La Jolla Community Foundation

Tax-deductible

La Jolla, CA501(c)(3)Since 2022Community DevelopmentEIN 35-2754824Revenue $2.3M in FY2024

On file with the IRSljcommunityfoundatiion.org1020 Prospect St Ste 1, 92037-4133 · La Jolla, CATax-exempt since Aug 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the organization is to improve the La Jolla, california, Community by combatting Community deterioration, improving conditions, identifying Community problems and encouraging resolutions, enhancing public portions of the Community through public art, landscape and architectural improvements, and for related purposes.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 13 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $22K a year · 10% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 42% of spending
Top officer’s pay lower than 66% of similar orgs
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
88 mo
of spending, in cash
Looks good: 88.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $217K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+468% vs prior year
Spent
$306K
To programs
61%
Net assets
$3.6M
By yearFY2022–FY2024
Revenue
$2.3M
FY2024▲ +468%
Tap a bar for its year
Revenue by fiscal year
FY2022$25K
FY2024$408K
FY2024$2.3M
Expenses
$306K
FY2024▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2022$15K
FY2024$463K
FY2024$306K
Net assets
$3.6M
FY2024▲ +131%
Tap a bar for its year
Net assets by fiscal year
FY2022$11K
FY2024$1.5M
FY2024$3.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $186K Management & general 27% · $83K Fundraising 12% · $37K

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

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Who runs it and what they're paid

14 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$127,321Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lidia Rossner’s $127K as Executive Di is at the 34th percentile of top reported officer pay among 2832 $1–10M community development 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 · 1 named individual · Part VII

NameFY2024FY2022
Lidia Rossner$127,321$109,997

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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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 15aYes

Programs and updates

Improves La Jolla by fixing problems, adding public art, and enhancing community spaces.

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Provided by the organization

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1 program · $186K · in their own filed words · FY2024
01

Creation of a public right of way in the village of la jolla, california. The project will be performed in coordination with another nonprofit organization that works directly with the city of san diego to improve and maintain public spaces.

$186Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$65K
Money outPt IX
$306K
Ln 25
Programscol B$186K
Managementcol C$83K
Fundraisingcol D$37K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$3.6M
LiabilitiesLn 26$13K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$1.0M
Noncash giftsLn 1g$9K
Investment incomeLn 3$65K
Gains on assetsLn 7$465
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$3.6M
LiabilitiesLn 26$13K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 51
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$2.3M
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$1.5M$3.6M
LiabilitiesLn 26$274$13K
Net assetsLn 32$1.5M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$127K$64K$45K$19K
Payroll taxesLn 10$10K$5K$3K$1K
Legal feesLn 11b$100$100
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$119K$113K$3K$2K
Advertising and promotionLn 12$2K$2K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$748$748
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$19K$2K$3K$14K
Total functional expensesLn 25$306K$186K$83K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $408K$463K−$55K$1.5M 990 PDF
FY2023 Not on file
FY2022 $25K$15K$11K$11K 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 FY2024 990 (6 parts)
Part I · Summary $2,318,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $324,159$2,254,035
I-9 Program service revenue$0
I-10 Investment incomePrior year $83,874$64,823
I-11 Other revenue$0
I-12 Total revenuePrior year $408,033$2,318,858
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $138,180$136,878
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $319,914$168,736
I-18 Total expensesPrior year $463,094$305,614
I-19 Revenue less expensesPrior year −$55,061$2,013,244
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,318,858 across 7 lines filed
VIII-1e Government grants$1,000,000
VIII-1f All other contributions, gifts and grants$1,254,035
VIII-1g Noncash contributions (included above)$9,000
VIII-1h Total contributions, gifts and grants$2,254,035
VIII-3 Investment incomeRelated to mission $64,358$64,358
VIII-7 Net gain or loss on sales of assetsRelated to mission $465$465
VIII-12 Total revenueRelated to mission $64,823$2,318,858
Part IX · Statement of functional expenses $305,614 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,660 · Management $44,563 · Fundraising $19,098$127,321
IX-10 Payroll taxesPrograms $4,778 · Management $3,345 · Fundraising $1,434$9,557
IX-11b Legal feesPrograms $100$100
IX-11c Accounting feesManagement $14,786$14,786
IX-11g Other fees for servicesPrograms $113,451 · Management $3,473 · Fundraising $1,897$118,821
IX-12 Advertising and promotionPrograms $1,505$1,505
IX-16 OccupancyManagement $9,000$9,000
IX-22 Depreciation, depletion and amortizationManagement $748$748
IX-23 InsuranceManagement $4,980$4,980
IX-24 Other expenses (24a–d)Programs $2,018 · Management $2,517 · Fundraising $14,261$18,796
IX-25 Total functional expensesPrograms $185,512 · Management $83,412 · Fundraising $36,690$305,614
Part X · Balance sheet $3,588,558 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $33,555$26,612
X-2 Savings and temporary cash investmentsStart of year $1,409,445$2,225,245
X-3 Pledges and grants receivableStart of year $100,000$1,334,999
X-10c Land, buildings and equipment, netStart of year $2,450$1,702
X-16 Total assetsStart of year $1,545,450$3,588,558
X-17 Accounts payable and accrued expensesStart of year $274$12,788
X-26 Total liabilitiesStart of year $274$12,788
X-27 Net assets without donor restrictionsStart of year $552,611$605,626
X-28 Net assets with donor restrictionsStart of year $992,565$2,970,144
X-32 Total net assets or fund balancesStart of year $1,545,176$3,575,770
X-33 Total liabilities and net assetsStart of year $1,545,450$3,588,558
Part XI · Reconciliation of net assets $3,575,770 net assets at year end
XI-1 Total revenue$2,318,858
XI-2 Total expenses$305,614
XI-3 Revenue less expenses$2,013,244
XI-4 Net assets at start of year$1,545,176
XI-5 Net unrealized gains (losses) on investments$19,536
XI-7 Investment expenses−$2,186
XI-10 Net assets at end of year$3,575,770

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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