The Foundation
- Assets
- $635.2k
- Revenue
- $72.6k
- Investments
- $53.4k
- Employees
- 0
- Location
- Hawthorne, CA
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 95-4656856
Organization Overview
The Foundation is located in Hawthorne, CA. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. 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, Foundation generated $72.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $76.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUED ITS OUTREACH TO THE LA HOUSING MARKET BY ASSISTING LOWER INCOME FAMILIES WITH AFFORDABLE HOUSING. WORKING ALONG WITH LOCAL GOVERNMENT AGENCIES TO WE ARE ABLE TO PROVIDE SAFE AND SECURE HOUSING FOR YOUNG UNWED MOTHERS AND FOR THE ELDERLY. ALSO, THE FOUNDATION CONTINUES TO PROVIDE EXPOSURE FOR DRUG REHAB FACILITIES THROUGH OUR OWN WEB BASED RESOURCE. AS WE LOOK TO THE FUTURE, PLANS ARE BEING DEVELOPED TO EXPLORE THE EXPANSIOIN TO SOME INTRENATIONAL OUTREACH OPPORTUNITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,868 |
| Dividends & Interest | $0 |
| Net Rental Income | -$11,553 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $35,382 |
| Taxes | $7,310 |
| Depreciation | $12,818 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,506 |
| Total operating and administrative expenses | $76,866 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $76,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,821 |
| Savings and temporary cash investments | $174,730 |
| 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 | $53,399 |
| Net Land, buildings, and equipment | $335,568 |
| Other assets | $650 |
| Total assets | $635,168 |
| Accounts payable and accrued expenses | $0 |
| 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 | $576,436 |
| Total liabilities | $576,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |
Inland Empire United Way Rancho Cucamonga, CA | $4,505,450 | $6,854,320 |
Partners In School Innovation San Francisco, CA | $2,518,159 | $5,628,468 |
Hana Health Hana, HI | $10,875,006 | $7,205,224 |