Overview
What is Los Angeles County Capital Asset Leasing Corporation?
Los Angeles County Capital Asset Leasing Corporation is a nonprofit organization situated in Los Angeles, California. Its primary mission is to aid the County of Los Angeles by acquiring essential machinery, vehicles, and other equipment required for its operations. The corporation leases these assets to the County for a specified period, as per the needs. During the fiscal year 2022, they procured $1,340,413.77 worth of equipment intended for lease. By doing so, the corporation contributes to the County's operational capabilities, ultimately serving to promote public welfare.
Is Los Angeles County Capital Asset Leasing Corporation legitimate?
Los Angeles County Capital Asset Leasing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Los Angeles County Capital Asset Leasing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Los Angeles County Capital Asset Leasing Corporation?
The Los Angeles County Capital Asset Leasing Corporation's mission is geared towards promoting public welfare. It accomplishes this by aiding the County of Los Angeles in acquiring essential machinery, vehicles, and other equipment required for its operations. The corporation then leases out these resources to the County for a specified period, facilitating their operational needs without the burden of upfront purchasing costs. This strategy helps the County save funds, thereby contributing to overall financial efficiency. The Corporation, in the fiscal year ending June 30, 2022, invested $1,340,413.77 in acquiring equipment for lease to the County.
Who is the CEO of Los Angeles County Capital Asset Leasing Corporation?
Oscar Valdez is the Principal Officer of Los Angeles County Capital Asset Leasing Corporation.
What is the revenue of Los Angeles County Capital Asset Leasing Corporation?
Los Angeles County Capital Asset Leasing Corporation's revenue in 2022 was $638,007.
Who are the executives of Los Angeles County Capital Asset Leasing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Los Angeles County Capital Asset Leasing Corporation?
Los Angeles County Capital Asset Leasing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles County Capital Asset Leasing Corporation
Los Angeles County Capital Asset Leasing Corporation, abbreviated as LACCALC, is an organization with a mission to enhance public welfare. Their primary objective is to aid the County of Los Angeles in procuring essential machinery, vehicles, and other equipment required for its operations. By doing so, they lease these resources to the county for a specified period, ensuring efficient use of resources and cost-effectiveness. The corporation's activities are aligned with promoting the overall well-being of the community by facilitating the acquisition of necessary equipment for the County's operations. For the financial year ending June 30, 2022, LACCALC successfully acquired $1,340,413.77 worth of equipment for lease to the County, further highlighting their commitment to supporting the County's operations and public welfare.
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Impact
October, 2024
The Los Angeles County Capital Asset Leasing Corporation plays a vital role in enhancing the operational efficiency of the County of Los Angeles by acquiring essential machinery, vehicles, and equipment. By leasing this equipment to the County, the corporation enables timely access to necessary resources without the upfront costs associated with outright purchases.
In the fiscal year ending June 30, 2022, the corporation facilitated the acquisition of $1,340,413.77 worth of equipment for the County, streamlining operations across various departments. This support not only improves public service delivery but also promotes effective management of public funds. Through its activities, the corporation significantly contributes to the public welfare of Los Angeles County, ensuring that essential services continue to be provided efficiently and effectively.
This information is meant to be a general summary of Los Angeles County Capital Asset Leasing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $57,333
- Program Service Revenue: $580,674
- Gross Receipts: $638,007
Assets and Liabilities:
- Total Assets: $7,107,983
- Total Liabilities: $370,958
- Net Assets: $6,737,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & contracts from government
Revenue
$580,674
Organization Details
Founding Year
1983
Principal Officer
Oscar Valdez
Main Address
500 W Temple Street, Los Angeles, CA, 90012
NTEE Category
Code: W20 - Public benefit
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