Watts Labor Community Action Committee
- Assets
- $45.1m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 660
- Location
- Los Angeles, CA
- Founding
- 05/1967
- Data as of
- 06/2022
- EIN
- 95-2412869
Organization Overview
Watts Labor Community Action Committee is located in Los Angeles, CA. The organization was established in 1967. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Watts Labor Community Action Committee employed 660 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watts Labor Community Action Committee 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 06/2022, Watts Labor Community Action Committee generated $24.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $26.9m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 7 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
TO IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS OF WATTS AND THE SURROUNDING COMMUNITIES THROUGH EDUCATIONAL, CIVIC AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATTS LABOR COMMUNITY ACTION COMMITTEE, INC. (WLCAC) WAS FOUNDED AS A NON-PROFIT 501(C)3 COMMUNITY BASED ORGANIZATION INCORPORATED IN 1965, AND HAS CONTINUOUSLY WORKED TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF WATTS AND SURROUNDING COMMUNITIES WITHOUT INTERUPTION. WLCAC HAS SERVED MORE THAN 30,000 RESIDENTS ANNUALLY IN SOUTH LOS ANGELES BY PROVIDING HIGH-QUALITY HOUSING, HEALTH, ECONOMIC, EDUCATION AND ADVOCACY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Watkins Board Pres/ceo | OfficerTrustee | 40 | $217,266 |
Naima Greffon Trustee/vp Real Estate Devel | OfficerTrustee | 40 | $144,000 |
Carl Sinclair Controller | 40 | $120,000 | |
Paulette Hunter Board Treas/hr Director | OfficerTrustee | 40 | $108,000 |
Dr Messele Nagash Board Vp/director Of Qc | OfficerTrustee | 40 | $108,000 |
Ron Bagel Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,735,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,244 |
| Noncash contributions included in lines 1a–1f | $571,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,013,782 |
| Total Program Service Revenue | $4,778,955 |
| 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 | $24,792,737 |
| 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. | $697,266 |
| Compensation of current officers, directors, key employees. | $44,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,123,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $886,846 |
| Payroll taxes | $787,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $580,594 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,209,837 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $562,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994,952 |
| Insurance | $1,113,537 |
| All other expenses | $2,560,750 |
| Total functional expenses | $26,948,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,515,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,275,307 |
| 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 | $32,563,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,719,567 |
| Total assets | $45,073,428 |
| Accounts payable and accrued expenses | $1,183,364 |
| 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 | $4,956,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,139,914 |
| Net assets without donor restrictions | $34,374,505 |
| Net assets with donor restrictions | $4,559,009 |
| 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 | $45,073,428 |