Fairbrook Foundation in Los Angeles, California (CA)

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Fairbrook Foundation
Employer Identification Number (EIN)200993106
Name of OrganizationFairbrook Foundation
Address221 S Figueroa Street No 400, Los Angeles, CA 90012-2524
SubsectionCharitable Organization
Ruling Date10/2004
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,292,293
Amount of Income$4,686,111
Form 990 Revenue Amount$4,524,846
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support


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Amount of income in 2011: $4,686,111
This organization: 

 $4,686,111
Other organizations performing similar types of work: 

 $165,698

Assets in 2011: $43,292,293
This organization: 

 $43,292,293
Other organizations performing similar types of work: 

 $849,636

Expenses in 2007: $7,940,409
This organization: 

 $7,940,409
Other organizations performing similar types of work: 

 $1,138,306

Income to expenses ratio in 2007: 1.2
Fairbrook Foundation: 

 1.2
Other organizations performing similar types of work: 

 3.0

Expenses allocated to program services in 2007: 96.4%
This organization: 

 96.4%
Other organizations performing similar types of work: 

 95.3%

Grants share in income in 2007: 0.0%
Fairbrook Foundation: 

 0.0%
Other organizations performing similar types of work: 

 81.3%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$60,886,895$1,795,076$3,409,643$9,746,538
Contributions, gifts, grants, and similar amounts received$64,257,747$0$0$0
Contributions to donor advised funds$0$0
Direct public support$64,257,747$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$278,220$485,454$0$0
Dividends and interest from securities$546,234$427,118$1,233,331$1,352,931
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-4,195,306$882,504$2,176,312$8,393,607
Gross amount from sales of assets other than inventory$60,062,441$882,504$2,176,312$8,393,607
Less: cost or other basis and sales expenses$64,257,747$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$3,993,294$1,692,117$3,459,211$7,940,409
Program services$3,728,000$1,367,359$3,074,780$7,653,513
Management and general$265,294$324,758$384,431$286,896
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$59,463,492$61,690,785$65,706,868$63,393,454
Excess or (deficit) for the year$56,893,601$102,959$-49,568$1,806,129
Net assets or fund balances at beginning of year$0$59,463,492$61,690,785$65,706,868
Other changes in net assets or fund balances$2,569,891$2,124,334$4,065,651$-4,119,543
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$7,940,409$7,653,513$286,896$0
Grants paid from donor advised funds$0
Other grants and allocations$7,653,513
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,300$0$1,300$0
Legal fees$233$0$233$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$285,363$0$285,363$0
Balance Sheets
2004200520062007
Total assets$59,463,492$61,770,785$66,596,420$66,413,454
Cash - non-interest-bearing$1,028,918$0$0$0
Savings and temporary cash investments$1,024,185$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$51,588,915$65,881,969
Investments - other securities$57,410,389$61,770,785$15,007,505$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$531,485
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$0$80,000$889,552$3,020,000
Accounts payable and accrued expenses$0$0$0$0
Grants payable$0$80,000$40,000$3,020,000
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$849,552$0
Total liabilities and net assets/fund balances$59,463,492$61,770,785$66,596,420$66,413,454
Total net assets or fund balances$59,463,492$61,690,785$65,706,868$63,393,454
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$60,886,895$1,795,076$3,409,643$9,746,538
Total revenue, gains, and other support per audited financial statements$63,456,786$3,919,410$7,475,294$5,626,995
Other expenses$2,569,891$2,124,334$4,065,651$-4,119,543
Net unrealized gains on investments$2,569,891$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$2,124,334$4,065,651$-4,119,543
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$3,993,294$1,692,117$3,459,211$7,940,409
Total expenses and losses per audited financial statements$3,993,294$1,692,117$3,459,211$7,940,409
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$9,746,538$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,352,931$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$8,393,607$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organization4
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
953510055California Community FoundationOrganization that receives a substantial part of its support from a governmental unit or from the general publicYes$0
Total$0
Support Schedule
2003200420052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$4,524,846
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$721,106
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$2,298,643
Gross amount from sales of assets other than inventory (Securities / Other)$2,459,908 / $0
Less: cost or other basis and sales expenses (Securities / Other)$161,265 / $0
Gain or (loss) (Securities / Other)$2,298,643 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,505,097
Statement of Functional Expenses (for 2011)
Total functional expenses$5,794,397
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$5,794,397
Balance Sheet (for 2011)
Total assets$43,292,293
Total liabilities$0
Total net assets or fund balances$43,292,293
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Knights Of Columbus Charities Usa IncOne Columbus Plaza, New Haven, CT 06510-3326CT2004-08$29,291,005
2Cf Foundation Inc3445 Peachtree Rd Ne, Atlanta, GA 30326-3238GA1988-05$19,870,996
3Howard P Colhoun Fam Foundation Inc, Howard P Colhoun14114 Mantua Mill Rd, Glyndon, MD 21136-4836MD1994-07$15,792,607
4Fairbrook Foundation221 S Figueroa Street No 400, Los Angeles, CA 90012-2524CA2004-10$4,686,111
5Homebuilding Community Foundation5120 Woodway Dr Ste 6000, Houston, TX 77056-1791TX2002-08$2,208,694
6Mcf Property Holdings Inc5 Hamilton Landing Ste 200, Novato, CA 94949-8263CA1998-09$1,989,364
7Precious Moments Supporting Foundation4105 S Chapel Rd, Carthage, MO 64836-8848MO2002-05$1,633,367
8Melody S Robidoux Foundation2033 E Speedway Blvd Ste 102, Tucson, AZ 85719-4743AZ1991-05$1,423,041
9Jcfre Supporting Foundation5801 W 115th St Ste 101, Overland Park, KS 66211-1800KS2001-01$890,478
10Lezah Stenger Foundation5051 S National Avenue, Springfield, MO 65810-2878MO2000-01$138,018
11Good Samaritan Endowment Inc3355 W Alabama St Ste 1025, Houston, TX 77098-1867TX2005-01$115,688
12Toledo Community Foundation Supporting Organization300 Madison Ave Ste 1300, Toledo, OH 43604-1583OH2004-12$26,448
13Greater Horizons1055 Broadway, Kansas City, MO 64105-1575MO2009-06$138,665,403
14Greater Cedar Rapids Community Foundation Support Tr, Morf Paul P Et Al Ttee115 3rd St Se Ste 1200, Cedar Rapids, IA 52401-1222IA2002-12$9,571,264
15Colorado Springs Child Nursery Centers Foundation104 E Rio Grande St, Colorado Spgs, CO 80903-4010CO1999-04$7,823,085
16Cn Wodehouse Hawaii Childrens Tr Fund TrPO BOX 3170, Honolulu, HI 96802-3170HI2004-02$7,653,338
17Beauchamp Charities2454 Alton Pkwy, Irvine, CA 92606-5037CA2001-10$7,261,783
18Mielke Family Foundation IncPO BOX 563, Appleton, WI 54912-0563WI1965-01$6,428,532
19Council For Jewish Elderly Endowment Foundation30 South Wells No 4049, Chicago, IL 60606-5054IL1999-10$6,142,476
20Albertina Kerr Centers Foundation Inc424 Ne 22nd Ave, Portland, OR 97232-2809OR2001-01$3,074,402
21Lawton Community Foundation Affilated Fund Of The Okc City ComPO BOX 1146, Oklahoma City, OK 73101-1146OK2000-12$2,793,620
22R P Simmons Family Charitable Tr, Simmons Bozzone Broadhurst Etal Tte5 Ppg Pl Ste 250, Pittsburgh, PA 15222-5405PA2000-11$2,749,059
23Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca255 S Trade St, Tryon, NC 28782-3707NC2007-01$2,328,830
24Djr Foundation1055 St Charles Ave Ste 100, New Orleans, LA 70130-3981LA2000-05$2,113,533
25Northcrest Foundation Inc1801 20th St, Ames, IA 50010-5165IA2001-03$1,719,510
26Real Estate Trust At Silicon Valley Community Foundation2440 W El Camino Real Ste 300, Mountain View, CA 94040-1498CA2003-11$809,753
27Breen Family Foundation, Richard Breen6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA2008-03$206,911
28Mary & Harold Zlot Family Foundation121 Steuart Street, San Francisco, CA 94105-1236CA2001-03$145,187
29James D Harris And Lisa C Friedman Family Foundation121 Steuart St, San Francisco, CA 94105-1236CA2000-04$71,614
30Edward Raphael Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA2002-07$437
Number of organizations performing similar types of work
Alabama1
Arkansas2
Arizona7
California17
Colorado5
Connecticut2
Delaware1
Florida9
Georgia8
Hawaii2
Iowa3
Illinois10
Indiana4
Kansas3
Kentucky3
Louisiana6
Massachusetts1
Maryland9
Maine1
Michigan2
Minnesota2
Missouri9
North Carolina7
Nebraska1
New Jersey8
Nevada1
New York11
Ohio14
Oklahoma4
Oregon2
Pennsylvania10
Rhode Island1
South Carolina1
South Dakota1
Tennessee3
Texas15
Virginia3
Vermont1
Washington8
Wisconsin3
Wyoming2
Total203

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