P F Bresee Foundation
- Assets
- $3.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 66
- Location
- Los Angeles, CA
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 95-3797363
Organization Overview
P F Bresee Foundation is located in Los Angeles, CA. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, P F Bresee Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P F Bresee 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, P F Bresee Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $4.3m during the year ending 06/2023. While expenses have increased by 9.9% per year over the past 8 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
BRESEE BATTLES POVERTY BY EMPOWERING YOUTH AND FAMILIES IN L.A. WITH THE SKILLS, RESOURCES AND RELATIONSHIPS NECESSARY TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS: BRESEE PROVIDES HIGH-QUALITY, AFTER-SCHOOL PROGRAMS FOR OVER 1,000 LOW-INCOME YOUTH IN ITS 15,000 SQUARE FOOT COMMUNITY CENTER IN CENTRAL LOS ANGELES ANNUALLY. MIDDLE SCHOOL PROGRAMMING INCLUDES SAFE PASSAGE, HOMEWORK ASSISTANCE, TUTORING, AND ENRICHMENT INCLUDING ARTS, DANCE, THEATER, AND ATHLETICS. HIGH SCHOOL PROGRAMMING INCLUDES TECHNOLOGY AND STEAM PROGRAMMING IN ITS STATE OF THE ART TEEN TECH CENTER, CAREER READINESS, PAID INTERNSHIPS, COLLEGE PREPARATION, AND COLLEGE SCHOLARSHIPS. BRESEE HAS PROVIDED OVER $1 MILLION IN COLLEGE SCHOLARSHIPS TO ITS ALUMNI.
FAMILY SERVICES: PROVIDES INTENSIVE, WRAP-AROUND SUPPORT FOR THE FAMILIES OF THE YOUTH BRESEE SERVES, AND SOCIAL AND ECONOMIC STABILITY FOR THE COMMUNITY AT LARGE. PROGRAMS INCLUDE EMERGENCY FOOD AND RENTAL ASSISTANCE, PARENTING CLASSES, ACADEMIC CASE MANAGEMENT, ESL CLASSES, FINANCIAL LITERACY AND COACHING, VOLUNTEER INCOME TAX ASSISTANCE (VITA), IMMIGRATION CONSULTATION AND WORKSHOPS, COMPUTER CLASSES FOR ADULTS, AND REFERRALS TO A VARIETY OF SOCIAL SERVICES.
GANG PREVENTION: AS THE LEAD PROVIDER FOR THE CITY OF LA'S GANG REDUCTION & YOUTH DEVELOPMENT (GRYD) OLYMPIC ZONE, BRESEE PREVENTS OVER 100, 10-15 YEAR OLD YOUTH, MOST AT-RISK, FROM JOINING GANGS ANNUALLY. PROGRAMS INCLUDE INTENSIVE CASE MANAGEMENT, HIGH-QUALITY YOUTH DEVELOPMENT ACTIVITIES, AND FAMILY COUNSELING. IN ADDITION, THROUGH SUMMER NIGHT LIGHTS (SNL) BRESEE'S GRYD TEAM KEEPS LOCAL LA PARKS OPEN WITH SAFE ACTIVITIES DURING SUMMER MONTHS, INCLUDING FOOD DISTRIBUTION AND YOUTH DEVELOPMENT ACTIVITIES FOR OVER 300 YOUTH AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Orosco Board Chair | OfficerTrustee | 2 | $0 |
Maki Villacarillo Board Vice Chair | OfficerTrustee | 2 | $0 |
Heidi Feng Board Treasurer | OfficerTrustee | 2 | $0 |
Juan Fontenla Board Secretary | OfficerTrustee | 2 | $0 |
Craig Beatty Director | Trustee | 2 | $0 |
Tim Martin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $301,006 |
| Related organizations | $0 |
| Government grants | $2,727,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,525,868 |
| Noncash contributions included in lines 1a–1f | $110,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,554,652 |
| Total Program Service Revenue | $0 |
| Investment income | $13,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,646 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,535,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $380,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,042,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,228 |
| Payroll taxes | $191,100 |
| 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 | $318,904 |
| Advertising and promotion | $0 |
| Office expenses | $20,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,453 |
| Travel | $37,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,856 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,297 |
| Insurance | $45,220 |
| All other expenses | $10,785 |
| Total functional expenses | $4,312,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $750,772 |
| 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 | $44,542 |
| Net Land, buildings, and equipment | $1,750,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,782,070 |
| Accounts payable and accrued expenses | $204,810 |
| 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 | $204,810 |
| Net assets without donor restrictions | $3,145,402 |
| Net assets with donor restrictions | $431,858 |
| 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 | $3,782,070 |