Klcs Education Foundation FY2022 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2013Arts & CultureEIN 46-3201162Revenue $456K in FY2022

On file with the IRS1061 W Temple St, 90012-1513 · Los Angeles, CATax-exempt since Mar 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To secure private funds to enhance the services and awareness of public television services offered by Klcs-tv.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
5 of 5
filings with a surplus
Average surplus $344K a year · 76% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
263 mo
of spending, in cash
Looks good: 262.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
-4% vs prior year
Spent
$77K
To programs
54%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$456K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$460K
FY2021$478K
FY2022$456K
FY2023$366K
FY2024$506K
FY2024$901K
Expenses
$77K
FY2022▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$112K
FY2022$77K
FY2023$101K
FY2024$236K
FY2024$309K
Net assets
$1.7M
FY2022▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$928K
FY2021$1.3M
FY2022$1.7M
FY2023$1.9M
FY2024$2.2M
FY2024$2.8M

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2015.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $41K Management & general 46% · $35K

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP & Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Klcs Education 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

Raises private funds to improve and promote public television services.

Questions for Klcs Education Foundation

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Provided by the organization

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1 program · $41K · in their own filed words · FY2021
01

To secure private funds to enhance the services and awareness of public television services offered by KLCS-TV.

$41Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$100
Grants paid · 6 grants · $110K · 2020–2024
Omni Entertainment INCFY2020$45,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$456K
Ln 12
Gifts and grantsLn 1h$455K
Investment incomeLn 3$612
Money outPt IX
$77K
Ln 25
Programscol B$41K
Managementcol C$35K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$455K
Investment incomeLn 3$612
Total revenueLn 12$456K
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$2K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$1.3M$1.7M
Total assetsLn 16$1.3M$1.7M
LiabilitiesLn 26$280$2K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Legal feesLn 11b$3K$3K
Other expenses (24a–d)Ln 24$64K$31K$32K
Total functional expensesLn 25$77K$41K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $506K$236K$270K$2.2M 990 PDF
FY2023 $366K$101K$265K$1.9M 990 PDF
FY2022 Viewing $456K$77K$380K$1.7M 990 PDF
FY2021 $478K$112K$365K$1.3M 990 PDF
FY2020 $460K$21K$439K$928K 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 FY2022 990 (6 parts)
Part I · Summary $456,060 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,681$455,448
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,166$612
I-11 Other revenuePrior year $43,676$0
I-12 Total revenuePrior year $477,523$456,060
I-13 Grants and similar amounts paidPrior year $78,000$10,000
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 $34,378$66,515
I-18 Total expensesPrior year $112,378$76,515
I-19 Revenue less expensesPrior year $365,145$379,545
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $456,060 across 5 lines filed
VIII-1b Membership dues$135,494
VIII-1f All other contributions, gifts and grants$319,954
VIII-1h Total contributions, gifts and grants$455,448
VIII-3 Investment incomeExcluded from tax $612$612
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $612$456,060
Part IX · Statement of functional expenses $76,515 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-11b Legal feesManagement $2,817$2,817
IX-24 Other expenses (24a–d)Programs $31,319 · Management $32,379$63,698
IX-25 Total functional expensesPrograms $41,319 · Management $35,196 · Fundraising $0$76,515
Part X · Balance sheet $1,674,906 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,293,438$1,674,906
X-16 Total assetsStart of year $1,293,438$1,674,906
X-17 Accounts payable and accrued expensesStart of year $280$2,203
X-26 Total liabilitiesStart of year $280$2,203
X-27 Net assets without donor restrictionsStart of year $1,293,158$1,672,703
X-32 Total net assets or fund balancesStart of year $1,293,158$1,672,703
X-33 Total liabilities and net assetsStart of year $1,293,438$1,674,906
Part XI · Reconciliation of net assets $1,672,703 net assets at year end
XI-1 Total revenue$456,060
XI-2 Total expenses$76,515
XI-3 Revenue less expenses$379,545
XI-4 Net assets at start of year$1,293,158
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,672,703

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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