Los Angeles Alliance For A New Economy
- Assets
- $6.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 57
- Location
- Los Angeles, CA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 95-4459427
Organization Overview
Los Angeles Alliance For A New Economy is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Los Angeles Alliance For A New Economy employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Alliance For A New Economy 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 12/2021, Los Angeles Alliance For A New Economy generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Los Angeles Alliance For A New Economy has awarded 13 individual grants totaling $952,463. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOS ANGELES ALLIANCE FOR A NEW ECONOMY (LAANE) IS A LEADING ADVOCACY ORGANIZATION DEDICATED TO BUILDING A NEW ECONOMY FOR ALL. COMBINING DYNAMIC RESEARCH, INNOVATIVE PUBLIC POLICY, AND THE ORGANIZING OF BROAD ALLIANCES, LAANE PROMOTES A NEW ECONOMIC APPROACH BASED ON GOOD JOBS, THRIVING COMMUNITIES, AND A HEALTHY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Easton Project Director | 40 | $121,600 | |
Roxana Tynan Executive Director | Officer | 40 | $104,333 |
James Elmendorf Project Director | 40 | $100,999 | |
Yomara Arrivillaga Finance Director | Officer | 40 | $95,000 |
Kent Wong President/secretary | OfficerTrustee | 2 | $0 |
John Grant Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $593,093 |
| Related organizations | $0 |
| Government grants | $467,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,557,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,618,406 |
| Total Program Service Revenue | $142,842 |
| Investment income | $1,941 |
| 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 | $4,763,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $779,773 |
| 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. | $253,966 |
| Compensation of current officers, directors, key employees. | $19,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,402,041 |
| Pension plan accruals and contributions | $61,985 |
| Other employee benefits | $352,821 |
| Payroll taxes | $199,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,375 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $42,630 |
| Fees for services: Fundraising | $26,666 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,006 |
| Advertising and promotion | $0 |
| Office expenses | $63,504 |
| Information technology | $8,641 |
| Royalties | $0 |
| Occupancy | $76,993 |
| Travel | $8,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,984 |
| All other expenses | $22,831 |
| Total functional expenses | $4,483,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,295,583 |
| Savings and temporary cash investments | $3,986,383 |
| Pledges and grants receivable | $1,240,725 |
| 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 | $57,514 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,200 |
| Total assets | $6,601,051 |
| Accounts payable and accrued expenses | $148,804 |
| Grants payable | $201,492 |
| 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 | $1,964,193 |
| Total liabilities | $2,314,489 |
| Net assets without donor restrictions | $2,022,190 |
| Net assets with donor restrictions | $2,264,372 |
| 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 | $6,601,051 |
Grants Awarded
Over the last fiscal year, Los Angeles Alliance For A New Economy has awarded $767,463 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO FACILITATE SUPPORTING ORGANIZATION'S TAX EXEMPT PURPOSE | $300,000 |
Los Angeles, CA PURPOSE: TO BUILD CLIMATE RESILIENCE AND GOOD JOBS FOR LOS ANGELES. | $200,000 |
Los Angeles, CA PURPOSE: TO FACILITATE SUPPORTING ORGANIZATION'S TAX EXEMPT PURPOSE | $105,200 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: TO FACILITATE SUPPORTING ORGANIZATION'S TAX EXEMPT PURPOSE | $88,200 |
Oakland, CA PURPOSE: TO RESEARCH AND ORGANIZE POLICY TOOLS TO ENGAGE CLERGY COMMUNITY. | $40,000 |
Los Angeles, CA PURPOSE: TO FACILITATE SUPPORTING ORGANIZATION'S TAX EXEMPT PURPOSE | $24,063 |
Grants Recieved
Over the last fiscal year, we have identified 42 grants that Los Angeles Alliance For A New Economy has recieved totaling $5,027,224.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $1,002,000 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT LA COUNTY ESSENTIAL WORKERS | $550,000 |
James Irvine Foundation San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $350,000 |
Marguerite Casey Foundation Seattle, WA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $325,000 |
Fwdus Education Fund Inc Washington, DC PURPOSE: IMMIGRATION EDUCATION GRANT | $295,000 |
Powerswitch Action Oakland, CA PURPOSE: CA/Worker Org, Climate, WMTC | $265,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Primary Care Association Sacramento, CA | $11,309,164 | $14,655,608 |
Homeless Prenatal Program Inc San Francisco, CA | $24,624,994 | $19,931,597 |
Ufw Foundation Los Angeles, CA | $8,010,755 | $14,069,050 |
Native Health Phoenix, AZ | $14,068,043 | $20,218,525 |
Access To Healthcare Network Inc Reno, NV | $8,319,862 | $17,490,060 |
Working Partnerships Usa San Jose, CA | $7,685,088 | $14,971,452 |
Memorial Medical Center Foundation Long Beach, CA | $273,488,586 | $15,793,957 |
Easterseals Northern California Walnut Creek, CA | $3,933,873 | $11,091,029 |
Shanti Project Inc San Francisco, CA | $6,364,268 | $9,428,062 |
Southwest Center For Hiv Aids Inc Phoenix, AZ | $6,283,391 | $8,911,726 |
Wise & Healthy Aging Santa Monica, CA | $17,748,628 | $9,360,563 |
St Rose Dominican Health Foundation Henderson, NV | $36,096,115 | $10,733,038 |