Endeavor Facility Corp

IRS exemption revoked

Los Angeles, CAUnknown exempt organizationEIN 35-2561553

Owning and operating community and school facilities

46¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $650K a year · 67% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.3M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$955K
-2% vs prior year
Spent
$1.6M
To programs
46%
Net assets
$972K
By yearFY2020–FY2021
Revenue
$955K
FY2021▼ -2%
Revenue by fiscal year
FY2020$976K
FY2021$955K
Expenses
$1.6M
FY2021▲ +1%
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
Net assets
$972K
FY2021▼ -41%
Net assets by fiscal year
FY2020$1.6M
FY2021$972K

From the FY2021 Form 990 (year ending June 2021) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $747K Management & general 54% · $877K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Endeavor Facility Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates and maintains community and school buildings for public use.

Provided by the organization

This section is blank until Endeavor Facility Corp claims this page.

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1 program service account for $747K of program spending, described in the organization's own filed words · FY2020.
01

Owning and operating community and school facilities

$747Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$955K
Ln 12
Fees for servicesLn 2g$955K
Money outPt IX
$1.6M
Ln 25
Programscol B$747K
Managementcol C$877K
Owns and owesPt X
$972K
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$18.3M
LiabilitiesLn 26$17.3M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$955K
Total revenueLn 12$955K
Assets in detailPt X, end of year
SavingsLn 2$398K
Cash and savings togetherLn 1–2$398K
Land, buildings, equipmentLn 10c$17.8M
Other assetsLn 15$116K
Total assetsLn 16$18.3M
LiabilitiesLn 26$17.3M
Net assetsLn 32$972K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$399K$398K
Land, buildings, equipmentLn 10c$18.5M$17.8M
Total assetsLn 16$19.0M$18.3M
LiabilitiesLn 26$17.4M$17.3M
Net assetsLn 32$1.6M$972K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$77K$77K
Other fees for servicesLn 11g$5K$5K
OccupancyLn 16$6K$6K
InterestLn 20$795K$795K
Depreciation, depletion and amortizationLn 22$696K$696K
InsuranceLn 23$46K$46K
Total functional expensesLn 25$1.6M$747K$877K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $955K$1.6M−$669K$972K 990 PDF
FY2020 $976K$1.6M−$631K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $955,013 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $955,013$955,013
VIII-12 Total revenueRelated to mission $955,013 · Unrelated business $0 · Excluded from tax $0$955,013
Part IX · Statement of functional expenses $1,624,166 across 6 lines filed
IX-11b Legal feesManagement $77,147$77,147
IX-11g Other fees for servicesManagement $5,150$5,150
IX-16 OccupancyPrograms $5,866$5,866
IX-20 InterestManagement $794,663$794,663
IX-22 Depreciation, depletion and amortizationPrograms $695,604$695,604
IX-23 InsurancePrograms $45,736$45,736
IX-25 Total functional expensesPrograms $747,206 · Management $876,960 · Fundraising $0$1,624,166
Part X · Balance sheet $18,277,130 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $399,454$398,491
X-9 Prepaid expenses and deferred charges$650
X-10c Land, buildings and equipment, netStart of year $18,457,093$17,761,489
X-15 Other assetsStart of year $134,500$116,500
X-16 Total assetsStart of year $19,024,112$18,277,130
X-17 Accounts payable and accrued expensesStart of year $80,125$147,796
X-19 Deferred revenue$49,500
X-25 Other liabilitiesStart of year $97,301$0
X-26 Total liabilitiesStart of year $17,383,369$17,305,540
X-27 Net assets without donor restrictionsStart of year $1,640,743$971,590
X-32 Total net assets or fund balancesStart of year $1,640,743$971,590
X-33 Total liabilities and net assetsStart of year $19,024,112$18,277,130
Part XI · Reconciliation of net assets $971,590 net assets at year end
XI-1 Total revenue$955,013
XI-2 Total expenses$1,624,166
XI-3 Revenue less expenses−$669,153
XI-4 Net assets at start of year$1,640,743
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$971,590

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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