Lb Charitable Foundation
- Assets
- $49.4m
- Revenue
- $1.5m
- Investments
- $47.4m
- Employees
- 0
- Location
- Escondido, CA
- Founding
- Data as of
- 06/2022
- EIN
- 84-3123162
Organization Overview
Lb Charitable Foundation is located in Escondido, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lb Charitable 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 06/2022, Lb Charitable Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lb Charitable Foundation has awarded 120 individual grants totaling $3,040,560. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS WERE MADE TO MANY ORGANIZATIONS AND INDIVIDUALS TO ASSIST CANCER PATIENTS, THE HOMELESS, VETERANS, DISASTER VICTIMS, INDIVIDUALS WITH SUBSTANCE ABUSE, VICTIMS OF GANGS AND GUN VIOLENCE, CHRISTIAN MINISTRIES, LOCAL FOOD BANKS, HUMANE SOCIETIES AND ANIMAL SHELTERS. SEE STATEMENT 14 FOR THE COMPLETE LIST OF INDIVIDUALS AND ORGANIZATIONS ASSISTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marietta Pugal President & CFO | 35 | $112,391 | |
Jessie Mendoza Board Member | 9 | $88,941 | |
Kenneth Taguinod Board Member | 9 | $87,123 | |
Karen Taguinod Secretary | 27.5 | $87,123 | |
Abdon Pugal VP Of Operation | 22.5 | $83,754 | |
Kristian Taguinod Board Member | 9 | $78,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benito & Company Inc | 6/29/22 | $111,213 |
Edward Jones & Co Lp | 6/29/22 | $0 |
Benito & Company Inc | 6/29/22 | $0 |
Edward Jones & Co Lp | 6/29/22 | $277,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $431 |
| Dividends & Interest | $963,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $578,413 |
| Capital Gain Net Income | $578,413 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,542,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $850,880 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $228,544 |
| Interest | $19 |
| Taxes | $108,850 |
| Depreciation | $14,058 |
| Occupancy | $3,801 |
| Travel, conferences, and meetings | -$443 |
| Printing and publications | $0 |
| Other expenses | $46,794 |
| Total operating and administrative expenses | $1,653,308 |
| Contributions, gifts, grants paid | $1,448,000 |
| Total expenses and disbursements | $3,101,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,872,448 |
| 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 | $12,813 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $47,435,262 |
| Net Land, buildings, and equipment | $59,356 |
| Other assets | $0 |
| Total assets | $49,379,879 |
| Accounts payable and accrued expenses | $99,679 |
| 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 | $99,679 |
Grants Awarded
Over the last fiscal year, Lb Charitable Foundation has awarded $1,448,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
El Cajon, CA PURPOSE: TO PROVIDE EMERGENCY SHELTER FOR AN ADDITIONAL 5 MONTHS IN THE 2021-2022 YEAR FOR HOMELESS FAMILIES | $100,000 |
NEW LIFE PURPOSE: TO PROVIDE SUPERVISED SHELTER AND MEALS TO MEN AND WOMEN RECOVERING FROM ADDICTION | $100,000 |
ARIS ELIJAH PUGAL FOUNDATION PURPOSE: TO PROVIDE FUNDING FOR SCHOLARSHIPS AND GRANTS TO ENRICH THE LIVES OF YOUTH THROUGH ARTS. | $100,000 |
COLLECTIVE CHURCH PURPOSE: FUNDING FOR CHURCH FACILITY, MINISTRY MATERIALS & STAFF | $75,000 |
El Paso, TX PURPOSE: PROVIDE FUNDING FOR CANDLIGHTERS' RANGE OF PROGRAMS TO ENRICH THE LIVES OF CHILDREN WITH CANCER | $50,000 |
AGAPE CHURCH OF SAN DIEGO PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR PLANTING OF HOME CHURCHES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |