Standard Plus Foundation EIN 85-1576525 Form 990 (PDF) Claim this org

Standard Plus Foundation FY2021 filing

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Provides grants to individuals facing poverty, healthcare, educational, or other urgent needs. For fiscal year 2021 it reported $37K in revenue, $83K in expenses, and $3K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Los Angeles, CA
Filings
5 on file (2020–2021)
Revenue
$37KFY2021
Expenses
$83K
Net assets
$3K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-1576525 Public foundation / grantmaker Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Provides grants to individuals facing poverty, healthcare, educational, or other urgent needs.
Leadership
Jeffrey Jaeger · President
Money in and out
$37K revenue, $83K expenses
Bottom line
88% program efficiency
Grants paid & assets · FY2021
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$83K
Pt IX · Ln 25
Net assets
$3K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$47K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-128%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$37K
FY2021▼ -35%
Expenses
$83K
FY2021▲ ×13
Total assets
$3K
FY2021▼ -93%
Total liabilities
$228
FY2021
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$83K
Pt IX · Ln 25
Net assets
$3K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$3K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStandard Plus Foundation
EINHdr · item D85-1576525
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFOct 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Standard Plus Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $74K of program spending, described in the organization's own filed words · FY2021.
01

The foundation makes grants to residents of low-income housing projects who have been negatively impacted by the coronavirus epidemic. The foundation's support focuses on the residents of low-income housing projects the standard companies have developed and own.

$74Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$37K
Total revenueLn 12$37K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$74K
Management & general12%$10K
Total functional expensesLn 25$83K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$3K
Total liabilitiesLn 26$228
Total net assetsLn 32$3K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses (Pt IX) $83K · Less non-cash grants $17K · Cash operating expenses/yr $67K
0.6 months
Where the money goes
Program services
Program services $74K · Total expenses $83K
88%
Management & General
Management & general $10K · Total expenses $83K
12%
Fundraising
Fundraising $0 · Total expenses $83K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $46K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $37K · Total revenue $37K
100%
Government reliance
Government grants — · Total revenue $37K
Earned-income share
Program service revenue $0 · Total revenue $37K
0%
Investment reliance
Investment income $0 · Total revenue $37K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $83K
0%
Growth & trend
Revenue growth (YoY)
This year $37K · Prior year $56K
-35%
Net-asset trend (YoY)
End of year $3K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $37K · Expenses $83K
-128%
Liabilities-to-Assets
Total liabilities — · Total assets $3K
Net-asset ratio
Net assets $3K · Total assets $3K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Jaeger · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $83K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $83K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth -35%
Legal fee ratio 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$33K
Grants paid · 39 grants · $311K · 2021–2024
Lawndale Elementary School DistrictFY2024$10,000
Miriam's KitchenDC · FY2024$10,000
Westhab INCNY · FY2024$10,000
Habitat for Humanity ChicagoIL · FY2024$10,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$500
Unitemized GrantFY2024$500
Inner-City ArtsCA · FY2023$25,000
The Giving SpiritCA · FY2023$25,000
Apartment Life INCTX · FY2023$10,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
See all 39 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$89K revenue · ⤓ 990 PDF
FY2023$92K revenue · ⤓ 990 PDF
FY2022$153K revenue · ⤓ 990 PDF
FY2021$37K revenue · viewing · ⤓ 990 PDF
FY2020$56K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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