Los Angeles Alliance For A New Economy
- Assets
- $9.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 46
- Location
- Los Angeles, CA
- Founding
- 03/1998
- Data as of
- 12/2022
- 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 12/2022, Los Angeles Alliance For A New Economy employed 46 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 12/2022, Los Angeles Alliance For A New Economy generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 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 17 individual grants totaling $1,321,463. 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
2022
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Grant Chair | OfficerTrustee | 2 | $0 |
Kurt Peterson Board Member | Trustee | 2 | $0 |
Kent Wong President/secretary | OfficerTrustee | 2 | $0 |
Peter Dreier Board Member | Trustee | 2 | $0 |
Neidi Dominguez Board Member | Trustee | 2 | $0 |
Eddie Iny Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $882,660 |
| Related organizations | $0 |
| Government grants | $5,218,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,100,867 |
| Total Program Service Revenue | $142,823 |
| Investment income | $6,786 |
| 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 | $6,250,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $409,075 |
| 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. | $255,635 |
| Compensation of current officers, directors, key employees. | $21,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,347,044 |
| Pension plan accruals and contributions | $65,439 |
| Other employee benefits | $283,318 |
| Payroll taxes | $203,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,778 |
| Fees for services: Accounting | $24,623 |
| Fees for services: Lobbying | $46,936 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,769 |
| Advertising and promotion | $0 |
| Office expenses | $118,574 |
| Information technology | $15,893 |
| Royalties | $0 |
| Occupancy | $78,304 |
| Travel | $13,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,003 |
| All other expenses | $2,530 |
| Total functional expenses | $4,132,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,647,463 |
| Savings and temporary cash investments | $5,544,001 |
| Pledges and grants receivable | $1,173,087 |
| 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 | $119,842 |
| 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 | $21,304 |
| Total assets | $9,517,343 |
| Accounts payable and accrued expenses | $209,679 |
| Grants payable | $14,509 |
| 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 | $2,888,336 |
| Total liabilities | $3,112,524 |
| Net assets without donor restrictions | $2,668,121 |
| Net assets with donor restrictions | $3,736,698 |
| 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 | $9,517,343 |
Grants Awarded
Over the last fiscal year, Los Angeles Alliance For A New Economy has awarded $369,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLUE-LA PURPOSE: TO RESEARCH AND ORGANIZE POLICY TOOLS TO ENGAGE CLERGY COMMUNITY. | $10,000 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: PROMOTING WORKER ENGAGEMENT IN PUBLIC HEALTH COUNCILS IN LOS ANGELES. | $75,000 |
SO CALIFORNIA COALITION FOR OCCUPATIONAL SAFETY & HEALTH CMTY PARTNERS PURPOSE: TO WORK COLLABORATIVELY WITH LAANE TO SUPPORT THE WORK ON PUBLIC HEALTH COUNCILS IN LA COUNTY. | $134,000 |
KOREAN IMMIGRANT WORKERS ADVOCATES OF SOUTHERN CALIFORNIA PURPOSE: PROMOTING WORKER ENGAGEMENT IN PUBLIC HEALTH COUNCILS IN LOS ANGELES. | $150,000 |