Forever Balboa Park EIN 33-0849518 Form 990 (PDF) Claim this org

Forever Balboa Park

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Funds and resources are raised and distributed to promote and manage public education and awareness of Balboa Park. For fiscal year 2025 it reported $6.8M in revenue, $4.5M in expenses, and $13.7M in net assets.Pt I

Founded
1999
Type
Religious organization · Religion
Location
San Diego, CA
Website
www.friendsofbalboapark.org
Filings
6 on file (2020–2025)
Revenue
$6.8MFY2025
Expenses
$4.5M
Net assets
$13.7M
People
41
Filings
6
Updates
0
More identity details & actions ⌄
EIN  33-0849518 Religious organization San Diego, CA Founded 1999
Form 990 (PDF)
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Figures match the IRS filing checked 8/18/26 · see original: IRS
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Size
$1–10M
What they do
Funds and resources are raised and distributed to promote and manage public education and awareness of Balboa Park.
Leadership
Jacqueline Higgins · VP Planning · $152K
Money in and out
$6.8M revenue, $4.5M expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$6.8M
Pt VIII · Ln 12
Total expenses
$4.5M
Pt IX · Ln 25
Net assets
$13.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.3M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.11 Fundraising $0.17
Program efficiency
72%
of spending reaches programs▲ +0.8% vs prior filing year
Operating runway
25.2mo
months of highly liquid reserves at operating expense rate▲ +28% vs prior filing year
Surplus margin
+34%
revenue over expenses, this year▲ +245% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$6.8M
FY2025▲ +42%
Expenses
$4.5M
FY2025▲ +4%
Total assets
$14.4M
FY2025▲ +24%
Total liabilities
$672K
FY2025▲ +33%
Total revenue
$6.8M
Pt VIII · Ln 12
Total expenses
$4.5M
Pt IX · Ln 25
Net assets
$13.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.3M
Total assetsPt X · Ln 16$14.4M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForever Balboa Park
EINHdr · item D33-0849518
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.friendsofbalboapark.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X99)
Ruling yearIRS BMFJun 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$152,457Pt VII · Sec A
VP of Inst. Adv.
$151,659Pt VII · Sec A
President & CEO
$128,972Pt VII · Sec A
VP of Finance
$122,405Pt VII · Sec A
VP Facilities & Op
$120,204Pt VII · Sec A
President & CEO
$22,719Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jacqueline Higgins’s $152K as VP Planning is at the 78th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elizabeth Babcock$128,972$312,966$232,591
Jacqueline Higgins$152,457$106,988$122,650$109,941
Phillip Sammuli$151,659
John Bolthouse$115,768$138,632$116,663
Sarah Beckman$123,392$111,100
Elizabeth Porter$122,405$113,798$93,696
Craig Batrez$120,204$101,799
Katherine McDonald$22,719

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $3.0M of program spending, described in the organization's own filed words · FY2024.
01

Park Improvement Projects and Programs

Parkwide Volunteers:The Organization recruits, trains, and retains volunteers to support an array of Park needs, from garden and tree maintenance to visitor experience services. Growing to more than 450 volunteers strong, current programs include: Park Ambassadors, Tree Stewards, Tree Maintenance Volunteers, Garden Stewards, Rose Garden…

$1.4Mprogram expense
02

House of Hospitality

Historic Facilities, GardensThe Organization maintains and preserves the House of Hospitality, a National Historic Landmark building, providing clean public restrooms, ongoing facility care, and security for tenants and visitors.

$826Kprogram expense
03

Balboa Park Visitors Center

Retail Operations and Guest ServicesThe Balboa Park Visitors Center informs, educates, and serves over 600,000 visitors annually. The largest visitor center in the region, the Parks Visitors Center is supported by multilingual staff and volunteers with diverse backgrounds, who are trained to promote parkwide institutions and activities…

$755Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$4.5M · 66%
Other revenue$1.3M · 20%
Program service revenue$753K · 11%
Investment income$240K · 4%
Contributions & grants66%$4.5M
Other revenue20%$1.3M
Program service revenue11%$753K
Investment income4%$240K
— government grantsLn 1e$226K
Total revenueLn 12$6.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.11 Fundraising $0.17
Program services72%$3.3M
Management & general11%$484K
Fundraising17%$753K
Total functional expensesLn 25$4.5M

Balance Sheet

Part X · end of year
CashLn 1$3.7M
Total assetsLn 16$14.4M
Total liabilitiesLn 26$672K
Total net assetsLn 32$13.7M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.4M · Operating expenses/yr $4.5M
25.2 months
Where the money goes
Program services
Program services $3.3M · Total expenses $4.5M
72%
Management & General
Management & general $484K · Total expenses $4.5M
11%
Fundraising
Fundraising $753K · Total expenses $4.5M
17%
Cost to raise $1
Fundraising expense (3-yr avg) $681K · Solicited contributions (3-yr avg) $2.8M
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.5M · Total revenue $6.8M
66%
Government reliance
Government grants $226K · Total revenue $6.8M
3%
Earned-income share
Program service revenue $753K · Total revenue $6.8M
11%
Investment reliance
Investment income $240K · Total revenue $6.8M
+4%
Program self-sufficiency
Program service revenue $753K · Total expenses $4.5M
17%
Growth & trend
Revenue growth (YoY)
This year $6.8M · Prior year $4.8M
+42%
Revenue CAGR
FY2019 $1.4M · FY2024 $6.8M
+38%
Net-asset trend (YoY)
End of year $13.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.8M · Expenses $4.5M
+34%
Liabilities-to-Assets
Total liabilities — · Total assets $14.4M
Net-asset ratio
Net assets $13.7M · Total assets $14.4M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.8M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $14.4M
40%
People & payroll
Highest Reported Total Compensation
Individual Jacqueline Higgins · Reported title VP PLANNING · Highest reported compensation $152K · Total expenses $4.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $4.5M
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 11%
Fundraising cost ratio 17%
Revenue growth 42%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Favrot FundFY2025$100K
Total grants receivedfrom 1 funder$100K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$6.8M revenue · viewing · ⤓ 990 PDF
FY2024$4.8M revenue · ⤓ 990 PDF
FY2023$3.9M revenue · ⤓ 990 PDF
FY2022$4.2M revenue · ⤓ 990 PDF
FY2021$1.9M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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