Lost Angels Childrens Project Inc

EIN: 473384907 501(c)(3) Human Services

Lancaster, CA

Total Revenue
$4,326,055
Total Expenses
$2,288,268
Total Assets
$3,354,758
Net Assets
$3,289,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
Aaron Valencia
Phone
6615796052
Tax Period
2023-01-01 to 2023-12-31

Lost Angels Childrens Project Inc, founded in 2015, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 47% operating margin.

Mission

Our mission is to provide service to disadvantaged youth, families, and communities through innovative vocational training, social enterprise, and traditional outreach programs.

Program Service Accomplishments

Program 1
Expenses: $1,765,377 Revenue: $209,582

Lost Angels Children's Project (LACP) empowers and employs youth within the Antelope Valley community and the greater Los Angeles area by offering a paid vocational training program that provides a...

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Lost Angels Children's Project (LACP) empowers and employs youth within the Antelope Valley community and the greater Los Angeles area by offering a paid vocational training program that provides a direct path to sustainable job placement. LACP program participants are socioeconomically disadvantaged, BIPOC, LGBTQIA+, single parents, young women, justice and/or foster system impacted transitional aged youth.LACP's main program offered is "The Work Program", a twelve week intensive industrial arts vocational training and skills development program. LACP has designed the curriculum with input from aerospace industry professionals and employers to teach transferable skill sets in high demand career fields.Since inception, LACP has trained and mentored youth in the Antelope Valley area, and partnered with the City of Lancaster, LA County Office of Education, and America's job Center of California to create a classic car restoration social enterprise job training program. LACP offers paid vocational training for transitional aged youth, case management, barrier assessment, wrap-around support, job placement and retention services.In 2023, LACP served a total of 115 transitional aged youth in The Work Program cohorts, with a 94% graduation rate. In addition, to the Work Program, LACP offers supportive services, case management, wraparound services, and employment support to the transitional aged youth in the Antelope Valley community. In 2023, LACP provided services to over 400 youth through case management and supportive services. Additionally, LACP aided with an additional 50+ employment placements of services youth not in the Work Program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,104,467
Program Service Revenue $209,582
Investment Income $4,538
Other Revenue $7,468
TOTAL REVENUE $4,326,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,115,648
Fundraising Expenses $190,506
Program Expenses $1,765,377
Other Expenses $1,172,620
TOTAL EXPENSES $2,288,268

Year-over-Year Comparison

2023 2022 Change
Revenue $4,326,055 $1,828,872 +1.4%
Expenses $2,288,268 $1,231,304 +0.9%
Net Income $2,037,787 $597,568 +2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
71
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$141,912
Total Directors
6
$141,912
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Valencia CEO 40.00
Officer Director
$135,833 $6,079 $141,912
Holly Gollob-Stein Secretary 0.00
Officer Director
$0 $0 $0
Carl Sheaffer Treasurer 0.00
Officer Director
$0 $0 $0
John Maceri Director 0.00
Director
$0 $0 $0
Christina Smith Chairman 0.00
Director
$0 $0 $0
Jim Waggaman Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,326,055 $2,288,268 $3,354,758 $2,037,787
2022 $1,828,872 $1,231,304 $1,270,841 $597,568
2021 $994,400 $760,060 $654,864 $234,340
2020 $715,262 $434,529 $420,751 $280,733
2019 $318,901 $230,785 $139,215 $88,116
2018 $276,713 $237,328 $63,304 $39,385
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