The Los Angeles Coalition For The Economy & Jobs
- Assets
- $88.7k
- Revenue
- $332.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-4589086
Organization Overview
The Los Angeles Coalition For The Economy & Jobs is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Coalition For The Economy & Jobs 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 Coalition For The Economy & Jobs generated $332.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $409.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Goldsmith Director, Chairman | OfficerTrustee | 1 | $0 |
Gary J Freedman Director, Treasurer | OfficerTrustee | 1 | $0 |
Elise Buik Director | Trustee | 0.25 | $0 |
Andrew Clare Director | Trustee | 0.25 | $0 |
Art Gastelum Director | Trustee | 0.5 | $0 |
Mel Levine Director | Trustee | 0.25 | $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 | $332,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,500 |
| Total Program Service Revenue | $0 |
| 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 | $332,500 |
| 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. | $330,912 |
| Compensation of current officers, directors, key employees. | $49,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $456 |
| Fees for services: Accounting | $4,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,746 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,669 |
| 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 | $7,529 |
| All other expenses | $4,163 |
| Total functional expenses | $409,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,676 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,676 |
| 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 | $88,676 |
| 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 | $88,676 |
Grants Awarded
Over the last fiscal year, The Los Angeles Coalition For The Economy & Jobs has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS PHILANTHROPIC FDN PURPOSE: NEXT GENERATION SCIENCE STANDARDS PILOT PROGRAM | $10,000 |
CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS PHILANTHROPIC FDN PURPOSE: NEXT GENERATION SCIENCE STANDARDS POST PILOT TRAINING PROGRAM | $50,000 |
CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS PHILANTHROPIC FDN PURPOSE: CYBERSECURITY | $10,000 |
COMMUNITY PARTNERS PURPOSE: SAFE PARKING PROGRAM AT THE L.A. CONVENTION CENTER FOR SIX MONTHS | $30,000 |