Civic Intelligence

La Promise Fund

990T • Fiscal year 2022 • EIN 20-4562686

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization ProfileWWW.LAPROMISEFUND.ORG

View Organization Page

1933 S Broadway Suite 1108Los Angeles, CA 90007

(213) 745-4928

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

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

Latest loaded filing

2024

Assets$49,943,711
Liabilities$40,383,188
Net Assets$9,560,523
Open 2024 Filing

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

Latest loaded filing

2024

Revenue$19,518,864
Expenses$15,946,369
Net Income$3,572,495
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.3
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

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
2023-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Raw XML Appendix109 raw XML fields

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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IRS4562/OtherDepreciationAmt0329711
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IRS4562/TotalDepreciationAmt0329711
IRS990T/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990T/BooksInCareOfDetail/PhoneNum02137454928
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt01933 S BROADWAY SUITE 1108
IRS990T/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
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IRS990TScheduleA/DepreciationClmElsewhereAmt0329711
IRS990TScheduleA/DepreciationNetAmt00
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IRS990TScheduleA/NetUnrelatedDebtFincdIncmAmt0-132712
IRS990TScheduleA/PrincipalBusinessActivityCd0531120
IRS990TScheduleA/RentIncomePropertyGrp/DeductionsConnectedRentIncmAmt00
IRS990TScheduleA/RentIncomePropertyGrp/RentPersonalPropertyAmt00
IRS990TScheduleA/RentIncomePropertyGrp/RentRealPersonalPropertyAmt00
IRS990TScheduleA/RentIncomePropertyGrp/TotalRentsByPropertyAmt00
IRS990TScheduleA/RentIncomePropertyGrp/USAddress/AddressLine1Txt02340 FIRESTONE BLVD
IRS990TScheduleA/RentIncomePropertyGrp/USAddress/CityNm0SOUTHGATE
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IRS990TScheduleA/TotalAllocableDeductionsAmt0278372
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IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalDeductionsAmt00
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDepreciationAmt0329711
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IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0-132712
IRS990TScheduleA/TotUnrltTrdBusIncmAmt0145660
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt0278372
IRS990TScheduleA/TradeOrBusinessDesc0COMMERCIAL RENTAL
IRS990TScheduleA/UBIBeforeNOLDedAmt0-132712
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-132712
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AllocableDeductionAmt0278372
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionAdjBasisPct00.24420
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionDebtAmt02884657
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAdjustedBasisAmt011814379
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeAmt0596480
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeReportableAmt0145660
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IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/PropertyDesc0COMMERCIAL RENTAL
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/StraightLineDepreciationDedAmt0329711
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/TotalDebtFinancedDeductionAmt01139934
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIComputedAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VERONICA MELVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02137454928
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA PROMISE FUND
ReturnHeader/Filer/BusinessNameControlTxt0LAPR
ReturnHeader/Filer/EIN0204562686
ReturnHeader/Filer/PhoneNum02137454928
ReturnHeader/Filer/USAddress/AddressLine1Txt01933 S BROADWAY SUITE 1108
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090007
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917303831
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L GRAY CPA
ReturnHeader/ReturnTs02023-05-12T15:04:34-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VERONICA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MELVIN
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
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
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
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
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