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Nonprofiteer
← LA PROMISE FUND

Form 990 for tax year 2023

Filed by LA PROMISE FUND.

Totals

Total revenue
$19,518,864
Total expenses
$15,946,369
Contributions and grants received
$18,085,771
Grants paid
$516,763
Program services expenses (Part IX)
$12,400,230
Management and general expenses
$3,052,740
Fundraising expenses
$493,399
Program service expenses (Part III)
$12,400,230

Program services were 77.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANK MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JAIME UZETA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CATHY BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DANIELLE VICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • DEAN HALLETT

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • ALISON TEMPLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DONNEL BEVERLY

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    8

  • IVELISSE ESTRADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LEO MEDINA

    DIRECTOR (STARTED 6/20/24)

    Total calculated
    $0
    Hours/week
    4

  • FERNANDO FERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • PAUL DEBERNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ELIZABETH MANN

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • MEGAN CHERNIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KATHLEEN KENNEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BRIAN MCNAMEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STEPHEN PROUGH

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    8

  • AMIT VERMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ALI POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • RUSSELL WESTBROOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SIMON OSBORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PETER JAROWEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MELISSA STEPHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TANESHA DUNCAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MOLLY PARK

    DIRECTOR (STARTED 6/20/24)

    Total calculated
    $0
    Hours/week
    4

  • VERONICA MELVIN

    CEO/PRESIDENT

    Total calculated
    $308,380
    From this org
    $269,835
    From related orgs
    $0
    Other
    $38,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,535
    Bonus
    $300
    Other
    $0
    Deferred
    $9,771
    Nontaxable benefits
    $28,774
    Filer's total
    $308,380

  • EDGAR CAMPOS

    CHIEF ADVANCEMENT OFFICER (STARTER 3/25/24)

    Total calculated
    $0
    Hours/week
    40

  • RON FERNANDO

    CFO (STARTED 4/4/24)

    Total calculated
    $0
    Hours/week
    40

  • IBERT SCHULTZ

    EXEC DIR OF BLACK COLLEGE SUCCESS

    Total calculated
    $238,137
    From this org
    $210,960
    From related orgs
    $0
    Other
    $27,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,177
    Filer's total
    $238,137

  • LILIANA VASQUEZ

    COO

    Total calculated
    $168,260
    From this org
    $154,615
    From related orgs
    $0
    Other
    $13,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,065
    Bonus
    $550
    Other
    $0
    Deferred
    $6,287
    Nontaxable benefits
    $7,358
    Filer's total
    $168,260

  • LESLIE TRESUN

    DIRECTOR OF GRANTS MANAGEMENT

    Total calculated
    $117,907
    From this org
    $104,202
    From related orgs
    $0
    Other
    $13,705
    Hours/week
    40

  • DARLA VANCE

    PRINCIPAL

    Total calculated
    $131,920
    From this org
    $119,199
    From related orgs
    $0
    Other
    $12,721
    Hours/week
    40

  • ZEIDY REVOLORIO

    PRINCIPAL

    Total calculated
    $128,793
    From this org
    $120,423
    From related orgs
    $0
    Other
    $8,370
    Hours/week
    40

  • KYLE MILLER

    CHIEF STRATEGIC OFFICER (7/1/23-9/30/23)

    Total calculated
    $137,205
    From this org
    $122,838
    From related orgs
    $0
    Other
    $14,367
    Hours/week
    40

  • DONNA JACOBSON

    CHIEF ACADEMIC OFFICER (7/1/23-9/30/23)

    Total calculated
    $147,202
    From this org
    $133,619
    From related orgs
    $0
    Other
    $13,583
    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
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202540229349300139

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