Friends Of The League Foundation
- Assets
- $37.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2012
- Data as of
- 06/2021
- EIN
- 46-1199133
Organization Overview
Friends Of The League Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, 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. Friends Of The League 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 06/2021, Friends Of The League Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. 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
THE FOUNDATION WAS ESTABLISHED FOR THE EXCLUSIVE BENEFIT OF THE ASSISTANCE LEAGUE(R) OF LOS ANGELES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE LEAGUE FOUNDATION (THE "FOUNDATION") WAS ESTABLISHED FOR THE EXCLUSIVE BENEFIT OF THE ASSISTANCE LEAGUE(R) OF LOS ANGELES (THE "LEAGUE"). THE FOUNDATION RECEIVES FUNDS FROM THE LEAGUE AND THESE FUNDS ARE INVESTED WITH A PORTION DISTRIBUTED ANNUALLY, WHEN NEEDED, TOTHE LEAGUE ACCORDING TO A SPENDING PLAN, WHICH WILL BE USED TO OFFSET ADMINISTRATIVE COSTS SO THAT LEAGUE FUNDRAISING CAN DIRECTLY BENEFIT THE SERVICES OF THE LEAGUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Nasatir Board Secretary | OfficerTrustee | 1 | $0 |
Sally Hinckley Board President | OfficerTrustee | 1 | $0 |
Andrea Goodman Board Treasurer | OfficerTrustee | 1 | $0 |
Floran Fowkes Director | Trustee | 1 | $0 |
Kathryn L Russell Director | Trustee | 1 | $0 |
Anne Page Director (to Jan 21) | Trustee | 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 | $0 |
| Investment income | $846,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,695,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,542,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000,000 |
| 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 | $1,921 |
| Fees for services: Accounting | $23,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $250,463 |
| Fees for services: Other | $24,425 |
| 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 | $5,722 |
| All other expenses | $651 |
| Total functional expenses | $6,307,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,790 |
| Savings and temporary cash investments | $2,160,204 |
| 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 | $6,780 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,951,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,171,051 |
| Accounts payable and accrued expenses | $9,000 |
| 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 | $9,000 |
| Net assets without donor restrictions | $37,162,051 |
| 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 | $37,171,051 |
Grants Awarded
Over the last fiscal year, Friends Of The League Foundation has awarded $593,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: Offset admin costs of Assistance League of Los Angeles | $553,000 |
Los Angeles, CA PURPOSE: To help sponsor a documentary about Assistance League of Los Angeles | $40,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Southern California 211 Rancho Cucamonga, CA | $35,276,725 | $16,544,865 |
Oneoc Santa Ana, CA | $7,980,491 | $12,215,954 |
Friends Of The League Foundation Los Angeles, CA | $37,171,051 | $3,542,598 |
My Good Deed Irvine, CA | $380,655 | $5,112,024 |
Volunteer Center Of Santa Cruz County Santa Cruz, CA | $1,597,747 | $4,311,993 |
Jesuit Volunteer Corps Northwest Milwaukie, OR | $4,158,083 | $4,336,548 |
Nevada Volunteers Sparks, NV | $397,273 | $3,449,463 |
Learningquest-Stanislaus Literacy Centers Modesto, CA | $843,128 | $2,440,964 |
Volunteer Center Of Sonoma County Santa Rosa, CA | $0 | $2,347,814 |
Hands On Central California Fresno, CA | $361,838 | $1,521,588 |
Volunteer Center South Bay Harbor Long Beach Torrance, CA | $2,667,906 | $1,113,347 |
Universalgiving Menlo Park, CA | $4,285,825 | $1,537,585 |