Fact Foundation FY2020 filing

Glendale, CAUnknown exempt organizationEIN 95-1696706

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Provide financial support to the residents in the retirement communities formerly owned by Fact Foundation and now owned by front porch (a non profit corporation).

76¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 160% of spending
Concern: pay to officers and key staff is 160% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.6M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
Spent
$645K
To programs
76%
Net assets
$2.1M
By yearFY2020–FY2021
Revenue
$593K
FY2020
Revenue by fiscal year
FY2020$593K
FY2021$352K
Expenses
$645K
FY2020
Expenses by fiscal year
FY2020$645K
FY2021$279K
Net assets
$2.1M
FY2020
Net assets by fiscal year
FY2020$2.1M
FY2021$0

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

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $489K Management & general 24% · $156K Fundraising 0% · $288

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

8 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
CFO (beginning 7/1/19)
$455,473Pt VII · Sec A
CFO (ending 6/28/19)
$400,869Pt VII · Sec A
President/CEO
$176,827Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2021FY2020
Eduardo Salvador$493,105—
Eduardo Salvador—$455,473
Debbie Rompal—$400,869
Keith Church$188,652—
Keith Church—$176,827

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Offers financial aid to residents of former Fact Foundation retirement communities.

Provided by the organization

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1 program service account for $489K of program spending, described in the organization's own filed words · FY2019.
01

The foundation raises and distributes funds for the residents of villa gardens and vista del monte retirement communities. Assistance is provided to residents who experience financial hardship and for the purchase of equipment to improve the residents' quality of life.

$489Kprogram 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 · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$8K
Grants paid · 2 grants · $628K · 2019–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Investment incomeLn 3$415K
Gifts and grantsLn 1h$178K
Money outPt IX
$645K
Ln 25
Programscol B$489K
Managementcol C$156K
Fundraisingcol D$288
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$11.6M
LiabilitiesLn 26$9.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Investment incomeLn 3$415K
Gains on assetsLn 7$313K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$398K
SavingsLn 2$0
Cash and savings togetherLn 1–2$398K
InvestmentsLn 11–13$11.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$11.6M
LiabilitiesLn 26$9.6M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderMarch
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 FY20End FY20
Cash and savingsLn 1–2$393K$398K
InvestmentsLn 11–13$12.9M$11.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$13.4M$11.6M
LiabilitiesLn 26$10.6M$9.6M
Net assetsLn 32$2.7M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$489K$489K
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$127K$127K
Legal feesLn 11b$0
Accounting feesLn 11c$25K$25K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$226$226
Advertising and promotionLn 12$682$682
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$1K$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$2K$1K$288
Total functional expensesLn 25$645K$489K$156K$288

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $352K$279K$73K$0 990 PDF
FY2020 Viewing $593K$645K−$52K$2.1M 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 $592,739 across 8 lines filed
VIII-1f All other contributions, gifts and grants$178,150
VIII-1h Total contributions, gifts and grants$178,150
VIII-3 Investment incomeExcluded from tax $101,227$101,227
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $313,362$313,362
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $414,589$592,739
Part IX · Statement of functional expenses $644,799 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $488,783$488,783
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 feesManagement $127,336$127,336
IX-11b Legal fees$0
IX-11c Accounting feesManagement $24,860$24,860
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $226$226
IX-12 Advertising and promotionManagement $682$682
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 meetingsManagement $1,372$1,372
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $1,252 · Fundraising $288$1,540
IX-25 Total functional expensesPrograms $488,783 · Management $155,728 · Fundraising $288$644,799
Part X · Balance sheet $11,639,715 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $392,744$397,848
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $32,952$35,332
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,925,275$11,206,535
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 $13,350,971$11,639,715
X-17 Accounts payable and accrued expensesStart of year $11,628$128,863
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 $10,638,014$9,425,928
X-26 Total liabilitiesStart of year $10,649,642$9,554,791
X-27 Net assets without donor restrictionsStart of year $1,860,424$1,205,661
X-28 Net assets with donor restrictionsStart of year $840,905$879,263
X-32 Total net assets or fund balancesStart of year $2,701,329$2,084,924
X-33 Total liabilities and net assetsStart of year $13,350,971$11,639,715
Part XI · Reconciliation of net assets $2,084,924 net assets at year end
XI-1 Total revenue$592,739
XI-2 Total expenses$644,799
XI-3 Revenue less expenses−$52,060
XI-4 Net assets at start of year$2,701,329
XI-5 Net unrealized gains (losses) on investments−$564,345
XI-10 Net assets at end of year$2,084,924

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

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