EIN 20-4562686

La Promise Fund

IRS 501(c) type
501(c)(3)
Num. employees
132
Year formed
2005
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Through a robust school turnaround model, LA’s Promise partners with a cadre of schools committed to ensuring that students growing up in poverty receive an excellent education.
Also known as...
Mla Partner Schools; La's Promise
Total revenues
$15,071,176
2022
Total expenses
$13,954,124
2022
Total assets
$49,429,202
2022
Num. employees
132
2022

Program areas at La Promise Fund

Working through a network of high-performing, 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.

Grants made by La Promise Fund

GranteeGrant descriptionAmount
La Promise FundProgram Grants Under Nsi and CPC Programs Throughout Slate-Z$464,684

Who funds La Promise Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Service Station Foundation Foundation / K / A the Chernin Family FoundationFor Charitable Purposes$983,040
Education Development Center (EDC)Ed R & D$752,971
The Eli and Edythe Broad FoundationSkills - Investment To Equip Young People With Skills, Training, and Experiences To Thrive Personally and Professionally$650,000
...and 23 more grants received totalling $4,099,649

Personnel at La Promise Fund

NameTitleCompensation
Veronica MelvinChief Executive Officer and President$205,392
Liliana VasquezChief Operating Officer$111,508
Michelle CheangChief Program Officer$144,336
Ben AustinExecutive Director Kid Coalition$247,599
Gina LutcherPrincipal of Lapchs$103,653
...and 6 more key personnel

Financials for La Promise Fund

RevenuesFYE 06/2022
Total grants, contributions, etc.$14,621,128
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-543,454
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$993,502
Total revenues$15,071,176

Form 990s for La Promise Fund

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-05-02990View PDF
2020-062021-05-20990View PDF
2019-062021-02-09990View PDF
2018-062019-08-17990View PDF
...and 8 more Form 990s

Organizations like La Promise Fund

OrganizationLocationRevenue
Fulfillment FundLos Angeles, CA$6,532,887
Breakthrough MiamiMiami, FL$4,913,228
National Academy Foundation (NAF)New York, NY$13,558,397
Chicago ScholarsChicago, IL$7,151,418
The Peninsula Bridge ProgramSan Mateo, CA$5,519,379
Urban Arts Partnership (UAP)New York, NY$7,757,723
Mission GraduatesSan Francisco, CA$11,365,447
Girls Who CodeNew York, NY$27,137,820
Crosby Scholars Community PartnershipWinston Salem, NC$3,974,703
PeerForwardWashington, DC$6,077,996
Data update history
April 19, 2024
Updated personnel
Identified 1 new personnel
February 4, 2024
Received grants
Identified 9 new grant, including a grant for $650,000 from The Eli and Edythe Broad Foundation
October 22, 2023
Received grants
Identified 6 new grant, including a grant for $500,000 from Russell Westbrook Why Not Foundation
August 19, 2023
Received grants
Identified 28 new grant, including a grant for $983,040 from Service Station Foundation Foundation / K / A the Chernin Family Foundation
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationHuman servicesChildren
Characteristics
Receives government fundingCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
1933 S Broadway Suite 1108
Los Angeles, CA 90007
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
lapromisefund.org/ 
Phone
(213) 745-4928
Facebook page
LAFund 
Twitter profile
@lapromisefund 
IRS details
EIN
20-4562686
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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