Mayors Fund For Los Angeles
- Assets
- $12.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Los Angeles, CA
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 47-1084641
Organization Overview
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 06/2022, Mayors Fund For Los Angeles employed 25 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 06/2022, Mayors Fund For Los Angeles generated $5.2m 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 (11.5%) each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mayors Fund For Los Angeles has awarded 226 individual grants totaling $33,572,433. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRING TOGETHER RESOURCES TO SOLVE THE CITY'S MOST PRESSING CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RESILIENCY:THE FUND SUPPORTS DISASTER PREPAREDNESS AND IMMEDIATE CRISIS RESPONSE EFFORTS, SUCH AS 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, IMPROVE PUBLIC SPACES, SUPPORT ANGELENOS IN NEED, AND FULFILL THE POTENTIAL OF LOS ANGELES AS A CITY WHERE ALL CAN THRIVE.
ECONOMIC PROSPERITY:THE FUND SEEKS TO PROMOTE ECONOMIC GROWTH IN SUPPORT OF ALL ANGELENOS. KEY INITIATIVES FOCUS ON JOB CREATION, JOB PIPELINES AND SUPPORT OF SMALL BUSINESSES AND LOCAL ENTREPRENEURS.
GOVERNMENT EFFICIENCY:IMPROVING GOVERNMENT EFFECTIVENESS THROUGH PUBLIC PRIVATE PARTNERSHIPS ALLOWS THE FUND TO SEEK INNOVATIVE SOLUTIONS AND BEST PRACTICES THAT SUPPORT MORE EFFICIENT, RESPONSIVE CITY GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidre Lind President & CEO | Officer | 40 | $217,500 |
Kathleen Brown Chairman Of The Board | OfficerTrustee | 2 | $0 |
Janice Bryant Howroyd Vice - Chairman Of Board | OfficerTrustee | 1 | $0 |
David Nathanson Treasurer | OfficerTrustee | 2 | $0 |
John Emerson Audit Committee Member | Trustee | 1 | $0 |
Jarrett Barrios Audit Committee Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackhawk Engagement Solutions Management Of Prepaid Card Program | 6/29/22 | $2,577,181 |
Mobility Capital Finance Inc Management Of Prepaid Card Program | 6/29/22 | $1,577,000 |
Social Impact Fund Evolve Entertainment Fund Programming | 6/29/22 | $443,351 |
City Of Los Angeles Bloomberg 2 Programming | 6/29/22 | $469,625 |
Onegeneration Bloomberg 2 Programming | 6/29/22 | $334,339 |
Financial Statements
| 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 | $5,229,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,229,437 |
| Total Program Service Revenue | $0 |
| Investment income | $5,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,921 |
| 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 | $5,243,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,771,732 |
| Grants and other assistance to domestic individuals. | $1,662,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,289 |
| Compensation of current officers, directors, key employees. | $52,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,934 |
| Pension plan accruals and contributions | $26,985 |
| Other employee benefits | $74,931 |
| Payroll taxes | $73,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,044 |
| Fees for services: Accounting | $187,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,166,471 |
| Advertising and promotion | $208,559 |
| Office expenses | $22,414 |
| Information technology | $9,095 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,092 |
| 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 | $22,730 |
| Insurance | $22,103 |
| All other expenses | $36,190 |
| Total functional expenses | $10,102,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,692,117 |
| Savings and temporary cash investments | $4,465,242 |
| Pledges and grants receivable | $1,611,556 |
| Accounts receivable, net | $1,343 |
| 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 | $14,468 |
| Net Land, buildings, and equipment | $41,507 |
| Investments—publicly traded securities | $211,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,037,706 |
| Accounts payable and accrued expenses | $1,601,993 |
| 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 | $1,601,993 |
| Net assets without donor restrictions | $1,303,433 |
| Net assets with donor restrictions | $9,132,280 |
| 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 | $12,037,706 |
Grants Awarded
Over the last fiscal year, Mayors Fund For Los Angeles has awarded $1,977,197 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: EVOLVE ENTERTAINMENT FUND | $443,351 |
Van Nuys, CA PURPOSE: BLOOMBERG 2 | $288,445 |
CITY OF LA EWDD PURPOSE: HIRE LA'S YOUTH | $232,500 |
Los Angeles, CA PURPOSE: NOGOINGBACKLA | $100,000 |
Los Angeles, CA PURPOSE: CV-19 DACA FEES-COLLEGE PROMISE | $100,000 |
Panorama City, CA PURPOSE: CV-19 - STREET VENDORS/BUSINESS | $84,375 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Mayors Fund For Los Angeles has recieved totaling $6,513,496.
| Awarding Organization | Amount |
|---|---|
Iger Bay Foundation Ea0210983 Wilmington, DE PURPOSE: GENERAL | $5,000,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: MAYORS CHALLENGE - CITY OF LOS ANGELES, CA | $353,000 |
Leonard Hill Charitable Trust Santa Monica, CA PURPOSE: LA EMERGENCY COVID 19 CRISIS FUND | $250,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT THE MOBILE OUTREACH FOR VACCINE EQUITY PROGRAM IN LOS ANGELES. | $250,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78714 EXPANDING A NETWORK OF GLOBAL CITIES BY ACTI | $162,500 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78714 EXPANDING A NETWORK OF GLOBAL CITIES BY ACTI | $162,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |