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Nonprofiteer
← DIAMOND BAR FUND

Form 990 for tax year 2023

Filed by DIAMOND BAR FUND.

Totals

Total revenue
$3,123,863
Total expenses
$10,869,898
Contributions and grants received
$0
Grants paid
$7,681,426
Program service revenue
$0
Investment income
$2,160,746
Other revenue
$963,117
Total assets, end of year
$251,817,449
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$251,817,449
Program services expenses (Part IX)
$7,681,426
Management and general expenses
$3,188,472
Fundraising expenses
$0
Program service expenses (Part III)
$7,681,426

Program services were 70.7% 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.

  • 3 · Investment income

    total $875,511 · excluded $875,511

  • 7a · Gross sales of assets other than inventory

    securities $23,255,893

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

    securities $21,970,658

  • 7c · Gain or loss

    securities $1,285,235

  • 7d · Net gain or loss

    total $1,285,235 · excluded $1,285,235

  • 11a · Other revenue: Partnership income

    total $963,117 · unrelated business $1,076,245 · excluded -$113,128

  • 11e · Other revenue, total

    $963,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,681,426 · program services $7,681,426

  • 5 · Compensation of officers, directors and key employees

    total $86,537 · management and general $86,537

  • 7 · Other salaries and wages

    total $95,876 · management and general $95,876

  • 8 · Pension plan contributions

    total $8,548 · management and general $8,548

  • 9 · Other employee benefits

    total $10,710 · management and general $10,710

  • 10 · Payroll taxes

    total $11,373 · management and general $11,373

  • 11f · Fees: investment management

    total $2,714,800 · management and general $2,714,800

  • 11g · Fees: other

    total $11,800 · management and general $11,800

  • 13 · Office expenses

    total $28,193 · management and general $28,193

  • 16 · Occupancy

    total $31,138 · management and general $31,138

  • 17 · Travel

    total $4,577 · management and general $4,577

  • 19 · Conferences, conventions and meetings

    total $200 · management and general $200

  • 24a · Other expenses: 990-T income tax

    total $172,200 · management and general $172,200

  • 24b · Other expenses: State taxes

    total $11,500 · management and general $11,500

  • 24c · Other expenses: Dues and subscriptions

    total $1,020 · management and general $1,020

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $565,664 · end of year $755,421

  • 11 · Investments: publicly traded securities

    beginning of year $13,853,401 · end of year $17,755,205

  • 12 · Investments: other securities

    beginning of year $222,778,164 · end of year $233,078,180

  • 15 · Other assets

    beginning of year $197,397 · end of year $228,643

  • 27 · Net assets without donor restrictions

    beginning of year $237,394,626 · end of year $251,817,449

Mission and programs · 2023

Mission

The Diamond Bar Fund is organized exclusively for the benefit of, to perform the functions of, and to carry out the purposes of Tom T. East, Sr. and Alice K. East, and Alice H. East, and Robert C. East Wildlife Foundation ("East Foundation").

Activities or mission (Part I)

The Diamond Bar Fund is organized exclusively to support the East Foundation.

  • The Diamond Bar Fund holds and manages investment assets that will be used for the benefit of and in furtherance of the exempt purposes of East Foundation.

    Expenses $7,681,426 · Grants $7,681,426

As filed on the 2023 return.

Listed in Part VII

  • Richard W Evans Jr

    Director

    Total calculated
    $70,500
    From this org
    $0
    From related orgs
    $70,500
    Other
    $0
    Hours/week
    1 + 5 related

  • Dan Kinsel III

    Director

    Total calculated
    $65,500
    From this org
    $0
    From related orgs
    $65,500
    Other
    $0
    Hours/week
    1 + 5 related

  • Stephen J Kleberg

    Director

    Total calculated
    $65,500
    From this org
    $0
    From related orgs
    $65,500
    Other
    $0
    Hours/week
    1 + 5 related

  • Bryan Wagner

    Director

    Total calculated
    $68,535
    From this org
    $0
    From related orgs
    $68,535
    Other
    $0
    Hours/week
    1 + 5 related

  • Robert Neal Wilkins

    President & CEO

    Total calculated
    $679,142
    From this org
    $0
    From related orgs
    $484,637
    Other
    $194,505
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,337 related
    Bonus
    $0
    Other
    $0 + $300 related
    Deferred
    $0 + $179,604 related
    Nontaxable benefits
    $0 + $14,901 related
    Filer's total
    $0 + $679,142 related

  • Veronica L Paredez

    Director of Finance, Sec, Treas

    Total calculated
    $175,918
    From this org
    $0
    From related orgs
    $157,350
    Other
    $18,568
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,350 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,564 related
    Nontaxable benefits
    $0 + $7,004 related
    Filer's total
    $0 + $175,918 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Part I, Line 3
An independent compensation study is conducted by a compensation consultant for East Foundation, a related organization. The consultant reports directly to East Foundation's Board of Directors. The Board sets the compensation of the CEO.
Part I, Line 4b
East Foundation, a related organization, has established a deferred compensation arrangement under IRC Section 457(f) for Neal Wilkins, President and CEO.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • East Foundation Investments LLC

    Investment management · TX · income $0 · assets $1,000

    Directly controlled by The Diamond Bar Fund

  • CCAAP Fund EF LP

    Investment management · TX · income -$13,747 · assets $11,590,805

    Directly controlled by The Diamond Bar Fund

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202531779349300738

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