Warner Avenue Foundation FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)EducationEIN 95-4072053

To enrich and enhance the education and experience of the students of warner avenue elementary.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 4
filings with a surplus
Average surplus $12K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$509K
-54% vs prior year
Spent
$625K
To programs
98%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$509K
FY2021▼ -54%
Revenue by fiscal year
FY2020$1.1M
FY2021$509K
FY2023$1.2M
FY2024$1.1M
Expenses
$625K
FY2021▼ -33%
Expenses by fiscal year
FY2020$930K
FY2021$625K
FY2023$1.2M
FY2024$1.1M
Net assets
$1.1M
FY2021▼ -9%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.1M
FY2023$1.3M
FY2024$1.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 1991.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $610K Management & general 2% · $13K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Co-Vice Pres
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Vice Pres
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Warner Avenue Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enriching and enhancing Warner Avenue Elementary students' education and experiences.

Provided by the organization

This section is blank until Warner Avenue Foundation claims this page.

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3 program services account for $602K of program spending, described in the organization's own filed words · FY2020.
01

Support the administration and operation of the school by hiring two teachers and one administrative person.

$433Kprogram expense
02

Teaching assistants were provided in each classroom. All children had access to physical education, art, music, science, computer science and music specialists.

$143Kprogram expense
03

Provide classroom support. Classroom support includes (I) educational supplies, (ii) library improvements, (iii) technology and classroom improvements, (iv) scholarships to students for educational development.

$25Kprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 4 grants · $1.4M · 2019–2020
Warner Ave Elementary SchoolFY2020$433,498
Wla StarFY2020$143,495
Wla StarFY2019$410,044
Warner Ave Elementary SchoolFY2019$409,336

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$509K
Ln 12
Gifts and grantsLn 1h$395K
Other incomeLn 4–11$113K
Investment incomeLn 3$671
Money outPt IX
$625K
Ln 25
Programscol B$610K
Managementcol C$13K
Fundraisingcol D$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$395K
Investment incomeLn 3$671
Other incomeLn 4–11$113K
Total revenueLn 12$509K
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$13K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6500
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$1.1M
InvestmentsLn 11–13$13K$13K
Total assetsLn 16$1.3M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$577K$577K
TravelLn 17$500$500
Depreciation, depletion and amortizationLn 22$58$58
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$35K$33K$2K
Total functional expensesLn 25$625K$610K$13K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.1M−$4K$1.3M 990 PDF
FY2023 $1.2M$1.2M−$19K$1.3M 990 PDF
FY2022 Not on file
FY2021 Viewing $509K$625K−$116K$1.1M 990 PDF
FY2020 $1.1M$930K$188K$1.3M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $509,165 across 5 lines filed
VIII-1f All other contributions, gifts and grants$395,266
VIII-1h Total contributions, gifts and grants$395,266
VIII-3 Investment incomeRelated to mission $671$671
VIII-8 Net income from fundraising events$113,228
VIII-12 Total revenueRelated to mission $671$509,165
Part IX · Statement of functional expenses $624,906 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $576,993$576,993
IX-17 TravelPrograms $500$500
IX-22 Depreciation, depletion and amortizationPrograms $58$58
IX-23 InsuranceManagement $12,652$12,652
IX-24 Other expenses (24a–d)Programs $32,733 · Fundraising $1,970$34,703
IX-25 Total functional expensesPrograms $610,284 · Management $12,652 · Fundraising $1,970$624,906
Part X · Balance sheet $1,147,421 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,250,351$1,134,616
X-11 Publicly traded securitiesStart of year $12,753$12,805
X-16 Total assetsStart of year $1,263,162$1,147,421
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,263,162$1,147,421
X-32 Total net assets or fund balancesStart of year $1,263,162$1,147,421
X-33 Total liabilities and net assetsStart of year $1,263,162$1,147,421
Part XI · Reconciliation of net assets $1,147,421 net assets at year end
XI-1 Total revenue$509,165
XI-2 Total expenses$624,906
XI-3 Revenue less expenses−$115,741
XI-4 Net assets at start of year$1,263,162
XI-10 Net assets at end of year$1,147,421

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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