LARRAINE SEGIL SCHOLARS FOUNDATION

EIN: 822598470 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$1,258,349
Total Expenses
$510,564
Total Assets
$2,245,513
Net Assets
$2,232,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
LARRAINE DIANE SEGIL
Phone
3105521600
Tax Period
2023-01-01 to 2023-12-31

LARRAINE SEGIL SCHOLARS FOUNDATION, founded in 2017, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $748K, a strong 59% operating margin.

Mission

LARRAINE SEGIL SCHOLARS FOUNDATION HAS BEEN ESTABLISHED TO PROVIDE MENTORING TO EXCEPTIONAL WOMEN IN ORDER TO ENCOURAGE THEIR EDUCATION AND GROWTH SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND, IN SO DOING, POSITIVELY IMPACT THEIR COMMUNITIES AND INSPIRE FUTURE GENERATIONS OF WOMEN AND GIRLS TO DO THE SAME. EACH YEAR, LARRAINE SEGIL SCHOLARS FOUNDATION HOPES TO SELECT 20 OR MORE WOMEN AS LARRAINE SEGIL SCHOLAR AWARDEES (THE "AWARDEES"). AWARDEES WILL BE SELECTED FROM WOMEN WHO DEFY SOCIETAL EXPECTATIONS, WALK THE ROAD LESS TRAVELED, MAY BE SQUARE PEGS TRYING TO FIT ROUND HOLES, AND LIVE A LIFE OF INTEGRITY. THEY WILL BE NOMINATED BY COMMUNITY ORGANIZATIONS, SUCH AS BLACK WOMEN WHO CODE AND THE EAST LOS ANGELES COMMUNITY FOUNDATION. EACH AWARDEE WILL BE PAIRED WITH A LARRAINE SEGIL SCHOLAR (A "SCHOLAR"), WHO WILL MENTOR HER AWARDEE DURING ONE-YEAR PERIOD. A COMMITEE OF SCHOLARS WILL SELECT EACH YEAR'S AWARDEES.THE SCHOLARS ARE FORMER RECIPIENTS OF LARRAINE SEGIL SCHOLARSHIPS. THESE AR

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,244,882
Program Service Revenue $0
Investment Income $13,467
Other Revenue $0
TOTAL REVENUE $1,258,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,855
Fundraising Expenses $0
Program Expenses $325,871
Other Expenses $456,709
TOTAL EXPENSES $510,564

Year-over-Year Comparison

2023 2022 Change
Revenue $1,258,349 $852,430 +0.5%
Expenses $510,564 $337,936 +0.5%
Net Income $747,785 $514,494 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
N/A
Employees
4
Volunteers
N/A

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRAINE D SEGIL Chairman 20.00
Officer Director
$0 $0 $0
SUBASH SAMUELS Director 0.50
Director
$0 $0 $0
KIMBERLEE REESE DIRECTOR & CFO 1.00
Officer Director
$0 $0 $0
LINDA LORE Director 1.00
Director
$0 $0 $0
JACQUELINE MCCAULEY Secretary 1.00
Officer Director
$0 $0 $0
XOCHITL MONTEON Director 0.50
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 $1,258,349 $510,564 $2,245,513 $747,785
2022 $852,430 $337,936 $1,497,762 $514,494
2021 $713,672 $253,418 $974,134 $460,254
2020 $326,186 $151,131 $513,107 $175,055
2019 $238,803 $99,167 $335,716 $139,636
2018 $255,975 $60,718 $195,687 $195,257
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