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Nonprofiteer
← LOS ANGELES ALLIANCE FOR A NEW ECONOMY

Form 990 for tax year 2023

Filed by LOS ANGELES ALLIANCE FOR A NEW ECONOMY.

Totals

Total revenue
$3,687,556
Total expenses
$4,493,464
Contributions and grants received
$3,538,373
Grants paid
$94,339
Program service revenue
$120,987
Investment income
$28,196
Other revenue
$0
Total assets, end of year
$9,442,676
Total liabilities, end of year
$3,840,286
Net assets or fund balances, end of year
$5,602,390
Program services expenses (Part IX)
$3,602,320
Management and general expenses
$411,980
Fundraising expenses
$479,164
Program service expenses (Part III)
$3,602,320

Program services were 80.2% 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.

  • 1c · Fundraising events

    $958,772

  • 1e · Government grants (contributions)

    $2,579,601

  • 2a · Program service revenue: PROGRAM FEES

    total $120,987 · related or exempt $120,987

  • 3 · Investment income

    total $28,196 · excluded $28,196

  • 8a · Fundraising events: gross income

    $370,961

  • 8a · Fundraising events: contributions included on line 1c

    $958,772

  • 8b · Fundraising events: direct expenses

    $370,961

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,339 · program services $94,339

  • 5 · Compensation of officers, directors and key employees

    total $305,694 · program services $250,720 · management and general $26,289 · fundraising $28,685

  • 6 · Compensation of disqualified persons

    total $2,655,554 · program services $2,194,570 · management and general $196,908 · fundraising $264,076

  • 8 · Pension plan contributions

    total $110,615 · program services $88,318 · management and general $13,780 · fundraising $8,517

  • 9 · Other employee benefits

    total $374,654 · program services $299,135 · management and general $46,673 · fundraising $28,846

  • 10 · Payroll taxes

    total $215,302 · program services $182,207 · management and general $13,267 · fundraising $19,828

  • 11b · Fees: legal

    total $31,456 · program services $19,263 · management and general $3,887 · fundraising $8,306

  • 11c · Fees: accounting

    total $37,639 · program services $23,049 · management and general $4,652 · fundraising $9,938

  • 11d · Fees: lobbying

    total $37,245 · program services $37,245

  • 11f · Fees: investment management

    total $53 · management and general $53

  • 11g · Fees: other

    total $243,985 · program services $134,974 · management and general $34,755 · fundraising $74,256

  • 13 · Office expenses

    total $117,775 · program services $58,902 · management and general $42,675 · fundraising $16,198

  • 14 · Information technology

    total $19,502 · program services $19,502

  • 16 · Occupancy

    total $77,357 · program services $59,649 · management and general $13,269 · fundraising $4,439

  • 17 · Travel

    total $52,055 · program services $49,391 · management and general $13 · fundraising $2,651

  • 19 · Conferences, conventions and meetings

    total $32,755 · program services $27,905 · management and general $4,429 · fundraising $421

  • 23 · Insurance

    total $15,869 · program services $14,258 · management and general $537 · fundraising $1,074

  • 24a · Other expenses: RESEARCH MATERIALS & PU

    total $19,863 · program services $19,863

  • 24b · Other expenses: INTERNET SERVICES

    total $16,720 · program services $16,720

  • 24c · Other expenses: DIRECTORS COACHING AND

    total $12,473 · program services $11,775 · fundraising $698

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $11,006 · fundraising $11,006

  • 24e · All other expenses

    total $11,553 · program services $535 · management and general $10,793 · fundraising $225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,647,463 · end of year $2,220,488

  • 2 · Savings and temporary cash investments

    beginning of year $5,544,001 · end of year $5,970,933

  • 3 · Pledges and grants receivable

    beginning of year $1,173,087 · end of year $1,106,956

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,842 · end of year $68,380

  • 10a · Land, buildings and equipment: cost or other basis

    $45,317

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,317

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $11,646 · end of year $15,292

  • 15 · Other assets

    beginning of year $21,304 · end of year $60,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $209,679 · end of year $312,262

  • 18 · Grants payable

    beginning of year $14,509 · end of year $14,509

  • 25 · Other liabilities

    beginning of year $2,888,336 · end of year $3,513,515

  • 27 · Net assets without donor restrictions

    beginning of year $2,668,121 · end of year $2,512,491

  • 28 · Net assets with donor restrictions

    beginning of year $3,736,698 · end of year $3,089,899

Mission and programs · 2023

Mission

TO IMPROVE THE SKILLS, WAGES, AND WORKING CONDITIONS OF WORKERS IN THE TOURISM INDUSTRY AND TO ASSURE THAT THE BENEFITS OF TOURISM CONTRIBUTE EQUITABLY TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF ALL COMMUNITIES IN THE GREATER LOS ANGELES AREA. THE COUNCIL WILL PAY PARTICULAR ATTENTION TO IMMIGRANT WORKERS, WHO COMPRISE MOST OF THOSE EMPLOYED IN THE HOTELS, AMUSEMENT PARKS, RESTAURANTS, RETAIL, AND OTHER SERVICE SECTORS ASSOCIATED WITH TRAVEL AND TOURISM.

Activities or mission (Part I)

LOS ANGELES ALLIANCE FOR A NEW ECONOMY (LAANE) IS A LEADING ADVOCACY ORGANIZATION DEDICATED TO BUILDING A NEW ECONOMY FOR ALL. COMBINING DYNAMIC RESEARCH, INNOVATIVE PUBLIC POLICY, AND THE ORGANIZING OF BROAD ALLIANCES, LAANE PROMOTES A NEW ECONOMIC APPROACH BASED ON GOOD JOBS, THRIVING COMMUNITIES, AND A HEALTHY ENVIRONMENT.

  • SEE SCHEDULE O

    Expenses $3,602,320 · Grants $94,339 · Revenue $120,987

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN GRANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KURT PETERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KENT WONG

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PETER DREIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NEIDI DOMINGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • EDDIE INY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA STRATHMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TONIA URANGA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MANUEL PASTOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID PETTIT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANGELICA SALAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DANNY TABOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MANNY VALENZUELA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE VON SLOMSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHAWN MCCLOUD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GLORIA MEDINA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CECILIA ESTOLANO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEREK SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHY FINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PETER PALANDJIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROXANA TYNAN

    EXECUTIVE DIRECTOR

    Total calculated
    $169,251
    From this org
    $129,699
    From related orgs
    $0
    Other
    $39,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,699
    Bonus
    $0
    Other
    $0
    Deferred
    $6,638
    Nontaxable benefits
    $32,914
    Filer's total
    $169,251

  • YOMARA ARRIVILLAGA

    FINANCE DIRECTOR

    Total calculated
    $136,445
    From this org
    $108,333
    From related orgs
    $0
    Other
    $28,112
    Hours/week
    40

  • ARELIA VALDIIVIA

    PROJECT DIRECTOR

    Total calculated
    $154,095
    From this org
    $130,000
    From related orgs
    $0
    Other
    $24,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,417
    Nontaxable benefits
    $18,678
    Filer's total
    $154,095

  • JAMES ELMENDORF

    POLICY DIRECTOR

    Total calculated
    $138,458
    From this org
    $120,046
    From related orgs
    $0
    Other
    $18,412
    Hours/week
    40

  • GINA PALENCAR

    DEVELOPMENT DIRECTOR

    Total calculated
    $133,018
    From this org
    $105,833
    From related orgs
    $0
    Other
    $27,185
    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, 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

  • WORKING PARTNERSHIP USA

    $75,000

    TO WORK WITH ORGANIZERS IN THE FIELD TO UNDERSTAND AND DEVELOP THEORIES OF CHANGE FOR MORE TANGIBLE GAINS ON BEHALF OF WORKERS

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349325293

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