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Lbcf Properties Foundation

Tax-deductible

Long Beach, CA501(c)(3)Human Services EIN 45-2979393Revenue $104K in FY2024

On file with the IRS1 World Trade Ctr FL 8th, 90831-0800 · Long Beach, CATax-exempt since Feb 2012Supporting org, Type I — 509(a)(3)

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To support the charitable mission of the long beach community Foundation by receiving donations of real property and other non-liquid assets and by managing, administering or disposing of these donated assets for the benefit of the supported Foundation.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average deficit $9K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
+17% vs prior year
Spent
$119K
To programs
67%
Net assets
$593K
By yearFY2020–FY2024
Revenue
$104K
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$84K
FY2022$93K
FY2023$89K
FY2024$104K
Expenses
$119K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$73K
FY2022$103K
FY2023$131K
FY2024$119K
Net assets
$593K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$649K
FY2021$660K
FY2022$650K
FY2023$608K
FY2024$593K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $79K Management & general 33% · $39K Fundraising 1% · $675

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Marcelle Epley
President/CEO
$0Pt VII · Sec A
Frank Newell
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Peterson
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Gary Delong
Director
$0Pt VII · Sec A
See Lbcf Properties Foundation 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

Manages and sells donated property and assets to fund community projects.

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Provided by the organization

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1 program · $79K · in their own filed words · FY2024
01

Leases commercial space to qualified charitable organizations

$79Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$104K
Ln 12
Fees for servicesLn 2g$105K
Investment incomeLn 3$136
Money outPt IX
$119K
Ln 25
Programscol B$79K
Managementcol C$39K
Fundraisingcol D$675
Owns and owesPt X
$593K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$595K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$105K
Investment incomeLn 3$136
Gains on assetsLn 7−$581
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Land, buildings, equipmentLn 10c$579K
Total assetsLn 16$595K
LiabilitiesLn 26$2K
Net assetsLn 32$593K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4K$15K
Land, buildings, equipmentLn 10c$605K$579K
Total assetsLn 16$610K$595K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$608K$593K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$925$925
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$906$906
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$2K$597$1K$675
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$75K$75K$895
Total functional expensesLn 25$119K$79K$39K$675

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $104K$119K−$15K$593K 990 PDF
FY2023 $89K$131K−$42K$608K 990 PDF
FY2022 $93K$103K−$10K$650K 990 PDF
FY2021 $84K$73K$11K$660K 990 PDF
FY2020 $81K$70K$11K$649K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $104,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$0
I-9 Program service revenuePrior year $88,013$104,747
I-10 Investment incomePrior year $367−$445
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $89,380$104,302
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $131,394$119,222
I-18 Total expensesPrior year $131,394$119,222
I-19 Revenue less expensesPrior year −$42,014−$14,920
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $104,302 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,747$104,747
VIII-3 Investment incomeExcluded from tax $136$136
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$581−$581
VIII-12 Total revenueRelated to mission $104,747 · Unrelated business $0 · Excluded from tax −$445$104,302
Part IX · Statement of functional expenses $119,222 across 8 lines filed
IX-11b Legal feesManagement $925$925
IX-11c Accounting feesManagement $1,050$1,050
IX-11f Investment management feesManagement $906$906
IX-11g Other fees for servicesManagement $8,512$8,512
IX-13 Office expensesPrograms $597 · Management $1,167 · Fundraising $675$2,439
IX-22 Depreciation, depletion and amortizationManagement $25,722$25,722
IX-23 InsurancePrograms $4,223$4,223
IX-24 Other expenses (24a–d)Programs $74,550 · Management $895$75,445
IX-25 Total functional expensesPrograms $79,370 · Management $39,177 · Fundraising $675$119,222
Part X · Balance sheet $595,018 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,584$14,766
X-9 Prepaid expenses and deferred chargesStart of year $1,405$1,405
X-10c Land, buildings and equipment, netStart of year $604,569$578,847
X-16 Total assetsStart of year $609,558$595,018
X-17 Accounts payable and accrued expensesStart of year $1,372$1,752
X-26 Total liabilitiesStart of year $1,372$1,752
X-27 Net assets without donor restrictionsStart of year $608,186$593,266
X-32 Total net assets or fund balancesStart of year $608,186$593,266
X-33 Total liabilities and net assetsStart of year $609,558$595,018
Part XI · Reconciliation of net assets $593,266 net assets at year end
XI-1 Total revenue$104,302
XI-2 Total expenses$119,222
XI-3 Revenue less expenses−$14,920
XI-4 Net assets at start of year$608,186
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$593,266

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

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