2024-11-15T12:48:36-08:00 2023-12-31 951637831 RUSS & ALLCROFT CPA 741 GLENVIA ST STE 100 GLENDALE CA 91206 990 2023-01-01 956068137 COMMUNITY FOUNDATION OF THE VERDUGOS COMM 8182418040 111 EAST BROADWAY 200 GLENDALE CA 91205 EDNA KARINSKI CEO 2024-11-15 true true ZHENGKAI QI P01329224 8182478260 X 2023 2024-10-15 13:58:12Z 111 EAST BROADWAY 200 GLENDALE CA 91205 3583611 false X WWW.CFVERDUGOS.ORG X 1956 GRANTS TO NON-PROFIT ORGANIZATIONS 12 12 2 0 1731212 509340 0 251374 349510 41670 28683 2024256 887533 559588 640740 0 181518 173789 0 92064 196587 207826 937693 1022355 1086563 -134822 12922942 14058295 847680 897556 12075262 13160739 X BY COMBINING THE POWER OF DONORS AND CHARITABLE ORGANIZATIONS, THE COMMUNITY FOUNDATION OF THE VERDUGOS INCREASES THE RELIABILITY AND IMPACT OF NON-PROFITS BY ESTABLISHING ENDOWED FUNDS THAT SUPPORT THE IMPACT OF SELF-RELIANT ORGANIZATION THROUGH GRANTS. false false 410224 384168 114297 DONOR RESTRICTED PASSTHOUGH FUND AND ENDOWMENT FUND GRANTS: PROVIDED AWARDS TO QUALIFIED CHARITABLE INSTITUTIONS IN ACCORDANCE WITH THE WISHES AND ADVICE OF DONORS. GRANTS ARE MADE FROM PASSTHROUGH FUNDS AND ENDOWMENT FUNDS. EACH "ADVISEMENT" MUST MEET GUIDELINES OUTLINED BY THE FOUNDATION, WHICH INCLUDES THAT THE RECIPIENT CHARITABLE INSTITUTION BE IN GOOD STANDING, AND THAT THE GRANT IS GOING TOWARD A CHARITABLE PURPOSE OR NEED. THE FOUNDATION MUST ALSO ASSURE THAT THE GRANT IS NOT INTENDED TO COVER THE COSTS OF EVENT TICKETS IN WHICH A BENEFIT MAY BE RECEIVED BY THE DONORS, ADVISORS, OR ANY RELATED PARTIES. FURTHER, THESE GRANTS CANNOT PROVIDE THE DONORS, ADVISORS, OR ANY RELATED PARTIES WITH ANY BENEFIT THAT COULD BE DEFINED AS A GRANT, LOAN, COMPENSATION, OR SIMILAR PAYMENTS. FURTHER THE FOUNDATION MUST ALSO ENSURE THAT THE GRANT DOES NOT REPRESENT THE PAYMENT OF ANY LEGALLY BINDING PLEDGE OR OTHER FINANCIAL OBLIGATION OF THE DONORS, ADVISORS, OR ANY RELATED PARTIES. EACH FUND IS TRACKED INDIVIDUALLY USING FUND ACCOUNTING BEST PRACTICES. THEREFORE, THE TWO STAFF MEMBERS SPEND CONSIDERABLE TIME MANAGING AND RECORDING TRANSACTIONS AND ACTIVITIES FROM DIFFERENT FUNDS EACH MONTH. 216295 175000 118138 SCHOLARSHIPS (GRANTS): AMOUNTS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS UPON RECEIPT OF PROOF OF ENROLLMENT OF RECIPIENT STUDENTS. AMOUNTS ARE NEVER PAID DIRECTLY TO AN INDIVIDUAL. THE SCHOLARSHIP PROGRAM RUNS ALL YEAR LONG WITH ALL TWO STAFF INVOLVED IN SOME OR ALL ASPECTS OF THE ACTIVITIES. THE SCHOLARSHIP PROGRAM IS A LARGER PART OF THE FOUNDATION'S WORK AND NO FUNDRAISING ACTIVITIES TAKE PLACE AS THE PURPOSE IS TO ISSUE SCHOLARSHIPS/GRANTS FROM FUNDS THAT ARE RESTRICTED. THERE ARE COSTS ASSOCIATED WITH THIS OVERALL PROGRAM THAT ARE INCORPORATED INTO THE OPERATIONAL BUDGET FOR THE FOUNDATION. 107397 60775 204505 UNRESTRICTED AND BOARD DESIGNATED GRANTS: PROVIDING AWARDS TO CHARITABLE ORGANIZATIONS (UPON THEIR SUBMISSION OF AN APPLICATION TO ONE COMPETITIVE GRANTMAKING CYCLE ANNUALLY). THERE ARE TWO STAFF MEMBERS EMPLOYED TO ASSIST WITH THE FOUNDATION'S ANNUAL OPERATIONS. GRANTS ARE MADE FOR THE PHYSICAL, SOCIAL, MENTAL, AND EDUCATIONAL WELL-BEING OF RESIDENTS RESIDING IN BURBANK, GLENDALE AND THE FOOTHILL COMMUNITIES OF LA CANADA, LA CRESCENTA, MONTROSE, AND VERDUGO CITY INCLUDING COMMUNITIES SURROUNDING THIS AREA. GRANTS ARE MADE TO AREA NONPROFITS FOR PROGRAMS AND SERVICES RANGING FROM HEALTHCARE NEEDS AND SOCIAL SERVICES, TO THE ARTS, EDUCATION, CIVIC NEEDS, AND ENVIRONMENTAL AND ANIMAL WELFARE SERVICES. BECAUSE OF THE COMPLEXITY OF TRACKING EXPENSES SPENT IN THE ISSUANCE OF GRANTS (AND IN THE REQUESTING OF FOLLOW-UP REPORTS FROM NONPROFITS RECEIVING GRANTS) AND IN TRACKING EXPENSES SPENT IN THE CULTIVATION OF DONORS WISHING TO IMPLEMENT A DONOR ADVISED FUND, TRACKING SPECIFIC ACTIVITIES TO EACH GRANT OR DONOR RELATION WOULD BE IMPRACTICAL. THE FOUNDATION DOES NOT DO ANNUAL CAMPAIGNS OR GALAS OR OTHER FUNDRAISING ACTIVITIES THAT MANY NONPROFITS TAKE PART IN BUT, RATHER, RELIES MORE ON BUILDING ONE-ON -ONE RELATIONSHIPS WITH DONORS AND PROSPECTIVE DONORS THROUGH PLANNED GIVING AND BEQUEST EFFORTS. 31314 20797 9400 765230 true true false false false true false false false true true false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 false 2 true false false false false false false false 0 false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false EDNA KARINSKI 8182418040 111 EAST BROADWAY SUITE 200 GLENDALE CA 91205 X EDNA KARINSKI CEO 50.00 0.00 109100 0 10500 LISA KOONTZ Director 0.00 0.00 X 0 0 0 SHELDON ESKIN Chairman 0.00 0.00 X X 0 0 0 ADEL LUZURIAGA CFO 0.00 0.00 X X 0 0 0 PETER BAGHDASSARIAN Secretary 0.00 0.00 X X 0 0 0 DELYNN RUSSELL Director 0.00 0.00 X 0 0 0 MARY BEDROSIAN-VALENCIA Director 0.00 0.00 X 0 0 0 MICHAEL W DEAKTOR Director 0.00 0.00 X 0 0 0 JUDITH DELLINGER Director 0.00 0.00 X 0 0 0 NANCY GUILLEN Director 0.00 0.00 X 0 0 0 SEOK JO Director 0.00 0.00 X 0 0 0 MANNY MASHHOUD Director 0.00 0.00 X 0 0 0 TIMOTHY MCQUAY Director 0.00 0.00 X 0 0 0 109100 10500 1 false false false 0 509340 509340 0 375558 375558 0 0 0 2670030 2696078 -26048 -26048 -26048 0 0 0 CAPITAL GAIN DISTRIBUTIONS 14465 14465 OTHER REVENUE 14218 14218 28683 887533 14218 363975 640740 640740 0 0 0 109100 32730 49095 27275 0 24060 7218 10827 6015 10500 3150 4725 2625 18647 5594 8391 4662 11482 3445 5167 2870 0 2500 750 1125 625 11000 3300 4950 2750 0 0 67404 20221 30332 16851 0 2444 845 1599 3407 1022 1533 852 24100 10828 8532 4740 0 38264 11479 17219 9566 0 0 46 46 0 0 0 6162 1849 2773 1540 AGENCY FUND EXPENSE 10517 10517 TELEPHONE AND INTERNET 6131 1840 2758 1533 WEBSITE 5476 1643 2464 1369 DUES AND SUBSCRIPTIONS 5400 1620 2430 1350 24975 6439 12740 5796 1022355 765230 165061 92064 45444 621654 869282 0 0 0 0 0 0 3088 7949 91139 85740 4586 5399 12080817 12950578 0 0 0 212797 179643 12922942 14058295 545 6765 75753 104450 771382 786341 847680 897556 X 2528013 2935629 9547249 10225110 12075262 13160739 12922942 14058295 X -134822 1212661 7638 X false true X true false X 661926 418292 473740 1731212 509340 3794510 0 0 661926 418292 473740 1731212 509340 3794510 0 3794510 283404 257834 223771 269360 375558 1409927 0 0 5204437 0.72910 0.74920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36 7 69672 9400 105038 20797 545304 617306 true true 8965173 225763 1066381 454130 123381 9679806 10604863 510118 -1597224 427819 124765 8965173 9828506 128885 1107193 380564 133157 10550863 9287775 113826 913724 371840 114979 9828506 8099527 356575 1464757 350884 112892 9457083 false false false 57933 57933 33206 27807 5399 5399 AGENCY ENDOWMENT FUNDS 617306 LEASE LIABILITIES 169035 786341 2076518 1212661 998 1213659 862859 24674 24674 887533 991041 991041 31314 31314 1022355 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 AGENCY ENDOWMENT CAPITAL LOSS $998 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S AGENCY ENDOWMENT CONTRIBUTIONS $9400 AGENCY ENDOWMENT INTEREST INCOME $15274 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S AGENCY ENDOWMENT DISTRIBUTIONS $20797 AGENCY ENDOWMENT EXPENSES $10517 true ADVENTIST HEALTH GLENDALE FOU 1509 WILSON TERRACE GLENDALE CA 91206 501(C)(3) 10000 0 ART AND CULTURE ANTAEUS THEATRE COMPANY 110 E BROADWAY GLENDALE CA 91205 501(C)(3) 7135 0 GENERAL SUPPORT ARMENIAN AMERICAN MUSEUM AND 116 NORTH ARTSAKH AVENUE 205 GLENDALE CA 91206 501(C)(3) 6250 0 GENERAL SUPPORT BOYS SCOUTS OF AMERICA PO BOX 152079 IRVING TX 75015 501(C)(3) 30421 0 GENERAL SUPPORT BURBANK ARTS AND EDUCATION 510 S SHELTON ST BURBANK CA 91506 501(C)(3) 17455 0 GENERAL SUPPORT CAMPBEL CENTER 6512 SAN FERNANDO ROAD GLENDALE CA 91201 501(C)(3) 16796 0 GENERAL SUPPORT DIDI HIRSCH PSYCHIATRIC SERVI 1540 EAST COLORADO ST GLENDALE CA 91205 501(C)(3) 12000 0 GENERAL SUPPORT DOOR OF HOPE PO BOX 90455 PASADENA CA 91109 501(C)(3) 32662 0 GENERAL SUPPORT FILM MUSIC FOUNDATION 15760 VENTURA BLVD 700 ENCINO CA 91436 501(C)(3) 104549 0 GENERAL SUPPORT GLENDALE LIBRARY 222 E HARVARD ST GLENDALE CA 91205 501(C)(3) 5259 0 GENERAL SUPPORT GLENDALE YOUTH ALLIANCE 1255 S CENTRAL AVE GLENDALE CA 91204 501(C)(3) 10000 0 GENERAL SUPPORT HOME AGAIN LOS ANGELES PO BOX 7151 BURBANK CA 91510 501(C)(3) 10000 0 GENERAL SUPPORT KIDS COMMUNITY DETNAL CLINIC 400 WEST ELMWOOD AVE BURBANK CA 91506 501(C)(3) 18000 0 GENERAL SUPPORT OLIVE CREST 805 N CENTRAL AVE GLENDAEL CA 91203 501(C)(3) 8000 0 GENERAL SUPPORT SALVATION ARMY - GLENDALE 320 W WINDOR RD GLENDALE CA 91204 501(C)(3) 9002 0 GENERAL SUPPORT ST FRANCIS XAVIER SCHOOL 3601 SCOTT RD BURBANK CA 91504 501(C)(3) 7000 0 GENERAL SUPPORT YMCA OF FOOTHILLS 1930 FOOTHILLS BLVD LA CANADA CA 91011 501(C)(3) 15700 0 GENERAL SUPPORT YWCA OF GLENDALE 735 E LEXINGTON DR GLENDALE CA 91206 501(C)(3) 6565 0 GENERAL SUPPORT 0 18 Grantmaker's Description of How Grants are Used The CFV's grant focus is for nonprofits either located or providing services within the Verdugo Region which are the communities and cities surrounding the CFV's location. Prior to any grant funds approved, the CFV ensures that the grantee's non-profit standing is in good status with the IRS through the use of the Guidestar database. This also provides the CFV with other information in relation to the grantee's location (locally or in the United States), mission, purpose, financials, 990s, etc. After a grantee has received its funds from the CFV, the organization is required to submit a final report - with photos if available - evaluating the outcome of the program/request and how and where the funds were used; this report is required within 180 days (six months) of the grant's approval and issuance. Grantees must submit this report if they wish to be able to be considered in future funding consideration. LEE WOCHNER FORMER DIRECTOR 4736 WEBSITE MAINTENANCE false Schedule L, Part V Supplemental Information The Foundation's website maintenance is handled by a company owned by one of its former board member. The total website maintenance fees paid to that company was $4,736 for the year ended December 31, 2023. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: SIX AGENCY ENDWOMENTS ARE HELD BY THE FOUNDATION. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 AGENCY ENDOWMENT CONTRIBUTIONS = -$9400 Form 990, Part XI, Line 9 AGENCY ENDOWMENT DISTRIBUTIONS = $20797 Form 990, Part XI, Line 9 AGENCY ENDOWMENT EXPENSES = $10517 Form 990, Part XI, Line 9 AGENCY ENDOWMENT INTREST INCOME = -$15274 Form 990, Part XI, Line 9 AGENCY ENDWOMENT CAPITAL LOSS = $998