La Times Foundation

Nonprofit profile at a glance

EIN
821783389
IRS 990-EZ coverage
2018–2018
Forms available
Form 990-EZ 2018
Location
Culver City, CA, USA
Phone
3108831300
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Corporate Foundations

Reported finances

Revenue
$41,304
Expenses
$156,046
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • CHARLES KENWORTHY (DIRECTOR & PRESIDENT)

People named in this filing

  • CHARLES KENWORTHY (DIRECTOR & PRESIDENT)
  • JEFF CRAWFORD (DIRECTOR & TREASURER)
  • CHARLES KIM (DIRECTOR & SECRETARY)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The la times foundation is organized to support the philanthropic activities of newspaper subscribers in the communities served by the los angeles times, including but not limited to, making grants to public charities that provide year-round academic enrichment programs for students from low income families to improve their literacy skills and ability to read proficiently at a grade level. In addition, the organization will raise funds to support public charities that provide day and/or overnight camps with an educational component during the out-of-school summer months to help low income children curb summer learning loss. The organization also intends on supporting charitable organizations that address homelessness, hunger, and literacy issues. The organization is designed to be broad and flexible in its approach in order to best further its charitable purposes.

What it reported doing in 2018

The organization supports philanthropic activities in the communities served by the los angeles times, including, but not limited to, making grants to charitable organizations that address homelessness, hunger, education and literacy issues.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.9%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -277.8%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $154K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.