Civic Intelligence

La Promise Fund

990 • Fiscal year 2018 • EIN 20-4562686

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

60th percentile

0.25x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.12x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

66th percentile

9.7%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$234,107

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

89th percentile

31%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

60%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$3,847,636

Up $906,064 (+31%) from 2017

Net Assets

Up

$2,874,897

Up $798,495 (+38%) from 2017

Liabilities

Up

$972,739

Up $107,569 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin66th percentile

Revenue

Up

$8,199,923

Up $3,067,946 (+60%) from 2017

Expenses

Up

$7,401,428

Up $1,632,181 (+28%) from 2017

Net Income

Up

$798,495

Up $1,435,765 (+225%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2018

Assets$3,847,636
Liabilities$972,739
Net Assets$2,874,897
Open 2018 Filing

Operations Trend

Revenue Growth90th 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

2018

Revenue$8,199,923
Expenses$7,401,428
Net Income$798,495
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$8,199,923
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$1,753,647$1,806,987▲ $53,340
Pledges and Grants Receivable$987,497$1,692,643▲ $705,146
Land, Buildings, and Equipment, Net$90,257$187,044▲ $96,787
Prepaid Expenses and Deferred Charges$68,224$90,019▲ $21,795
Total Assets$2,941,572$3,847,636▲ $906,064
Other Assets Total$41,947$70,943▲ $28,996
Liabilities
Accounts Payable and Accrued Expenses$589,620$504,741▼ $84,879
Other Liabilities$275,550$467,998▲ $192,448
Total Liabilities$865,170$972,739▲ $107,569
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,786,381$1,968,371▲ $181,990
Unrestricted Net Assets$290,021$906,526▲ $616,505
Total Net Assets Fund Balance$2,076,402$2,874,897▲ $798,495
Total Liabilities and Net Assets / Fund Balance$2,941,572$3,847,636▲ $906,064

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$187,044$318,640$505,684
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Veronica MelvinCEO/presidentFT$212,610$21,497$234,107
Nolberto DelgadilloChief Operating OfficerFT$54,833-$54,833

Board Members and Trustees

NameTitle
Megan CherninCo-chair
Stephen ProughCo-chair
Alison TempleDirector
Allan MayerDirector
Andrea Foggy-paxtonDirector
Brian McnameeDirector
Cathy BenderDirector
Christopher BreartonDirector
Danielle VickDirector
Eric GarcettiDirector
Erik FeigDirector
Frank MarshallDirector
Ivelisse EstradaDirector
Jaime UzetaDirector
Kathleen KennedyDirector
Laura RogersDirector
Lori JohnstonDirector
Paul De BernierDirector
Robin KurtzmanDirector
Simon OsbornDirector
Stephanie ChristieDirector
Elizabeth MannSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$8,199,754
Program Service Revenue
$0
Investment Income
$169
Other Revenue
$0
All Other Contributions
$4,782,557
Change in Net Assets
$798,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,199,923
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,199,923
Total Revenue per Form 990
$8,199,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,919,702
Other Expenses$3,377,499
Total Fundraising Expense$401,864
Grants and Similar Amounts Paid$104,227
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,899,678$199,339$256,651$3,355,668
Fees for Services Other$935,988$308,094$47,617$1,291,699
Occupancy$88,939$369,655$15,571$474,165
Payroll Taxes$238,677$13,924$18,846$271,447
Information Technology$263,974$2,218$3,280$269,472
Other Employee Benefits$208,390$17,239$14,679$240,308
All Other Expenses$134,022$75,765$11,901$221,688
Insurance$105,647$18,285$15,509$139,441
Other Expenses$105,949$15,857$704$106,653
Grants to Domestic Individuals$104,227--$104,227
Office Expenses$49,041$20,728$6,697$76,466
Pension Plan Contributions$37,325$8,654$6,300$52,279
Depreciation Depletion$48,545--$48,545
Conferences and Meetings$14,393$9,222$793$24,408
Travel$8,355$658$1,244$10,257
Interest-$2,792-$2,792
Total Functional Expenses$5,903,443$1,096,121$401,864$7,401,428

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,401,428
Total Expenses per Audited Statements$7,401,428
Total Expenses per Form 990$7,401,428
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Long Term Obligations$467,998
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
2019-05-15
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
45
Volunteers
200

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 502,334. Management and general expenses 230,379. Fundraising expenses 8,575. Total expenses 741,288. Outside services: program service expenses 433,654. Management and general expenses 77,715. Fundraising expenses 39,042. Total expenses 550,411.”

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/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/ReportableCompFromOrgAmt22212610
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2354833
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/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/TitleTxt22CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt03417197
IRS990/GrantAmt0104227
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0104227
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0104227
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08199923
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03280
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02218
IRS990/InformationTechnologyGrp/ProgramServicesAmt0263974
IRS990/InformationTechnologyGrp/TotalAmt0269472
IRS990/InsuranceGrp/FundraisingAmt015509
IRS990/InsuranceGrp/ManagementAndGeneralAmt018285
IRS990/InsuranceGrp/ProgramServicesAmt0105647
IRS990/InsuranceGrp/TotalAmt0139441
IRS990/InterestGrp/ManagementAndGeneralAmt02792
IRS990/InterestGrp/TotalAmt02792
IRS990/InvestmentIncomeGrp/ExclusionAmt0169
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0169
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0318640
IRS990/LandBldgEquipBasisNetGrp/BOYAmt090257
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0187044
IRS990/LandBldgEquipCostOrOtherBssAmt0505684
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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/NetAssetsOrFundBalancesBOYAmt02076402
IRS990/NetAssetsOrFundBalancesEOYAmt02874897
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015571
IRS990/OccupancyGrp/ManagementAndGeneralAmt0369655
IRS990/OccupancyGrp/ProgramServicesAmt088939
IRS990/OccupancyGrp/TotalAmt0474165
IRS990/OfficeExpensesGrp/FundraisingAmt06697
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020728
IRS990/OfficeExpensesGrp/ProgramServicesAmt049041
IRS990/OfficeExpensesGrp/TotalAmt076466
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt041947
IRS990/OtherAssetsTotalGrp/EOYAmt070943
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014679
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017239
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0208390
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0240308
IRS990/OtherExpensesGrp/Desc0FOOD AND CATERING
IRS990/OtherExpensesGrp/Desc1SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc2GRANTS
IRS990/OtherExpensesGrp/Desc3TRANSPORTATION
IRS990/OtherExpensesGrp/FundraisingAmt02072
IRS990/OtherExpensesGrp/FundraisingAmt1704
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09902
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123789
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215857
IRS990/OtherExpensesGrp/ProgramServicesAmt0377730
IRS990/OtherExpensesGrp/ProgramServicesAmt1153536
IRS990/OtherExpensesGrp/ProgramServicesAmt2129027
IRS990/OtherExpensesGrp/ProgramServicesAmt3105949
IRS990/OtherExpensesGrp/TotalAmt0389704
IRS990/OtherExpensesGrp/TotalAmt1177325
IRS990/OtherExpensesGrp/TotalAmt2144884
IRS990/OtherExpensesGrp/TotalAmt3106653
IRS990/OtherLiabilitiesGrp/BOYAmt0275550
IRS990/OtherLiabilitiesGrp/EOYAmt0467998
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0256651
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0199339
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02899678
IRS990/OtherSalariesAndWagesGrp/TotalAmt03355668
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt018846
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013924
IRS990/PayrollTaxesGrp/ProgramServicesAmt0238677
IRS990/PayrollTaxesGrp/TotalAmt0271447
IRS990/PensionPlanContributionsGrp/FundraisingAmt06300
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08654
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037325
IRS990/PensionPlanContributionsGrp/TotalAmt052279
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0987497
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01692643
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068224
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt090019
IRS990/PrincipalOfficerNm0VERONICA MELVIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0LA PROMISE CHARTER SCHOOLS-THE LA PROMISE FUND IS BUILDING SMALL LEARNING COMMUNITIES, WHERE IT CAN IMPLEMENT INNOVATIVE EDUCATIONAL APPROACHES. THE TWO SCHOOLS ARE LA PROMISE CHARTER MIDDLE SCHOOL AND LA PROMISE CHARTER HIGH SCHOOL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03403501
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04974787
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0218760
IRS990/PYInvestmentIncomeAmt02731
IRS990/PYOtherExpensesAmt02728347
IRS990/PYOtherRevenueAmt0154459
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-637270
IRS990/PYSalariesCompEmpBnftPaidAmt02822140
IRS990/PYTotalExpensesAmt05769247
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05131977
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0798495
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01753647
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01806987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08199754
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04974787
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02991333

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,847,636
Liabilities
$972,739
Net assets
$2,874,897
Revenue
$8,199,923
Expenses
$7,401,428
Net income
$798,495
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
2018Detailed filing. Detailed filing data is available for this year.$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