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 VIEWS ITS MISSION AS DEDICATED TO THE JEWISH PRINCIPLE TO "LOVE YOUR NEIGHBOR AS YOURSELF." THE COMPANY ELEVATES THIS TEACHING INTO PRACTICE IN AN HISTORIC BUILDING BY BRINGING DIVERSE CULTURES TOGETHER THROUGH SONG, STORY, ART, FOOD, AND PRAYER. DURING THE PANDEMIC THE PICO UNION AREA BECAME ONE OF THE LARGEST EPICENTERS IN LOS ANGELES. THE PICO UNION PROJECT BECAME A DISTRIBUTION SITE TWICE A WEEK DISTRIBUTING FRESH FRUIT AND VEGETABLES, PPE SUPPLIES, BOOKS, ART SUPPLIES AND OTHER HOUSEHOLD ITEMS TO ENSURE THE COMMUNITY CAN STAY SAFE AND HEALTHY. THE PICO UNION HAS CONTINUED THIS EFFORT THROUGH TODAY.

Program Service Accomplishments

Program 1
Expenses: $712,343 Revenue: $274,626

PICO UNION PROJECT HAS PROVIDED A LOCATION FOR THE RELIGIOUS WORSHIP OF SEVERAL FAITHS, PERFORMING ARTS, AND COMMUNITY ACTIVITIES. AS A RESULT, NEIGHBORHOOD TENSIONS AND PREJUDICES HAVE BEEN REDUCED...

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PICO UNION PROJECT HAS PROVIDED A LOCATION FOR THE RELIGIOUS WORSHIP OF SEVERAL FAITHS, PERFORMING ARTS, AND COMMUNITY ACTIVITIES. AS A RESULT, NEIGHBORHOOD TENSIONS AND PREJUDICES HAVE BEEN REDUCED. A DIALOGUE HAS BEEN STARTED AMONGST INTERFAITH GROUPS, AS WELL AS MANY CULTURAL & DIVERSE ETHNICITIES.

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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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