THE DISCOVERY LAND COMPANY FOUNDATION

EIN: 204420241 501(c)(3) Philanthropy & Grantmaking

BEVERLY HILLS, CA

Total Revenue
$2,732,141
Total Expenses
$2,751,253
Total Assets
$15,366,025
Net Assets
$14,896,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
CHRISTY NICHOLS
Phone
3108590700
Tax Period
2024-01-01 to 2024-12-31

THE DISCOVERY LAND COMPANY FOUNDATION, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Net assets of $14.9M represent 65 months of operating reserves.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,923,000

ABACO RELIEF PROGRAM:FOLLOWING HURRICANE DORIAN IN 2019, THE ABACO RELIEF PROGRAM PROVIDED EMERGENCY ASSISTANCE TO THE COMMUNITY OF ABACO, BAHAMAS. SUPPORT IN 2024 INCLUDED VULNERABLE HOUSING...

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ABACO RELIEF PROGRAM:FOLLOWING HURRICANE DORIAN IN 2019, THE ABACO RELIEF PROGRAM PROVIDED EMERGENCY ASSISTANCE TO THE COMMUNITY OF ABACO, BAHAMAS. SUPPORT IN 2024 INCLUDED VULNERABLE HOUSING REHABILITATION AND CAPACITY BUILDING. SINCE 2019 THE FOUNDATION HAS ALSO PROVIDED SUPPORT FOR EVACUATIONS, HOUSING, MEALS, SUPPLIES, TRANSPORTATION, BUILDING MATERIALS AND OTHER IMMEDIATE NEEDS, AS WELL AS RECONSTRUCTION OF SCHOOLS AND MEDICAL FACILITIES.

Program 2
Expenses: $628,660

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,564,484
Program Service Revenue $0
Investment Income $377,722
Other Revenue $-210,065
TOTAL REVENUE $2,732,141

Expense Breakdown

Grants Paid $2,346,167
Salaries & Benefits $243,169
Fundraising Expenses $25,749
Program Expenses $2,551,660
Other Expenses $161,917
TOTAL EXPENSES $2,751,253

Year-over-Year Comparison

2024 2023 Change
Revenue $2,732,141 $3,295,512 -0.2%
Expenses $2,751,253 $2,875,649 0.0%
Net Income $-19,112 $419,863 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$288,970
Total Directors
3
$288,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTY NICHOLS EXECUTIVE DIRECTOR/SECRETARY 40.00
Officer Director
$229,390 $0 $288,970
MICHAEL MELDMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
HUNTER SCOTT MELDMAN TREASURER 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,732,141 $2,751,253 $15,366,025 $-19,112
2023 $3,295,512 $2,875,649 $15,177,008 $419,863
2022 $2,772,482 $3,019,134 $14,691,030 $-246,652
2021 $479,005 $1,750,485 $15,131,423 $-1,271,480
2020 $1,942,961 $2,872,496 $15,931,952 $-929,535
2019 $16,269,121 $2,483,450 $17,021,766 $13,785,671
2018 $1,903,018 $984,542 $2,950,539 $918,476
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