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← LL FOUNDATION FOR YOUTH

Form 990 for tax year 2022

Filed by LL FOUNDATION FOR YOUTH.

Totals

Total revenue
$711,686
Total expenses
$4,927,959
Contributions and grants received
$0
Grants paid
$4,205,000
Program service revenue
$0
Investment income
$711,686
Other revenue
$0
Total assets, end of year
$50,248,987
Total liabilities, end of year
$1,010,000
Net assets or fund balances, end of year
$49,238,987
Program services expenses (Part IX)
$4,402,389
Management and general expenses
$525,570
Fundraising expenses
$0
Program service expenses (Part III)
$4,402,389

Program services were 89.3% 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.

  • 3 · Investment income

    total $1,200,619 · excluded $1,200,619

  • 7a · Gross sales of assets other than inventory

    securities $17,907,669

  • 7b · Less cost or other basis and sales expenses

    securities $18,396,602

  • 7c · Gain or loss

    securities -$488,933

  • 7d · Net gain or loss

    total -$488,933 · excluded -$488,933

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,205,000 · program services $4,205,000

  • 5 · Compensation of officers, directors and key employees

    total $82,500 · program services $61,875 · management and general $20,625

  • 10 · Payroll taxes

    total $6,556 · program services $4,917 · management and general $1,639

  • 11b · Fees: legal

    total $4,520 · management and general $4,520

  • 11c · Fees: accounting

    total $38,445 · management and general $38,445

  • 11f · Fees: investment management

    total $428,455 · management and general $428,455

  • 11g · Fees: other

    total $133,652 · program services $130,597 · management and general $3,055

  • 13 · Office expenses

    total $2,455 · management and general $2,455

  • 23 · Insurance

    total $16,857 · management and general $16,857

  • 24a · Other expenses: FOREIGN TAXES

    total $8,954 · management and general $8,954

  • 24b · Other expenses: PAYROLL FEES

    total $540 · management and general $540

  • 24c · Other expenses: STATE TAX

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,641,416 · end of year $870,452

  • 11 · Investments: publicly traded securities

    beginning of year $60,606,133 · end of year $49,378,535

  • 18 · Grants payable

    end of year $1,010,000

  • 27 · Net assets without donor restrictions

    beginning of year $62,247,549 · end of year $49,238,987

Mission and programs · 2022

Mission

THE FOUNDATION WAS ESTABLISHED FOR MULTIPLE PUBLIC, EDUCATIONAL AND CHARITABLE PURPOSES, INCLUDING PROVIDING ONGOING FINANCIAL SUPPORT FOR A VARIETY OF ESTABLISHED NONPROFIT, TAX-EXEMPT PUBLIC, CHARITABLE AND EDUCATIONAL ORGANIZATIONS. THE FOUNDATION WILL EMPHASIZE AND AWARD GRANTS TO CHARITIES THAT PROVIDE OR PROMOTE EDUCATION, MEDICINE, SCIENCE, CHILDCARE OR THE PROMOTION OF HEALTH AND WELL-BEING OF PERSONS PRIMARILY UNDER THE AGE OF 26. THE FOUNDATION MAY ALSO PROVIDE A LIMITED NUMBER OF SCHOLARSHIPS TO THE CHILDREN OF LOW INCOME FAMILIES WHO LACK THE FINANCIAL MEANS TO PAY FOR THEIR EDUCATION, TO ENABLE THEM TO ATTEND A PRIVATE PRIMARY OR SECONDARY SCHOOL, OR RECEIVE A HIGHER EDUCATION AT A COLLEGE, UNIVERSITY OR TRADE SCHOOL OF THEIR CHOICE.

Activities or mission (Part I)

THE FOUNDATION WILL AWARD GRANTS TO CHARITIES THAT PROMOTE EDUCATION, MEDICINE, SCIENCE AND CHILDCARE FOR HEALTH AND WELL BEING.

  • THE TRANSITION FROM YOUTH TO ADULTHOOD IS CHALLENGING FOR YOUNG ADULTS AND FOR THOSE WITH FEWER ADVANTAGES AND LIMITED RESOURCES, IT CAN BE PARTICULARLY DIFFICULT. OUR GRANTS ARE GEARED TOWARDS PROGRAMS AND PROJECTS THAT SUPPORT YOUNG PEOPLE AGES 13-26 WHO NEED EXTRA SUPPORT IN ORDER TO MEET THEIR MEDICAL, EDUCATIONAL OR OTHER NEEDS AND TO ACHIEVE THEIR DREAMS. WE SEEK TO PARTNER WITH NONPROFITS THAT HELP YOUTH WITH THE ABOVE AND TO FEEL "SEEN, HEARD AND UNDERSTOOD."

    Expenses $4,402,389 · Grants $4,205,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Renate S Hochleitner

    PRESIDENT

    Total calculated
    $82,500
    From this org
    $82,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Sarina Kaye

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Charanjiv K Sidhu

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tamar Ekizian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meredith Flanaghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dianne Satterlee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • CEDARS SINAI MEDICAL CARE FOUNDATION

    $250,000

    CEDARS-SINAI EVALUATED NEW METHODS TO DETECT KIDNEY TRANSPLANT REJECTION IN PEDIATRIC PATIENTS AT AN EARLIER STAGE, WHICH HELPED TO PRESERVE KIDNEY FUNCTION, EXTEND THE LIFE OF A TRANSPLANTED KIDNEY, DECREASE MORBIDITY AND MORTALITY, AND PROVIDE A BETTER QUALITY OF LIFE FOR YOUNG PATIENTS.

  • CHILDREN'S HOSPITAL LOS ANGELES

    $250,000

    CHILDREN'S HOSPITAL OF LOS ANGELES EXPANDED BEHAVIORAL HEALTH, SUPPORTEDCRITICAL RESEARCH, AND EXPANDED ACCESS TO GENDER AFFIRMING CARE FOR BIPOC ADOLESCENTS AND YOUNG ADULTS.

  • CITY OF HOPE - CANCER

    $250,000

    CITY OF HOPE CREATED A YOUNG ADULT PATIENT NAVIGATOR PROGRAM. THE PROGRAM UTILIZED AN AYA PATIENT NAVIGATOR TO ADDRESS THE PSYCHOSOCIAL NEEDS OF ADOLESCENTS AND YOUNG ADULTS (AYAS) WITH CANCER THROUGH COUNSELING, ADVOCACY AND PROVISION OF SUPPORTIVE RESOURCES.

  • CAMP TAWONGA

    $225,000

    CAMP TAWONGA WAS ABLE TO SUPPORT HUNDREDS OF TEENS OF JEWISH FAITH WHOSE FAMILIES ARE UNABLE TO AFFORD FULL CAMP FEES. THESE TEENS AND YOUNG ADULTS WERE GIVEN THE TOOLS TO NAVIGATE MENTAL HEALTH ISSUES, FIND THEIR FOOTING AND BECOME THEIR BEST SELVES.

  • LOST ANGELS

    $225,000

    LOST ANGELS CHILDREN'S PROJECT, INC. UTILIZED A MULTI-YEAR GRANT TO FACILITATE THEIR 12-WEEK VOCATIONAL TRAINING PROGRAM AND TO PROVIDE FINANCIAL ASSISTANCE WITH LIFE NECESSITIES.

  • CHILDHOOD LEUKEMIA FOUNDATION

    $150,000

    CHILDHOOD LEUKEMIA FOUNDATION STARTED AN ENDOWMENT AND CONTINUED THEIR KEEPING KIDS CONNECTED IPAD PROGRAM WHICH HAS DISTRIBUTED IPADS SINCE 2011 TO EDUCATE, EMPOWER AND ELEVATE THE SPIRITS OF PEDIATRIC ONCOLOGY PATIENTS.

  • NOTRE DAME - SCHOLARSHIPS

    $150,000

    NOTRE DAME HIGH SCHOOL WAS ABLE TO HIRE A LEARNING SPECIALIST WHO COORDINATED ALL OF THE SUPPORT SERVICES AND ACCOMMODATIONS FOR STUDENTS WITH LEARNING DIFFERENCES.

  • ALS ASSOCIATION GOLDEN WEST CHAPTER

    $100,000

    THE ALS ASSOCIATION GOLDEN WEST CHAPTER ESTABLISHED THE L.L. FOUNDATION FOR YOUTH FUND. THIS FUND SUPPORTED YOUTH AGES 13 TO 26 IN CALIFORNIA WHOSE LOVED ONES HAVE OR HAVE HAD ALS.

  • CHALLENGED ATHLETES FOUNDATION

    $100,000

    CHALLENGED ATHLETES FOUNDATION DISTRIBUTED GRANTS TO YOUNG ADULT ATHLETES BETWEEN THE AGES OF 13-26 LIVING IN SOUTHERN CALIFORNIA. THESE GRANTS PROVIDED ADAPTIVE SPORTS EQUIPMENT, SPORTS PROSTHESES AND EXPENSES FOR COACHING, TRAINING, SPORTS CLINICS AND COMPETITION TRAVEL FOR YOUTH WITH PERMANENT PHYSICAL DISABILITIES.

  • COLBURN SCHOOL

    $100,000

    COLBURN SCHOOL FACILITATED THE HERBERT ZIPPER SCHOLARS PROGRAM OFFERING HIGHLY MOTIVATED STUDENTS FROM LOW-INCOME FAMILIES THE OPPORTUNITY TO ENROLL, TUITIONFREE, IN A COMPREHENSIVE MUSIC EDUCATION AT THE COLBURN SCHOOL, ONE OF THE NATIONS PREMIER ARTS ORGANIZATIONS.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202303009349300745

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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