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LONG BEACH BAR FOUNDATION
2008 ACCOMPLISHMENTS
- Each year over 500 youth and
their parents referred to SHORTSTOP
- Each year over 400 youth and
their parents served by SHORTSTOP
- over 80% youth/families successfully
complete the SHORTSTOP Program.
- Materials are produced in
both English and Spanish for Spanish speaking families
- We raised over $250,000 to
operate the foundation:
$61,600 for the SHORTSTOP program
$25,000 for a Strategic Development Plan
$25,000 seed grant to develop and art program (Artstart)
$18,743 in individual and Board members donations
$49,006 collected in Program fees
$34,267 from fundraising
- Over $38,000 in scholarships
awarded
- Continued our collaborated
partnership with Atlantic Recovery Services for the SHORTSTOP
holding Cell Discussion
- Continued partnership with
California State University, Long Beach School of Social Work
and added the Criminology Department.
- Established a partnership
with Westwood College, Torrance School of Criminology
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 CHALLENGES
FOR THE FUTURE
- Increased Courthouse cost
issues
- Finding new sources of private
foundation funding
- Tapping into County funding
- Raising more individual dollars
through annual campaign
- Creating a new marketing strategy
to outreach to larger corporations
- Loss of the California Youth
Authority to provide wards through their public service program
for the SHORTSTOP Holding Cell Discussion
- Loss of the City of Long Beach
funding
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According to the California
Association of Nonprofits Policy Update: President signs new nonprofit laws
The President signed into law recently the Pension Protection
Act (H.R. 4) containing dozens of new charitable giving incentives
and safeguards. Under the new law, taxpayers must retain a receipt,
canceled check, or credit card statement to prove their donation.
No tax deduction will be allowed if the taxpayer cannot provide
any supporting documentation in the event of an IRS audit. The
new law requires that donated items, such as cars, clothing,
and household goods, must be in good condition and no tax deduction
is allowed for items in less than good condition. Additional
provisions require that nonprofits with annual gross receipts
of $25,000 or less file information returns with the IRS and
that nonprofits must publicly disclose their unrelated business
income. The Pension Protection Act allows taxpayers for the first
time to donate money to nonprofits directly from their IRA account.
These distributions will be tax-free, avoid the penalty on early
withdrawals, and have an upper limit of $100,000 per year. Since
the distribution will not be included in taxable income, individuals
will not be able to claim a tax deduction for the charitable
contribution.
The Act includes many other
details related to specific types of nonprofits and donations.
For complete summary: Joint Committee on Taxation (http://www.house.gov/jct/).
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