2021-06-24T12:19:22-07:00 2020-12-31 Crosby & Kaneda CPAs LLP 1970 Broadway STE 930 Oakland CA 94612 990 2020-01-01 208993652 Mission Asset Fund MISS 8882744808 3269 Mission Street San Francisco CA 94110 Jose Quinonez CEO 2021-06-24 true Jose Quinonez 999009999 Felix Gorrindo P01658413 5108352727 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Jose Quinonez 3269 Mission Street San Francisco CA 94110 41604479 false X http://missionassetfund.org X 2007 CA Mission Asset Fund helps immigrants and low income individuals to improve their financial capabilities across the United States. 11 11 39 40 0 5511225 41302810 266796 214688 8889 86981 0 5786910 41604479 149455 27307540 0 2567329 3663820 29100 18000 292958 1493744 2427459 4239628 33416819 1547282 8187660 8409942 17787866 597091 1787355 7812851 16000511 X Helps individuals and low income family members to improve their financial capabilities. true false 30516419 27217636 COVID-19 pandemic emergency grant program 1475176 R&D and Tech innovation work 692834 89904 214688 Immigration loan and fee assistance, Lending Circles, small business & financial coaching programs 32684429 true true false true false false false false false false true false false false true true true false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false true 19 0 true 39 true false false false false false false false 0 false false false false false false false X 11 11 false false false false false false false true true false false true true true true false true true true false CA X Daniela Salas 8882744808 3269 Mission Street San Francisco CA 94110 Jose Quinonez CEO 40.00 0.00 X 181000 0 37733 Daniela Salas COO 40.00 0.00 X 165533 0 38173 Biniam Haile Finance Director 40.00 0.00 125773 0 11417 Elena Fairley Program Director 40.00 0.00 116477 0 14122 Rachid Grimes Tech Proj Manager 40.00 0.00 111274 0 12878 Alexandra Altman Strat Initiv Mngr 40.00 0.00 110236 0 12631 David Krimm President 1.00 0.00 X X 0 0 0 Manuel Santamaria Secretary 1.00 0.00 X X 0 0 0 Haydee Moreno Treasurer 1.00 0.00 X X 0 0 0 Cara Angelmar Board Member 1.00 0.00 X 0 0 0 Jessica Leggett Board Member 1.00 0.00 X 0 0 0 Gabriela Sandoval Board Member 1.00 0.00 X 0 0 0 Elizabeth Seem Board Member 1.00 0.00 X 0 0 0 Sagar Shah Board Member 1.00 0.00 X 0 0 0 Salvador Torres Board Member 1.00 0.00 X 0 0 0 Aquilina Soriano Versoza Board Member 1.00 0.00 X 0 0 0 Stephan Waldstrom Board Member 1.00 0.00 X 0 0 0 810293 126954 6 false true false Meginfo Inc 1630 Ridgetree Way San Jose CA 95131 Platform maintenance 331773 1 4435259 36867551 41302810 Conf seminar & other 900099 32016 32016 Prgm srvce & license fees 900099 182672 182672 214688 86981 86981 0 0 0 0 0 0 0 0 41604479 214688 86981 0 27307540 27307540 0 0 422439 240273 105610 76556 0 2654864 2362605 189214 103045 118888 105571 7952 5365 236931 215552 10090 11289 230698 198271 20195 12232 0 0 20300 20300 0 18000 18000 0 792843 771832 9579 11432 402 359 27 16 177275 153473 13977 9825 404746 395122 6227 3397 0 199894 180622 11869 7403 30439 28988 667 784 0 8740 8710 30 9493 9493 0 203771 200858 1793 1120 12390 135 12246 9 Software license fees 486147 486147 Dues, license & service fees 76082 14267 29360 32455 Write offs & other 4937 4611 326 0 33416819 32684429 439432 292958 4725991 10907847 687365 689111 36446 635489 79674 72035 0 0 0 0 153403 211882 192871 112281 29482 80590 2064850 4651831 0 353263 362283 279468 176798 0 8409942 17787866 307673 426760 102020 170894 643000 187398 546701 597091 1787355 X 4095907 7747875 3716944 8252636 7812851 16000511 8409942 17787866 8187660 X false true X true false X 1503109 7016501 5413663 5511225 41302810 60747308 0 0 1503109 7016501 5413663 5511225 41302810 60747308 8148825 52598483 1363 1608 2712 14857 4475 25015 0 12706 17482 30188 60802511 1267319 0.86510 0.74310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 33416819 33416819 1000000 250000 false 361981 1000000 1361981 2042972 16628 16628 90495 250000 340495 510743 26380 5014 21366 166491 107267 59224 80590 Lending Circle/Direct Lending Rec 362283 C Partner funds held 80901 PPP Loan 465800 546701 X 41604479 41604479 41604479 33416819 33416819 33416819 Part X : FIN48 Footnote The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of December 31, 2020 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed. X X X X X X true Christine Comella 5357 Hillen Dr Oakland CA 94619 Grant writing false 18000 18000 CA true 0 0 COVID-19 Rapid Response Grants 43101 27214500 Immigration Fee Matching and Other 373 93040 Grantmaker's Description of How Grants are Used In 2020, Mission Asset Fund responded to the unprecedented health and economic crisis created by the COVID-19 pandemic with a new emergency grant program. The organizations Rapid Response Fund provided unrestricted direct cash assistance to low wage workers, Californias 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. Immigration fee matching fund assistance payments are generally made payable directly to the Department of Homeland Security. 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 immigration fee matching fund assistance and other grants X X X X false false false false false false false false false Daniela Salas COO 165533 9695 28478 203706 Jose Quinonez CEO 181000 7804 29929 218733 Form 990, Part III, Line 2: New Services In 2020, 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 college students, and immigrant families left out of CARES Act relief. Form 990, Part VI, Line 11b: Form 990 Review Process The CEO and COO initially review the draft Form 990 and then all members of the Board review the Form 990 before it is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Employees, board members and volunteers update declaration of interest annually by signing MAF's Conflict of Interest Disclosure Statement. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Reviewed and approved by the board. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Reviewed by the CEO and COO. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, policies and financial statements are available upon request.