2026-05-15T17:22:12-05:00 2025-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-07-01 204562686 LA PROMISE FUND LAPR 2137454928 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 VERONICA MELVIN CEO/PRESIDENT 2137454928 2026-05-15 1 1 KIM HUNWARDSEN CPA P00484560 6122536500 2026-05-13 2024 2025-03-06 01:10:19Z VERONICA MELVIN 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 30538326 0 X WWW.LAPROMISEFUND.ORG X 2005 CA PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER AND LIFE. 22 22 149 95 0 0 18085771 17387180 0 2248123 875668 202630 557425 500 19518864 19838433 516763 816530 0 0 9473134 10654757 0 0 548719 5956472 10473373 15946369 21944660 3572495 -2106227 49943711 45833746 40383188 38367455 9560523 7466291 TO PROVIDE STUDENTS WITH ACADEMIC AND ENRICHMENT OPPORTUNITIES THAT SPARK PASSION, EMPOWER LEADERSHIP, AND PREPARE THEM FOR THEIR CHOSEN COLLEGE AND CAREER PATHS. 0 0 12343398 816530 561720 WORKING THROUGH OUR CHARTER SCHOOLS AND A PORTFOLIO OF PROGRAMS THAT REACH STUDENTS THROUGHOUT LA COUNTY, LA PROMISE FUND CREATES VIBRANT COMMUNITY HUBS AND PARTNERSHIPS THAT FOSTER MOTIVATED, ENGAGED AND DIRECTED STUDENTS POISED FOR ACADEMIC, PROFESSIONAL AND PERSONAL SUCCESS. THE PUBLIC SCHOOL RUSSELL WESTBROOK WHY NOT? HIGH SCHOOL IS OPERATED BY LA PROMISE FUND AND SERVES STUDENTS IN GRADES SIXTH THROUGH TWELVE. 3228545 1590709 BUILDING COLLEGE SUCCESS (BCS) IS A SOUTH LA-FOCUSED INITIATIVE THAT PARTNERS WITH SELECT COLLEGES AND UNIVERSITIES TO CREATE PATHWAYS FOR COLLEGE SUCCESS, ENABLING MORE STUDENTS FROM 11 SOUTH LA HIGH SCHOOLS TO ATTEND AND GRADUATE FROM 4-YEAR COLLEGES. 959518 95694 ARTSMATTER DELIVERS IMPACTFUL ARTS EDUCATION PROGRAMS TO LOS ANGELES SCHOOLS BY EQUIPPING TEACHERS WITH RESOURCES TO INTEGRATE MEDIA ARTS INTO THEIR CLASSROOMS. BY EXPANDING STUDENT ACCESS TO ART AND TECHNOLOGY, ARTSMATTER PROGRAMS ENHANCE STUDENT ENGAGEMENT AND FOSTER CREATIVE THINKING, TECHNICAL SKILLS, AND CAREER READINESS IN LA'S CREATIVE ECONOMY. 16531461 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 99 0 1 149 1 0 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 CRAIG MCINTOSH 3103941152 1990 SOUTH BUNDY DR SUITE 410 LOS ANGELES CA 90025 DONNELL BEVERLY CO CHAIR 8.00 X X 0 0 0 STEPHEN PROUGH CO CHAIR 8.00 X X 0 0 0 ELIZABETH MANN SECRETARY 8.00 X X 0 0 0 DEAN HALLETT TREASURER (UNTIL MAR '25) 8.00 X X 0 0 0 SIMON OSBORN CO CHAIR 8.00 X X 0 0 0 MEGAN CHERNIN DIRECTOR 4.00 X 0 0 0 MELISSA STEPHENS DIRECTOR 4.00 X 0 0 0 RUSSELL WESTBROOK DIRECTOR 4.00 X 0 0 0 AMIT VERMA DIRECTOR 4.00 X 0 0 0 TANESHA DUNCAN DIRECTOR 4.00 X 0 0 0 BRIAN MCNAMEE DIRECTOR 4.00 X 0 0 0 PAUL DEBERNIER DIRECTOR 4.00 X 0 0 0 IVELISSE ESTRADA DIRECTOR 4.00 X 0 0 0 PETER JAROWEY DIRECTOR 4.00 X 0 0 0 DANIELLE VICK DIRECTOR 8.00 X 0 0 0 KATHLEEN KENNEDY DIRECTOR 4.00 X 0 0 0 FERNANDO FERNANDEZ DIRECTOR 8.00 X 0 0 0 ALISON TEMPLE DIRECTOR 4.00 X 0 0 0 JAIME UZETA DIRECTOR 4.00 X 0 0 0 ALI POWELL DIRECTOR 4.00 X 0 0 0 MOLLY PARK DIRECTOR 4.00 X 0 0 0 LEO MEDINA DIRECTOR 4.00 X 0 0 0 VANESSA ROSALES DIRECTOR (FROM SEP '24) 4.00 X 0 0 0 VERONICA MELVIN CEO/PRESIDENT 40.00 X 278392 0 40897 RON FERNANDO CFO 40.00 X 113907 0 9467 LILIANA VASQUEZ COO 40.00 X 161272 0 21670 JASON MARIN CHIEF OF SCHOOLS 40.00 X 58248 0 5490 LESLIE AARONSON CHIEF PROGRAMS OFFICER 40.00 X 142284 0 27466 IBERT SCHULTZ EXEC DIRECTOR OF BLACK COLLEGE SUCCESS 40.00 X 217252 0 28799 EDGAR CAMPOS CHIEF ADVANCEMENT OFFICER 40.00 X 114557 0 16337 DARLA VANCE PRINCIPAL 40.00 X 134060 0 14881 ZEIDY REVOLORIO PRINCIPAL 40.00 X 134063 0 10146 NARINE PAPAZYAN ASSISTANT PRINCIPAL 40.00 X 110831 0 10810 CAMIRA CARTER SR. DIRECTOR OF PEOPLE & OPERATIONS 40.00 X 111482 0 17699 1576348 0 203662 16 0 1 0 DEL AMO CONSTRUCTION 19191 SOUTH VERMONT AVENUE SUITE 95 TORRANCE CA 90502 CONSTRUCTION SERVICES 1450661 RUANO JOSE A 4183 LA SALLE AVENUE LOS ANGELES CA 90062 LANDSCAPING 449700 COMMERCIAL PAVING AND COATING 4617 BRAZIL STREET LOS ANGELES CA 90039 PAVING AND SEALING 415455 LUCKY RIDE 609 HOWARD AVE 213 MONTEBELLO CA 90640 STUDENT TRANSPORTATION 209350 ROADWAY CONSTRUCTION SERVICES 900 S MAPLE AVE MONTEBELLO CA 90640 CONSTRUCTION SERVICES 172885 16 9496069 7891111 17387180 LOCAL REVENUE 611710 2248123 2248123 2248123 120523 120523 500 0 500 500 500 10782000 10699893 82107 82107 82107 19838433 2248123 0 203130 X 816530 816530 1259121 934135 324986 7801906 7268055 101623 432228 120024 120024 774944 714463 13806 46675 698762 633619 31784 33359 21443 21443 3950 3950 3075513 1760079 1315434 52335 52335 1006417 740290 266127 74049 74049 748382 549446 191321 7615 83965 83757 208 1296977 1296977 993171 672227 320944 247518 247518 FIELD TRIPS & PUPIL TRA 1244694 1244694 INSTRUCTIONAL MATERIALS 197656 197656 NON-CAPITAL OUTLAY 145816 123692 22124 DISTRICT OVERSIGHT FEE 58068 58068 1223419 672794 521783 28842 21944660 16531461 4864480 548719 18636753 6705316 4202657 1790696 5272224 141900 108528 35429348 2867612 25041710 32561736 1011340 129995 174602 49943711 45833746 1640582 935643 16429 34753174 34638697 2091570 781277 1897862 1995409 40383188 38367455 X 5434650 4341549 4125873 3124742 9560523 7466291 49943711 45833746 -2106227 11995 0 X 0 1 X 1 0 X 12932286 16191269 14873123 18723731 17387180 80107589 12932286 16191269 14873123 18723731 17387180 80107589 9014810 71092779 875668 120523 996191 -252218 -252218 80851562 0.87930 0.99170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23755648 2166070 21589578 7004337 215394 6788943 1535155 486148 1049007 3134208 3134208 32561736 CA SCHOOL FINANCE AUTHORITY LOAN 1852000 OPERATING LEASE LIABILITY 143409 1995409 X 21343450 11995 1493022 1505017 19838433 0 19838433 23437682 1493022 1493022 21944660 0 21944660 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: INTRA-ENTITY TRANSFER 1,493,022. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTRA-ENTITY TRANSFER 1,493,022. 1 EDUCATIONAL SCHOLARSHIPS 658 816530 PART I, LINE 2: WHEN NOTIFYING A STUDENT THEY ARE THE 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 1 1 X X X 0 0 0 0 0 0 0 0 0 VERONICA MELVIN CEO/PRESIDENT 278092 0 300 0 0 0 10069 0 30839 0 319300 0 0 0 IBERT SCHULTZ EXEC DIRECTOR OF BLACK COLLEGE SUCCE 217252 0 0 0 0 0 0 0 28810 0 246062 0 0 0 LILIANA VASQUEZ COO 160773 0 499 0 0 0 6532 0 15149 0 182953 0 0 0 LESLIE AARONSON CHIEF PROGRAMS OFFICER 141684 0 600 0 0 0 5983 0 21494 0 169761 0 0 0 PART I, LINE 1A AS A HEALTH AND WELLNESS BENEFIT, ALL LAPF EMPLOYEES HAVE ACCESS TO HEALTH CLUBS AND OTHER SERVICES LIMITED TO $50/M. IT WAS INCLUDED IN TAXABLE INCOME. KEY EMPLOYEES THAT USED THIS BENEFIT TOWARDS HEALTH CLUB MEMBERSHIPS WERE: CAMIRA CARTER, EDGAR CAMPOS, RON FERNANDO, AND LESLIE AARONSON. A CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TPA2 2021-12-14 35060258 FINANCE THE COSTS OF ACQUISITION AND IMPROVEMENT OF SCHOOL FACILITIES 0 0 0 A 35060258 651763 34408495 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART II $23,925 WAS EARNED ON THE BOND PROCEEDS DURING THE CONSTRUCTION PHASE FORM 990, PART V, LINE 3B N/A FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF TWO OR MORE DIRECTORS AND IS CREATED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER OF GENERAL SUPERVISION, MANAGEMENT, AND CONTROL OF THE BUSINESS OF THE CORPORATION AND OVER ITS OFFICERS. THE EXECUTIVE COMMITTEE MAY EXERCISE THE POWERS OF THE BOARD IN MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION. 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. THE BOARD OF DIRECTORS ALSO APPROVE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER STUDENT INSTRUCTIONAL SERVICES: PROGRAM SERVICE EXPENSES 36,560. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,560. PD CONSULTANTS & TUITION: PROGRAM SERVICE EXPENSES 230,590. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,590. ALL OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 754,746. MANAGEMENT AND GENERAL EXPENSES 1,315,434. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,070,180. SPECIAL EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 536,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 536,290. CONTRACTED SUBSTITUTE TEACHERS: PROGRAM SERVICE EXPENSES 201,893. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 201,893. LA PROMISE FUND FACILITY LLC 1933 S BROADWAY SUITE 1108 LOS ANGELES CA 90007 PROPERTY HOLDING LLC CA 1728167 45909426 LA PROMISE FUND