Humangood Foundation South
- Assets
- $40.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Duarte, CA
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 91-1931309
Organization Overview
Humangood Foundation South, operating under the name Begroup Foundation, is located in Duarte, CA. The organization was established in 2002. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Begroup Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Begroup 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 12/2021, Begroup Foundation generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Begroup Foundation has awarded 57 individual grants totaling $2,941,359. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP OLDER ADULTS LIVE THEIR BEST LIVES POSSIBLE, HOWEVER THEY DEFINE IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF HUMANGOOD FOUNDATION SOUTH (THE "FOUNDATION") IS TO DEVELOP, INVEST AND ADMINISTER FUNDS TO PROVIDE RESIDENTIAL AND NURSING HOME CARE ON BEHALF OF THE RESIDENTS OF FACILITIES OF HUMANGOOD SOCAL, WHICH IS A RELATED 501(C)(3) ORGANIZATION. THE FOUNDATION'S PRINCIPAL ACTIVITY IS TO ADMINISTER SUCH FUNDS UNDER TRUST AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Young Jr Vice Chair | OfficerTrustee | 0.5 | $0 |
Charlotte Martinelli Secretary | OfficerTrustee | 0.5 | $0 |
Carolyn Downey Chair | OfficerTrustee | 0.5 | $0 |
John H Cochrane III President/chief Executive Officer | Officer | 0.5 | $0 |
Fleming Meng Chief Information Officer | Officer | 0.5 | $0 |
Daniel Ogus Chief Operating Officer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $317,535 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,004,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,322,301 |
| Total Program Service Revenue | $0 |
| Investment income | $971,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,188,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,482,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $586,912 |
| Grants and other assistance to domestic individuals. | $1,286,481 |
| 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 | $235,176 |
| Pension plan accruals and contributions | $11,065 |
| Other employee benefits | $28,179 |
| Payroll taxes | $12,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,387 |
| Fees for services: Other | $17,559 |
| Advertising and promotion | $0 |
| Office expenses | $1,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $186 |
| Total functional expenses | $2,584,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,944,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,048 |
| Total assets | $40,897,501 |
| Accounts payable and accrued expenses | $80,205 |
| Grants payable | $0 |
| 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 | $1,684,146 |
| Total liabilities | $1,764,351 |
| Net assets without donor restrictions | $10,908,449 |
| Net assets with donor restrictions | $28,224,701 |
| 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 | $40,897,501 |
Grants Awarded
Over the last fiscal year, Humangood Foundation South has awarded $497,786 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: SUPPORT OF BENEVOLENCE NEEDS AND CAPITAL NEEDS | $439,966 |
Glendale, CA PURPOSE: SUPPORT OF BENEVOLENCE NEEDS AND CAPITAL NEEDS | $44,145 |
Glendale, CA PURPOSE: SUPPORT OF BENEVOLENCE NEEDS AND CAPITAL NEEDS | $13,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Humangood Foundation South has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Dr Harry Z Marx & Ruth M Marx Foundation La Jolla, CA PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $25,863,000 |
| Earnings | $2,544,000 |
| Net Contributions | $2,650,000 |
| Grants | $2,832,000 |
| Ending Balance | $28,225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Palolo Chinese Home Honolulu, HI | $34,098,800 | $20,295,958 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Holly Hill Rhf Housing Inc Long Beach, CA | $13,821,718 | $11,879,105 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |