David And Elita Balfour Foundation
- Assets
- $343.0k
- Revenue
- $51.6k
- Investments
- $313.6k
- Employees
- 0
- Location
- San Marino, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3971742
Organization Overview
David And Elita Balfour Foundation is located in San Marino, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David And Elita Balfour 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, David And Elita Balfour Foundation generated $51.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $21.0k during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING FOR SUCH PUPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Balfour President | 1 | $0 | |
Elita Balfour Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,349 |
| Capital Gain Net Income | $30,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,054 |
| Contributions, gifts, grants paid | $18,995 |
| Total expenses and disbursements | $21,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,361 |
| Savings and temporary cash investments | $0 |
| 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 | $313,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $342,996 |
| Accounts payable and accrued expenses | $433 |
| 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 | $433 |
Grants Awarded
Over the last fiscal year, David And Elita Balfour Foundation has awarded $18,995 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SONG FOR CHARLIE PURPOSE: GENERAL | $100 |
ARLINGTON GARDEN IN PASADENA PURPOSE: GENERAL | $100 |
HARVARD WESTLAKE SCHOOL PURPOSE: GENERAL | $100 |
LA CASITA FOUNDATION PURPOSE: GENERAL | $500 |
BALBOA ISLAND IMPROVEMENT ASSSOCIAT PURPOSE: GENERAL | $65 |
LOYOLA HIGH SCHOOL PURPOSE: GENERAL | $700 |