Imagine Los Angeles Inc
- Assets
- $2.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Los Angeles, CA
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-4637089
Organization Overview
Imagine Los Angeles Inc is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Imagine Los Angeles Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Los Angeles Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Imagine Los Angeles Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMAGINE LAS MISSION IS TO END THE CYCLE OF FAMILY HOMELESSNESS AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMAGINE LA WORKS WITH HIGHLY VULNERABLE WHOLE FAMILIES ACROSS LOS ANGELES COUNTY WHO ARE ESTABLISHING THEIR PATHWAYS TO STABILITY, INCLUDING NEWLY HOUSED FAMILIES AND THOSE WHO HAVE RECENTLY EXPERIENCED HOMELESSNESS. EACH OF OUR FAMILIES HAS FACED CHALLENGES BECAUSE OF COVID-19 AND INFLATION, INCLUDING INCOME LOSS, NAVIGATING HOUSING AND LIVING WAGE OPPORTUNITIES, AND STRESS FROM FAMILY LIFE DURING A HARD ECONOMY. ALL OF THE FAMILIES WE SERVE ARE VERY LOW-INCOME; AT INTAKE, ALL ARE AT OR BELOW 30% AREA MEDIAN INCOME (AMI). 85% OF THE FAMILIES WE SERVE ARE LED BY UNPARTNERED WOMEN, AND 84% OF FAMILIES IDENTIFY AS BIPOC. THROUGH IMAGINE LAS SOCIAL BENEFIT CALCULATOR, WE WILL ALSO SERVE FAMILIES, INDIVIDUALS, AND THEIR CASE MANAGERS ACROSS LA COUNTY.SEE SCHEDULE O FOR MORE DETAILS.
THE SOCIAL BENEFIT NAVIGATOR -IN JANUARY OF 2023, IMAGINE LA CREATED A NEW WHOLLY OWNED SUBSIDIARY CALLED SOCIAL BENEFIT LLC. CO-FOUNDED BY JILL BAUMAN (IMAGINE LA, CEO EMERITUS) AND BRIT MOORE GILMORE (FORMER PRESIDENT, THE GIVING KEYS). ITS PURPOSE IS TO PROVIDE SIMPLE HUMAN-CENTERED TOOLS, SERVICES AND DATA THAT EMPOWER USERS TO QUICKLY NAVIGATE AND ACCESS PUBLIC BENEFITS AND TAX CREDITS AS WELL AS PROVIDE PATHWAYS TO ECONOMIC MOBILITY. THE SOCIAL BENEFIT NAVIGATOR (THE NAVIGATOR) IS OUR FIRST EASY-TO USE ONLINE, MOBILE FRIENDLY PRODUCT.SEE SCHEDULE O FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tulynn Smylie CEO | Officer | 40 | $162,120 |
Jill Bauman CEO Emeritus | Officer | 40 | $134,636 |
Karinn Cologne COO | Officer | 40 | $101,055 |
Joe Takai Chairman | OfficerTrustee | 2 | $0 |
George Phillips Jr Vice Chair | OfficerTrustee | 2 | $0 |
Lindsay Dunn Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $804,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,677,979 |
| Noncash contributions included in lines 1a–1f | $67,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,482,696 |
| Total Program Service Revenue | $0 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $351,688 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,844,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,998 |
| Compensation of current officers, directors, key employees. | $132,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,327,435 |
| Pension plan accruals and contributions | $10,167 |
| Other employee benefits | $134,865 |
| Payroll taxes | $130,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,050 |
| Fees for services: Accounting | $78,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $497,922 |
| Advertising and promotion | $0 |
| Office expenses | $19,890 |
| Information technology | $69,728 |
| Royalties | $0 |
| Occupancy | $136,766 |
| Travel | $27,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,397 |
| All other expenses | $25,298 |
| Total functional expenses | $3,047,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,315 |
| Savings and temporary cash investments | $113,310 |
| Pledges and grants receivable | $1,193,500 |
| Accounts receivable, net | $129,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,021 |
| Net Land, buildings, and equipment | $24,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $376,315 |
| Total assets | $2,184,128 |
| Accounts payable and accrued expenses | $221,256 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $371,929 |
| Total liabilities | $593,185 |
| Net assets without donor restrictions | $203,022 |
| Net assets with donor restrictions | $1,387,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,184,128 |
Grants Awarded
Over the last fiscal year, Imagine Los Angeles Inc has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS INSTITUTE INC PURPOSE: Economic Mobility Program pilot | $25,000 |
THE WHOLE CHILD PURPOSE: Economic Mobility Program pilot | $25,000 |
UNION STATION HOMELESS SVCS PURPOSE: Economic Mobility Program pilot | $25,000 |
UPWARD BOUND HOUSE PURPOSE: Economic Mobility Program pilot | $25,000 |