Municipal Improvement Corporation of Los Angeles
95% goes to programs Strong reserves
Municipal Improvement Corporation of Los Angeles is a 501(c)(4) organization based in Los Angeles, California, registered in 1984, with $70,901,113 in FY2016 revenue. CharityIndex grades it B, and it directs about 95% of spending to programs.
200 N Main St City Hall E No 1500, Los Angeles, CA, 90012 EIN 95-3901562 Since 1984
Revenue (FY2016)
$70.9M
▲ 11.6% vs prior year
Community median: $184K
Expenses (FY2016)
$58.0M
Net assets
$38.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Municipal Improvement Corporation of Los Angeles: 95% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Municipal Improvement Corporation of Los Angeles: 8 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Municipal Improvement Corporation of Los Angeles: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Municipal Improvement Corporation of Los Angeles: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To assist the city of los angeles finance the acquisition of and capital improvement to real property and capital equipment.
Contact & location
- Address
- 200 N Main St City Hall E No 1500, Los Angeles, CA, 90012
- City
- Los Angeles
- State
- California
- Subcategory
- Community Service Clubs
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $71.9M (FY2013) to $70.9M (FY2016) across 4 reported years.
Financial snapshot
Financial health & position (FY2016)
Liabilities $2.1BNet assets $38.9M
Operating margin
18.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$2.1B
Net assets
$38.9M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2016 | $70,901,113▲11.6% | $57,970,479▲4.1% | $38,864,339▲47.4% | $2,097,815,264▲2.1% | 990 |
| 2015 | $63,512,284▼6.8% | $55,690,949▼10.0% | $26,371,666▲43.5% | $2,055,507,228▲10.1% | 990 |
| 2014 | $68,156,148▼5.2% | $61,870,311▼4.6% | $18,371,214▲52.1% | $1,867,756,904▲1.8% | 990 |
| 2013 | $71,905,256 | $64,874,393 | $12,077,159 | $1,835,354,431 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2016)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Faye Washington | Vice President | 1 | — |
| Hf Boeckmann II | Member | 1 | — |
| Lily Y Lee | Secretary | 1 | — |
| Michael Keeley | President | 1 | — |
| Royce A Menkus | Treasurer | 1 | — |
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Frequently asked questions
- Is Municipal Improvement Corporation of Los Angeles a legitimate nonprofit?
- Yes. Municipal Improvement Corporation of Los Angeles is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 95-3901562, based in Los Angeles, California. Donations are tax-deductible.
- What is Municipal Improvement Corporation of Los Angeles's EIN?
- Municipal Improvement Corporation of Los Angeles's Employer Identification Number (EIN) is 95-3901562.
- How much revenue does Municipal Improvement Corporation of Los Angeles report?
- Municipal Improvement Corporation of Los Angeles reported $70,901,113 in total revenue on its fiscal year 2016 IRS Form 990 filing.
- How much of Municipal Improvement Corporation of Los Angeles's spending goes to programs?
- Municipal Improvement Corporation of Los Angeles spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Municipal Improvement Corporation of Los Angeles have?
- CharityIndex grades Municipal Improvement Corporation of Los Angeles B, based on program efficiency and fundraising cost.
- How much does Municipal Improvement Corporation of Los Angeles's highest-paid employee make?
- The highest reported compensation on Municipal Improvement Corporation of Los Angeles's latest Form 990 is $0, paid to Faye Washington (Vice President).
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Data for Municipal Improvement Corporation of Los Angeles (EIN 95-3901562) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.