NonprofitsLa Promise Fund

Education

La Promise Fund

LOS ANGELES, CA

Total revenue

$19.5M

Total expenses

$15.9M

Net assets

$9.6M

Grants received

$22.6M

146 grants

EIN

204562686

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$18.1M
Program service revenue
Investment income$876K
Other revenue$557K
Total revenue$19.5M

Expenses

Grants paid$517K
Salaries & benefits$9.5M
Fundraising$493K
Other expenses$6.0M
Total expenses$15.9M
Total assets$49.9M
Net assets$9.6M

People

34 listed

NameRoleCompensation

VERONICA MELVIN

CEO/PRESIDENT

Board

$270K

40 hrs/wk

LEO MEDINA

DIRECTOR (STARTED 6/20/24)

Board

4 hrs/wk

FERNANDO FERNANDEZ

DIRECTOR

Board

8 hrs/wk

PAUL DEBERNIER

DIRECTOR

Board

4 hrs/wk

ELIZABETH MANN

SECRETARY

Board

8 hrs/wk

MEGAN CHERNIN

DIRECTOR

Board

4 hrs/wk

KATHLEEN KENNEDY

DIRECTOR

Board

4 hrs/wk

BRIAN MCNAMEE

DIRECTOR

Board

4 hrs/wk

STEPHEN PROUGH

CO-CHAIR

Board

8 hrs/wk

AMIT VERMA

DIRECTOR

Board

4 hrs/wk

FRANK MARSHALL

DIRECTOR

Board

4 hrs/wk

RUSSELL WESTBROOK

DIRECTOR

Board

4 hrs/wk

SIMON OSBORN

DIRECTOR

Board

4 hrs/wk

PETER JAROWEY

DIRECTOR

Board

4 hrs/wk

MELISSA STEPHENS

DIRECTOR

Board

4 hrs/wk

TANESHA DUNCAN

DIRECTOR

Board

4 hrs/wk

MOLLY PARK

DIRECTOR (STARTED 6/20/24)

Board

4 hrs/wk

EDGAR CAMPOS

CHIEF ADVANCEMENT OFFICER (STARTER 3/25/24)

Board

40 hrs/wk

RON FERNANDO

CFO (STARTED 4/4/24)

Board

40 hrs/wk

ALI POWELL

DIRECTOR

Board

4 hrs/wk

JAIME UZETA

DIRECTOR

Board

4 hrs/wk

CATHY BENDER

DIRECTOR

Board

4 hrs/wk

DANIELLE VICK

DIRECTOR

Board

8 hrs/wk

DEAN HALLETT

TREASURER

Board

4 hrs/wk

ALISON TEMPLE

DIRECTOR

Board

4 hrs/wk

DONNEL BEVERLY

CO-CHAIR

Board

8 hrs/wk

IVELISSE ESTRADA

DIRECTOR

Board

4 hrs/wk

IBERT SCHULTZ

EXEC DIR OF BLACK COLLEGE SUCCESS

Staff

$211K

40 hrs/wk

LILIANA VASQUEZ

COO

Staff

$155K

40 hrs/wk

DONNA JACOBSON

CHIEF ACADEMIC OFFICER (7/1/23-9/30/23)

Staff

$134K

40 hrs/wk

KYLE MILLER

CHIEF STRATEGIC OFFICER (7/1/23-9/30/23)

Staff

$123K

40 hrs/wk

ZEIDY REVOLORIO

PRINCIPAL

Staff

$120K

40 hrs/wk

DARLA VANCE

PRINCIPAL

Staff

$119K

40 hrs/wk

LESLIE TRESUN

DIRECTOR OF GRANTS MANAGEMENT

Staff

$104K

40 hrs/wk

Independent contractors

DEL AMO CONSTRUCTION

CONSTRUCTION SERVICES

$5.3M

JFAK ARCHITECTURE

ARCHITECTUAL PLANNING

$213K

EXED

EDUCATIONAL ACCOUNTING SERVICES

$190K

REA COMMERCIAL SECURITY

SECURITY SERVICES

$182K

PRIMESTOR DEVEOPMENT LLC

DEVELOPENT MANAGEMENT

$137K

Grants received

Showing 146 of 146

FromAmountPurposeYear
$1.6M
FOR CHARITABLE PURPOSES
2024
$555K
COMMUNITY & HUMAN SERVICES
2024
$500K
TO CONSTRUCT A PERMANENT CAMPUS AND EXPAND ENROLLMENT
2024
$500K
SKILLS - INVESTMENT TO EQUIP YOUNG PEOPLE WITH SKILLS, TRAINING, AND EXPERIENCES TO THRIVE PERSONALLY AND PROFESSIONALLY
2024
$150K
OPERATING SUPPORT
2024
$100K
EDUCATIONAL
2024
$35K
TO IMPROVE EDUCATIONAL OUTCOMES FOR LAUSD STUDENTS
2024
$33K
SCHOOL PROGRAM GRANT
2024
$30K
GENERAL OPERATING SUPPORT
2024
$25K
Program Support
2024
$25K
Girlsbuild Summit Hellofuture
2024
$20K
PROGRAM SUPPORT
2024
$5K
GENERAL SUPPORT
2024
$5K
SUPPORT FOR THE GIRLSBUILD SUMMIT HELLOFUTURE
2024
$3K
Support culinary arts program
2024
$947K
FOR CHARITABLE PURPOSES
2023
$675K
SKILLS - INVESTMENT TO EQUIP YOUNG PEOPLE WITH SKILLS, TRAINING, AND EXPERIENCES TO THRIVE PERSONALLY AND PROFESSIONALLY
2023
$460K
COMMUNITY & HUMAN SERVICES
2023
$100K
General & Unrestricted
2023
$100K
FOR GENERAL SUPPORT OF EDUCATION AND ENRICHMENT PROGRAMS
2023
$100K
OPERATING SUPPORT
2023
$50K
ASSIST THOSE IN NEED
2023
$50K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$50K
YOUTH SPORTS
2023
$40K
NONPROFIT SUSTAINABILITY
2023
$25K
EDUCATION
2023
$25K
annual fund
2023
$20K
GPSN HIGH SCHOOL INTERNSHIP PILOT PARTNER AGREEMENT
2023
$10K
CHARITABLE DONATION
2023
$10K
ORGANIZATION'S CHARITABLE PURPOSE
2023
$10K
Girlsbuild Summit
2023
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$3K
General operating support
2023
$72
GENERAL OPERATING SUPPORT
2023
$983K
FOR CHARITABLE PURPOSES
2022
$650K
SKILLS - INVESTMENT TO EQUIP YOUNG PEOPLE WITH SKILLS, TRAINING, AND EXPERIENCES TO THRIVE PERSONALLY AND PROFESSIONALLY
2022
$198K
K-12 EDUCATION
2022
$96K
ASSIST THOSE IN NEED
2022
$60K
TRUSTEE -ARTS AND EDUCATIONAL PROGRAM
2022
$50K
OPERATING SUPPORT
2022
$35K
CHILDHOOD HUNGER PROGRAMS
2022
$35K
CHILDHOOD HUNGER PROGRAMS
2022
$25K
2022 GIRLS BUILD SUMMIT
2022
$25K
EDUCATION
2022
$25K
Annual Fund
2022
$25K
FOR SPONSORSHIP OF GIRLSBUILD INITIATIVE 2022
2022
$72
GENERAL OPERATING SUPPORT
2022
$1.4M
FOR CHARITABLE PURPOSES
2021
$120K
FOR GENERAL SUPPORT OF EDUCATION AND ENRICHMENT PROGRAMS
2021
$60K
OPERATING SUPPORT
2021
$60K
TRUSTEE -ARTS AND EDUCATIONAL PROGRAM
2021
$50K
ORGANIZATION'S CHARITABLE PURPOSE
2021
$40K
CHILDHOOD HUNGER PROGRAMS
2021
$40K
CHILDHOOD HUNGER PROGRAMS
2021
$35K
To support Black College Success Initiative
2021
$25K
Education
2021
$25K
Annual Fund
2021
$16K
UNRESTRICTED
2021
$15K
For grant recipient's exempt purposes
2021
$15K
For grant recipient's exempt purposes
2021
$10K
Digital access for students and their families
2021
$1K
SEE PART IX-A FOR DETAIL
2021
$1.1M
K-12 EDUCATION
2020
$755K
FOR CHARITABLE PURPOSES
2020
$217K
PANDEMIC RELIEF EFFORTS
2020
$155K
ASSIST THOSE IN NEED
2020
$140K
GENERAL SUPPORT
2020
$100K
FOR GENERAL SUPPORT OF EDUCATION AND ENRICHMENT PROGRAMS
2020
$98K
Unrestricted
2020
$83K
CHILDHOOD HUNGER PROGRAMS
2020
$75K
OPERATING SUPPORT
2020
$60K
TRUSTEE-ARTS AND EDUCATIONAL PROGRAM
2020
$50K
UNRESTRICTED SUPPORT
2020
$50K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2020
$25K
Annual Fund
2020
$25K
Education
2020
$23K
Culinary Art ProgramsGeneral operating support
2020
$20K
Kids Coalition program
2020
$20K
General operating support
2020
$19K
CONNECT COMMUNITY RESOURCES WITH SCHOOLS
2020
$17K
FRESH PRODUCE DONATION
2020
$13K
General Support
2020
$12K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$11K
For grant recipient's exempt purposes
2020
$10K
EDUCATION - GENERAL OPERATING SUPPORT
2020
$9K
OPERATIONS
2020
$5K
ORGANIZATION'S CHARITABLE PURPOSE
2020
$5K
GENERAL OPERATING SUPPORT TO HELP SUSTAIN CORE OPERATIONS
2020
$3K
COVID-19 RELIEF EFFORTS
2020
$251K
FOR CHARITABLE PURPOSES
2019
$220K
COMMUNITY & HUMAN SERVICES
2019
$85K
Disaster Response
2019
$60K
Trustee-Arts and Educational Program
2019
$50K
EDUCATION
2019
$30K
ORGANIZATION'S CHARITABLE PURPOSE
2019
$25K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2019
$22K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2019
$13K
TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS.
2019
$10K
CHILDHOOD HUNGER PROGRAMS
2019
$338K
EDUCATIONAL EQUITY
2018
$150K
FOR GENERAL SUPPORT TO IMPROVE STUDENT SUCCESS IN SOUTH LOS ANGELES
2018
$115K
Unrestricted
2018
$50K
OPERATING SUPPORT
2018
$30K
Education
2018
$29K
ORGANIZATION'S CHARITABLE PURPOSE
2018
$29K
ORGANIZATION'S CHARITABLE PURPOSE
2018
$20K
CHILDHOOD HUNGER PROGRAMS
2018
$15K
For grant recipient's exempt purposes
2018
$5K
GENERAL SUPPORT
2018
$3K
CHARITABLE DONATION
2018
$60K
Trustee-Arts and Educational Program
2017
$30K
Education
2017
$21K
SCHOOL BREAKFAST PROGRAM SUPPORT
2017
$15K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$22.6M from 56 funders · 146 grants · 2017–2024

Service Station Foundation

$5.9M · 6 grants · 2019–2024

Education Development Center Inc

$3.7M · 6 grants · 2019–2023

Russell Westbrook Why Not Foundation Inc

$2.8M · 4 grants · 2021–2024

The Eli And Edythe Broad Foundation

$1.8M · 4 grants · 2020–2024

Gs Donor Advised Philanthropy Fund

$1.6M · 4 grants · 2018–2024

Gates Foundation

$1.3M · 2 grants · 2020–2022

California Community Foundation

$708K · 5 grants · 2017–2023

Wm Keck Foundation

$500K · 1 grant · 2024

Details

EIN204562686
NTEE codeB82
Subsection03
Ruling date2006-06
Formed2005
Employees144
Volunteers90
LA PROMISE FUND — Mission, Financials & Grants Received | Grantivo