ANGELS WALK LA

EIN: 911764152 501(c)(3)

LOS ANGELES, CA

Total Revenue
$265,220
Total Expenses
$263,685
Total Assets
$162,213
Net Assets
$162,213
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
Principal Officer
Deanna Spector Molloy
Phone
2137440016
Tax Period
2021-01-01 to 2021-12-31

ANGELS WALK LA, founded in 1996, is a small nonprofit that reported $265K in total revenue in fiscal year 2021. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

Telling the L.A. story through self-guided historical walking trails.Angels Walk LA is devoted to enhancing the pedestrian environments of Los Angeles by developing self-guided walking trails that commemorate the history, architecture and culture of Los Angeles neighborhoods. Angels Walk encourages pedestrians to discover and explore Los Angeles by connecting directly with major transit and rail lines.Organizational Accomplishments: The Angels Walk LA website continued to be maintained and populated with new information for the Central Avenue walk. The Angels Walk LA Instagram continued to facilitate connection with the local community and like-minded individuals and groups, and keep followers abreast of new activities within the organization as well as to educate about the history of Los Angeles. Ongoing research was done to determine the feasibility of an Angels Walk mobile app, and ongoing efforts were pursued to develop a pathway for repair/refurbishment of older stanchions.

Program Service Accomplishments

Program 1
Expenses: $74,279

Angels Walk Central Avenue: This important and timely walk guides visitors through the historic Central Avenue corridor from E. 24th Street to Vernon Avenue and highlights the people, places...

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Angels Walk Central Avenue: This important and timely walk guides visitors through the historic Central Avenue corridor from E. 24th Street to Vernon Avenue and highlights the people, places, movements, and events that shaped this vibrant neighborhood. Angels Walk Central Avenue was completed in 2020; however, there were ongoing tasks related to the project that continued into 2021, including administrative activities, guidebook distribution, website updates, and overseeing installation of the 15 on-street stanchions. The highlight of the year was attending and presenting at the walk's official ribbon cutting ceremony, which was hosted by the new 9th Council Office of Curren D. Price, Jr. Multiple news agencies and publications covered the event resulting in very positive press for the walk and for Angels Walk LA.

Program 2
Expenses: $58,467

Walks Completed 2017-2020: Ongoing distribution of guidebooks for our Highland Park, Crenshaw, East Hollywood/Silver Lake, and Boyle Heights walks continued to local businesses, organizations,and...

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Walks Completed 2017-2020: Ongoing distribution of guidebooks for our Highland Park, Crenshaw, East Hollywood/Silver Lake, and Boyle Heights walks continued to local businesses, organizations,and stakeholders on an as-needed/as-requested basis.

Program 3
Expenses: $30,065

Bunker Hill Stanchion Refurbishment: Angels Walk LA partnered with Brookfield Properties to bring three stanchions back to life - two from our original Bunker Hill walk, which was completed in 1999...

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Bunker Hill Stanchion Refurbishment: Angels Walk LA partnered with Brookfield Properties to bring three stanchions back to life - two from our original Bunker Hill walk, which was completed in 1999 and one from Angels Walk Figueroa, which was completed in 2007. The Grand Avenue and Bunker Hill stanchions had been severely faded and vandalized over time and both received updates to the narrative and historical photography, and new vinyl graphics were output and applied to the stanchion bases. The location of these stanchions is adjacent to the Wells Fargo Tower in downtown Los Angeles, which borders both Hope and Flower Streets - locations that receive a high number of daily pedestrian passersby. The Figueroa stanchion also received updates to the narrative and imagery, and is prominently located outside of the Fig@7th mall.

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $265,220
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $265,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,141
Fundraising Expenses $0
Program Expenses $162,811
Other Expenses $41,544
TOTAL EXPENSES $263,685

Year-over-Year Comparison

2021 2020 Change
Revenue $265,220 $169,281 +0.6%
Expenses $263,685 $414,291 -0.4%
Net Income $1,535 $-245,010 -1.0%
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
3
Independent Members
3
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Lane Co-Exec Director 35.00
$71,986 $0 $71,986
Tracey Lane Director of Operations 30.00
$68,589 $0 $68,589
John Molloy Director, Programs & Development 10.00
$34,056 $0 $34,056
Stanley B Schneider Treasurer 1.00
Director
$0 $0 $0
Deanna Spector Molloy President 1.00
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
2021 $265,220 $263,685 $162,213 $1,535
2019 $1,119,210 $742,010 $432,778 $377,200
2018 $489,480 $476,468 $55,578 $13,012
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