Warner Avenue Foundation
- Assets
- $1.2m
- Revenue
- $825.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1991
- Data as of
- 06/2022
- EIN
- 95-4072053
Organization Overview
Warner Avenue Foundation is located in Los Angeles, CA. The organization was established in 1991. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, 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. Warner Avenue 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 06/2022, Warner Avenue Foundation generated $825.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $732.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Warner Avenue Foundation has awarded 16 individual grants totaling $6,614,243. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH AND ENHANCE THE EDUCATION AND EXPERIENCE OF THE STUDENTS OF WARNER AVENUE ELEMENTARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE ADMINISTRATION AND OPERATION OF THE SCHOOL BY HIRING TWO TEACHERS AND ONE ADMINISTRATIVE PERSON.
PROVIDE CLASSROOM SUPPORT. CLASSROOM SUPPORT INCLUDES (I) EDUCATIONAL SUPPLIES, (II) LIBRARY IMPROVEMENTS, (III) TECHNOLOGY AND CLASSROOM IMPROVEMENTS, (IV) SCHOLARSHIPS TO STUDENTS FOR EDUCATIONAL DEVELOPMENT.
GENERAL SCHOOL SUPPORT. COMPUTER, COPYING, EMERGENCY AND OTHER SUPPLIES AS WELL AS CLEANING AND OTHER FACILITY SERVICES WERE PROVIDED TO THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roya Melamed Co-President | OfficerTrustee | 0 | $0 |
Chin Chin Beckett Co-President | OfficerTrustee | 0 | $0 |
Negar Nikgohar Sefaradi Co-Vp Business | OfficerTrustee | 0 | $0 |
Ramona Moussazadeh Co-Vp Business | OfficerTrustee | 0 | $0 |
Sandy Pirnazar Treasurer | OfficerTrustee | 0 | $0 |
Angel Rabbie Director Admin | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,621 |
| 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 | $322,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,839 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $732,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,353 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,240,353 |
| 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 | $1,240,353 |
| 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 |
| Total liabilities and net assets/fund balances | $1,240,353 |
Grants Awarded
Over the last fiscal year, Warner Avenue Foundation has awarded $576,993 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WARNER AVE ELEMENTARY SCHOOL PURPOSE: SEE PART IV | $433,498 |
WLA STAR PURPOSE: SEE PART IV | $143,495 |