Bellosguardo Foundation Inc
- Assets
- $95.5m
- Revenue
- $644.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Santa Barbara, CA
- Founding
- 10/2015
- Data as of
- 06/2023
- EIN
- 47-1833911
Organization Overview
Bellosguardo Foundation Inc is located in Santa Barbara, CA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Bellosguardo Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellosguardo Foundation Inc 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 06/2023, Bellosguardo Foundation Inc generated $644.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 62.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BELLOSGUARDO FOUNDATION WAS FORMED TO RECEIVE THE HUGUETTE CLARK ESTATE ASSETS, TO OPERATE AS A COMMUNITY CENTER TO PROMOTE THE ARTS. ACTIVITIES INCLUDE COMMUNITY OUTREACH, DONOR DEVELOPMENT, AND THE OPERATION AND MAINTENANCE OF THE COLLECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELLOSGUARDO FOUNDATION OFFERS DOCENT-LED TOURS OF THE HOUSE AND GARDENS, HOSTS MUSICAL PROGRAMMING AND SPONSORS OTHER EDUCATIONAL EVENTS ON THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Nicholson Secretary | OfficerTrustee | 5 | $0 |
Dick Wolf Chair | OfficerTrustee | 5 | $0 |
Stephen Clark Board Member | Trustee | 1 | $0 |
Josh Conviser Board Member | Trustee | 1 | $0 |
Jim Hurley Board Member | Trustee | 1 | $0 |
Robert Lieff Board Member | Trustee | 1 | $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 | $286,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,190 |
| Total Program Service Revenue | $358,407 |
| Investment income | $0 |
| 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 | $644,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,104 |
| Payroll taxes | $26,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,721 |
| Fees for services: Accounting | $9,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,500 |
| Office expenses | $3,041 |
| Information technology | $6,649 |
| 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 | $761 |
| Interest | $1,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,257 |
| Insurance | $153,613 |
| All other expenses | $107,273 |
| Total functional expenses | $1,031,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,563,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $393,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,195,775 |
| Total assets | $95,536,134 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $67,238 |
| Total liabilities | $192,238 |
| Net assets without donor restrictions | $95,343,896 |
| 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 | $95,536,134 |