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SINGLETON FOUNDATION FOR FINANCIAL LITERACY AND ENTREPRENEURSHIP: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SINGLETON FOUNDATION FOR FINANCIAL LITERACY AND ENTREPRENEURSHIP (EIN 47-5679434)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-12
IRS object ID
202143169349104929
Schema version
2020v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-12T17:52:27-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261185944PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JEAN M GADEA CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1505 N ALVERNON WAYAddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85711ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475679434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SINGLETON FOUNDATION FOR FINANCIALBusinessNameLine1Txt
Business Name Line2LITERACY AND ENTREPRENEURSHIPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSINGBusinessNameControlTxt
Phone6266398259PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13900 W ALAMEDA AVE 1200AddressLine1Txt
CityBURBANKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91505ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEAN GADEAPersonNm
Person TitleSECRETARY/TREASURERPersonTitleTxt
Phone6266398259PhoneNum
Signature2021-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEANPersonFirstNm
Person LastGADEAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEAN M GADEAPreparerPersonNm
PTINP00166422PTIN
Phone5203261540PhoneNum
Preparation2021-11-08PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,902,634FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$13,276,100ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$13,276,101TotalRevAndExpnssAmt
Total Net Invst Incm$1TotalNetInvstIncmAmt
Total Adj Net Incm$1TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$206,730CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss$1,088,481OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$1,088,481OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$123,249PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$123,249PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$184,248LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$184,248LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$48,383AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$48,383AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,049,690OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$1,049,690OtherProfFeesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$12,594TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$12,594TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$6,723,823OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,723,823OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,437,198TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,230,468TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,437,198TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$9,230,468TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,838,903ExcessRevenueOverExpensesAmt
Net Investment Income$1NetInvestmentIncomeAmt
Adjusted Net Income$1AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,636,560CashBOYAmt
Cash EOY$1,846,095CashEOYAmt
Cash EOYFMV$1,846,095CashEOYFMVAmt
Prepaid Expenses BOY$8,475PrepaidExpensesBOYAmt
Prepaid Expenses EOY$1,230PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$1,230PrepaidExpensesEOYFMVAmt
Corporate Stock EOY$6,055,309CorporateStockEOYAmt
Corporate Stock EOYFMV$6,055,309CorporateStockEOYFMVAmt
Total Assets BOY$1,645,035TotalAssetsBOYAmt
Total Assets EOY$7,902,634TotalAssetsEOYAmt
Total Assets EOYFMV$7,902,634TotalAssetsEOYFMVAmt
Accounts Payable BOY$3,000AccountsPayableBOYAmt
Accounts Payable EOY$1,025,539AccountsPayableEOYAmt
Total Liabilities BOY$3,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,025,539TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,642,035NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$6,877,095NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,642,035TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,877,095TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,645,035TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,902,634TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,642,035TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,838,903ExcessRevenueOverExpensesAmt
Other Increases$1,396,157OtherIncreasesAmt
Subtotal$6,877,095SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,877,095TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.SINGLETONFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone6266398259PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13900 W ALAMEDA AVE 1200AddressLine1Txt
CityBURBANKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91505ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM SINGLETON
212 26TH STREET 208SANTA MONICACA90402PRESIDENT10.00$0$0$0
CAROLYN SINGLETON
212 26TH STREET 208SANTA MONICACA90402VICE PRESIDE10.00$0$0$0
JEAN GADEA
212 26TH STREET 208SANTA MONICACA90402SECRETARY/TR2.00$38,730$0$0
WILL THORNDIKE
212 26TH STREET 208SANTA MONICACA90402DIRECTOR1.00$0$0$0
SHELLEY MILES
212 26TH STREET 208SANTA MONICACA90402CEO40.00$168,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k8OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
ONE GOOD MAN PRODUCTIONS
3727 W MAGNOLIA BLVD 775BURBANKCA91505PRODUCTION$1,216,813
WONDERMENT
560 S MAIN ST 11NLOS ANGELESCA90013PRODUCTION$603,774
TOP TRACK ARTISTS
41625 LILLEY MOUNTAIN DRCOARSEGOLDCA93614PRODUCTION$144,658
ARTEMIS
10940 WILSHIRE BLVD 1600LOS ANGELESCA90024PRODUCTION$110,000
RACHAEL POPE
6163 WHITE OAK AVEENCINOCA91316CONTRACT$100,037
FieldValueIRS element (for citing)
Contractor Paid Over50k7ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO PROMOTE FINANCIAL LITERACY AND ENTREPRENEURSHIP FOR EVERYONE. THE SINGLETON FOUNDATION WORKS TO RAISE AWARENESS, EFFECT CHANGE AND IMPROVE LIVES THROUGH A VARIETY OF PROGRAMS, INCLUDING DIGITAL OUTREACH, EDUCATIONAL ADVOCACY, SOCIAL IMPACT PARTNERSHIPS, GAMING, AND OUR SINGLETON CEO PRIZE FOR EXCELLENCE IN BUSINESS LEADERSHIP.Description1Txt
Expenses1$9,437,198Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,091,791AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,276,314AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,230FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,369,335TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,369,335AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$65,540CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,303,795NetVlNoncharitableAssetsAmt
Minimum Investment Return$215,190MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$9,230,468ExpensesAndContributionsAmt
Qualifying Distributions$9,230,468QualifyingDistributionsAmt
Adjusted Qualifying Distri$9,230,468AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$9,230,468QualifyingDistributionsAmt
Remaining Distri From Corpus$9,230,468RemainingDistriFromCorpusAmt
Total Corpus$9,230,468TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2015-11-19PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1CurrentYearAmt
Total$1TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1CurrentYearAmt
Total$1TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$9,230,468CurrentYearAmt
Year1$10,050,879Year1Amt
Year2$2,520,708Year2Amt
Year3$268,863Year3Amt
Total$22,070,918TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$9,230,468CurrentYearAmt
Year1$10,050,879Year1Amt
Year2$2,520,708Year2Amt
Year3$268,863Year3Amt
Total$22,070,918TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$143,460CurrentYearAmt
Year1$68,411Year1Amt
Year2$11,161Year2Amt
Year3$985Year3Amt
Total$224,017TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWILLIAM SINGLETONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
WILLIAM SINGLETON
1212 26TH STREET 208SANTA MONICACA90402$12,527,600Yes (X)
DFS CORPORATE SERVICES LLC
22500 LAKE CROOK ROADRIVERWOODSIL60015$748,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$48,383Amt
Disbursements Charitable Prps$48,383DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINVESTMENTS - EQUITIESStockNm
EOY Book Value$6,055,309EOYBookValueAmt
EOYFMV$6,055,309EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$184,248LegalFeesAmt
Disbursements Charitable Prps$184,248DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
GENERAL & ADMINISTRATIVE$139,451$139,451
PROGRAM EXPENSES$4,809,951$4,809,951
PROGRAM DEVELOPMENT$1,749,458$1,749,458
CEO PRIZE$24,963$24,963

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSSDesc
Amt$1,396,157Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONTRACT SERVICESCategoryTxt
Amt$1,049,690Amt
Disbursements Charitable Prps$1,049,690DisbursementsCharitablePrpsAmt

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