Nonprofit · EIN 20-3889415
THE LEONETTI OCONNELL FAMILY FOUNDATION
Tax-exempt · LOS ANGELES, CA 90071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $7,623,005 | $3,836,046 | $3,786,959 | $93,633,533 | $585,252 | $93,048,281 |
| December 31, 2023 | 990-PF | $2,768,074 | $4,169,921 | -$1,401,847 | $98,662,922 | $562,000 | $98,100,922 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $690,508
- Net gain from sales of assets
- $5,540,307
- Other income
- $1,392,190
Expenses
- Grants and similar amounts paid
- $1,927,013
- Compensation of officers, directors and key employees
- $306,652
- Salaries, compensation and benefits (total)
- $181,300
- Disbursements for charitable purposes
- $3,072,687
- Excise tax on investment income
- $104,970
Balance sheet and other
- Total assets, start of year
- $98,662,922
- Total assets, end of year
- $93,633,533
- Total liabilities, end of year
- $585,252
- Net assets, end of year
- $93,048,281
- Fair market value of assets
- $93,633,533
- Qualifying distributions
- $3,072,687
- Net investment income
- $8,205,387
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA ADAMSON 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | CEO, ARETE RISING LLC | 40 | $154,400 | $9,264 |
| VERONICA PONCE-NAVARRETE 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | COO, ARETE RISING LLC | 40 | $152,252 | $17,154 |
| ALAINA BERG 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | DIRECTOR OF PROGRAM Highest-paid employee | 40 | $102,853 | $13,582 |
| CARA ESPOSITO 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | EXECUTIVE DIRECTOR, DIRECTOR | 25 | $0 | $0 |
| MARGO LEONETTI O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | PRESIDENT, DIRECTOR | 2 | $0 | $0 |
| MICHAEL F O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | SECRETARY, CFO, DIRECTOR | 2 | $0 | $0 |
| MICHAEL KEVIN O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | VICE PRESIDENT, DIRECTOR | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA ADAMSON 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | CEO, ARETE RISING LLC | 40 | $172,692 | $9,012 |
| VERONICA PONCE-NAVARRETE 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | COO, ARETE RISING LLC | 40 | $161,577 | $16,266 |
| ALAINA BERG 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | DIRECTOR OF PROGRAM Highest-paid employee | 40 | $79,247 | $4,736 |
| CARA ESPOSITO 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | EXECUTIVE DIRECTOR, DIRECTOR | 25 | $0 | $0 |
| MARGO LEONETTI O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | PRESIDENT, DIRECTOR | 2 | $0 | $0 |
| MICHAEL F O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | SECRETARY, CFO, DIRECTOR | 2 | $0 | $0 |
| MICHAEL KEVIN O'CONNELL 515 S FIGUEROA ST 650, LOS ANGELES, CA 90071 | VICE PRESIDENT, DIRECTOR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 515 S FIGUEROA ST STE 650, LOS ANGELES, CA 90071-3313
- Signed the 990-PF
- MICHAEL O'CONNELL, DIRECTOR
- Phone
- (213) 622-0066
- Website
- WWW.LOCFF.ORG
- Return prepared by
- SINGERLEWAK LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 20-3889415 or by the name THE LEONETTI OCONNELL FAMILY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-3889415
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $93,633,533
- Income (IRS master file)
- $7,737,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $7,623,005 | $3,836,046 | $93,633,533 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,768,074 | $4,169,921 | $98,662,922 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3889415).
Questions about THE LEONETTI OCONNELL FAMILY FOUNDATION
- What is the EIN of THE LEONETTI OCONNELL FAMILY FOUNDATION?
- The employer identification number (EIN) of THE LEONETTI OCONNELL FAMILY FOUNDATION is 20-3889415.
- Is THE LEONETTI OCONNELL FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE LEONETTI OCONNELL FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE LEONETTI OCONNELL FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE LEONETTI OCONNELL FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LEONETTI OCONNELL FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE LEONETTI OCONNELL FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $154,400 (DIANA ADAMSON, CEO, ARETE RISING LLC).
- How much revenue does THE LEONETTI OCONNELL FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $7,623,005, expenses of $3,836,046 and total assets of $93,633,533 at year end.
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