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PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER AND LIFE.WORKING THROUGH A NETWORK OF HIGH-PERFOMING,COMMUNITY-BASED SCHOOLS AND A PORTFOLIO OF PROGRAMS THAT REACH STUDENTS THROUGHOUT LA COUNTY,THE LA PROMISE FUND CREATES VIBRANT COMMUNITY HUBS AND PARTNERSHIPS THAT FOSTER MOTIVATED,ENGAGED, AND DIRECTED STUDENTS POISED FOR ACADEMIC, PROFESSIONAL, AND PERSONAL SUCCESS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$19.5M
Program Spending
78%
of total expenses go to program services
Total Contributions
$18.1M
Total Expenses
▼$15.9M
Total Assets
$49.9M
Total Liabilities
▼$40.4M
Net Assets
$9.6M
Officer Compensation
→$663K
Other Salaries
$7.3M
Investment Income
$875.7K
Fundraising
▼$638K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$9.8M
Awards Found
4
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | BLACK COLLEGE SUCCESS INITIATIVE | $4M | FY2022 | Dec 2021 – Dec 2026 | Open → |
| Department of Education | MEDIA ARTSMATTER 2.0: A MEDIA ARTS INTEGRATION PROGRAM SERVING FIVE MIDDLE- AND HIGH-SCHOOLS IN SOUTH LOS ANGELES. | $3.4M | FY2022 | Oct 2021 – Sep 2026 | Open → |
| Department of Education | MEDIA ARTSMATTER | $2.4M | FY2019 | Oct 2018 – Sep 2022 | Open → |
| National Endowment for the Arts | PURPOSE: TO SUPPORT A MEDIA ARTS EDUCATION RESIDENCY FOR YOUTH. | $20K | FY2026 | Jul 2026 – Jun 2028 | Open → |
Department of Education
$3.4M
MEDIA ARTSMATTER 2.0: A MEDIA ARTS INTEGRATION PROGRAM SERVING FIVE MIDDLE- AND HIGH-SCHOOLS IN SOUTH LOS ANGELES.
National Endowment for the Arts
$20K
PURPOSE: TO SUPPORT A MEDIA ARTS EDUCATION RESIDENCY FOR YOUTH.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
7
Clean Audits
7
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $2.6M | Yes | 2026-03-09 |
| 2024 | Clean | Unmodified (Clean) | $2.9M | Yes | 2025-01-13 |
| 2023 | Clean | Unmodified (Clean) | $2.3M | Yes | 2024-03-18 |
| 2022 | Clean | Unmodified (Clean) | $2.3M | Yes | 2023-02-23 |
| 2021 | Clean | Unmodified (Clean) | $1.6M | No | 2021-12-20 |
| 2020 | Clean | Unmodified (Clean) | $1.2M | No | 2020-11-11 |
| 2018 | Clean | Unmodified (Clean) | $882.4K | No | 2018-10-22 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$882.4K
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $19.5M | $18.1M | $15.9M | $49.9M | $9.6M |
| 2022IRS e-File | $13.7M | $14.8M | $15.3M | $48.2M | $6M |
| 2021 | $12.9M | $12.7M | $10.8M | $9M | $6.4M |
| 2020 | $12M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Veronica Melvin | Ceo/president | 40 | $269.8K | $0 | $38.5K | $308.4K |
| Edgar Campos | Chief Advancement Officer (starter 3/25/24) | 40 | $0 | $0 | $0 | $0 |
| Ron Fernando | CFO (started 4/4/24) | 40 | $0 | $0 | $0 | $0 |
| Dean Hallett | Treasurer | 4 | $0 | $0 | $0 | $0 |
| Donnel Beverly | Co-chair | 8 | $0 | $0 | $0 | $0 |
| Elizabeth Mann | Secretary | 8 | $0 | $0 | $0 | $0 |
| Stephen Prough | Co-chair | 8 | $0 | $0 | $0 | $0 |
Veronica Melvin
Ceo/president
$308.4K
Hrs/Wk
40
Compensation
$269.8K
Related Orgs
$0
Other
$38.5K
Edgar Campos
Chief Advancement Officer (starter 3/25/24)
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Ron Fernando
CFO (started 4/4/24)
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Dean Hallett
Treasurer
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Donnel Beverly
Co-chair
$0
Hrs/Wk
8
Compensation
$0
Related Orgs
$0
Other
$0
Elizabeth Mann
Secretary
$0
Hrs/Wk
8
Compensation
$0
Related Orgs
$0
Other
$0
Stephen Prough
Co-chair
$0
Hrs/Wk
8
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ibert Schultz | Exec Dir Of Black College Success | 40 | $211K | $0 | $27.2K | $238.1K |
| Liliana Vasquez | COO | 40 | $154.6K | $0 | $13.6K | $168.3K |
| Donna Jacobson | Chief Academic Officer (7/1/23-9/30/23) | 40 | $133.6K | $0 | $13.6K | $147.2K |
| Kyle Miller | Chief Strategic Officer (7/1/23-9/30/23) | 40 |
Ibert Schultz
Exec Dir Of Black College Success
$238.1K
Hrs/Wk
40
Compensation
$211K
Related Orgs
$0
Other
$27.2K
Liliana Vasquez
COO
$168.3K
Hrs/Wk
40
Compensation
$154.6K
Related Orgs
$0
Other
$13.6K
Donna Jacobson
Chief Academic Officer (7/1/23-9/30/23)
$147.2K
Hrs/Wk
40
Compensation
$133.6K
Related Orgs
$0
Other
$13.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ali Powell | Director | 4 | $0 | $0 | $0 | $0 |
| Alison Temple | Director | 4 | $0 | $0 | $0 | $0 |
| Amit Verma | Director | 4 | $0 | $0 | $0 | $0 |
| Brian Mcnamee | Director | 4 | $0 | $0 | $0 | $0 |
| Cathy Bender | Director | 4 | $0 | $0 | $0 | $0 |
| Danielle Vick | Director | 8 |
Ali Powell
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Alison Temple
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Amit Verma
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
| $12M |
| $11.2M |
| $7.7M |
| $4.3M |
| 2019 | $9.3M | $9.3M | $8.6M | $5.2M | $3.6M |
| 2018 | $8.2M | $8.2M | $7.4M | $3.8M | $2.9M |
| 2017 | $5.1M | $5M | $5.8M | $2.9M | $2.1M |
| 2016 | $3.7M | $3M | $3M | $3.2M | $2.7M |
| 2015 | $4M | $2.7M | $3.1M | $1.8M | $1.5M |
| 2014 | $2.9M | $2.9M | $2.7M | $826.6K | $607.6K |
| 2013 | $3.1M | $3.1M | $3.4M | $575.3K | $390.4K |
| 2012 | $3M | $3M | $3.6M | $978.2K | $750.3K |
| 2011 | $2.7M | $2.7M | $2.8M | $1.6M | $1.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| $122.8K |
| $0 |
| $14.4K |
| $137.2K |
| Darla Vance | Principal | 40 | $119.2K | $0 | $12.7K | $131.9K |
| Zeidy Revolorio | Principal | 40 | $120.4K | $0 | $8,370 | $128.8K |
| Leslie Tresun | Director Of Grants Management | 40 | $104.2K | $0 | $13.7K | $117.9K |
Kyle Miller
Chief Strategic Officer (7/1/23-9/30/23)
$137.2K
Hrs/Wk
40
Compensation
$122.8K
Related Orgs
$0
Other
$14.4K
Darla Vance
Principal
$131.9K
Hrs/Wk
40
Compensation
$119.2K
Related Orgs
$0
Other
$12.7K
Zeidy Revolorio
Principal
$128.8K
Hrs/Wk
40
Compensation
$120.4K
Related Orgs
$0
Other
$8,370
Leslie Tresun
Director Of Grants Management
$117.9K
Hrs/Wk
40
Compensation
$104.2K
Related Orgs
$0
Other
$13.7K
| $0 |
| $0 |
| $0 |
| $0 |
| Fernando Fernandez | Director | 8 | $0 | $0 | $0 | $0 |
| Frank Marshall | Director | 4 | $0 | $0 | $0 | $0 |
| Ivelisse Estrada | Director | 4 | $0 | $0 | $0 | $0 |
| Jaime Uzeta | Director | 4 | $0 | $0 | $0 | $0 |
| Kathleen Kennedy | Director | 4 | $0 | $0 | $0 | $0 |
| Leo Medina | Director (started 6/20/24) | 4 | $0 | $0 | $0 | $0 |
| Megan Chernin | Director | 4 | $0 | $0 | $0 | $0 |
| Melissa Stephens | Director | 4 | $0 | $0 | $0 | $0 |
| Molly Park | Director (started 6/20/24) | 4 | $0 | $0 | $0 | $0 |
| Paul Debernier | Director | 4 | $0 | $0 | $0 | $0 |
| Peter Jarowey | Director | 4 | $0 | $0 | $0 | $0 |
| Russell Westbrook | Director | 4 | $0 | $0 | $0 | $0 |
| Simon Osborn | Director | 4 | $0 | $0 | $0 | $0 |
| Tanesha Duncan | Director | 4 | $0 | $0 | $0 | $0 |
Brian Mcnamee
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Cathy Bender
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Danielle Vick
Director
$0
Hrs/Wk
8
Compensation
$0
Related Orgs
$0
Other
$0
Fernando Fernandez
Director
$0
Hrs/Wk
8
Compensation
$0
Related Orgs
$0
Other
$0
Frank Marshall
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Ivelisse Estrada
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Jaime Uzeta
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Kennedy
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Leo Medina
Director (started 6/20/24)
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Megan Chernin
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Melissa Stephens
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Molly Park
Director (started 6/20/24)
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Paul Debernier
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Peter Jarowey
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Russell Westbrook
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Simon Osborn
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Tanesha Duncan
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0