2025-11-12T17:55:19-06:00 2024-12-31 DR-4856-CA LA Fires Maginnis Knechtel & McIntyre LLP 300 West Colorado Blvd Pasadena CA 91105 990 2024-01-01 262358338 LOS ANGELES PARKS FOUNDATION % C/O JONES & ASSOC LOSA 3104721990 2650 N COMMONWEALTH AVENUE LOS ANGELES CA 90027 David McGowan TREASURER 3104721990 2025-11-04 true true Linda E G Ballesteros P00366852 6264493466 2025-11-04 2024 2025-03-06 01:10:19Z David McGowan 2650 N COMMONWEALTH AVENUE LOS ANGELES CA 90027 8353862 false X LAPARKSFOUNDATION.ORG X 2008 CA TO ENHANCE, EXPAND, PRESERVE AND PROMOTE PUBLIC RECREATION, PARKS AND OPEN SPACE FOR THE DIVERSE PEOPLE OF LOS ANGELES. 15 14 8 36 0 1586811 2894943 0 0 140506 179981 -24182 -4435 1703135 3070489 570097 255800 0 0 627484 678037 0 0 231341 1126262 1536963 2323843 2470800 -620708 599689 4935209 5711308 81493 113940 4853716 5597368 X TO ENHANCE, EXPAND, PRESERVE AND PROMOTE PUBLIC RECREATION, PARKS AND OPEN SPACE FOR THE DIVERSE PEOPLE OF LOS ANGELES. false false 1417580 246400 The Los Angeles Parks Foundation's Special Projects Program funds are used to support a range of activities ranging from the design and implementation of major capital improvements, such as new multi-sport playing fields or playgrounds, to recreational programming. In 2024, construction of the Watts Skate Park was completed with support from The Skateboard Project, and a park forest was planted with support by Wells Fargo Bank at the Hansen Dam Recreation Center. Such funds are also used in support of citywide and special initiatives of the City of Los Angeles Department of Recreation and Parks. The Foundation serves as a fiscal and administrative partner for funders such as Nike, ESPN, and other corporate or philanthropic institutions that invest in recreation programs including PlayLA, Girls Play LA, and CoachLA. Grants from the Griffith J. Griffith Charitable Trust were used to support the Hollywoodland Girls and Boys Camps, and funds from GPSN and other institutional donors were also used to support summer programming offered in City of Los Angeles parks. The Foundation ensures such funds are stewarded in accordance with donor intent and City partnership requirements and that all compliance and reporting responsibilities are fulfilled. 140237 The Park Events Program has historically funded park enhancement projects in partnership with the Los Angeles Department of Recreation and Parks. In prior years, this program supported initiatives such as a Griffith Park traffic study and the development of the department's multi-year strategic plan. As of 2024, most event-related revenue is used to support the Foundation's general operating activities or, when event proceeds are designated for particular sites or projects, such revenue is allocated to the respective project under the Friends of the Parks program. 136223 9400 The Friends of the Parks Program empowers local communities to support their neighborhood parks by contributing directly to funds managed by the foundation to support individual park projects and priorities. Activities supported by these funds include youth sports equipment and uniforms; holiday celebrations; seniors sports and cultural programs; and enhancements to park spaces such as fencing, water fountains, and walking paths. In 2024, the program supported meaningful improvements and community programming at several Los Angeles park locations, including EXPO Center, Venice Beach, Rustic Canyon, MacArthur Park, and Echo Park. 89408 OTHER PROGRAMS - SEE SCHEDULE O DESCRIPTION 89408 1783448 true true false false false false false false false true true false false false true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false false 28 0 true 8 true false false false false false false false false false false false false X 15 14 false false true false false false false true true false false true true true true false true true true false CA X X CO JONES ASSOC 3237829391 8581 SANTA MONICA BLVD 15 WEST HOLLYWOOD CA 90069 X ANTHONY G BUDROVICH PRESIDENT, SECRETARY 40.0 0.0 X X 209550 0 30500 Corazon Rios secretary 40.0 0.0 X 51234 0 3483 DAVID GALAVIZ DIRECTOR 1.0 0.0 X 0 0 0 DAVID MCGOWAN DIRECTOR, TREASURER 1.0 0.0 X X 0 0 0 BARRY A SANDERS DIRECTOR 1.0 0.0 X 0 0 0 DENISE BOOTH DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL SHULL DIRECTOR 1.0 0.0 X 0 0 0 JENNIFER RIVERA DIRECTOR 1.0 0.0 X 0 0 0 CARMEL SELLA DIRECTOR 1.0 0.0 X 0 0 0 CANDY SPELLING DIRECTOR 1.0 0.0 X 0 0 0 DAVID NICKOLL BOARD CHAIR 1.0 0.0 X X 0 0 0 DEBORA VRANA DIRECTOR 1.0 0.0 X 0 0 0 MIA LEHRER DIRECTOR 1.0 0.0 X 0 0 0 ANDREW SAUL Director 1.0 0.0 X 0 0 0 JOE HALPER DIRECTOR 1.0 0.0 X 0 0 0 KEVIN PARKER DIRECTOR 1.0 0.0 X 0 0 0 260784 0 33983 1 false true false 0 49207 15000 2830736 2894943 0 86391 86391 0 0 0 0 0 5372528 5278938 93590 93590 93590 0 49207 4435 -4435 -4435 0 0 0 0 0 0 0 3070489 175546 255800 255800 0 0 0 294767 117204 80667 96896 0 305772 121580 83678 100514 0 20064 6012 9086 4966 57434 22850 15652 18932 0 7145 7145 79798 79798 0 0 0 799541 790310 5144 4087 46612 16042 30570 24496 6 23679 811 0 0 3452 750 2702 0 0 33267 23593 9589 85 0 0 12776 12776 27031 434 26245 352 SUPPLIES/EQUIPMENT 265824 258417 6443 964 BANK CHARGES 38906 38906 REPAIRS & MAINTENANCE 87870 80879 6991 TAX PERMITS & LICENSES 12258 9261 2844 153 97987 80310 14096 3581 2470800 1783448 456011 231341 X 0 0 475581 965131 0 0 0 0 0 0 0 0 0 0 3766 3766 17831 1508 232206 207582 37400 24624 4395378 4713095 0 0 0 0 0 0 5253 3184 4935209 5711308 76240 110756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5253 3184 81493 113940 X 1619644 1622798 3234072 3974570 4853716 5597368 4935209 5711308 X 599689 143963 X false true X true false X 2235075 2719527 3182011 1586811 2894943 12618367 0 48000 48000 2235075 2719527 3182011 1586811 2942943 12666367 3058495 9607872 73211 29156 46975 138947 86391 374680 0 0 13041047 0.73674 0.75748 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1012567 114624 1127191 902011 110556 1012567 1031730 -129719 902011 913176 118554 1031730 855392 57784 913176 1.00000 0.00000 0.00000 false false 153278 128654 24624 33128 33128 45800 45800 24624 0 LEASE LIABILITIES 3184 3184 X 3266887 143963 48000 191963 3074924 -4435 -4435 3070489 2523235 48000 4435 52435 2470800 2470800 PART XI, LINE 4B & PART XII, LINE 2D $4,435 OF DIRECT FUNDRAISING EXPENSES WERE REPORTED AS EXPENSES IN THE FINANCIAL STATEMENTS BUT ARE REPORTED ON FORM 990, PART VIII, LINE 8B AS PART OF TOTAL REVENUE. PART X LINE 2 FIN 48 FOOTNOTE THE LOS ANGELES PARKS FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. UNITED STATES FEDERAL AND STATE JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS HAVE STATUTES OF LIMITATIONS THAT GENERALLY RANGE FROM THREE TO FOUR YEARS. NO OPEN TAX RETURNS ARE CURRENTLY UNDER EXAMINATION IN THE U.S. FEDERAL OR STATE JURISDICTIONS. Marathon 39052 39052 3605 180 Venice Beach Ru 10155 10155 650 0 49207 49207 3605 830 4435 -4435 true SMG DBA THE GREEK THEATRE 2700 N Vermont Ave LOS ANGELES CA 90027 232511871 246400 To fund improvements to the Greek Theater, an outdoor concert venue located in and operated by Griffith Park 0 1 GRANT FUNDS MONITORING PART I, LINE 2 THE ORGANIZATION MONITORS AND REVIEWS 100% OF THE GRANTS TO ENSURE THAT THE FUNDS ARE BEING USED IN ACCORDANCE WITH THE GRANT'S PURPOSE. X false false false false false false false false false ANTHONY G BUDROVICH PRESIDENT, SECRETARY 209500 50 30500 240050 990 PART VI LINE 11 FORM 990 REVIEW THE INITIAL DRAFT FORM 990 IS PREPARED BY THE TAX ACCOUNTANT AND FORWARDED TO THE EXECUTIVE DIRECTOR. THE DRAFT FORM 990 IS PRESENTED, REVIEWED AND DISCUSSED AT A REGULARLY SCHEDULED MEETING OF THE FINANCE COMMITTEE. AFTER MAKING ANY NECESSARY MODIFICATIONS, THE FINAL VERSION FORM 990 AS FILED IS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD AT A REGULARLY SCHEDULED BOARD MEETING. 990 PART VI LINE 12 CONFLICT OF INTEREST POLICY ALL INTERESTED PERSONS ARE SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND MUST DISCLOSE ACTUAL OR POSSIBLE CONFLICTS AND/OR THE EXISTENCE OF A FINANCIAL INTEREST RELATING TO A PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINATION OF WHETHER A CONFLICT EXISTS IS MADE BY THE BOARD OR COMMITTEE WITH THE INTERESTED PERSON NOT PRESENT. IN THE EVENT THAT THE BOARD OR COMMITTEE DETERMINES THAT A PROPOSED TRANSACTION OR ARRANGEMENT PRESENTS A CONFLICT OF INTEREST, THE FOLLOWING ACTIONS ARE TAKEN: (A) THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OR COMMITTEE, BUT AFTER THE PRESENTATION, SHALL LEAVE THE MEETING DURING ANY DISCUSSION OF, AND VOTING ON, THE PROPOSED TRANSACTION OR ARRANGEMENT. (B) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE AND AT HIS OR HER OWN DISCRETION, APPOINT AN INDIVIDUAL, WHO IS NOT AN INTERESTED PERSON, OR COMMITTEE, COMPRISED OF INDIVIDUALS WHO ARE NOT INTERESTED PERSONS, TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT NOT PRODUCING A CONFLICT OF INTEREST IS NOT REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DIRECTORS, WITHOUT COUNTING THE VOTE OF ANY INTERESTED PERSON, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. NO CONFLICTS WERE DISCOVERED DURING THE CALENDAR YEAR COVERED BY THIS RETURN. 990 PART VI LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Copies are provided with or without charge as determined on a case by case basis and sent via U.S. mail. 990 PART XI LINE 6 DONATED USE OF FACILITIES DONATED RENT INCOME $48,000 DONATED RENT EXPENSES ($48,000) 990 PART III LINE 4D OTHER PROGRAMS INCLUDE ADOPT-A-PARK, LA PARK FOREST, DONATE-A-BENCH, PARK SPECIAL EVENTS, AND SMALLER PROJECTS. THESE PROJECTS PROVIDE FOR INDIVIDUALS AND COMMUNITY GROUPS TO RAISE PRIVATE FUNDS FOR SPECIFIC PARKS FOR SMALL SCALE IMPROVEMENTS AND ENHANCEMENTS. 990 PART VI LINE 15A & 15B DETERMINATION OF COMPENSATION THE BOARD OF DIRECTORS MEETS TO REVIEW AND DISCUSS WAGES OF KEY PERSONNEL. 990 PART VI LINE 4 THE ORGANIZATION AMENDED AND RESTATED ITS ARTICLES OF INCORPORATION ON OCTOBER 28, 2024. THESE WERE FILED WITH THE CALIFORNIA SECRETARY OF STATE ON NOVEMBER 1, 2024. 990 PART VII SECTION A CORAZON RIOS SUCCEEDED TONY BUDROVICH AS SECRETARY. SHE WAS INSTALLED AS SECRETARY AT THE SEPTEMBER 18, 2024 MEETING OF THE BAORD OF DIRECTORS. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:799541