Pico Union Project INC FY2023 filing

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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.
87¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 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
$7K
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
$719K
+1% vs prior year
Spent
$746K
To programs
87%
Net assets
$399K
By yearFY2020–FY2024
Revenue
$719K
FY2023▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$751K
FY2021$741K
FY2022$709K
FY2023$719K
FY2024$1.0M
Expenses
$746K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$563K
FY2021$658K
FY2022$832K
FY2023$746K
FY2024$942K
Net assets
$399K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$452K
FY2021$551K
FY2022$432K
FY2023$399K
FY2024$525K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

87 cents of each dollar spent went to programs.

Program services 87% · $651K Management & general 13% · $96K

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; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation
$42,120Pt VII · Sec A
$40,019Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board VP/Treasuer
$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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Craig Taubman$77,706$40,019$40,019$40,019—
Louise Taubman$43,200$42,120$42,120$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 →

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

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1 program · $651K · in their own filed words · FY2023
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.

$651Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$719K
Ln 12
Gifts and grantsLn 1h$443K
Fees for servicesLn 2g$277K
Money outPt IX
$746K
Ln 25
Programscol B$651K
Managementcol C$96K
Owns and owesPt X
$399K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$406K
LiabilitiesLn 26$7K
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$443K
Government grantsLn 1e$177K
Fees for servicesLn 2g$277K
Total revenueLn 12$719K
Assets in detailPt X, end of year
CashLn 1$89K
Cash and savings togetherLn 1–2$89K
Land, buildings, equipmentLn 10c$282K
Other assetsLn 15$7K
Total assetsLn 16$406K
LiabilitiesLn 26$7K
Net assetsLn 32$399K
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 FY23End FY23
Cash and savingsLn 1–2$138K$89K
Land, buildings, equipmentLn 10c$280K$282K
Total assetsLn 16$438K$406K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$432K$399K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K$82K
Other salaries and wagesLn 7$165K$165K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$16K$14K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
OccupancyLn 16$137K$123K$14K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$21K$19K$2K
InsuranceLn 23$23K$16K$7K
Other expenses (24a–d)Ln 24$195K$192K$4K
All other expensesLn 24e$59K$15K$43K
Total functional expensesLn 25$746K$651K$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 30, 2025 $1.0M$942K$107K$525K 990 PDF
FY2023 ViewingFiled with the IRS Nov 4, 2024 $719K$746K−$27K$399K 990 PDF
FY2022Filed with the IRS Sep 11, 2023 $709K$832K−$123K$432K 990 PDF
FY2021Filed with the IRS Aug 16, 2022 $741K$658K$84K$551K 990 PDF
FY2020Filed with the IRS Aug 12, 2021 $751K$563K$188K$452K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $719,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $595,986$442,715
I-9 Program service revenuePrior year $113,239$276,695
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $709,225$719,410
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $244,851$285,495
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $587,278$460,965
I-18 Total expensesPrior year $832,129$746,460
I-19 Revenue less expensesPrior year −$122,904−$27,050
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $719,410 across 5 lines filed
VIII-1e Government grants$177,340
VIII-1f All other contributions, gifts and grants$265,375
VIII-1h Total contributions, gifts and grants$442,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,695$276,695
VIII-12 Total revenueRelated to mission $276,695 · Unrelated business $0 · Excluded from tax $0$719,410
Part IX · Statement of functional expenses $746,460 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,139$82,139
IX-7 Other salaries and wagesPrograms $164,766$164,766
IX-9 Other employee benefitsManagement $16,106$16,106
IX-10 Payroll taxesPrograms $22,484$22,484
IX-11c Accounting feesPrograms $13,964 · Management $1,552$15,516
IX-12 Advertising and promotionPrograms $2,470$2,470
IX-13 Office expensesManagement $7,079$7,079
IX-16 OccupancyPrograms $123,300 · Management $13,700$137,000
IX-17 TravelManagement $1,323$1,323
IX-22 Depreciation, depletion and amortizationPrograms $18,748 · Management $2,083$20,831
IX-23 InsurancePrograms $16,031 · Management $6,536$22,567
IX-24 Other expenses (24a–d)Programs $191,579 · Management $3,763$195,342
IX-24e All other expensesPrograms $15,393 · Management $43,444$58,837
IX-25 Total functional expensesPrograms $650,874 · Management $95,586 · Fundraising $0$746,460
Part X · Balance sheet $406,141 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $138,413$89,306
X-4 Accounts receivableStart of year $4,375$27,500
X-10c Land, buildings and equipment, netStart of year $279,884$281,889
X-15 Other assetsStart of year $15,442$7,446
X-16 Total assetsStart of year $438,114$406,141
X-25 Other liabilitiesStart of year $6,373$6,782
X-26 Total liabilitiesStart of year $6,373$6,782
X-32 Total net assets or fund balancesStart of year $431,741$399,359
X-33 Total liabilities and net assetsStart of year $438,114$406,141
Part XI · Reconciliation of net assets $399,359 net assets at year end
XI-1 Total revenue$719,410
XI-2 Total expenses$746,460
XI-3 Revenue less expenses−$27,050
XI-4 Net assets at start of year$431,741
XI-9 Other changes in net assets−$5,332
XI-10 Net assets at end of year$399,359

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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