LA PROMISE FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LA PROMISE FUND (EIN 20-4562686)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-01-22
- IRS object ID
- 202540229349300139
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-22T11:46:36-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10681 FOOTHILL BLVD STE 300 | AddressLine1Txt |
| City | RANCHO CUCAMONGA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 917303831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204562686 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LA PROMISE FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAPR | BusinessNameControlTxt |
| Phone | 2137454928 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1933 S BROADWAY SUITE 1108 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90007 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VERONICA MELVIN | PersonNm |
| Person Title | CEO/PRESIDENT | PersonTitleTxt |
| Phone | 2137454928 | PhoneNum |
| Signature | 2025-01-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CATHERINE L GRAY CPA | PreparerPersonNm |
| PTIN | P01294460 | PTIN |
| Phone | 9094664410 | PhoneNum |
| Preparation | 2025-01-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | VERONICA MELVIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1933 S BROADWAY SUITE 1108 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,368,544 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LAPROMISEFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER AND LIFE.WORKING THROUGH A NETWORK OF HIGH-PERFOMING,COMMUNITY-BASED SCHOOLS AND A PORTFOLIO OF PROGRAMS THAT REACH STUDENTS THROUGHOUT LA COUNTY,THE LA PROMISE FUND CREATES VIBRANT COMMUNITY HUBS AND PARTNERSHIPS THAT FOSTER MOTIVATED,ENGAGED, AND DIRECTED STUDENTS POISED FOR ACADEMIC, PROFESSIONAL, AND PERSONAL SUCCESS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 144 | TotalEmployeeCnt |
| Total Volunteers | 90 | TotalVolunteersCnt |
| Total Gross UBI | -$252,218 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $14,799,573 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,085,771 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $524,417 | PYInvestmentIncomeAmt |
| CY Investment Income | $875,668 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,577,992 | PYOtherRevenueAmt |
| CY Other Revenue | $557,425 | CYOtherRevenueAmt |
| PY Total Revenue | $13,745,998 | PYTotalRevenueAmt |
| CY Total Revenue | $19,518,864 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $911,844 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $516,763 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,948,135 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,473,134 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $493,399 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,442,656 | PYOtherExpensesAmt |
| CY Other Expenses | $5,956,472 | CYOtherExpensesAmt |
| PY Total Expenses | $15,302,635 | PYTotalExpensesAmt |
| CY Total Expenses | $15,946,369 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,556,637 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,572,495 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $48,218,284 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,943,711 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $42,230,256 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $40,383,188 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,988,028 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,560,523 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO IMPROVE ACADEMIC ACHIEVEMENT AS WELL AS COLLEGE AND CAREER ACCESS AND SUCCESS FORSTUDENTS IN THE RUSSELL WESTBROOK WHY NOT? ACADEMY, SLATE-Z, AND BEYOND. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,400,230 | ExpenseAmt |
| Grant | $516,763 | GrantAmt |
| Desc | WORKING THROUGH OUR CHARTER SCHOOLS AND A PORTFOLIO OF PROGRAMS THAT REACH STUDENTSTHROUGHOUT LA COUNTY, LA PROMISE FUND CREATES VIBRANT COMMUNITY HUBS AND PARTNERSHIPS THATFOSTER MOTIVATED, ENGAGED AND DIRECTED STUDENTS POISED FOR ACADEMIC, PROFESSIONAL ANDPERSONAL SUCCESS. | Desc |
| Total Program Service Expenses | $12,400,230 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 144 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2137454928 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1933 S BROADWAY SUITE 1108 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90007 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| FRANK MARSHALL | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| JAIME UZETA | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| CATHY BENDER | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIELLE VICK | ||||||||
| DIRECTOR | 8.00 | Yes (X) | $0 | $0 | $0 | |||
| DEAN HALLETT | ||||||||
| TREASURER | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| ALISON TEMPLE | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| DONNEL BEVERLY | ||||||||
| CO-CHAIR | 8.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| IVELISSE ESTRADA | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| LEO MEDINA | ||||||||
| DIRECTOR (STARTED 6/20/24) | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| FERNANDO FERNANDEZ | ||||||||
| DIRECTOR | 8.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL DEBERNIER | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH MANN | ||||||||
| SECRETARY | 8.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MEGAN CHERNIN | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHLEEN KENNEDY | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN MCNAMEE | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN PROUGH | ||||||||
| CO-CHAIR | 8.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| AMIT VERMA | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ALI POWELL | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| RUSSELL WESTBROOK | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| SIMON OSBORN | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER JAROWEY | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| MELISSA STEPHENS | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| TANESHA DUNCAN | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| MOLLY PARK | ||||||||
| DIRECTOR (STARTED 6/20/24) | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| VERONICA MELVIN | ||||||||
| CEO/PRESIDENT | 40.00 | $269,835 | $0 | $38,545 | Yes (X) | |||
| EDGAR CAMPOS | ||||||||
| CHIEF ADVANCEMENT OFFICER (STARTER 3/25/24) | 40.00 | $0 | $0 | $0 | Yes (X) | |||
| RON FERNANDO | ||||||||
| CFO (STARTED 4/4/24) | 40.00 | $0 | $0 | $0 | Yes (X) | |||
| IBERT SCHULTZ | ||||||||
| EXEC DIR OF BLACK COLLEGE SUCCESS | 40.00 | $210,960 | $0 | $27,177 | Yes (X) | |||
| LILIANA VASQUEZ | ||||||||
| COO | 40.00 | $154,615 | $0 | $13,645 | Yes (X) | |||
| LESLIE TRESUN | ||||||||
| DIRECTOR OF GRANTS MANAGEMENT | 40.00 | $104,202 | $0 | $13,705 | Yes (X) | |||
| DARLA VANCE | ||||||||
| PRINCIPAL | 40.00 | $119,199 | $0 | $12,721 | Yes (X) | |||
| ZEIDY REVOLORIO | ||||||||
| PRINCIPAL | 40.00 | $120,423 | $0 | $8,370 | Yes (X) | |||
| KYLE MILLER | ||||||||
| CHIEF STRATEGIC OFFICER (7/1/23-9/30/23) | 40.00 | $122,838 | $0 | $14,367 | Yes (X) | |||
| DONNA JACOBSON | ||||||||
| CHIEF ACADEMIC OFFICER (7/1/23-9/30/23) | 40.00 | $133,619 | $0 | $13,583 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,235,691 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $142,113 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DEL AMO CONSTRUCTION | |||||
| 23840 MADISON ST | TORRANCE | CA | 90505 | CONSTRUCTION SERVICES | $5,263,149 |
| JFAK ARCHITECTURE | |||||
| 1461 E 4TH STREET | LOS ANGELES | CA | 90033 | ARCHITECTUAL PLANNING | $213,442 |
| EXED | |||||
| 1990 S BUNDY DR 340 | LOS ANGELES | CA | 90025 | EDUCATIONAL ACCOUNTING SERVICES | $189,600 |
| REA COMMERCIAL SECURITY | |||||
| 2421 W 205TH ST STE D-101 | TORRANCE | CA | 90501 | SECURITY SERVICES | $181,740 |
| PRIMESTOR DEVEOPMENT LLC | |||||
| 9950 JEFFERSON BLVD BUILDING 2 | CULVER CITY | CA | 90232 | DEVELOPENT MANAGEMENT | $136,648 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,471,168 | GovernmentGrantsAmt |
| All Other Contributions | $13,614,603 | AllOtherContributionsAmt |
| Total Contributions | $18,085,771 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $875,668 | TotalRevenueColumnAmt |
| Exclusion | $875,668 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,129,733 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,381,951 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$252,218 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$252,218 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$252,218 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $637,960 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $467,729 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,231 | TotalRevenueColumnAmt |
| Exclusion | $170,231 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $639,412 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $639,412 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $639,412 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,518,864 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $639,412 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$252,218 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,045,899 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $516,763 | TotalAmt |
| Program Services | $516,763 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663,039 | TotalAmt |
| Management And General | $663,039 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,306,149 | TotalAmt |
| Program Services | $6,176,777 | ProgramServicesAmt |
| Management And General | $807,329 | ManagementAndGeneralAmt |
| Fundraising | $322,043 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,801 | TotalAmt |
| Program Services | $76,283 | ProgramServicesAmt |
| Management And General | $44,102 | ManagementAndGeneralAmt |
| Fundraising | $7,416 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $762,430 | TotalAmt |
| Program Services | $617,137 | ProgramServicesAmt |
| Management And General | $121,343 | ManagementAndGeneralAmt |
| Fundraising | $23,950 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $613,715 | TotalAmt |
| Program Services | $477,512 | ProgramServicesAmt |
| Management And General | $111,854 | ManagementAndGeneralAmt |
| Fundraising | $24,349 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,869,914 | TotalAmt |
| Program Services | $1,282,891 | ProgramServicesAmt |
| Management And General | $565,082 | ManagementAndGeneralAmt |
| Fundraising | $21,941 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $227,332 | TotalAmt |
| Program Services | $194,489 | ProgramServicesAmt |
| Management And General | $30,967 | ManagementAndGeneralAmt |
| Fundraising | $1,876 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $689,411 | TotalAmt |
| Program Services | $581,123 | ProgramServicesAmt |
| Management And General | $69,480 | ManagementAndGeneralAmt |
| Fundraising | $38,808 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,075,578 | TotalAmt |
| Program Services | $789,946 | ProgramServicesAmt |
| Management And General | $283,332 | ManagementAndGeneralAmt |
| Fundraising | $2,300 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,920 | TotalAmt |
| Program Services | $18,380 | ProgramServicesAmt |
| Management And General | $1,736 | ManagementAndGeneralAmt |
| Fundraising | $804 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,641 | TotalAmt |
| Program Services | $55,815 | ProgramServicesAmt |
| Fundraising | $1,826 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,819 | TotalAmt |
| Program Services | $45,819 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228,672 | TotalAmt |
| Program Services | $2,153 | ProgramServicesAmt |
| Management And General | $226,519 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| SCHOOL EXPENSES | $983,048 | $983,048 | ||
| TRANSPORTATION | $427,619 | $426,944 | $675 | |
| FOOD AND CATERING | $174,394 | $95,242 | $31,675 | $47,477 |
| MISCELLANEOUS | $49,596 | $26,558 | $23,038 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,528 | TotalAmt |
| Program Services | $33,350 | ProgramServicesAmt |
| Management And General | $57,442 | ManagementAndGeneralAmt |
| Fundraising | $15,736 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,946,369 | TotalAmt |
| Program Services | $12,400,230 | ProgramServicesAmt |
| Management And General | $3,052,740 | ManagementAndGeneralAmt |
| Fundraising | $493,399 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,137,482 | BOYAmt |
| EOY | $18,636,753 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $911,478 | BOYAmt |
| EOY | $4,202,657 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,196,756 | BOYAmt |
| EOY | $1,790,696 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,899 | BOYAmt |
| EOY | $141,900 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $27,232,326 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,190,616 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,635,756 | BOYAmt |
| EOY | $25,041,710 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,913 | BOYAmt |
| EOY | $129,995 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,218,284 | BOYAmt |
| EOY | $49,943,711 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,750,899 | BOYAmt |
| EOY | $1,640,582 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,129,733 | BOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,684,527 | BOYAmt |
| EOY | $34,753,174 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,693,744 | BOYAmt |
| EOY | $2,091,570 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,971,353 | BOYAmt |
| EOY | $1,897,862 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,230,256 | BOYAmt |
| EOY | $40,383,188 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,354,261 | BOYAmt |
| EOY | $5,434,650 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $633,767 | BOYAmt |
| EOY | $4,125,873 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,988,028 | BOYAmt |
| EOY | $9,560,523 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,218,284 | BOYAmt |
| EOY | $49,943,711 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,572,495 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,950,432 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,932,286 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,191,269 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,873,123 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,723,731 | CurrentTaxYearAmt |
| Total | $74,670,841 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,950,432 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,932,286 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,191,269 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,873,123 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,723,731 | CurrentTaxYearAmt |
| Total | $74,670,841 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $74,670,841 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $875,668 | CurrentTaxYearAmt |
| Total | $875,668 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | -$252,218 | CurrentTaxYearAmt |
| Total | -$252,218 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $75,294,291 | TotalSupportAmt |
| Public Support CY170 | 0.99170 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,137,215 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,547,105 | DepreciationAmt |
| Book Value | $24,590,110 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,095,111 | OtherCostOrOtherBasisAmt |
| Depreciation | $643,511 | DepreciationAmt |
| Book Value | $451,600 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $25,041,710 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CA SCHOOL FINANCE AUHTORITY LOAN | $1,852,000 |
| OPERATING LEASE LIABILITY | $45,862 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,897,862 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $22,013,405 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $112,590 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,381,951 | OtherRevenueAmt |
| Revenue Not Reported | $2,494,541 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,518,864 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $19,518,864 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,440,910 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $112,590 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $2,381,951 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,494,541 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,946,369 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,946,369 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 2,381,951. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 2,381,951. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GIRLS BUILD SUMMIT | Event1Nm |
| Gross Receipts Event1 | $333,500 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $333,500 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $20,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $12,000 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $25,000 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $198,000 | OtherDirectExpensesEvent1Amt |
| Event2 | ARTS MATTER SYMPOSIUM | Event2Nm |
| Gross Receipts Event2 | $304,460 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $304,460 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $15,000 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $13,250 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $15,000 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $169,479 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $637,960 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $637,960 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $35,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $25,250 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $40,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $367,479 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $467,729 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $170,231 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | EDUCATIONAL SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 521 | RecipientCnt |
| Cash Grant | $516,763 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WHEN NOTIFYING A STUDENT THAT THEY ARE RECEPIENT OF A SCHOLARSHIP, THEY ARE PROVIDED WITH A LETTER EXPLAINING THE ELIGIBLE EXPENSES THAT CAN BE USED AGAINST THE SCHOLARSHIP. IN ADDITION, PRIOR TO RELEASING SCHOLARSHIP FUNDS THE STUDENT MUST PROVIDE PROOF OF ENROLLMENT. THE DONOR AND MENTORS WHO PROVIDE THE DONATIONS TO BE USED AS SCHOLARSHIPS, THEN FOLLOW UP WITH THE RECEIPIENT TO CHECK IN ON THEIR STATUS AS A STUDENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VERONICA MELVIN | ||||||||||||||
| CEO/PRESIDENT | $269,535 | $0 | $300 | $0 | $0 | $0 | $9,771 | $0 | $28,774 | $0 | $308,380 | $0 | $0 | $0 |
| IBERT SCHULTZ | ||||||||||||||
| EXEC DIR OF BLACK COLLEGE SUCCESS | $210,960 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27,177 | $0 | $238,137 | $0 | $0 | $0 |
| LILIANA VASQUEZ | ||||||||||||||
| COO | $154,065 | $0 | $550 | $0 | $0 | $0 | $6,287 | $0 | $7,358 | $0 | $168,260 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA SCHOOL FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 680280917 | BondIssuerEIN |
| CUSIP | 13058TPA2 | CUSIPNum |
| Bond Issued | 2021-12-14 | BondIssuedDt |
| Issue Price | $35,060,258 | IssuePriceAmt |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $35,060,258 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $651,763 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $34,408,495 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | Yes (1) | Form8038TFiledInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE SENIOR LEADERSHIP AND THEN PRESENTED TO THE FINANCE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL QUESTIONAIRES ARE COMPLETED BY EACH BOARD MEMBER. THE COMPLIANCE OFFICER, CEO, AND COO MONITOR THE COMPLIANCE OF THE CONFLICT OF INTEREST POLICY. IF A CONFLICT SHOULD ARISE THE EXECUTIVE COMMITTEE WILL MEET TO ADDRESS AND RESOLVE THE ISSUE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS SET THE COMPENSATION, ON AN ANNUAL BASIS, OF THE CEO BASED ON PERFORMANCE, COMPARABLE DATA OF SIMILAR ORGANIZATIONS AND THE FINANCIAL STATUS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 635,661. MANAGEMENT AND GENERAL EXPENSES 489,359. FUNDRAISING EXPENSES 98. TOTAL EXPENSES 1,125,118. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 647,230. MANAGEMENT AND GENERAL EXPENSES 75,723. FUNDRAISING EXPENSES 21,843. TOTAL EXPENSES 744,796. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LA PROMISE FUND FACILITY LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1933 S BROADWAY SUITE 1108 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | PROPERTY HOLDING LLC | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Total Income | $2,381,951 | TotalIncomeAmt |
| End Of Year Assets | $34,945,544 | EndOfYearAssetsAmt |