MISSION ASSET FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MISSION ASSET FUND (EIN 20-8993652)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-27
- IRS object ID
- 202402409349300430
- Schema version
- 2023v5.1
- Note
- A later return for the same period supersedes this one.
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-27T14:42:32-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 SECOND STREET SUITE 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208993652 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MISSION ASSET FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MISS | BusinessNameControlTxt |
| Phone | 8882744808 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3269 MISSION STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSE QUINONEZ | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8882744808 | PhoneNum |
| Signature | 2024-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL LUMSDEN | PreparerPersonNm |
| PTIN | P01262236 | PTIN |
| Phone | 4159561500 | PhoneNum |
| Preparation | 2024-08-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSE QUINONEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3269 MISSION STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $87,131,669 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MISSIONASSETFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | HELPING PEOPLE BECOME VISIBLE, ACTIVE, AND SUCCESSFUL IN THEIR FINANCIAL LIVES BY EXPANDING ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS FOR LOW-INCOME AND IMMIGRANT COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 54 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,517,022 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,448,470 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $253,353 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $270,752 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,250,668 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,166,803 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $9,021,043 | PYTotalRevenueAmt |
| CY Total Revenue | $8,886,025 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,533,865 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,442,696 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,602,283 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,629,843 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $586,468 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,863,897 | PYOtherExpensesAmt |
| CY Other Expenses | $3,100,683 | CYOtherExpensesAmt |
| PY Total Expenses | $20,000,045 | PYTotalExpensesAmt |
| CY Total Expenses | $20,173,222 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$10,979,002 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$11,287,197 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $43,085,680 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,396,965 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,321,761 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,633,682 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $38,763,919 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $27,763,283 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO HELP PEOPLE BECOME VISIBLE, ACTIVE, AND SUCCESSFUL IN THEIR FINANCIAL LIVES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,214,901 | ExpenseAmt |
| Grant | $10,051,200 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | RECOVERY PROGRAM - TO SUPPORT PEOPLE IN THE TRANSITION FROM EMERGENCY RELIEF TO LONG-TERM RECOVERY, MAF LAUNCHED AN UNPARALLELED INITIATIVE SUPPORTING THE FINANCIAL RECOVERY OF IMMIGRANT FAMILIES EXCLUDED FROM FEDERAL COVID-19 RELIEF. THE ORGANIZATION'S IMMIGRANT FAMILIES RECOVERY PROGRAM, LAUNCHED AT THE END OF 2021, IS A $30M FUND TO PROVIDE A $400 GUARANTEED MONTHLY INCOME FOR UP TO 24 MONTHS TO 3,000 IMMIGRANT FAMILIES. GOING BEYOND CASH SUPPORT, THE PROGRAM PAIRS MONTHLY PAYMENTS WITH ACCESS TO THE ORGANIZATION'S CREDIT BUILDING PRODUCTS, FINANCIAL EDUCATION COURSES, ONE-ON-ONE COACHING, AND SELF-ADVOCACY TRAINING TO HELP PARTICIPANTS REBUILD AND RECOVER FASTER. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,705,243 | ExpenseAmt |
| Grant | $324,556 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | IMMIGRATION LOANS - IN 2017, THE ORGANIZATION EXPANDED THE PORTFOLIO OF PROGRAMS TO INCLUDE A ZERO-INTEREST IMMIGRATION LOAN PROGRAM AND SCHOLARSHIPS TO HELP INDIVIDUALS COVER THE COST OF CITIZENSHIP APPLICATIONS, DEFERRED ACTION FOR CHILDHOOD ARRIVALS (DACA), GREEN CARD, AND OTHER IMMIGRATION RELATED FEES. IN 2021, AGAINST THE BACKDROP OF THE COVID-19 PANDEMIC, NUMEROUS CHANGES IN IMMIGRATION POLICY PUT IMMIGRANT HOUSEHOLDS' FUTURE AND FINANCES UNDER IMMENSE STRAIN. THE ORGANIZATION EXPANDED ITS IMMIGRATION PROGRAM OFFERINGS, PROVIDING A SLIDING SCALE OF CREDIT-BUILDING LOANS, PARTIAL, AND FULL GRANTS TO COVER THE COST OF SEVEN USCIS APPLICATION FEES, INCLUDING HUMANITARIAN PAROLE FOR AFGHAN REFUGEES. IN LINE WITH THE COVID-RELATED CHANGES TO THE LENDING CIRCLES PROGRAM, THE ORGANIZATION EXTENDED ALL LOAN FLEXIBILITY OPTIONS TO APPLY TO ALL IMMIGRATION LOANS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,485,711 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $254,921 | RevenueAmt |
| Desc | LENDING CIRCLES - IN 2008, THE ORGANIZATION LAUNCHED THE LENDING CIRCLES SOCIAL LOAN PROGRAM, INTRODUCING A NEW STRATEGY ROOTED IN THE GLOBAL TRADITION OF GROUP LENDING THAT ENABLES LOW-INCOME FAMILIES TO BUILD CREDIT, REDUCE DEBT, AND IMPROVE THEIR FINANCIAL SECURITY. IN RESPONSE TO THE COVID-19 PANDEMIC, THE ORGANIZATION TEMPORARILY EMBEDDED GREATER FLEXIBILITY IN THE LENDING CIRCLES PROGRAM TO HELP CLIENTS WEATHER FINANCIAL CHALLENGES, INCLUDING OPTIONS TO IMPLEMENT A 3-MONTH LOAN FORBEARANCE, PUT A ONE-MONTH HOLD ON PAYMENTS, OR RESTRUCTURE LOAN PAYMENTS. IN PARTNERSHIP WITH A NATIONWIDE NETWORK OF NONPROFITS, THE ORGANIZATION PROVIDES LENDING CIRCLES THROUGH BOTH DIRECT PROGRAMS IN CALIFORNIA AND NATIONWIDE. PAIRED WITH TIMELY, ACTIONABLE, AND CULTURALLY-RELEVANT FINANCIAL EDUCATION, THE LENDING CIRCLES PROGRAM HAS BEEN WIDELY ACCLAIMED FOR ITS IMPACT, HELPING THOUSANDS OF PARTICIPANTS ACCESS SAFE AND AFFORDABLE CAPITAL, BUILD CREDIT, AND ESTABLISH A FOOTHOLD IN THE U.S. MAINSTREAM FINANCIAL SYSTEM. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,055,562 | ExpenseAmt |
| Grant | $66,940 | GrantAmt |
| Revenue | $15,831 | RevenueAmt |
| Desc | BUSINESS MICROLOANS - IN 2012, THE ORGANIZATION BUILT ON THE SUCCESSFUL LENDING CIRCLES MODEL TO PROVIDE ZERO-INTEREST, CREDIT-BUILDING CAPITAL TO ENTREPRENEURS AND MICRO-BUSINESS OWNERS IN CALIFORNIA'S BAY AREA. THROUGH LENDING CIRCLES FOR BUSINESS, PRIOR LENDING CIRCLES CLIENTS RECEIVED BUSINESS-SPECIFIC TECHNICAL ASSISTANCE, FINANCIAL COACHING, AND DIRECT LOANS OF UP TO $2,500 TO INVEST IN THEIR BUSINESS. IN 2021, THE ORGANIZATION RESTRUCTURED THE PROGRAM TO MEET THE NEEDS OF A GROWING COMMUNITY OF ENTREPRENEURS NAVIGATING THE COVID-19 PANDEMIC THROUGH NEW BUSINESS CREATION. THE ORGANIZATION'S REVAMPED BUSINESS MICROLOAN PROGRAM SERVES CLIENTS ACROSS THE STATE OF CALIFORNIA WITH NO REQUIREMENTS ON PRIOR PROGRAM PARTICIPATION. IN ADDITION, THE ORGANIZATION EXPANDED OFFERINGS THROUGH MYMAF, AN IN-HOUSE MOBILE APPLICATION WHERE USERS ARE ACCESSING PATHWAYS TO FINANCIAL EMPOWERMENT THROUGH A VAST DIGITAL FINANCIAL EDUCATION AND COACHING LIBRARY.EMERGENCY GRANTS - IN 2020, THE ORGANIZATION CREATED THE COVID-19 RAPID RESPONSE FUND, A NATIONWIDE FINANCIAL RELIEF FUND TO PROVIDE DIRECT CASH ASSISTANCE TO LOW WAGE WORKERS, CALIFORNIA PUBLIC COLLEGE STUDENTS, AND IMMIGRANT FAMILIES EXCLUDED FROM FEDERAL SUPPORT. RATHER THAN DISBURSING GRANTS THROUGH A FIRST-COME, FIRST-SERVED BASIS OR LOTTERY SYSTEMS-APPROACHES THAT FURTHER INEQUALITY BY PREFERENCING THOSE WITH THE BEST RESOURCES, ACCESS, OR LUCK--THE ORGANIZATION DEVELOPED A FINANCIAL EQUITY FRAMEWORK TO DIRECT RESOURCES TO APPLICANTS FACING THE GREATEST FINANCIAL HARDSHIP. OVER THE COURSE OF 18 MONTHS, THE ORGANIZATION DISBURSED MORE THAN 65,000 GRANTS TOTALING $40M IN DIRECT RELIEF. BEYOND GRANTS, THE ORGANIZATION ALSO ESTABLISHED RESOURCES FINDER, A NEW ONLINE TOOL TO MATCH PEOPLE WITH RELEVANT RESOURCES THAT THEY MAY BE ELIGIBLE FOR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,055,562 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $66,940 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $15,831 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $18,461,417 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 54 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIELA SALAS | PersonNm |
| Phone | 8882744808 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3269 MISSION STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94110 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DAVE KRIMM | |||||||
| BOARD PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH IRONS SEEM | |||||||
| BOARD VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| STEPHAN WALDSTROM | |||||||
| BOARD SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SAGAR SHAH | |||||||
| BOARD TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JORGE BLANDON | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MONICA ISSAR | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL LAU | |||||||
| BOARD MEMBER START 9/2023 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JESSICA LEGGETT | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ASH MCNEELY | |||||||
| BOARD MEMBER START 9/2023 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AQUILINA SORIANO | |||||||
| BOARD MEMBER THROUGH 12/2023 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SALVADOR TORRES | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSE QUINONEZ | |||||||
| FOUNDER & CEO | 40.00 | Yes (X) | $255,349 | $0 | $50,263 | ||
| DANIELA SALAS | |||||||
| CO-FOUNDER & COO | 40.00 | Yes (X) | $231,414 | $0 | $51,750 | ||
| BINIAM HAILE | |||||||
| FINANCE DIRECTOR THROUGH 8/2023 | 40.00 | Yes (X) | $116,293 | $0 | $19,338 | ||
| MACKENZIE GARCIA-FAZENBAKER | |||||||
| FIN & COMPLIANCE DIR START 10/2023 | 40.00 | Yes (X) | $101,603 | $0 | $24,215 | ||
| JOANNA CORTEZ HERNANDEZ | |||||||
| ADVOCACY & ENGAGEMENT DIRECTOR | 40.00 | $157,134 | $0 | $20,214 | Yes (X) | ||
| HELENA SANCHEZ-SILVA GARIJO | |||||||
| DIRECTOR OF PROGRAMS | 40.00 | $152,256 | $0 | $19,887 | Yes (X) | ||
| ANGELA HEDGES | |||||||
| DIRECTOR OF PRODUCT | 40.00 | $139,353 | $0 | $23,008 | Yes (X) | ||
| JENNIFER BROOKS | |||||||
| NURTURE CEO | 40.00 | $154,446 | $0 | $8,626 | Yes (X) | ||
| DORIS VASQUEZ | |||||||
| PROGRAMS MANAGER | 40.00 | $134,899 | $0 | $28,464 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,442,747 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $245,765 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 28 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MEGINFO INC | |||||
| 3120 SCOTT BLVD 9 | SANTA CLARA | CA | 95054 | PLATFORM MAINTENANCE | $511,016 |
| MOBLOR | |||||
| 3120 SCOTT BLVD 9 | SANTA CLARA | CA | 95054 | APPLICATIONS DEVELOPMENT SERVICES | $106,856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,450,352 | GovernmentGrantsAmt |
| All Other Contributions | $3,998,118 | AllOtherContributionsAmt |
| Total Contributions | $7,448,470 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM SERVICE & LICENSE FEES | 541900 | $254,921 | $254,921 |
| CONFERENCE, SEMINARS, & OTHER | 541900 | $15,831 | $15,831 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $270,752 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,164,821 | TotalRevenueColumnAmt |
| Exclusion | $1,164,821 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $78,247,626 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $78,245,644 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,982 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,982 | TotalRevenueColumnAmt |
| Exclusion | $1,982 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,886,025 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $270,752 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,166,803 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,442,696 | TotalAmt |
| Program Services | $10,442,696 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $850,223 | TotalAmt |
| Program Services | $294,387 | ProgramServicesAmt |
| Management And General | $496,959 | ManagementAndGeneralAmt |
| Fundraising | $58,877 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,072 | TotalAmt |
| Program Services | $163,072 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,450,049 | TotalAmt |
| Program Services | $3,937,871 | ProgramServicesAmt |
| Management And General | $165,198 | ManagementAndGeneralAmt |
| Fundraising | $346,980 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,735 | TotalAmt |
| Program Services | $198,919 | ProgramServicesAmt |
| Management And General | $7,386 | ManagementAndGeneralAmt |
| Fundraising | $17,430 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $529,539 | TotalAmt |
| Program Services | $472,952 | ProgramServicesAmt |
| Management And General | $22,309 | ManagementAndGeneralAmt |
| Fundraising | $34,278 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $413,225 | TotalAmt |
| Program Services | $341,913 | ProgramServicesAmt |
| Management And General | $42,321 | ManagementAndGeneralAmt |
| Fundraising | $28,991 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,286 | TotalAmt |
| Management And General | $10,286 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,680 | TotalAmt |
| Management And General | $72,680 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,750 | TotalAmt |
| Management And General | $53,750 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,925 | TotalAmt |
| Program Services | $314,152 | ProgramServicesAmt |
| Management And General | $87,805 | ManagementAndGeneralAmt |
| Fundraising | $30,968 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,500 | TotalAmt |
| Program Services | $3,088 | ProgramServicesAmt |
| Management And General | $250 | ManagementAndGeneralAmt |
| Fundraising | $162 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,559 | TotalAmt |
| Program Services | $153,843 | ProgramServicesAmt |
| Management And General | $27,792 | ManagementAndGeneralAmt |
| Fundraising | $16,924 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,019 | TotalAmt |
| Program Services | $590,314 | ProgramServicesAmt |
| Management And General | $582 | ManagementAndGeneralAmt |
| Fundraising | $123 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,495 | TotalAmt |
| Program Services | $172,183 | ProgramServicesAmt |
| Management And General | $18,929 | ManagementAndGeneralAmt |
| Fundraising | $11,383 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,653 | TotalAmt |
| Program Services | $44,700 | ProgramServicesAmt |
| Management And General | $26,065 | ManagementAndGeneralAmt |
| Fundraising | $6,888 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,565 | TotalAmt |
| Program Services | $12,565 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Program Services | $15,000 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,849 | TotalAmt |
| Program Services | $95,626 | ProgramServicesAmt |
| Management And General | $3,141 | ManagementAndGeneralAmt |
| Fundraising | $2,082 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,739 | TotalAmt |
| Program Services | $1,343 | ProgramServicesAmt |
| Management And General | $36,325 | ManagementAndGeneralAmt |
| Fundraising | $71 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES, LICENSES, & FEES | $950,798 | $866,090 | $53,411 | $31,297 |
| PROV FOR CREDIT LOSSES | $213,864 | $213,864 | ||
| SURVEY INCENTIVES | $126,959 | $126,839 | $106 | $14 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42 | TotalAmt |
| Management And General | $42 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,173,222 | TotalAmt |
| Program Services | $18,461,417 | ProgramServicesAmt |
| Management And General | $1,125,337 | ManagementAndGeneralAmt |
| Fundraising | $586,468 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,238,461 | BOYAmt |
| EOY | $1,925,474 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,851,557 | BOYAmt |
| EOY | $4,476,267 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $764,236 | BOYAmt |
| EOY | $542,287 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,305 | BOYAmt |
| EOY | $120,758 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,986 | BOYAmt |
| EOY | $212,748 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $242,092 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $199,129 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,906 | BOYAmt |
| EOY | $42,963 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,357,726 | BOYAmt |
| EOY | $22,516,528 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $667,542 | BOYAmt |
| EOY | $1,000,885 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,962 | BOYAmt |
| EOY | $239,490 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $456,999 | BOYAmt |
| EOY | $319,565 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,085,680 | BOYAmt |
| EOY | $31,396,965 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $672,961 | BOYAmt |
| EOY | $515,483 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,515,014 | BOYAmt |
| EOY | $2,118,055 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $520,000 | BOYAmt |
| EOY | $500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $613,786 | BOYAmt |
| EOY | $500,144 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,321,761 | BOYAmt |
| EOY | $3,633,682 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,190,427 | BOYAmt |
| EOY | $22,842,719 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,573,492 | BOYAmt |
| EOY | $4,920,564 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,763,919 | BOYAmt |
| EOY | $27,763,283 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,085,680 | BOYAmt |
| EOY | $31,396,965 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$11,287,197 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $325,188 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$38,627 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,511,225 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,302,810 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $57,174,476 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,517,022 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,448,470 | CurrentTaxYearAmt |
| Total | $118,954,003 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,511,225 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,302,810 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $57,174,476 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,517,022 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,448,470 | CurrentTaxYearAmt |
| Total | $118,954,003 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,181,372 | SubstantialContributorsTotAmt |
| Public Support Total170 | $113,772,631 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,889 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $86,981 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $467,639 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,294,917 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,164,821 | CurrentTaxYearAmt |
| Total | $3,023,247 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $5,603 | CurrentTaxYearMinus2YearsAmt |
| Total | $5,603 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $121,982,853 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,187,609 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.93270 | PublicSupportCY170Pct |
| Public Support PY170 | 0.93960 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 5,603. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $20,119,472 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $20,119,472 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,380 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,298 | DepreciationAmt |
| Book Value | $10,082 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $115,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $93,198 | DepreciationAmt |
| Book Value | $22,133 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,381 | OtherCostOrOtherBasisAmt |
| Depreciation | $81,633 | DepreciationAmt |
| Book Value | $10,748 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $42,963 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PARTNER FUNDS HELD | $194,937 |
| OPERATING LEASE LIABILITIES | $305,207 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $500,144 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $9,157,463 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $325,188 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $325,188 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,832,275 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $53,750 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $53,750 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,886,025 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,119,472 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $20,119,472 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $53,750 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $53,750 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $20,173,222 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD HAVE DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE (RTC) 23701D. THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022, AND IS NOT AWARE OF ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS AND COVID RELIEF | GrantTypeTxt |
| Recipient | 3520 | RecipientCnt |
| Cash Grant | $10,442,696 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN 2023, MISSION ASSET FUND RESPONDED TO THE UNPRECEDENTED HEALTH AND ECONOMIC CRISIS CREATED BY THE COVID-19 PANDEMIC WITH A NEW EMERGENCY GRANT PROGRAM. THE ORGANIZATION'S RAPID RESPONSE FUND PROVIDED UNRESTRICTED DIRECT CASH ASSISTANCE TO LOW WAGE WORKERS, CALIFORNIA'S LOW-INCOME COLLEGE STUDENTS, AND IMMIGRANT FAMILIES LEFT OUT OF CARES ACT RELIEF. AVAILABLE FUNDS WERE DISBURSED ON A NATIONAL SCALE USING AN EQUITY LENS TO FOCUS RESOURCES ON HOUSEHOLDS FACING THE GREATEST FINANCIAL HARDSHIP. THE ORGANIZATION MONITORS USAGE OF SUCH PAYMENTS ON A CONTINUOUS BASIS USING ITS GRANT SYSTEM AND ACCESS TO DAILY BANK REPORTS. OTHER GRANT PROGRAM ELIGIBILITY AND MONITORING OCCURS AS PART OF THE ONGOING OPERATION OF THE RELATED PROGRAMS. THESE MONITORING AND CONTROL PROCEDURES ARE DESIGNED TO INSURE THE PROPER USE OF GRANTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOSE QUINONEZ | ||||||||||||||
| FOUNDER & CEO | $255,349 | $0 | $0 | $0 | $0 | $0 | $9,213 | $0 | $41,050 | $0 | $305,612 | $0 | $0 | $0 |
| DANIELA SALAS | ||||||||||||||
| CO-FOUNDER & COO | $231,414 | $0 | $0 | $0 | $0 | $0 | $14,027 | $0 | $37,723 | $0 | $283,164 | $0 | $0 | $0 |
| JOANNA CORTEZ HERNANDEZ | ||||||||||||||
| ADVOCACY & ENGAGEMENT DIRECTOR | $157,134 | $0 | $0 | $0 | $0 | $0 | $9,462 | $0 | $10,752 | $0 | $177,348 | $0 | $0 | $0 |
| HELENA SANCHEZ-SILVA GARIJO | ||||||||||||||
| DIRECTOR OF PROGRAMS | $152,256 | $0 | $0 | $0 | $0 | $0 | $9,135 | $0 | $10,752 | $0 | $172,143 | $0 | $0 | $0 |
| DORIS VASQUEZ | ||||||||||||||
| PROGRAMS MANAGER | $134,899 | $0 | $0 | $0 | $0 | $0 | $6,762 | $0 | $21,702 | $0 | $163,363 | $0 | $0 | $0 |
| JENNIFER BROOKS | ||||||||||||||
| NURTURE CEO | $154,446 | $0 | $0 | $0 | $0 | $0 | $7,719 | $0 | $907 | $0 | $163,072 | $0 | $0 | $0 |
| ANGELA HEDGES | ||||||||||||||
| DIRECTOR OF PRODUCT | $139,353 | $0 | $0 | $0 | $0 | $0 | $8,428 | $0 | $14,580 | $0 | $162,361 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER BROOKS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF CEO JOSE QUINONEZ | RelationshipDescriptionTxt |
| Transaction | $163,072 | TransactionAmt |
| Transaction | EMPLOYEE COMPENSATION FOR SERVICES | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE DEPARTMENT. THE FINANCE & COMPLIANCE DIRECTOR, COO, AND CEO ALL INITIALLY REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE, AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE ANNUALLY SIGNS A STATEMENT AFFIRMING SUCH PERSON: (I) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (II) HAS READ AND UNDERSTANDS THE POLICY; (III) HAS AGREED TO COMPLY WITH THE POLICY; AND (IV) UNDERSTANDS MAF IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE IN PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ADDITIONALLY, IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. SHOULD AN ACTUAL CONFLICT BE IDENTIFIED, AN INTERESTED PARTY MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIR OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER MAF CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN MAF'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE ORGANIZATION'S CEO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, WHICH UTILIZES COMPARABILITY DATA (INCLUDING DATA FROM COMPENSATION SURVEYS/STUDIES) OF SIMILARLY SITUATED EMPLOYEES IN SIMILAR ORGANIZATIONS/GEOGRAPHIC REGIONS. THE PROCESS IS DOCUMENTED IN THE MINUTES OF THE COMMITTEE MEETING. COMPENSATION FOR OTHER OFFICERS/KEY EMPLOYEES IS DETERMINED BY THE ORGANIZATION'S CEO, WHO UTILIZES COMPARABILITY DATA (INCLUDING DATA FROM COMPENSATION SURVEYS/STUDIES) OF SIMILARLY SITUATED EMPLOYEES IN SIMILAR ORGANIZATIONS/GEOGRAPHIC REGIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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