Totals
- Total revenue
- $4,854,386
- Total expenses
- $1,338,703
- Contributions and grants received
- $235,555
- Grants paid
- $0
- Program service revenue
- $4,618,757
- Investment income
- $74
- Other revenue
- $0
- Total assets, end of year
- $4,041,620
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,041,620
- Program services expenses (Part IX)
- $1,019,544
- Management and general expenses
- $122,918
- Fundraising expenses
- $196,241
- Program service expenses (Part III)
- $1,019,544
Program services were 76.2% 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.
-
1f · All other contributions, gifts and grants
$235,555
-
2a · Program service revenue: NIL PROGRAM
total $3,641,000 · unrelated business $0 · excluded $0
-
2b · Program service revenue: LOW INCOME HOUSING
total $957,557 · unrelated business $0 · excluded $0
-
2c · Program service revenue: SCHOLARSHIP
total $200 · unrelated business $0 · excluded $0
-
2d · Program service revenue: MY NEXT CHAPTER
total $20,000 · unrelated business $0 · excluded $0
-
3 · Investment income
total $74 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $7,500 · program services $0 · management and general $7,500 · fundraising $0
-
11e · Fees: professional fundraising services
total $196,241 · fundraising $196,241
-
13 · Office expenses
total $32,102 · program services $0 · management and general $32,102 · fundraising $0
-
17 · Travel
total $600 · program services $0 · management and general $600 · fundraising $0
-
24a · Other expenses: SCHOLARSHIP PROGRAM
total $29,000 · program services $29,000 · management and general $0 · fundraising $0
-
24b · Other expenses: VOCATIONAL & EDUCATIONAL PROGRAM
total $44,000 · program services $44,000 · management and general $0 · fundraising $0
-
24c · Other expenses: LOW INCOME HOUSING PROGRAM
total $761,544 · program services $761,544 · management and general $0 · fundraising $0
-
24d · Other expenses: NIL PROGRAM
total $185,000 · program services $185,000 · management and general $0 · fundraising $0
-
24e · All other expenses
total $82,716 · program services $0 · management and general $82,716 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $424,897 · end of year $3,813,654
-
2 · Savings and temporary cash investments
beginning of year $1,040 · end of year $127,966
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $100,000 · end of year $100,000
-
23 · Secured mortgages and notes payable
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $525,937 · end of year $890,620
-
28 · Net assets with donor restrictions
end of year $3,151,000
Mission and programs · 2024
Mission
PROVIDE EDUCATIONAL TRAINING AND PROGRAMS TO UNDERSERVED AND DISENGAGED YOUNG ADULTS IN ORDER TO EQUIP THEM WITH SKILLS AND KNOWLEDGE
-
A SECOND CHANCE-SCHOLARSHIP PROGRAM TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR YOUNG ADULTS GREW TO INCLUDE ADDITIONAL RECIPIENTS WHO QUALIFIED TO RECEIVE FINANCIAL SUPPORT INCLUDING TUITION, FEES, AND HOUSING
Expenses $29,000 · Revenue $200
-
MY NEXT CHAPTER-IS AN EDUCATIONAL AND VOCATIONAL TRAINING PROGRAM THAT PROVIDES FINANCIAL SUPPORT FOR FORMER FOSTER YOUTH AND YOUNG ADULTS AGES 18 TO 32 WHO ARE TRANSITIONING INTO ADULTHOOD AND SEEKING A MARKETABLE SKILL OR HIGHER EDUCATION IN ORDER TO SECURE EMPLOYMENT AND FINANCIAL STABILITY.
Expenses $44,000 · Revenue $20,000
-
LOW INCOME HOUSING PROGRAM - PROVIDE HOMEOWNERSHIP OPPORTUNITIES TO LOW INCOME INDIVIDUALS
Expenses $761,544 · Revenue $957,557
-
BRUINS FOR LIFE NIL PROGRAM-RAISE FUNDS DESIGNED TO SUPPORT UCLA FOOTBALL ATHELETES IN CULTIVATING AND SECURING NAME, IMAGE, AND LIKENESS OPPORTUNITIES TO HELP ADVANCE THEIR PROFESSIONAL AND PERSONAL DEVELOPMENT
Expenses $185,000 · Revenue $3,641,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James Washington JrJAMES WASHINGTON JR
CEO
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 March 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531229349302128
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