Los Angeles Orphan Asylum
- Assets
- $86.1m
- Revenue
- $13.0m
- Investments
- $77.4m
- Employees
- 0
- Location
- Rosemead, CA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 95-1716803
Organization Overview
Los Angeles Orphan Asylum is located in Rosemead, CA. The organization was established in 1946. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Los Angeles Orphan Asylum 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 06/2022, Los Angeles Orphan Asylum generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. 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
TO SUPPORT MARYVALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOS ANGELES ORPHAN ASYLUM (LAOA) IS OPERATED BY THE DAUGHTERS OF CHARITY OF ST. VINCENT DE PAUL, A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. LAOA PROVIDES ASSISTANCE AND SUPPORT TO MARYVALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Patricia Miguel Chairperson | OfficerTrustee | 1 | $0 |
Mr Mike Amerio Treasurer | OfficerTrustee | 1 | $0 |
Ms Jacquie Dolan Vice Chairperson | OfficerTrustee | 1 | $0 |
Ms Marsha Chan Secretary | OfficerTrustee | 1 | $0 |
Steven Gunther President/ceo | Officer | 2 | $0 |
Mr Nabil A Said Board Member | 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 | $38,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,307 |
| Total Program Service Revenue | $0 |
| Investment income | $12,702,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $263,016 |
| 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 | $13,004,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,493,341 |
| 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 | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $62,058 |
| Insurance | $0 |
| All other expenses | $400 |
| Total functional expenses | $5,575,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,324 |
| 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 | $53,403 |
| Net Land, buildings, and equipment | $7,528,408 |
| Investments—publicly traded securities | $426,223 |
| Investments—other securities | $77,351,183 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,105,541 |
| Accounts payable and accrued expenses | $30,794 |
| 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 | $30,794 |
| Net assets without donor restrictions | $83,779,634 |
| Net assets with donor restrictions | $2,295,113 |
| 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 | $86,105,541 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Los Angeles Orphan Asylum has recieved totaling $30,412.
| Awarding Organization | Amount |
|---|---|
Mariana T Etchemendy Charitable Trust 02-60900 Chicago, IL PURPOSE: GENERAL SUPPORT | $30,412 |
Endowment Analysis
| Beg. Balance | $2,700,939 |
| Earnings | -$405,826 |
| Ending Balance | $2,295,113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Narrative Tigard, OR | $24,541,892 | $20,361,242 |
Rancho San Antonio Boys Home Inc Chatsworth, CA | $38,399,556 | $15,323,177 |
Bethany Ranch Home Inc Phoenix, AZ | $10,318,781 | $15,585,652 |
Phoenix Houses Of California Inc Lake View Terrace, CA | $18,452,959 | $14,182,784 |
Saguaro Foundation Community Home Program Yuma, AZ | $10,674,930 | $13,859,119 |
Tucson Residence Foundation Inc Tucson, AZ | $8,716,288 | $12,594,410 |
Summitview Child & Family Services Inc Placerville, CA | $9,176,042 | $13,496,979 |
New Horizon Youth Homes Inc Chandler, AZ | $13,556,346 | $9,020,298 |
Gap Ministries Tucson, AZ | $9,696,480 | $11,885,359 |
Salem Christian Homes Inc Chino, CA | $8,434,691 | $11,822,668 |
David And Margaret Home Inc La Verne, CA | $8,793,546 | $11,620,549 |
Promesa Behavioral Health Fresno, CA | $10,814,640 | $11,295,524 |