Flourish Foundation
- Assets
- $92.4k
- Revenue
- $545.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-1668273
Organization Overview
Flourish Foundation is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flourish Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Flourish Foundation generated $545.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $522.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Flourish Foundation has awarded 169 individual grants totaling $938,394. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLOURISH ACADEMIC AWARDS-----------------------------------------------------------------------------THE FOUNDATION HAS AWARDED $41,293 IN TUITION GRANTS TO INDIVIDUAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Rosenthal President | 0 | $0 | |
Phil Rosenthal Vice President | 0 | $0 | |
Jackelyn Lopez Director | 40 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $545,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $545,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $239,879 |
| Pension plans, employee benefits | $7,390 |
| Interest | $0 |
| Taxes | $28,601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15 |
| Printing and publications | $0 |
| Other expenses | $95,253 |
| Total operating and administrative expenses | $481,138 |
| Contributions, gifts, grants paid | $41,293 |
| Total expenses and disbursements | $522,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,356 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,356 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Flourish Foundation has awarded $118,568 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AWOKE PURPOSE: TO SUPPORT SFHS DJ CLUB AND UNITE WORKSHOP SERIES | $10,000 |
JOHN MARSHALL HIGH PURPOSE: TO PARTIALLY FUND SONGWRITING CLASS | $5,000 |
THE UNUSUAL SUSPECTS PURPOSE: TO SUPPORT YOUTH THEATRE RESIDENCY PROGRAMS | $5,000 |
LADIES OF HIP-HOP PURPOSE: TO SUPPORT LADIES OF HIP HOP FESTIVAL | $20,000 |
THE OUTKAST ACADEMY PURPOSE: TO PROVIDE MENTORSHIP AND FOOD & FAMILY AID PROGRAMS | $5,000 |
NICKERSON - ROSSI DANCE PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $15,000 |