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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education LA Promise Fund

LA Promise Fund

Fiscal year ending 2023. Filed on May 14, 2024.

1933 S Broadway Suite 1108
Los Angeles, California 90007

LA Promise Fund (EIN: 20-4562686) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, LA Promise Fund, a 501(c)(3) charitable organization, reported compensation for 7 out of 144 total employees. Among the employees shown here, the average compensation is $179,811. The highest compensated employee at LA Promise Fund is Veronica Melvin with fiscal year 2023 compensation of $302,510.

Revenue, expenses, and employee compensation

Revenue

$13,745,998

Expenses

$15,302,635

Employee compensation

$8,948,135
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Veronica Melvin
President and Chief Executive Officer
$302,510
$275,682 No related comp$26,828
Michelle Cheang
Chief Program Officer (January to 5/19/2023)
$169,668
$156,869 No related comp$12,799
Kyle Miller
CSO (January to September 2023)
$167,508
$153,303 No related comp$14,205
Donna Jacobson
Director of Schools(January to September 2023)
$166,388
$150,130 No related comp$16,258
Liliana Vasquez
Chief Operating Officer
$160,760
$147,845 No related comp$12,915
Carla Yorke
Chief Program Officer (January to September 2023)
$147,943
$140,273 No related comp$7,670
David Spitz
Chief Financial Officer
$143,901
$132,212 No related comp$11,689

Benchmark Employee Compensation

Non-Employee Board Members

Ali Powell
Director
Alison Temple
Director
Amit Verma
Director
Brian McNamee
Director
Cathy Bender
Director
Danielle Vick
Director
Dean Hallett
Treasurer
Donnell Beverly
Director
Elizabeth Mann
Secretary
Fernando Fernandez
Director
Frank Marshall
Director
Ivelisse Estrada
Director

Contractors

Jfak Architecture
Architectual Planning
$232,128
Primestor Development LLC
Developent Management
$228,000
Row Educational Services
Educational
$140,749
Kamela Tate Associates LLC
Research Evaluation Training and Fund
$114,250
Cross Country Education
Educational
$114,095

Mission Statement

PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER AND LIFE.WORKING THROUGH A NETWORK OF HIGH-PERFOMING,COMMUNITY-BASED SCHOOLS AND A PORTFOLIO OF PROGRAMS THAT REACH STUDENTS THROUGHOUT LA COUNTY,THE LA PROMISE FUND CREATES VIBRANT COMMUNITY HUBS AND PARTNERSHIPS THAT FOSTER MOTIVATED,ENGAGED, AND DIRECTED STUDENTS POISED FOR ACADEMIC, PROFESSIONAL, AND PERSONAL SUCCESS.

Revisions to this organization profile

January 22, 2025:
2024 LA Promise Fund 990 filed
May 14, 2024:
2023 LA Promise Fund 990 filed
May 12, 2023:
2022 LA Promise Fund 990 filed

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