Lost Angels Childrens Project Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 67
- Location
- Lancaster, CA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-3384907
Organization Overview
Lost Angels Childrens Project Inc is located in Lancaster, CA. The organization was established in 2016. 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 12/2022, Lost Angels Childrens Project Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Angels Childrens Project 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 12/2022, Lost Angels Childrens Project Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 52.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 49.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SERVICE TO DISADVANTAGED YOUTH, YOUNG ADULTS, FAMILIES, AND DISTRESSED COMMUNITIES THROUGH INNOVATIVE VOCATIONAL TRAINING, SOCIAL ENTERPRISE, AND TRADITIONAL OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOST ANGELS CHILDREN'S PROJECT (LACP) EMPOWERS AND EMPLOYS YOUTH WITHIN THE ANTELOPE VALLEY COMMUNITY AND THE GREATER LOS ANGELES AREA BY OFFERING A PAID VOCATIONAL TRAINING PROGRAM THAT PROVIDES A DIRECT PATH TO SUSTAINABLE JOB PLACEMENT. LACP PROGRAM PARTICIPANTS ARE SOCIOECONOMICALLY DISADVANTAGED, BIPOC, LGBTQIA+, SINGLE PARENTS, YOUNG WOMEN, JUSTICE AND/OR FOSTER SYSTEM IMPACTED TRANSITIONAL AGED YOUTH.LACP'S MAIN PROGRAM OFFERED IS "THE WORK PROGRAM", A TWELVE WEEK INTENSIVE INDUSTRIAL ARTS VOCATIONAL TRAINING AND SKILLS DEVELOPMENT PROGRAM. LACP HAS DESIGNED THE CURRICULUM WITH INPUT FROM AEROSPACE INDUSTRY PROFESSIONAL AND EMPLOYERS TO TEACH TRANSFERABLE SKILL SETS IN HIGH DEMAND CAREER FIELDS.SINCE INCEPTION, LACP HAS TRAINED AND MENTORED YOUTH IN THE ANTELOPE VALLEY AREA, AND PARTNERED WITH THE CITY OF LANCASTER, LA COUNTY OFFICE OF EDUCATION, AND AMERICA'S JOB CENTER OF CALIFORNIA TO CREATE A CLASSIC CAR RESTORATION SOCIAL ENTERPRISE JOB TRAINING PROGRAM. LACP OFFERS PAID VOCATIONAL TRAINING FOR TAY YOUTH, CASE MANAGEMENT, BARRIER ASSESSMENT, WRAP-AROUND SUPPORT, JOB PLACEMENT AND RETENTION SERVICES.IN 2022, LACP PROVIDED DIRECT SERVICES, TRAINING, CASE MANAGEMENT, JOB PLACEMENT, AND/OR SUPPORTIVE SERVICES FOR 243 YOUTH. MANY OF OUR YOUTH CLIENTS ARE IN VARIOUS STAGES OF READINESS IN THE ONGOING CASE MANAGEMENT PROCESS. SINCE INCEPTION OF THE WORK PROGRAM, LACP HAS ENROLLED AND GRADUATED 160 STUDENTS, 85 OF WHICH GRADUATED DURING 2022. WITHIN THE WORK PROGRAM, LACP HAS A 95% GRADUATION RATE AND A 90% EMPLOYMENT PLACEMENT RATE. IN LATE 2022, LACP REOPENED ITS PRIOR SMALLER FACILITY, LOCATED ROUGHLY ONE MILE FROM THE MAIN FACILITY. THIS HAS ALLOWED US TO EXPAND AND SERVE 40 STUDENTS PER COHORT (25 AT THE BEECH LOCATION; 15 AT THE TREVOR LOCATION). THIS WILL ALLOW OUR TEAM TO SERVE 120 YOUTH IN THE WORK PROGRAM ANNUALLY, 40 PER COHORT, THREE TIMES PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Valencia CEO | OfficerTrustee | 40 | $111,536 |
Holly Gollob-Stein Secretary | OfficerTrustee | 0 | $0 |
Carl Sheaffer Treasurer | OfficerTrustee | 0 | $0 |
Jordan Scharf Director | Trustee | 0 | $0 |
Maxx Cohen Director | Trustee | 0 | $0 |
Christina Smith Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,201 |
| Related organizations | $0 |
| Government grants | $34,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,686,391 |
| Noncash contributions included in lines 1a–1f | $5,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,764,767 |
| Total Program Service Revenue | $62,361 |
| Investment income | $19 |
| 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 | $1,725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,828,872 |
| 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. | $114,437 |
| Compensation of current officers, directors, key employees. | $22,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,739 |
| Payroll taxes | $48,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,508 |
| Advertising and promotion | $1,840 |
| Office expenses | $17,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,277 |
| Travel | $1,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,021 |
| Insurance | $31,882 |
| All other expenses | $6,746 |
| Total functional expenses | $1,231,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $314,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,437 |
| Total assets | $1,270,841 |
| Accounts payable and accrued expenses | $0 |
| 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 | $19,455 |
| Total liabilities | $19,455 |
| Net assets without donor restrictions | $1,251,386 |
| Net assets with donor restrictions | $0 |
| 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 | $1,270,841 |