Alice G Harrison Memorial Trust
- Assets
- $1.1m
- Revenue
- $94.5k
- Investments
- $1.0m
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 04/1962
- Data as of
- 06/2020
- EIN
- 95-6074647
Organization Overview
Alice G Harrison Memorial Trust is located in Los Angeles, CA. The organization was established in 1962. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alice G Harrison Memorial Trust 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, Alice G Harrison Memorial Trust generated $94.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $89.0k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ALICE G. HARRISON MEMORIAL TRUST IS FOR THE BENEFIT OF LOS ANGELES HIGH SCHOOL, A PUBLIC HIGH SCHOOL. THE TRUST ONLY SUPPLEMENTS SOME OF THE SCHOOL ACTIVITIES FROM THE INCOME EARNED AND INVESTMENT INCOME. THERE IS AN ANNUAL SCHOOL BUDGET FOR THE EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOS ANGELES HIGH SCHOOL STUDENTS WERE AWARDED SCHLARSHIPS DURING THE FISCAL YEAR. THE TRUST SUPPORTED THE VARIOUS EDUCATIONAL PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Joyce Kleifield Directordevelopment Officer | Officer | 36 | $27,000 |
Dr Eve Sherman Trustee | Trustee | 1 | $0 |
Dr David Meyer Trustee | Trustee | 1 | $0 |
Mr Jeffrey Donfeld Trustee | Trustee | 1 | $0 |
Mr Bruce Corwin President | Trustee | 1 | $0 |
Mr John Hall Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,841 |
| Investment income | $38,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,000 |
| 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 | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| 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 | $1,276 |
| All other expenses | $0 |
| Total functional expenses | $89,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,283 |
| Savings and temporary cash investments | $22,373 |
| 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 | $1,033,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,419 |
| 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 | $1,056,136 |
| Total liabilities and net assets/fund balances | $1,057,419 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alice G Harrison Memorial Trust has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of Orange County Irvine, CA PURPOSE: DONATION | $6,000 |
Flourish Foundation Los Angeles, CA PURPOSE: TO SUPPORT LAHS'S GET LIT POETRY CLUB. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |