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Education : Youth Education Programs and Services

LA Promise Fund

Empowering students. Strengthening families. Building communities.

three stars

88.62

202 West 1st Street Suite 160
Los Angeles, CA 90012
tel: (213) 745-4928   Web Site
EIN: 20-4562686

Board Leadership
Megan Chernin and Stephen Prough
Co-Chairs

CEO
Veronica Melvin
President/CEO

  Score
(out of 100)
Rating
Overall Score & Rating 88.62 three stars
  Financial 83.91 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.

PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. Working through a network of high-performing, community-based schools, both traditional public and charter, as well as a portfolio of programs that reach students throughout the County, our organization creates vibrant community hubs and partnerships that foster motivated, engaged, and directed students poised for academic, professional, and personal success. LA Promise Fund is a unique hybrid, operating John Muir Middle School, Manual Arts Senior High School, West Adams Preparatory High School, LA's Promise Charter Middle School #1, and LA's Promise Charter High School #1, while also implementing high profile programs and engagement opportunities available to students and teachers across Los Angeles County.

PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. Working through a network of high-performing, community-based schools, both traditional public and charter, as well as a portfolio of programs that reach students throughout the County, our organization creates vibrant community hubs and partnerships that foster motivated, engaged, and directed students poised for academic, professional, and personal success. LA Promise Fund is a unique hybrid, operating John Muir Middle School, Manual Arts Senior High School, West Adams Preparatory High School, LA's Promise Charter Middle School #1, and LA's Promise Charter High School #1, while also implementing high profile programs and engagement opportunities available to students and teachers across Los Angeles County.

Financial

three stars

83.91

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.2%
  Administrative Expenses 9.6%
  Fundraising Expenses 9.1%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 0.92
  Program Expenses Growth -2.4%
  Liabilities to Assets 14.8%
All data for Financial Performance Metrics calculations was provided by LA Promise Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by LA Promise Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
LA Promise Fund (CA) 88.62 three stars
Pando Initiative (KS) 87.56 three stars
The SEED Foundation (DC) 89.48 three stars
Junior Achievement of Wisconsin (WI) 87.46 three stars
School on Wheels (CA) 95.47 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,991,333
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,991,333
   Program Service Revenue $0
Total Primary Revenue $2,991,333
   Other Revenue $680,721
TOTAL REVENUE $3,672,054
   
EXPENSES  
   Program Expenses $2,598,730
   Administrative Expenses $207,403
   Fundraising Expenses $228,378
TOTAL FUNCTIONAL EXPENSES $3,034,511
   
Payments to Affiliates $0
Excess (or Deficit) for the year $637,543
   
Net Assets $2,721,886

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Wrap Around Services $1,324,458 51.0%
Teachers & Leaders Innovative Education $908,809 35.0%
Operations $365,463 14.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 02/01/2018 88.62 three stars
2016-06 12/22/2017 88.27 three stars
2015-06 12/21/2016 82.86 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-4562686
Name in IRS Master File LA PROMISE FUND
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 2006
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$193,020 6.36% Veronica Melvin President

Highly Rated

Charity Name & State Overall Score Overall Rating
LA Promise Fund (CA) 88.62 three stars
Junior Achievement of Greater St. Louis (MO) 90.87 four stars
Bible in the Schools (TN) 87.10 three stars
Junior Achievement of Dallas (TX) 85.87 three stars
School on Wheels (CA) 95.47 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

LA Promise Fund
202 West 1st Street
Suite 160
Los Angeles, CA 90012
tel: (213) 745-4928
EIN: 20-4562686

Visit Web Site

Board Leadership

Megan Chernin and Stephen Prough
Co-Chairs

CEO

Veronica Melvin
President/CEO

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