TO IMPROVE ACADEMIC ACHIEVEMENT AS WELL AS COLLEGE AND CAREER ACCESS AND SUCCESS FORSTUDENTS IN THE RUSSELL WESTBROOK WHY NOT? ACADEMY, SLATE-Z, AND BEYOND.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in California.
- Base
- $270k
- Bonus
- $300
- Other
- —
- Benefits
- $29k
- Base
- $211k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $154k
- Bonus
- $550
- Other
- —
- Benefits
- $7k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Ceo/president 75th to 90th percentile | $270k | $300 | — | $29k | $308k |
Exec Dir of Black College Success Key Employee Median to 75th percentile | $211k | — | — | $27k | $238k |
COO Median to 75th percentile | $154k | $550 | — | $7k | $168k |
Chief Academic Officer (7/1/23-9/30/23) Highest Compensated Employee 25th percentile to median | — | — | — | — | $147k |
Chief Strategic Officer (7/1/23-9/30/23) Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $137k |
Principal Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $132k |
Principal Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $129k |
Director of Grants Management Highest Compensated Employee Below 10th percentile | — | — | — | — | $118k |
Plus 26 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at LA PROMISE FUND equaled 2% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 2%
from 2022
From $303k in 2022 to $308k in 2023.
Chief Executive Officer pay rose 2% from 2022 to 2023, while revenue rose 42%.
- Chief Operating Officer pay rose 5% from 2022 to 2023.
- Highest Compensated Employee pay fell 12% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LA PROMISE FUND
What does the Chief Executive Officer of LA PROMISE FUND earn?
In 2023, the Chief Executive Officer of LA PROMISE FUND received $308,380 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in California, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LA PROMISE FUND compare with similar nonprofits?
Compared with the same role at Education organizations in California, the 2023 pay of the Chief Executive Officer at LA PROMISE FUND falls between the 75th and 90th percentiles. In 2023, the highest total compensation at LA PROMISE FUND equaled 2% of the organization's total expenses. The median for education organizations is 7%.
What are LA PROMISE FUND's revenue and expenses?
In 2023, LA PROMISE FUND reported $19.5M in total revenue and $15.9M in total expenses on its IRS Form 990.
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