ALICE G HARRISON MEMORIAL TRUST

EIN: 956074647 501(c)(3)

LOS ANGELES, CA

Total Revenue
$94,487
Total Expenses
$89,008
Total Assets
$1,057,419
Net Assets
$1,057,419
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
CA
Tax Period
2019-07-01 to 2020-06-30

ALICE G HARRISON MEMORIAL TRUST, founded in 1959, is a micro nonprofit that reported $94K in total revenue in fiscal year 2019. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $89K left a modest 6% surplus.

Mission

THE ALICE G. HARRISON MEMORIAL TRUST IS FOR THE BENEFIT OF LOS ANGELES HIGH SCHOOL, A PUBLIC HIGH SCHOOL. THE TRUST ONLY SUPPLEMENTS SOME OF THE SCHOOL ACTIVITIES FROM THE INCOME EARNED AND INVESTMENT INCOME. THERE IS AN ANNUAL SCHOOL BUDGET FOR THE EXPENSES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $26,841
Program Service Revenue $0
Investment Income $67,646
Other Revenue $0
TOTAL REVENUE $94,487

Expense Breakdown

Grants Paid $54,056
Salaries & Benefits $27,000
Fundraising Expenses $0
Program Expenses $54,056
Other Expenses $7,952
TOTAL EXPENSES $89,008

Year-over-Year Comparison

2019 2018 Change
Revenue $94,487 $134,855 -0.3%
Expenses $89,008 $126,702 -0.3%
Net Income $5,479 $8,153 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
1
$27,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR BRUCE CORWIN PRESIDENT 1.00
Director
$0 $0 $0
DR DAVID MEYER TRUSTEE 1.00
Director
$0 $0 $0
DR EVE SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
MR JEFFREY DONFELD TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN HALL TRUSTEE 1.00
Director
$0 $0 $0
MS CARRIE CHLIYEH TRUSTEE 1.00
Director
$0 $0 $0
MR MICHAEL ALEXANDER TRUSTEE 1.00
Director
$0 $0 $0
MR DAVID LEWIN TRUSTEE 1.00
Director
$0 $0 $0
MR PATRICK HOFF TRUSTEE 1.00
Director
$0 $0 $0
MR ROBERT KURKJIAN TRUSTEE 1.00
Director
$0 $0 $0
MR JEFFREY TAMKIN TRUSTEE 1.00
Director
$0 $0 $0
PREMIER PEAVEY TRUSTEE 1.00
Director
$0 $0 $0
JALILA SALAAM TRUSTEE 1.00
Director
$0 $0 $0
MS MARGUERETTE GLADDEN TRUSTEE 1.00
Director
$0 $0 $0
MS JOYCE KLEIFIELD DIRECTORDEVELOPMENT OFFICER 36.00
Officer
$27,000 $0 $27,000
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
2020 $94,487 $89,008 $1,057,419 $5,479
2019 $134,855 $126,702 $1,097,027 $8,153
2018 $156,529 $160,518 $1,076,623 $-3,989
2017 $111,850 $115,974 $1,096,549 $-4,124
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