Los Angeles Police Academy Magnet School Foundation
- Assets
- $1.2m
- Revenue
- $150.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 95-4602270
Organization Overview
Los Angeles Police Academy Magnet School Foundation is located in Beverly Hills, CA. The organization was established in 1996. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Police Academy Magnet School 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 12/2023, Los Angeles Police Academy Magnet School Foundation generated $150.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $141.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP A POOL OF HOME GROWN AND HIGHLY QUALIFIED CANDIDATES WHOSE CHARACTER, EDUCATIONAL EXPERIENCES AND COMMITMENT TO PUBLIC SERVICE WILL POSITIVELY IMPACT THE CULTURE OF POLICING IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING AND TRANSITIONING HIGH SCHOOL AND FIRST YEAR COLLEGE STUDENTS THROUGH AN A PROGRAM IN ADMINISTRATION OF JUSTICE INTO HIGHLY QUALIFIED CANDIDATES FOR RECRUITMENT IN THE LOS ANGELES POLICE DEPARTMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Krinsky President | OfficerTrustee | 10 | $0 |
Elloit A Ponchick Treasurer | OfficerTrustee | 1 | $0 |
Jamie Tam Board Member | Trustee | 1 | $0 |
Sandy Jo Macarthur Board Member | Trustee | 1 | $0 |
Ronald Vogel Board Member | Trustee | 1 | $0 |
Seppie Azadi Secretary | OfficerTrustee | 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 | $134,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,500 |
| Total Program Service Revenue | $0 |
| Investment income | $36,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,900 |
| 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 | $2,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,712 |
| Fees for services: Other | $32,750 |
| Advertising and promotion | $0 |
| Office expenses | $3,706 |
| Information technology | $25,796 |
| 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 | $7,597 |
| Interest | $128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $728 |
| All other expenses | $6,339 |
| Total functional expenses | $141,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,526 |
| Savings and temporary cash investments | $27,896 |
| 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 | $924,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,907 |
| 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 | $1,400 |
| Total liabilities | $1,400 |
| Net assets without donor restrictions | $1,168,507 |
| 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 | $1,169,907 |
Grants Awarded
Over the last fiscal year, Los Angeles Police Academy Magnet School Foundation has awarded $7,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES POLICE RESERVE FOUNDATION PURPOSE: DONATION | $3,000 |
LOS ANGELES POLICE FOUNDATION PURPOSE: DONATION | $2,000 |
ENCINO CHAMBER OF COMMERCE PURPOSE: DONATION | $600 |
RESEDA POLICE ACADEMY MAGNET SCHOOL PURPOSE: DONATION | $1,500 |