Grand Vision Foundation
- Assets
- $955.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 25
- Location
- San Pedro, CA
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 95-4554570
Organization Overview
Grand Vision Foundation is located in San Pedro, CA. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Grand Vision Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Vision 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, Grand Vision Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $957.1k during the year ending 06/2022. While expenses have increased by 9.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INCLUSIVE PERFORMING ARTS EVENTS AND MUSIC EDUCATION TO OUR DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAND VISION ACTIVITIES INCLUDE PROVIDING MARKETING, SPECIAL EVENTS AND OTHER SUPPORT TO WARNER GRAND THEATRE, A HISTORIC 1931 MOVIE PALACE, PRESENTING CONCERTS AND OTHER PERFORMING ARTS EVENTS AT THE GRAND ANNEX, AND PRODUCING ADULT AND YOUTH MUSIC EDUCATION PROGRAMS THAT SERVE OUR COMMUNITY'S LOWER INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott J Donnelly President | OfficerTrustee | 1 | $0 |
Fred Allen Vice-President | OfficerTrustee | 5 | $0 |
Aaron Aalcides Director | Trustee | 1 | $0 |
George Harris Director | Trustee | 1 | $0 |
Daniel Hom Treasurer | OfficerTrustee | 1 | $0 |
Robert Farrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,298 |
| Total Program Service Revenue | $145,764 |
| Investment income | $3,415 |
| 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 | $24,368 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,312,845 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $487,149 |
| Pension plan accruals and contributions | $7,167 |
| Other employee benefits | $4,504 |
| Payroll taxes | $41,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,071 |
| Advertising and promotion | $16,881 |
| Office expenses | $20,675 |
| Information technology | $6,136 |
| Royalties | $1,162 |
| Occupancy | $6,984 |
| Travel | $689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,071 |
| Insurance | $23,382 |
| All other expenses | $92,896 |
| Total functional expenses | $957,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,469 |
| Savings and temporary cash investments | $456,055 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,415 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,819 |
| Prepaid expenses and deferred charges | $20,233 |
| Net Land, buildings, and equipment | $91,437 |
| Investments—publicly traded securities | $70,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $955,919 |
| Accounts payable and accrued expenses | $1,484 |
| Grants payable | $0 |
| Deferred revenue | $91,424 |
| 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 | $7,254 |
| Total liabilities | $100,162 |
| Net assets without donor restrictions | $855,757 |
| 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 | $955,919 |