The Roberto Foundation in Newport Beach, California (CA)

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The Roberto Foundation
Employer Identification Number (EIN)201688777
Name of OrganizationThe Roberto Foundation
In Care of NamePricewaterhousecoopers Llp
Address610 Newport Center Dr Ste 1220, Newport Beach, CA 92660-6447
SubsectionCharitable Organization
Ruling Date12/2005
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$35,144,694
Amount of Income$8,443,300
Form 990 Revenue Amount$2,445,014
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions


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Amount of income in 2013: $8,443,300 (it was $5,087,076 in 2012)
The Roberto Foundation: 

 $8,443,300
Other organizations performing similar types of work: 

 $223,883

Assets in 2013: $35,144,694 (it was $31,040,368 in 2012)
The Roberto Foundation: 

 $35,144,694
Other organizations performing similar types of work: 

 $52,124

Expenses in 2013: $993,958
This organization: 

 $993,958
Other organizations performing similar types of work: 

 $227,146

Income to expenses ratio in 2013: 8.5
The Roberto Foundation: 

 8.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 56.6%
The Roberto Foundation: 

 56.6%
Other organizations performing similar types of work: 

 2.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,575,728$1,518,699$0
Contributions, gifts, grants, etc., received$2,024,817
Interest on savings and temporary cash investments$0
Dividends and interest from securities$762,480
Gross rents$0
Gross sales price for all assets$5,642,235
Gross profit from sales of goods$0
Other income$13,768
Other$774,663
Total expenses and disbursements$993,958$80,336$0$953,662
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$150
Accounting fees$22,000
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$155,525$80,336$33,662
Contributions, gifts, grants paid$838,433
Excess of revenue over expenses and disbursements$2,581,770
Net investment income$1,438,363
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$27,556,161$27,556,161$31,040,368$31,040,368$35,144,694$35,144,694
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$3,958,560$1,912,491$2,266,000
Investments-corporate stock$3,308,855$3,641,947$6,765,806
Investments-corporate bonds$1,277,613$1,400,774$2,004,492
Investments-mortgage loans$0$0$0
Investments-other$18,068,582$19,655,424$22,487,943
Other assets$85,692$59,334
Total liabilities$0$498,767$430,191
Mortgages and other notes payable$0$0$0
Other liabilities$47,009$60,000
Total liabilities and net assets/fund balances$27,556,161$30,541,601$34,714,503
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$774,663
Net capital loss$-183,190$-38,568$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$22,045$17,809$28,767
Total credits and payments$60,601$60,556$53,147
Current year estimated tax payments and previous year's overpayment credited to current year$60,601$60,556$30,747
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$22,400
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$42,747$24,380
Amount to be credited to next year's estimated tax$38,556$42,747$24,380
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$27,940,820$28,881,704$31,783,107
Net value of noncharitable-use assets$28,448,478$31,306,360
Minimum investment return$1,376,085$1,422,424$1,565,318
Distributable Amount
201120122013
Distributable amount$1,354,040$1,404,615$1,536,551
Undistributed Income
201120122013
Distributable amount for this year$1,354,040$1,404,615$1,536,551
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$370,191
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$762,480$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1York Avenue Preschool And Kindergarten1520 York Avenue, New York, NY 10028-7008NY2001-02$2,737,345
2The Roberto Foundation610 Newport Center Dr Ste 1220, Newport Beach, CA 92660-6447CA2005-12$8,443,300
3The Serra Preschool2443 Fillmore St 368, San Francisco, CA 94115-1814CA2003-03$5,055,036
4Sls1335 Sutter St, San Francisco, CA 94109-5415CA2011-03$2,781,405
5Waldorf In North Coastal Inc, Sanderling SchoolPO BOX 232279, Encinitas, CA 92023-2279CA1999-09$2,215,027
6Prefund1459 18th Street 216, San Francisco, CA 94107-2801CA2009-04$1,710,550
7The Peregrine Project, Escuela Alobos2907 Portage Bay W, Davis, CA 95616-2805CA2008-03$1,330,925
8Palm Academy Inc2856 Washington Blvd Ste 100, Fremont, CA 94539-5036CA2010-06$1,201,028
9Pasadena Rosebud Academy Charter School3544 Canon Blvd, Altadena, CA 91001-4008CA2005-05$1,001,532
10Russian Hill School2026 Divisadero St, San Francisco, CA 94115-2113CA2001-09$852,899
11St James Preschool4620 California St, San Francisco, CA 94118-1225CA2004-04$773,047
12Southwest Child Development Center Inc77701 Fred Warning Dr, Indian Wells, CA 92210CA2005-03$662,323
13Wonder World Educational Programs Incorporated, Wonder World Educational & Learning1630 Del Mar Ave, Rosemead, CA 91770-3577CA2011-01$641,704
14Tiger Woods Learning Center Foundation - Dc121 Innovation Dr Ste 150, Irvine, CA 92617-3093CA2010-10$563,353
15Wilshire Childrens Services1055 Wilshire Blvd Ste 1600, Los Angeles, CA 90017-2499CA1999-05$501,108
16Barton House Playschool32 Nevada St, Redlands, CA 92373-4220CA2010-07$442,528
17Dream-I Education Center1700 W La Habra Blvd, La Habra, CA 90631-5130CA2010-03$442,500
18South Bay Universal Child Development Center11802 York Ave, Hawthorne, CA 90250-3125CA2007-08$405,002
19Trillium Charter School1464 Spear Ave, Arcata, CA 95521-4882CA2008-09$367,299
20Little Beans Preschool2117 Acton St, Berkeley, CA 94702-1912CA2010-08$329,433
Number of organizations performing similar types of work
Alaska6
Alabama35
Arkansas15
Arizona16
California175
Colorado47
Connecticut21
District of Columbia12
Delaware6
Florida97
Georgia58
Hawaii12
Iowa36
Idaho6
Illinois74
Indiana38
Kansas14
Kentucky15
Louisiana35
Massachusetts43
Maryland40
Maine13
Michigan39
Minnesota26
Missouri30
Mississippi23
Montana11
North Carolina50
North Dakota9
Nebraska8
New Hampshire18
New Jersey39
New Mexico20
New York91
Ohio56
Oklahoma10
Oregon47
Pennsylvania65
Rhode Island6
South Carolina23
South Dakota6
Tennessee26
Texas104
Utah8
Virginia50
Vermont8
Washington66
Wisconsin36
West Virginia9
Wyoming6
International10
Total1,714

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