Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
34 people listed on the 990; $1.6M paid to officers and key staff.
Veronica Melvin’s $278K as CEO/President is at the 60th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Veronica Melvin | $278,392 | $269,835 | $275,682 | $205,392 | $222,708 | $228,035 |
| Ben Austin | — | — | — | — | $247,599 | $195,436 |
| Ibert Schultz | $217,252 | $210,960 | — | — | — | — |
| Liliana Vasquez | $161,272 | $154,615 | $147,845 | $111,508 | — | — |
| Michelle Cheang | — | — | $156,869 | $144,336 | $120,335 | — |
| Claudia Keller | — | — | — | — | — | $155,388 |
| Kyle Miller | — | $122,838 | $153,303 | $147,871 | — | — |
| Donna Jacobson | — | $133,619 | $150,130 | $132,060 | $130,847 | $124,641 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Prepares Los Angeles students for college, career, and life through community schools and programs.
Questions for La Promise Fund
Your first name shows with your question. La Promise Fund answers here, for everyone.
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Working through our charter schools and a portfolio of programs that reach students throughout la county, la promise fund creates vibrant community hubs and partnerships that foster motivated, engaged and directed students poised for academic, professional and personal success. The public school russell westbrook why not?
Building college success (BCS) is a south la-focused initiative that partners with select colleges and universities to create pathways for college success, enabling more students from 11 south la high schools to attend and graduate from 4-YEAR colleges.
Artsmatter delivers impactful arts education programs to los angeles schools by equipping teachers with resources to integrate media arts into their classrooms. By expanding student access to art and technology, artsmatter programs enhance student engagement and foster creative thinking, technical skills, and career readiness in la's…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.6M | $6.7M |
| InvestmentsLn 11–13 | $1.0M | |
| Land, buildings, equipmentLn 10c | $25.0M | $32.6M |
| Total assetsLn 16 | $49.9M | $45.8M |
| LiabilitiesLn 26 | $40.4M | $38.4M |
| Net assetsLn 32 | $9.6M | $7.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $817K | $817K | ||
| Pay of current officers, directors and key staffLn 5 | $1.3M | $934K | $325K | |
| Other salaries and wagesLn 7 | $7.8M | $7.3M | $102K | $432K |
| Pension plan contributionsLn 8 | $120K | $120K | ||
| Other employee benefitsLn 9 | $775K | $714K | $14K | $47K |
| Payroll taxesLn 10 | $699K | $634K | $32K | $33K |
| Legal feesLn 11b | $21K | $21K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $3.1M | $1.8M | $1.3M | |
| Advertising and promotionLn 12 | $52K | $52K | ||
| Office expensesLn 13 | $1.0M | $740K | $266K | |
| Information technologyLn 14 | $74K | $74K | ||
| OccupancyLn 16 | $748K | $549K | $191K | $8K |
| TravelLn 17 | $84K | $84K | $208 | |
| InterestLn 20 | $1.3M | $1.3M | ||
| Depreciation, depletion and amortizationLn 22 | $993K | $672K | $321K | |
| InsuranceLn 23 | $248K | $248K | ||
| Other expenses (24a–d)Ln 24 | $1.6M | $1.6M | $80K | |
| All other expensesLn 24e | $1.2M | $673K | $522K | $29K |
| Total functional expensesLn 25 | $21.9M | $16.5M | $4.9M | $549K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $19.8M | $21.9M | −$2.1M | $7.5M | 990 PDF |
| FY2024 | $19.5M | $15.9M | $3.6M | $9.6M | 990 PDF |
| FY2023 | $13.7M | $15.3M | −$1.6M | $6.0M | 990 PDF |
| FY2022 | $15.1M | $14.0M | $1.1M | $7.5M | 990 PDF |
| FY2021 | $12.9M | $10.8M | $2.1M | $6.4M | 990 PDF |
| FY2020 | $12.0M | $11.2M | $761K | $4.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $19,838,433 revenue, 12 lines filed
Part VI · Governance 22 of 22 board members independent, no flags
Part VIII · Statement of revenue $19,838,433 across 8 lines filed
Part IX · Statement of functional expenses $21,944,660 across 19 lines filed
Part X · Balance sheet $45,833,746 assets, 17 lines filed
Part XI · Reconciliation of net assets $7,466,291 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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