Mayors Fund For Los Angeles is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Mayors Fund For Los Angeles employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayors Fund For Los Angeles 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 06/2023, Mayors Fund For Los Angeles generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mayors Fund For Los Angeles has awarded 208 individual grants totaling $30,590,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MAYOR'S FUND FOR LOS ANGELES BRINGS TOGETHER BUSINESS, PHILANTHROPY, NONPROFITS, AND GOVERNMENT TO ADDRESS ANGELENOS MOST CRITICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RESILIENCY/HOMELESSNESS PREVENTION:THE FUND SUPPORTS DISASTER PREPAREDNESS AND IMMEDIATE CRISIS RESPONSE EFFORTS, NOW FOCUSED ON HOMELESSNESS PREVENTION. IN THE PAST, HELPING ANGELENOS THROUGHOUT THE COVID-19 PANDEMIC, AS WELL AS PROGRAMS THAT STRENGTHEN COMMUNITIES, SUCH AS THOSE THAT ADDRESS CLIMATE CHANGE.
QUALITY OF LIFE:THE FUND SUPPORTS PROGRAMS THAT CREATE STRONGER NEIGHBORHOODS, INCREASE EQUITY, BOLSTER YOUTH DEVELOPMENT, AND IMPROVE URBAN ENVIRONMENT AND PUBLIC SPACES.
ECONOMIC PROSPERITY:THE FUND PROMOTES ECONOMIC GROWTH IN SUPPORT OF ALL ANGELENOS, JOB CREATION AND JOB PIPELINES, AND SMALL BUSINESSES AND LOCAL ENTREPRENEURS.
GOVERNMENT EFFICIENCY & SUPPORT:IMPROVING GOVERNMENT OPERATIONS THROUGH PUBLIC PRIVATE PARTNERSHIPS AND INNOVATIVE SOLUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathleen Brown Chairman Of The Board (thru 03/2023) | OfficerTrustee | 2 | $0 |
Janice Bryant Howroyd Vice - Chairman Of Board (thru March 2023) | OfficerTrustee | 1 | $0 |
David Nathanson Treasurer (thru March 2023) | OfficerTrustee | 2 | $0 |
Dee Dee Myers Secretary (thru March 2023) | Trustee | 1 | $0 |
John Emerson Audit Committee Member (thru 03/2023) | Trustee | 1 | $0 |
Jarrett Barrios Audit Committee Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Conference Systems Summit Of The Americas Programming | 6/29/23 | $1,093,988 |
Mobility Capital Finance Inc Management Of Prepaid Card Program | 6/29/23 | $1,677,500 |
Clove & Twine Summit Of The Americas Programming | 6/29/23 | $544,678 |
Bixel & Company Summit Of The Americas Programming | 6/29/23 | $888,144 |
City Of Los Angeles Hire La's Youth Programming | 6/29/23 | $232,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,738,256 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,738,256 |
Total Program Service Revenue | $0 |
Investment income | $135,649 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $1,873,905 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,051,485 |
Grants and other assistance to domestic individuals. | $1,675,358 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $485,843 |
Compensation of current officers, directors, key employees. | $151,275 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $737,351 |
Pension plan accruals and contributions | $21,706 |
Other employee benefits | $78,037 |
Payroll taxes | $84,676 |
Fees for services: Management | $0 |
Fees for services: Legal | $71,295 |
Fees for services: Accounting | $183,266 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $652,839 |
Advertising and promotion | $235,966 |
Office expenses | $26,715 |
Information technology | $1,097 |
Royalties | $0 |
Occupancy | $0 |
Travel | $79,150 |
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 | $20,840 |
Insurance | $26,715 |
All other expenses | $35,584 |
Total functional expenses | $7,168,864 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,656,081 |
Savings and temporary cash investments | $867,717 |
Pledges and grants receivable | $1,056,613 |
Accounts receivable, net | $0 |
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 | $16,587 |
Net Land, buildings, and equipment | $20,667 |
Investments—publicly traded securities | $1,220,723 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,089 |
Total assets | $5,840,477 |
Accounts payable and accrued expenses | $693,196 |
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 | $0 |
Total liabilities | $693,196 |
Net assets without donor restrictions | $1,052,054 |
Net assets with donor restrictions | $4,095,227 |
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 | $5,840,477 |
Over the last fiscal year, Mayors Fund For Los Angeles has awarded $2,021,485 in support to 27 organizations.
Grant Recipient | Amount |
---|---|
ESPERANZA COMMUNITY HOUSING PURPOSE: OUTREACH & SUPPORT | $835,362 |
EXPANDED LEARNING ALLIANCE PURPOSE: EXPAND LA | $295,460 |
CITY OF LOS ANGELES PURPOSE: WORKFORCE EQUITY DEMONSTRATION | $250,000 |
LOS ANGELES CLEANTECH INCUBATOR PURPOSE: WISTEM | $139,000 |
SOUTHERN CALIFORNIA GRANTMAKERS PURPOSE: COVID-19 CRISIS FUND | $100,000 |
ONEGENERATION PURPOSE: BLOOMBERG 2 | $75,000 |