Management As A Liberal Art Foundation
- Assets
- $18.9m
- Revenue
- $4.9m
- Investments
- $17.2m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 08/2008
- Data as of
- 03/2023
- EIN
- 26-2487075
Organization Overview
Management As A Liberal Art Foundation is located in Pasadena, CA. The organization was established in 2008. 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. Management As A Liberal Art 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 03/2023, Management As A Liberal Art Foundation generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Pollard Chairman & President | 1 | $2,000 | |
Pik Ngan Yip Treasurer | 1 | $0 | |
Karen Nowicki Director | 1 | $1,000 | |
Paul-Long Lee Foundation Manager | 1 | $0 | |
Jun Shi Director | 1 | $0 | |
Leonard F Kwiatkowski Executive Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,208,420 |
| Interest on Savings | $1,001 |
| Dividends & Interest | $393,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$720,701 |
| Capital Gain Net Income | $661,134 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,400 |
| Total Revenue | $4,884,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,226 |
| Depreciation | $0 |
| Occupancy | $37,077 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211,114 |
| Total operating and administrative expenses | $437,587 |
| Contributions, gifts, grants paid | $1,175,000 |
| Total expenses and disbursements | $1,612,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,747 |
| Savings and temporary cash investments | $1,541,337 |
| 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 | $1,512,599 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,895 |
| Total assets | $18,916,936 |
| Accounts payable and accrued expenses | $5,500 |
| 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 | $142 |
| Total liabilities | $5,642 |
Grants Awarded
Over the last fiscal year, Management As A Liberal Art Foundation has awarded $1,175,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA INSTITUTE OF ADVANCED MANAGEMENT PURPOSE: SUPPORT EDUCATIONAL LEADERSHIP PROGRAM | $50,000 |
DR JINGHUI LIU PURPOSE: SUPPORT EDUCATIONAL LEADERSHIP PROGRAM | $25,000 |
CALIFORNIA INSTITUTE OF ADVANCED MANAGEMENT PURPOSE: SUPPORT EDUCATIONAL LEADERSHIP PROGRAM | $1,100,000 |