Friends of the League Foundation

Nonprofit profile at a glance

EIN
461199133
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
Los Angeles, CA, USA
Phone
3234691973
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Voluntarism Promotion

Reported finances

Revenue
$3,107,707
Expenses
$1,518,051
Assets
$38,097,530
Liabilities
$15,863

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KATHRYN L RUSSELL (BOARD PRESIDENT)
  • SUSAN THALKEN (VICE PRESIDENT)

People named in this filing

  • KATHRYN L RUSSELL (BOARD PRESIDENT)
  • SUSAN THALKEN (VICE PRESIDENT)
  • MARY KAUFMAN (BOARD TREASURER (UNTIL JUN 25))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends of the league foundation (the "foundation") was established for the exclusive benefit of the assistance league(r) of los angeles (the "league"). The foundation received funds from the league and these funds are invested with a portion distributed annually, when needed, to the league according to a spending plan. The funds are used to offset administrative costs so that league fundraising can directly benefit the services of the league.

What it reported doing in 2024

Friends of the league foundation (the "foundation") was established for the exclusive benefit of the assistance league(r) of los angeles (the "league"). The foundation received funds from the league and these funds are invested with a portion distributed annually, when needed, to the league according to a spending plan, which will be used to offset administrative costs so that league fundraising can directly benefit the services of the league.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 93
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

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

Sustainability

  • Operating margin: 51.2%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 25.1; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: -19.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.7% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Highest-paid contractors: 1 contractor listed · $266K reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.