Nonprofit · EIN 46-0572689
LOS ANGELES COMMUNITY CAPITAL
Tax-exempt · TORRANCE, CA 90501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $750 | $750 | $0 | $5,811,000 | $5,811,000 | $0 |
| December 31, 2022 | 990 | $1,000 | $900 | $100 | $5,917,160 | $5,917,160 | $0 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $750
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $750
Balance sheet and other
- Total assets, start of year
- $5,917,160
- Total assets, end of year
- $5,811,000
- Total liabilities, end of year
- $5,811,000
- Net assets, end of year
- $0
- Gross receipts
- $750
- Employees
- 0
- Volunteers
- 42
- Year formed
- 2012
- 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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK I IGWEALOR | Director Officer | – | $0 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK I IGWEALOR | Director Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 370 AMAPOLA AVE STE 200A, TORRANCE, CA 90501-7239
- In care of
- % FRANK I IGWEALOR
- Mailing address (990-N for 2024)
- 370 Amapola Ave Ste 200A, Torrance CA 90501
- Principal officer (990 for 2023)
- FRANK I IGWEALOR, 370 Amapola Ave Ste Ste 200-A, Torrance, CA 90501
- Principal officer (990-N for 2024)
- Frank Ikechukwu Igwealor, 370 Amapola Ave Ste 200A, Torrance CA 90501
- Signed the 990
- FRANK I IGWEALOR, Director
- Phone
- (310) 895-1839
- Return prepared by
- Goldstein Franklin
California records
California keeps its own records of charities and corporations. Search them by EIN 46-0572689 or by the name LOS ANGELES COMMUNITY CAPITAL.
- 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
LACC successfully served 278 low-income persons and families needing financial literacy training/education, guidance regarding self-employm self-employment, small business development & entrepreneurship devpmt
Program accomplishments
- Low-Income Persons Empowerment: (1) Help 23 low-income adults to pass professional exams for IN-DEMAND careers; (2) Helped 14 at-risk youths obtain GED and (3) Processed more than 2,125 phone/email inquiries from low-income persons on tax returns, guidance, and tips on their annual tax filings and related issues. Veterans Empowerment: (1) Assisted 27 veterans with business plan, entrepreneurship, finance/capital source, and start-up guide; (2) Provided 221 hours of bookkeeping, accounting, tax, and other technical assistance to veterans-entrepreneurs; and (3) Facilitated $1.9 million in loans to 12 low-income veteran entrepreneurs through borrowers counseling assistance.Expenses $750
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0572689
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L21)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Frank Ikechukwu Igwealor | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $750 | $750 | $5,811,000 | XML |
| 990 | December 2022 | $1,000 | $900 | $5,917,160 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Frank Ikechukwu Igwealor | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Frank Ikechukwu Igwealor | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-0572689).
Questions about LOS ANGELES COMMUNITY CAPITAL
- What is the EIN of LOS ANGELES COMMUNITY CAPITAL?
- The employer identification number (EIN) of LOS ANGELES COMMUNITY CAPITAL is 46-0572689.
- Is LOS ANGELES COMMUNITY CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LOS ANGELES COMMUNITY CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOS ANGELES COMMUNITY CAPITAL file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOS ANGELES COMMUNITY CAPITAL 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 LOS ANGELES COMMUNITY CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of LOS ANGELES COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2023 names FRANK I IGWEALOR.
- Who are the officers and directors of LOS ANGELES COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
- How much revenue does LOS ANGELES COMMUNITY CAPITAL have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $750, expenses of $750 and total assets of $5,811,000 at year end.
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