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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 2024. Filed on January 22, 2025.

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 2024 IRS Form 990 filing, LA Promise Fund, a 501(c)(3) charitable organization, reported compensation for 10 out of 144 total employees. Among the employees shown here, the average compensation is $172,226. The highest compensated employee at LA Promise Fund is Veronica Melvin with fiscal year 2024 compensation of $308,380.

Revenue, expenses, and employee compensation

Revenue

$19,518,864

Expenses

$15,946,369

Employee compensation

$9,473,134
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Veronica Melvin
President and Chief Executive Officer
$308,380
$269,835 No related comp$38,545
Ibert Schultz
EXEC Director of Black College Success
$238,137
$210,960 No related comp$27,177
Liliana Vasquez
Chief Operating Officer
$168,260
$154,615 No related comp$13,645
Donna Jacobson
Chief Academic Officer (7/1/23-9/30/23)
$147,202
$133,619 No related comp$13,583
Kyle Miller
Chief Strategic Officer (7/1/23-9/30/23)
$137,205
$122,838 No related comp$14,367
Darla Vance
Principal
$131,920
$119,199 No related comp$12,721
Zeidy Revolorio
Principal
$128,793
$120,423 No related comp$8,370
Leslie Tresun
Director of Grants Management
$117,907
$104,202 No related comp$13,705
Ron Fernando
CFO (Started 4/4/24)
$0
Edgar Campos
Chief Advancement Officer (Starter 3/25/24)
$0

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
Donnel Beverly
Co-Chair
Elizabeth Mann
Secretary
Fernando Fernandez
Director
Frank Marshall
Director
Ivelisse Estrada
Director

Contractors

Del Amo Construction
Construction
$5,263,149
Jfak Architecture
Architectual Planning
$213,442
Exed
Educational Accounting
$189,600
Rea Commercial Security
Security
$181,740
Primestor Deveopment LLC
Developent Management
$136,648

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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