2026-05-15T16:23:38-05:00 2025-06-30 760722072 FOUMBERG JUNEJA ROCHER & CO PC 16311 VENTURA BLVD SUITE 1180 ENCINO CA 91436 990 2024-07-01 384135087 PALOS VERDES ESTATES FOUNDATION PALO 2133937977 PO BOX 955 PALOS VERDES ESTATES CA 90274 DAVID A MCGOWAN PRESIDENT 2133937977 2026-05-11 1 1 DANIEL CHOI CPA P00639689 8189816100 2026-05-11 2024 2025-03-06 01:10:19Z DAVID A MCGOWAN PO BOX 955 PALOS VERDES ESTATES CA 90274 167475 0 X PVEFOUNDATION.ORG X 2019 CA THE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES. 6 6 1 10 0 0 405223 162919 0 0 9507 4556 0 0 414730 167475 69717 288063 0 0 54153 54217 0 0 29175 50487 62382 174357 404662 240373 -237187 624057 388748 5657 7535 618400 381213 THE 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. 0 0 323304 288063 THE 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. 323304 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X X DAVID A MCGOWAN 2133937977 PO BOX 955 PALOS VERDES ESTATES CA 90274 DAVID MCGOWAN PRESIDENT 6.00 X X 0 0 0 VIRGINIA BUTLER DIRECTOR 2.00 X 0 0 0 JANET TEAGUE SECRETARY 2.00 X X 0 0 0 BARTON GUREWITZ CHIEF FINANCIAL OFFICER 2.00 X X 0 0 0 CHAD ACALLISTER DIRECTOR 2.00 X 0 0 0 JULIA PARTON DIRECTOR 2.00 X 0 0 0 RENEE JACO EXECUTIVE DIRECTOR 40.00 X 50000 0 0 50000 0 0 0 0 0 0 0 162919 162919 4556 4556 167475 0 0 4556 288063 288063 50000 32500 12500 5000 4217 2741 1054 422 10456 10456 18696 18696 4319 4319 1110 1110 5626 4540 1086 1768 1768 EVENT EXPENSES 14753 14753 PRINTING AND PHOTOCOPY 3482 3482 BANK CHARGES AND FEES 2172 2059 113 404662 323304 52183 29175 622750 388139 1307 609 624057 388748 5657 7535 5657 7535 X 234192 189243 384208 191970 618400 381213 624057 388748 -237187 0 X X 1 X 0 1 0 X 427680 488627 54562 405223 162919 1539011 427680 488627 54562 405223 162919 1539011 151351 1387660 16 131 3404 9507 4556 17614 1556625 0.89150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: IN 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. 1 CITY OF PALOS VERDES ESTATES 340 PALO VERDES DR PALOS VERDES ESTATES CA 90274 956000758 GOV AGENCY 288063 0 SEE PART IV 1 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. 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 12C THE 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 15A THE 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.