Form 990 for tax year 2024
Filed by EAST LOS ANGELES COLLEGE FOUNDATION.
Totals
- Total revenue
- $2,294,242
- Total expenses
- $3,063,018
- Contributions and grants received
- $889,194
- Grants paid
- $681,345
- Program service revenue
- $892,727
- Investment income
- $512,321
- Other revenue
- $0
- Total assets, end of year
- $8,944,753
- Total liabilities, end of year
- $209,314
- Net assets or fund balances, end of year
- $8,735,439
- Program services expenses (Part IX)
- $2,355,860
- Management and general expenses
- $559,393
- Fundraising expenses
- $147,765
- Program service expenses (Part III)
- $2,355,860
Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$590,928
-
1f · All other contributions, gifts and grants
$298,266
-
1g · Noncash contributions included above
$455,982
-
2a · Program service revenue: COLLEGE CORP
total $466,669 · related or exempt $466,669
-
2b · Program service revenue: CAL SOAP-LA
total $337,171 · related or exempt $337,171
-
2c · Program service revenue: GEAR UP FOR LA
total $88,887 · related or exempt $88,887
-
3 · Investment income
total $354,598 · excluded $354,598
-
7a · Gross sales of assets other than inventory
securities $1,590,855
-
7b · Less cost or other basis and sales expenses
securities $1,433,132
-
7c · Gain or loss
securities $157,723
-
7d · Net gain or loss
total $157,723 · related or exempt $157,723
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $681,345 · program services $681,345
-
5 · Compensation of officers, directors and key employees
total $201,651 · program services $147,205 · management and general $54,446
-
7 · Other salaries and wages
total $1,164,465 · program services $850,059 · management and general $314,406
-
9 · Other employee benefits
total $233,795 · program services $167,033 · management and general $66,762
-
10 · Payroll taxes
total $74,515 · program services $54,396 · management and general $20,119
-
11c · Fees: accounting
total $44,718 · management and general $44,718
-
11g · Fees: other
total $13,714 · program services $7,459 · management and general $6,255
-
12 · Advertising and promotion
total $63,722 · fundraising $63,722
-
13 · Office expenses
total $103,054 · program services $102,555 · management and general $499
-
17 · Travel
total $11,301 · program services $11,301
-
19 · Conferences, conventions and meetings
total $35,631 · program services $13,988 · fundraising $21,643
-
22 · Depreciation, depletion and amortization
total $4,470 · management and general $4,470
-
23 · Insurance
total $8,275 · program services $8,275
-
24a · Other expenses: PROGRAM SUPPLIES AND EX
total $376,620 · program services $312,244 · management and general $1,976 · fundraising $62,400
-
24b · Other expenses: BANK FEES
total $34,116 · program services $0 · management and general $34,116 · fundraising $0
-
24c · Other expenses: BAD DEBT EXPENSE
total $11,626 · program services $0 · management and general $11,626 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,061,812 · end of year $1,863,868
-
3 · Pledges and grants receivable
beginning of year $190,300 · end of year $708,205
-
9 · Prepaid expenses and deferred charges
beginning of year $178,884 · end of year $2,341
-
10a · Land, buildings and equipment: cost or other basis
$95,099
-
10b · Land, buildings and equipment: accumulated depreciation
$95,099
-
10c · Land, buildings and equipment, net
beginning of year $2,653 · end of year $0
-
12 · Investments: other securities
beginning of year $5,528,528 · end of year $5,988,757
-
15 · Other assets
beginning of year $381,582 · end of year $381,582
-
17 · Accounts payable and accrued expenses
beginning of year $78,076 · end of year $78,076
-
25 · Other liabilities
beginning of year $71,211 · end of year $131,238
-
27 · Net assets without donor restrictions
beginning of year $2,665,195 · end of year $438,239
-
28 · Net assets with donor restrictions
beginning of year $5,529,277 · end of year $8,297,200
Mission and programs · 2024
Mission
TO PROMOTE AND ELEVATE THE COLLEGE IN FULFILLING ITS MISSION AND REACHING ITS GOALS THROUGH MARKETING AND ADVOCACY, COMMUNITY AND INDUSTRY CONNECTIONS AND FINANCIAL SUPPORT.
-
THE CALIFORNIA STUDENT OPPORTUNITY AND ACCESS PROGRAM (CAL-SOAP)WAS ESTABLISHED BY THE STATE LEGISLATURE IN 1978. TODAY, CAL-SOAP IS INSTRUMENTAL IN IMPROVING THE FLOW OF INFORMATION ABOUT POSTSECONDARY EDUCATION AND FINANCIAL AID WHILE RAISING THE ACHIEVEMENT LEVELES OF LOW-INCOME, ELEMENTARY AND SECONDARY SCHOOL STUDENTS OR GEOGRAPHIC REGIONS WITH DOCUMENTED LOW-ELIGIBILITY OR COLLEGE PARTICIPATION RATES, AND WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE.
Expenses $895,227 · Grants $258,911 · Revenue $389,745
-
SCHOLARSHIPS - THE FOUNDATION ADMINISTERS SCHOLARSHIPS FUNDED BY DONATIONS FROM FOUNDATIONS, INDIVIDUALS AND GOVERNMENT PROGRAMS.
Expenses $1,225,047 · Grants $354,299 · Revenue $519,243
-
LAUSD GEAR UP CONTRACT: TO INCREASE THE NUMBER OF LOW-INCOME STUDENTS WHO ARE PREPARED TO ENTER AND SUCCEED IN POST SECONDARY EDUCATION. THE PROGRAM PROVIDES SERVICES IN HIGH POVERTY MIDDLE AND HIGH SCHOOLS THROUGH THE FIRST YEAR OF COLLEGE
Expenses $235,586 · Grants $68,135 · Revenue $141,462
As filed on the 2024 return.
Listed in Part VII
-
Paul ChangPAUL CHANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hon Luis AyalaHON LUIS AYALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Luis PlascenciaLUIS PLASCENCIA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sandy HoSANDY HO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken MaxeyKEN MAXEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel MonaresGABRIEL MONARES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jessica AlvarengaJESSICA ALVARENGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pricilla LizarragaPRICILLA LIZARRAGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kassandra SanchezKASSANDRA SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tina HwangTINA HWANG
PRESIDENT EMIRITUS
- Total calculated
- $0
- Hours/week
- 2
-
Marissa Castro SalvatiMARISSA CASTRO SALVATI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Christian Contreras EsqCHRISTIAN CONTRERAS ESQ
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Arnoldo Jaquez JrARNOLDO JAQUEZ JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Reyna ValadezREYNA VALADEZ
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dr Monte PerezDR MONTE PEREZ
INTERIM PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brian BarretoBRIAN BARRETO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Grace CastilloDR GRACE CASTILLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa DemirciMELISSA DEMIRCI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Yesenia MonsourYESENIA MONSOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susanne PassantinoSUSANNE PASSANTINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eli RaffeldELI RAFFELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Armond AghakhanianARMOND AGHAKHANIAN
EXECUTIVE DIRECTOR
- Total calculated
- $299,464
- From this org
- $201,650
- From related orgs
- $0
- Other
- $97,814
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,650
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $97,814
- Filer's total
- $299,464
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611359349312726
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