Los Angeles Challenge Corporation
- Assets
- $472.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Torrance, CA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 47-0864273
Organization Overview
Los Angeles Challenge Corporation is located in Torrance, CA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Challenge Corporation 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 12/2023, Los Angeles Challenge Corporation generated $165.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $140.8k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED ACADEMIC SCHOLARSHIPS TO PARTIALLY FUND TUITION AND REGISTRATION FOR 31 STUDENTS IN ELEMENTARY THROUGH HIGH SCHOOL WHO MET OUR FINANCIAL NEED CRITERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Addleman Vice President | 2 | $0 | |
Greg Alessandra President | 5 | $0 | |
Kim Edwards Treasurer | 2 | $0 | |
Diamon Fischer Director | 2 | $0 | |
Kristen Thomspon Secretary | 2 | $0 | |
Kathy Compton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,475 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,837 |
| Gain or Loss | $749 |
| Net Income from Gaming & Fundraising | -$6,220 |
| Other Revenue | $0 |
| Total Revenue | $165,841 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,475 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,963 |
| Other expenses | $137,358 |
| Total expenses | $140,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $472,199 |
| Other assets | $0 |
| Total assets | $472,199 |
| Total liabilities | $1,778 |
| Net assets or fund balances | $470,421 |