Nonprofit · EIN 33-0034221
EAST LOS ANGELES COLLEGE FOUNDATION
Tax-exempt · MONTEREY PARK, CA 91754
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,294,242 | $3,063,018 | -$768,776 | $8,944,753 | $209,314 | $8,735,439 |
| June 30, 2024 | 990 | $2,455,547 | $2,717,243 | -$261,696 | $8,343,759 | $149,287 | $8,194,472 |
| June 30, 2023 | 990 | $2,534,474 | $2,441,979 | $92,495 | $7,647,778 | $154,149 | $7,493,629 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $889,194
- of which government grants
- $590,928
- Program service revenue
- $892,727
- Investment income
- $512,321
- Net gain from sales of assets
- $157,723
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $681,345
- Compensation of officers, directors and key employees
- $201,651
- Other salaries and wages
- $1,164,465
- Salaries, compensation and benefits (total)
- $1,674,426
- Professional fundraising fees
- $0
- Accounting fees
- $44,718
- Travel
- $11,301
- Depreciation
- $4,470
- Program services (functional)
- $2,355,860
- Management and general (functional)
- $559,393
- Fundraising (functional)
- $147,765
Balance sheet and other
- Total assets, start of year
- $8,343,759
- Total assets, end of year
- $8,944,753
- Total liabilities, end of year
- $209,314
- Net assets, end of year
- $8,735,439
- Net assets without donor restrictions
- $438,239
- Net assets with donor restrictions
- $8,297,200
- Gross receipts
- $3,727,374
- Employees
- 49
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- CA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARMOND AGHAKHANIAN | EXECUTIVE DIRECTOR Officer | 40 | $201,650 | $97,814 |
| PAUL CHANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HON LUIS AYALA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LUIS PLASCENCIA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SANDY HO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN MAXEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GABRIEL MONARES | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JESSICA ALVARENGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PRICILLA LIZARRAGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KASSANDRA SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TINA HWANG | PRESIDENT EMIRITUS Trustee or director, Officer | 2 | $0 | $0 |
| MARISSA CASTRO SALVATI | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRISTIAN CONTRERAS ESQ | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ARNOLDO JAQUEZ JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REYNA VALADEZ | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MONTE PEREZ | INTERIM PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRIAN BARRETO | BOARD MEMBER Trustee or director | 1 | $0 |
| DR GRACE CASTILLO | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA DEMIRCI | BOARD MEMBER Trustee or director | 1 | $0 |
| YESENIA MONSOUR | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSANNE PASSANTINO | BOARD MEMBER Trustee or director | 1 | $0 |
| ELI RAFFELD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARMOND AGHAKHANIAN | EXECUTIVE DIRECTOR Officer | 40 | $185,574 |
| PAUL CHANG | BOARD MEMBER Trustee or director | 1 | $0 |
| HON LUIS AYALA | BOARD MEMBER Trustee or director | 1 | $0 |
| HELEN ROMERO SHAW | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDY HO | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN MAXEY | BOARD MEMBER Trustee or director | 1 | $0 |
| GABRIEL MONARES | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| EDWARD RENDON | BOARD MEMBER Trustee or director | 1 | $0 |
| PRICILLA LIZARRAGA | BOARD MEMBER Trustee or director | 1 | $0 |
| KASSANDRA SANCHEZ | TREASURER Trustee or director, Officer | 2 | $0 |
| TINA HWANG | PRESIDENT EMIRITUS Trustee or director, Officer | 2 | $0 |
| MARISSA CASTRO SALVATI | PRESIDENT Trustee or director, Officer | 4 | $0 |
| CHRISTIAN CONTRERAS ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| ARNOLDO JAQUEZ JR | BOARD MEMBER Trustee or director | 1 | $0 |
| REYNA VALADEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA ELENA YEPES | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS A DI MASCIO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR ALBERTO J ROMAN | COLLEGE PRESIDENT Trustee or director | 2 | $0 |
| LUIS PLASCENCIA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARMOND AGHAKHANIAN | EXECUTIVE DIRECTOR Officer | 40 | $148,181 |
| PAUL CHANG | BOARD MEMBER Trustee or director | 1 | $0 |
| HON LUIS AYALA | BOARD MEMBER Trustee or director | 1 | $0 |
| HELEN ROMERO SHAW | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDY HO | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN MAXEY | BOARD MEMBER Trustee or director | 1 | $0 |
| GABRIEL MONARES | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| EDWARD RENDON | BOARD MEMBER Trustee or director | 1 | $0 |
| PRICILLA LIZARRAGA | BOARD MEMBER Trustee or director | 1 | $0 |
| KASSANDRA SANCHEZ | TREASURER Trustee or director, Officer | 2 | $0 |
| TINA HWANG | PRESIDENT EMIRITUS Trustee or director, Officer | 2 | $0 |
| MARISSA CASTRO SALVATI | PRESIDENT Trustee or director, Officer | 4 | $0 |
| CHRISTIAN CONTRERAS ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| ARNOLDO JAQUEZ JR | BOARD MEMBER Trustee or director | 1 | $0 |
| REYNA VALADEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA ELENA YEPES | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS A DI MASCIO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR ALBERTO J ROMAN | COLLEGE PRESIDENT Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 AVENIDA CESAR CHAVEZ 314D, MONTEREY PARK, CA 91754-6001
- Principal officer (990 for 2024)
- MARISSA CASTRO SALVATI, 1301 AVENIDA CESAR CHAVEZ, MONTEREY PARK, CA 91754
- Signed the 990
- ARMOND AGHAKHANIAN, EXECUTIVE DIRECTOR
- Phone
- (323) 260-8198
- Website
- WWW.ELACFOUNDATION.ORG
- Return prepared by
- JLK ROSENBERGER LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0034221 or by the name EAST LOS ANGELES COLLEGE 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)
Mission
TO PROMOTE AND ELEVATE THE COLLEGE IN FULFILLING ITS MISSION AND REACHING ITS GOALS THROUGH MARKETING AND ADVOCACY, COMMUNITY AND INDUSTRY CONNECTIONS AND FINANCIAL SUPPORT.
Program accomplishments
- THE CALIFORNIA STUDENT OPPORTUNITY AND ACCESS PROGRAM (CAL-SOAP)WAS ESTABLISHED BY THE STATE LEGISLATURE IN 1978. TODAY, CAL-SOAP IS INSTRUMENTAL IN IMPROVING THE FLOW OF INFORMATION ABOUT POSTSECONDARY EDUCATION AND FINANCIAL AID WHILE RAISING THE ACHIEVEMENT LEVELES OF LOW-INCOME, ELEMENTARY AND SECONDARY SCHOOL STUDENTS OR GEOGRAPHIC REGIONS WITH DOCUMENTED LOW-ELIGIBILITY OR COLLEGE PARTICIPATION RATES, AND WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE.Expenses $895,227 · grants $258,911 · revenue $389,745
- SCHOLARSHIPS - THE FOUNDATION ADMINISTERS SCHOLARSHIPS FUNDED BY DONATIONS FROM FOUNDATIONS, INDIVIDUALS AND GOVERNMENT PROGRAMS.Expenses $1,225,047 · grants $354,299 · revenue $519,243
- LAUSD GEAR UP CONTRACT: TO INCREASE THE NUMBER OF LOW-INCOME STUDENTS WHO ARE PREPARED TO ENTER AND SUCCEED IN POST SECONDARY EDUCATION. THE PROGRAM PROVIDES SERVICES IN HIGH POVERTY MIDDLE AND HIGH SCHOOLS THROUGH THE FIRST YEAR OF COLLEGEExpenses $235,586 · grants $68,135 · revenue $141,462
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0034221
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $8,944,753
- Income (IRS master file)
- $3,727,374
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,294,242 | $3,063,018 | $8,944,753 | IRS |
| 990 | June 2024 | $2,455,547 | $2,717,243 | $8,343,759 | IRS |
| 990 | June 2023 | $2,534,474 | $2,441,979 | $7,647,778 | XML |
| 990 | June 2022 | $2,010,901 | $1,271,145 | $7,085,651 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 33-0034221).
Questions about EAST LOS ANGELES COLLEGE FOUNDATION
- What is the EIN of EAST LOS ANGELES COLLEGE FOUNDATION?
- The employer identification number (EIN) of EAST LOS ANGELES COLLEGE FOUNDATION is 33-0034221.
- Is EAST LOS ANGELES COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to EAST LOS ANGELES COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST LOS ANGELES COLLEGE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EAST LOS ANGELES COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST LOS ANGELES COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EAST LOS ANGELES COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names MARISSA CASTRO SALVATI.
- Who are the officers and directors of EAST LOS ANGELES COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 1 received compensation from the organization, the highest $201,650 (ARMOND AGHAKHANIAN, EXECUTIVE DIRECTOR).
- How much revenue does EAST LOS ANGELES COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,294,242, expenses of $3,063,018 and total assets of $8,944,753 at year end.
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