Los Angeles Minerva Foundation
- Assets
- $1.4m
- Revenue
- $22.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1999
- Data as of
- 06/2024
- EIN
- 95-4694129
Organization Overview
Los Angeles Minerva Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Minerva 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 06/2024, Los Angeles Minerva Foundation generated $22.4k 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 (15.6%) each year. All expenses for the organization totaled $42.4k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES ASSISTANCE AND SUPPORT THROUHGH ESTABLISHED PROGRAMS IN LOCALCOMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE PAST YEAR, OUR NONPROFIT ORGANIZATION HAS SUCCESSFULLY PROVIDED $30,000 IN CONTRIBUTIONS AND ASSISTANCE TO INDIVIDUALS AND COMMUNITIES IN NEED. THESE FUNDS WERE DIRECTED TOWARD VARIOUS PROGRAMS AIMED AT UPLIFTING UNDERSERVED POPULATIONS, SUPPORTING COMMUNITY DEVELOPMENT INITIATIVES, AND PROVIDING ESSENTIAL SERVICES TO THOSE FACING ECONOMIC HARDSHIPS. THROUGH OUR EFFORTS, WE HAVE HELPED IMPROVE THE QUALITY OF LIFE FOR NUMEROUS INDIVIDUALS, FOSTERING A POSITIVE IMPACT AND PROMOTING LONG-TERM WELL-BEING IN THE COMMUNITIES WE SERVE.
IN THE PAST YEAR, OUR NONPROFIT ORGANIZATION HAS SUCCESSFULLY PROVIDED $30,000 IN CONTRIBUTIONS AND ASSISTANCE TO INDIVIDUALS AND COMMUNITIES IN NEED. THESE FUNDS WERE DIRECTED TOWARD VARIOUS PROGRAMS AIMED AT UPLIFTING UNDERSERVED POPULATIONS, SUPPORTING COMMUNITY DEVELOPMENT INITIATIVES, AND PROVIDING ESSENTIAL SERVICES TO THOSE FACING ECONOMIC HARDSHIPS. THROUGH OUR EFFORTS, WE HAVE HELPED IMPROVE THE QUALITY OF LIFE FOR NUMEROUS INDIVIDUALS, FOSTERING A POSITIVE IMPACT AND PROMOTING LONG-TERM WELL-BEING IN THE COMMUNITIES WE SERVE.
IN THE PAST YEAR, OUR NONPROFIT ORGANIZATION HAS SUCCESSFULLY PROVIDED $30,000 IN CONTRIBUTIONS AND ASSISTANCE TO INDIVIDUALS AND COMMUNITIES IN NEED. THESE FUNDS WERE DIRECTED TOWARD VARIOUS PROGRAMS AIMED AT UPLIFTING UNDERSERVED POPULATIONS, SUPPORTING COMMUNITY DEVELOPMENT INITIATIVES, AND PROVIDING ESSENTIAL SERVICES TO THOSE FACING ECONOMIC HARDSHIPS. THROUGH OUR EFFORTS, WE HAVE HELPED IMPROVE THE QUALITY OF LIFE FOR NUMEROUS INDIVIDUALS, FOSTERING A POSITIVE IMPACT AND PROMOTING LONG-TERM WELL-BEING IN THE COMMUNITIES WE SERVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharee Sanders Gordon Board Of Directors | Trustee | 5 | $0 |
Donna Smith Board Of Directors | Trustee | 5 | $0 |
Brandi Jones Board Of Directors | Trustee | 5 | $0 |
Carolyn Wilder Board Of Directors | Trustee | 5 | $0 |
Rev Dawnesha Beavers CEO | Officer | 10 | $0 |
Dr Jessica Saint-Paul CFO | Officer | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $22,410 |
| 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 | $22,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,117 |
| Fees for services: Other | $115 |
| 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 | $1,158 |
| Total functional expenses | $42,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,823 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,357,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,415 |
| 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 | $0 |
| 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 | $1,363,415 |
| Total liabilities and net assets/fund balances | $1,363,415 |
Grants Awarded
Over the last fiscal year, Los Angeles Minerva Foundation has awarded $159,198 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FORTITUDE FOUNDATION PURPOSE: Provide housing assistance to needy individual and families. | $140,877 |
DELTA SIGMA THETA SORORITY INC PURPOSE: Education activities and addressing issues through group dialogues. | $18,321 |