Civic Intelligence

Alice G Harrison Memorial Trust

EIN 95-6074647 • 501(c)3 • Los Angeles, CA

Profile

The alice g. Harrison memorial trust is for the benefit of los angeles high school, a public high school. The trust only supplements some of the school activities from the income earned and investment income. There is an annual school budget for the expenses.

4650 West Olympic BlvdLos Angeles, CA 90019-1831

www.harrison-lahs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

5.8%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$27,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

27th percentile

-3.6%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,057,419

Down $39,608 (-3.6%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$1,057,419

Down $39,608 (-3.6%) from 2019

Revenue

Down

$94,487

Down $40,368 (-30%) from 2019

Expenses

Down

$89,008

Down $37,694 (-30%) from 2019

Net Income

Down

$5,479

Down $2,674 (-33%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $1,465,386Liabilities 2012: $16,863Net Assets 2012: $1,448,5232012Assets 2013: $1,214,223Liabilities 2013: $0Net Assets 2013: $1,214,2232013Assets 2014: $1,248,072Liabilities 2014: $5,537Net Assets 2014: $1,242,5352014Assets 2015: $1,090,547Liabilities 2015: $0Net Assets 2015: $1,090,5472015Assets 2016: $1,085,344Liabilities 2016: $40,778Net Assets 2016: $1,044,5662016Assets 2017: $1,096,549Liabilities 2017: $56,107Net Assets 2017: $1,040,4422017Assets 2018: $1,076,623Liabilities 2018: $0Net Assets 2018: $1,076,6232018Assets 2019: $1,097,027Liabilities 2019: $0Net Assets 2019: $1,097,0272019Assets 2020: $1,057,419Liabilities 2020: $0Net Assets 2020: $1,057,4192020

Highlighted filing

2020

Assets$1,057,419
Liabilities$0
Net Assets$1,057,419

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2012: $102,132Expenses 2012: $428,423Net Income 2012: -$326,2912012Revenue 2013: $101,927Expenses 2013: $336,227Net Income 2013: -$234,3002013Revenue 2014: $246,018Expenses 2014: $217,706Net Income 2014: $28,3122014Revenue 2015: $198,880Expenses 2015: $350,869Net Income 2015: -$151,9892015Revenue 2016: $95,396Expenses 2016: $141,377Net Income 2016: -$45,9812016Revenue 2017: $111,850Expenses 2017: $115,974Net Income 2017: -$4,1242017Revenue 2018: $156,529Expenses 2018: $160,518Net Income 2018: -$3,9892018Revenue 2019: $134,855Expenses 2019: $126,702Net Income 2019: $8,1532019Revenue 2020: $94,487Expenses 2020: $89,008Net Income 2020: $5,4792020

Highlighted filing

2020

Revenue$94,487
Expenses$89,008
Net Income$5,479

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jul 23, 2021
Return Version
2019v5.1
Gross Receipts
$316,353
Mission and Program Overview

Mission

The purpose of the trust is to create a continuing trust with the intent that the income generated plus portions of the corpus, are authorized to be used to provide educational opportunities and experiences to the students of Los Angeles High School. It is further intended that the funds be used at the sole discretion of the trustees.

The alice g. Harrison memorial trust is for the benefit of los angeles high school, a public high school. The trust only supplements some of the school activities from the income earned and investment income. There is an annual school budget for the expenses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,092,863$1,056,136▼ $36,727
Investments Other Securities$1,063,414$1,033,763▼ $29,651
Savings and Temporary Cash Investments$33,163$22,373▼ $10,790
Cash and Non-Interest-Bearing Accounts$450$1,283▲ $833
Rtn Earn Endowment Incm Other Fnds$4,164$1,283▼ $2,881
Total Assets$1,097,027$1,057,419▼ $39,608
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,097,027$1,057,419▼ $39,608
Total Liabilities and Net Assets / Fund Balance$1,097,027$1,057,419▼ $39,608

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$283,391--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ms Joyce KleifieldDirectordevelopment OfficerFT$27,000$27,000
Revenue and Support

Revenue Composition

Contributions and Grants
$26,841
Program Service Revenue
$0
Investment Income
$67,646
Other Revenue
$0
All Other Contributions
$10,020
Change in Net Assets
$5,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,056
Salaries, Compensation, and Employee Benefits$27,000
Other Expenses$7,952
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$53,556--$53,556
Current Officers, Directors, Trustees, and Key Employees-$27,000-$27,000
Fees for Services Accounting-$5,000-$5,000
Insurance-$1,276-$1,276
Other Expenses-$828-$828
Advertising-$500-$500
Grants to Domestic Individuals$500--$500
Total Functional Expenses$54,056$34,952$0$89,008
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Na----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Upon completion of the form 990 and schedules, the trustees are emailed the documents in advance of the next trustees meeting. The agenda for the meeting has a line item where the form 990 documents are reviewed and discussed.

Governing documents etc available to public Part VI line 19

The alice g. Harrison memorial trust was organized from the will of the deceased, ms. Alice g. Harrison. Ms. Harrison was an alumna from los angeles high school. Ms harrisons will left instructions to have her assets invested in such activities where the income be used for the sole purpose of supplementing the los angeles high school with the means to educational opportunities for the students, to the extent of the cash available from the investments, and if needed, from the principal balance available from the trust investments. Los angeles high school is supported by public and state taxes; the trust only supplements certain school activities which enriches the educational experiences of the students. A yearly budget is presented to the trustees for their approval. The trustees can adjust the approved budget according to needs arising during the school year. The by-laws do not have a policy dealing with conflict of interest since the intent of the trust is to provide funds for the benefit of the students of los angeles high school only.

Filing and Contact Details

Filer

Filer Name
Alice G Harrison Memorial Trust
EIN
95-6074647
Address
4650 WEST OLYMPIC BLVD, LOS ANGELES, CA 90019-1831

Signing Officer

Name
Joyce Kleifield
Title
Development Off
Phone
3239004506
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Formed
1959
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
JARRAR AND ASSOCIATES CPAs INC
Address
9440 Santa Monica Blvd Suite 310, Beverly Hills, CA 90210
Preparer
Kristen Yunker EA
Phone
3108871313
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION OF THE FORM 990 AND SCHEDULES, THE TRUSTEES ARE EMAILED THE DOCUMENTS IN ADVANCE OF THE NEXT TRUSTEES MEETING. THE AGENDA FOR THE MEETING HAS A LINE ITEM WHERE THE FORM 990 DOCUMENTS ARE REVIEWED AND DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ALICE G. HARRISON MEMORIAL TRUST WAS ORGANIZED FROM THE WILL OF THE DECEASED, MS. ALICE G. HARRISON. MS. HARRISON WAS AN ALUMNA FROM LOS ANGELES HIGH SCHOOL. MS HARRISONS WILL LEFT INSTRUCTIONS TO HAVE HER ASSETS INVESTED IN SUCH ACTIVITIES WHERE THE INCOME BE USED FOR THE SOLE PURPOSE OF SUPPLEMENTING THE LOS ANGELES HIGH SCHOOL WITH THE MEANS TO EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS, TO THE EXTENT OF THE CASH AVAILABLE FROM THE INVESTMENTS, AND IF NEEDED, FROM THE PRINCIPAL BALANCE AVAILABLE FROM THE TRUST INVESTMENTS. LOS ANGELES HIGH SCHOOL IS SUPPORTED BY PUBLIC AND STATE TAXES; THE TRUST ONLY SUPPLEMENTS CERTAIN SCHOOL ACTIVITIES WHICH ENRICHES THE EDUCATIONAL EXPERIENCES OF THE STUDENTS. A YEARLY BUDGET IS PRESENTED TO THE TRUSTEES FOR THEIR APPROVAL. THE TRUSTEES CAN ADJUST THE APPROVED BUDGET ACCORDING TO NEEDS ARISING DURING THE SCHOOL YEAR. THE BY-LAWS DO NOT HAVE A POLICY DEALING WITH CONFLICT OF INTEREST SINCE THE INTENT OF THE TRUST IS TO PROVIDE FUNDS FOR THE BENEFIT OF THE STUDENTS OF LOS ANGELES HIGH SCHOOL ONLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOYCE KLEIFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DEVELOPMENT OFF
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALICE G HARRISON MEMORIAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ALIC
ReturnHeader/Filer/EIN0956074647
ReturnHeader/Filer/USAddress/AddressLine1Txt04650 WEST OLYMPIC BLVD
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
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ReturnHeader/Filer/USAddress/ZIPCd0900191831
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273268491
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JARRAR AND ASSOCIATES CPAs INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09440 Santa Monica Blvd Suite 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Beverly Hills

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