PICO UNION PROJECT

EIN: 812010806 501(c)(3) Community Improvement

STUDIO CITY, CA

Total Revenue
$1,048,535
Total Expenses
$941,885
Total Assets
$534,166
Net Assets
$524,667
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
CRAIG TAUBMAN
Phone
8182095824
Tax Period
2024-01-01 to 2024-12-31

PICO UNION PROJECT, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $942K left a modest 10% surplus.

Mission

THE ORGANIZATION IS DEDICATED TO HELPING REINVIGORATE THE PICO UNION COMMUNITY OF LOS ANGELES BY OFFERING SPACE FOR RELIGIOUS WORSHIP BY ALL FAITHS, PERFORMING ARTS, AND COMMUNITY ACTIVITIES. THESE ACTIVITIES ARE INTENDED TO REDUCE NEIGHBORHOOD TENSIONS AND COMBAT PREJUDICE AND DISCRIMINATION BY PROMOTING INTERFAITH DIALOGUE AND COMMUNITY AMONGST THE DIVERSE ETHNIC AND RELIGIOUS GROUPS OF LOS ANGELES. THE COMPANY WILL PROVIDE A FACILITY FOR THESE SERVICES BY LEASING AND OPERATING THE OLDEST SYNAGOGUE IN LOS ANGELES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $773,909
Program Service Revenue $117,960
Investment Income $10,681
Other Revenue $145,985
TOTAL REVENUE $1,048,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,542
Fundraising Expenses $0
Program Expenses $712,343
Other Expenses $609,343
TOTAL EXPENSES $941,885

Year-over-Year Comparison

2024 2023 Change
Revenue $1,048,535 $719,410 +0.5%
Expenses $941,885 $746,460 +0.3%
Net Income $106,650 $-27,050 -4.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
6
Employees
12
Volunteers
367

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
2
$120,906
Total Directors
8
$120,906
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD FOOS BOARD VP/TREASUER 10.00
Director
$0 $0 $0
KATHY FINN SECRETARY 10.00
Director
$0 $0 $0
BEN JAFFE BOARD MEMBER 5.00
Director
$0 $0 $0
BRONTE DARDASHTY BOARD MEMBER 5.00
Director
$0 $0 $0
SUSIE GOLDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG TAUBMAN FOUNDER 40.00
Officer Director
$77,706 $0 $77,706
QUINCY NEWELL BOARD CHAIR 1.00
Director
$0 $0 $0
LOUISE TAUBMAN TREASURER 20.00
Officer Director
$43,200 $0 $43,200
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 $1,048,535 $941,885 $534,166 $106,650
2023 $719,410 $746,460 $406,141 $-27,050
2022 $709,225 $832,129 $438,114 $-122,904
2021 $741,388 $657,688 $561,411 $83,700
2020 $750,540 $562,760 $458,328 $187,780
2019 $535,424 $485,858 $322,490 $49,566
2018 $507,375 $466,406 $214,735 $40,969
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