2024-05-14T18:37:16-05:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 204562686 LA PROMISE FUND LAPR 2137454928 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 VERONICA MELVIN CEO/PRESIDENT 2137454928 2024-05-14 1 VERONICA MELVIN 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VERONICA MELVIN 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 17376029 0 X WWW.LAPROMISEFUND.ORG X 2005 CA 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. 22 22 144 150 -2188977 0 14621128 14799573 0 0 0 524417 450048 -1577992 15071176 13745998 609484 911844 0 0 7887404 8948135 0 0 380618 5457236 5442656 13954124 15302635 1117052 -1556637 49429202 48218284 41884537 42230256 7544665 5988028 TO IMPROVE ACADEMIC ACHIEVEMENT AS WELL AS COLLEGE AND CAREER ACCESS AND SUCCESS FORSTUDENTS IN THE RUSSELL WESTBROOK WHY NOT? ACADEMY, SLATE-Z, AND BEYOND. 0 0 12714208 911844 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. 12714208 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 144 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 2137454928 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 MEGAN CHERNIN CO-CHAIR 4.00 X X 0 0 0 STEPHEN PROUGH CO-CHAIR 8.00 X X 0 0 0 ALI POWELL DIRECTOR 4.00 X 0 0 0 CATHY BENDER DIRECTOR 4.00 X 0 0 0 DONNELL BEVERLY DIRECTOR 4.00 X 0 0 0 TANESHA DUNCAN DIRECTOR 4.00 X 0 0 0 KATHLEEN KENNEDY DIRECTOR 4.00 X 0 0 0 RUSSELL WESTBROOK DIRECTOR 4.00 X 0 0 0 PAUL DE BERNIER DIRECTOR 4.00 X 0 0 0 AMIT VERMA DIRECTOR 4.00 X 0 0 0 ELIZABETH MANN SECRETARY 8.00 X X 0 0 0 FRANK MARSHALL DIRECTOR 4.00 X 0 0 0 BRIAN MCNAMEE DIRECTOR 4.00 X 0 0 0 SIMON OSBORN DIRECTOR 4.00 X 0 0 0 ALISON TEMPLE DIRECTOR 4.00 X 0 0 0 DANIELLE VICK DIRECTOR 8.00 X 0 0 0 FERNANDO FERNANDEZ DIRECTOR 4.00 X 0 0 0 JAIME UZETA DIRECTOR 4.00 X 0 0 0 IVELISSE ESTRADA DIRECTOR 4.00 X 0 0 0 DEAN HALLETT TREASURER 4.00 X X 0 0 0 MELISSA STEPHENS DIRECTOR 4.00 X 0 0 0 PETER JAROWEY DIRECTOR 4.00 X 0 0 0 VERONICA MELVIN CEO/PRESIDENT 40.00 X 275682 0 26828 DAVID SPITZ CHIEF FINANCE OFFICER 40.00 X 132212 0 11689 KYLE MILLER CSO (JANUARY TO SEPTEMBER 2023) 40.00 X 153303 0 14205 DONNA JACOBSON DIRECTOR OF SCHOOLS(JANUARY TO SEPTEMBER 2023) 40.00 X 150130 0 16258 LILIANA VASQUEZ COO 40.00 X 147845 0 12915 MICHELLE CHEANG CHIEF PROGRAM OFFICER (JANUARY TO 5/19/2023) 40.00 X 156869 0 12799 CARLA YORKE CHIEF PROGRAM OFFICER (JANUARY TO SEPTEMBER 2023) 40.00 X 140273 0 7670 1156314 0 102364 11 0 1 0 JFAK ARCHITECTURE 1461 E 4TH STREET LOS ANGELES CA 90033 ARCHITECTUAL PLANNING 232128 PRIMESTOR DEVELOPMENT LLC 9950 JEFFERSON BLVD BUILDING 2 CULVER CITY CA 90232 DEVELOPENT MANAGEMENT 228000 ROW EDUCATIONAL SERVICES 5911 ALLSTON STREET LOS ANGELES CA 90022 EDUCATIONAL SERVICES 140749 KAMELA TATE ASSOCIATES LLC 5437 CORTEEN PLACE UNIT 207 VALLEY VILLAGE CA 91607 RESEARCH, EVALUATION, TRAINING AND FUND 114250 CROSS COUNTRY EDUCATION 21820 BURBANK BLVD STE 310 WOODLAND HILLS CA 91367 EDUCATIONAL SERVICES 114095 5 5092313 9707260 14799573 458633 458633 1037898 3226875 -2188977 -2188977 -2188977 395390 329606 65784 65784 65784 73550 73550 0 OTHER INCOME 900099 610985 610985 610985 13745998 610985 -2188977 524417 911844 911844 422397 422397 7156612 6281983 571280 303349 126416 101300 19958 5158 649292 541917 80829 26546 593418 492033 75356 26029 1496365 927948 563870 4547 213253 174204 37077 1972 229971 142947 83466 3558 1327219 1197882 129337 15212 13681 484 1047 43870 40614 3002 254 47182 33352 13830 191170 142248 48922 SCHOOL EXPENSES 1176993 1176993 TRANSPORTATION 400203 400203 FOOD AND CATERING 142917 76149 65221 1547 DUES AND SUBCRIPTONS 58365 15790 38154 4421 99936 43120 54626 2190 15302635 12714208 2207809 380618 21499236 22137482 2104298 911478 1645772 1196756 164927 168899 25171025 1535269 23962028 23635756 52941 167913 49429202 48218284 1660066 1750899 1037865 2129733 34615880 34684527 588993 1693744 3981733 1971353 41884537 42230256 X 6022290 5354261 1522375 633767 7544665 5988028 49429202 48218284 -1556637 0 X 0 1 X 1 0 X 9264330 11950432 12932286 16191269 14873123 65211440 9264330 11950432 12932286 16191269 14873123 65211440 65211440 456 456 65211896 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24446109 938408 23507701 724916 596861 128055 23635756 CA SCHOOL FINANCE AUHTORITY LOAN 1852000 OPERATING LEASE LIABILITY 119353 1971353 X 17201484 155061 3300425 3455486 13745998 0 13745998 18758121 155061 3300425 3455486 15302635 0 15302635 PART X, LINE 2: MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 3,226,875. SPECIAL EVENT EXPENSE 73,550. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 3,226,875. SPECIAL EVENT EXPENSE 73,550. GIRLS BUILD SUMMIT 73550 73550 1950 71600 73550 73550 1950 71600 73550 0 1 EDUCATIONAL SCHOLARSHIPS 365 911844 PART I, LINE 2: WHEN NOTIFYING A STUDENT THAT THEY ARE RECEPIENT OF A SCHOLARSHIP, THEY ARE PROVIDED WITH A LETTER EXPLAINING THE ELIGIBLE EXPENSES THAT CAN BE USED AGAINST THE SCHOLARSHIP. IN ADDITION, PRIOR TO RELEASING SCHOLARSHIP FUNDS THE STUDENT MUST PROVIDE PROOF OF ENROLLMENT. THE DONOR AND MENTORS WHO PROVIDE THE DONATIONS TO BE USED AS SCHOLARSHIPS, THEN FOLLOW UP WITH THE RECEIPIENT TO CHECK IN ON THEIR STATUS AS A STUDENT. X X X 0 0 0 0 0 0 0 0 0 VERONICA MELVIN CEO/PRESIDENT 275682 0 0 0 0 0 8818 0 18010 0 302510 0 0 0 MICHELLE CHEANG CHIEF PROGRAM OFFICER (JANUARY TO 5/ 156869 0 0 0 0 0 6265 0 6534 0 169668 0 0 0 KYLE MILLER CSO (JANUARY TO SEPTEMBER 2023) 153303 0 0 0 0 0 0 0 14205 0 167508 0 0 0 DONNA JACOBSON DIRECTOR OF SCHOOLS(JANUARY TO SEPTE 150130 0 0 0 0 0 6087 0 10171 0 166388 0 0 0 LILIANA VASQUEZ COO 147845 0 0 0 0 0 6002 0 6913 0 160760 0 0 0 A CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TPA2 2021-12-14 35060258 0 0 0 A 35060258 651763 34408495 0 0 0 1 A 1 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SENIOR LEADERSHIP AND THEN PRESENTED TO THE FINANCE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL QUESTIONAIRES ARE COMPLETED BY EACH BOARD MEMBER. THE COMPLIANCE OFFICER, CEO, AND COO MONITOR THE COMPLIANCE OF THE CONFLICT OF INTEREST POLICY. IF A CONFLICT SHOULD ARISE THE EXECUTIVE COMMITTEE WILL MEET TO ADDRESS AND RESOLVE THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SET THE COMPENSATION, ON AN ANNUAL BASIS, OF THE CEO BASED ON PERFORMANCE, COMPARABLE DATA OF SIMILAR ORGANIZATIONS AND THE FINANCIAL STATUS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. LA PROMISE FUND FACILITY LLC 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 PROPERTY HOLDING LLC CA 1467315 36993390