Civic Intelligence

La Times Foundation

990EZ • Fiscal year 2019 • EIN 82-1783389

Jun 01, 2018 to May 31, 2019 • Filed on Jul 14, 2020

9920 Jefferson BoulevardCulver City, CA 90232

(310) 883-1300

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-278%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-64%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $114,742 (-100%) from 2018

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$41,304

Down $73,438 (-64%) from 2018

Expenses

Up

$156,046

Up $156,046 from 2018

Net Income

Down

-$114,742

Down $229,484 (-200%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $114,742Liabilities 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $114,742Expenses 2018: $0Net Income 2018: $114,7422018Revenue 2019: $41,304Expenses 2019: $156,046Net Income 2019: -$114,7422019

Highlighted filing

2019

Revenue$41,304
Expenses$156,046
Net Income-$114,742
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jul 14, 2020
Return Version
2018v3.3
Gross Receipts
$41,304
Mission and Program Overview

Mission

The la times foundation is organized to support the philanthropic activities of newspaper subscribers in the communities served by the los angeles times, including but not limited to, making grants to public charities that provide year-round academic enrichment programs for students from low income families to improve their literacy skills and ability to read proficiently at a grade level. In addition, the organization will raise funds to support public charities that provide day and/or overnight camps with an educational component during the out-of-school summer months to help low income children curb summer learning loss. The organization also intends on supporting charitable organizations that address homelessness, hunger, and literacy issues. The organization is designed to be broad and flexible in its approach in order to best further its charitable purposes.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION SUPPORTS PHILANTHROPIC ACTIVITIES IN THE COMMUNITIES SERVED BY THE LOS ANGELES TIMES, INCLUDING, BUT NOT LIMITED TO, MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT ADDRESS HOMELESSNESS, HUNGER, EDUCATION AND LITERACY ISSUES.$136,156$136,156
THE HIGHSCHOOL INSIDER PROGRAM COVERS LOS ANGELES TIMES COSTS RELATING TO WRITING AND EDITING JACK SMITH FEATURE STORIES AND BOOK PRINTING.-$10,000
THE NEWSPAPER IN EDUCATION PROGRAM IS FOR PURPOSES OF CIRCULATING LOS ANGELES TIMES PUBLICATIONS TO STUDENTS AND TEACHERS.-$8,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES KENWORTHYDirector & President-$0--
JEFF CRAWFORDDirector & Treasurer-$0--
CHARLES KIMDirector & Secretary-$0--
PHIL YANGDirector-$0--
Filing and Contact Details

Filer

Filer Name
La Times Foundation
EIN
82-1783389
In Care Of
% LOS ANGELES TIMES
Phone
3108831300
Address
9920 JEFFERSON BOULEVARD, CULVER CITY, CA 90232

Signing Officer

Name
Jeff Crawford
Title
Director & Secretary
Phone
3108831300
Signed
2020-07-14
Discuss with paid preparer
Yes

Preparer

Firm
Holthouse Carlin & Van Trigt Llp
Address
355 S GRAND AVE STE 1710, LOS ANGELES, CA 90071
Preparer
Michael S Dreyer
Phone
2136838790
Raw XML Appendix184 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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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE LA TIMES FOUNDATION IS ORGANIZED TO SUPPORT THE PHILANTHROPIC ACTIVITIES OF NEWSPAPER SUBSCRIBERS IN THE COMMUNITIES SERVED BY THE LOS ANGELES TIMES, INCLUDING BUT NOT LIMITED TO, MAKING GRANTS TO PUBLIC CHARITIES THAT PROVIDE YEAR-ROUND ACADEMIC ENRICHMENT PROGRAMS FOR STUDENTS FROM LOW INCOME FAMILIES TO IMPROVE THEIR LITERACY SKILLS AND ABILITY TO READ PROFICIENTLY AT A GRADE LEVEL. IN ADDITION, THE ORGANIZATION WILL RAISE FUNDS TO SUPPORT PUBLIC CHARITIES THAT PROVIDE DAY AND/OR OVERNIGHT CAMPS WITH AN EDUCATIONAL COMPONENT DURING THE OUT-OF-SCHOOL SUMMER MONTHS TO HELP LOW INCOME CHILDREN CURB SUMMER LEARNING LOSS. THE ORGANIZATION ALSO INTENDS ON SUPPORTING CHARITABLE ORGANIZATIONS THAT ADDRESS HOMELESSNESS, HUNGER, AND LITERACY ISSUES. THE ORGANIZATION IS DESIGNED TO BE BROAD AND FLEXIBLE IN ITS APPROACH IN ORDER TO BEST FURTHER ITS CHARITABLE PURPOSES.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt18220
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt210000
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0221 S Figueroa St Suite 400
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR & SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03108831300
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA TIMES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0821783389
ReturnHeader/Filer/InCareOfNm0% LOS ANGELES TIMES
ReturnHeader/Filer/PhoneNum03108831300
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ReturnHeader/Filer/USAddress/CityNm0CULVER CITY
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ReturnHeader/PreparerPersonGrp/PhoneNum02136838790
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL S DREYER
ReturnHeader/ReturnTs02020-07-15T17:47:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-05-09
ReturnHeader/TaxYr02018

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Filings