Fulfillment Fund
- Assets
- $6.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Los Angeles, CA
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 95-3180934
Organization Overview
Fulfillment Fund is located in Los Angeles, CA. The organization was established in 1978. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Fulfillment Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulfillment Fund 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, Fulfillment Fund generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. 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
FULFILLMENT FUND MAKES COLLEGE A REALITY FOR STUDENTS FROM ECONOMICALLY AND EDUCATIONALLY UNDERRESOURCED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE ACCESS PROGRAM: 9TH - 12TH GRADE STUDENTS ATTENDING FULFILLMENT FUND PARTNER HIGH SCHOOL RECEIVE CLASSROOM-BASED INSTRUCTION, INTENSIVE ONE-ON-ONE COLLEGE AND FINANCIAL AID COUNSELING FROM MASTER'S LEVEL COUNSELORS, SAT AND ACT PREPARATION, COLLEGE SITE VISITS AND EXPERIENTIAL LEARNING ACTIVITIES. OUR PROGRAMS OPEN YOUNG PEOPLE'S EYES TO THE POSSIBILITY OF HIGHER EDUCATION, AND CHANGE THEIR BELIEFS ABOUT WHAT THEY ARE CAPABLE OF ACHIEVING. THIS PROGRAM SERVES 2,000 STUDENTS.
COLLEGE SUCCESS PROGRAM: FULFILLMENT FUND STUDENTS MATRICULATING TO COLLEGE ARE ELIGIBLE TO COMPETE FOR FULFILLMENT FUND COLLEGE SCHOLARSHIPS, WHICH NOT ONLY PROVIDE FINANCIAL ASSISTANCE BUT ARE COMBINED WITH COUNSELING AND ADVISING SUPPORT TO PROVIDE ACADEMIC, CAREER AND WORKFORCE READINESS SERVICES SO THEY CAN COMPLETE THEIR DEGREE AND EMBARK ON A PROFESSIONAL CAREER. FULFILLMENT FUND COLLEGE SCHOLARS EARN THEIR BACHELOR'S DEGREES AT EIGHT TIMES THE NATIONAL AVERAGE (88% VS. 11%) OF STUDENTS FROM SIMILAR BACKGROUNDS. AS THEY GRADUATE FROM COLLEGE, FULFILLMENT FUND ALUMNI ARE ENCOURAGED TO SUPPORT THE ORGANIZATION AND THE NEXT GENERATION OF STUDENTS BY BECOMING DONORS, VOLUNTEERS AND AMBASSADORS. IN THIS WAY, THE WORK OF THE FULFILLMENT FUND PERPETUATES A CYCLE OF GIVING IN THE COMMUNITY. THIS PROGRAM SERVES 550 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Pachino Director | Trustee | 1 | $0 |
Brian K Werdesheim Director | Trustee | 1 | $0 |
Carl Schuster Director | Trustee | 1 | $0 |
Carla Mann Woods Director | Trustee | 1 | $0 |
Carmen Ward Director | Trustee | 1 | $0 |
Charles Kaplan Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $451,595 |
| Related organizations | $0 |
| Government grants | $643,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,226,367 |
| Noncash contributions included in lines 1a–1f | $2,019 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,321,887 |
| Total Program Service Revenue | $211,000 |
| 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 | $6,532,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $289,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,432 |
| Compensation of current officers, directors, key employees. | $12,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,497,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $359,461 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,894 |
| Advertising and promotion | $500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,896 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,240 |
| Interest | $7,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,380 |
| Insurance | $37,428 |
| All other expenses | $47,360 |
| Total functional expenses | $3,226,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $5,239,550 |
| Pledges and grants receivable | $288,215 |
| 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 | $45,375 |
| Net Land, buildings, and equipment | $19,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485,743 |
| Total assets | $6,078,744 |
| Accounts payable and accrued expenses | $258,704 |
| 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 | $258,704 |
| Net assets without donor restrictions | $5,327,267 |
| Net assets with donor restrictions | $492,773 |
| 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 | $6,078,744 |