REDONDO BEACH POLICE FOUNDATION

EIN: 813457176 501(c)(3) Public Safety

REDONDO BEACH, CA

Total Revenue
$259,261
Total Expenses
$94,444
Total Assets
$266,447
Net Assets
$266,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
COREY KING
Phone
3109806987
Tax Period
2023-07-01 to 2024-06-30

REDONDO BEACH POLICE FOUNDATION, founded in 2016, is a small nonprofit in the Public Safety sector that reported $259K in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 64% operating margin.

Mission

The Redondo Beach Police Foundation RBPF is an independent, 501c3 nonprofit organization that serves as a community partner to the Redondo Beach Police Department to help make Redondo Beach, the most innovative and safest city in the region. By providing resources and support to the Redondo Beach Police Department, the Foundation plays a critical role in taking public safety beyond what our government tax dollars will allow. Technology is rapidly evolving and equipment gets worn. Community policing through innovative and creative programs and initiatives require funding. The Redondo Beach Police Foundation issues grants to our local police department so our men and women in blue have the best training, equipment and programs to perform at their highest level.

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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 $236,649
Program Service Revenue $0
Investment Income $0
Other Revenue $22,612
TOTAL REVENUE $259,261

Expense Breakdown

Grants Paid $38,587
Salaries & Benefits $42,000
Fundraising Expenses $10,500
Program Expenses $63,898
Other Expenses $13,857
TOTAL EXPENSES $94,444

Year-over-Year Comparison

2023 2022 Change
Revenue $259,261 $107,253 +1.4%
Expenses $94,444 $84,452 +0.1%
Net Income $164,817 $22,801 +6.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
$42,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH KAUFFMAN Executive Dir. 20.00
Officer
$42,000 $0 $42,000
KELLY CHEESEMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GARY ELMINOUFI Treasurer 1.00
Officer Director
$0 $0 $0
JOHN KATNIK Secretary 1.00
Officer Director
$0 $0 $0
PHIL KEENAN Director 1.00
Director
$0 $0 $0
GEORGE LOREN Director 1.00
Director
$0 $0 $0
JOSH EBRAHEMI Director 1.00
Director
$0 $0 $0
AL BJEKOVIC Director 1.00
Director
$0 $0 $0
SWIETLANA CAHILL Director 1.00
Director
$0 $0 $0
CAROL HUTCHERSON Director 1.00
Director
$0 $0 $0
ALLEN SANFORD Chairman 1.00
Officer Director
$0 $0 $0
RAHUL SIDHU Director 1.00
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 $259,261 $94,444 $266,447 $164,817
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