Vermont-Slauson Ldc Inc is located in Los Angeles, CA. The organization was established in 1983. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont-Slauson Ldc Inc 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, Vermont-Slauson Ldc Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 44.9% 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
ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ASSISTANCE PROGRAMS - PROVIDES BUSINESS ASSISTANCE SERVICES TO START-UP AND EXISTING BUSINESSES UNDER A CONTRACT WITH THE CITY OF LOS ANGELES.
OTHER PROGRAMS AND ACTIVITIES
LENDING PROGRAM - PROVIDED FINANCIAL CAPACITY ASSISTANCE AND LOAN OPPORTUNITIES TO SMALL BUSINESS IN LOS ANGELES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kecia Washington Board Chair | Officer | 4 | $0 |
Kyla Lee Treasurer | Officer | 2 | $0 |
Shmel Graham Secretary | Officer | 2 | $0 |
Curtis Fralin Board Member | Trustee | 2 | $0 |
Beatriz Stotzer Board Member | Trustee | 2 | $0 |
Miguel Acuna Board Member | Trustee | 0 | $0 |
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 | $627,300 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $627,300 |
Total Program Service Revenue | $1,628,192 |
Investment income | $11,158 |
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 | $2,108,133 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,070,452 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $89,645 |
Payroll taxes | $95,728 |
Fees for services: Management | $0 |
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 | $622,566 |
Advertising and promotion | $67,833 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,000 |
Travel | $1,061 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $770 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,563 |
All other expenses | $217,803 |
Total functional expenses | $2,261,577 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $165,064 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $706,148 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,029,241 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,121,487 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $162,511 |
Total assets | $3,184,451 |
Accounts payable and accrued expenses | $57,116 |
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 | $643,991 |
Total liabilities | $701,107 |
Net assets without donor restrictions | $1,111,827 |
Net assets with donor restrictions | $1,371,517 |
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 | $3,184,451 |
Over the last fiscal year, we have identified 3 grants that Vermont-Slauson Ldc Inc has recieved totaling $351,688.
Awarding Organization | Amount |
---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $209,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,000 |
Mayors Fund For Los Angeles Los Angeles, CA PURPOSE: CV-19 - STREET VENDORS/BUSINESS | $42,188 |
Organization Name | Assets | Revenue |
---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |