Nonprofit · EIN 85-1838210
COMPOUND LB
Tax-exempt · LONG BEACH, CA 90804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $564,012 | $446,210 | $117,802 | $388,704 | $14,337 | $374,367 |
| December 31, 2023 | 990 | $275,250 | $132,177 | $143,073 | $265,802 | $9,237 | $256,565 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $548,691
- of which government grants
- $36,400
- Program service revenue
- $13,651
- Investment income
- $0
- Net income from sales of inventory
- $1,670
- Other revenue
- $1,670
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $34,452
- Accounting fees
- $21,425
- Occupancy
- $2,227
- Travel
- $1,169
- Depreciation
- $1,022
- Program services (functional)
- $238,666
- Management and general (functional)
- $105,355
- Fundraising (functional)
- $102,189
Balance sheet and other
- Total assets, start of year
- $265,802
- Total assets, end of year
- $388,704
- Total liabilities, end of year
- $14,337
- Net assets, end of year
- $374,367
- Land, buildings and equipment
- $2,043
- Net assets without donor restrictions
- $374,367
- Gross receipts
- $564,012
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- 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 |
|---|---|---|---|
| MEGAN TAGLIAFERRI | BOARD CHAIR & CEO Trustee or director, Officer | 3 | $0 |
| ANGELA GULLIVER AS OF 1024 | BOARD MEMBER Trustee or director | 0.1 | $0 |
| JANUARY MALLINGER AS OF 1024 | BOARD MEMBER Trustee or director | 0.1 | $0 |
| SHELLEY DARCY THROUGH 624 | BOARD MEMBER Trustee or director | 0.1 | $0 |
| HANY HADDID THROUGH 624 | BOARD MEMBER Trustee or director | 0.1 | $0 |
| JEFF TAGLIAFERRI | CFO & SECRETARY Officer | 0.1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN TAGLIAFERRI | BOARD CHAIR & CEO Trustee or director, Officer | 3 | $0 |
| SHELLEY DARCY | BOARD MEMBER Trustee or director | 0.1 | $0 |
| HANY HADDAD | BOARD MEMBER Trustee or director | 0.1 | $0 |
| JEFF TAGLIAFERRI | CFO & SECRETARY Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 1395 CORONADO AVE, LONG BEACH, CA 90804-2806
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- MEGAN TAGLIAFERRI, 1395 Coronado Ave, Long Beach, CA 90804
- Signed the 990
- MEGAN TAGLIAFERRI, FOUNDER/EXEC DIR
- Phone
- (562) 534-6050
- Website
- www.compoundlb.org
- Return prepared by
- BDO USA
California records
California keeps its own records of charities and corporations. Search them by EIN 85-1838210 or by the name COMPOUND LB.
- 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
SEE SCHEDULE O.
Program accomplishments
- HEALTH AND WELLNESS PROGRAMS CREATE NEW OPPORTUNITIES FOR COMMUNITY MEMBERS TO INCREASE WELLNESS PRACTICES AND IMPROVE MENTAL HEALTH. COMPOUND PROVIDES YOGA FOR CHILDREN AND ADULTS, MEDITATION AND HEALING ART CLASSES FOR FAMILIES AND INDIVIDUALS, SOUND BATHS, A SPEAKER SERIES, WORKSHOPS AND RETREATS, COOKING CLASSES, AND HANDS-ON GARDENING AND FOOD COURSES. MANY PROGRAMS ARE AVAILABLE FOR NO OR LOW COST.Expenses $16,956 · revenue $13,651
- ART AND CULTURE PROGRAMS CREATE EXPLORATION AND REFLECTION THROUGH MANY TYPES OF ART EXPERIENCES. COMPOUND PROGRAMS PROVIDE LOCAL ARTIST SHOWCASES, ONGOING CONTEMPORARY ART EXHIBITS, DRAWING CLASSES FOR CHILDREN AND FAMILIES, CULTURAL WORKSHOPS, POETRY WRITING WORKSHOPS, FILM SCREENINGS, AND MUSIC BASED ON ARTISTIC MERIT AND SOCIALLY RELEVANT SUBJECT MATTER, YOUTH-LED JOURNALISM, AND MEDIA TRAINING. MANY PROGRAMS ARE AVAILABLE FOR NO OR LOW COST. COMPOUND IS W.A.G.E. (WORKING ARTISTS AND THE GREATER ECONOMY) CERTIFIED. W.A.G.E. IS AN ORGANIZATION THAT ADVOCATES FOR ARTISTS RECEIVING FAIR COMPENSATION FOR THE EXHIBITION OF THEIR WORK. W.A.G.E. PUBLICLY RECOGNIZES THOSE NONPROFIT ARTS ORGANIZATIONS DEMONSTRATING A COMMITMENT TO VOLUNTARILY PAYING ARTISTS FEES THAT MEET W.A.G.E. PAYMENT STANDARDS.Expenses $221,710 · revenue $1,670
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
- 85-1838210
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $388,704
- Income (IRS master file)
- $564,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $564,012 | $446,210 | $388,704 | IRS |
| 990 | December 2023 | $275,250 | $132,177 | $265,802 | XML |
| 990 | December 2022 | $185,326 | $322,659 | $144,588 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-1838210).
Questions about COMPOUND LB
- What is the EIN of COMPOUND LB?
- The employer identification number (EIN) of COMPOUND LB is 85-1838210.
- Is COMPOUND LB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to COMPOUND LB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMPOUND LB 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 COMPOUND LB 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 COMPOUND LB 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 COMPOUND LB?
- The 990 for the year ended December 31, 2024 names MEGAN TAGLIAFERRI.
- Who are the officers and directors of COMPOUND LB?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does COMPOUND LB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $564,012, expenses of $446,210 and total assets of $388,704 at year end.
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All nonprofits in LONG BEACH · California · Arts, culture and humanities