Los Angeles Alliance for a New Economy

What it reported doing in 2024

Los angeles alliance for a new economy (laane) is a leading advocacy organization dedicated to building a new economy for all. Combining dynamic research, innovative public policy, and organizing of broad alliances, laane promotes a new economic approach based on good jobs, thriving communities, and a healthy environment. Laane accomplishes this through the following projects: educationtransforming public education into a vehicle for community changelaane is working to improve access and advance opportunities in public education for all students so that they thrive in the classroom, in their communities, and beyond. Building off a (continued on sch. O) community schools model and in partnership with reclaim our schools la, laane empowers parents, students, staff, and teachers to be active partners in shaping the priorities and future of lausd.hotelstransforming the long beach tourism industry into an engine for good jobs and healthy communitieslaane is working to ensure that the long beach tourism industry provides good jobs, strengthens communities, and offers a fair return on the public's investment. Laane believes that the long beach hotel industry can and must invest more in its workforce so it will guarantee long-term success, benefit residents and businesses alike, and create more jobs that can support long beach families.transforming the long beach tourism industry into an engine for good jobs and healthy communitieslaane is working to ensure that the city of los angeles' tourism industries provide good jobs, strengthen communities, and offer a fair return on the public's investment. Laane believes that the los angeles hotel industry can and must invest more in its workforce so it will guarantee long-term success, benefit residents and businesses alike, and create more jobs that can support los angeles families.grocery and retailtransforming grocery and retail into a high road industry that prioritizes worker and customer safetylaane is working to improve retail jobs in l.a. By ensuring that workers have access to more hours, safe and healthy workweeks, and fair scheduling practices. Laane believes that these frontline essential workers did not stop being essential at the end of the covid-19 pandemic and that they deserve family-sustaining jobs and benefits.climatetransforming the los angeles green economy to lead with equity and good jobslaane is working to combat the climate crisis in los angeles. Laane seeks to achieve a union-made, renewable energy, and water-resilient regional future that centers ratepayer equity, expands access to green infrastructure, and generates good jobs for frontline communities.

Financial Efficiency

• Mission deployment rate: 75.1%; rating input score 75
• Program expense ratio: 84.2%; rating input score 84
• Fundraising efficiency: $13.78 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.7%; rating input score 95; 29th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 11.1%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 1.29; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 13.8%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: 2.1% per year; rating input score 100; 21st percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings