Los Angeles Neighborhood Land Trust
- Assets
- $12.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Los Angeles, CA
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 38-3687836
Organization Overview
Los Angeles Neighborhood Land Trust is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 06/2022, Los Angeles Neighborhood Land Trust employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Neighborhood Land Trust 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 06/2022, Los Angeles Neighborhood Land Trust generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOS ANGELES NEIGHBORHOOD LAND TRUST ("LANLT") BUILDS PARKS AND GARDENS (SEE SCHEDULE O) TO ADDRESS THE LACK OF GREEN AND RECREATIONAL SPACES IN GREATER LA'S UNDERSERVED NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOS ANGELES NEIGHBORHOOD LAND TRUST FOCUSES EFFORTS EXCLUSIVELY IN COMMUNITIES THAT HAVE LITTLE TO NO ACCESS TO GREEN SPACE. WE ENGAGE RESIDENTS FROM THE BEGINNING OF OUR DESIGN PROCESS THROUGH CONSTRUCTION AND ULTIMATELY THE STEWARDSHIP OF THE PARKS AND GARDENS WE DEVELOP. WE HAVE OPENED 29 PARKS AND GARDENS AND ADDED OVER 13 ACRES OF NEW GREEN SPACE TO LOS ANGELES COUNTY WHICH SERVE 450,000 PEOPLE ANNUALLY.
IN ADDITION TO BUILDING PARKS AND GARDENS, WE PRODUCE LEADERSHIP DEVELOPMENT PROGRAMS. THE GARDENING APPRENTICESHIP PROGRAM PREPARES SOUTH LOS ANGELES HIGH SCHOOL STUDENTS TO BE THE NEXT GENERATION OF URBAN GARDENERS, LAND STEWARDS, AND COMMUNITY HEALTH ADVOCATES.THE PARK EQUITY LEADERSHIP ACADEMY FOSTERS PARK EQUITY ADVOCACY AND INCREASES RESIDENTS' CIVIC ENGAGEMENT. COMMUNITY MEMBERS PARTICIPATE IN AND ADVOCATE FOR REGIONAL POLICY EFFORTS AND ENGAGE IN LOCAL CAMPAIGNS TO ADDRESS ISSUES IMPACTING THEIR NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Nagami ESQ Chair | OfficerTrustee | 5 | $0 |
Lina Lee Vice Chair | OfficerTrustee | 2 | $0 |
Belinda Vega ESQ Treasurer | OfficerTrustee | 2 | $0 |
Selina Vazquez Secretary | OfficerTrustee | 2 | $0 |
Marcus Benigno Board Member | Trustee | 2 | $0 |
Jack Haley Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Telacu Construction | 6/29/21 | $2,626,018 |
California Landscape And Design Construction | 6/29/21 | $602,130 |
Mig Inc Geotech Services | 6/29/21 | $333,798 |
Pery Consulting Group Accounting | 6/29/21 | $102,000 |
Griffin Structures Construction Management | 6/29/21 | $101,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,551 |
| Related organizations | $0 |
| Government grants | $5,064,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,904 |
| Noncash contributions included in lines 1a–1f | $25,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,439,217 |
| Total Program Service Revenue | $0 |
| Investment income | $180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,497 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,546,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,626 |
| Compensation of current officers, directors, key employees. | $27,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,389 |
| Payroll taxes | $49,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,744 |
| Advertising and promotion | $0 |
| Office expenses | $25,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,081 |
| Travel | $9,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,439 |
| Insurance | $35,323 |
| All other expenses | $803 |
| Total functional expenses | $4,766,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,004 |
| Savings and temporary cash investments | $361,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,452,034 |
| 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 | $46,995 |
| Net Land, buildings, and equipment | $9,306,087 |
| Investments—publicly traded securities | $16,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,243 |
| Total assets | $12,683,693 |
| Accounts payable and accrued expenses | $2,297,428 |
| Grants payable | $0 |
| Deferred revenue | $106,875 |
| 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 | $0 |
| Total liabilities | $2,404,303 |
| Net assets without donor restrictions | $9,615,446 |
| Net assets with donor restrictions | $663,944 |
| 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 | $12,683,693 |