TEC LEIMERT

EIN: 825325496 501(c)(3) Community Improvement

Santa Monica, CA

Total Revenue
$271,856
Total Expenses
$240,170
Total Assets
$8,298
Net Assets
$-35,149
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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
2018
Legal Domicile
CA
Phone
3238547622
Tax Period
2024-01-01 to 2024-12-31

TEC LEIMERT, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $240K left a modest 12% surplus.

Mission

TEC Leimert is a non-profit organization that seeks to empower individuals and expose them to innovations in entertainment and technology through thoughtful programming. We want to ensure communities of color have future careers that are sustainable in the digital economy.

Program Service Accomplishments

Program 1
Expenses: $121,797

Conference Program Networking - TEC Leimert's annual conference seeks to connect South Los Angeles to the latest innovations in entertainment, technology, and culture, bridging the growing digital...

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Conference Program Networking - TEC Leimert's annual conference seeks to connect South Los Angeles to the latest innovations in entertainment, technology, and culture, bridging the growing digital divide that threatens underrepresented black and brown talent. By sourcing entertainment and tech subject matter experts, industry leading companies andbrand activations TEC organizes the largest LA black-owned-and-operated annual conference for the creative driven community that focuses on skill-building, networking, and technology awareness.

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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 $265,864
Program Service Revenue $5,797
Investment Income $2
Other Revenue $193
TOTAL REVENUE $271,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,578
Fundraising Expenses $8,239
Program Expenses $156,675
Other Expenses $206,592
TOTAL EXPENSES $240,170

Year-over-Year Comparison

2024 2023 Change
Revenue $271,856 $309,679 -0.1%
Expenses $240,170 $271,596 -0.1%
Net Income $31,686 $38,083 -0.2%
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
8
Independent Members
8
Employees
1
Volunteers
50

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rashidi Jones Chairman 10
Officer Director
$0 $0 $0
Vusi Azania President 2
Officer Director
$0 $0 $0
Themba Nelson Secretary 2
Officer Director
$0 $0 $0
Dam Funk Member 1
Director
$0 $0 $0
Diana Simmons Member 1
Director
$0 $0 $0
Antonio McFadden Member 1
Director
$0 $0 $0
Byron Mobley Member 1
Director
$0 $0 $0
Julie Van Member 1
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 $271,856 $240,170 $8,298 $31,686
2023 $309,679 $271,596 $19,442 $38,083
2022 $292,669 $397,620 $2,614 $-104,951
2021 $219,774 $224,177 $9,267 $-4,403
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