Friends Of Palms Middle School
- Assets
- $202.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 95-4267790
Organization Overview
Friends Of Palms Middle School is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Palms Middle School 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, Friends Of Palms Middle School generated $49.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $35.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
APPROXIMATELY 1,700 STUDENTS AT PALMS MIDDLE SCHOOL BENEFITTED FROM THE EDUCATIONAL ENRICHMENT PROGRAMS THAT WE SUPPORT INLCUDING ART PROGRAMS, CAMPS, FIELDTRIPS, EXPANDED LIBRARY HOURS, EQUIPMENT, FACILITY IMPROVEMENTS, SECURITY AND EXPANDED TEACHER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Hahm Treasurer | 2 | $0 | |
Stacy Shortt President & CEO | 3 | $0 | |
Elizabeth Velasco Vice President | 2 | $0 | |
Sarah Soakai Director / Ptsa | 2 | $0 | |
Mark Israel Director | 2 | $0 | |
Chris Lawrence Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,719 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,738 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,949 |
| Total expenses | $35,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $196,733 |
| Other assets | $0 |
| Total assets | $202,084 |
| Total liabilities | $0 |
| Net assets or fund balances | $202,084 |