Los Angeles Parks Foundation
- Assets
- $5.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-2358338
Organization Overview
Los Angeles Parks Foundation is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Los Angeles Parks Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Parks 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 12/2022, Los Angeles Parks Foundation generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Los Angeles Parks Foundation has awarded 13 individual grants totaling $1,400,084. 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
TO ENHANCE, EXPAND, PRESERVE AND PROMOTE PUBLIC RECREATION, PARKS AND OPEN SPACE FOR THE DIVERSE PEOPLE OF LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"SPECIAL PROJECTS PROGRAMS" SUPPORTING THE LOS ANGELES CITY PARKS INCLUDE THE FOLLOWING SIGNIFICANT PROJECTS: LOS ANGELES CLIPPERS BASKETBALL COURTS REFURBISHMENT; NIKE COACH AND REFEREE TRAINING FOR GIRLS YOUTH SPORTS; WERNER FAMILY FOUNDATION PLAYGROUND DONATION.
OTHER PROGRAMS - SEE SCHEDULE O DESCRIPTION
THE FRIENDS OF THE PARKS PROGRAM INVITES THE COMMUNITY TO CONTRIBUTE TO THEIR LOCAL PARK WITH FUNDS DIRECTED TOWARDS ACTIVITIES INCLUDING SPORTS COURT REFURBISHING; YOUTH ATHLETIC SCHOLARSHIPS, EQUIPMENT, AND UNIFORMS; HOLIDAY EVENTS AND SENIOR PROGRAMMING; AND NEW ADDITIONS TO PARKS LIKE FENCING, WATER FOUNTAINS, AND WALKING PATHS.
THE ADOPT A PARK PROGRAM PARTNERS WITH LOCAL BUSINESSES, FAMILY FOUNDATIONS, SCHOOLS, AND CORPORATE BRANDS WHO INVEST $25,000 OR MORE DURING A YEAR TO MEET IDENTIFIED NEEDS THAT CAN DIRECTLY BENEFIT A CITY PARK. PAST PROJECTS FUNDED BY PARK ADOPTIONS INCLUDE A BASKETBALL COURT AND BASEBALL DIAMOND RESURFACING, FUNDING FOR SPORTS EQUIPMENT AND YOUTH SCHOLARSHIPS, PROGRAM FUNDING FOR DANCE AND FITNESS CLASSES, PARK BENCHES, WATER FOUNTAINS, AND OTHER NEEDED IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Ramsay Director, Exec Dir, Secretary | OfficerTrustee | 35 | $146,907 |
Justin Yoshimaru Deputy Director | 40 | $105,000 | |
David Galaviz Director | Trustee | 1 | $0 |
David Mcgowan Director, Treasurer | OfficerTrustee | 1 | $0 |
Barry A Sanders Director | Trustee | 1 | $0 |
Denise Booth Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roy's Flooring Flooring Services | 12/30/19 | $1,860,899 |
Child's Play Commercial Playgroun | 12/30/19 | $1,053,689 |
Commercial Paving Coating Asphalt & Concrete | 12/30/19 | $1,250,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,680 |
| Related organizations | $0 |
| Government grants | $62,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,970,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,182,011 |
| Total Program Service Revenue | $0 |
| Investment income | $46,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,492 |
| Net Income from Fundraising Events | -$27,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,209,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $830,757 |
| 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. | $146,907 |
| Compensation of current officers, directors, key employees. | $32,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,419 |
| Payroll taxes | $30,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,035,305 |
| Advertising and promotion | $54,289 |
| Office expenses | $40,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,856 |
| Interest | $54 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,393 |
| Insurance | $24,968 |
| All other expenses | $82,938 |
| Total functional expenses | $3,448,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $838,707 |
| 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 | $3,551 |
| Prepaid expenses and deferred charges | $3,946 |
| Net Land, buildings, and equipment | $55,426 |
| Investments—publicly traded securities | $4,705,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,303 |
| Total assets | $5,614,340 |
| Accounts payable and accrued expenses | $309,508 |
| 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 | $7,303 |
| Total liabilities | $316,811 |
| Net assets without donor restrictions | $1,707,479 |
| Net assets with donor restrictions | $3,590,050 |
| 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 | $5,614,340 |
Grants Awarded
Over the last fiscal year, Los Angeles Parks Foundation has awarded $809,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LOS ANGELES DEPT OF RECREATION & PARKS PURPOSE: Donor-funded staff position to run a city-wide program for youth athletics in communities of need. | $370,000 |
SMG DBA THE GREEK THEATRE PURPOSE: To fund improvements to the Greek Theater, an outdoor concert venue located in and operated by Griffith Park | $389,600 |
THE TRUST FOR PUBLIC LAND PURPOSE: support of a city park bond measure on the November ballot | $50,000 |