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EIN 20-4562686

La Promise Fund

IRS 501(c) type
501(c)(3)
Num. employees
144
City
Los Angeles
State
California
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
B90: Educational Services
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
$13,745,998
2023
Total expenses
$15,302,635
2023
Total assets
$48,218,284
2023
Num. employees
144
2023

Program areas at La Promise Fund

Working through our charter schools and a portfolio of programs that reach studentsthroughout La county, La Promise Fund creates vibrant community hubs and partnerships thatfoster motivated, engaged and directed students poised for academic, professional andpersonal 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 $4,367,149

Personnel at La Promise Fund

NameTitleCompensation
Veronica MelvinChief Executive Officer and President$275,682
Liliana VasquezChief Operating Officer / Director of Operations$147,845
David SpitzChief Finance Officer$132,212
Carla YorkeChief Program Officer$140,273
Hugo SanchezDirector of Finance
...and 7 more key personnel

Financials for La Promise Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$14,799,573
Program services$0
Investment income and dividends$458,633
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-2,188,977
Net gain from sale of non-inventory assets$65,784
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$610,985
Total revenues$13,745,998

Form 990s for La Promise Fund

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-12990View PDF
2021-062022-05-02990View PDF
2020-062021-05-20990View PDF
2019-062021-02-09990View PDF
...and 9 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 6 new grant, including a grant for $247,500 from California Community Foundation
July 21, 2024
Updated personnel
Identified 3 new personnel
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Used new vendors
Identified 5 new vendors, including , , , , and
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $752,971 from Education Development Center (EDC)
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationHuman servicesChildren
Characteristics
Fundraising eventsReceives government fundingCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
132441
FTB Entity ID
2808574
AB 488 data last updated ("as-of") date
2024-10-16
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