Pico Union Project Inc
- Assets
- $561.4k
- Revenue
- $741.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2010806
Organization Overview
Pico Union Project Inc is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Pico Union Project Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pico Union 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 12/2021, Pico Union Project Inc generated $741.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $657.7k during the year ending 12/2021. While expenses have increased by 17.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO HELPING REINVIGORATE THE PICO UNION COMMUNITY OF LOS ANGELES BY OFFERING SPACE FOR RELIGIOUS WORSHIP BY ALL FAITHS, PERFORMING ARTS, AND COMMUNITY ACTIVITIES. THESE ACTIVITIES ARE INTENDED TO REDUCE NEIGHBORHOOD TENSIONS AND COMBAT PREJUDICE AND DISCRIMINATION BY PROMOTING INTERFAITH DIALOGUE AND COMMUNITY AMONGST THE DIVERSE ETHNIC AND RELIGIOUS GROUPS OF LOS ANGELES. THE COMPANY WILL PROVIDE A FACILITY FOR THESE SERVICES BY LEASING AND OPERATING THE OLDEST SYNAGOGUE IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PICO UNION PROJECT HAS PROVIDED A LOCATION FOR THE RELIGIOUS WORSHIP OF SEVERAL FAITHS, PERFORMING ARTS, AND COMMUNITY ACTIVITIES. AS A RESULT, NEIGHBORHOOD TENSIONS AND PREJUDICES HAVE BEEN REDUCED. A DIALOGUE HAS BEEN STARTED AMONGST INTERFAITH GROUPS, AS WELL AS MANY CULTURAL & DIVERSE ETHNICITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Taubman President | OfficerTrustee | 40 | $40,019 |
Louise Taubman Treasurer | OfficerTrustee | 20 | $25,425 |
Dan Wolf Secretary | OfficerTrustee | 5 | $0 |
Richard Foos Board Member | Trustee | 5 | $0 |
Laura Ozer Director | Trustee | 5 | $0 |
Yechiel Hoffman Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $549,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,039 |
| Total Program Service Revenue | $111,349 |
| Investment income | $0 |
| 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 | $741,388 |
| 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. | $65,444 |
| Compensation of current officers, directors, key employees. | $26,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,640 |
| Advertising and promotion | $0 |
| Office expenses | $12,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,000 |
| Travel | $0 |
| 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 | $8,347 |
| Insurance | $55,579 |
| All other expenses | $46,041 |
| Total functional expenses | $657,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,985 |
| 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 | $220 |
| Net Land, buildings, and equipment | $278,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,545 |
| Total assets | $561,411 |
| 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 | $10,644 |
| Total liabilities | $10,644 |
| Net assets without donor restrictions | $0 |
| 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 | $550,767 |
| Total liabilities and net assets/fund balances | $561,411 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Pico Union Project Inc has recieved totaling $132,572.
| Awarding Organization | Amount |
|---|---|
| $60,855 | |
Robert Ellis Simon Foundation Los Angeles, CA PURPOSE: THE PICO UNION PROJECT IS A MULTI-FAITH CENTER THAT STRIVES TO INVIGORATE THE COMMUNITY OF LOS ANGELES BY BRINGING DIVERSE CULTURES TOGETHER THROUGH SONG, STORY, ART AND ACTIVISM. | $33,200 |
Ravitch-Wolfe Family Foundation Los Angeles, CA PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
Tljc Foundation Beverly Hills, CA PURPOSE: GENERAL | $10,000 |
| $9,000 | |
Sheila Dave And Sherry Gold Foundation Studio City, CA PURPOSE: SUPPORT FOR A MULTI-FAITH CULTURAL ARTS CENTER TO PROMOTE DIVERSITY WITHIN THE COMMUNITY. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |