Fotc -- Los Angeles
- Assets
- $5.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Los Angeles, CA
- Founding
- 11/2017
- Data as of
- 08/2022
- EIN
- 82-3166229
Organization Overview
Fotc -- Los Angeles is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2022, Fotc -- Los Angeles employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fotc -- 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 08/2022, Fotc -- Los Angeles generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $3.1m during the year ending 08/2022. While expenses have increased by 36.5% per year over the past 5 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
FRIENDS OF THE CHILDREN COMMITS TO STANDING ALONGSIDE OUR COMMUNITY'S YOUTH AS THEY WORK TO OVERCOME BARRIERS TO THEIR SUCCESS. EACH CHILD RECEIVES 1:1 SUPPORT AND GUIDANCE FROM A SALARIED, PROFESSIONAL MENTOR (CALLED A FRIEND), FROM KINDERGARTEN THROUGH HIGH SCHOOL GRADUATION-12 YEARS, NO MATTER WHAT. FRIENDS WORK COLLABORATIVELY WITH HIGH-PRIORITY YOUTH AND THEIR CAREGIVERS TO SET AND ACHIEVE INDIVIDUALIZED GOALS, AS WELL AS ADVOCATE FOR THEM IN THE SCHOOL, CHILD WELFARE, HEALTHCARE, AND OTHER SYSTEMS THAT IMPACT THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH IN THE FRIENDS PROGRAM FACE CONSIDERABLE CHALLENGES, INCLUDING PLACEMENT IN THE FOSTER CARE SYSTEM, UNDER-RESOURCED NEIGHBORHOOD SCHOOLS, HOMELESSNESS, HUNGER, AND DISPARITIES IN ACCESS TO AND QUALITY OF HEALTH CARE. DESPITE THESE BARRIERS, PROGRAM YOUTH ENTER ADULTHOOD WITH STRONG FOUNDATIONS FOR CONTINUING ACHIEVEMENT: 83% GRADUATE HIGH SCHOOL OR EARN A GED, 93% AVOID THE JUVENILE JUSTICE SYSTEM, AND 98% AVOID TEEN PARENTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorie Das Executive Director | Officer | 40 | $107,346 |
Peter Lizotte Chair | OfficerTrustee | 1 | $0 |
Robyn Young Treasurer | OfficerTrustee | 1 | $0 |
Mary Jo Johnson Vice-Chair | OfficerTrustee | 1 | $0 |
Lee Schube Secretary | OfficerTrustee | 1 | $0 |
Courtney Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,305,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,534,456 |
| Noncash contributions included in lines 1a–1f | $133,687 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,840,235 |
| Total Program Service Revenue | $0 |
| 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 | $7,842,469 |
| 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. | $122,071 |
| Compensation of current officers, directors, key employees. | $18,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,336,263 |
| Pension plan accruals and contributions | $14,365 |
| Other employee benefits | $106,492 |
| Payroll taxes | $146,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,696 |
| Advertising and promotion | $0 |
| Office expenses | $51,076 |
| Information technology | $19,113 |
| Royalties | $0 |
| Occupancy | $89,355 |
| Travel | $5,939 |
| 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 | $156,129 |
| Depreciation, depletion, and amortization | $10,597 |
| Insurance | $3,597 |
| All other expenses | $36,759 |
| Total functional expenses | $3,097,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,680,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,587,151 |
| Accounts receivable, net | $162,005 |
| 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 | $39,299 |
| Net Land, buildings, and equipment | $31,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,500,543 |
| Accounts payable and accrued expenses | $150,857 |
| 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 | $150,857 |
| Net assets without donor restrictions | $3,457,697 |
| Net assets with donor restrictions | $1,891,989 |
| 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 | $5,500,543 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Fotc -- Los Angeles has recieved totaling $1,847,654.
| Awarding Organization | Amount |
|---|---|
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR THE FOSTERING RESILIENCE PROJECT THAT PROVIDES MENTORING AND CAREGIVER SUPPORTS FOR BLACK YOUTH IN FOSTER CARE IN SOUTH LOS ANGELES. | $600,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR THE FOSTERING RESILIENCE PROJECT THAT PROVIDES MENTORING AND CAREGIVER SUPPORTS FOR BLACK YOUTH IN FOSTER CARE IN SOUTH LOS ANGELES. | $600,000 |
Friends Of The Children - National Office Portland, OR PURPOSE: CHAPTER SUPPORT | $474,860 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF PROFESSIONAL MENTORSHIP FOR YOUTH AND THEIR FAMILIES | $50,000 |
Reissa Foundation Wilmington, DE PURPOSE: ANTELOPE VALLEY PROGRAM | $50,000 |
Reissa Foundation Wilmington, DE PURPOSE: FOSTERING RESILIENCE PROJECT AND PROGRAM EVALUATION | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |