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PALOS VERDES ESTATES FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PALOS VERDES ESTATES FOUNDATION (EIN 38-4135087)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202621359349312027
Schema version
2024v5.5
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)
Return2026-05-15T16:23:38-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN760722072PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FOUMBERG JUNEJA ROCHER & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line116311 VENTURA BLVD SUITE 1180AddressLine1Txt
CityENCINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91436ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN384135087EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PALOS VERDES ESTATES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPALOBusinessNameControlTxt
Phone2133937977PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 955AddressLine1Txt
CityPALOS VERDES ESTATESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90274ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID A MCGOWANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2133937977PhoneNum
Signature2026-05-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL CHOI CPAPreparerPersonNm
PTINP00639689PTIN
Phone8189816100PhoneNum
Preparation2026-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID A MCGOWANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 955AddressLine1Txt
CityPALOS VERDES ESTATESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90274ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$167,475GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPVEFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTHE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$405,223PYContributionsGrantsAmt
CY Contributions Grants$162,919CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,507PYInvestmentIncomeAmt
CY Investment Income$4,556CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$414,730PYTotalRevenueAmt
CY Total Revenue$167,475CYTotalRevenueAmt
PY Grants And Similar Paid$69,717PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$288,063CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$54,153PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$54,217CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$29,175CYTotalFundraisingExpenseAmt
PY Other Expenses$50,487PYOtherExpensesAmt
CY Other Expenses$62,382CYOtherExpensesAmt
PY Total Expenses$174,357PYTotalExpensesAmt
CY Total Expenses$404,662CYTotalExpensesAmt
PY Revenues Less Expenses$240,373PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$237,187CYRevenuesLessExpensesAmt
Total Assets BOY$624,057TotalAssetsBOYAmt
Total Assets EOY$388,748TotalAssetsEOYAmt
Total Liabilities BOY$5,657TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$618,400NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$381,213NetAssetsOrFundBalancesEOYAmt
MissionTHE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES, AUGMENTING CULTURAL, RECREATIONAL, LIFESTYLE AND SAFETY PROGRAMS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$323,304ExpenseAmt
Grant$288,063GrantAmt
DescTHE FOUNDATION MAKES GRANTS TO LOCAL NONPROFITS OR GOVERNMENTAL AGENCIES, OR PAYS CONTRACTORS WHO COMPLETE PROJECTS, ALL IN PURSUIT OF THE FOUNDATION'S MISSION. IN THE YEAR ENDED JUNE 30, 2025 THE FOUNDATION COMPLETED THE AUTOMATED LICENSE PLATE RECOGNITION (ALPR)CAMERA PROJECTS AMOUNTING TO $219,721, THE NEPTUNE FOUNTAIN PROJECT AMOUNTING TO $46,463 AND COMPLETED OTHER MISSION RELATED PROJECTS IN THE AMOUNT OF $21,879.Desc
Total Program Service Expenses$323,304TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDAVID A MCGOWANPersonNm
Phone2133937977PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 955AddressLine1Txt
CityPALOS VERDES ESTATESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90274ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID MCGOWAN
PRESIDENT6.00Yes (X)Yes (X)$0$0$0
VIRGINIA BUTLER
DIRECTOR2.00Yes (X)$0$0$0
JANET TEAGUE
SECRETARY2.00Yes (X)Yes (X)$0$0$0
BARTON GUREWITZ
CHIEF FINANCIAL OFFICER2.00Yes (X)Yes (X)$0$0$0
CHAD ACALLISTER
DIRECTOR2.00Yes (X)$0$0$0
JULIA PARTON
DIRECTOR2.00Yes (X)$0$0$0
RENEE JACO
EXECUTIVE DIRECTOR40.00Yes (X)$50,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$50,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$162,919AllOtherContributionsAmt
Total Contributions$162,919TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,556TotalRevenueColumnAmt
Exclusion$4,556ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$167,475TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,556ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$288,063TotalAmt
Program Services$288,063ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$50,000TotalAmt
Program Services$32,500ProgramServicesAmt
Management And General$12,500ManagementAndGeneralAmt
Fundraising$5,000FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,217TotalAmt
Program Services$2,741ProgramServicesAmt
Management And General$1,054ManagementAndGeneralAmt
Fundraising$422FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$10,456TotalAmt
Management And General$10,456ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,696TotalAmt
Management And General$18,696ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,319TotalAmt
Fundraising$4,319FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,110TotalAmt
Management And General$1,110ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,626TotalAmt
Management And General$4,540ManagementAndGeneralAmt
Fundraising$1,086FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,768TotalAmt
Management And General$1,768ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
EVENT EXPENSES$14,753$14,753
PRINTING AND PHOTOCOPY$3,482$3,482
BANK CHARGES AND FEES$2,172$113$2,059

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$404,662TotalAmt
Program Services$323,304ProgramServicesAmt
Management And General$52,183ManagementAndGeneralAmt
Fundraising$29,175FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$622,750BOYAmt
EOY$388,139EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,307BOYAmt
EOY$609EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$624,057BOYAmt
EOY$388,748EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,657BOYAmt
EOY$7,535EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,657BOYAmt
EOY$7,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$234,192BOYAmt
EOY$189,243EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$384,208BOYAmt
EOY$191,970EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$618,400BOYAmt
EOY$381,213EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$624,057BOYAmt
EOY$388,748EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$237,187ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$427,680CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$488,627CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,562CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$405,223CurrentTaxYearMinus1YearAmt
Current Tax Year$162,919CurrentTaxYearAmt
Total$1,539,011TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$427,680CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$488,627CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,562CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$405,223CurrentTaxYearMinus1YearAmt
Current Tax Year$162,919CurrentTaxYearAmt
Total$1,539,011TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$151,351SubstantialContributorsTotAmt
Public Support Total170$1,387,660PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$131CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,404CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,507CurrentTaxYearMinus1YearAmt
Current Tax Year$4,556CurrentTaxYearAmt
Total$17,614TotalAmt
FieldValueIRS element (for citing)
Total Support$1,556,625TotalSupportAmt
Public Support CY1700.89150PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationIN NOVEMBER 2021 THE FOUNDATION RECEIVED THE LETTER FROM THE INTERNAL REVENUE SERVICE RECOGNIZING THE FOUNDATION AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(3) OF THE INTERNAL REVENUE CODE, EFFECTIVE NOVEMBER 2019. IN JUNE 2023 THE FOUNDATION REALIZED THAT THE APPLICATION TO HAVE THE FOUNDATION BE SIMILARLY EXEMPT FROM STATE TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE WAS NEVER FILED. THE APPLICATION WAS IMMEDIATELY PREPARED AND FILED. THE FOUNDATION EXPECTS THE CALIFORNIA FRANCHISE TAX BOARD WILL DETERMINE THAT THE FOUNDATION IS EXEMPT FROM STATE TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE AND THAT THERE WILL BE NO ADVERSE CONSEQUENCES RESULTING FROM THE FOUNDATION'S OMISSION TO TIMELY FILE SUCH APPLICATION. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FOUNDATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CITY OF PALOS VERDES ESTATESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1340 PALO VERDES DRAddressLine1Txt
CityPALOS VERDES ESTATESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90274ZIPCd
FieldValueIRS element (for citing)
Recipient EIN956000758RecipientEIN
IRC SectionGOV AGENCYIRCSectionDesc
Cash Grant$288,063CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantSEE PART IVPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. GRANT REVIEWS ENSURE THE FUNDS ARE SPENT AS PROPOSED.
PART II, LINE 1(H):PURPOSE OF GRANT: ALPR CAMERA PROJECT, HOLIDAY DECORATIONS, NEPTUNE FOUNTAIN, AND OTHER GENERAL PROJECTS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS CAREFULLY REVIEWED BY THE FOUNDATION PRESIDENT, THEN PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE FOUNDATION HAS A ROBUST CONFLICT OF INTEREST POLICY. IN SHORT, DIRECTORS ARE REQUIRED TO RECUSE THEMSELVES OF ANY DECISION WHERE THEY HAVE A CONFLICT OF INTEREST. BOARD MEMBERS ACKNOWLEDGE RECEIPT AND ADHERANCE TO THE POLICY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15ATHE ORGANIZATION FOLLOWS APPROPRIATE PROTOCOLS FOR DETERMINING THE COMPESATION OF THE EXECUTIVE DIRECTOR, INCLUDING USING COMPARATIVE DATA AND BOARD APPROVAL OF THE COMPENSATION. BOX 15A IS CHECKED YES FOR THIS REASON. BOX 15B IS CHECKED NO SINCE NO EMPLOYEES MEET THE DEFINITION
FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS REMAINS THE SAME AS PRIOR YEAR.

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