L A Shares
- Assets
- $380.6k
- Revenue
- $486.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Marina Del Rey, CA
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 95-4435979
Organization Overview
L A Shares is located in Marina Del Rey, CA. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, L A Shares employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L A Shares 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 12/2022, L A Shares generated $486.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $493.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 4 years. 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
LA SHARES IS A NON- PROFIT MATERIALS REUSE PROGRAM, WHICH TAKES DONATIONS FROM LOCAL BUSINESS COMMUNITY OF REUSABLE GOODS AND MATERIALS (NEW AND USED) AND REDISTRIBUTES THESE ITEMS FREE OF CHARGE TO NON-PROFIT ORGANIZATIONS AND SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 L.A. SHARES REDISTRIBUTED DUE TO COVID ONLY $219,068 WORTH OF GOODS AND MATERIALS ESTABLISHED IN 1993. L.A. SHARES HAS GIVEN AWAY MORE THAT $122 MILLION WORTH OF GOODS TO OVER 2,500 LOS ANGELES NON PROFIT ORGINIZATIONS AND SCHOOLS.L.A.SHARES HAS BEEN RECOGNIZED BY THE US ENVIRONMENTAL PROTECTION AGENCY, THE WHITE HOUSE TASK FORCE ON RECYCLING AND THE U.S. DEPTARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR ITS OUTSTANDING ENVIRONMENTAL ACHIEVEMENT. CONSEQUENTLY, L.A.SHARES IS HOW USED AS "MODEL" PROGRAM FOR SIMILAR MATERIALS REUSE EFFORTS THROUGHOUT THE COUNTRY.L.A.SHARES HAS HELPED MORE THAN 2,500 ORGANIZATIONS AND SCHOOLS THROUGHOUT LOS ANGELES COUNTY INCLUDING BOYS AND GIRLS CLUBS OF AMERICA, ORGANIZATION FOR THE NEEDS OF THE EDERLY, HABITAT FOR HUMANITY, INNER CITY CULTERAL CENTER, UNION RESCUE MISSION, ANGELES GIRL SCOUT COUNCIL, THE SAN FERNANDO VALLEY CHILD......
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bendik Executive Dir. | OfficerTrustee | 40 | $106,962 |
Michael D Berk ESQ Treasurer | OfficerTrustee | 1 | $0 |
Jane Blumenfeld Secretary | OfficerTrustee | 5 | $0 |
Laurie Saffian Board President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,485 |
| Noncash contributions included in lines 1a–1f | $200,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,212 |
| Total Program Service Revenue | $0 |
| Investment income | $59 |
| 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 | $486,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,485 |
| 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. | $106,962 |
| Compensation of current officers, directors, key employees. | $26,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,538 |
| Fees for services: Accounting | $6,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,800 |
| Advertising and promotion | $0 |
| Office expenses | $10,483 |
| Information technology | $2,753 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125 |
| Insurance | $5,357 |
| All other expenses | $0 |
| Total functional expenses | $493,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,897 |
| 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 | $27,549 |
| Net Land, buildings, and equipment | $169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,026 |
| Other assets | $4,586 |
| Total assets | $380,591 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $380,591 |
| Total liabilities and net assets/fund balances | $380,591 |