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La Promise Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204562686 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is La Promise Fund?

The La Promise Fund is a nonprofit organization based in Los Angeles, California, specifically at 1933 S Broadway Suite 1108. Their mission revolves around preparing students in Los Angeles County for success in college, career, and life. They achieve this through a network of high-performing, community-based schools and a range of programs. The La Promise Fund builds vibrant community hubs and partnerships, nurturing motivated, engaged, and focused students, poised for academic, professional, and personal triumph. With a team of 132 employees, they are dedicated to transforming students' lives by working in collaboration with local schools and implementing a portfolio of high-impact programs.


Official website here: www.lapromisefund.org

Is La Promise Fund legitimate?

La Promise Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Promise Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $289,147
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,470,305

For more financial information, click here


Official website here: www.lapromisefund.org

What is the mission statement of La Promise Fund?

The La Promise Fund is committed to helping students in Los Angeles succeed in their academic, professional, and personal lives. They achieve this goal by collaborating with high-performing community-based schools and offering a range of impactful programs. Through these efforts, the La Promise Fund fosters motivated, engaged, and focused students, setting them up for future success. The organization creates vibrant community hubs and partnerships that provide essential resources and support for students throughout Los Angeles County.


Official website here: www.lapromisefund.org

Who is the CEO of La Promise Fund?

Veronica Melvin is the Co-Chair of La Promise Fund. The CEO's salary of La Promise Fund is $205,392 and their total compensation is $229,970.


Official website here: www.lapromisefund.org

What is the revenue of La Promise Fund?

La Promise Fund's revenue in 2022 was $15,071,176.


Official website here: www.lapromisefund.org

Who are the executives of La Promise Fund and what are their salaries?

The average compensation at La Promise Fund during 2022 was $51,208. There are 132 employees and 150 volunteers at La Promise Fund.

Here are 28 key members and their salaries (La Promise Fund's CEO's salary is $205,392 and their total compensation is $229,970):

    Veronica Melvin (Ceo/President)
  • Compensation: $205,392
  • Related: $0
  • Other: $24,578

    • Kyle Miller (Cso)
  • Compensation: $147,871
  • Related: $0
  • Other: $15,628

    • Michelle Cheang (Chief Program Officer)
  • Compensation: $144,336
  • Related: $0
  • Other: $11,932

    • Donna Jacobson (Director Of Schools)
  • Compensation: $132,060
  • Related: $0
  • Other: $14,641

    • Liliana Vasquez (Coo)
  • Compensation: $111,508
  • Related: $0
  • Other: $11,028

    • Megan Chernin (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Prough (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ali Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Bender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donnell Beverly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tanesha Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russell Westbrook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul De Bernier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amit Verma (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Mann (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Marshall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Mcnamee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Simon Osborn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alison Temple (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danielle Vick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fernando Fernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jaime Uzeta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ivelisse Estrada (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dean Hallett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Stephens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sophia Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Foggy-Paxton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lapromisefund.org

    Where can I find the form 990 for La Promise Fund?

    The La Promise Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lapromisefund.org

    Learn more at the official website: www.lapromisefund.org

    Mission Statement of La Promise Fund

    La Promise Fund, a dedicated organization, focuses on preparing Los Angeles students for academic, professional, and personal success. Through a network of high-performing, community-based schools and a portfolio of high-impact programs, the Fund fosters motivated and engaged students. By creating vibrant community hubs and partnerships, La Promise Fund empowers students to excel in their academic pursuits and prepares them for successful careers. The organization's efforts reach students throughout Los Angeles County, ensuring a wide impact on the local community. With a commitment to transforming lives, La Promise Fund is a beacon of hope for students striving to reach their full potential.

    Impact

    This information is meant to be a general summary of La Promise Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    La Promise Fund's impact can be seen in the success of Los Angeles students who are better prepared for college, career, and life. Through its network of high-performing, community-based schools and a portfolio of programs throughout LA County, La Promise Fund creates vibrant community hubs and partnerships that nurture motivated, engaged, and directed students. These efforts result in students who are poised for academic, professional, and personal success.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $16,211,110

    • Assets and Liabilities:
  • Total Assets: $49,429,202
  • Total Liabilities: $41,884,537
  • Net Assets: $7,544,665
  • Organization Details

    Founding Year

    2005

    Principal Officer

    Veronica Melvin

    Main Address

    1933 S BROADWAY SUITE 1108, LOS ANGELES, CA, 90007

    NTEE Category

    Code: B82 - Education

    If you are a representative of La Promise Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.