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Nonprofit · EIN 77-0205301

LURIA FOUNDATION

Tax-exempt · SANTA BARBARA, CA 93108

Financials

$976K$862K2024
Revenue Expenses · by fiscal year end
Financials of LURIA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$975,833$862,401$113,432$11,492,274$0$11,492,274
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$429,618
Net rental income
$537,482
Net gain from sales of assets
$87,385
Other revenue
$546,215

Expenses

Grants and similar amounts paid
$589,250
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$33,614
Occupancy
$44,236
Program services (functional)
$589,250
Management and general (functional)
$273,151

Balance sheet and other

Total assets, start of year
$11,818,781
Total assets, end of year
$11,492,274
Total liabilities, end of year
$0
Net assets, end of year
$11,492,274
Land, buildings and equipment
$5,222,028
Publicly traded securities
$2,987,649
Gross receipts
$1,379,843
Employees
0
Volunteers
0
Year formed
1988
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.

NameTitleHours / weekCompensation
KAREN LURIA-BUDGORPRESIDENT
Trustee or director, Officer
1$0
BRADY BOWMANSECRETARY
Trustee or director, Officer
1$0
LAUREN KATZDIRECTOR
Trustee or director
0$0
JOAN ROTHENBERGDIRECTOR
Trustee or director
0$0
MAURICE SINGERDIRECTOR
Trustee or director
0$0
DIANE SULLIVANDIRECTOR
Trustee or director
0$0
MINDY BUDGORVICE PRESIDENT
Trustee or director, Officer
0$0
ADAM BUDGORCHIEF FINANCIAL OFFICER
Trustee or director, Officer
0$0
TED FRIEDELDIRECTOR
Trustee or director
0$0
PAUL GUIDODIRECTOR
Trustee or director
0$0
SCOTT VINCENTDIRECTOR
Trustee or director
0$0
JEANNE TOWLESDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1264 COAST VILLAGE RD, SANTA BARBARA, CA 93108-2719
Principal officer (990 for 2024)
KAREN LURIA-BUDGOR, 1264 COAST VILLAGE ROAD, SANTA BARBARA, CA 93108
Signed the 990
KAREN LURIA-BUDGOR, PRESIDENT
Phone
(805) 969-9400
Return prepared by
BARTLETT PRINGLE & WOLF LLP

Mission

TO MAKE CONTRIBUTIONS TO EXEMPT ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • MUSIC ACADEMY OF THE WEST - TO SUPPORT 1) SCHOLARSHIP PROGRAMS AND 2) THE DAY TO DAY GENERAL OPERATIONS OF THE ACADEMY.
    Expenses $67,500 · grants $67,500
  • SANTA BARBARA MUSEUM OF ART - TO HELP COVER THE COSTS OF VARIOUS EXHIBITS.
    Expenses $233,550 · grants $233,550
  • SANTA BARBARA JEWISH FEDERATION - TO PROVIDE FINANCIAL ASSISTANCE TO THE FEDERATION FOR VARIOUS EXHIBITS AND PROGRAMS.
    Expenses $252,000 · grants $252,000
  • SANTA BARBARA CITY COLLEGE FOUNDATION - TO PROVIDE FUNDING FOR: 1) FULL TIME LIBRARY RESIDENT 2) PRESIDENT'S COUNCIL 3) PRESIDENT'S SCHOLARSHIP 4) JAPANESE LANGUAGE SCHOLARSHIP 5) KOREAN LANGUAGE 6) CAMPAIGN FOR STUDENT SUCCESS.
    Expenses $36,200 · grants $36,200

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0205301
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,492,274
Income (IRS master file)
$1,379,843

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-TDecember 2024–––IRS
990December 2023$930,325$1,301,713$11,818,781IRS
990-TDecember 2023–––IRS
990December 2022$3,625,685$909,911$11,743,051IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about LURIA FOUNDATION

What is the EIN of LURIA FOUNDATION?
The employer identification number (EIN) of LURIA FOUNDATION is 77-0205301.
Is LURIA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to LURIA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LURIA 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 LURIA 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 LURIA 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 LURIA FOUNDATION?
The 990 for the year ended December 31, 2024 names KAREN LURIA-BUDGOR.
Who are the officers and directors of LURIA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does LURIA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $975,833, expenses of $862,401 and total assets of $11,492,274 at year end.

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