2022-03-30T10:21:35-05:00 2021-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2020-07-01 237172909 MISSION GRADUATES MISS 4158645205 3040 16TH STREET SAN FRANCISCO CA 94103 EDWARD KAUFMAN CEO 4158645205 2022-03-29 1 EDWARD KAUFMAN 999009999 KATY BROWN P00650274 9257902600 2022-03-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANSON LOUIE 3040 16TH STREET SAN FRANCISCO CA 94103 8536171 0 X WWW.MISSIONGRADUATES.ORG X 1972 CA MISSION GRADUATES IS A CALIFORNIA NONPROFIT BENEFIT ORGANIZATION THAT INCREASES THE NUMBER OF K-12 STUDENTS IN SAN FRANCISCO'S MISSION DISTRICT WHO ARE PREPARED FOR AND COMPLETE A COLLEGE EDUCATION IN COLLABORATION WITH SCHOOLS, PARENTS, AND COMMUNITY PARTNERS. 10 10 143 250 0 0 6235351 8512736 645087 23431 2 4 -9732 -500 6870708 8535671 154841 314776 0 0 5213645 6365678 0 0 515805 1632286 1526055 7000772 8206509 -130064 329162 1803021 4589325 1176375 2645624 626646 1943701 X MISSION GRADUATES IS A CALIFORNIA NONPROFIT BENEFIT ORGANIZATION THAT INCREASES THE NUMBER OF K-12 STUDENTS IN SAN FRANCISCO'S MISSION DISTRICT WHO ARE PREPARED FOR AND COMPLETE A COLLEGE EDUCATION IN COLLABORATION WITH SCHOOLS, PARENTS, AND COMMUNITY PARTNERS. 0 0 3016183 314776 23431 MISSION COMMUNITY BEACON (MCB): ALMOST 30 YEARS AGO, THE ORGANIZATION PARTNERED WITH THE SAN FRANCISCO BEACON INITIATIVE AND CITY AND COUNTY FUNDERS TO DEVELOP AN INNOVATIVE MODEL FOR PROGRAMMING THAT MEETS MORE THAN JUST THE ACADEMIC OR SOCIAL NEEDS OF YOUTH AT EVERETT MIDDLE SCHOOL, IT ALSO CREATES A SPACE FOR YOUTH TO DEVELOP INTO LEADERS IN THEIR COMMUNITY. BEACON CENTERS HAVE BEEN EXPANDED TO 27 SITES IN SAN FRANCISCO, INCLUDING THE ORGANIZATION'S SITES AT BRYANT, FLYNN, AND SANCHEZ ELEMENTARY SCHOOL, IN ADDITION TO THE EXISTING EVERETT BEACON. OVERLAYING THE PROGRAMMING OF THE EXTENDED DAY PROGRAMS, THE BEACON CENTERS IMPLEMENT A COMMUNITY SCHOOL MODEL APPROACH BY PROVIDING A COMPREHENSIVE HUB OF SERVICES DURING THE SCHOOL DAY AND AFTER SCHOOL. THE BEACON CENTERS SERVED OVER 2,200 YOUTH DURING THE YEAR ENDED JUNE 30, 2021, AND EXPANDS THE LEARNING DAY BEYOND THE SCHOOL DAY, PROVIDING INDIVIDUALIZED ACADEMIC INTERVENTIONS, BUT ALSO AN ENVIRONMENT WHERE FUTURE LEADERS CAN TAKE OWNERSHIP OF THEIR EDUCATION, DEVELOP SKILLS NECESSARY TO BE SUCCESSFUL, AND BEGIN WORKING ON THEIR GOALS OF GRADUATION AND HIGHER EDUCATION. DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION PARTNERED WITH BESSIE CARMICHAEL K-8 SCHOOL, WHICH HAS A LONG HISTORY OF SERVING IMMIGRANT FAMILIES, TO IMPLEMENT A BEACON PROGRAM AT THE ONLY PUBLIC SCHOOL IN THE SOMA DISTRICT.RECOGNIZING THE ONGOING NEED OF THEIR STUDENTS IN THE WAKE OF CORONAVIRUS (COVID-19), THE YERBA BUENA CENTER FOR THE ARTS (YBCA) COMMUNITY HUB (THE "HUB") WAS ESTABLISHED AND OPERATED BY THE ORGANIZATION'S STAFF THROUGH THE ON-SITE PARTNERSHIP OF YBCA. COMMUNITY HUBS ARE DESIGNED TO SUPPORT CHILDREN AND YOUTH THAT ARE NOT THRIVING WITH DISTANCE LEARNING, WITH A PRIORITY OF: STUDENTS FROM LOW-INCOME HOUSING; RESIDENTS OF PUBLIC HOUSING, AND SINGLE ROOM OCCUPANCY HOTELS; YOUTH EXPERIENCING HOMELESSNESS; FOSTER YOUTH; AND ENGLISH LANGUAGE LEARNERS. HUB STUDENTS RECEIVED IN-PERSON SUPPORT FOR CHILDREN AND YOUTH, SUPPORT WITH DISTANCE LEARNING, ACCESS TO WI-FI AND DIGITAL LEARNING SERVICES, HEALTHY SNACKS AND MEALS, ENRICHMENT ACTIVITIES, OUTDOOR RECREATION AND PHYSICAL ACTIVITIES, AND MENTAL HEALTH, WELLNESS, AND FAMILY SUPPORT RESOURCES ALL WHILE FOLLOWING HEALTH GUIDELINES FROM THE SAN FRANCISCO DEPARTMENT OF PUBLIC HEALTH. 1838317 EXTENDED DAY PROGRAM (EDP): THE EDP PROVIDES AFTERSCHOOL AND SUMMER EDUCATION TO ALVARADO, CLEVELAND, AND MARSHALL ELEMENTARY SCHOOLS AND THE THOMAS EDISON CHARTER ACADEMY, AND HELPS ALMOST 1,375 STUDENTS DEVELOP THEIR ENGLISH LANGUAGE SKILLS AND INCREASE LITERACY LEVELS, AS WELL AS SHORE UP ACADEMIC SKILLS FOR STUDENTS WHO ARE BELOW GRADE IN CERTAIN ACADEMIC COMPETENCIES. THE EDP EXTENDS THE LEARNING DAY TO ENSURE STUDENTS CAN TRANSITION TO MIDDLE SCHOOL WITH THE ENGLISH LANGUAGE, LITERACY, AND ACADEMIC SKILLS NECESSARY TO EXCEL. THE PROGRAM CONSISTS OF FIVE CORE COMPONENTS: ACADEMIC ENRICHMENT AND GUIDED READING INTERVENTIONS; PROJECT-BASED ELECTIVE THAT INCORPORATE LITERACY-BUILDING OPPORTUNITIES THROUGHOUT EACH CYCLE; SPORTS AND RECREATION; COMMUNITY-BUILDING ACTIVITIES THAT FOSTER GROUP COHESION, BUILD SOCIAL SKILLS, AND MODEL RESILIENCY; AND AN EARLY COLLEGE AWARENESS CURRICULUM THAT PREPARES AND MOTIVATES CHILDREN TO PLAN FOR COLLEGE. DURING DISTANCE LEARNING IN THE YEAR ENDED JUNE 30, 2021, EDP PUSHED INTO THE SCHOOL DAY AND ASSISTED TEACHERS IN THEIR VIRTUAL CLASSROOMS, PROVIDING GROUP AND ONE-ON-ONE SUPPORT, IN ADDITION TO ROBUST AFTERSCHOOL VIRTUAL PROGRAMMING.THE ORGANIZATION IS IN THEIR SECOND YEAR OF IMPLEMENTING THE EDP AT MISSION HIGH SCHOOL. THE SCHOOL, RECOGNIZING THEIR EFFORTS IN SUPPORTING STUDENTS' ACADEMIC COMPETENCIES AND COLLEGE ASPIRATIONS, RELIES ON THE PROGRAM TO REACH THE ENTIRE STUDENT BODY, PROVIDE OPPORTUNITIES FOR POSITIVE YOUTH DEVELOPMENT, AND ENSURE MORE MISSION HIGH SCHOOL STUDENTS ARE COLLEGE READY.PROVIDING PROGRAMMING VIRTUALLY, THEY WERE ABLE TO SUPPORT 195 STUDENTS THROUGH THE PROGRAM. 1336055 COLLEGE ACCESS: COLLEGE CONNECT (CC):CC IS A FAMILY-BASED COLLEGE ACCESS AND SUCCESS PROGRAM THAT LAUNCHED IN SPRING 2008. CC ANNUALLY RECRUITS 25 FOUR-YEAR COLLEGE BOUND HIGH SCHOOL JUNIORS LIVING, OR ATTENDING SCHOOL, IN THE MISSION AND EXCELSIOR DISTRICTS OF SAN FRANCISCO WHO ARE THE FIRST GENERATION TO ATTEND COLLEGE. CC PARTICIPANTS AND THEIR FAMILIES RECEIVE SUPPORT WITH ACT PREPARATION, MATH AND ENGLISH TUTORING, PERSONAL STATEMENTS AND SCHOLARSHIP APPLICATION COACHING, OBTAINING FINANCIAL ASSISTANCE, CHOOSING THE BEST COLLEGE THAT MEETS THEIR PERSONAL AND ACADEMIC NEEDS, AND MAKING A SUCCESSFUL TRANSITION TO COLLEGE WITH SUPPORT THROUGH GRADUATION.CURRENTLY, CC HAS 262 PARTICIPANTS SPREAD ACROSS 13 COHORTS; 86 ARE ALUMNI, 121 ARE COLLEGE STUDENTS, AND 49 ARE HIGH SCHOOL JUNIORS AND SENIORS. 79% OF THE COLLEGE STUDENTS WHO HAVE PARTICIPATED IN THE PROGRAM ARE STILL PERSISTING IN COLLEGE OR HAVE RECEIVED THEIR COLLEGE DEGREE, OVER THREE TIMES THE CALIFORNIA AVERAGE OF 23%. 89% OF STUDENTS IN THE PROGRAM GRADUATE WITHIN 5 YEARS OF COLLEGE ENTRY. THEY HAVE HAD GREAT SUCCESS IN ENSURING THAT FINANCES ARE NOT A BARRIER TO A COLLEGE. THEIR 207 COLLEGE STUDENTS AND ALUMNI RAISED OVER $5,300,000 IN COLLEGE SCHOLARSHIPS, AS WELL AS APPLYING FOR ALL FEDERAL STATE, AND SCHOOL FINANCIAL AID. 508451 PARENT PARTNER PROGRAM (PPP):THE PARENT PARTNER PROGRAM INCREASES THE ACADEMIC SUCCESS AND COLLEGE PROSPECTS OF LATINO AND IMMIGRANT YOUTH BY NURTURING A STRONG CULTURE OF PARENT ENGAGEMENT TO 827 PARENTS ACROSS 11 SCHOOL SITES. THIS PROGRAM COMPLEMENTS THE ORGANIZATION'S OTHER CORE PROGRAMS, ENSURING THAT PARENTS UNDERSTAND THE EDUCATIONAL SYSTEM, HOW THEY CAN BE PARTNERS IN SUPPORTING THEIR CHILDREN'S ACADEMIC GROWTH AND COLLEGE DREAMS, AND HOW TO ADVOCATE BEST FOR THEIR CHILDREN'S NEEDS. THE PARENT PARTNER PROGRAM PROVIDES PARENTS WITH SERVICES THAT INCLUDE: TECHNOLOGY MENTORSHIP, ENGLISH AS A SECOND LANGUAGE COURSES, ENGLISH LEARNER ADVISORY COMMITTEE COACHING AND ADVOCACY PREPARATION, PARENT SUCCESS WORKSHOPS, GENERAL FAMILY ENGAGEMENT CONSULTING SUPPORT, AND SCHOOL-WIDE MEETING AND PLANNING PREPARATION. DURING THE YEAR ENDED JUNE 30, 2021, THE PROGRAM FOCUSED ON VIRTUAL SUPPORT THAT COULD BE PROVIDED, TECHNOLOGY SUPPORT, FAMILY WELLNESS CALLS, AND WEEKLY FACEBOOK LIVE SESSIONS PROVIDING AN ARRAY OF TOPICS ON SUPPORTING STUDENTS IN THEIR EDUCATIONAL JOURNEY AND DEALING WITH THE IMPACT OF COVID-19. 508451 6699006 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 1 143 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X ANSON LOUIE 4158645205 3040 16TH STREET SAN FRANCISCO CA 94103 CHRISTINE NASH PRESIDENT 2.00 X X 0 0 0 AMELIA M MARTINEZ-BANKHEAD VICE PRESIDENT (THRU 01/21) 2.00 X X 0 0 0 CAROL HUNTER TREASURER 1.00 X X 0 0 0 ALBERTO GALINDO SECRETARY 1.00 X X 0 0 0 JENNYFER AGUILERA MORRISON DIRECTOR 1.00 X 0 0 0 JOEY CASTANEDA DIRECTOR 1.00 X 0 0 0 REBECCA STEPHENS DIRECTOR 1.00 X 0 0 0 SARAH HOOKER DIRECTOR 1.00 X 0 0 0 LUIS COSTA DIRECTOR (AS OF 05/21) 1.00 X 0 0 0 DOMINIQUE SIERRA DIRECTOR (AS OF 06/21) 1.00 X 0 0 0 EVE CARY FISHER DIRECTOR (THRU 03/21) 1.00 X 0 0 0 EVELYN CASTRO DIRECTOR 1.00 X 0 0 0 JEWELEA RIVAS DIRECTOR (THRU 07/20) 1.00 X 0 0 0 EDWARD KAUFMAN CHIEF EXECUTIVE OFFICER 40.00 X 158328 0 22648 ROBERT BENAVIDEZ CHIEF FINANCIAL & OPERATIN 40.00 X 160200 0 20368 NATALIE GUANDIQUE CHIEF PROGRAM OFFICER 40.00 X 132500 0 16835 TRINA RAMSEY CHIEF DEVELOPMENT OFF (AS OF 11/20) 40.00 X 17400 0 4094 468428 0 63945 3 0 1 0 BAY AREA COMMUNITY RESOURCES 171 CARLOS DRIVE SAN RAFAEL CA 94903 SCHOOL SUPPORT CONTRACTORS 124000 1 76446 4644738 3791552 8512736 FEES AND SALES 900099 23431 23431 23431 4 4 0 76446 500 -500 -500 8535671 23431 0 -496 314776 314776 691546 278965 246795 165786 4655102 3989437 479960 185705 173030 154534 14259 4237 407154 338358 52184 16612 438846 356734 62943 19169 8979 8979 32839 30298 578 1963 723534 666863 12891 43780 13125 4767 647 7711 180735 82983 78787 18965 128297 104771 13809 9717 173310 141173 19113 13024 9167 5079 436 3652 51826 28712 2468 20646 11759 9578 1297 884 32161 26195 3549 2417 PROGRAM OPERATING EXPEN 143601 143194 84 323 EQUIPMENT 16722 13610 1898 1214 8206509 6699006 991698 515805 196200 2345022 12696 1144 1432434 1995131 6281 6350 119827 126025 127106 30802 16234 96304 19349 19349 1803021 4589325 252338 638727 4410 4410 919627 2002487 1176375 2645624 X -68071 -547049 694717 2490750 626646 1943701 1803021 4589325 X 329162 378000 609893 X X 0 1 X 1 0 X 2797643 3463665 4449172 6235351 8512736 25458567 2797643 3463665 4449172 6235351 8512736 25458567 3867468 21591099 471 154 1129 2 4 1760 15449 15449 25475776 2303252 0.84750 0.92960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - RAFFLE INCOME - 2017 AMOUNT: $ 15,449. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110583 16733 93850 16523 14069 2454 96304 PAYCHECK PROTECTION PROGRAM 1992487 ECONOMIC INJURY DISASTER LOAN 10000 2002487 X 9146064 500 500 9145564 -609893 -609893 8535671 8207009 500 500 8206509 0 8206509 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). UNRELATED BUSINESS INCOME, IF ANY, MAY BE SUBJECT TO INCOME TAX. U.S. GAAP REQUIRES THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE ORGANIZATION'S TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATIONS FOR THREE YEARS FROM THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 500. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN FROM ACQUISITION -609,893. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 500. FOOD FOR THOUGHT 76446 76446 500 76446 76446 500 500 -500 1 SCHOLARSHIP 122 314776 FMV TUITION, BOOKS & MATERIALS PART I, LINE 2: THE COLLEGE CONNECT DIRECTOR CONVENES A SCHOLARSHIP SELECTION COMMITTEE THAT ASSESSES EACH SCHOLARSHIP APPLICATION TO DETERMINE WHICH STUDENTS NEED THE MOST FINANCIAL SUPPORT. IN SOME CASES, STUDENTS THAT WERE AWARDED SCHOLARSHIPS IN THEIR FIRST YEAR OF COLLEGE MAY NOT BE AWARDED A SCHOLARSHIP THE FOLLOWING YEAR DUE TO A CHANGE IN THEIR FINANCIAL AID PACKAGE. CHANGES IN FINANCIAL AID PACKAGES CAN BE DUE TO A STUDENT RECEIVING A SCHOLARSHIP, MORE OR LESS AID FROM THEIR COLLEGE OR UNIVERSITY. HAVING THE FLEXIBILITY TO AWARD STUDENTS WITH THE BIGGEST FINANCIAL NEEDS HELPS US MANAGE THE AMOUNT OF DEBT STUDENTS WILL BE RESPONSIBLE FOR AFTER COLLEGE GRADUATION. STUDENTS WITH THE HIGHEST FINANCIAL NEEDS HAVE THE HIGHEST PRIORITY TO RECEIVE SCHOLARSHIPS. THE COMMITTEE ALSO CONSIDERS PROGRAM PARTICIPATION AND CITIZENSHIP STATUS AS CRITICAL FACTORS IN RECIPIENT SELECTION. STUDENTS MUST DEMONSTRATE A COMMITMENT TO THE PROGRAM WHILE STILL IN HIGH SCHOOL IN ORDER TO BE SELECTED. COLLEGE CONNECT PARTICIPATION AND ATTENDANCE IS A STRONG INDICATOR OF THE STUDENT'S ABILITY TO MAINTAIN COMMUNICATION WHILE IN COLLEGE. A STUDENT WITH POOR COMMUNICATION AND LOW ATTENDANCE WILL LIKELY DEMONSTRATE THIS WHILE IN COLLEGE, AND IS AT RISK FOR LOW ACADEMIC PERFORMANCE AND DROPPING OUT. CITIZENSHIP IS ALSO A FACTOR BECAUSE OF THE LIMITED OPTIONS FOR FINANCIAL AID, EDUCATIONAL GRANTS, AND SCHOLARSHIPS FOR STUDENTS THAT ARE NOT CITIZENS. RECIPIENTS ARE THEN SELECTED BASED ON THEIR OUTSTANDING FINANCIAL NEED (AFTER OTHER FINANCIAL AID SOURCES ARE INCLUDED) AND PROGRAM INVOLVEMENT. X X 0 0 0 0 0 0 0 0 0 EDWARD KAUFMAN CHIEF EXECUTIVE OFFICER 158328 0 0 0 0 0 13233 0 9415 0 180976 0 0 0 ROBERT BENAVIDEZ CHIEF FINANCIAL & OPERATIN 160200 0 0 0 0 0 13035 0 7333 0 180568 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ED AND THE FINANCE DIRECTOR BEFORE IT IS REVIEWED BY THE FINANCE COMMITTEE FOR ADOPTION OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS SIGN A FORM EACH YEAR ACKNOWLEDGING THEY ARE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO INFORM THE ORGANIZATION IF A SITUATION ARISES IN WHICH THEY HAVE A CONFLICT. THE EXECUTIVE DIRECTOR PROVIDES A REPORT TO THE BOARD WHENEVER AN OCCASION PRESENTS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE CONSISTING OF THE BOARD EVALUATES THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE COMMITTEE DETERMINES SALARY BASED ON PERFORMANCE, COMPARATIVE DATA FROM A SALARY SURVEY COVERING THE GREATER SAN FRANCISCO BAY AREA, INCLUDING DATA AVAILABLE FROM OTHER NONPROFIT ORGANIZATIONS OPERATING IN CALIFORNIA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE IN A FILING CABINET AND AVAILABLE FOR READING AT THE MISSION GRADUATES OFFICE. FORM 990, PART XI, LINE 9: GAIN FROM ACQUISITION 609,893. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8 DURING 2021, THE ORGANIZATION IDENTIFIED ERRORS IN THE ACCOUNTING FOR CONTRIBUTION REVENUE. THE ORGANIZATION RECEIVED UNCONDITIONAL DONOR-RESTRICTED GRANTS TOTALING $378,000 DURING PRIOR YEARS THAT SHOULD HAVE BEEN RECOGNIZED AS REVENUES IN PRIOR YEARS. ITS PREVIOUS STATEMENT OF FINANCIAL POSITION, STATEMENT OF ACTIVITIES, AND STATEMENT OF CASH FLOWS HAVE BEEN RESTATED FOR THE YEAR ENDED JUNE 30, 2020. FORM 990, PART XI, LINE 9 ON JULY 31, 2020, THE ORGANIZATION ENTERED INTO AN AGREEMENT AND PLAN OF MERGER WITH ATHLETIC SCHOLARS ADVANCEMENT PROGRAM ("ASAP"), A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. ASAP WILL OPERATE AS A PROGRAM OF THE ORGANIZATION AND CONTINUE TO PROVIDE COLLEGE ACCESS AND SERVICES TO STUDENTS OF MISSION HIGH SCHOOL. THE TRANSACTION WAS ACCOUNTED FOR AS AN ACQUISITION OF ASAP BY THE ORGANIZATION. THE ORGANIZATION ACQUIRED ALL ASSETS AND ASSUMED ALL LIABILITIES OF ASAP. THE NET ASSETS ACQUIRED AMOUNTED TO $609,893.