Civic Intelligence

La Promise Fund

990 • Fiscal year 2019 • EIN 20-4562686

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

1933 S Broadway Suite 1108Los Angeles, CA 90007

(213) 745-4928

Siviq Scores

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

Liabilities / Assets

65th percentile

0.31x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

62nd percentile

7.6%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$220,495

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

90th percentile

36%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,221,247

Up $1,373,611 (+36%) from 2018

Net Assets

Up

$3,581,829

Up $706,932 (+25%) from 2018

Liabilities

Up

$1,639,418

Up $666,679 (+69%) from 2018

Revenue

Up

$9,264,786

Up $1,064,863 (+13%) from 2018

Expenses

Up

$8,557,854

Up $1,156,426 (+16%) from 2018

Net Income

Down

$706,932

Down $91,563 (-11%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$5,221,247
Liabilities$1,639,418
Net Assets$3,581,829

Operations Trend

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

2019

Revenue$9,264,786
Expenses$8,557,854
Net Income$706,932
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.2
Gross Receipts
$9,312,086
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$1,806,987$3,586,332▲ $1,779,345
Pledges and Grants Receivable$1,692,643$680,173▼ $1,012,470
Accounts Receivable-$654,703-
Land, Buildings, and Equipment, Net$187,044$143,671▼ $43,373
Prepaid Expenses and Deferred Charges$90,019$114,421▲ $24,402
Total Assets$3,847,636$5,221,247▲ $1,373,611
Other Assets Total$70,943$41,947▼ $28,996
Liabilities
Accounts Payable and Accrued Expenses$504,741$1,256,634▲ $751,893
Other Liabilities$467,998$347,673▼ $120,325
Deferred Revenue-$35,111-
Total Liabilities$972,739$1,639,418▲ $666,679
Net Assets / Fund Balance
Unrestricted Net Assets$906,526$2,528,347▲ $1,621,821
Temporarily Rstr Net Assets$1,968,371$1,053,482▼ $914,889
Total Net Assets Fund Balance$2,874,897$3,581,829▲ $706,932
Total Liabilities and Net Assets / Fund Balance$3,847,636$5,221,247▲ $1,373,611

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$143,671$328,372$472,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Veronica MelvinCEO/presidentFT$203,784$16,711$220,495
Ben AustinEd Kid CoalitionFT$191,357$18,497$209,854
Claudia KellerChief Development OfficerFT$150,217$13,366$163,583
Donna JacobsonDirector of SchoolsFT$122,386$6,831$129,217
Sam GelinasChief Program OfficerFT$110,295$7,279$117,574
Rachelle Mcclendon-alexanderDirector of Partner SchoolFT$107,296$6,742$114,038
David CarrPrincipalFT$107,178$4,881$112,059

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$9,264,330
Program Service Revenue
$0
Investment Income
$456
Other Revenue
$0
All Other Contributions
$4,549,034
Change in Net Assets
$706,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,264,786
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,264,786
Total Revenue per Form 990
$9,264,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,500,196
Other Expenses$3,810,414
Total Fundraising Expense$469,911
Grants and Similar Amounts Paid$247,244
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,151,968$221,426$245,645$3,619,039
Fees for Services Other$1,593,354$452,945$84,065$2,130,364
Occupancy$445,260$51,211$17,431$513,902
Payroll Taxes$264,446$24,377$21,155$309,978
All Other Expenses$157,281$114,896$10,083$282,260
Other Employee Benefits$209,872$34,103$17,617$261,592
Current Officers, Directors, Trustees, and Key Employees$189,146$11,822$35,465$236,433
Grants to Domestic Individuals$147,244--$147,244
Office Expenses$89,214$31,535$9,548$130,297
Other Expenses$120,184$36,287$131$120,184
Grants to Domestic Orgs$100,000--$100,000
Pension Plan Contributions$56,387$8,851$7,916$73,154
Insurance$55,411$8,249$8,754$72,414
Information Technology$55,732$1,861$2,307$59,900
Depreciation Depletion$35,779--$35,779
Conferences and Meetings$17,610$6,069$2,430$26,109
Travel$13,098$609$3,901$17,608
Interest-$6,640-$6,640
Total Functional Expenses$7,069,472$1,018,471$469,911$8,557,854

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,557,854
Total Expenses per Audited Statements$8,557,854
Total Expenses per Form 990$8,557,854
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Augustus F Hawkins High SchoolLos Angeles, CAPublic SchoolEducation$30,000
Crenshaw High SchoolLos Angeles, CAPublic SchoolEducation$10,000
Dorsey High SchoolLos Angeles, CAPublic SchoolEducation$10,000
Fremont High SchoolLos Angeles, CAPublic SchoolEducation$10,000
Orthopaedic Hospital Medical HighLos Angeles, CAPublic SchoolEducation$10,000
Santee Education ComplexLos Angeles, CAPublic SchoolEducation$10,000
Synergy Charter AcademyLos Angeles, CAPublic SchoolEducation$10,000
West Adams Prep High School Student BodyLos Angeles, CAPublic SchoolEducation$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,300
Fundraising Gross Income$47,300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$980,935$47,300$42,400$4,900
Total Events$980,935$47,300$47,300$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
Note Payable$347,673
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 A, Line 8B

The organization does not have a committee with authority to act on its behalf.

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
1933 S BROADWAY SUITE 1108, LOS ANGELES, CA 90007

Signing Officer

Name
Veronica Melvin
Title
CEO/president
Phone
2137454928
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Melvin
Formed
2005
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
90
Volunteers
200

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 1,218,071. Management and general expenses 264,609. Fundraising expenses 17,417. Total expenses 1,500,097. Outside services: program service expenses 375,283. Management and general expenses 188,336. Fundraising expenses 66,648. Total expenses 630,267.

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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IRS990/ActivityOrMissionDesc0PREPARING 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.
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IRS990/Desc0THE LA PROMISE FUND IS AN UNIQUE HYBRID, OPERATING SCHOOL BASED PROGRAMS(GO TO COLLEGE, PROMISE PARENTS, 7 TO 7 AND HEALTH WELLNESS) IN PARTNERSHIP WITH LOS ANGELES UNIFIED SCHOOL DISTRICT AT TWO TRADITIONAL, COMPREHENSIVE HIGH SCHOOLS AND A MIDDLE SCHOOL, AS WELL AS OPERATING TWO CHARTER SCHOOLS IN SOUTH LA. FURTHER AMPLIFYING ITS IMPACT, THE LA PROMISE FUND RUNS HIGH PROFILE, FAR REACHING PROGRAMS AND ENGAGEMENT OPPORTUNITIES AVAILABLE TO STUDENTS AND TEACHERS ACROSS LOS ANGELES COUNTY. THIS STRUCTURE ALLOWS FOR BOTH HIGH TOUCH, INTENSIVE SUPPORTS ON SCHOOL SITES, INSIDE AND OUTSIDE OF THE TRADITIONAL DISTRICT SYSTEM, WHILE SERVING STUDENTS THROUGH HIGH PROFILE, INNOVATIVE COUNTY WIDE PROGRAMS (THE INTERN PROJECT, #ARTSMATTER, HEALTH & WELLNESS/SCHOOL FUEL AND GIRLS BUILD LA) THAT ARE AVAILABLE TO STUDENTS COUTYWIDE.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2316711
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2618497
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2713366
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt286831
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt297279
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt306742
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt314881
IRS990/Form990PartVIISectionAGrp/PersonNm0MEGAN CHERNIN
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN PROUGH
IRS990/Form990PartVIISectionAGrp/PersonNm2LAURA ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm3CATHY BENDER
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHANIE CHRISTIE
IRS990/Form990PartVIISectionAGrp/PersonNm5ALI POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm6ANDREA FOGGY-PAXTON
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHLEEN KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBIN KURTZMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9PAUL DE BERNIER
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC GARCETTI
IRS990/Form990PartVIISectionAGrp/PersonNm11ELIZABETH MANN
IRS990/Form990PartVIISectionAGrp/PersonNm12ALLAN MAYER
IRS990/Form990PartVIISectionAGrp/PersonNm13BRIAN MCNAMEE
IRS990/Form990PartVIISectionAGrp/PersonNm14SIMON OSBORN
IRS990/Form990PartVIISectionAGrp/PersonNm15ALISON TEMPLE
IRS990/Form990PartVIISectionAGrp/PersonNm16DANIELLE VICK
IRS990/Form990PartVIISectionAGrp/PersonNm17LORI JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm18JAIME UZETA
IRS990/Form990PartVIISectionAGrp/PersonNm19ERIC REED
IRS990/Form990PartVIISectionAGrp/PersonNm20FRANK MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTOPHER BREARTON
IRS990/Form990PartVIISectionAGrp/PersonNm22IVELISSE ESTRADA
IRS990/Form990PartVIISectionAGrp/PersonNm23VERONICA MELVIN
IRS990/Form990PartVIISectionAGrp/PersonNm24DEAN HALLETT
IRS990/Form990PartVIISectionAGrp/PersonNm25MELISSA STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm26BEN AUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm27CLAUDIA KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm28DONNA JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm29SAM GELINAS
IRS990/Form990PartVIISectionAGrp/PersonNm30RACHELLE MCCLENDON-ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm31DAVID CARR
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/ReportableCompFromOrgAmt23203784
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26191357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27150217
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28122386
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29110295
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30107296
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31107178
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/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
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/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26ED KID COALITION
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIR OF PARTNER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0933635
IRS990/FundraisingDirectExpensesAmt047300
IRS990/FundraisingGrossIncomeAmt047300
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt03781661
IRS990/GrantAmt0247244
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0147244
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0147244
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0100000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0100000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09312086
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02307
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01861
IRS990/InformationTechnologyGrp/ProgramServicesAmt055732
IRS990/InformationTechnologyGrp/TotalAmt059900
IRS990/InsuranceGrp/FundraisingAmt08754
IRS990/InsuranceGrp/ManagementAndGeneralAmt08249
IRS990/InsuranceGrp/ProgramServicesAmt055411
IRS990/InsuranceGrp/TotalAmt072414
IRS990/InterestGrp/ManagementAndGeneralAmt06640
IRS990/InterestGrp/TotalAmt06640
IRS990/InvestmentIncomeGrp/ExclusionAmt0456
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0456
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0328372
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0187044
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0143671
IRS990/LandBldgEquipCostOrOtherBssAmt0472043
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LA 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
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02874897
IRS990/NetAssetsOrFundBalancesEOYAmt03581829
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt017431
IRS990/OccupancyGrp/ManagementAndGeneralAmt051211
IRS990/OccupancyGrp/ProgramServicesAmt0445260
IRS990/OccupancyGrp/TotalAmt0513902
IRS990/OfficeExpensesGrp/FundraisingAmt09548
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031535
IRS990/OfficeExpensesGrp/ProgramServicesAmt089214
IRS990/OfficeExpensesGrp/TotalAmt0130297
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt070943
IRS990/OtherAssetsTotalGrp/EOYAmt041947
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt017617
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034103
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0209872
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0261592
IRS990/OtherExpensesGrp/Desc0FOOD AND CATERING
IRS990/OtherExpensesGrp/Desc1SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3GRANTS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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