Overview
What is South Los Angeles Economic Alliance?
South Los Angeles Economic Alliance is a nonprofit organization, headquartered at 8929 South Sepulveda, Los Angeles, California 90045. Their primary mission is to drive economic development in the Los Angeles community by providing strategies to public agencies and community-based organizations. They actively organize, assist, operate, and facilitate economic, business, and social programs to improve the local area. The Alliance's aim is to uplift the community through its comprehensive approach to economic development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The South Los Angeles Economic Alliance has received a moderate rating of 73%, which indicates room for improvement in certain areas. The organization demonstrates strong accountability and finance practices, highlighted by a program expense ratio of 95.68%, ensuring that most of its funds are directed towards its programs. Additionally, the board is fully independent, which adds to its governance strength.
Despite its solid financial management, the charity lacks several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. These missing elements may raise concerns about transparency and risk management within the organization. Furthermore, its website is not listed on its tax form, which could hinder accessibility of information for stakeholders.
Overall, while the South Los Angeles Economic Alliance shows promising financial health and governance, the absence of critical policies and transparency measures indicates that the organization could benefit from enhancing its accountability practices to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is South Los Angeles Economic Alliance legitimate?
South Los Angeles Economic Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Los Angeles Economic Alliance 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of South Los Angeles Economic Alliance?
The South Los Angeles Economic Alliance is committed to providing economic development strategies to public agencies and community-based organizations. Their goal is to organize, assist, operate, and facilitate economic, business, and social programs with the aim of improving the Los Angeles community. The alliance serves as a catalyst for economic growth by offering support and resources to enhance the local economy and community well-being.
Who is the CEO of South Los Angeles Economic Alliance?
Bill Raphiel is the Cheif Executive Officer of South Los Angeles Economic Alliance.
What is the revenue of South Los Angeles Economic Alliance?
South Los Angeles Economic Alliance's revenue in 2022 was $0.
Who are the executives of South Los Angeles Economic Alliance and what are their salaries?
There 3 volunteers at South Los Angeles Economic Alliance.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for South Los Angeles Economic Alliance?
South Los Angeles Economic Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Los Angeles Economic Alliance
South Los Angeles Economic Alliance, as a nonprofit organization, is committed to providing economic development strategies to public agencies and community-based organizations. Its mission is to organize, assist, operate, and facilitate various economic, business, and social programs with the goal of improving the community of Los Angeles. By doing so, the Alliance aims to contribute positively to the economic growth and well-being of the city and its residents.
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Impact
October, 2024
The South Los Angeles Economic Alliance significantly enhances community prosperity by providing targeted economic development strategies to public agencies and community-based organizations. Through its comprehensive approach, it organizes and facilitates a variety of economic, business, and social programs designed to uplift the Los Angeles community. By addressing local needs and leveraging resources, the Alliance fosters sustainable growth, empowers local businesses, and strengthens the overall economic fabric of South Los Angeles. Its initiatives are instrumental in improving quality of life and driving inclusive economic opportunities for residents.
This information is meant to be a general summary of South Los Angeles Economic Alliance. 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.
Assets and Liabilities:
- Total Assets: $59,675
- Total Liabilities: $0
- Net Assets: $59,675
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Organization Details
Founding Year
1996
Phone
(310) 670-6406Principal Officer
Bill Raphiel
Main Address
8929 SOUTH SEPULVEDA, LOS ANGELES, CA, 90045
NTEE Category
Code: S31 - Community improvement
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