1. finance
2. accounting and auditing

MOU
To prepare every child in LA’s Promise Neighborhood to be
college-ready, healthy and successful in life.
LA’s Promise Board of Directors Meeting
Salem Partners
11111 Santa Monica Blvd. Suite #2250, Los Angeles, CA 90025
Tuesday December 2, 2014
3:00 PM – 4:30 PM
Materials related to an item on this agenda submitted to the Board of Directors of LA’s Promise, including those
submitted after the initial distribution of the agenda, are available for public inspection prior to the meeting at
202 West 1st St., Suite 4-0160, Los Angeles, CA 90012.
Agenda Item
Estimated Time
1. Approval of Minutes
3:00 – 3:05
2. Audit & Finance Committee Update
a. Approve Audit
3:05 – 3:15
Adjourn
!
!
!
!
!
!
!
Executive!Finance!Committee!Update!to!the!Board!
December!2,!2014!
!!
!
1) The!Executive!Finance!team!met!on!November!21st!2014!!
!
2) The!FY14!Audited!Financials!completed!by!Green!Hasson!and!Janks.!
!
a. No!major!findings!or!required!corrections!were!identified.!!
!
b. During!Fiscal!Year!2014,!LA’s!Promise!had!a!total!revenue!of!$2,903,528!with!total!
expenses!of!$2,686,323!for!a!positive!end!of!year!net!income!of!$217,205.!Previous!year,!
a!negative!net!income!of!$359,967.!
!
c. Recommend!the!LA’s!Promise!Board!of!Directors!approve!the!FY2013Z14!audited!
financials.!
!
3) FY15!Financials!to!Date!
a. Through!the!month!of!September,!revenue!is!$2,105,122!and!expenses!$840,724.!!
!
b. Three!months!into!the!fiscal!year!approximately!50%!of!the!revenue!goal!has!been!met,!
while!expenses!are!tracking!to!budget.!
!
4) Currently!projecting!FY15!through!FY16!cash!flow!
PRELIMINARY DRAFT
October 29, 2014
TO BE RETURNED TO GREEN HASSON &
JANKS LLP AND NOT TO BE
REPRODUCED IN ANY FORM WITHOUT
PERMISSION
To the Board of Directors
LA’s Promise
In planning and performing our audit of the financial statements of LA’s Promise as of and for the year
ended June 30, 2014, in accordance with auditing standards generally accepted in the United States of
America, we considered LA’s Promise’s internal control over financial reporting (internal control) as a
basis for designing audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on
the effectiveness of LA’s Promise’s internal control. Accordingly, we do not express an opinion on the
effectiveness of LA’s Promise’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement
of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis.
Our consideration of internal control was for the limited purpose described in the first paragraph and was
not designed to identify all deficiencies in internal control that might be material weaknesses. Given these
limitations, during our audit we did not identify any deficiencies in internal control that we consider to be
material weaknesses. However, material weaknesses may exist that have not been identified.
We appreciate the courtesy and cooperation of your staff during the course of the audit.
This communication is intended solely for the information and use of management, Board of Directors,
and others within the organization, and is not intended to be and should not be used by anyone other than
these specified parties.
GREEN HASSON & JANKS LLP
November __, 2014
Los Angeles, California
PRELIMINARY DRAFT
October 29, 2014
TO BE RETURNED TO GREEN HASSON &
JANKS LLP AND NOT TO BE
REPRODUCED IN ANY FORM WITHOUT
PERMISSION
To the Board of Directors
LA’s Promise
We have audited the financial statements of LA’s Promise (the Organization) for the year ended June 30,
2014, and have issued our report thereon dated November___, 2014. Professional standards require that
we provide you with information about our responsibilities under generally accepted auditing standards,
as well as certain information related to the planned scope and timing of our audit. We have
communicated such information in our engagement letter to you dated April 23, 2014. Professional
standards also require that we communicate to you the following information related to our audit.
Significant Audit Findings
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant
accounting policies used by the Organization are described in Note 2 to the financial statements. No new
accounting policies were adopted and the application of existing policies was not changed during the year
ended June 30, 2014. We noted no transactions entered into by the Organization during the year for
which there is a lack of authoritative guidance or consensus. All significant transactions have been
recognized in the financial statements in the proper period.
Accounting estimates are an integral part of the financial statements prepared by management and are
based on management’s knowledge and experience about past and current events and assumptions about
future events. Certain accounting estimates are particularly sensitive because of their significance to the
financial statements and because of the possibility that future events affecting them may differ
significantly from those expected. The most sensitive estimate affecting the financial statements was:
•
Management’s estimate of the functional allocation of indirect costs is based on salary dollars. We
evaluated the key factors and assumptions used to develop the indirect cost allocation in
determining that it is reasonable in relation to the financial statements taken as a whole.
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing the Audit
We encountered no difficulties in dealing with management in performing and completing our audit.
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all misstatements identified during the audit, other than
those that are clearly trivial, and communicate them to the appropriate level of management. The
attached schedule, Proposed Adjusting Journal Entries, summarizes an uncorrected misstatement of the
financial statements. Management has determined that its effect is immaterial, both individually and in
the aggregate, to the financial statements taken as a whole.
In addition, none of the misstatements detected as a result of audit procedures and corrected by
management were material, either individually or in the aggregate, to the financial statements taken as a
whole.
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or
auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial
statements or the auditor’s report. We are pleased to report that no such disagreements arose during the
course of our audit.
To the Board of Directors
LA’s Promise
Page 2
PRELIMINARY DRAFT
October 29, 2014
Management Representations
We have requested certain representations from management that are included in the management
representation letter dated November __, 2014.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves
application of an accounting principle to the Organization’s financial statements or a determination of the
type of auditor’s opinion that may be expressed on those statements, our professional standards require
the consulting accountant to check with us to determine that the consultant has all the relevant facts. To
our knowledge, there were no such consultations with other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the Organization’s auditors. However, these
discussions occurred in the normal course of our professional relationship and our responses were not a
condition to our retention.
This information is intended solely for the use of the Board of Directors of the Organization and is not
intended to be, and should not be, used by anyone other than these specified parties.
GREEN HASSON & JANKS LLP
November __, 2014
Los Angeles, California
Client:
Period Ending:
PRELIMINARY DRAFT
October 29, 2014
LA's Promise
June 30, 2014
Proposed JE # 1001
Deferred Rent Accrual
3010
6250
GHJ-2080
Total
Unrestricted Net Assets
Facilities and Equipment:6250 + Rent
Deferred Rent
14,285.00
14,285.00
11,265.00
3,020.00
14,285.00
1 of 1
PRELIMINARY DRAFT
October 29, 2014
TO BE RETURNED TO GREEN HASSON &
JANKS LLP AND NOT TO BE
REPRODUCED IN ANY FORM WITHOUT
PERMISSION
LA’s PROMISE
FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2014
LA’s PROMISE
FINANCIAL STATEMENTS
PRELIMINARY DRAFT
October 29, 2014
YEAR ENDED JUNE 30, 2014
CONTENTS
Page
Independent Auditor’s Report .................................................................... 1
Statement of Financial Position .................................................................. 2
Statement of Activities ................................................................................ 3
Statement of Functional Expenses ............................................................. 4
Statement of Cash Flows ............................................................................. 5
Notes to Financial Statements .................................................................... 6
PRELIMINARY DRAFT
October 29, 2014
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors
LA’s Promise
Report on the Financial Statements
We have audited the accompanying financial statements of LA’s Promise (a nonprofit organization),
which comprise the statement of financial position as of June 30, 2014, and the related statements of
activities, functional expenses and cash flows for the year then ended, and the related notes to the
financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of LA’s Promise as of June 30, 2014, and the changes in its net assets and its cash flows
for the year then ended in accordance with accounting principles generally accepted in the United States
of America.
Report on Summarized Comparative Information
We have previously audited LA’s Promise 2013 financial statements, and we expressed an unmodified
audit opinion on those audited financial statements in our report dated December 17, 2013. In our
opinion, the summarized comparative information presented herein as of and for the year ended June 30,
2013, is consistent, in all material respects, with the audited financial statements from which it has been
derived.
GREEN HASSON & JANKS LLP
November __, 2014
Los Angeles, California
LA's PROMISE
PRELIMINARY DRAFT
October 29, 2014
STATEMENT OF FINANCIAL POSITION
June 30, 2014
With Summarized Totals at June 30, 2013
Unrestricted
2014
Temporarily
Restricted
Total
2013
ASSETS
Cash and Cash Equivalents
Pledges Receivable
Prepaid Expenses and Other Assets
Property and Equipment (Net)
TOTAL ASSETS
$
564,539
14,614
48,849
14,071
$
167,544
17,000
-
$
732,083
31,614
48,849
14,071
$
320,309
165,607
57,741
31,645
$
642,073
$
184,544
$
826,617
$
575,302
$
219,056
$
-
$
219,056
$
184,946
LIABILITIES AND NET ASSETS
LIABILITIES:
Accounts Payable and
Accrued Liabilities
NET ASSETS:
Unrestricted
Temporarily Restricted
TOTAL NET ASSETS
TOTAL LIABILITIES
AND NET ASSETS
$
423,017
-
184,544
423,017
184,544
246,399
143,957
423,017
184,544
607,561
390,356
642,073
$
184,544
$
826,617
The Accompanying Notes are an Integral Part of These Financial Statements
-2-
$
575,302
LA's PROMISE
PRELIMINARY DRAFT
29, 2014
STATEMENT OF ACTIVITIES
October
Year Ended June 30, 2014
With Summarized Totals for the Year Ended June 30, 2013
Unrestricted
REVENUE AND PUBLIC SUPPORT:
Contributions
Special Events (Net of Direct Donor
Benefits of $56,595)
Other Income (Loss)
Net Assets Released from:
Purpose Restrictions
$
1,748,147
2014
Temporarily
Restricted
$
469,878
(2,788)
TOTAL REVENUE AND
PUBLIC SUPPORT
688,291
$
-
647,704
2013
Total
Total
2,436,438
$
469,878
(2,788)
(647,704)
2,407,098
645,034
17,040
-
-
2,862,941
40,587
2,903,528
3,069,172
EXPENSES:
Program Services
Management and General
Fundraising
2,101,253
298,590
286,480
-
2,101,253
298,590
286,480
2,793,564
288,156
347,419
TOTAL EXPENSES
2,686,323
-
2,686,323
3,429,139
176,618
40,587
217,205
(359,967)
246,399
143,957
390,356
750,323
CHANGE IN NET ASSETS
Net Assets - Beginning of Year
NET ASSETS - END OF YEAR
$
423,017
$
184,544
$
607,561
The Accompanying Notes are an Integral Part of These Financial Statements
-3-
$
390,356
LA's PROMISE
PRELIMINARY
STATEMENT OF FUNCTIONAL EXPENSES
Year Ended June 30, 2014
October 29,
With Summarized Totals for the Year Ended June 30, 2013
2014
Support Services
Program
Services
Salaries
Payroll Taxes
Employee Benefits
$
TOTAL PERSONNEL COSTS
Professional Services
Outside Services
Development and Training
Occupancy
Travel
Computer
Insurance
Depreciation and Amortization
Supplies
Telephone
Equipment
Printing
Miscellaneous
Web Design
Conferences
Subscriptions and Dues
Bank Charges
Postage and Delivery
1,033,839
88,594
103,081
Management
and General
$
97,991
8,622
5,021
Fundraising
$
123,201
10,563
4,240
Total Support
Services
$
221,192
19,185
9,261
2013
Total
Expenses
Total
Expenses
$
1,255,031
107,779
112,342
DRAFT
2014
$
1,628,478
132,712
151,305
1,225,514
111,634
138,004
249,638
1,475,152
1,912,495
392,279
82,452
40,363
131,388
80,878
9,781
12,985
39,760
20,904
26,251
8,753
4,336
5,500
14,159
4,050
3
1,897
125,857
2,037
876
11,378
3,953
431
28,358
1,240
779
1,393
960
817
830
63
3,652
2,250
2,082
15,530
93,231
452
15,220
4,899
4,891
1,611
768
1,559
1,253
1,206
317
7,034
219
69
217
141,387
95,268
1,328
26,598
8,852
5,322
28,358
2,851
1,547
2,952
2,213
2,023
1,147
7,034
282
3,721
2,250
2,299
533,666
177,720
41,691
157,986
89,730
15,103
28,358
15,836
41,307
23,856
28,464
10,776
5,483
12,534
14,441
7,771
2,253
4,196
653,057
144,879
165,051
141,071
99,281
87,867
47,825
28,827
25,475
24,360
23,696
19,180
16,210
15,683
12,134
4,239
4,009
3,800
TOTAL 2014
FUNCTIONAL EXPENSES
$
2,101,253
$
298,590
$
286,480
$
585,070
TOTAL 2013
FUNCTIONAL EXPENSES
$
2,793,564
$
288,156
$
347,419
$
635,575
The Accompanying Notes are an Integral Part of These Financial Statements
-4-
$
2,686,323
$
3,429,139
LA's PROMISE
PRELIMINARY DRAFT
29, 2014
STATEMENT OF CASH FLOWS
October
Year Ended June 30, 2014
With Summarized Totals for the Year Ended June 30, 2013
2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Change in Net Assets
Adjustment to Reconcile Change in Net Assets to
Net Cash Provided By (Used In) Operating Activities:
Depreciation and Amortization
Loss on Sale of Property and Equipment
Bad Debt Expense
(Increase) Decrease in:
Pledges Receivable
Prepaid Expenses and Other Assets
Increase (Decrease) in Accounts Payable and
Accrued Liabilities
$
NET CASH PROVIDED BY (USED IN) OPERATING
ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and Equipment
Proceeds from Sale of Property and Equipment
NET CASH USED IN INVESTING ACTIVITIES
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS
Cash and Cash Equivalents - Beginning of Year
CASH AND CASH EQUIVALENTS END OF YEAR
$
217,205
$
(359,967)
15,836
3,498
-
28,827
5,292
133,993
8,892
(144,899)
6,465
34,110
(42,946)
413,534
(507,228)
(2,460)
700
(1,900)
-
(1,760)
(1,900)
411,774
(509,128)
320,309
829,437
732,083
The Accompanying Notes are an Integral Part of These Financial Statements
-5-
2013
$
320,309
LA’s PROMISE
NOTES TO FINANCIAL STATEMENTS
June 30, 2014
PRELIMINARY DRAFT
October 29, 2014
NOTE 1 - ORGANIZATION
Mission - LA's Promise, a nonprofit organization, is working to radically shift the education,
health and social outcomes for thousands of youth in one South Los Angeles community. This will
accomplish a "neighborhood turnaround" in an area called LA's Promise Neighborhood.
LA's Promise Neighborhood is an enrollment zone that includes two large South Los Angeles high
schools and one middle school operated by LA’s Promise on a first-of-its-kind performance
contract with Los Angeles Unified School District (LAUSD). Within this zone, LA’s Promise goal is
to transform chronically failing public schools, open new schools and remake schools into
community hubs that offer comprehensive support services for students and families. The
mission of LA's Promise is to prepare every child in LA's Promise Neighborhood to be collegeready, healthy and successful in life. LA's Promise also screens and manages more than 50
partners who support these school communities by providing over 200 wraparound services.
Over the coming years, LA's Promise goal is to adopt feeder schools to build a K-12 educational
pipeline serving over 20,000 children. LA's Promise also plans to open charter schools to relieve
overcrowding that result from increased retention at the flagship high schools and to serve the
most academically disadvantaged students of LA's Promise Neighborhood.
Vision - LA’s Promise plans to expand its portfolio of schools to span K through 12th grades,
ensuring choice and equity to serve the community’s diverse educational needs and building a
college-ready pipeline for all the neighborhood’s children. LA’s Promise network includes large
beacon high schools and smaller, theme-focused schools; new schools and those with historical
legacy; schools run in partnership with LAUSD and those run as independent charters. LA’s
Promise is one of the only school operators in the country to use this blended approach, creating a
diverse and geographically centralized school network to accommodate the needs of an entire
community.
By 2015, the goals are that LA’s Promise Neighborhood will have graduated 6,000 of its children
and sent 5,000 on to college. An additional 13,000 will be enrolled in the LA’s Promise pipeline
on the road to college and a healthy, successful life.
LA’s Promise goals are to increase retention, college-readiness, and college matriculation for all of
the neighborhood’s children. Additionally, LA’s Promise schools serve as the hub of wraparound
services to support the whole child and family. Through LA’s Promise Resource Management
System (RMS), over 60 specially screened and managed partners satisfy a range of important
needs. A universal referral system ensures that community members of LA’s Promise
Neighborhood connect easily and efficiently with LA’s Promise service providers. Of particular
importance to the neighborhood will be community health clinics opened at each beacon high
school. These clinics will provide basic services (such as eye and dental care) to every child
enrolled at LA’s Promise schools.
-6-
LA’s PROMISE
NOTES TO FINANCIAL STATEMENTS
June 30, 2014
PRELIMINARY DRAFT
October 29, 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a)
BASIS OF PRESENTATION
The accompanying financial statements have been prepared on the accrual basis of
accounting.
(b)
ACCOUNTING
To ensure observance of certain constraints and restrictions placed on the use of
resources, the accounts of LA’s Promise are maintained in accordance with the principles
of net assets accounting. This is the procedure by which resources for various purposes
are classified for accounting and reporting purposes into net asset classes that are in
accordance with specified activities or objectives. Accordingly, all financial transactions
have been recorded and reported by net asset class as follows:
(c)
•
Unrestricted Net Assets. These generally result from revenues generated by
receiving unrestricted contributions, providing services, and receiving income
from investments less expenses incurred in providing program related services,
raising contributions, and performing administrative functions.
•
Temporarily Restricted Net Assets. LA’s Promise reports gifts of cash and
other assets as temporarily restricted support if they are received with donor
stipulations that limit the use of the donated assets. When a donor restriction
expires, that is, when a stipulated time restriction ends or the purpose of the
restriction is accomplished, temporarily restricted net assets are reclassified to
unrestricted net assets and reported in the statement of activities as net assets
released from purpose or time restrictions. LA’s Promise has $184,544 of
temporarily purpose restricted net assets at June 30, 2014.
•
Permanently Restricted Net Assets. These net assets are from donors who
stipulate that resources are to be maintained permanently, but permit LA’s
Promise to expend part of the income (or other economic benefits) derived from
the donated assets. LA’s Promise has no permanently restricted net assets at
June 30, 2014.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents are short-term, highly liquid investments with maturities of
three months or less at the time of purchase. The carrying value of cash and cash
equivalents at June 30, 2014 approximates its fair value.
LA’s Promise maintains its cash and cash equivalents in bank deposit accounts and other
investment accounts, which, at times, may exceed federally insured limits. LA’s Promise
has not experienced any losses in such accounts and believes it is not exposed to any
significant credit risk on cash and cash equivalents.
-7-
LA’s PROMISE
NOTES TO FINANCIAL STATEMENTS
June 30, 2014
PRELIMINARY DRAFT
October 29, 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(d)
CONTRIBUTIONS AND PLEDGES RECEIVABLE
Unconditional contributions, including pledges recorded at estimated fair value, are
recognized as revenues in the period received. LA’s Promise reports unconditional
contributions as restricted support if they are received with donor stipulations that limit
the use of the donated assets.
Discounts for pledges (pledges due over one year) are recorded as reductions to
contribution revenue and pledges receivable. Discounts increase contribution revenue
when the pledge is received.
At June 30, 2014, LA’s Promise evaluated the collectibility of pledges receivable and no
allowance for uncollectible pledges was considered necessary. All pledges are due to be
received within one year.
(e)
PROPERTY AND EQUIPMENT
Property and equipment are recorded at cost if purchased or at fair value at the date of
donation if donated. Depreciation is computed on the straight-line basis over the
estimated useful lives of the related assets. Maintenance and repair costs are charged to
expense as incurred. Property and equipment are capitalized if the cost of an asset is
greater than or equal to $1,000 and the useful life is greater than two years. The
estimated useful lives are as follows:
Furniture and Equipment
Leasehold Improvements
(f)
3 - 7 Years
3 Years
LONG-LIVED ASSETS
LA’s Promise evaluates long-lived assets and certain identifiable intangibles for
impairment whenever events or changes in circumstances indicate that the book value of
the assets may not be recoverable. An impairment loss is recognized when the sum of the
undiscounted future cash flows is less than the carrying amount of the asset, in which
case a write-down is recorded to reduce the related asset to its estimated fair value. No
such impairment losses were recognized on long-lived assets during the year ended June
30, 2014.
(g)
CONTRIBUTED GOODS AND SERVICES
Contributions of donated non-cash assets are recorded at fair value in the period
received. Contributions of donated services are recognized if the services received (a)
create or enhance long-lived assets, or (b) require specialized skills provided by
individuals possessing those skills, and would typically need to be purchased if not
provided by donation.
(h)
INCOME TAXES
LA’s Promise is exempt from federal taxation under Internal Revenue Code Section
501(c)(3) and California Revenue and Taxation Code Section 23701d.
-8-
LA’s PROMISE
NOTES TO FINANCIAL STATEMENTS
June 30, 2014
PRELIMINARY DRAFT
October 29, 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(i)
FUNCTIONAL ALLOCATION OF EXPENSES
The costs of providing LA’s Promise programs and other activities have been presented in
the statement of functional expenses. During the year, such costs are accumulated into
separate groupings as either direct or indirect. Indirect or shared costs are allocated
among program and support services by a method that best measures the relative degree
of benefit. LA’s Promise uses salary dollars to allocate indirect costs.
(j)
USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect certain
reported amounts and disclosures. Accordingly, actual results could differ from those
estimates.
(k)
COMPARATIVE TOTALS
The financial statements include certain prior-year summarized comparative information
in total but not by net asset class. Such information does not include sufficient detail to
constitute a presentation in conformity with accounting principles generally accepted in
the United States of America. Accordingly, such information should be read in
conjunction with LA’s Promise financial statements for the year ended June 30, 2013
from which the summarized information was derived.
(l)
SUBSEQUENT EVENTS
LA’s Promise has evaluated events and transactions occurring subsequent to the
statement of financial position date of June 30, 2014 for items that should potentially be
recognized or disclosed in these financial statements. The evaluation was conducted
through November _____, 2014, the date these financial statements were available to be
issued. No material events or transactions were noted to have occurred except at
disclosed in Note 4.
NOTE 3 - PROPERTY AND EQUIPMENT
Property and equipment at June 30, 2014 consist of the following:
Furniture and Equipment
Leasehold Improvements
$
TOTAL
167,905
45,568
213,473
Less: Accumulated Depreciation
and Amortization
PROPERTY AND EQUIPMENT (NET)
(199,402)
$
14,071
Depreciation and amortization expense for the year ended June 30, 2014 was $15,836.
-9-
LA’s PROMISE
NOTES TO FINANCIAL STATEMENTS
June 30, 2014
PRELIMINARY DRAFT
October 29, 2014
NOTE 4 - COMMITMENTS
LA’s Promise rents office space under a lease agreement, which expired in October 2014. Future
minimum payments under this lease totaled $27,848 during the year ending June 30, 2015. Rent
expense under facility operating leases for the year ended June 30, 2014 was $110,583, which is
included in occupancy in the statement of functional expenses. Refer to Note 7.
In September 2014, LA’s Promise entered into a 60 month lease for use of general office space in
Los Angeles CA, which expires in September 2019.
NOTE 5 - EMPLOYEE BENEFIT PLAN
Employees participate in a 403(b) defined contribution plan whereby they contribute a portion of
their salaries, tax deferred, into the plan. LA’s Promise makes discretionary matching
contributions to the plan each calendar quarter. Payments to the plan totaled $3,542 for the year
ended June 30, 2014.
NOTE 6 - COLLABORATIVE AGREEMENT WITH LAUSD
In October of 2008, LA’s Promise and the LAUSD entered into a comprehensive collaborative
educational services and performance agreement whereby LA’s Promise and the LAUSD agreed to
create a new model for delivery of LAUSD educational services in the City of Los Angeles, to
improve schools and school communities, develop best practices and share them throughout the
LAUSD. The LAUSD will utilize the educational services provided by LA’s Promise. The original
agreements expired on June 30, 2013. However, on October 9, 2012, LAUSD approved the five
year extension covering the period July 1, 2013, through June 30, 2018.
-10-
LA's Promise
Financial Statements
September 30, 2014
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
Page 1 of 15
LA's Promise
STATEMENT OF FINANCIAL POSITION
September 30, 2014
Unrestricted
Temporarily
Restricted
Total
ASSETS
Cash and Cash Equivalents
Pledges, Accounts and Grants Receivable
Other Receivable
Deposits
Prepaid Expenses and Other Assets
Property & Equipment (Net)
TOTAL ASSETS
$
1,244,836
172,040
31,698
15,600
25,214
15,878
$
586,911
-
$
1,831,747
172,040
31,698
15,600
25,214
15,878
$
1,505,266
$
586,911
$
2,092,177
$
49,779
170,435
$
$
49,779
170,435
LIABILITIES AND NET ASSETS
LIABILITIES:
Accounts Payable
Accrued Liabilities
220,214
TOTAL LIABILITIES
NET ASSETS:
Net Assets
TOTAL NET ASSETS
TOTAL LIABILITIES
AND NET ASSETS
$
-
220,214
1,285,052
586,911
1,871,963
1,285,052
586,911
1,871,963
1,505,266
$
586,911
$
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
2,092,177
Page 2 of 15
LA's Promise
STATEMENT OF ACTIVITIES
For the Year to Date
September 30, 2014
Unrestricted
REVENUE, GAINS AND SUPPORT:
Contributions - Individuals
Contributions - Corporations
Contributions - Foundations
Contributions - In-Kind (Non-Cash)
Interest and Dividend Income
Special Events, Net of Direct
Benefits of $107,864
Other Income
Net Assets Released from
Program Restrictions
$
TOTAL REVENUE, GAINS
AND SUPPORT
EXPENSES:
Program
General & Administrative
Fundraising
72.74%
10.42%
16.84%
TOTAL EXPENSES
43,500 $
530,622
1,505,000
(107,864)
-
1,000
25,000
-
41,517
(41,517)
2,012,775
(15,517)
Net Assets - Beginning
$
44,500
530,622
1,530,000
(107,864)
-
1,997,258
-
533,083
76,364
123,413
732,860
-
732,860
(15,517)
5,137
$
Total
533,083
76,364
123,413
1,279,915
CHANGES IN NET ASSETS
NET ASSETS - ENDING
Temporarily
Restricted
1,285,052
1,264,398
602,428
$
586,911
607,565
$
1,871,963
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
Page 3 of 15
LA's Promise
STATEMENT OF CASH FLOWS
For the Year to Date through
September 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Changes in Net Assets
Adjustments to Reconcile Change in Net Assets to
Net Cash Provided by Operating Activities
Depreciation
Pledges, Accounts and Grants Receivable
Other Receivable
Prepaid Expenses and Other Assets
Increase (Decrease) in:
Accounts Payable
Accrued Liabilities
NET CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
$ 1,264,398
3,395
(140,512)
(31,456)
17,162
(45,413)
46,617
1,114,192
1,108,991
Cash and Cash Equivalents - Beginning
CASH AND CASH EQUIVALENTS - ENDING
722,756
$ 1,831,747
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
Page 4 of 15
LA's Promise
Summary Budget - Variance Analysis
September 30, 2014
3 months represents 25% of the year.
Accrual Variance Analysis
Revenue
4000 · Unrestricted Contributions
4010 · Individuals
4020 · Corporations
4030 · Foundations and Trusts
4040 · Government
Total 4000 · Unrestricted Contributions
4110 · Individuals (TR)
4020 · Corporations (TR)
4130 · Foundations and Trusts (TR)
4910 · Special Events Contributions, net of costs
Total 4900 · Special Events Income
Total Revenue
Expense
5000 · Salaries and Personnel Costs
5015 · Officers & Directors Salaries
5020 · Administrative Salaries
5050 · Payroll Taxes
5060 · Employee Benefits
5061 · Retirement
5062 · Worker's Comp Insurance
5063 · Employee Medical Insurance
5064 · Employee Vision Insurance
5065 · Employee Dental Insurance
Total 5060 · Employee Benefits
5070 · Payroll Service Fees
Total 5000 · Salaries and Personnel Costs
$
09/30/14
2014/15
Budget
Actual
Total
43,500
530,622
1,505,000
2,079,122
1,000
25,000
-
$
1,006,380
708,392
2,432,268
4,147,040
-
Total
% Spent/
Earned
4.32%
74.91%
61.88%
N/A
50.14%
100% Budgeted in the above acct. #4010
N/A
100% Budgeted in the above acct. #4030
N/A Budgeted $1.7 mil. for Special Events combined
in the above acct. #4030.
N/A
50.76%
2,105,122
4,147,040
50,000
320,157
28,560
180
1,167
2,584
28,772
752
3,054
200,000
1,341,440
123,315
3,299
18,497
117,180
3,915
11,468
36,509
154,359
781
436,007
4,000
1,823,114
6200 · Facilities and Equipment
6210 · Depr & Amort - Allowable
6230 · Janitorial
6250 · Rent
6260 · Parking
6270 · Utilities
6271 · Space Rental
Total 6200 · Facilities and Equipment
3,395
2,295
27,849
4,234
2,725
40,499
17,500
9,100
111,000
11,200
15,500
6,000
170,300
19.40%
25.22%
25.09%
37.81% Purchased add'l parking validations
17.58%
0.00%
23.78%
6300 · Grants
6300 · Grants
6310 · Teacher Stipends
6320 · Student Scholarships
6325 · Incentives
6300 · Grants
53,001
103
53,105
9,000
21,325
65,100
95,425
0.00%
0.00%
81.42% Timing. Will be aligned at year-end.
100.00%
55.65%
25.00%
23.87%
23.16%
100.00%
35.37%
13.97%
24.55%
19.21%
26.63%
23.65%
19.52%
23.92%
6400 · Operations
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
Page 5 of 15
LA's Promise
Summary Budget - Variance Analysis
September 30, 2014
3 months represents 25% of the year.
Accrual Variance Analysis
6410 ·
6420 ·
6425 ·
6430 ·
6440 ·
6450 ·
6455 ·
6460 ·
6470 ·
Books, Subscriptions, Reference
Postage, Mailing Service
Messenger
Printing and Copying
Supplies
Telephone, Telecommunications
Software
Equipment Purchases
Gifts
6480 · School Expenses
6490 · Equipment Rental & Maintenance
6510 · Insurance - Liability, D & O
09/30/14
2014/15
Budget
Actual
Total
2,860
212
100
2,745
12,297
5,082
3,149
3,030
229
1,100
4,000
1,650
17,050
104,310
36,650
13,000
17,200
5,350
650
647
6,935
36,200
10,500
30,000
305
(554)
6520 · Memberships & Dues
6560 · Licenses & Fees
6570 · Bank Fees
6580 · Other Costs
Total Operations Expenses
260.01%
5.30%
6.05%
16.10%
11.79%
13.87%
24.23%
17.62%
4.29%
Purchased safe & civil school materials
Timing
Timing
Timing
1.80% Timing
6.16% No billing for equip. rental & maintenance in Jul
23.12%
0.00% Timing
0.00% Timing
101.66%
-0.69% Recycle return credit
10.26%
37,687
367,310
6,155
3,195
905
12,632
22,887
10,740
42,900
7,900
72,350
133,890
57.31% Safe & Civil Schools - training
7.45% Timing
11.46%
17.46%
17.09%
160
27,100
15,534
5,307
433
4,000
88,115
2,025
142,674
450
1,500
117,640
88,850
17,500
3,000
30,000
400,346
21,500
680,786
35.56%
0.00%
23.04%
17.48%
30.32% Will be under budget by $2.3K at year-end.
14.44%
13.33% Timing
22.01%
9.42% Timing
20.96%
$
107,864
107,864
2
840,724
$
500,000
500,000
3,770,826
$
1,264,398
$
376,214
6600 · Travel & Meetings
6610 · Conference, Convention, Meeting
6620 · Travel
6630 · Meals & Entertainment
6640 · Food & Catering
Total 6600 · Travel and Meetings
6800 · Contract Services
6805 · Recruiting
6810 · Fundraising Fees
6820 · Accounting Fees
6840 · Outside Contract Services
6850 · Website
6860 · Fingerprinting
6870 · Design
6890 · Instructional/program consultants
6895 · Operations Consultants
Total 6800 · Contract Services
7000 · Fundraising Events
7010 · Special Events Expense
Total 7000 · Special Events
7110 . State & Local Taxes
9999 ∙ Suspense
Total Expense
Change in Net Assets
1,000
8,700
300
80,300
Total
% Spent/
Earned
21.57%
21.57%
N/A
N/A
22.30%
336.08%
UNAUDITED INTERIM FINANCIAL STATEMENTS - FOR INTERNAL MANAGEMENT USE ONLY
Page 6 of 15
Cash Flow Projection Active
LA's Promise
Cash Flow Projection
FY 2014-2015
4 out of 12 months represents 33% of the year.
Actual
Jul 13- Jun
14
Cash, Beginning
320,308
4000 · Unrestricted Contributions
4010 · Individuals
73,332
4020 · Corporations
237,500
4030 · Foundations and Trusts
2,419,270
4040 · Government
Total 4000 · Unrestricted Contributions
4130 · Foundations and Trusts
5,000
4200 · Donated Goods, Services and Facilit
4600 · Miscellaneous Revenue
4610 · Miscellaneous Income
Total 4600 · Miscellaneous Revenue
4800 · Investment Revenue
4810 · Dividend, Interest (Securities)
2,971
4820 · Interest-Savings, Short-term CD
Total 4800 · Investment Revenue
4900 · Special Events Income
500,371
4910 · Special Events Contributions, net
Prior Year A/R
Total 4900 · Special Events Income
Total Revenue
3,238,444
5000 · Salaries and Personnel Costs
5020 · Administrative Salaries
5050 · Payroll Taxes
5060 · Employee Benefits
5061 · Retirement
5062 · Worker's Comp Insurance
5063 · Employee Medical Insurance
5064 · Employee Vision Insurance
5065 · Employee Dental Insurance
5067 COBRA Benefits
Total 5060 · Employee Benefits
5070 · Payroll Service Fees
Total 5000 · Salaries and Personnel Costs
6200 · Facilities and Equipment
6210 · Depr & Amort - Allowable
6220 · Donated Facilities
6230 · Janitorial
6240 · Property Insurance
6250 · Rent
6260 · Parking
6270 · Utilities
6271 · Space Rental
Total 6200 · Facilities and Equipment
1,255,031
107,608
1,176
3,542
10,771
86,806
2,524
8,434
931
3,637
8,960
110,583
12,958
8,608
16,902
-
14/15 Final
Budget
Total
Actual
Actual
PROJ
Jul-14
Aug-14
Sep-14
834,256
805,486
Oct-14
PROJ
PROJ
Nov-14
PROJ
Dec-14
PROJ
Jan-15
PROJ
Feb-15
Mar-15
PROJ
Apr-15
PROJ
PROJ
May-15
Projected
Variance
Over/ (Under)
Jul 14-Jun15
Budget
Jun-15
983,821
2,048,419
2,497,245
2,390,097
2,505,150
2,272,702
2,170,145
2,188,947
2,270,373
2,063,675
834,256
68,794
835,040
10,000
390,500
27,000
130,000
166,000
209,000
27,500
20,000
182,000
110,000
5,000
33,000
-
5,000
97,500
15,000
48,500
3,000
22,500
250,000
250,000
95,000
446,000
1,912,540
2,174,823
95,000
99,500
2,252,540
1,206
5,000
42,000
1,700,000
270,000
806
392,824
11,000
680,000
331,999
4,147,040
319,012
403,824
1,583,834
732,499
157,000
375,000
27,500
312,000
288,000
352,500
63,500
25,500
1,541,440
123,315
99,501
9,232
75
467
828
8,990
256
897
241
680
9,283
1,609
744
-
128,453
10,276
249
9,483
302
956
333
758
9,250
933
1,292
500
-
132,653
10,612
249
10,811
302
956
333
758
22,000
981
1,292
500
-
132,653
10,612
249
10,108
302
956
333
758
4,000
933
1,292
500
-
132,653
10,612
249
10,108
302
956
333
758
733
1,292
500
-
132,653
10,612
249
10,108
302
956
333
758
733
1,292
500
-
132,653
10,612
249
10,108
302
956
333
758
733
1,292
500
-
132,653
10,612
249
10,108
302
956
333
758
9,250
733
1,292
500
-
132,653
10,612
249
11,985
302
956
333
758
9,250
733
1,292
500
-
132,653
10,612
249
11,108
302
956
333
758
9,250
733
1,292
500
-
132,653
10,612
249
11,108
302
956
333
758
9,250
733
1,292
500
-
3,299
18,497
117,180
3,915
11,468
4,000
17,500
9,100
111,000
11,200
15,500
6,000
-
PROJ
126,745
8,897
90
467
828
8,080
562
(51)
246
765
(0)
112
-
-
-
-
-
-
-
4,640,169
1,548,579
123,916
165
3,421
1,656
122,105
3,836
10,403
3,820
9,028
81,533
9,702
13,661
5,000
-
0
346,500
(340,000)
474,823
481,323
7,139
601
165
122
(16,841)
4,925
(79)
(1,065)
(180)
(17,500)
(72)
(29,467)
(1,498)
(1,839)
(1,000)
-
Cash Flow Projection Active
LA's Promise
Cash Flow Projection
FY 2014-2015
4 out of 12 months represents 33% of the year.
Actual
Jul 13- Jun
14
6300 · Grants
6400 · Operations
6410 · Books, Subscriptions, Reference
6420 · Postage, Mailing Service
6425 · Messenger
6430 · Printing and Copying
6440 · Supplies
6450 · Telephone, Telecommunications
6455 · Software
6460 · Equipment Purchases
6470 · Gifts
6480 · School Expenses
6490 · Equipment Rental & Maintenance
6510 · Insurance - Liability, D & O
6520 · Memberships & Dues
6530 · Staff Development
6550 · Computer
6560 · Licenses & Fees
6570 · Bank Fees
6580 · Other Costs
Total Operations Expenses
6600 · Travel & Meetings
6610 · Conference, Convention, Meeting
6620 · Travel
6630 · Meals & Entertainment
6640 · Food & Catering
6650 · Teachers Lounge
Total 6600 · Travel and Meetings
6800 · Contract Services
6805 · Recruiting
6810 · Fundraising Fees
6820 · Accounting Fees
6830 · Legal Fees
6840 · Outside Contract Services
9,810
3,428
2,280
1,916
10,776
41,303
23,855
15,103
19,355
7,660
20,886
9,114
28,549
4,132
142
2,253
5,334
14,442
24,003
6,458
57,685
1,349
830
599
124,419
175,871
6850 · Website
12,534
6860 · Fingerprinting
2,046
6870 · Design
19,263
6880 · Translations
150
6890 · Instructional/program consultant
377,870
6895 · Operations Consultants
6,014
Total 6800 · Contract Services
7000 · Fundraising Events
7010 · Special Events Expense
56,594
Total 7000 · Special Events
9999 Suspense
Total Expense
2,724,496
Cash, Ending
834,256
14/15 Final
Budget
Actual
Actual
PROJ
PROJ
PROJ
PROJ
PROJ
PROJ
PROJ
PROJ
PROJ
PROJ
Total
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
95,425
5,301
3,710
518
523
6,578
3,225
5,785
492
240
179
2,312
199
6,050
1,323
1,118
2,833
(0)
160
10,500
1,911
32,001
72
1,715
4,095
1,546
1,294
(615)
56
300
439
2,312
83
(8)
1,660
326
228
1,654
80
8,000
1,970
3,770,826
(3,150)
74
2,475
77,587
6,390
78,645
347,782
4,667
74
52
16,745
225,488
1,458
250
2,500
33,362
1,792
250,000
519,236
1,458
250
2,500
29,137
1,792
283,673
1,458
250
2,500
28,362
1,792
264,147
1,458
250
2,500
28,362
1,792
259,947
1,458
250
2,500
28,362
1,792
259,947
1,458
250
2,500
28,362
1,792
154,610
414,557
1,458
250
2,500
28,362
1,792
269,197
1,458
250
2,500
28,362
1,792
271,074
1,458
250
2,500
28,362
1,792
270,197
1,458
250
2,500
28,362
1,792
270,197
376,214
805,486
983,821
2,048,419
2,497,245
2,390,097
2,505,150
2,272,702
2,170,145
2,188,947
2,270,373
2,063,675
1,818,978
1,100
4,000
1,650
17,050
104,309
36,650
13,000
17,200
5,350
36,200
10,500
30,000
1,000
8,700
300
80,300
10,740
42,900
7,900
72,350
450
1,500
117,640
88,850
17,500
3,000
30,000
400,348
21,500
500,000
-
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
7,952
92
333
138
1,421
8,692
3,054
1,083
1,433
446
3,017
875
2,500
83
725
25
6,692
895
3,575
658
6,029
38
125
9,803
7,404
Projected
Variance
Over/ (Under)
Jul 14-Jun15
Budget
116,823
4,627
3,852
1,447
16,447
97,598
35,313
17,912
14,211
4,755
30,467
9,369
29,623
833
7,250
532
66,908
16,660
37,400
7,930
64,778
(0)
615
1,250
116,533
77,923
21,398
3,527
(148)
(203)
(603)
(6,711)
(1,337)
4,912
(2,989)
(595)
(5,733)
(1,131)
(377)
(167)
(1,450)
232
(13,392)
5,920
(5,500)
30
(7,572)
(0)
165
(250)
(1,107)
(10,927)
16,100
2,648
27,475
367,038
24,307
500,000
3,655,447
(1,400)
(352)
(2,525)
(33,310)
2,807
0
(115,379)
1,818,978
596,702
CASH FLOW REVENUE PROJECTIONS
CATEGORY
Jul-14
Aug-14
Sep-14
Individuals
$
1,206
$
-
$
Corporations
$
5,000
$
-
$
Foundations & Trusts
$
42,000
$
-
$
Special Events
$
270,000
$
392,824
$
Prior Year A/R
$
806
$
11,000
$
403,824
Oct-14
68,794
-
$
-
Dec-14
$
Jan-15
-
Feb-15
Mar-15
Apr-15
$
-
$
20,000
$
5,000
$
$
10,000
$
27,000
$
166,000
$
-
$
182,000
$
33,000
$
835,040
$
390,500
$
130,000
$
209,000
$
$
110,000
$
680,000
$
331,999
$
1,583,834
$
732,499
$
68,794
-
$
Nov-14
$
-
$
27,500
-
$
-
-
May-15
-
$
$
95,000
$
95,000
$
0
15,000
$
3,000
$
446,000
$
99,500
$
346,500
48,500
$
22,500
$
1,912,540
$
2,252,540
$
(340,000)
$
2,174,823
$
1,700,000
$
474,823
$
4,628,363
$
4,147,040
$
481,323
$
70,000
$
97,500
$
$
250,000
$
$
288,000
$
352,500
$
-
$
-
Over/(Under)
Budget
Variance
$
250,000
$
TOTAL Projected FY14-15 Budget
5,000
$
-
Jun-15
-
In-Kind
Special Appeal
TOTAL
$
319,012
Various
Individuals
$
157,000
$
$
1,206
$
70,000
$
AT&T
Corporations
$
3,000
$
3,000
$
3,000
$
-
BofA
Corporations
$
2,000
$
2,000
$
2,000
$
-
Citi
Corporations
Fox
Corporations
Goldman
Corporations
Guggenheim
Corporations
Honda
Corporations
JPMC
Corporations
$
-
Kaiser
Corporations
$
2,000
Karsh
Corporations
Kennedy/Marshall
Corporations
$
-
$
-
LA Lakers
Corporations
$
-
$
Lowe's
Corporations
$
-
$
Nielsen
Corporations
Nordstrom
Corporations
Onewest
Corporations
Ralphs(.5 prfd)
Corporations
Salem Partners
Corporations
So Cal Gas
Corporations
Stone Family
Corporations
Todd Wagner
Corporations
Toyota
Corporations
US Bank
Corporations
Verizon
Corporations
$
Wells Fargo (.5 prfd)
Corporations
$
Various
Corporations
Ahmanson Fdn
Foundations & Trusts
Amgen
Foundations & Trusts
Annenberg (none prfd)
Foundations & Trusts
CA Endow Fdn (BMOC)
Foundations & Trusts
CA Endow (Health)
Foundations & Trusts
CA Endow Fdn (TIG)
Foundations & Trusts
CA Wellness Fdn
Foundations & Trusts
$
-
$
Carson Fdn
Foundations & Trusts
$
-
$
Cal State University
Foundations & Trusts
$
-
CCF (PAT)
Foundations & Trusts
CCF PAT Incentive
Foundations & Trusts
$
3,500
CCF/Ford Foundation
Foundations & Trusts
$
35,000
CCF Pat Plus
Foundations & Trusts
$
25,000
CA Emerging Tech Fud
Foundations & Trusts
$
17,000
Collins Fdn
Foundations & Trusts
College Access Fdn
Foundations & Trusts
Crail Johnson Fdn
Foundations & Trusts
Drown Fdn
Foundations & Trusts
Edward Hazen Fdn
Foundations & Trusts
Eisner Family Fdn
Foundations & Trusts
$
-
Gilbert Fdn
Foundations & Trusts
$
-
Green Fdn
Foundations & Trusts
John Kissick Family Fdn
Foundations & Trusts
$
Lift Foundation
Foundations & Trusts
$
Lucas Family Fdn
Foundations & Trusts
Otis Booth Fdn
Foundations & Trusts
Parsons
Foundations & Trusts
$
Ressler/Gertz Family Fdn
Foundations & Trusts
$
Rose Hills Fdn
Foundations & Trusts
$
Roth Family Fdn
Foundations & Trusts
Stuart Fdn
Foundations & Trusts
Televisa
Foundations & Trusts
TIG - CCF
Foundations & Trusts
$
375,000
146,000
$
27,500
$
312,000
20,000
$
20,000
$
$
70,000
$
216,000
$
70,000
$
$
70,000
$
70,000
$
70,000
$
5,000
-
$
$
15,000
10,000
$
3,000
20,000
25,000
$
-
5,000
$
-
$
10,000
$
$
20,000
$
-
-
$
-
$
-
$
-
$
-
$
$
-
$
2,000
$
(2,000)
$
2,000
$
2,000
$
-
$
5,000
$
5,000
$
-
$
-
-
$
-
-
$
-
$
15,000
$
15,000
$
$
13,000
$
3,000
$
$
20,000
$
20,000
$
$
25,000
$
7,500
$
17,500
$
5,000
$
$
5,000
$
10,000
$
2,000
$
8,000
$
20,000
$
20,000
$
$
3,000
$
$
-
-
-
(3,000)
$
-
-
$
2,000
$
2,000
$
-
-
$
3,000
$
3,000
$
3,000
$
-
-
$
15,000
$
15,000
$
15,000
$
-
$
-
667,000
$
333,000
$
$
$
75,000
150,000
-
$
100,000
$
$
5,000
23,040
$
$
$
1,000,000
$
$
75,000
$
$
150,000
$
$
100,000
$
$
5,000
$
$
(200,000)
$
(40,000)
5,000
$
-
-
$
-
-
$
-
$
-
$
50,000
$
-
$
$
3,500
$
3,500
$
-
$
35,000
$
35,000
$
-
$
25,000
$
25,000
$
-
$
40,040
$
40,040
$
20,000
$
110,000
110,000
$
$
$
$
$
10,000
$
$
14,000
$
$
-
$
$
10,000
$
45,000
$
$
$
$
5000
10,000
10,000
-
140,000
$
35,000
10,000
14,000
45,000
-
$
$
-
$
350,000
$
35,000
1,000,000
75,000
20,000
$
-
$
$
-
-
$
$
50,000
-
10,000
$
2,000
$
$
146,000
$
$
$
$
-
$
$
$
25,500
20,000
$
$
$
$
$
$
63,500
110,000
35,000
$
20,000
$
-
$
-
$
-
$
-
$
$
-
$
-
$
$
50,000
$
14,000
$
$
300,000
$
$
45,000
$
10,000
(300,000)
-
$
-
$
$
-
$
-
$
-
$
-
-
$
-
$
-
-
$
-
$
10,000
10,000
-
$
10,000
$
-
$
10,000
$
10,000
$
-
$
10,000
$
5,000
$
-
$
5,000
$
-
$
$
-
-
CASH FLOW REVENUE PROJECTIONS
CATEGORY
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
TOTAL Projected FY14-15 Budget
Over/(Under)
Budget
Variance
United Way
Individuals & Trusts
Foundations
$
-
$
USA Fund
Foundations & Trusts
$
-
$
-
$
Venable
Foundations & Trusts
$
-
$
-
$
Walton
Foundations & Trusts
Wasserman Fdn
Foundations & Trusts
Weingart Fdn
Foundations & Trusts
Wells Fargo
Foundations & Trusts
Wunderkinder Fdn
Foundations & Trusts
Corporations+Fdns
GALA
Prior Year A/R
7500
7500
7500 $
7500
$
100000
5000
20000
5000
48,206 $
270,806 $
(806) $
$
403,824 $
(11,000) $
903,834
680,000
-
$
$
$
400,500
331,999
-
$
$
$
157,000
-
$
$
$
375,000
-
$
$
$
27,500
-
$
$
$
292,000 $
20,000 $
(20,000) $
33,000 $
255,000 $
(5,000) $
102,500
250,000
-
$
$
$
63,500
-
$
$
$
25,500
-
-
$
5,000
$
-
$
5,000
$
20,000
$
-
$
20,000
$
5,000
$
-
$
5,000
$
-
$
$
$
$
$
2,428,540 $
2,199,823 $
(25,000) $
2,517,040
1,630,000
70,000
$
-
$
--
150,000
30,000
100,000
$
$
$
$
$
30,000
$
$
$
(50,000)
-(88,500)
569,823
(95,000)
MOU
To prepare every child in LA’s Promise Neighborhood to be
college-ready, healthy and successful in life.
LA’s Promise Board of Directors Meeting
Closed Session
Salem Partners
11111 Santa Monica Blvd. Suite #2250, Los Angeles, CA 90025
Tuesday December 2, 2014
3:00 PM – 4:30 PM
Materials related to an item on this agenda submitted to the Board of Directors of LA’s Promise, including those
submitted after the initial distribution of the agenda, are available for public inspection prior to the meeting at
202 West 1st St., Suite 4-0160, Los Angeles, CA 90012.
Agenda Item
Estimated Time
1. 2015 Goals & Update
a. Development
b. Instructional
c. Program
3:15– 4:05
2. Updates
a. LAUSD Update
b. Strategic Plan
c. Promise Zone
d. LA’s Promise Move
4:05– 4:30
Adjourn
CLASS
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
FDN
FDN
FDN
FDN
FDN
FDN
TIER)(F/A/C/I)
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
F
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
NAME
ASK
American-Honda-Foundation
AT&T-Aspire
AT&T-Corporate
Bank-of-America-Corporation-(Charitable-Foundation)
Best-Buy-Foundation
Brooks-Run-B'Cause
Capital-Group-Companies,-Inc
Charles-&-Helen-Schwab-Foundation
Citi-Foundation
Citi-Local
Coca-Cola
CVS-Health-Foundation-(CVS-Caremark-Charitable-Trust)
DirecTV
Dodgers-Foundation
Guggenheim-Partners
Jamba-Juice
Kaiser-Permanente-(Central)
Lowe's-Toolbox-for-Education
Marsh,-LLC.-/-Marsh-&-McLennan-Companies
Mutual-of-America-Community-Partnership-Award-Competition
NBC4-Southern-California-(21st-Century-Solutions)
Nordstrom,-Inc.
OneWest-Bank
Southern-California-Edison-(SCE)
State-Farm-(Celebrate-My-Drive)
State-Farm-(Youth-Advisory-Board)
State-Farm-Good-Neighbor-Citizenship-Grant
Televisa-Foundation
Time-Warner-Cable
U.S.-Bank
Union-Bank
Warner-Brothers-Pictures-(WB-Pictures)
Wellpoint-Foundation
Wells-Fargo
Ahmanson-Foundation
California-College-Guidance-Initiative-(CCGI)
California-Community-Foundation-(Ford-Foundation-Fund)
California-Community-Foundation-(PAT-Incentive-Fund)
California-Department-of-Education-/-State-School-Board
California-Education-Policy-Fund
[ANTICIPATED])GET
DEADLINE
$75,000
$100,000
$15,000
$5,000
$100,000
$10,000
$0
$50,000
$150,000
$300,000
$30,000
$100,000
$50,000
$250,000
$20,000
$50,000
$1,500
$150,000
$5,000
$100,000
$25,000
$100,000
$10,000
$100,000
$10,000
$100,000
$80,000
$25,000
$25,000
$25,000
$15,000
$40,000
$20,000
$10,000
$75,000
$50,000
$50,000
$100,000
$5,000
$10,000
$2,000
$0
$5,000
$20,000
$10,000
$30,000
$25,000
$5,000
$47,000
$20,000
$5,000
$400
$2,000
$5,000
$10,000
$2,000
$5,000
$3,000
$20,000
$2,000
$1,000
$5,000
$10,000
$25,000
$5,000
$2,000
$5,000
$2,000
$5,000
$25,000
$5,000
$2,000
$35,000
$5,000
1/1/15
1/1/15
4/15/15
1/15/15
6/27/15
6/1/15
9/8/14
3/15/15
6/1/15
11/20/14
12/5/14
12/15/15
9/15/15
12/1/15
3/15/15
3/10/15
1/15/15
5/30/15
12/5/14
4/1/15
7/1/15
10/1/15
1/15/15
2/1/15
10/7/15
5/3/15
10/31/14
1/15/15
2/15/15
3/1/15
1/15/15
2/10/15
9/11/15
3/14/15
3/1/15
1/1/15
3/15/15
3/31/15
$100,000
$5,000
5/23/15
EXPECTED)FUNDING)DATE
January
In-Kind-Shoes
February
January
January
Summer-2015
June
February
April
March
July
January
June?
January
Research
Online-Application
September
April
March
March
April
January
May
January
Spring/Summer
November
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
IND
A
A
A
A
A
A
C
A
A
A
A
A
C
A
A
C
A
A
C
A
A
A
A
A
A
A
A
C
C
A
C
A
A
C
C
California-Endowment-(TIG)
$5,000
California-Wellness-Foundation
$50,000
Cindy-and-Sheldon-Stone-(Oaktree-Capital)
$100,000
Conrad-N-Hilton-Foundation
$250,000
CraildJohnson-Foundation
$100,000
Dwight-Stuart-Youth-Foundation
$100,000
Edna-McConnell-Foundation
$250,000
Eisner-Foundation
$500,000
Fast-Pitch
$0
James-Irvine-Foundation-/-Leadership-Award
$325,000
John-W.-Carson-Foundation-(JWC-Fdn)
$50,000
Kresge-Foundation
$250,000
Karsh-Family-Foundation
$250,000
LA2050
$100,000
LA84-Foundation
$20,000
Lumina-Foundation
$100,000
Peter-F-Drucker-Award-for-NFP-Innovation
$100,000
Ralph-M-Parsons-Foundation
$150,000
Robert-Wood-Johnson-Foundation
$150,000
Rockefeller-Philanthropy-Advisors-(California-Education-Policy-Fund/CEPF)
$100,000
Rosalinde-and-Arthur-Gilbert-Foundation
$125,000
Roy-(and-Patricia)-Disney-Family-Foundation
$10,000
Saucony-Run-For-Good
$8,270
Sound-Body,-Sound-Mind-(JMMS,-MAHS)
$5,000
Sound-Body,-Sound-Mind-(WA,-new)
$50,000
Stuart-Family-Foundation
$100,000
Taproot-Foundation0
USA-Funds
$25,000
W.K.-Kellogg-Foundation
Wasserman-Foundation
$500,000
Wallace-Foundation
$100,000
Weingart-Foundation
$25,000
WM-Keck-Foundation
$250,000
Women's-Sports-Foundation
$10,000
Charles-B.-Seelig-Jr.-(Goldman)
$10,000
$6,674,770
CORP
CORP
CORP
CORP
C
C
C
C
Activision-Publishing,-Inc
AEG
Aetna
American-Express
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
$25,000
$35,000
$100,000
$10,000
$5,000
$5,000
$5,000
$50,000
$100,000
$10,000
$5,000 Open
$10,000
$0
$125,000
$5,000
$100,000
$10,000
$10,000
$1,000
$2,000
$1,000
$100,000
$2,000
$1,000
$25,000
$5,000
$1,000
$5,000
$50,000
$25,000
0
$3,000
$5,000
$2,500
$25,000
$100,000
$10,000
$5,000
$1,193,900
$5,000
$5,000
$25,000
$5,000
4/1/15
1/15/15
3/15/15
6/12/15
12/11/14
1/24/14
Mard15
6/1/15
7/9/14
5/30/15
12/15/15
2/1/15
1/15/15
7/31/15
1/1/15 June
1/30/15 March
6/30/15
1/15/15 June
3/1/15
3/1/15
1/15/15
6/13/15
5/31/15
9/30/15
3/15/15
9/20/15
1/15/15
12/15/15
4/1/15
9/1/14
1/24/15
12/16/15
1/15/15
October
January
Decd15
June
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
CORP
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
Anschutz-Film-Group,-LLC
Bank-of-the-West
Canyon-Partners,-LLC
Cedars-Sinai
Dell
Deutsche-Bank-USA
DreamWorks-Studios
Entertainment-Industry-Foundation
FedEx-Corporation
HBO
Herbalife-Family-Foundation-(Mark-Hughes)
Lakers-Youth-Foundation
Landmark-Theaters-/-Todd-Wagner-Family
Lightstorm-Entertainment-Inc-(J-Cameron)
Lionsgate-Entertainment
LucasFilm-Production
Michael-and-Susan-Dell-Family-Foundation
NBC-Universal
Netflix-(Reed-Hastings)
Neutrogena
Northern-Trust-Bank
Relativity-Media,-LLC.-(Ryan-Kavanaugh)
Roll-Corporation
Sempra-Energy
Shell-Foundation
Travelers-Insurance,-Inc.
United-Talent-Agency
Univision
UPS
Venable-Foundation
Whole-Foods
WME-d-IMG-Entertainment
Angell-Foundation
Annie-E.-Casey-Foundation
Anthony-and-Jeanne-Pritzker-Family-Foundation
Atlas-Family-Foundation-(Richard-Atlas)
Bill-&-Melinda-Gates-Foundation
Bloomberg-Philanthropies
Boone-Family-Foundation
Carl-&-Roberta-Deutsch-Foundation
David-&-Linda-Shaheen-Foundation
$20,000
$20,000
$50,000
$25,000
$250,000
$10,000
$100,000
$10,000
$10,000
$50,000
$10,000
$10,000
$50,000
$20,000
$0
$25,000
$500,000
$100,000
$30,000
$15,000
$100,000
$20,000
$25,000
$25,000
$10,000
$2,000
$2,000
$5,000
$5,000
$20,000
$5,000
$5,000
$5,000
$2,000
$5,000
$2,000
$2,000
$5,000
$5,000
$0
$10,000
$5,000
$2,000
$5,000
$5,000
$10,000
$5,000
$2,500
$5,000
$2,000
$50,000
$50,000
$10,000
$10,000
$6,000
$25,000
$100,000
$150,000
$50,000
$25,000
$50,000
$150,000
$5,000
$25,000
$2,000
$2,000
$6,000
$5,000
$2,000
$2,000 N/A
$2,000
$2,000
$2,000
$2,000
$20,000
$20,000
$10,000
$5,000
5/1/14
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
IND
IND
IND
IND
IND
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
C
Ford-Foundation
Frieda-C.-Fox-Family-Foundation
George-Lucas-Educational-Foundation-(GLEF)
Harry-and-Florence-Sloan-Foundation
Helios-Education-Foundation
Herb-Alpert-Foundation
Herman-Foundation
Jack-Kent-Cooke-Foundation
John-and-James-L.-Knight-Foundation
Kresge-Foundation
Los-Angeles-County-Education-Foundation-(LACEF)
Marilyn-and-Jeffrey-Katzenberg-Foundation
Mark-Hughes-Foundation-/-Herbalife
New-Schools-Venture-Fund
Open-Society-Foundations
Pritzker-Family-Foundation
ResslerdGertz-Family-Foundation-(Ares-CodFounder)
Rosenthal-Family-Foundation
Rotary-International-District-5280
Stone-Family-Foundation
Terry-and-Jane-Semel-Charitable-Foundation
USC's-Neighborhood-Academic-Initiative-(NAI)
Wallace-Foundation
William-H.-Hannon-Foundation
Winebaum-Family-Charitable-Trust
Zemeckis-Charitable-Foundation
Alex-Kurtzman-&-Samantha-Counter
David-&-Meredith-Kaplan
Lorenzo-and-Kimberly-di-Bonaventura
Neal-&-Sarah-Moritz
Rob-&-Shari-Friedman-(Lionsgate-CodChairman)
CORP
CORP
CORP
FDN
FDN
FDN
FDN
FDN
F
F
F
F
F
F
F
F
Fox-Studios
Goldman-Sachs
Southern-California-Gas-Company
Annenberg-Foundation
California-Community-Foundation-(PAT)
California-Emerging-Technology-Fund
California-Endowment-(BMOC)
California-Endowment-(MAHS-Health)
$150,000
$50,000
$0
$20,000
$0
$10,000
$2,000
$5,000
$0
$5,000
$0
$5,000
$0
$300,000
$50,000
$218,850
$100,000
$10,000
$0
$2,000
$2,000
$5,000
$10,000
$2,000
$150,000
$100,000
$100,000
$10,000
$5,000
$100,000
$10,000
$15,000
$100,000
$10,000
$10,000
$10,000
$10,000
$25,000
$50,000
$25,000
$25,000
$4,034,850
$2,000
$2,000
$2,000
$20,000
$5,000
$2,000
$1,000
$2,000
$2,500
$2,500
$10,000
$331,500
$663,000
$142,635
$150,000
$10,000
$100,000
$50,000
$57,200
$351,440
$200,000
$142,635
$100,000
$10,000
$75,000
$50,000
$38,000
$351,440
$200,000
$5,000
$2,000
$2,000
11/1/14 January
6/15/14
12/15/14 February
9/1/15
8/1/14
1/15/15
7/15/14
12/31/14 December
12/31/14 January
Jand15
FDN
FDN
FDN
CORP
CORP
CORP
CORP
CORP
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
FDN
IND
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
C
College-Access-Foundation
Otis-Booth-Foundation
Roth-Family-Foundation
Kaiser-Permanente-(Local/WLA)
Nielsen-Company
Ralphs-Food-4-Less
Toyota-Motor-Sales,-U.S.A.
Verizon-Communications-d-Innovate-Award
Americorps
Amgen-Foundation
California-Community-Foundation-(PAT-Plus)
Carol-&-James-Collins-Foundation
Green-Foundation
Joseph-Drown-Foundation
L.I.F.T.-Foundation-(Susan-Kozlowski)
United-Way
Walton-Family-Foundation
George-Lucas-Family-Foundation
CORP
CORP
FDN
FDN
I
I
I
C
Boeing
Boeing-Company
Magic-Johnson-Foundation
Rose-Hills-Foundation
$156,000
$10,000
$15,000
$10,000
$15,000
$25,000
$50,000
$40,000
0
$1,000,000
$100,000
$25,000
$20,000
$100,000
$45,000
$75,000
$100,000
$100,000
$2,947,275
$156,000
$10,000
$15,000
$10,000
$15,000
$25,000
$10,000
$40,000
0
$1,000,000
$50,000
$15,000
$20,000
$50,000
$45,000
$28,000
$100,000
$5,000
$2,561,075
$25,000
$25,000
$100,000
$10,000
$160,000
$10,000
$10,000
$2,000
$2,000
$24,000
11/28/14
12/1/14
12/15/14
6/9/15
1/1/15
7/25/15
5/1/15
6/1/14
4/25/14
6/1/15
6/15/14
2/15/15
11/26/14
8/15/14
4/1/15
5/1/15
5/1/15
December
May
July
March
Report-Due
March
February
January
Veronica-Reach-Out-for-2015d16-renewal
12/1/14
9/22/14 April
Try-again-in-Summer-2015
Outstanding 2014 Gala Pledges
Name
Deposit Date
7/30/14
Disney (Joan McCarthy)
7/15/14
Disney Matching (Kathleen Kennedy)
9/16/14
Fox entities (21st Century, FX, 20th Century)
7/30/14
Frank Marshall & Kathleen Kennedy
8/19/14
Gil Cedillo
11/03/14
Imagine Entertainment
9/16/14
Jeff Katzenberg (Dreamworks)
7/15/14
9/16/14
9/24/14
9/16/14
9/16/14
9/16/14
11/03/14
9/8/14
9/16/14
9/24/14
Kissick Family Foundation
Los Angeles Dodgers (4 tickets)
Maxus
Mayer Brown
Morgan Stanley
Participant Media
Sheldon Stone
United Way, Inc. (Ryan Smith)
Wells Fargo (Ken Vils)
Will & Emery McDermott (Stuart Davis & Ray
Jacobson)
Amount
$25,000.00
$15,000.00
$13,750.00
$50,000.00
$5,000.00
$10,000.00
$25,000.00
$125,000.00
$2,000.00
$10,000.00
$5,000.00
$10,000.00
$10,000.00
$50,000.00
$2,500.00
$10,000.00
Board Member
Frank Marshall
Frank Marshall
Dean Hallett
Frank Marshall
Veronica Melvin
Sent invoices to all three per Dean
Frank Marshall
John Kissick
Veronica Melvin
Universal
Elizabeth Mann
Brain/Amgen
Christopher Brearton
John Kissick
Veronica Melvin
$10,000.00 Brian McNamee
$378,250.00
Coorespondence with Joan - waiting on check
Will come in in January
2nd half will come in January 2015
!
!
LA’S PROMISE PROGRAM UPDATE
NOVEMBER 2014
Below we provide an update on LA’s Promise and our Partner Schools’ affiliated
activities and accomplishments that have recently transpired. We only feature the most
prominent of many updates, as it would take pages to communicate all of them. We
thank the schools’ faculty, LAUSD, community, academic and health organizations
working with each school, students, parents, and funders for their commitment to bring
excellence in opportunities and outcomes to South LA students.
Learning, Attendance, Behavior, & Special Projects
Overall, the schools 2014-15 progress has been good. We have a strong focus on
instruction, and have seen movement in key academic programs we have worked to
develop, see below a list of some of our priorities.
• LA’s Promise school administrators and Directors of Teaching and Learning are
early adopters of the District’s Teacher Growth & Development Cycle (the new
improvement and evaluation tool) ensuring all administrators are monitoring the
required 5 teachers. We are likely the best schools in the district in terms of
teacher observations and evaluation.
• LA’s Promise has connected Kate Kinsella to our schools’ teacher professional
development program. Kate Kinsella is a national leader in supports for English
Learners.
• LA’s Promise supported the “Safe & Civil” program at Muir to ensure that school
develops a positive culture and systems to promote good behavior and high
expectations for respect.
• LA’s Promise supports the Positive School Discipline and Restorative Justice
practices that have been key to the schools’ improvements in student attendance
and graduation and decreases in suspensions.
• The two high schools have engaged in Student Recovery Day to encourage
students who have missed excessive school or dropped out to return to school by
paying visits to the homes to speak with the students and their parents and
caretakers.
• LA’s Promise and the school staff have implemented attendance incentive
programs like the Universal Studios trip, a UCLA sponsored football game with
gear and food, and other monthly incentives.
• At Manual Arts, we work daily with the students and families of the most absent
students to provide socio-emotional supports and referrals to needed services to
ensure students attend daily and are in every class.
• For the past two years, LA’s Promise worked to establish career based learning
pathways, entitled Linked Learning, in our schools. We are happy to report that
!
1!
Manual Arts has two certified Linked Learning Pathways developed in its schools
and we continue to add college and career elements to each. In addition, we
seek to grow the number of small learning communities that are certified,
meaning they meet the state standards for connecting career themed learning to
the classroom and exposing students and teachers to the workplace.
• LA’s Promise staff continues to support various elements of the instructional
program like Special Ed at Manual Arts, Coaching supports at West Adams,
JROTC, Band, the Male & Female Academies at Manual Arts, the iPad rollout at
Muir and test prep for CAHSEE and SAT prep.
• In regards to Common Core, CPM Math that is rooted in Common Core on all
three campuses, the writing prompts from all three offices have been aligned with
Common Core, and we have sent numerous teachers and instructional leaders to
trainings to bring back to campuses and departments.
We have experienced challenges this year, as always, but note two below that have
required greater attention:
• We continue to be challenged by the faulty data system that the district
implemented this year across all schools, but LA’s Promise schools have fared
better than most schools, as we have been proactive in finding workarounds to
any challenge that we experience or foresee.
• This year, behavior at John Muir Middle School has been the greatest challenge
for LA’s Promise and our partner schools. There are about a dozen students that
pose high-end discipline problems on an ongoing basis, such as fighting, ditching
class, possession and smoking of marijuana, and more. Unfortunately, there
behavior has had dramatic negative effects on the climate overall on campus as
well as on parents, students and the faculty. We have worked closely with the
District to respond and support the students and families appropriately, and have
seen improvement but not 100% resolution. An anonymous email was sent to
Superintendent Ray Cortines and Secretary Arne Duncan complaining about this
issue and a few others, and as a result, the district will be visiting the school on
December 2nd and 3rd to conduct a comprehensive assessment of the challenges
and pose solutions. Dr. Pawinski and Veronica Melvin will be present during the
visit.
Parent Engagement
• Parent College – LA’s Promise launched Promise Parent College and has held
three Saturday sessions, including the latest on November 1st that took 250
parents and their family members to CSU Northridge for a college field trip that
included a motivational speech by Stedman Graham, a campus tour, a college
fair, and a workshop on how to support your child’s college going success. LA’s
Promise partnered with The Fulfillment Fund on the CSUN event that hosted at
least 1,000 students and 300 parents. To date, 225 Parents from the 3 LA’s
Promise and our partner this year YPI schools have participated in Parent
College.
!
2!
•
LA’s Promise Parent Centers have hosted 10 Parent Workshops since the start
of school - average attendance 25, on issues such as attendance, health and
nutrition, volunteerism, student success, campus beautification, and more.
•
LA’s Promise is working with Manual Arts staff to create an African American
Parent Group to encourage African American Parent Engagement to support
student success. The advisory has met 3 times, with 25 active members; this is
25 times the level of African American parent engagement from years past.
•
Thank you to Ralphs, Food-4-Less and the offices of Assemblyman Reginald
Jones Sawyer for donating a total of 250 turkey and holiday food bags for our
families.
•
LA’s Promise supported each school’s back to school nights to ensure greatest
possible student turnout.
College Going
• In October, each high school hosted its signature Go For College Fair with more
than 1100 students participating at Manual Arts and 1800 at West Adams. More
than 30 colleges and college support programs represented on each campus.
!
•
The LA’s Promise College Team selected 45 College Ambassadors (student
college counselors selected from among the mostly senior class) at each
campus. The LA’s Promise team trained the College Ambassadors over a 3-day
seminar at USC during the summer. College Ambassadors is a class for Manual
Arts students and a club at West Adams. The College Ambassadors coordinated
the College Fairs, are working with a caseload of 20 students each to ensure
they apply to colleges, and make announcements in homeroom advisory classes
related to college.
•
LA’s Promise is working hard to secure scholarships and student participation in
existing college going programs like Gates Millennium, POSSE, College Match,
Women in Entertainment, CBS Mentorship, Fox Mentorship Program, I am
MENTOR, and more. To date, we have secured 48 students participating in a
variety of mentorship/leadership programs, representing $27,000 in scholarships.
A HUGE thank you to Board Member Dean Hallett and his team whom we are
now working with on the Fox Mentorship program at Dorsey and Manual Arts and
the creation of a Film & Entertainment Afterschool program at Dorsey, West
Adams and Manual Arts.
•
In anticipation of the various Fall SAT exams, we have an average of 60 students
per campus participating in SAT Prep during homeroom classes.
•
The College Team has hosted a number of workshops including, Senior College
Night, Parent College Night, Small Liberal Arts symposium, and 2 Presentations
at Parent College. The LA’s Promise team took 150 students to the Cash For
College conference at the Convention Center. The College staff keeps each
College Center open until 5 PM, and will remain open during the Thanksgiving
3!
week even though school is closed—a critical component of assisting students
complete their college applications that are due on Nov. 30th.
•
On Nov. 15th and 16th, LA’s Promise partnered with 826LA to match 200 seniors
with trained volunteers to complete their personal statements as part of their
college application.
Enrichment
LA’s Promise after school team coordinated a Club Rush at each school, a process of
building a robust offering of before, during, and after-school clubs to enrich students
academics, fitness and leadership. There were approximately 20 clubs per campus and
was open to all students. Approximately 300 students per campus participate in clubs.
Some of the clubs that LA’s Promise partners coordinate are listed below:
• Food Justice Council @ Manual Arts Focused on a research and advocacy water
rights and access project
• Woodcraft Rangers @ Manual Arts has the highest number of students
participating in afterschool program – daily census approximately 230
participants.
• LA’s Promise secured a $50,000 renewal grant from California Community
Foundation to augment fitness programs at the two high schools. This supports
Marathon Club, Yoga, Spin, Weightlifting and more.
• LA’s Promise secured two grants from Verizon (each for $20,000) to engage a
partner group, UrbanTxt, to teach students coding and app development.
• Fox awarded LA’s Promise $146,000 to support a mentorship program matching
up Fox Executives with students from Manual Arts and Dorsey Senior High.
Students will visit Fox and their mentors 2 times per month, receive college prep
supports, engage in group leadership skill development and qualify for a $3500
scholarship if they met all criteria. Fox is also supporting a Film & Entertainment
afterschool program at each of the 3 high schools.
• Photo Club, Skate Club, Graffiti Art, Book Club, Robotics, Bike Repair & Cycle
Club, LaCrosse, Dance, Volleyball, and many more.
• SPARK a Service Learning Opportunity for high school students to coordinate
afterschool programs at local middle schools.
• In the garden, we have connected students with community gardening
internships, established Garden Clubs that have cleaned up and replanted
gardens, and we engage a Garden Coordinator to connect the gardens with the
Culinary Arts programs.
• Kids Can Cook is a healthy cooking program that takes place at all three
campuses, with students and parents both during school, during Culinary Arts at
the High Schools or after school at the Middle Schools and to benefit families.
Health and Wellness
• Homeroom visits and announcements for all 12th and 9th graders to promote
student use of the Wellness Center at Manual Arts
• LA’s Promise staff coordinates the Wellness Center Youth Advisory Board – 10
students, meetings each Tuesday to promote health and wellbeing on campus
• LA’s Promise and our partner agencies and student groups coordinated a
Wellness Center Grand Reopening on 11/14
!
4!
•
•
•
In September, St. John’s and The LA Trust opened up the two dental chairs at
Manual Arts’ Wellness Center
LA’s Promise has supported Groceryships at Manual Arts that promotes healthy
eating by working with families and their shopping and cooking habits
LA’s Promise has worked with each school site to support the replication of
Student Resource Centers (Mental Health Centers) that we had successfully
established at Manual Arts over the past two years. Now John Muir and West
Adams have similar centers for student socio-emotional supports.
Operations
• One-to-one student iPads were reintroduced to the John Muir campus in
November, with teachers having been refreshed on professional development.
Manual Arts has purchased 300 Chrome Books to ensure the school is ready for
springtime online testing.
• LA’s Promise continues to support the schools’ HR needs including filling
approximately 30 teaching staff positions on the school sites. A few positions
remain.
• In the world of IT support, over the summer LA’s Promise conducted a full
inventory of equipment at the three schools while identifying computers for repair
verses salvage, and completed repairs on needed equipment. LA’s Promise
team members updated nearly 500 computers, has provided Google Drive
Training for teachers, trouble-shoots tech, cable and wi-fi issues at John Muir
with supports at Manual and West Adams, and updated the West Adams
computer labs for Personal Statement Weekend.
• LA’s Promise continues to support the school with their grant budget approvals
and adjustments.
Development
• Please see development section for full list of current grants and those in
cultivation.
• LA’s Promise worked with LA City Councilman Curran Price, LA Trade Tech
President Larry Frank, The Urban League, Community Coalition and Brotherhood
Crusade to put together an amazing coalition of civic, private and non-profit
partners that submitted an outstanding Promise Zone application to the federal
government. The application termed The South LA Transit Empowerment Zone
(SLATE Z), covers 200,000 South LA residents, 11 high schools (including the
two LA’s Promise schools) and the feeder schools of each, and has a strong
focus on connecting education to college, career training, employment and
business growth. The Mayor, Superintendent, 5 LAUSD School Board Members,
County Supervisors Mark Ridley Thomas, County Supervisor Elect Hilda Solis,
and all state Assembly and Senators endorsed the application. USC and UCLA
also signed onto the project, committing to greater early outreach programs and
USC job and economic development alignment.
!
5!
Letter%Type
Business%Assoc.%Letter
Signatories
Shared%Letterhead
Gary(Toebben(4(L.A.(Chamber((RE:(Workforce(Deve.(&(H.S.((Efforts)
Lead
Larry
Bill(Allen(4(LAEDC((RE:(Manufacturing(Zone)
Mary(Leslie(4(L.A.(Business(Council((RE:(Arts.(Design(&(Innovation(District)
CD%9%Coalition
City%Council%
Food%Policy%Council
Incubation
Labor%Letter
LACCD/LATTC%@%Letter%
Benny(Torres
Sandra(Mc(Neill,(TRUST(South(LA
Ernest(Roberts,(PVJobs
Nancy(Halpern(Ibrahim,(Esperanza(Community(Housing
Benjamin(Torres,(CDTech
Cynthia(Strathman,(SAJE
L.A.(Conservation(Corp
Saundra(Bryant,(All(People's(Community(Center(
Resolution(4(incorporates(All(15
Food(Bank
California(Health(Council
Ron(Lindsay
Corner(Store(Conversion(effort
Community(Garden
The(Reef
LaKretz
Nuevo(South
USC
Vreson4Slauson(Econ(Dev.
Bixel(Exhange
El(Mercado(LaPaloma
County%Fed%Letterhead
Maria(Elena(Durazo,(County(Federation
Tom(Walsh,(UNITE(HERE(11
Ron(Miller,(LAUCBCTC
LaPhonza(Butler,(SEIU(State(Council
Mike(Miller,(IATSE
Jim(Lindsay(4(ATU
Joanne(Waddell,(CFT1521
Alex(Caputo4Pearl,(UTLA
Scott(Svonkin,(President,(Board(of(Trustees
Wally(Hanley,(President,(Academic(Senate
Lori(Hunter,(Chapter(President,(AFT1521((Staff(Guild
Chancellor(Francisco(Rodriguez
President(Larry(Frank
Connie(
Larry/Paula(Daniels
Linda(Bidrossian
Larry,(Lou(S.
Larry
Larry
Strategy(Goal
1.1,(1.3
LAUSD%Board
Mayor%(1)
Mayor%(2)
Mayor%(3)
Metro
MOU
MOU
MOU
Major%Nonprofit
Carole(Anderson,(Chapter(President,(AFT(Faculty(Guild
Superintendent(and(Board(Members(
Mayor's(Letter(with(Agency
Mayor's(Letter(with(Agency
Mayor's(Letter(with(Agency
Art(Leahy(
Shared%Letterhead
Brotherhood(Crusade,(Community(Collation,(LA(Promise(and(LA(Urban(League,(CRCD
L.A.%Promise%&%Ancillary%Non%Profits Shared(Letterhead
LAUSD%Principals
The(13(High(Schools(in(SLATE4Z
Public%Safety
Supervisors
UCLA
USC
WorkSource%Center,%YouthSource,%
FamilySource%BusinessSource%
Utilities
Immigrant%Rights
Early%Childhood%Educaiton
TOD/Housing
Community%Health
Philanthropy
Milton%Map
Marcela%Map
Context%Map%with%Transit%and%
CSU/4
Visual/Map/Context
Visual/Map/Context
Visual/Map/Context
Visual/Map/Context
Visual/Map/Context
Chief(Beck
Mark(Ridley4Thomas(and(Supervisor4Elect(Hilda(Solis
Chancellor
Max(Nikias
DWP(
SCE
Gas(Co
(SALEF,(CHIRLA,(Car(Washeros,(etc.
First(5
LAUP
Move(L.A.,(Mercy(House,(Esparanza(Housing,(Concerned(Citizens(of(South(L.A.
St.(John's,(Coalition(of(South(LA(Community(Health(Providers
Robert
Alison
Alison
Alison
Larry((w/Don(Ott)
Veronica
Veronica
Veronica
Veronica
Veronica
Veronica
Robert
Alison/Eileen(Decker(
(Larry
Larry
Veronica
Larry
Kirsten
Larry/Alison(DWP)
Veronica
Leticia/Veronica
Connie
Larry
Veronica
Leticia/Larry
Leticia/Larry
Leticia/Larry
Leticia/Larry
Leticia/Larry
Leticia/Larry
Leticia/Larry
Leticia/Larry