Ll Foundation For Youth
- Assets
- $50.2m
- Revenue
- $711.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Sherman Oaks, CA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-5249343
Organization Overview
Ll Foundation For Youth is located in Sherman Oaks, CA. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ll Foundation For Youth 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, Ll Foundation For Youth generated $711.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (57.2%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ll Foundation For Youth has awarded 74 individual grants totaling $7,730,000. 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
THE FOUNDATION WILL AWARD GRANTS TO CHARITIES THAT PROMOTE EDUCATION, MEDICINE, SCIENCE AND CHILDCARE FOR HEALTH AND WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRANSITION FROM YOUTH TO ADULTHOOD IS CHALLENGING FOR YOUNG ADULTS AND FOR THOSE WITH FEWER ADVANTAGES AND LIMITED RESOURCES, IT CAN BE PARTICULARLY DIFFICULT. OUR GRANTS ARE GEARED TOWARDS PROGRAMS AND PROJECTS THAT SUPPORT YOUNG PEOPLE AGES 13-26 WHO NEED EXTRA SUPPORT IN ORDER TO MEET THEIR MEDICAL, EDUCATIONAL OR OTHER NEEDS AND TO ACHIEVE THEIR DREAMS. WE SEEK TO PARTNER WITH NONPROFITS THAT HELP YOUTH WITH THE ABOVE AND TO FEEL "SEEN, HEARD AND UNDERSTOOD."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renate S Hochleitner President | OfficerTrustee | 20 | $82,500 |
Sarina Kaye Chief Financial Officer | OfficerTrustee | 2 | $0 |
Charanjiv K Sidhu Secretary | OfficerTrustee | 2 | $0 |
Tamar Ekizian Director | Trustee | 2 | $0 |
Meredith Flanaghan Director | Trustee | 2 | $0 |
Dianne Satterlee Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,200,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$488,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $711,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,205,000 |
| 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. | $82,500 |
| Compensation of current officers, directors, key employees. | $20,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,520 |
| Fees for services: Accounting | $38,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $428,455 |
| Fees for services: Other | $133,652 |
| Advertising and promotion | $0 |
| Office expenses | $2,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $16,857 |
| All other expenses | $0 |
| Total functional expenses | $4,927,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $870,452 |
| 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 | $0 |
| Investments—publicly traded securities | $49,378,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,248,987 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,010,000 |
| 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 | $1,010,000 |
| Net assets without donor restrictions | $49,238,987 |
| 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 | $50,248,987 |
Grants Awarded
Over the last fiscal year, Ll Foundation For Youth has awarded $4,205,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION GOLDEN WEST CHAPTER PURPOSE: THE ALS ASSOCIATION GOLDEN WEST CHAPTER ESTABLISHED THE L.L. FOUNDATION FOR YOUTH FUND. THIS FUND SUPPORTED YOUTH AGES 13 TO 26 IN CALIFORNIA WHOSE LOVED ONES HAVE OR HAVE HAD ALS. | $100,000 |
AUTISM PARTNERSHIP PURPOSE: FREE REGISTERED BEHAVIOR TECHNICIAN TRAINING PROGRAM | $75,000 |
A SENSE OF HOME PURPOSE: CREATING HOMES AND PREVENTING HOMELESSNESS FOR LOS ANGELES' FOSTER YOUTH | $25,000 |
C BOOSTER CLUB SCHOOL FOR THE DEAF PURPOSE: CALIFORNIA SCHOOL FOR THE DEAF, RIVERSIDE WAS ABLE TO INTEGRATE OUTDOOR LEARNING ACTIVITIES WITH FORMAL EDUCATION WHICH ENCOURAGED TEAMWORK BETWEEN DEAF STUDENTS, DEEPER UNDERSTANDING OF THEMSELVES AND OTHER PEOPLE IN THE PROCESS. | $50,000 |
CAMP TAWONGA PURPOSE: CAMP TAWONGA WAS ABLE TO SUPPORT HUNDREDS OF TEENS OF JEWISH FAITH WHOSE FAMILIES ARE UNABLE TO AFFORD FULL CAMP FEES. THESE TEENS AND YOUNG ADULTS WERE GIVEN THE TOOLS TO NAVIGATE MENTAL HEALTH ISSUES, FIND THEIR FOOTING AND BECOME THEIR BEST SELVES. | $225,000 |
CASA YOUTH SHELTER PURPOSE: RESIDENTIAL SHELTER CARE PROGRAM | $20,000 |