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Nonprofiteer
← LAGUNA BEACH COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by LAGUNA BEACH COMMUNITY FOUNDATION.

Totals

Total revenue
$125,668
Total expenses
$786,463
Contributions and grants received
$119,130
Grants paid
$763,013
Program service revenue
$6,538
Investment income
$0
Other revenue
$0
Total assets, end of year
$911,477
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$911,477
Program services expenses (Part IX)
$769,551
Management and general expenses
$16,912
Fundraising expenses
$0
Program service expenses (Part III)
$769,551

Program services were 97.8% 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

    $119,130

  • 2a · Program service revenue: Asset Management Fees

    total $6,538 · related or exempt $6,538

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $763,013 · program services $763,013

  • 11a · Fees: management

    total $6,538 · program services $6,538

  • 11c · Fees: accounting

    total $15,905 · management and general $15,905

  • 23 · Insurance

    total $1,007 · management and general $1,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,572,272 · end of year $911,477

  • 27 · Net assets without donor restrictions

    beginning of year $1,572,272 · end of year $911,477

Mission and programs · 2022

Mission

The Laguna Beach Community Foundation strengthens our community by encouraging philanthropy. We provide expertise and resources to assist local charities, connect donor passions with nonprofit needs, and work with local professional advisors in assisting their clients in giving now and beyond their lifetimes with a legacy gift.

  • Terry Smith Trust Fund & Wayne L Peterson Trust Fund:In 2021, the Foundation was the recipient of a large testamentary gift. The donors left instructions for the Foundation as to how to distribute the funds to certain 501(c)(3) organizations.In 2022, following the instructions left by the donors, we distributed $651,632 from the Terry Smith Trust and the Wayne L Peterson Trust Funds to Laguna College of Art and Design ($524,632), Pomona College ($68,000), St. Mary's Episcopal Church ($34,000) and Seaside Legal Services ($25,000).

    Expenses $658,170 · Grants $651,632 · Revenue $6,538

  • Laguna COVID-19 Relief Fund:Thanks to philanthropic leaders of the Laguna Beach community, LBCF partnered with the Boys and Girls Club to raise nearly half a million dollars to support members of the community, be they residents or local employees, affected by the COVID-19 pandemic. $441,000 was distributed to nearly 1000 people in need. In 2022, the organization also contributed over $111,000 to Charities Aid Foundation America.

    Expenses $111,381 · Grants $111,381

  • To establish and maintain charitable funds to promote philanthropy.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Fletcher

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Mech

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tom Davis

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303129349304660

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

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