Los Angeles Minerva Foundation
- Assets
- $1.1m
- Revenue
- $141.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1999
- Data as of
- 06/2020
- EIN
- 95-4694129
Organization Overview
Los Angeles Minerva Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Minerva 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 06/2020, Los Angeles Minerva Foundation generated $141.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $28.2k during the year ending 06/2020. While expenses have increased by 4.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES ASSISTANCE AND SUPPORT THROUGH ESTABLISHED PORGRAMS IN LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, INSURANCE, OFFICE EXPENSE, ACCOUNTING AND OCCUPANCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Monroe Secretary | OfficerTrustee | 5 | $0 |
Sharee Gordon President | Officer | 10 | $0 |
Donna Smith Vice President | Officer | 5 | $0 |
Sherry Smith CFO | Officer | 5 | $0 |
Kemba Miles Board Mbr | Trustee | 5 | $0 |
Karen Evans Board Mbr | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $141,378 |
| 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 | $141,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,363 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70 |
| 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 | $0 |
| Insurance | $916 |
| All other expenses | $0 |
| Total functional expenses | $28,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,033,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,056,065 |
| 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 |
| Total liabilities and net assets/fund balances | $1,056,065 |
Grants Awarded
Over the last fiscal year, Los Angeles Minerva Foundation has awarded $159,198 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FORTITUDE FOUNDATION PURPOSE: Provide housing assistance to needy individual and families. | $140,877 |
Los Angeles, CA PURPOSE: Education activities and addressing issues through group dialogues. | $18,321 |
Endowment Analysis
| Beg. Balance | $326,072 |
| Ending Balance | $326,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bayview Hunters Point Foundation San Francisco, CA | $2,481,067 | $10,177,517 |
Price Charities La Jolla, CA | $164,280,959 | $10,990,716 |
The A21 Campaign Inc Santa Ana, CA | $5,387,763 | $11,083,951 |
Mind Oc Irvine, CA | $53,343,760 | $16,090,055 |
Pomeroy Recreation And Rehabilitation Center San Francisco, CA | $31,085,839 | $13,480,522 |
University Muslim Medical Association Inc Los Angeles, CA | $12,401,964 | $10,854,261 |
Friendly House Inc Phoenix, AZ | $7,870,507 | $9,211,511 |
St Vincent De Paul Society San Rafael, CA | $12,909,798 | $10,000,754 |
Safe Place For Youth Marina Del Rey, CA | $3,604,581 | $8,768,590 |
Marthas Kitchen San Jose, CA | $10,899,790 | $10,032,093 |
Ho Ola Lahui Hawaii Lihue, HI | $5,116,991 | $9,754,999 |
Community Action Of Napa Valley Napa, CA | $6,369,464 | $9,725,210 |