LA Promise Fund

Education organization based in Los Angeles, CA. 144 employees. Exempt under §501(c)(3).

MissionTO IMPROVE ACADEMIC ACHIEVEMENT AS WELL AS COLLEGE AND CAREER ACCESS AND SUCCESS FORSTUDENTS IN THE RUSSELL WESTBROOK WHY NOT? ACADEMY, SLATE-Z, AND BEYOND.

EIN
20-4562686
State
CA
Sector
Education
Budget band
$10M–$25M
Latest filing
TY 2023
Records
8 officers · 5 years

Financial snapshot · TY 2023

$19.5M
Total revenue
$15.9M
Total expenses
$49.9M
Net assets

Financial health · TY 2023

37
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
23
4.1 months of expenses
Program efficiency
69
77.8% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Veronica Melvin
CEO/PRESIDENT
$308,380
81th percentile vs. peers
Ibert Schultz
EXEC DIR OF BLACK COLLEGE SUCCESS
$238,137
81th percentile vs. peers
$168,260
58th percentile vs. peers
Donna Jacobson
CHIEF ACADEMIC OFFICER (7/1/23-9/30/23)
$147,202
44th percentile vs. peers
Kyle Miller
CHIEF STRATEGIC OFFICER (7/1/23-9/30/23)
$137,205
44th percentile vs. peers

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LA Promise Fund Executive Compensation | 990 Data | DoubleNine