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Los Angeles Room & Board

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

EIN: 833172348 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Los Angeles Room & Board?

Los Angeles Room & Board is a California-based nonprofit organization, located at 862 Hilgard Avenue in Los Angeles, CA, 90024. Their primary focus is on supporting community college students in California by offering affordable transitional housing aimed at ending homelessness. This housing is designed to empower students to persist, retain, and complete their certificate, associate's, and bachelor's degree programs. By providing this essential resource, Los Angeles Room & Board strives to ensure that students can successfully achieve their post-secondary education goals. The organization currently employs a team of 28 individuals to help further its mission.


Official website here: www.larnb.org

Is Los Angeles Room & Board legitimate?

Los Angeles Room & Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Room & Board 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: $1,289,869
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.larnb.org

What is the mission statement of Los Angeles Room & Board?

Los Angeles Room & Board (LARB) is dedicated to helping community college students in California achieve their post-secondary education goals. Through providing affordable transitional housing, LARB aims to put an end to homelessness among these students. Their residential education program not only offers affordable housing but also encourages persistence, retention, and completion of certificate, associates, and bachelor's degree programs. By ensuring a stable living situation, LARB enables students to focus on their academic pursuits and ultimately reach their educational objectives.


Official website here: www.larnb.org

Who is the CEO of Los Angeles Room & Board?

Samuel Prater is the Founder of Los Angeles Room & Board.


Official website here: www.larnb.org

What is the revenue of Los Angeles Room & Board?

Los Angeles Room & Board's revenue in 2022 was $35,503,527.


Official website here: www.larnb.org

Who are the executives of Los Angeles Room & Board and what are their salaries?

The average compensation at Los Angeles Room & Board during 2022 was $46,067. There are 28 employees at Los Angeles Room & Board.

There is 1 key member and their salary:

    Samuel Prater (Founder)
  • Compensation: $160,417
  • Related: $0
  • Other: $0


  • Official website here: www.larnb.org

    Where can I find the form 990 for Los Angeles Room & Board?

    The Los Angeles Room & Board’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.larnb.org

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

    Mission Statement of Los Angeles Room & Board

    Los Angeles Room & Board (LARB), a California-based organization, is dedicated to helping community college students achieve their postsecondary education goals by providing affordable transitional housing. This mission is designed to put an end to homelessness among these students. LARB's residential program not only offers affordable housing but also promotes persistence, retention, and completion of certificate, associates, and bachelor's degree programs.

    By ensuring stable housing for community college students, LARB plays a crucial role in their academic success. The organization's affordable transitional housing provides students with the stability and comfort needed to focus on their studies, rather than worrying about their living situation. Furthermore, LARB's residential education program is an essential component of its mission. It goes beyond housing, aiming to foster a supportive environment that encourages students to persist in their education, ultimately leading to the completion of their degree programs.

    In summary, Los Angeles Room & Board is a California nonprofit organization that empowers community college students by offering affordable transitional housing and a residential education program. Through these efforts, LARB not only puts an end to homelessness but also promotes academic success and the completion of postsecondary education.

    Impact

    This information is meant to be a general summary of Los Angeles Room & Board. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Los Angeles Room & Board's impact is significant in providing affordable transitional housing to support California's community college students in achieving their postsecondary education goals and ending homelessness. Through its residential education program, Los Angeles Room & Board promotes persistence, retention, and completion of certificate, associate, and bachelor's degree programs. By offering a stable and supportive living environment, Los Angeles Room & Board plays a crucial role in creating opportunities for students to succeed in their academic pursuits and improve their overall well-being.





    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: $14
  • Program Service Revenue: $42,894
  • Gross Receipts: $35,503,527

    • Assets and Liabilities:
  • Total Assets: $32,294,757
  • Total Liabilities: $44,935
  • Net Assets: $32,249,822
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Student Program Fee

    Revenue

    $42,894

    Organization Details

    Founding Year

    2018

    Principal Officer

    Samuel Prater

    Main Address

    862 Hilgard Avenue, Los Angeles, CA, 90024

    NTEE Category

    Code: L20 - Housing

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