Civic Intelligence

La Promise Fund

990 • Fiscal year 2017 • EIN 20-4562686

Jul 01, 2016 to Jun 30, 2017 • Filed on May 02, 2018

Organization ProfileWWW.LAPROMISEFUND.ORG

View Organization Page

202 W 1st StLos Angeles, CA 90012

(213) 745-4928

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.17x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$236,731

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

11th percentile

-8.0%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

40%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$2,941,572

Down $255,730 (-8.0%) from 2016

Net Assets

Down

$2,076,402

Down $645,484 (-24%) from 2016

Liabilities

Up

$865,170

Up $389,754 (+82%) from 2016

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin16th percentile

Revenue

Up

$5,131,977

Up $1,459,923 (+40%) from 2016

Expenses

Up

$5,769,247

Up $2,734,736 (+90%) from 2016

Net Income

Down

-$637,270

Down $1,274,813 (-200%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $1,599,610Liabilities 2011: $249,473Net Assets 2011: $1,350,1372011Assets 2012: $978,215Liabilities 2012: $227,892Net Assets 2012: $750,3232012Assets 2013: $575,302Liabilities 2013: $184,946Net Assets 2013: $390,3562013Assets 2014: $826,617Liabilities 2014: $219,056Net Assets 2014: $607,5612014Assets 2015: $1,755,341Liabilities 2015: $304,092Net Assets 2015: $1,451,2492015Assets 2016: $3,197,302Liabilities 2016: $475,416Net Assets 2016: $2,721,8862016Assets 2017: $2,941,572Liabilities 2017: $865,170Net Assets 2017: $2,076,4022017Assets 2018: $3,847,636Liabilities 2018: $972,739Net Assets 2018: $2,874,8972018Assets 2019: $5,221,247Liabilities 2019: $1,639,418Net Assets 2019: $3,581,8292019Assets 2020: $7,744,642Liabilities 2020: $3,401,471Net Assets 2020: $4,343,1712020Assets 2021: $8,970,074Liabilities 2021: $2,542,461Net Assets 2021: $6,427,6132021Assets 2022: $49,429,202Liabilities 2022: $41,884,537Net Assets 2022: $7,544,6652022Assets 2023: $48,218,284Liabilities 2023: $42,230,256Net Assets 2023: $5,988,0282023Assets 2024: $49,943,711Liabilities 2024: $40,383,188Net Assets 2024: $9,560,5232024

Highlighted filing

2017

Assets$2,941,572
Liabilities$865,170
Net Assets$2,076,402
Open 2017 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2011: $2,812,0742011Expenses 2012: $3,563,7532012Expenses 2013: $3,429,1392013Revenue 2014: $2,903,528Expenses 2014: $2,686,323Net Income 2014: $217,2052014Revenue 2015: $3,960,100Expenses 2015: $3,116,412Net Income 2015: $843,6882015Revenue 2016: $3,672,054Expenses 2016: $3,034,511Net Income 2016: $637,5432016Revenue 2017: $5,131,977Expenses 2017: $5,769,247Net Income 2017: -$637,2702017Revenue 2018: $8,199,923Expenses 2018: $7,401,428Net Income 2018: $798,4952018Revenue 2019: $9,264,786Expenses 2019: $8,557,854Net Income 2019: $706,9322019Revenue 2020: $11,950,432Expenses 2020: $11,189,090Net Income 2020: $761,3422020Revenue 2021: $12,859,195Expenses 2021: $10,774,753Net Income 2021: $2,084,4422021Revenue 2022: $15,071,176Expenses 2022: $13,954,124Net Income 2022: $1,117,0522022Revenue 2023: $13,745,998Expenses 2023: $15,302,635Net Income 2023: -$1,556,6372023Revenue 2024: $19,518,864Expenses 2024: $15,946,369Net Income 2024: $3,572,4952024

Highlighted filing

2017

Revenue$5,131,977
Expenses$5,769,247
Net Income-$637,270
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 2, 2018
Return Version
2016v3.0
Gross Receipts
$5,217,138
Mission and Program Overview

Mission

La promise fund is dedicated to preparing los angeles students for success in college, careerand life by working through a network of high-performing, community-based schools and a portfolio of high impact programs

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,662,143$1,753,647▲ $91,504
Pledges and Grants Receivable$1,440,271$987,497▼ $452,774
Land, Buildings, and Equipment, Net$59,265$90,257▲ $30,992
Prepaid Expenses and Deferred Charges$26,533$68,224▲ $41,691
Cash and Non-Interest-Bearing Accounts$347--
Total Assets$3,197,302$2,941,572▼ $255,730
Other Assets Total$8,743$41,947▲ $33,204
Liabilities
Accounts Payable and Accrued Expenses$475,416$589,620▲ $114,204
Other Liabilities$0$275,550▲ $275,550
Total Liabilities$475,416$865,170▲ $389,754
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,814,834$1,786,381▼ $28,453
Unrestricted Net Assets$907,052$290,021▼ $617,031
Total Net Assets Fund Balance$2,721,886$2,076,402▼ $645,484
Total Liabilities and Net Assets / Fund Balance$3,197,302$2,941,572▼ $255,730

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$90,257$270,095$360,352
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Veronica MelvinCEO/presidentFT$217,802$18,929$236,731
Nolberto DelgadilloChief Operating OfficerFT$109,666$10,498$120,164

Board Members and Trustees

NameTitle
Megan CherninCo-chair
Stephen ProughCo-chair
Alison TempleDirector
Allan MayerDirector
Andrea Foggy-paxtonDirector
Austin BeutnerDirector
Brian McnameeDirector
Christopher BreartonDirector
Danielle VickDirector
Eric GarcettiDirector
Erik FeigDirector
Frank MarshallDirector
Ivelisse EstradaDirector
Kathleen KennedyDirector
Ken VilsDirector
Kevin SharerDirector
Louise BrysonDirector
Paul De BernierDirector
Robin KurtzmanDirector
Simon OsbornDirector
Stephanie ChristieDirector
Elizabeth MannSecretary
Dean HallettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Points Of Light-600 MEANS ST SUITE 210, Atlanta, GA 30318$116,250
Revenue and Support

Revenue Composition

Contributions and Grants
$4,974,787
Program Service Revenue
$0
Investment Income
$2,731
Other Revenue
$154,459
All Other Contributions
$2,519,234
Change in Net Assets
$-637,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,822,140
Other Expenses$2,728,347
Total Fundraising Expense$332,389
Grants and Similar Amounts Paid$218,760
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,426,035$503,488$142,744$2,072,267
Fees for Services Other$734,419$83,625$60,100$878,144
Current Officers, Directors, Trustees, and Key Employees$256,492$32,823$38,153$327,468
All Other Expenses$250,811$26,668$9,538$287,017
Occupancy$196,952$13,847$11,642$222,441
Grants to Domestic Individuals$218,760--$218,760
Payroll Taxes$156,198$21,998$14,432$192,628
Other Employee Benefits$143,165$24,630$14,988$182,783
Information Technology$145,560$3,023$8,240$156,823
Other Expenses$95,695$2,500$15,662$98,195
Office Expenses$77,853$11,036$2,584$91,473
Insurance$47,787$7,156$5,231$60,174
Pension Plan Contributions$35,324$7,664$4,006$46,994
Conferences and Meetings$30,450$9,699$1,373$41,522
Depreciation Depletion$36,113--$36,113
Travel$17,603$416$3,696$21,715
Total Functional Expenses$4,671,451$765,407$332,389$5,769,247
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$85,161
Fundraising Gross Income$85,161
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,307,475$85,161$40,593$44,568
Total Events$1,307,475$85,161$85,161$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$275,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
La Promise Fund
EIN
20-4562686
Phone
2137454928
Address
202 W 1ST ST, LOS ANGELES, CA 90012

Signing Officer

Name
Veronica Melvin
Title
CEO/president
Phone
2137454928
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Melvin
Formed
2005
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
23
Employees
70
Volunteers
0

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 397,905. Management and general expenses 79,154. Fundraising expenses 18,948. Total expenses 496,007. Outside services: program service expenses 336,514. Management and general expenses 4,471. Fundraising expenses 41,152. Total expenses 382,137.”

Financial Statement Notes

PART X, LINE 2:

“La promise fund has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm18DEAN HALLETT
IRS990/Form990PartVIISectionAGrp/PersonNm19KEVIN SHARER
IRS990/Form990PartVIISectionAGrp/PersonNm20FRANK MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTOPHER BREARTON
IRS990/Form990PartVIISectionAGrp/PersonNm22IVELISSE ESTRADA
IRS990/Form990PartVIISectionAGrp/PersonNm23VERONICA MELVIN
IRS990/Form990PartVIISectionAGrp/PersonNm24NOLBERTO DELGADILLO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23217802
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24109666
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt01222314
IRS990/FundraisingDirectExpensesAmt085161
IRS990/FundraisingGrossIncomeAmt085161
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt01233239
IRS990/GrantAmt0218760
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0218760
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0218760
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05217138
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt08240
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03023
IRS990/InformationTechnologyGrp/ProgramServicesAmt0145560
IRS990/InformationTechnologyGrp/TotalAmt0156823
IRS990/InsuranceGrp/FundraisingAmt05231
IRS990/InsuranceGrp/ManagementAndGeneralAmt07156
IRS990/InsuranceGrp/ProgramServicesAmt047787
IRS990/InsuranceGrp/TotalAmt060174
IRS990/InvestmentIncomeGrp/ExclusionAmt02731
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02731
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt078
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0270095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt059265
IRS990/LandBldgEquipBasisNetGrp/EOYAmt090257
IRS990/LandBldgEquipCostOrOtherBssAmt0360352
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PREPARING 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02721886
IRS990/NetAssetsOrFundBalancesEOYAmt02076402
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt011642
IRS990/OccupancyGrp/ManagementAndGeneralAmt013847
IRS990/OccupancyGrp/ProgramServicesAmt0196952
IRS990/OccupancyGrp/TotalAmt0222441
IRS990/OfficeExpensesGrp/FundraisingAmt02584
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011036
IRS990/OfficeExpensesGrp/ProgramServicesAmt077853
IRS990/OfficeExpensesGrp/TotalAmt091473
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08743
IRS990/OtherAssetsTotalGrp/EOYAmt041947
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014988
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024630
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0143165
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0182783
IRS990/OtherExpensesGrp/Desc0SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc1FOOD AND CATERING
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3GRANTS
IRS990/OtherExpensesGrp/FundraisingAmt015662
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19021
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt239
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32500
IRS990/OtherExpensesGrp/ProgramServicesAmt0471565
IRS990/OtherExpensesGrp/ProgramServicesAmt1221558
IRS990/OtherExpensesGrp/ProgramServicesAmt2109111
IRS990/OtherExpensesGrp/ProgramServicesAmt395695
IRS990/OtherExpensesGrp/TotalAmt0479339
IRS990/OtherExpensesGrp/TotalAmt1246241
IRS990/OtherExpensesGrp/TotalAmt2109150
IRS990/OtherExpensesGrp/TotalAmt398195
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0275550
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0154459
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0154459
IRS990/OtherRevenueTotalAmt0154459
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0142744
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0503488
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01426035
IRS990/OtherSalariesAndWagesGrp/TotalAmt02072267
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014432
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021998
IRS990/PayrollTaxesGrp/ProgramServicesAmt0156198
IRS990/PayrollTaxesGrp/TotalAmt0192628
IRS990/PensionPlanContributionsGrp/FundraisingAmt04006
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07664
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035324
IRS990/PensionPlanContributionsGrp/TotalAmt046994
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01440271
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0987497
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026533
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt068224
IRS990/PrincipalOfficerNm0VERONICA MELVIN
IRS990/PriorPeriodAdjustmentsAmt0-8214
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TEACHERS & LEADERS INNOVATIVE EDUCATION: CONNECTS TEACHERS WITH THE BEST RESOURCES AVAILABLE TO TRANSFORM PUBLIC SCHOOL CLASSROOMS INTO A PLACE OF EXCITEMENT AND INSPIRATION. LA PROMISE IS DEDICATED TO SUPPORTING BLENDED LEARNING AND LINKED LEARNING ACROSS ITS CAMPUS. THE INTERN PROJECT-PLACES STUDENTS INTO AMAZING INTERSHIP AND MENTORSHIP EXPERIENCES. GIRLS BUILD LA - EMPOWERS GIRLS TO MAKE SOCIAL CHANGE THROUGH STEM PRINICIPLES, CIVIC ENGAGEMENT AND A 21ST CENTURY SKILLSET. ARTSMATTER- ADDRESSES NEED FOR THE ARTS IN PUBLIC EDUCATION THROUGH TEACHER SUPPORT AND PROGRAM SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02444773
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATIONS: SUPPORTS SCHOOL'S OPERATIONAL (BUDGETING, HR, TECHNOLOGY ETC) NEEDS TO INCREASE EACH SCHOOL ADMINISTRATOR'S BANDWIDTH TO FOCUS ON INSTRUCTIONAL PRIORITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0285728
IRS990/ProhibitedTaxShelterTransInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,941,572
Liabilities
$865,170
Net assets
$2,076,402
Revenue
$5,131,977
Expenses
$5,769,247
Net income
-$637,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.9$40.4$9.56$19.5$15.9$3.57
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.2$42.2$5.99$13.7$15.3$1.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.4$41.9$7.54$15.1$14.0$1.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.97$2.54$6.43$12.9$10.8$2.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.74$3.40$4.34$12.0$11.2$0.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.22$1.64$3.58$9.26$8.56$0.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.97$2.87$8.20$7.40$0.80
2017Detailed filing. Detailed filing data is available for this year.$2.94$0.87$2.08$5.13$5.77$0.64
2016Detailed filing. Detailed filing data is available for this year.$3.20$0.48$2.72$3.67$3.03$0.64
2015Summary only. Only limited summary data is available for this year.$1.76$0.30$1.45$3.96$3.12$0.84
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.22$0.61$2.90$2.69$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.18$0.39$3.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.23$0.75$3.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.25$1.35$2.81