AUDACIOUS FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- AUDACIOUS FOUNDATION (EIN 47-4602068)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-13
- IRS object ID
- 202511349349100201
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-13T23:36:48-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 272087941 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELISSA PETERSEN AND COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 92202 | AddressLine1Txt |
| City | SANTA BARBARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474602068 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Audacious Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AUDA | BusinessNameControlTxt |
| Phone | 8055642186 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 91340 | AddressLine1Txt |
| City | Santa Barbara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 931901340 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Catherine Brozowski | PersonNm |
| Person Title | President/Secretary | PersonTitleTxt |
| Phone | 8055642186 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Melissa Petersen | PreparerPersonNm |
| PTIN | P01072423 | PTIN |
| Phone | 8056948331 | PhoneNum |
| Preparation | 2025-05-06 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,125,552 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $304,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $73,435 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $73,435 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $73,435 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $674,409 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,265,171 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $674,409 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,859 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,859 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,053,703 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $747,844 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $75,294 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $216,579 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $216,579 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $45,596 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $45,596 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $87,615 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $87,615 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,277 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,277 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,224 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $556 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,668 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $54,400 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $54,400 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $32,900 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $16,873 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $16,027 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $327 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $7,092 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $7,092 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $137,397 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $137,397 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $589,407 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,429 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $571,651 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,260,617 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,260,617 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,850,024 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,429 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,832,268 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$796,321 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $730,415 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $75,294 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $266,227 | CashBOYAmt |
| Cash EOY | $180,708 | CashEOYAmt |
| Cash EOYFMV | $180,708 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $577,686 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $147,240 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $147,240 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $4,948 | AcctRcvblAmt |
| Acct Rcvbl BOY | $5,926 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $4,948 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $4,948 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $3,086,786 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,550,508 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,550,508 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $242,148 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $242,148 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $242,148 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,788 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,788 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $327 | LandBOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Total Assets BOY | $4,179,100 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,125,552 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,125,552 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $14,167 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $13,652 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $14,167 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $13,652 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $4,164,933 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,111,900 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,164,933 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,111,900 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,179,100 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,125,552 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,164,933 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$796,321 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $3,368,612 | SubtotalAmt |
| Other Decreases | $256,712 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,111,900 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 95 shares Auto Data Processing | 2010-09-14 | 2024-04-18 | $23,071 | $3,377 | $19,694 | $19,694 |
| 105 shares Auto Data Processing | 2023-06-29 | 2024-04-18 | $25,500 | $22,664 | $2,836 | $2,836 |
| 120 shares Broadridge Finl Solu | 2010-06-28 | 2024-04-18 | $23,283 | $2,344 | $20,939 | $20,939 |
| 210 shares Broadridge Finl Solu | 2010-06-28 | 2024-08-28 | $44,548 | $4,101 | $40,447 | $40,447 |
| 1500 shares Alphabet Inc. | 2018-06-27 | 2024-04-18 | $236,405 | $83,092 | $153,313 | $153,313 |
| 510 shares Alphabet Inc. | 2018-06-27 | 2024-06-20 | $90,395 | $28,251 | $62,144 | $62,144 |
| 700 shares Johnson & Johnson | 2023-06-11 | 2024-04-18 | $101,279 | $36,883 | $64,396 | $64,396 |
| 500 shares Kimberly Clark Corp | 2008-12-31 | 2024-04-18 | $62,667 | $25,315 | $37,352 | $37,352 |
| 380 shares Kimberly Clark Corp | 2008-12-31 | 2024-08-28 | $54,779 | $19,239 | $35,540 | $35,540 |
| 205 shares Mc Cormick & Co | 2009-08-05 | 2024-04-18 | $14,878 | $3,300 | $11,578 | $11,578 |
| 320 shares Mc Cormick & Co | 2021-11-24 | 2024-04-18 | $23,224 | $27,279 | -$4,055 | -$4,055 |
| 835 shares Merck & Co. | 2021-03-18 | 2024-04-18 | $104,335 | $61,484 | $42,851 | $42,851 |
| 65 shares Merck & Co. | 2021-04-30 | 2024-04-18 | $8,122 | $4,624 | $3,498 | $3,498 |
| 125 shares Microsoft Corp | 2010-10-07 | 2024-04-18 | $51,177 | $3,066 | $48,111 | $48,111 |
| 100 shares Microsoft Corp | 2010-10-07 | 2024-07-01 | $45,694 | $2,453 | $43,241 | $43,241 |
| 5940 shares Soho House and Co. | 2022-03-01 | 2024-08-28 | $37,182 | $47,084 | -$9,902 | -$9,902 |
| 8645 shares Soho House and Co. | 2022-03-01 | 2024-12-19 | $64,879 | $68,525 | -$3,646 | -$3,646 |
| 1800 shares Clear Secure Inc. | 2023-10-31 | 2024-08-28 | $52,396 | $30,347 | $22,049 | $22,049 |
| 5420 shares Clear Secure Inc. | 2023-10-31 | 2024-11-01 | $200,283 | $91,378 | $108,905 | $108,905 |
| 29 shares Clear Secure Inc. | 2023-11-01 | 2024-11-01 | $1,074 | $486 | $588 | $588 |
| Broker adjustment | 2024-01-01 | 2024-12-31 | $25,470 | -$25,470 | -$25,470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $674,409 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $64,399 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,153 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $10,153 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $10,153 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $12,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $12,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $252 | EsPenaltyAmt |
| Overpayment | $1,595 | OverpaymentAmt |
| Applied To ES Tax | $1,595 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.audaciousfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catherine Brozowski | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8055642186 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 91340 | AddressLine1Txt |
| City | Santa Barbara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Paul J Orfalea | ||||||||
| PO Box 91340 | Santa Barbara | CA | 93190 | Chair/Treasurer | 5.00 | $0 | $0 | $0 |
| Catherine Brozowski | ||||||||
| PO Box 91340 | Santa Barbara | CA | 93190 | President/Secretary | 25.00 | $216,579 | $87,615 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Grantmaking for Whole Child Education | Description1Txt |
| Expenses1 | $1,260,617 | Expenses1Amt |
| Description2 | Host an Early Childhood Center Director's Retreat providing networking and professional development around whole child education | Description2Txt |
| Expenses2 | $204,328 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,829,224 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $472,922 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $242,147 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,544,293 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,544,293 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $53,164 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,491,129 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $174,556 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $174,556 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,153 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,153 | TotalTaxAmt |
| Distributable Before Adj | $164,403 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $164,403 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $164,403 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,832,268 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,832,268 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $164,403 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,955,771 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $412,676 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $466,330 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,279,681 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,507,034 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,621,492 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,832,268 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $164,403 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,667,865 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,289,357 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $3,955,771 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,333,586 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $412,676 | ExcessFromYear4Amt |
| Excess From Year3 | $466,330 | ExcessFromYear3Amt |
| Excess From Year2 | $1,279,681 | ExcessFromYear2Amt |
| Excess From Year1 | $1,507,034 | ExcessFromYear1Amt |
| Excess From Current Year | $1,667,865 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Paul J Orfalea | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Channel Islands YMCA | ||||||
| 1180 Eugenia Place Suite 104 | Carpinteria | CA | 93013 | PC | Swim Lessons for students at 2 elementary schools during 23-24 school year: Our Lady of Guadalupe and Notre Dame | $14,740 |
| Children's Creative Project | ||||||
| 3970 La Colina Road Suite 9 | Santa Barbara | CA | 93110 | PC | Dance Workshops in 24-25 school year at La Purisima School | $5,042 |
| Dos Pueblos High School | ||||||
| 7266 Alameda Ave | Goleta | CA | 93117 | PC | Dos Pueblos Media student experiences, such as taking students to the Student Television Network (STN) National Convention | $17,650 |
| Dos Pueblos High School Foundation | ||||||
| 7267 Alameda Ave | Goleta | CA | 93118 | PC | Dos Pueblos Media Student Scholarships | $5,000 |
| Explore Ecology | ||||||
| 302 E Cota Street | Santa Barbara | CA | 93101 | PC | Garden Explorers Early Childhood Education Project in 24-25 | $340,000 |
| Explore Ecology | ||||||
| 303 E Cota Street | Santa Barbara | CA | 93102 | PC | garden education support at Notre Dame School for 24-25 | $22,266 |
| Fund For Santa Barbara | ||||||
| PO Box 90710 | Santa Barbara | CA | 93190 | PC | Yes 4 Lompoc Kids to improve Lompoc School Facilities | $5,500 |
| Lou Grant Parent-Child Workshop | ||||||
| 5400 6th Street | Carpinteria | CA | 93013 | PC | Early Childhood Best Practice Winner 2024 | $250 |
| NatureTrack Foundation | ||||||
| PO Box 953 | Los Olivos | CA | 93441 | PC | Fostering a Lifelong Fascination with Nature program which provides K-12 youth field trips for children throughout the County | $50,000 |
| Ojai Valley Youth Foundation | ||||||
| PO Box 1543 | Ojai | CA | 93024 | PC | LOUD after-school music program at two schools in Ojai, CA 24-25 school year, plus expansion planning into Santa Barbara County | $17,350 |
| One Sport Foundation | ||||||
| 315 Meigs R Ste A-431 | Santa Barbara | CA | 93109 | PC | after-school soccer clinics Spring 2024 at Notre Dame and La Purisima Schools | $19,800 |
| Our Lady of Guadalupe School | ||||||
| 530 N Juanita Ave | Oxnard | CA | 93030 | PC | scholarships for low-income families | $20,000 |
| Our Lady of Guadalupe School | ||||||
| 530 N Juanita Ave | Oxnard | CA | 93030 | PC | Garden Education Manager for 24-25 school year, including supplies, maintenance, and materials | $17,500 |
| Our Lady of Mt Carmel Elementary School | ||||||
| 530 Hot Springs Road | Santa Barbara | CA | 93108 | PC | Rediscovering Joy in Teaching, a convening of Santa Barbara and Ventura County Catholic Schools for the 2024 Teachers Retreat | $42,000 |
| Santa Barbara Foundation | ||||||
| 1111 Chapala Street | Santa Barbara | CA | 93101 | PC | 11th Annual School Wellness Summit October 23, 2024 | $3,000 |
| St Raphael Elementary School | ||||||
| 160 St Joseph Street | Santa Barbara | CA | 93111 | PC | student swim lessons, during the school day, in the 23-24 school year | $8,231 |
| The Foundation Roundtable | ||||||
| PO Box 60157 | Santa Barbara | CA | 93160 | PC | PFE Sponsorship, NPRN, and Roundtable Dues | $7,000 |
| Ventura Land Trust | ||||||
| 3451 Foothill Rd 201 | Ventura | CA | 93003 | PC | Nature by Design outdoor education program at Our Lady of Guadalupe and Briggs Elementary in 24-25 | $40,000 |
| Wilderness Youth Project Incorporated | ||||||
| 2040 Alameda Padre Serra Ste 224 | Santa Barbara | CA | 93103 | PC | REACH Fellowship, supporting first generation college going, lower income youth to achieve their full potential | $625,138 |
| Zaca Center Preschool | ||||||
| 27 Six Flags Circle | Buellton | CA | 93427 | PC | Early Childhood Best Practice Winner | $150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,260,617 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $73,435 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $674,409 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other revenue | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,859 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $749,703 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $749,703 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul Orfalea | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 91340 | AddressLine1Txt |
| City | Santa Barbara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $300,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $2,224 | Amt |
| Net Investment Income | $556 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,668 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Lenovo Thinkpad for CB | PropertyDesc |
| Acquired | 2019-12-06 | AcquiredDt |
| Cost Or Other Basis | $1,788 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,461 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 5.000000000000 | LifeRt |
| Current Year Expense | $327 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate Securities | StockNm |
| EOY Book Value | $2,550,508 | EOYBookValueAmt |
| EOYFMV | $2,550,508 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 1601 State Street Hotel | FMV | $92,748 | $92,748 |
| Coursebase, LLC | FMV | $149,400 | $149,400 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Lenovo Thinkpad for CB | CategoryOrItemTxt |
| Cost Or Other Basis | $1,788 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,788 | AccumulatedDepreciationAmt |
| Book Value | $0 | BookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $5,277 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,277 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized loss on investment | Desc |
| Amt | $256,712 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Computer/database | $6,848 | $0 | $0 | $6,848 |
| Other expenses | $6,686 | $0 | $0 | $6,686 |
| Website | $1,326 | $0 | $0 | $1,326 |
| Insurance | $14,278 | $0 | $0 | $14,278 |
| Program expenses | $104,820 | $0 | $0 | $104,820 |
| Gifts given | $1,380 | $0 | $0 | $1,380 |
| Payroll fees | $624 | $0 | $0 | $624 |
| Workers compensation | $1,435 | $0 | $0 | $1,435 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other revenue | Desc |
| Revenue And Expenses Per Books | $1,859 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $1,859 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Consultants | CategoryTxt |
| Amt | $54,400 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $54,400 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Taxes and licenses | $16,873 | $16,873 | $0 | $0 |
| Payroll taxes | $16,027 | $0 | $0 | $16,027 |
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