Pico Union Project INC

Tax-deductible

Los Angeles, CA501(c)(3)Community DevelopmentEIN 81-2010806

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The Organization is dedicated to helping reinvigorate the Pico Union community of Los Angeles by offering space for religious worship by all faiths, performing arts, and community activities. These activities are intended to reduce neighborhood tensions and combat prejudice and discrimination by promoting interfaith dialogue and community amongst the diverse ethnic and religious groups of Los Angeles. The Company will provide a facility for these services by leasing and operating the oldest synagogue in Los Angeles.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 200 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $46K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 13% of spending
Top officer’s pay lower than 91% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $173K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+46% vs prior year
Spent
$942K
To programs
76%
Net assets
$525K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +46%
Revenue by fiscal year
FY2020$751K
FY2021$741K
FY2022$709K
FY2023$719K
FY2024$1.0M
Expenses
$942K
FY2024▲ +26%
Expenses by fiscal year
FY2020$563K
FY2021$658K
FY2022$832K
FY2023$746K
FY2024$942K
Net assets
$525K
FY2024▲ +31%
Net assets by fiscal year
FY2020$452K
FY2021$551K
FY2022$432K
FY2023$399K
FY2024$525K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $712K Management & general 24% · $230K

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

8 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
$77,706Pt VII · Sec A
$43,200Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board VP/Treasuer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Craig Taubman’s $78K as Founder is at the 9th percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Craig Taubman$77,706$40,019$40,019——
Louise Taubman$43,200$42,120$42,120——
Craig Taubman———$40,019—
Louise Taubman———$25,425$20,670

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.

See Pico Union Project INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reinvigorates a Los Angeles neighborhood by providing space for worship, arts, and community events.

Provided by the organization

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1 program service account for $712K of program spending, described in the organization's own filed words · FY2024.
01

Pico union project has provided a location for the religious worship of several faiths, performing arts, and community activities. As a result, neighborhood tensions and prejudices have been reduced. A dialogue has been started amongst interfaith groups, as well as many cultural & diverse ethnicities.

$712Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$774K
Other incomeLn 4–11$146K
Fees for servicesLn 2g$118K
Money outPt IX
$942K
Ln 25
Programscol B$712K
Managementcol C$230K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$534K
LiabilitiesLn 26$9K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$774K
Government grantsLn 1e$234K
Noncash giftsLn 1g$832
Fees for servicesLn 2g$118K
Investment incomeLn 3$11K
Other incomeLn 4–11$146K
Gains on assetsLn 7$11K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$186K
Cash and savings togetherLn 1–2$186K
InvestmentsLn 11–13$6K
Land, buildings, equipmentLn 10c$300K
Other assetsLn 15$2K
Total assetsLn 16$534K
LiabilitiesLn 26$9K
Net assetsLn 32$525K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$89K$186K
InvestmentsLn 11–13$6K
Land, buildings, equipmentLn 10c$282K$300K
Total assetsLn 16$406K$534K
LiabilitiesLn 26$7K$9K
Net assetsLn 32$399K$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$38K$83K
Other salaries and wagesLn 7$180K$147K$33K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$24K$15K$9K
Legal feesLn 11b$410$410
Accounting feesLn 11c$17K$16K$2K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$15K$15K
OccupancyLn 16$123K$111K$12K
TravelLn 17$5K$1K$4K
Depreciation, depletion and amortizationLn 22$14K$13K$1K
InsuranceLn 23$29K$22K$7K
Other expenses (24a–d)Ln 24$280K$275K$5K
All other expensesLn 24e$99K$49K$51K
Total functional expensesLn 25$942K$712K$230K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$942K$107K$525K 990 PDF
FY2023 $719K$746K−$27K$399K 990 PDF
FY2022 $709K$832K−$123K$432K 990 PDF
FY2021 $741K$658K$84K$551K 990 PDF
FY2020 $751K$563K$188K$452K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,048,535 across 9 lines filed
VIII-1e Government grants$234,135
VIII-1f All other contributions, gifts and grants$539,774
VIII-1g Noncash contributions (included above)$832
VIII-1h Total contributions, gifts and grants$773,909
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,960$117,960
VIII-3 Investment incomeRelated to mission $2$2
VIII-6 Net rental income or lossRelated to mission $145,985$145,985
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,679$10,679
VIII-12 Total revenueRelated to mission $274,626 · Unrelated business $0 · Excluded from tax $0$1,048,535
Part IX · Statement of functional expenses $941,885 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,997 · Management $82,909$120,906
IX-7 Other salaries and wagesPrograms $146,965 · Management $32,610$179,575
IX-9 Other employee benefitsManagement $7,714$7,714
IX-10 Payroll taxesPrograms $14,987 · Management $9,360$24,347
IX-11b Legal feesManagement $410$410
IX-11c Accounting feesPrograms $15,525 · Management $1,725$17,250
IX-12 Advertising and promotionPrograms $26,889$26,889
IX-13 Office expensesManagement $15,132$15,132
IX-16 OccupancyPrograms $110,700 · Management $12,300$123,000
IX-17 TravelPrograms $1,492 · Management $3,514$5,006
IX-22 Depreciation, depletion and amortizationPrograms $12,652 · Management $1,406$14,058
IX-23 InsurancePrograms $21,514 · Management $7,171$28,685
IX-24 Other expenses (24a–d)Programs $274,868 · Management $4,649$279,517
IX-24e All other expensesPrograms $48,754 · Management $50,642$99,396
IX-25 Total functional expensesPrograms $712,343 · Management $229,542 · Fundraising $0$941,885
Part X · Balance sheet $534,166 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $89,306$185,881
X-4 Accounts receivableStart of year $27,500$40,094
X-10c Land, buildings and equipment, netStart of year $281,889$300,385
X-11 Publicly traded securities$6,058
X-15 Other assetsStart of year $7,446$1,748
X-16 Total assetsStart of year $406,141$534,166
X-25 Other liabilitiesStart of year $6,782$9,499
X-26 Total liabilitiesStart of year $6,782$9,499
X-32 Total net assets or fund balancesStart of year $399,359$524,667
X-33 Total liabilities and net assetsStart of year $406,141$534,166
Part XI · Reconciliation of net assets $524,667 net assets at year end
XI-1 Total revenue$1,048,535
XI-2 Total expenses$941,885
XI-3 Revenue less expenses$106,650
XI-4 Net assets at start of year$399,359
XI-5 Net unrealized gains (losses) on investments$6,064
XI-9 Other changes in net assets$12,594
XI-10 Net assets at end of year$524,667

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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