Nonprofit · EIN 20-4420241
DISCOVERY LAND COMPANY FOUNDATION
Tax-exempt · BEVERLY HILLS, CA 90210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,732,141 | $2,751,253 | -$19,112 | $15,366,025 | $469,173 | $14,896,852 |
| December 31, 2023 | 990 | $3,295,512 | $2,875,649 | $419,863 | $15,177,008 | $324,946 | $14,852,062 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,564,484
- Program service revenue
- $0
- Investment income
- $377,722
- Net income from fundraising events
- -$210,065
- Other revenue
- -$210,065
Expenses
- Grants and similar amounts paid
- $2,346,167
- Compensation of officers, directors and key employees
- $229,390
- Salaries, compensation and benefits (total)
- $243,169
- Professional fundraising fees
- $0
- Legal fees
- $75,545
- Accounting fees
- $68,622
- Travel
- $1,707
- Program services (functional)
- $2,551,660
- Management and general (functional)
- $173,844
- Fundraising (functional)
- $25,749
Balance sheet and other
- Total assets, start of year
- $15,177,008
- Total assets, end of year
- $15,366,025
- Total liabilities, end of year
- $469,173
- Net assets, end of year
- $14,896,852
- Land, buildings and equipment
- $12,500
- Publicly traded securities
- $9,828,157
- Net assets without donor restrictions
- $7,304,719
- Net assets with donor restrictions
- $7,592,133
- Gross receipts
- $2,979,446
- Employees
- 1
- Volunteers
- 2
- Year formed
- 2006
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRISTY NICHOLS | EXECUTIVE DIRECTOR/SECRETARY Trustee or director, Officer | 40 | $229,390 | $59,580 |
| MICHAEL MELDMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| HUNTER SCOTT MELDMAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRISTY NICHOLS | EXECUTIVE DIRECTOR/SECRETA Trustee or director, Officer | 40 | $229,390 | $59,580 |
| MICHAEL MELDMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| HUNTER SCOTT MELDMAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 257 N CANON DR FL 3, BEVERLY HILLS, CA 90210-4361
- In care of
- % CHRISTY NICHOLS
- Principal officer (990 for 2024)
- CHRISTY NICHOLS, 257 NORTH CANON DRIVE THIRD FLOOR, BEVERLY HILLS, CA 90210
- Signed the 990
- CHRISTY NICHOLS, EXECUTIVE DIRECTOR/SECRETARY
- Phone
- (310) 859-0700
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 20-4420241 or by the name DISCOVERY LAND COMPANY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 accomplishments
- 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.Expenses $1,923,000 · grants $1,923,000
- 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.Expenses $628,660 · grants $423,167
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4420241
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $15,366,025
- Income (IRS master file)
- $2,979,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,732,141 | $2,751,253 | $15,366,025 | XML |
| 990 | December 2023 | $3,295,512 | $2,875,649 | $15,177,008 | XML |
| 990 | December 2022 | $2,772,482 | $3,019,134 | $14,691,030 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4420241).
Questions about DISCOVERY LAND COMPANY FOUNDATION
- What is the EIN of DISCOVERY LAND COMPANY FOUNDATION?
- The employer identification number (EIN) of DISCOVERY LAND COMPANY FOUNDATION is 20-4420241.
- Is DISCOVERY LAND COMPANY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DISCOVERY LAND COMPANY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DISCOVERY LAND COMPANY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DISCOVERY LAND COMPANY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DISCOVERY LAND COMPANY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DISCOVERY LAND COMPANY FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHRISTY NICHOLS.
- Who are the officers and directors of DISCOVERY LAND COMPANY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $229,390 (CHRISTY NICHOLS, EXECUTIVE DIRECTOR/SECRETARY).
- How much revenue does DISCOVERY LAND COMPANY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,732,141, expenses of $2,751,253 and total assets of $15,366,025 at year end.
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