2025-05-27T09:53:54-00:00 2024-06-30 834701792 Lewis Sharpstone & Co 5074 Tendilla Ave Woodland Hills CA 91364 990 2023-07-01 384135087 PALOS VERDES ESTATES FOUNDATION % PALOS VERDES ESTATES PALO 2133937977 PO BOX 955 PALOS VERDES ESTATES CA 90274 DAVID MCGOWAN PRESIDENT 2133937977 2025-05-27 true LEWIS SHARPSTONE P02256953 8185701960 2025-05-27 X 2023 2025-03-06 01:10:19Z X DAVID MCGOWAN PO BOX 955 PALOS VERDES ESTATES CA 90724 414730 false X PVEFOUNDATION.ORG X 2019 CA THE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES. 6 6 1 7 0 54562 405223 0 3404 9507 0 57966 414730 47628 69717 0 31868 54153 0 15816 54127 50487 133623 174357 -75657 240373 382518 624057 4491 5657 378027 618400 THE PALOS VERDES ESTATES FOUNDATION STRENGTHENS OUR COMMUNITY BY ENCOURAGING PHILANTHROPY THROUGH PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF PALOS VERDES ESTATES, AUGMENTING CULTURAL, RECREATIONAL, LIFESTYLE AND SAFETY PROGRAMS. false false 127043 69717 THE FOUNDATION MAKES GRANTS TO LOCAL NONPROFITS OR GOVERNMENTAL AGENCIES, OR PAYS CONTRACTORS WHO COMPLETE PROJECTS, ALL IN PURSUIT OF THE FOUNDATIONS MISSION. IN THE YEAR ENDED JUNE 30, 2024 THE FOUNDATION COMPLETED CITY BEAUTIFICATION PROJECTS IN THE AMOUNT OF 54,717 AND COMPLETED OTHER MISSION RELATED PROJECTS IN THE AMOUNT OF 15,000. 127043 true true false false false false false false false false false false false false true true false 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 false false false true 1 0 1 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true false false CA X X DAVID A MCGOWAN 2133937977 PO 955 PALOS VERDES ESTATES CA 90274 RENEE JACO EXECUTIVE DIRECTOR 040.00 X 50000 0 0 DAVID MCGOWAN PRESIDENT 004.00 X X 0 0 0 VIRGINIA BUTLER DIRECTOR 002.00 X 0 0 0 JANET TEAGUE SECRETARY 002.00 X X 0 0 0 BARTON GUREWITZ CHIEF FINANCIAL OFFICER 002.00 X X 0 0 0 CHAD ACALLISTER DIRECTOR 002.00 X 0 0 0 JULIA PARTON DIRECTOR 002.00 X 0 0 0 50000 false false false 405223 405223 9507 9507 414730 9507 69717 69717 0 0 0 50000 32500 12500 5000 0 0 0 0 4153 2700 1038 415 0 0 16512 16512 0 0 0 648 648 3004 1953 488 563 11056 8560 2496 0 0 0 0 6667 3334 3333 0 0 0 2238 2238 BANK CHARGES AND FEES 4678 3041 760 877 PRINTING AND PHOTOCOPY 2684 200 2484 REPAIRS AND MAINTENANCE 3000 3000 0 174357 127043 31498 15816 380744 622750 1774 1307 382518 624057 4491 5657 4491 5657 X 378027 234192 384208 378027 618400 382518 624057 240373 X true X false true X 48704 427680 488627 54562 405223 1424796 48704 427680 488627 54562 405223 1424796 145699 1279097 16 131 3404 9507 13058 1437854 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false Financial derivatives and other financial products Closely-held equity interests Federal income taxes X X 2 IN NOVEMBER 2021 THE FOUNDATION RECEIVED THE LETTER FROM THE INTERNAL REVENUE SERVICE RECOGNIZING THE FOUNDATION AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE, EFFECTIVE NOVEMBER 2019. IN JUNE 2023 THE FOUNDATION REALIZED THAT THE APPLICATION TO HAVE THE FOUNDATION BE SIMILARLY EXEMPT FROM STATE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE WAS NEVER FILED. THE APPLICATION WAS IMMEDIATELY PREPARED AND FILED. THE FOUNDATION EXPECTS THE CALIFORNIA FRANCHISE TAX BOARD WILL DETERMINE THAT THE FOUNDATION IS EXEMPT FROM STATE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND THAT THERE WILL BE NO ADVERSE CONSEQUENCES RESULTING FROM THE FOUNDATIONS OMISSION TO TIMELY FILE SUCH APPLICATION. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FOUNDATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATIONS RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. true CITY OF PALOS VERDES ESTATES 340 PALOS VERDES DR W PALOS VERDES ESTATES CA 90274 956000758 GOV AGENCY 54717 BEAUTIFICATION PROJECTS CITY OF PALOS VERDES ESTATES 340 PALOS VERDES DR W PALOS VERDES ESTATES CA 90274 956000758 GOV AGENCY 15000 GEORGE ALLEN FIELD PROJECT 2 Part I Line 2 GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. GRANT REVIEWS ENSURE THE FUNDS ARE SPENT AS PROPOSED. Form 990, Part VI, Section B, Line 11B FORM 990 IS CAREFULLY REVIEWED BY THE FOUNDATION PRESIDENT, THEN PROVIDED TO BOARD MEMBERS PRIOR TO FILING. Form 990, Part VI, Section B, Line 15A AND 15B THE ORGANIZATION FOLLOWS APPROPRIATE PROTOCOLS FOR DETERMINING THE COMPESATION OF THE EXECUTIVE DIRECTOR, INCLUDING USING COMPARATIVE DATA AND BOARD APPROVAL OF THE COMPENSATION. BOX 15A IS CHECKED YES FOR THIS REASON. BOX 15B IS CHECKED NO SINCE NO EMPLOYEES MEET THE DEFINITION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. Form 990, Part VI, Section B, Line 12c THE FOUNDATION HAS A ROBUST CONFLICT OF INTEREST POLICY. IN SHORT, DIRECTORS ARE REQUIRED TO RECUSE THEMSELVES OF ANY DECISION WHERE THEY HAVE A CONFLICT OF INTEREST. BOARD MEMBERS ACKNOWLEDGE RECEIPT AND ADHERANCE TO THE POLICY ANNUALLY.