La Promise Fund
To provide students with academic and enrichment opportunities that spark passion, empower leadership, and prepare them for their chosen college and career paths.
La Promise Fund at a glance
- Total assets
- $45,833,746
- -8.2% vs 2024
- Revenue (2025)
- $19,838,433
- +1.6% vs 2024
- Net investment income (2025)
- $202,630
- -76.9% vs 2024
- Expenses (2025)
- $21,944,660
- +37.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who La Promise Fund funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $71K (2021) to $749K (2020). In 2022 it made 1 grant totaling $465K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| La Promise Charter High School and Middle Schools Los Angeles, CA | Program grants under nsi and cpc programs throughout slate-z | $464,684 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $45,833,746 | $19,838,433 | $21,944,660 | — | — | $202,630 |
| 2024 | $49,943,711 | $19,518,864 | $15,946,369 | — | — | $875,668 |
| 2023 | $48,218,284 | $13,745,998 | $15,302,635 | — | — | $524,417 |
| 2022 | $49,429,202 | $15,071,176 | $13,954,124 | $464,684 | 1 | — |
| 2021 | $8,970,074 | $12,859,195 | $10,774,753 | $70,909 | 2 | — |
| 2020 | $7,744,642 | $11,950,432 | $11,189,090 | $748,710 | 14 | $40 |
About La Promise Fund
Based on IRS filings
La Promise Fund is a public charity focused on Education, based in Los Angeles, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $45.8M in total assets. Net investment income was $203K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
La Promise Fund is led by Veronica Melvin, CEO & President on every filing since 2020; 11 of 34 officers listed in 2025 are compensated.
Officers on the 2025 filing
Veronica Melvin
CEO & President
On filings since 2020
40 hrs/week
$228K (2020) → $278K (2025)
Ibert Schultz
Executive Director of Black College Successor
On filings since 2024
40 hrs/week
$211K (2024) → $217K (2025)
Simon Osborn
Co Chair
Director → Co Chair, 2025
On filings since 2020
8 hrs/week
No compensation reported
Stephen Prough
Co Chair
Co-Chair → Co Chair, 2025
On filings since 2020
8 hrs/week
No compensation reported
Donnell Beverly
Co Chair
Director → Co-Chair, 2024
Co-Chair → Co Chair, 2025
On filings since 2021
8 hrs/week
No compensation reported
Camira Carter
Senior Director of People & Operations
New on the 2025 filing
40 hrs/week
$111K (2025)
Ali Powell
Director
On filings since 2020
4 hrs/week
No compensation reported
Alison Temple
Director
On filings since 2020
4 hrs/week
No compensation reported
Amit Verma
Director
On filings since 2020
4 hrs/week
No compensation reported
Brian McNamee
Director
On filings since 2020
4 hrs/week
No compensation reported
Danielle Vick
Director
On filings since 2020
8 hrs/week
No compensation reported
Ivelisse Estrada
Director
On filings since 2020
4 hrs/week
No compensation reported
Jaime Uzeta
Director
On filings since 2020
4 hrs/week
No compensation reported
Kathleen Kennedy
Director
On filings since 2020
4 hrs/week
No compensation reported
Megan Chernin
Director
Co-Chair → Director, 2024
On filings since 2020
4 hrs/week
No compensation reported
Melissa Stephens
Director
On filings since 2021
4 hrs/week
No compensation reported
Russell Westbrook
Director
On filings since 2021
4 hrs/week
No compensation reported
Fernando Fernandez
Director
On filings since 2022
8 hrs/week
No compensation reported
Tanesha Duncan
Director
On filings since 2022
4 hrs/week
No compensation reported
Peter Jarowey
Director
On filings since 2023
4 hrs/week
No compensation reported
Leo Medina
Director
On filings since 2024
4 hrs/week
No compensation reported
Molly Park
Director
On filings since 2024
4 hrs/week
No compensation reported
Paul Debernier
Director
On filings since 2024
4 hrs/week
No compensation reported
Vanessa Rosales
Director
New on the 2025 filing
4 hrs/week
No compensation reported
Liliana Vasquez
COO
On filings since 2022
40 hrs/week
$112K (2022) → $161K (2025)
Darla Vance
Principal
On filings since 2024
40 hrs/week
$119K (2024) → $134K (2025)
Edgar Campos
Chief Advancement Officer
On filings since 2024
40 hrs/week
$115K (2025)
Ron Fernando
CFO
On filings since 2024
40 hrs/week
$114K (2025)
Zeidy Revolorio
Principal
On filings since 2024
40 hrs/week
$120K (2024) → $134K (2025)
Jason Marin
Chief of Schools
New on the 2025 filing
40 hrs/week
$58K (2025)
Leslie Aaronson
Chief Programs Officer
New on the 2025 filing
40 hrs/week
$142K (2025)
Narine Papazyan
Assistant Principal
New on the 2025 filing
40 hrs/week
$111K (2025)
Dean Hallett
Treasurer
Director → Treasurer, 2023
On filings since 2020
8 hrs/week
No compensation reported
Elizabeth Mann
Secretary
On filings since 2020
8 hrs/week
No compensation reported
Former officers (24)
- Former: Cathy Bender (2020–2024) — Director
- Former: Donna Jacobson (2020–2024) — Chief Academic Officer
- Former: Frank Marshall (2020–2024) — Director
- Former: Kyle Miller (2022–2024) — Chief Strategic Officer
- Former: Leslie Tresun (2024) — Director of Grants Management
- Former: Paul De Bernier (2020–2023) — Director
- Former: Michelle Cheang (2021–2023) — Chief Program Officer
- Former: Carla Yorke (2023) — Chief Program Officer
- Former: David Spitz (2023) — Chief Finance Officer
- Former: Andrea Foggy-Paxton (2020–2022) — Director
- Former: Sophia Garcia (2020–2022) — Director
- Former: Ben Austin (2020–2021) — Executive Director Kid Coalition
- Former: Gina Lutcher (2020–2021) — Principal of Lapchs
- Former: Christopher Davis (2021) — Director
- Former: Allan Mayer (2020) — Director
- Former: Christopher Brearton (2020) — Director
- Former: Claudia Keller (2020) — Chief Development Officer
- Former: David Carr (2020) — Principal of Lapcms
- Former: Eric Reed (2020) — Director
- Former: Lori Johnston (2020) — Director
- Former: Melissa Stevens (2020) — Director
- Former: Rachelle McClendon-Alexander (2020) — Director of Partner School
- Former: Robin Kurtzman (2020) — Director
- Former: Stephanie Christie (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $278K, to Veronica Melvin (CEO/President). 11 officers or directors reported compensation on that filing.
Frequently asked questions about La Promise Fund
How large is La Promise Fund?
La Promise Fund reported $45.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $19.8M.
What is La Promise Fund?
La Promise Fund is a public charity focused on Education, based in Los Angeles, CA. It holds $45.8M in total assets as of 2025.
Where does La Promise Fund operate?
La Promise Fund has awarded grants in California.
What is La Promise Fund's EIN?
La Promise Fund's EIN (Employer Identification Number) is 20-4562686. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 2, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in La Promise Fund's focus areas in our free grants database
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Figures come from La Promise Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
La Promise Fund down — hundreds of funders to go?