2023-10-06T17:39:48-05:00 2022-12-31 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2022-01-01 204420241 THE DISCOVERY LAND COMPANY FOUNDATION DISC 3108590700 257 NORTH CANON DRIVE THIRD FLOOR BEVERLY HILLS CA 90210 CHRISTY NICHOLS EXECUTIVE DIRECTOR/SECRETARY 3108590700 2023-10-06 1 CHRISTY NICHOLS 999009999 0 MATTHEW PETROSKI P00853132 3104784148 2023-10-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTY NICHOLS 257 NORTH CANON DRIVE THIRD FLOOR BEVERLY HILLS CA 90210 3284201 0 X HTTP://DISCOVERYLANDCOFOUNDATION.ORG X 2006 CA TO STRENGTHEN NON-PROFIT AND CHARITABLE PROGRAMS THAT SERVE CHILDREN AND FAMILIES. 3 1 1 2 0 0 471515 3096801 0 0 7490 105522 0 -429841 479005 2772482 1271772 2320281 0 0 242005 241830 0 0 65518 236708 457023 1750485 3019134 -1271480 -246652 15131423 14691030 466151 321920 14665272 14369110 X TO STRENGTHEN NON-PROFIT AND CHARITABLE PROGRAMS THAT SERVE CHILDREN AND FAMILIES, INCLUDING SHELTERS AND FOSTER CARE FACILITIES, IN THE COMMUNITIES THAT SURROUND DISCOVERY LAND COMPANY DEVELOPMENTS. 0 0 2306309 2018361 ABACO RELIEF PROGRAMFOLLOWING HURRICANE DORIAN IN 2019, THE ABACO RELIEF PROGRAM PROVIDED EMERGENCY ASSISTANCE TO THE COMMUNITY OF ABACO, BAHAMAS. ABACO RELIEF SUPPORTED EVACUATIONS, HOUSING, MEALS, SUPPLIES, TRANSPORTATION, BUILDING MATERIALS, AND MORE IMMEDIATE PROVISIONS. THIS SUPPORT WAS ONGOING THROUGHOUT 2022. WITH THE HELP OF LOCAL LEADERS, RESIDENTS, AND OTHER ORGANIZATIONS, DLCF HAS COMPLETED THE RECONSTRUCTION OF THREE SCHOOLS IN ABACO, ALL BUILT TO STRONGER CODES FOR USE AS STORM SHELTERS. TWO OF THE SCHOOLS USUALLY TEACH 1000 STUDENTS, AND ONE SCHOOL IS FOR CHILDREN WITH SPECIAL NEEDS, ASSISTING AROUND 100 CHILDREN ANNUALLY. DLCF ALSO PROVIDED HOUSING REPAIRS AND RECONSTRUCTION FOR MANY RESIDENTS IN ABACO, INCLUDING MEDICAL STAFF AT THE HOSPITAL IN MARSH HARBOUR. THE HOME REPAIRS AND THE PROCESS AND PREPARATION FOR BUILDING A NEW CLINIC CONTINUED THROUGH 2020, 2021, AND 2022. THE DONATED NEW PUBLIC CLINIC IS DUE FOR COMPLETION IN 2023. 471991 301920 THE DISCOVERY LAND COMPANY FOUNDATION HAS THREE MAIN ACTIVITIES: (1) FUND AND HELP CREATE INNOVATIVE HIGH-QUALITY FOSTER CARE PROGRAMS FOR CHILDREN UTILIZING RESIDENTIAL FACILITIES. (2) CONTRIBUTE TO CHARITABLE, NON-PROFIT ORGANIZATIONS WHO FOCUS ON THE URGENT HOUSING, EDUCATION, AND MEDICAL NEEDS OF FAMILIES IN LOCAL COMMUNITIES AROUND DISCOVERY LAND COMPANY'S PROJECTS. (3) CONNECT THE FOUNDATION'S GRANT RECIPIENTS WITH ADDITIONAL RESOURCES TO FURTHER THEIR GROWTH AND SUCCESS. 2778300 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA FL MA NC NY TN X CHRISTY NICHOLS 3108590700 257 NORTH CANON DRIVE THIRD FLOOR BEVERLY HILLS CA 90210 CHRISTY NICHOLS EXECUTIVE DIRECTOR/SECRETARY 40.00 X X 229390 0 0 MICHAEL MELDMAN PRESIDENT 2.00 X X 0 0 0 HUNTER SCOTT MELDMAN TREASURER 5.00 X X 0 0 0 229390 0 0 1 0 1 0 0 2055797 1041004 3096801 105522 105522 175 175 0 0 81703 2055797 511544 -429841 -429841 2772482 0 0 -324319 1920281 1920281 400000 400000 229390 160573 45878 22939 12440 8708 2488 1244 72331 20849 51482 57601 1540 56061 3227 2889 225 113 40936 253 1387 39296 2564 638 1926 17157 17157 ABACO RELIEF PROGRAM 263207 263207 3019134 2778300 175316 65518 8068915 7297298 383665 662487 36034 32931 6642809 6698314 15131423 14691030 16151 21920 450000 300000 466151 321920 X 1621902 3630549 13043370 10738561 14665272 14369110 15131423 14691030 -246652 -49510 0 X 0 1 X 1 0 X 2046432 16239265 2104561 471515 3096801 23958574 2046432 16239265 2104561 471515 3096801 23958574 507047 23451527 295 26056 33285 7490 105522 172648 156190 229245 49294 81703 516432 24647654 0.95150 0.95010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING PROCEEDS - 2018 AMOUNT: $ 156,190. 2019 AMOUNT: $ 229,245. 2020 AMOUNT: $ 49,294. 2022 AMOUNT: $ 81,703. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2722972 -49510 -49510 2772482 0 2772482 3019134 0 3019134 0 3019134 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED UNDER THE LAWS OF CALIFORNIA AND, AS SUCH, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND CORRESPONDING STATE PROVISIONS. FURTHERMORE, THE FOUNDATION IS CLASSIFIED AS A PUBLIC CHARITY DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE FOUNDATION'S FEDERAL INCOME TAX AND INFORMATIONAL RETURNS FOR TAX YEARS ENDING DECEMBER 31, 2019 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA, THE FOUNDATION 'S MOST SIGNIFICANT JURISDICTION, REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS ENDING DECEMBER 31, 2018 AND SUBSEQUENT. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10-05 RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE FOUNDATION, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF ANY UNRELATED BUSINESS INCOME ATTRIBUTABLE TO THE FOUNDATION. BECAUSE OF THE FOUNDATION'S GENERAL TAX-EXEMPT STATUS, THE PROVISIONS OF ASC 740-10-05 ARE NOT ANTICIPATED TO HAVE A MATERIAL IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING 400000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ABACO RELIEF PROGRAM EXPENSES SUCH AS SHIP SUPPLIES FOR EVACUEES, PROVIDE HOUSING FOR EVACUEES, EMERGENCY CONSTRUCTION SUPPLIES, AND EXPENSES FOR DEBRIS CLEAN-UP LABOR EXPENSES. 263207 0 0 0 0 0 0 663207 0 663207 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, BUILDING HOMES FOR RESIDENTS OF ABACO DISPLACED BY HURRICANE DORIAN 400000 WIRE 0 0 1 0 0 0 0 0 0 PART I, LINE 2: DLC FOUNDATION GRANT LETTERS/AGREEMENTS INCLUDE REQUESTS FOR EMAIL REPORTS, PHOTOS, AND VIDEOS SPECIFICALLY RELATED TO THE USE OF FUNDS. DLCF DIRECTOR AND SOMETIMES BOARD MEMBERS VISIT THE PROGRAMS IN-PERSON MEETING THE STAFF OF THE CHARITY AND SEEING THE CHILDREN THEY ASSIST. DLCF DIRECTOR REQUESTS CANDID EMAILS AND PHONE CALLS WITH CHARITY RECIPIENTS AND OCCASIONALLY SPEAKS WITH A BOARD MEMBER OR RECIPIENT OF THAT CHARITY. WE FOLLOW THEIR MEDIA AND RECEIVE THEIR NEWSLETTERS/ANNUAL REPORTS. PART III ACCOUNTING METHOD: MADISON GOLF TOURNAMENT 1725000 1705051 19949 21854 22695 262858 SILO RIDGE GOLF TOURNAMENT 412500 350746 61754 22415 8727 172995 2137500 2055797 81703 44269 31422 435853 511544 -429841 1 BOYS & GIRLS CLUB OF MARTIN COUNTY INC PO BOX 910 HOBE SOUND FL 33475 650253002 501(C)(3) 7500 0 TO SUPPORT EDUCATION BOYS AND GIRLS CLUB OF HENDERSON COUNTY POBOX 1460 HENDERSONVILLE NC 28793 561803125 501(C)(3) 25000 0 DONATION TO THE LOAGAN FUND BOYS AND GIRLS CLUBS OF AMERICA 1275 PEACHTREE STREET FL 7 ATLANTA GA 30309 135562976 501(C)(3) 95920 0 YOUTH ACTIVITIES CHILDRENS HOSPITAL LOS ANGELES 4650 SUNSET BLVD MS 29 LOS ANGELES CA 90027 951690977 501(C)(3) 25000 0 CHILDREN PROGRAM CHILDREN'S VILLAGE INC 1350 W HANLEY AVENUE COEUR DALENE ID 83815 820485532 501(C)(3) 93000 0 CHILDRENS PROGRAM AND SUPPORT DIRECT RELIEF 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 951831116 501(C)(3) 703361 0 ABACO RELIEF-SUPPORT FOR GUANA CAY CLINIC FOSTERCLUB 620 S HOLLADAY DR 1 SEASIDE OR 97138 931287234 501(C)(3) 7000 0 ALL STAR SPONSORSHIP GLOBAL EMERGENCY RELIEF RECOVERY AND RECONSTRUCTION 112 N CAMERON STREET SUITE 102 WINCHESTER VA 22601 810690876 501(C)(3) 915000 0 ABACO RELIEF-GRANTS TO REPAIR HOMES IN ABACO NORTH EAST COMMUNITY CENTER 51 SOUTH CENTER STREET MILLERTON NY 12546 141736237 501(C)(3) 30000 0 YOUTH & FAMILY PROGRAMMING SELFLESS LOVE FOUNDATION 1095 MILITARY TRAIL 1033 JUPITER FL 33458 474544148 501(C)(3) 10000 0 TO SUPPORT CHILD WELFARE TRANSFORMATION 10 0 PART I, LINE 2: THE FOUNDATION'S EXECUTIVE DIRECTOR SOMETIMES VISITS THE ORGANIZATION TO MONITOR THE USE OF FUNDS. SHE COMMUNICATES REGULARLY WITH THE ORGANIZATION VIA EMAIL AND OBTAINS THEIR NEWSLETTER AND REPORTS. IN ADDITION, THE EXECUTIVE DIRECTOR HAS FREQUENT PHONE CALLS AND REQUESTS CURRENT PHOTOS OF NEW DEVELOPMENTS, PROGRAMS, AND FACILITIES. X X 0 0 0 0 0 0 0 0 0 CHRISTY NICHOLS EXECUTIVE DIRECTOR/SECRETARY 229390 0 0 0 0 0 0 0 0 0 229390 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 HUNTER MELDMAN AND CHRISTY NICHOLS - FAMILY RELATIONSHIP HUNTER MELDMAN AND MICHAEL MELDMAN - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED BY ITS EXECUTIVE DIRECTOR AND OUTSIDE COUNSEL, AND IT IS PROVIDED TO ALL DIRECTORS FOR ADDITIONAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH INTERESTED PERSON TO DISCLOSE HIS OR HER FINANCIAL INTERESTS IN ANY TRANSACTION WITH THE FOUNDATION, AND ALL MATERIAL FACTS RELATING THERETO. AS SOON AS PRACTICAL AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD WILL DETERMINE WHETHER THE FINANCIAL OR OTHER INTEREST OF THE INTERESTED PERSON MAY RESULT IN A CONFLICT OF INTEREST. THE BOARD REQUIRES THE INTERESTED PERSON TO LEAVE THE MEETING WHILE THIS MATTER IS DISCUSSED, AND PROHIBITS AN INTERESTED DIRECTOR FROM VOTING ON THE MATTER IN QUESTION. IF THE BOARD DETERMINES THAT THERE IS A CONFLICT, THE BOARD REQUIRES THE INTERESTED PERSON TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST, APPOINTS A NON-INTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND AUTHORIZES THE TRANSACTION ONLY IF THE BOARD DETERMINES, BY A MAJORITY VOTE OF THE NON-INTERESTED DIRECTORS THEN IN OFFICE, THAT THE TRANSACTION OR ARRANGEMENT DOES NOT VIOLATE THE INTERNAL REVENUE CODE, IS IN THE FOUNDATION'S BEST INTERESTS AND FOR ITS OWN BENEFIT, IS FAIR AND REASONABLE TO THE FOUNDATION, AND, AFTER EXERCISING DUE DILIGENCE, DETERMINES THAT THE FOUNDATION CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. THE DIRECTORS AND OFFICERS REPORT POTENTIAL CONFLICTS OF INTEREST WHENEVER THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED ANNUALLY BASED ON COMPARATIVE SALARY DATA PROVIDED BY AN INDEPENDENT CONSULTING FIRM ACCORDING TO A PROCESS APPROVED BY INDEPENDENT LEGAL COUNSEL. THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTING FIRM ARE BROUGHT TO THE BOARD MEMBERS FOR APPROVAL. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED AND THE ORGANIZATION KEEPS RECORDS OF ITS DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B: QUESTION 15(B) OF PART VI IS ANSWERED NO SINCE THERE WERE NO OTHER OFFICERS OR KEY EMPLOYEES AS DEFINED IN IRS INSTRUCTIONS WHO RECEIVED COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF GOVERNANCE DOCUMENTS UPON REQUEST AS REQUIRED BY LAW. DISCOVERY LAND COMPANY 14605 NORTH 73RD STREET SCOTTSDALE AZ 85260 DEVELOPMENT AZ N/A 0 0 SHARED STAFFING SERVICES LLC 14605 NORTH 73RD STREET SCOTTSDALE AZ 85260 MANAGEMENT AZ N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 PART III - RELATIONSHIP WITH DISCOVERY LAND COMPANY THE ORGANIZATION'S BOARD OF DIRECTORS INCLUDES ONE DIRECTOR WHO OWNS 50% OR MORE OF DISCOVERY LAND COMPANY, A REAL ESTATE DEVELOPER, AS WELL AS LIMITED LIABILITY COMPANIES ESTABLISHED FOR INDIVIDUAL PROJECTS DEVELOPED BY DISCOVERY LAND COMPANY. ONE OF THE ORGANIZATION'S DIRECTORS RECEIVED COMPENSATION FOR SERVICES PROVIDED TO THE ORGANIZATION FROM SHARED STAFFING SERVICES, LLC, A MANAGEMENT COMPANY ESTABLISHED TO PROVIDE SERVICES TO DISCOVERY LAND COMPANY AND RELATED ENTITIES. THE ORGANIZATION HAS NO OWNERSHIP INTEREST IN DISCOVERY LAND COMPANY, SHARED SERVICES, LLC, OR ANY OTHER ENTITY RELATED TO DISCOVERY LAND COMPANY. OCCASIONALLY THESE RELATED ENTITIES PROVIDE VENUES AND SUPPORT FREE OF CHARGE FOR THE ORGANIZATION'S FUNDRAISING EVENTS.