Alliance College-Ready Public Schools Foundation
- Assets
- $3.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 12/2019
- Data as of
- 06/2023
- EIN
- 84-3100099
Organization Overview
Alliance College-Ready Public Schools Foundation is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Alliance College-Ready Public Schools Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance College-Ready Public Schools Foundation 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 06/2023, Alliance College-Ready Public Schools Foundation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $6.8m during the year ending 06/2023. While expenses have increased by 10.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO STRENGTHENING THE COMMUNITY SUPPORT AND INVESTMENT OF OUR SCHOOLS AND SCHOLARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR FISCAL YEAR ENDED JUNE 30, 2023, THE FOUNDATION HAS AWARDED APPROXIMATELY $5,482,695. THESE AWARDS WENT TO ALLIANCE COLLEGE-READY PUBLIC SCHOOLS TO SUPPORT STRATEGIC INITIATIVES OF THE SCHOOLS AND TO PROVIDE COLLEGE SCHOLARSHIPS TO ALLIANCE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Marine Chair | OfficerTrustee | 2 | $0 |
Jennier Digrazia Vice Chair | OfficerTrustee | 1 | $0 |
Dale Okuno Secretary | OfficerTrustee | 1 | $0 |
Michael Woronoff Treasurer | OfficerTrustee | 1 | $0 |
Brett Brewer Board Member | Trustee | 1 | $0 |
David Fisher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,208,978 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,852,560 |
| Noncash contributions included in lines 1a–1f | $105,222 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,061,538 |
| Total Program Service Revenue | $0 |
| Investment income | -$927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$228,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,832,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,482,695 |
| 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. | $246,430 |
| Compensation of current officers, directors, key employees. | $46,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $572,837 |
| Pension plan accruals and contributions | $34,892 |
| Other employee benefits | $83,763 |
| Payroll taxes | $56,922 |
| Fees for services: Management | $48,375 |
| 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 | $201,255 |
| Advertising and promotion | $22,982 |
| Office expenses | $18,092 |
| Information technology | $32,673 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,483 |
| 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 | $4,943 |
| Insurance | $10,720 |
| All other expenses | $0 |
| Total functional expenses | $6,838,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,227,883 |
| Savings and temporary cash investments | $4,008 |
| Pledges and grants receivable | $2,686,026 |
| 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 | $5,296 |
| Net Land, buildings, and equipment | $7,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,930,626 |
| Accounts payable and accrued expenses | $36,258 |
| 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 | $36,258 |
| Net assets without donor restrictions | $717,414 |
| Net assets with donor restrictions | $3,176,954 |
| 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 | $3,930,626 |