Ll Foundation For Youth
- Assets
- $62.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Sherman Oaks, CA
- Founding
- 11/2018
- Data as of
- 12/2021
- 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 12/2021, Ll Foundation For Youth generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.1%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ll Foundation For Youth has awarded 28 individual grants totaling $3,525,000. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renate S Hochleitner President | OfficerTrustee | 20 | $75,000 |
Sarina Kaye Chief Financial Officer | OfficerTrustee | 2 | $0 |
Charanjiv K Sidhu Secretary | OfficerTrustee | 2 | $0 |
Tamar Ekizian Director | Trustee | 2 | $0 |
Dianne Satterlee Director | Trustee | 2 | $0 |
Meredith Flanaghan 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 | $1,537,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,056,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,593,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,525,000 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $18,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,400 |
| Fees for services: Accounting | $44,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $484,200 |
| Fees for services: Other | $96,961 |
| Advertising and promotion | $0 |
| Office expenses | $4,543 |
| 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 | $16,364 |
| All other expenses | $0 |
| Total functional expenses | $4,270,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,641,416 |
| 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 | $60,606,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,247,549 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $62,247,549 |
| 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 | $62,247,549 |
Grants Awarded
Over the last fiscal year, Ll Foundation For Youth has awarded $3,525,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: ADOLESCENT AND YOUNG ADULT CANCER PATIENTS AT HIGH RISK OF INFERTILITY HAVE ACCESS TO 2 ONCOFERTILITY SPECIALISTS AT CITY OF HOPE. | $250,000 |
Los Angeles, CA PURPOSE: 56 ADOLESCENT PATIENTS WITH PEDIATRIC INFLAMMATORY BOWEL DISEASE (IBD) CONTINUE TO RECEIVE OUTSTANDING CARE AT CEDARS-SINAI PEDIATRIC IBD PROGRAM. | $250,000 |
Renton, WA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION. | $250,000 |
Los Angeles, CA PURPOSE: 34 BIPOC AND TRANSGENDER YOUNG ADULTS HAVE RECEIVED INDIVIDUAL OR GROUP LEVEL PYCHOTHERAPY SERVICES WITH CHILDREN'S HOSPITAL LOS ANGELES TRANSYOUTH PROGRAM. | $250,000 |
New York, NY PURPOSE: AMERICAN JEWISH YOUNG ADULTS WILL CONTINUE TO HAVE ACCESS TO THEIR ANCESTRAL HOMELAND THANKS TO AN ENDOWMENT OF BIRTHRIGHT ISRAEL. | $200,000 |
Long Beach, CA PURPOSE: THOUSANDS OF YOUNG ADULTS WITH DISABILITIES WERE BROUGHT ACCESS TO A VARIETY OF MENTAL AND PHYSICAL HEALTH CARE SERVICES AND SUPPORTIVE COMMUNITIES WITH SPECIAL OLYMPICS SO. CAL. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |