Palos Verdes Estates Foundation
- Assets
- $386.5k
- Revenue
- $427.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Verdes Estates, CA
- Founding
- Data as of
- 06/2021
- EIN
- 38-4135087
Organization Overview
Palos Verdes Estates Foundation is located in Palos Verdes Estates, CA. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Verdes Estates Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO LOCAL NONPROFITS OR GOVERNMENTAL AGENCIES, OR PAYS CONTRACTORS WHO COMPLETE PROJECTS, ALL IN PURSUIT OF THE FOUNDATIONS MISSION. IN THE YEAR ENDED JUNE 30, 2021 THE FOUNDATION 1. PAID CONTRACTORS TO BEAUTIFY THE MEDIAN AT PALOS VERDES ESTATES CITY HALL IN THE AMOUNT OF 60,543, 2. MADE A GRANT TO LUNADA BAY FOUNDATION FOR LANDSCAPING IN THE AMOUNT OF 7,880 AND 3. MADE TWO GRANTS TO THE CITY OF PALOS VERDES ESTATES, ONE IN THE AMOUNT OF 10,000 TO FUND THE PURCHASE OF A DRONE AND ONE FOR 500 FOR FACEMASKS, BOTH GRANTS BEING TO ASSIST THE CITY IN MAINTAINING LOCAL PUBLIC SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcgowan President | OfficerTrustee | 20 | $0 |
Janet Teague Secretary | OfficerTrustee | 10 | $0 |
Barton Gurewitz Chief Financial Officer | OfficerTrustee | 10 | $0 |
Virginia Butler Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,680 |
| Noncash contributions included in lines 1a–1f | $12,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,680 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,380 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,233 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,543 |
| Advertising and promotion | $2,249 |
| Office expenses | $747 |
| Information technology | $4,169 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,090 |
| All other expenses | $0 |
| Total functional expenses | $100,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,721 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $337,878 |
| Total assets | $386,533 |
| Accounts payable and accrued expenses | $5,642 |
| Grants payable | $17,880 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,522 |
| Net assets without donor restrictions | $363,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $386,533 |
Grants Awarded
Over the last fiscal year, Palos Verdes Estates Foundation has awarded $78,923 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF PALOS VERDES ESTATES PURPOSE: CITY HALL MEDIAN BEAUTIFICATION | $60,543 |
CITY OF PALOS VERDES ESTATES PURPOSE: ASSIST IN DRONE PURCHASE | $10,000 |
Palos Verdes Estates, CA PURPOSE: LANDSCAPE BEAUTIFICATION | $7,880 |
CITY OF PALOS VERDES ESTATES PURPOSE: ASSIST IN PUBLIC SAFETY EFFORTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peninsula Open Space Trust Palo Alto, CA | $318,771,213 | $30,206,948 |
Friends Of The Urban Forests San Francisco, CA | $3,974,896 | $3,821,029 |
The East Cut Community Benefit District San Francisco, CA | $5,881,818 | $4,536,554 |
Mission Viejo Environmental Assoc Irvine, CA | $1,825,665 | $3,094,990 |
Friends Of Trees Portland, OR | $2,487,496 | $3,278,068 |
Sierra Buttes Trail Stewardship Quincy, CA | $1,393,434 | $2,184,509 |
Hollywood Beautification Team Hollywood, CA | $4,643,994 | $1,882,716 |
Pacoima Beautiful Pacoima, CA | $1,432,847 | $1,936,426 |
Lake County Umbrella Watershed Council Paisley, OR | $371,645 | $1,294,360 |
Ejewel Foundation Rowland Heights, CA | $11,126,912 | $11,115,731 |
San Francisco Clean City Coalition San Francisco, CA | $2,518,503 | $1,284,494 |
Solve Portland, OR | $3,746,880 | $2,245,258 |