Los Angeles Philanthropic Foundation
- Assets
- $3.8m
- Revenue
- $493.9k
- Investments
- $789.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1960
- Data as of
- 12/2023
- EIN
- 95-6048122
Organization Overview
Los Angeles Philanthropic Foundation is located in Los Angeles, CA. The organization was established in 1960. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Philanthropic 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 12/2023, Los Angeles Philanthropic Foundation generated $493.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $171.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Los Angeles Philanthropic Foundation has awarded 99 individual grants totaling $1,457,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENTS IN PRIVATELY ENDOWED COLLEGES AND UNIVERSITIES IN SOUTHERN CALIFORNIA THE RESOURCES REQUIRED TO SUCCEED IN HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIP FUNDS FOR STUDENTS ENROLLED IN PRIVATELY ENDOWED COLLEGES AND UNIVERSITIES IN SOUTHERN CALIFORNIA. SINCE 1951, THIS FOUNDATION HAS SERVED THOUSANDS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Timothy Philen President | OfficerTrustee | 4 | $0 |
James N Cantrell Vice President/finance | OfficerTrustee | 4 | $0 |
William E Nassour III Vice President/secretary | OfficerTrustee | 2 | $0 |
Wolfgang V Kupka Trustee | Trustee | 2 | $0 |
Nicholas R Hutzler PHD Trustee | Trustee | 2 | $0 |
Michael T Okabayashi CPA Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $119,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $374,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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. | $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 | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,706 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $171,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,470 |
| Savings and temporary cash investments | $19,950 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,969,446 |
| Investments—other securities | $789,007 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,784,873 |
| 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 | $3,784,873 |
| Total liabilities and net assets/fund balances | $3,784,873 |
Grants Awarded
Over the last fiscal year, Los Angeles Philanthropic Foundation has awarded $126,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SAINT MARYS COLLEGE PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
UNIVERSITY OF REDLANDS PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
PEPPERDINE UNIVERSITY PURPOSE: GRANTS FOR SCHOLARSHIPS | $17,000 |
POMONA COLLEGE PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: GRANTS FOR SCHOLARSHIPS | $17,000 |
HARVEY MUDD PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |