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Nonprofiteer
← LA PROMISE FUND

Form 990 for tax year 2022

Filed by LA PROMISE FUND.

Totals

Total revenue
$13,745,998
Total expenses
$15,302,635
Contributions and grants received
$14,799,573
Grants paid
$911,844
Program services expenses (Part IX)
$12,714,208
Management and general expenses
$2,207,809
Fundraising expenses
$380,618
Program service expenses (Part III)
$12,714,208

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MEGAN CHERNIN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    4
  • STEPHEN PROUGH

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    8
  • ALI POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • CATHY BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • DONNELL BEVERLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • TANESHA DUNCAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • KATHLEEN KENNEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • RUSSELL WESTBROOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • PAUL DE BERNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • AMIT VERMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • ELIZABETH MANN

    SECRETARY

    Total calculated
    $0
    Hours/week
    8
  • FRANK MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • BRIAN MCNAMEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • SIMON OSBORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • ALISON TEMPLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • DANIELLE VICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • FERNANDO FERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • JAIME UZETA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • IVELISSE ESTRADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • DEAN HALLETT

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • MELISSA STEPHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • PETER JAROWEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • VERONICA MELVIN

    CEO/PRESIDENT

    Total calculated
    $302,510
    From this org
    $275,682
    From related orgs
    $0
    Other
    $26,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,682
    Bonus
    $0
    Other
    $0
    Deferred
    $8,818
    Nontaxable benefits
    $18,010
    Filer's total
    $302,510
  • DAVID SPITZ

    CHIEF FINANCE OFFICER

    Total calculated
    $143,901
    From this org
    $132,212
    From related orgs
    $0
    Other
    $11,689
    Hours/week
    40
  • KYLE MILLER

    CSO (JANUARY TO SEPTEMBER 2023)

    Total calculated
    $167,508
    From this org
    $153,303
    From related orgs
    $0
    Other
    $14,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,303
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,205
    Filer's total
    $167,508
  • DONNA JACOBSON

    DIRECTOR OF SCHOOLS(JANUARY TO SEPTEMBER 2023)

    Total calculated
    $166,388
    From this org
    $150,130
    From related orgs
    $0
    Other
    $16,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,130
    Bonus
    $0
    Other
    $0
    Deferred
    $6,087
    Nontaxable benefits
    $10,171
    Filer's total
    $166,388
  • LILIANA VASQUEZ

    COO

    Total calculated
    $160,760
    From this org
    $147,845
    From related orgs
    $0
    Other
    $12,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,845
    Bonus
    $0
    Other
    $0
    Deferred
    $6,002
    Nontaxable benefits
    $6,913
    Filer's total
    $160,760
  • MICHELLE CHEANG

    CHIEF PROGRAM OFFICER (JANUARY TO 5/19/2023)

    Total calculated
    $169,668
    From this org
    $156,869
    From related orgs
    $0
    Other
    $12,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,869
    Bonus
    $0
    Other
    $0
    Deferred
    $6,265
    Nontaxable benefits
    $6,534
    Filer's total
    $169,668
  • CARLA YORKE

    CHIEF PROGRAM OFFICER (JANUARY TO SEPTEMBER 2023)

    Total calculated
    $147,943
    From this org
    $140,273
    From related orgs
    $0
    Other
    $7,670
    Hours/week
    40

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 — 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349313263

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