📊 Altadena Talks Foundation
Short-Year Financial Report
Reporting Period: January 1 – June 30, 2025
Fiscal Transition Year

1. Executive Summary
This short-year financial report covers a six-month operational period to align Altadena Talks Foundation’s fiscal year with its programmatic calendar (July 1 – June 30). During this half-year span, the Foundation responded to the community’s urgent post-disaster needs with transparency, agility, and financial discipline.

Amid recovery efforts following the January 7 Eaton Fire, Altadena Talks Foundation delivered trusted local media, hosted vital community events, and strengthened relationships with residents, donors, and volunteers. This report highlights our strong financial stewardship and programmatic impact as we prepare for a full fiscal year of expanded services.

2. Revenue Summary
Revenue Source Amount (USD)
Individual Donations $1,500
Foundation Grants & Sponsorships $106,000
Podcast Sponsorships $1,000
Merchandise & Product Sales $3,000
Total Revenue $117,100

Key Notes:

Individual donations surged due to strong storytelling and community-driven recovery campaigns.

Sponsorships included both in-kind support and general operating funds.

3. Expense Summary
Expense Category Amount (USD)
Community Events & Engagement $6,000
Podcast Production & Equipment $2,500
Digital Platforms & Hosting $1,500
Administrative & Legal Expenses $2,000
Professional Services & Insurance $2,500
Total Expenses $14,500

Key Notes:

Programmatic efficiency was prioritized, with the majority of spending tied directly to service delivery.

Limited administrative overhead allowed the Foundation to scale up its reserve position.

4. Net Operating Surplus
Total Revenue: $117,100

Total Expenses: $14,500

Net Operating Surplus: $002,600

This surplus reflects the Foundation’s highly efficient use of donated and earned funds. It allows for strategic reinvestment into staffing, technology, and expanded programming while building a strong reserve for sustainability.

5. Cash Position & Liquidity
Opening Cash Balance (January 1, 2025): $5,600

Closing Cash Balance (June 30, 2025): $97,000

The significant growth in liquid assets is a direct result of disciplined financial planning, high-impact donor engagement, and streamlined operations. The Foundation is entering the new fiscal year with healthy reserves and strong financial flexibility.

6. Balance Sheet Snapshot (As of June 30, 2025)
Assets Amount
Cash and Cash Equivalents $97,000
Inventory & Prepaid Expenses $3,000
Total Assets $100,000

Liabilities Amount
Accounts Payable $2,500
Deferred Grant Revenue $5,000
Total Liabilities $7,500

| Net Assets (Unrestricted) | $85,000 |

7. Program Performance Metrics
Key Metrics (Jan–June 2025) Results
Podcast Episodes Produced 119+
Community Events Hosted 2
Total Organic Views (All Platforms) 700,000+
Merchandise Items Sold 30+
Volunteers Engaged 60+
Direct Community Reach (Offline) 2,000+ people

8. Governance & Organizational Details
Organization: Altadena Talks Foundation

EIN: 33‑3590757

IRS Status: 501(c)(3) – Public Charity

Established: January 2025

Board of Directors:

Brian Baccus – Co-Executive Director

Jamal Smith –   Co-Executive Director/Board Member

Antoinette Raines – Co-Executive Director/Board Chair

Tracy Richards – Treasurer/Board Member

Governance practices include quarterly financial review meetings, donor reports, and external fiscal oversight via an independent consultant.

9. Strategic Priorities for FY 2025–2026
Hire part-time program and media staff

Launch a recurring donor campaign and membership program

Expand podcast distribution to Spotify, Apple Podcasts, and Tidal

Deepen fire recovery support and mental health storytelling

Pilot a mobile podcasting lab for underserved neighborhoods

10. Final Reflections
Altadena Talks Foundation has demonstrated that grassroots media, when driven by purpose and executed with integrity, can become a force for healing and empowerment. In just six months, we’ve helped thousands navigate the aftermath of disaster, told stories that matter, and built trust with a growing regional audience.

As we close this transitional reporting period, we look ahead with confidence, strategy, and unwavering commitment to the people of Altadena and beyond.