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Filing year 2023

LA PROMISE FUND

Los Angeles, California·EIN 20-4562686·NTEE B82 · Education·501(c)(3)
Total revenue
$19.5M
Total assets
$49.9M
Total expenses
$15.9M
Reported officers
34
Mission

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.

Ceo/president
75th to 90th percentile
$308k
$341k
Base
$270k
Bonus
$300
Other
Benefits
$29k
Exec Dir of Black College Success
Key Employee
Median to 75th percentile
$238k
$263k
Base
$211k
Bonus
Other
Benefits
$27k
COO
Median to 75th percentile
$168k
$186k
Base
$154k
Bonus
$550
Other
Benefits
$7k
Chief Academic Officer (7/1/23-9/30/23)
Highest Compensated Employee
25th percentile to median
$147k
$163k
Chief Strategic Officer (7/1/23-9/30/23)
Highest Compensated Employee
10th to 25th percentile
$137k
$152k
Principal
Highest Compensated Employee
10th to 25th percentile
$132k
$146k
Principal
Highest Compensated Employee
10th to 25th percentile
$129k
$142k
Director of Grants Management
Highest Compensated Employee
Below 10th percentile
$118k
$130k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 26 unpaid individuals.

Browse compensation in Education

Pay in context

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%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

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.

$303k
2022
$308k
2023
In today's dollarsEst.
Down 1% in real terms$346k to $341k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 2% from 2022 to 2023, while revenue rose 42%.

$303k in 2022 to $308k in 2023.
  • 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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

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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