Downey Rose Float Association INC

Tax-deductible

Downey, CA501(c)(3)Arts & CultureEIN 94-2569900

Design and construction of rose float to represent the city of downey, ca in the tournament of roses parade.

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

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 2
filings with a surplus
Average surplus $83K a year · 45% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 14 voting members
Concern: none of 14 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$139K
+171% vs prior year
Spent
$100K
To programs
70%
Net assets
$250K
By yearFY2020–FY2024
Revenue
$139K
FY2024▲ +171%
Revenue by fiscal year
FY2020$44K
FY2021$43K
FY2022$234K
FY2023$51K
FY2024$139K
Expenses
$100K
FY2024▼ -6%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$106K
FY2023Not on file
FY2024$100K
Net assets
$250K
FY2024▲ +18%
Net assets by fiscal year
FY2020$260K
FY2021$229K
FY2022$356K
FY2023$211K
FY2024$250K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1986.

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% · $70K Management & general 30% · $30K

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Downey Rose Float Association INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds a rose float for the Tournament of Roses Parade.

Provided by the organization

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1 program service account for $70K of program spending, described in the organization's own filed words · FY2024.
01

Design and construction of a rose float to represent the city of downey, ca in the tournament of roses parade.

$70Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$19

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$139K
Ln 12
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$40K
Investment incomeLn 3$19K
Money outPt IX
$100K
Ln 25
Programscol B$70K
Managementcol C$30K
Owns and owesPt X
$250K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$252K
LiabilitiesLn 26$2K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Investment incomeLn 3$19K
Other incomeLn 4–11$40K
Gains on assetsLn 7$0
Total revenueLn 12$139K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$0
Cash and savings togetherLn 1–2$53K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$29K
Other assetsLn 15$170K
Total assetsLn 16$252K
LiabilitiesLn 26$2K
Net assetsLn 32$250K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$31K$53K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$29K$29K
Total assetsLn 16$211K$252K
LiabilitiesLn 26$0$2K
Net assetsLn 32$211K$250K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$94K$70K$24K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$100K$70K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $139K$100K$39K$250K 990 PDF
FY2023 $51K$211K 990 PDF
FY2022 $234K$106K$128K$356K 990 PDF
FY2021 $43K$229K 990 PDF
FY2020 $44K$260K 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 (4 parts)
Part VIII · Statement of revenue $139,207 across 9 lines filed
VIII-1b Membership dues$370
VIII-1f All other contributions, gifts and grants$79,763
VIII-1h Total contributions, gifts and grants$80,133
VIII-3 Investment incomeRelated to mission $18,881$18,881
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$40,193
VIII-12 Total revenueRelated to mission $18,881$139,207
Part IX · Statement of functional expenses $100,256 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 fees$0
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 promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $4,909$4,909
IX-24 Other expenses (24a–d)Programs $69,842 · Management $23,721$93,563
IX-24e All other expensesManagement $1,784$1,784
IX-25 Total functional expensesPrograms $69,842 · Management $30,414 · Fundraising $0$100,256
Part X · Balance sheet $251,739 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $30,948$52,897
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $29,149$29,149
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $150,507$169,693
X-16 Total assetsStart of year $210,604$251,739
X-17 Accounts payable and accrued expenses$2,184
X-26 Total liabilitiesStart of year $0$2,184
X-32 Total net assets or fund balancesStart of year $210,604$249,555
X-33 Total liabilities and net assetsStart of year $210,604$251,739
Part XI · Reconciliation of net assets $249,555 net assets at year end
XI-1 Total revenue$139,207
XI-2 Total expenses$100,256
XI-3 Revenue less expenses$38,951
XI-4 Net assets at start of year$210,604
XI-10 Net assets at end of year$249,555

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

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