3200 Adams Holding Corp
- Assets
- $13.5m
- Revenue
- $950.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/2017
- Data as of
- 06/2021
- EIN
- 37-1824287
Organization Overview
3200 Adams Holding Corp is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. 3200 Adams Holding Corp 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 06/2021, 3200 Adams Holding Corp generated $950.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL FACILITIES FOR THE SCHOOLS OF STEM PREPARATORY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED JUNE 30, 2021 THE ORGANIZATION, THROUGH ITS SINGLE MEMBER LLCS, LEASED TWO EDUCATIONAL FACILITIES TO STEM PREPARATORY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Jackson Secretary | OfficerTrustee | 0.25 | $0 |
Ani Meymarian President | OfficerTrustee | 0.25 | $0 |
Emilio Pack CEO Stem Prep | Officer | 1 | $0 |
Eric Barlow COO Stem Prep | Officer | 1 | $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 | $950,940 |
| Investment income | $0 |
| 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 | $950,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,750 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $620,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $722,868 |
| Insurance | $6,030 |
| All other expenses | $431 |
| Total functional expenses | $1,618,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,583 |
| 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 | $22,002 |
| Net Land, buildings, and equipment | $12,993,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,775 |
| Total assets | $13,494,424 |
| Accounts payable and accrued expenses | $63,376 |
| 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 | $15,110,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $156,826 |
| Total liabilities | $15,331,019 |
| Net assets without donor restrictions | -$1,836,595 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,494,424 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 3200 Adams Holding Corp has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cause Communications Los Angeles, CA | $1,679,573 | $7,838,789 |
Henderson Family Foundation A California Charitable Organization Burlingame, CA | $111,333,025 | $137,987,606 |
Childrens Initiative San Diego, CA | $3,333,433 | $3,356,719 |
3200 Adams Holding Corp Los Angeles, CA | $13,494,424 | $950,940 |
Gvngorg Beverly Hills, CA | $461,558 | $999,295 |
Arizona Grantmakers Forum Phoenix, AZ | $0 | $309,042 |
League Of California Community Foundations Sonora, CA | $1,702,745 | $954,379 |
La-Tech Org Santa Monica, CA | $413,917 | $840,684 |
Cornerstone Ondemand Foundation Santa Monica, CA | $241,025 | $470,878 |
Transformational Opportunities Inc Prescott Valley, AZ | $130,151 | $365,740 |
Irwindale Community Foundation Irwindale, CA | $25,724 | $260,000 |
Louis And Arlene Navias Foundation La Jolla, CA | $801,942 | $490,809 |