Mayors Fund For Los Angeles
- Assets
- $5.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Los Angeles, CA
- Founding
- 10/2014
- Data as of
- 06/2023
- EIN
- 47-1084641
Organization Overview
Mayors Fund For Los Angeles is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Mayors Fund For Los Angeles employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayors Fund For Los Angeles 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 06/2023, Mayors Fund For Los Angeles generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mayors Fund For Los Angeles has awarded 208 individual grants totaling $30,590,850. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MAYOR'S FUND FOR LOS ANGELES BRINGS TOGETHER BUSINESS, PHILANTHROPY, NONPROFITS, AND GOVERNMENT TO ADDRESS ANGELENOS MOST CRITICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RESILIENCY/HOMELESSNESS PREVENTION:THE FUND SUPPORTS DISASTER PREPAREDNESS AND IMMEDIATE CRISIS RESPONSE EFFORTS, NOW FOCUSED ON HOMELESSNESS PREVENTION. IN THE PAST, HELPING ANGELENOS THROUGHOUT THE COVID-19 PANDEMIC, AS WELL AS PROGRAMS THAT STRENGTHEN COMMUNITIES, SUCH AS THOSE THAT ADDRESS CLIMATE CHANGE.
QUALITY OF LIFE:THE FUND SUPPORTS PROGRAMS THAT CREATE STRONGER NEIGHBORHOODS, INCREASE EQUITY, BOLSTER YOUTH DEVELOPMENT, AND IMPROVE URBAN ENVIRONMENT AND PUBLIC SPACES.
ECONOMIC PROSPERITY:THE FUND PROMOTES ECONOMIC GROWTH IN SUPPORT OF ALL ANGELENOS, JOB CREATION AND JOB PIPELINES, AND SMALL BUSINESSES AND LOCAL ENTREPRENEURS.
GOVERNMENT EFFICIENCY & SUPPORT:IMPROVING GOVERNMENT OPERATIONS THROUGH PUBLIC PRIVATE PARTNERSHIPS AND INNOVATIVE SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Brown Chairman Of The Board (thru 03/2023) | OfficerTrustee | 2 | $0 |
Janice Bryant Howroyd Vice - Chairman Of Board (thru March 2023) | OfficerTrustee | 1 | $0 |
David Nathanson Treasurer (thru March 2023) | OfficerTrustee | 2 | $0 |
Dee Dee Myers Secretary (thru March 2023) | Trustee | 1 | $0 |
John Emerson Audit Committee Member (thru 03/2023) | Trustee | 1 | $0 |
Jarrett Barrios Audit Committee Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Conference Systems Summit Of The Americas Programming | 6/29/23 | $1,093,988 |
Mobility Capital Finance Inc Management Of Prepaid Card Program | 6/29/23 | $1,677,500 |
Clove & Twine Summit Of The Americas Programming | 6/29/23 | $544,678 |
Bixel & Company Summit Of The Americas Programming | 6/29/23 | $888,144 |
City Of Los Angeles Hire La's Youth Programming | 6/29/23 | $232,500 |
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 | $1,738,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,738,256 |
| Total Program Service Revenue | $0 |
| Investment income | $135,649 |
| 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 | $1,873,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,051,485 |
| Grants and other assistance to domestic individuals. | $1,675,358 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,843 |
| Compensation of current officers, directors, key employees. | $151,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,351 |
| Pension plan accruals and contributions | $21,706 |
| Other employee benefits | $78,037 |
| Payroll taxes | $84,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,295 |
| Fees for services: Accounting | $183,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $652,839 |
| Advertising and promotion | $235,966 |
| Office expenses | $26,715 |
| Information technology | $1,097 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $79,150 |
| 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 | $20,840 |
| Insurance | $26,715 |
| All other expenses | $35,584 |
| Total functional expenses | $7,168,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,656,081 |
| Savings and temporary cash investments | $867,717 |
| Pledges and grants receivable | $1,056,613 |
| 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 | $16,587 |
| Net Land, buildings, and equipment | $20,667 |
| Investments—publicly traded securities | $1,220,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,089 |
| Total assets | $5,840,477 |
| Accounts payable and accrued expenses | $693,196 |
| 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 | $693,196 |
| Net assets without donor restrictions | $1,052,054 |
| Net assets with donor restrictions | $4,095,227 |
| 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 | $5,840,477 |
Grants Awarded
Over the last fiscal year, Mayors Fund For Los Angeles has awarded $2,021,485 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ESPERANZA COMMUNITY HOUSING PURPOSE: OUTREACH & SUPPORT | $835,362 |
EXPANDED LEARNING ALLIANCE PURPOSE: EXPAND LA | $295,460 |
CITY OF LOS ANGELES PURPOSE: WORKFORCE EQUITY DEMONSTRATION | $250,000 |
LOS ANGELES CLEANTECH INCUBATOR PURPOSE: WISTEM | $139,000 |
SOUTHERN CALIFORNIA GRANTMAKERS PURPOSE: COVID-19 CRISIS FUND | $100,000 |
ONEGENERATION PURPOSE: BLOOMBERG 2 | $75,000 |