2021-05-14T18:46:18-05:00 2020-06-30 812737245 LOPEZ ACCOUNTING GROUP 3500 WEST OLIVE AVENUE SUITE 680 BURBANK CA 91505 990 2019-07-01 953938009 LOS ANGELES COUNTY HIGH SCHOOL FOR THE ARTS FOUNDATION LOSA 2132665341 369 E 1ST STREET 3RD FLOOR NO 3 LOS ANGELES CA 90012 KATHERINE BEYDA PRESIDENT 2132665341 2021-05-13 1 JUAN P LOPEZ CPA P01367411 8188407075 2021-05-13 2019 2022-09-23 18:48:47Z X ARTS HIGH FOUNDATION JEFFREY DOLLINGER 369 E 1ST STREET 3RD FLOOR NO 3 LOS ANGELES CA 90012 2970480 0 X HTTPS://WWW.LACHSAFOUNDATION.ORG/ X 1984 CA PROMOTE THE ARTS AND THE ADVANCEMENT OF YOUNG ARTISTS BY RAISING AND DISTRIBUTING FUNDS TO THE OPERATION OF A PUBLIC ARTS HIGH SCHOOL IN LOS ANGELES COUNTY. 20 20 3 20 0 0 1149384 1128600 0 0 219876 169267 -81656 -75584 1287604 1222283 1049036 963579 0 0 185889 307699 0 0 66204 231600 156273 1466525 1427551 -178921 -205268 4673017 4331391 896263 930531 3776754 3400860 X PROMOTE THE ARTS AND THE ADVACEMENT OF YOUNG ARTISTS BY RAISING AND DISTRIBUTING FUNDS FOR THE OPERATION OF A PUBLIC ARTS HIGH SCHOOL IN LOS ANGELES COUNTY. THE FOUNDATION ADVANCES ARTS EDUCATION IN THE COMMUNITY BY CONTINUING TO BE PRIVATE FUNDING PARTER FOR THE LOS ANGELES COUNTY HIGH SCHOOL FOR THE ARTS (LACHSA). 0 0 1274836 963579 HELP UNDERWRITE THE ARTS EDUCATION OF 600 STUDENTS IN DANCE, MUSIC, THEATRE, VISUAL ARTS, MUSICAL THEATRE AND FILM AT LOS ANGELES COUNTY HIGH SCHOOL FOR THE ARTS, A PUBLIC HIGH SCHOOL. PROGRAMS INLUDED FUNDING TEACHING ARTISTS, SUBSIDIZING THE COST OF PERFORMANCE AND ART EXHIBITIONS, TRANSPORTATION FOR FIELD TRIP TO MUSEUMS, GALLERIES, FILM PRODUCTION FACILITIES, FILM STUDIOS AND PERFORMED BY ARTISTS. ALSO PURCHASED SUPPLIES, LOANER INSTRUMENTS, MUSIC LESSONS AND AN OUTREACH PROGRAM. 1274836 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JEFFREY DOLLINGER 2132665341 369 E 1ST STREET 3RD FLOOR NO 3 LOS ANGELES CA 90012 JEFFREY A DOLLINGER EXECUTIVE DIRECTOR 40.00 X 117000 0 6755 VIVIAN RESCALVO CO-PRESIDENT 5.00 X X 0 0 0 STELLA JEONG CO-PRESIDENT 5.00 X X 0 0 0 KATHERINE BEYDA VICE-PRESIDENT 5.00 X X 0 0 0 SAM NEWMAN TREASURER 5.00 X X 0 0 0 MARK DEETJEN SECRETARY 5.00 X X 0 0 0 LYNN ALVAREZ DIRECTOR 1.00 X 0 0 0 DAVID ANGELO DIRECTOR 1.00 X 0 0 0 ELIZABETH DENNEHY DIRECTOR 1.00 X 0 0 0 MARAL DONOYAN DIRECTOR 1.00 X 0 0 0 MARLA GARLIN DIRECTOR 1.00 X 0 0 0 LOIS HUNTER DIRECTOR 1.00 X 0 0 0 ANNE JACOBY DIRECTOR 1.00 X 0 0 0 MELINA KANAKAREDES DIRECTOR 1.00 X 0 0 0 JOHN LAWLER DIRECTOR 1.00 X 0 0 0 KATE LEACH DIRECTOR 1.00 X 0 0 0 JOHANNA METZGER DIRECTOR 1.00 X 0 0 0 MELINDA STAHL NIX DIRECTOR 1.00 X 0 0 0 ANGELA ALVARADO DIRECTOR 1.00 X 0 0 0 CONSTANCE ST JOHN DIRECTOR 1.00 X 0 0 0 JONATHAN ZAGER DIRECTOR 1.00 X 0 0 0 117000 0 6755 1 0 0 0 0 384641 142000 601959 1128600 86733 86733 1713657 1631123 82534 82534 82534 41490 384641 117074 -75584 -75584 1222283 0 0 93683 950079 950079 13500 13500 123445 98756 6172 18517 149400 119520 7470 22410 14433 11546 722 2165 20421 16337 1021 3063 40663 40663 26289 26289 38452 28145 1008 9299 11140 8912 557 1671 31264 21269 2186 7809 289 231 14 44 1240 992 62 186 3252 2602 163 487 3684 2947 184 553 1427551 1274836 86511 66204 1794 4099 833860 832668 320750 300100 1882 6432 6690 6690 0 0 3514731 3188092 4673017 4331391 13695 54809 882568 847244 28478 896263 930531 X 167808 115924 3608946 3284936 3776754 3400860 4673017 4331391 -205268 -170625 0 X 0 1 X 1 0 X 899793 1081373 1375583 1149384 1128600 5634733 899793 1081373 1375583 1149384 1128600 5634733 699266 4935467 90059 87454 100551 86791 86733 451588 6086321 59914 0.81090 0.81960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2995192 39918 32158 123571 2943697 2941831 233988 180627 2995192 2910110 304254 272533 2941831 2863522 354382 307794 2910110 2923661 53599 113738 2863522 1.00000 0 0 6690 6690 0 0 X 1037369 -170625 12000 -158625 1195994 26289 26289 1222283 1413263 12000 12000 1401263 26289 26289 1427552 PART V, LINE 4: ONE ENDOWMENT IS EXPENDED AT THE DISCRETION OF THE BOARD. THE REMAINING ENDOWMENT CONSIST OF VARIOUS DONOR RESTRICTED FUNDS WHICH ARE USED TO SUPPORT THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE FOUNDATION IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX FOR INCOME FROM OPERATING ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSE. UNRELATED BUSINESS INCOME IS TAXED BASED ON THE APPLICABLE STATUTORY FEDERAL AND STATE INCOME TAX RATES FOR FOR-PROFIT ORGANIZATIONS. THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") SECTION 740, INCOME TAXES, WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740-10 PERSCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AT JUNE 30, 2020 AND FOR THE YEAR THEN ENDED, THE FOUNDATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. THE FOUNDATION'S FEDERAL FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED, AND REMAIN OPEN FOR THE YEARS ENDED JUNE 30, 2017 THROUGH 2019. THE CALIFORNIA FORMS 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, IS SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED, AND REMAIN OPEN FOR THE YEARS ENDED JUNE 30, 2016 THROUGH 2019. GALA 426131 384641 41490 35850 81224 426131 384641 41490 35850 81224 117074 -75584 1 LOS ANGELES COUNTY HIGH SCHOOL FOR THE ARTS (LACOE) 5151 STATE UNIVERSITY DRIVE BUILDING 20 LOS ANGELES CA 90032 966000927 LOS ANGELES COUNTY 950079 ARTS EDUCATION 1 SCHOLARSHIPS 7 13500 PART I, LINE 2: GRANTS ARE AWARDED ON THE NEEDS OF THE SCHOOL. SCHOLARSHIPS ARE AWARDED ON THE RECOMMENDATIONS OF THE LOS ANGELES COUNTY HIGH SCHOOL FOR THE ARTS FACULTY BASED ON MERIT AND FINANCIAL NEED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM DISCUSSION AND VOTING ON ANY MATTER THAT MAY BE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS APPROVED IN CLOSED SESSION BY THE BOARD AND IS BASED ON PERFORMANCE, THE FINANCIAL STATUS OF THE ORGANIZATION, AND COMPARABLE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.