484

  • 11a · Fees: management

    total $176,983 · management and general $176,983

  • 11c · Fees: accounting

    total $15,728 · management and general $15,728

  • 11f · Fees: investment management

    total $14,896 · management and general $14,896

  • 14 · Information technology

    total $865 · management and general $865

  • 16 · Occupancy

    total $53,307 · management and general $53,307

  • 23 · Insurance

    total $4,089 · management and general $4,089

  • 24a · Other expenses: FEDERAL TAXES

    total $1,000 · management and general $1,000

  • 24b · Other expenses: FOREIGN TAXES

    total $685 · management and general $685

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $551 · management and general $551

  • 24d · Other expenses: CALIFORNIA TAXES

    total $500 · management and general $500

  • 24e · All other expenses

    total $625 · management and general $625

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $518,354 · end of year $285,982

  • 2 · Savings and temporary cash investments

    beginning of year $44,506 · end of year $109,983

  • 5 · Loans and receivables from officers and key people

    beginning of year $14,339 · end of year $18,055

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

    $6,636,706

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

    $1,324,855

  • 10c · Land, buildings and equipment, net

    beginning of year $5,401,674 · end of year $5,311,851

  • 11 · Investments: publicly traded securities

    beginning of year $2,890,722 · end of year $3,340,469

  • 12 · Investments: other securities

    beginning of year $2,873,456 · end of year $2,752,441

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,743,051 · end of year $11,818,781

Mission and programs · 2023

Mission

TO MAKE CONTRIBUTIONS TO EXEMPT ORGANIZATIONS.

Activities or mission (Part I)

TO MAKE CONTRIBUTIONS TO EXEMPT ORGANIZATIONS

  • MUSIC ACADEMY OF THE WEST - TO SUPPORT 1) SCHOLARSHIP PROGRAMS AND 2) THE DAY TO DAY GENERAL OPERATIONS OF THE ACADEMY.

    Expenses $181,000 · Grants $181,000

  • SANTA BARBARA MUSEUM OF ART - TO HELP COVER THE COSTS OF VARIOUS EXHIBITS.

    Expenses $604,934 · Grants $604,934

  • SANTA BARBARA JEWISH FEDERATION - TO PROVIDE FINANCIAL ASSISTANCE TO THE FEDERATION FOR VARIOUS EXHIBITS AND PROGRAMS.

    Expenses $190,000 · Grants $190,000

  • SANTA BARBARA CITY COLLEGE FOUNDATION - TO PROVIDE FUNDING FOR: 1) FULL TIME LIBRARY RESIDENT 2) PRESIDENT'S COUNCIL 3) PRESIDENT'S SCHOLARSHIP 4) JAPANESE LANGUAGE SCHOLARSHIP 5) KOREAN LANGUAGE 6) CAMPAIGN FOR STUDENT SUCCESS.

    Expenses $56,550 · Grants $56,550

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

Listed in Part VII

  • Karen Luria-Budgor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brady Bowman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lauren Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Joan Rothenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Maurice Singer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Diane Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mindy Budgor

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Adam Budgor

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0

  • Ted Friedel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Paul Guido

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Scott Vincent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jeanne Towles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202421359349311517

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.