Grand Vision Foundation
- Assets
- $650.9k
- Revenue
- $735.2k
- Investments
- $0.0
- Employees
- 17
- Location
- San Pedro, CA
- Founding
- 12/1997
- Data as of
- 06/2021
- 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 06/2021, Grand Vision Foundation employed 17 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 06/2021, Grand Vision Foundation generated $735.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $691.1k during the year ending 06/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO 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 |
|---|---|---|---|
Fred Allen Vice President | OfficerTrustee | 5 | $0 |
Jasna Penich Secretary | OfficerTrustee | 1 | $0 |
Daniel Hom Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth S Johnson Executive Director | Officer | 45 | $0 |
Scott J Donnelly President | Officer | 1 | $0 |
Alan Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,255 |
| Investment income | $2,006 |
| 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 | -$5,015 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $735,249 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $371,416 |
| Pension plan accruals and contributions | $7,914 |
| Other employee benefits | $0 |
| Payroll taxes | $31,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,125 |
| Advertising and promotion | $10,065 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $448 |
| Occupancy | $37,266 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,184 |
| Insurance | $18,038 |
| All other expenses | $0 |
| Total functional expenses | $691,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $500,866 |
| 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 | $3,977 |
| Prepaid expenses and deferred charges | $7,750 |
| Investments—publicly traded securities | $33,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,881 |
| Accounts payable and accrued expenses | $28,151 |
| Grants payable | $0 |
| Deferred revenue | $37,739 |
| 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 | $78,395 |
| Total liabilities | $144,285 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $506,596 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Grand Vision Foundation has recieved totaling $173,572.
| Awarding Organization | Amount |
|---|---|
The Meredith And Rosemary Willson Charitable Foundation Los Angeles, CA PURPOSE: MUSIC EDUCATION RELIEF GRANT | $50,000 |
The Crail-Johnson Foundation San Pedro, CA PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Chorus America Association Washington, DC PURPOSE: MUSIC GRANT | $30,000 |
The Crail-Johnson Foundation San Pedro, CA PURPOSE: GRAND VISION'S MEET THE MUSIC (MTM) PROGRAMS FOR STUDENTS ENSURE EQUITABLE ACCESS TO THE ARTS THROUGH PARTNERSHIPS WITH LOCAL ELEMENTARY SCHOOLS WHO LACK MUSIC EDUCATION | $25,000 |
Kenneth T And Eileen L Norris Foundation Long Beach, CA PURPOSE: MEET THE MUSIC | $15,000 |
Rafael And Sharyl Mendez Family Foundation Redondo Beach, CA PURPOSE: MUSIC INSTRUCTIONS FOR LOCAL SCHOOL-AGE STUDENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |