CALIFORNIA LGBTQ FOUNDATION

EIN: 300805115 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$455,400
Total Expenses
$613,464
Total Assets
$289,375
Net Assets
$289,375
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Phone
9163489100
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA LGBTQ FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $455K in total revenue in fiscal year 2023. Expenses of $613K exceeded revenue, resulting in a 35% operating deficit.

Mission

The organization's mission is to educate promote and engage the public on issues of importance to the LGBTQ community in order to foster civic engagement and develop community leaders.

Program Service Accomplishments

Program 1
Expenses: $88,000 Revenue: $0

During 2023 the organization made contributions supporting 5 like-minded LGBTQ-related 501c3 organizations including $75,000 to Equality California.

Program 2
Expenses: $167,316 Revenue: $0

In 2023 the organization held its annual event in San Diego honored LGBTQ individuals from around the state who do outstanding work in their communities hosted Pride visibility events town hall...

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In 2023 the organization held its annual event in San Diego honored LGBTQ individuals from around the state who do outstanding work in their communities hosted Pride visibility events town hall meetings focus groups and research on LGBTQ statewide issues leadership trainings and forums.

Program 3
Expenses: $70,000 Revenue: $0

The LGBTQ Foundation scholarship program is an initiative that aims to support and empower LGBTQ+ individuals in their pursuit of higher education. This program recognizes the unique challenges faced...

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The LGBTQ Foundation scholarship program is an initiative that aims to support and empower LGBTQ+ individuals in their pursuit of higher education. This program recognizes the unique challenges faced by LGBTQ students and provides them with financial assistance to achieve their academic goals. In 2023 the organization provided scholarships to 13 individuals.

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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 (2023)

Revenue Breakdown

Contributions & Grants $455,400
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $455,400

Expense Breakdown

Grants Paid $158,000
Salaries & Benefits $45,000
Fundraising Expenses $263,598
Program Expenses $325,316
Other Expenses $358,946
TOTAL EXPENSES $613,464

Year-over-Year Comparison

2023 2022 Change
Revenue $455,400 $467,000 0.0%
Expenses $613,464 $444,309 +0.4%
Net Income $-158,064 $22,691 -8.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
10

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
5
$45,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Eggman President 1.00
Officer
$0 $0 $0
Jacob Fraker Secretary Executive Director 14.00
Officer
$45,000 $0 $45,000
Steve Hansen Treasurer 1.00
Officer
$0 $0 $0
Chris Ward Vice President 1.00
Officer
$0 $0 $0
Cathleen Galgiani Director 1.00
Officer
$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 No data No data No data No data
2023 $455,400 $613,464 $289,375 $-158,064
2022 $467,000 $444,309 $447,439 $22,691
2021 $427,508 $212,483 $424,748 $215,025
2019 $261,536 $221,098 $173,707 $40,438
2018 $439,000 $390,902 $133,269 $48,098
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