Big Imagination Foundation FY2020 filing

Tax-deductible

Laguna Beach, CA501(c)(3)Since 2014Arts & CultureEIN 47-2543556

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Charitable organization

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$60K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
Spent
$105K
To programs
70%
Net assets
$254K
By yearFY2020–FY2024
Revenue
$405K
FY2020
Revenue by fiscal year
FY2020$405K
FY2021$30K
FY2024$200K
FY2024$201K
Expenses
$105K
FY2020
Expenses by fiscal year
FY2020$105K
FY2021Not on file
FY2024Not on file
FY2024$199K
Net assets
$254K
FY2020
Net assets by fiscal year
FY2020$254K
FY2021$241K
FY2024$39K
FY2024$2K

From the FY2020 Form 990 (year ending September 2020) · see the original

You’re viewing the FY2020 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 Jul 2015.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $74K Management & general 30% · $31K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Big Imagination 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 15aYes

Programs and updates

Fosters community projects in art, architecture, tech, and engineering for education and improvement.

Provided by the organization

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1 program service account for $74K of program spending, described in the organization's own filed words · FY2019.
01

747 art car project: transforming boeing 747 into giant,moveable,interactive experience for participants of burning man & beyond. Project utilizes arts, architecture,technolgy & enginerring to showcase talent & imagination. Project includes theme camp and lectures to promote the organization's mission.

$74Kprogram expense

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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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$405K
Ln 12
Investment incomeLn 3$392K
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$29
Money outPt IX
$105K
Ln 25
Programscol B$74K
Managementcol C$31K
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$314K
LiabilitiesLn 26$60K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$29
Investment incomeLn 3$392K
Gains on assetsLn 7$392K
Total revenueLn 12$405K
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$88K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$0
Total assetsLn 16$314K
LiabilitiesLn 26$60K
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$134K$88K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$287K$17K
Total assetsLn 16$635K$314K
LiabilitiesLn 26$715K$60K
Net assetsLn 32−$80K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105$105
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$320$320
Office expensesLn 13$0
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$786$786
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$36K$36K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$6K−$573$7K
All other expensesLn 24e$21K$18K$3K
Total functional expensesLn 25$105K$74K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $200K$39K 990 PDF
FY2023 Not on file
FY2022 Not on file
FY2021 $30K$241K 990 PDF
FY2020 Viewing $405K$105K$300K$254K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $405,270 across 9 lines filed
VIII-1f All other contributions, gifts and grants$5,211
VIII-1h Total contributions, gifts and grants$13,651
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29$29
VIII-3 Investment incomeRelated to mission $6$6
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $391,584$391,584
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $391,619$405,270
Part IX · Statement of functional expenses $105,496 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $105$105
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,725$10,725
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $320$320
IX-13 Office expenses$0
IX-14 Information technologyManagement $1,434$1,434
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $786$786
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $5,026$5,026
IX-20 InterestPrograms $35,711$35,711
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,123$21,123
IX-23 InsuranceManagement $3,207$3,207
IX-24 Other expenses (24a–d)Programs −$573 · Management $6,714$6,141
IX-24e All other expensesPrograms $17,502 · Management $3,416$20,918
IX-25 Total functional expensesPrograms $74,188 · Management $31,308 · Fundraising $0$105,496
Part X · Balance sheet $313,556 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $84,400$38,045
X-2 Savings and temporary cash investmentsStart of year $49,892$49,748
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $208,618$208,618
X-9 Prepaid expenses and deferred chargesStart of year $5,746$0
X-10c Land, buildings and equipment, netStart of year $286,686$17,145
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $635,342$313,556
X-17 Accounts payable and accrued expensesStart of year $60,000$60,000
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $34,844$0
X-26 Total liabilitiesStart of year $714,844$60,000
X-32 Total net assets or fund balancesStart of year −$79,502$253,556
X-33 Total liabilities and net assetsStart of year $635,342$313,556
Part XI · Reconciliation of net assets $253,556 net assets at year end
XI-1 Total revenue$405,270
XI-2 Total expenses$105,496
XI-3 Revenue less expenses$299,774
XI-4 Net assets at start of year−$79,502
XI-9 Other changes in net assets$33,284
XI-10 Net assets at end of year$253,556

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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