La Palma Community Foundation
- Assets
- $56.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cypress, CA
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 37-1840024
Organization Overview
La Palma Community Foundation is located in Cypress, CA. The organization was established in 2016. According to its NTEE Classification (T31) the organization is classified as: Community 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. LA Palma Community 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, LA Palma Community Foundation generated $16.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE RESIDENTS, STUDENTS, AND COMMUNITY OF LA PALMA, CALIFORNIA AND TO FACILITATE AND PROMOTE COMMUNITY PARTNERSHIPS AND FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3
PROVIDE FOOD FOR LOCAL NEEDY FAMILIES THROUGHOUT THE YEAR AND FUND PROJECTS FOR HOLIDAYS FOR NEEDY FAMILIES.
PROVIDING A SCHOOL RESOURCE OFFICER (SRO) FOR THE SCHOOL. AN SRO IS A SWORN LAW-ENFORCEMENT OFFICER WHO WORKS, EITHER FULL OR PART TIME, IN A SCHOOL SETTING.
POLICE LUNCHES AND CONCERTS IN THE PARK FOR THE LA PALMA COMMUNITY EVERY 15 MINUTES -- THIS IS A PROGRAM THAT WORKS WITH THE LOCAL HIGH SCHOOL TO SHOW WHAT HAPPENS WHEN YOU DRINK AND DRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Steggell President | 2 | $0 | |
Noella Lew Vice Preside | 2 | $0 | |
Sharon Gutjhar Secretary | 2 | $0 | |
Nitesh Patel Treasurer | 2 | $0 | |
Lori Dinwiddie Director | 2 | $0 | |
Sheila Agosto Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,834 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$16,506 |
| Other Revenue | $0 |
| Total Revenue | $16,328 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,843 |
| Other expenses | $7,784 |
| Total expenses | $15,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,521 |
| Other assets | $0 |
| Total assets | $56,521 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,521 |
Grants Awarded
Over the last fiscal year, La Palma Community Foundation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LA PALMA CALIFORNIA PURPOSE: ASSIST WITH FUNDING SCHOOL RESOURCE OFFICER AND AFTER SCHOOL PROGRAMS IN JR AND SR HIGH SCHOOLS | $0 |
SCHOLARSHIP FOUNDATION OF JOHN F KENNEDY HIGH SCHOOL PURPOSE: AWARD A COLLEGE SCHORSHIP TO TWO GRADUATING SENIORS FROM JOHN F KENNEDY HIGH SCHOOL | $0 |