MISSION ASSET FUND: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MISSION ASSET FUND (EIN 20-8993652)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-08-14
- IRS object ID
- 202542269349301889
- Schema version
- 2024v5.2
- 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 | 2025-08-14T12:25:30-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | 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 | 2024-01-01 | 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 | 2025-08-12 | 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 | 2025-08-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $37,391,410 | 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 | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 43 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,448,470 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,472,081 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $270,752 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $273,393 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,166,803 | PYInvestmentIncomeAmt |
| CY Investment Income | $954,994 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $5,192 | CYOtherRevenueAmt |
| PY Total Revenue | $8,886,025 | PYTotalRevenueAmt |
| CY Total Revenue | $9,705,660 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,442,696 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,390,073 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,629,843 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,149,172 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $494,234 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,100,683 | PYOtherExpensesAmt |
| CY Other Expenses | $3,170,570 | CYOtherExpensesAmt |
| PY Total Expenses | $20,173,222 | PYTotalExpensesAmt |
| CY Total Expenses | $12,709,815 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$11,287,197 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,004,155 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $31,396,965 | TotalAssetsBOYAmt |
| Total Assets EOY | $26,969,177 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,633,682 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,816,178 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $27,763,283 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $25,152,999 | 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 | $3,084,483 | ExpenseAmt |
| Grant | $3,213,573 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | RECOVERY PROGRAM - THE ORGANIZATION LAUNCHED AN UNPARALLELED INITIATIVE SUPPORTING THE FINANCIAL RECOVERY OF IMMIGRANT FAMILIES EXCLUDED FROM FEDERAL COVID-19 RELIEF. TO SUPPORT LONG-TERM FINANCIAL RECOVERY, THE ORGANIZATION LAUNCHED THE IMMIGRANT FAMILIES RECOVERY PROGRAM--A $30 MILLION INITIATIVE PROVIDING GUARANTEED MONTHLY INCOME OF $400 FOR UP TO 24 MONTHS TO 3,000 IMMIGRANT FAMILIES. DESIGNED TO HELP FAMILIES STABILIZE AND REBUILD, THE PROGRAM GOES BEYOND CASH SUPPORT BY INCLUDING ACCESS TO CREDIT-BUILDING PRODUCTS, FINANCIAL EDUCATION, ONE-ON-ONE FINANCIAL COACHING, AND SELF-ADVOCACY TRAINING. THIS HOLISTIC APPROACH ENSURES PARTICIPANTS HAVE THE TOOLS AND RESOURCES TO RECOVER AND THRIVE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,838,488 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | BUSINESS MICROLOANS - BUILDING ON THE LENDING CIRCLES MODEL, THE ORGANIZATION LAUNCHED A BUSINESS MICROLOAN PROGRAM IN 2012 TO PROVIDE ZERO-INTEREST, CREDIT-BUILDING CAPITAL TO ENTREPRENEURS AND MICROBUSINESS OWNERS IN THE BAY AREA. ORIGINALLY DESIGNED FOR LENDING CIRCLES GRADUATES, THE PROGRAM HAS EVOLVED TO SERVE ASPIRING AND EXISTING ENTREPRENEURS ACROSS CALIFORNIA, REGARDLESS OF PRIOR PARTICIPATION. THROUGH BUSINESS-SPECIFIC TECHNICAL ASSISTANCE, FINANCIAL COACHING, AND LOANS OF UP TO $2,500, PARTICIPANTS RECEIVE THE TOOLS AND RESOURCES NEEDED TO INVEST IN AND GROW THEIR BUSINESSES. PROGRAM SERVICES ARE ALSO OFFERED THROUGH MYMAF, THE ORGANIZATION'S MOBILE APP, WHICH PROVIDES DIGITAL ACCESS TO FINANCIAL EDUCATION AND COACHING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,243,144 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | IMMIGRATION LOANS - IN 2017, THE ORGANIZATION EXPANDED ITS PROGRAM OFFERINGS TO INCLUDE A ZERO-INTEREST IMMIGRATION LOAN PROGRAM AND SCHOLARSHIPS TO HELP INDIVIDUALS COVER THE COST OF KEY IMMIGRATION PROCESSES, SUCH AS CITIZENSHIP, DACA, AND GREEN CARD APPLICATIONS. TO MEET THE EVOLVING NEEDS OF IMMIGRANT COMMUNITIES, THE PROGRAM NOW OFFERS A SLIDING SCALE OF CREDIT-BUILDING LOANS, AS WELL AS PARTIAL AND FULL GRANTS TO COVER FEES FOR SEVEN USCIS APPLICATION TYPES. LOAN FLEXIBILITY AND SUPPORT SERVICES ARE CORE TO ENSURING PARTICIPANTS CAN PURSUE IMMIGRATION RELIEF WITHOUT SACRIFICING FINANCIAL STABILITY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,957,813 | ExpenseAmt |
| Grant | $176,500 | GrantAmt |
| Revenue | $273,393 | RevenueAmt |
| Desc | LENDING CIRCLES - LAUNCHED IN 2008, THE LENDING CIRCLES SOCIAL LOAN PROGRAM IS ROOTED IN THE GLOBAL TRADITION OF GROUP LENDING AND DESIGNED TO HELP LOW-INCOME FAMILIES BUILD CREDIT, REDUCE DEBT, AND STRENGTHEN THEIR FINANCIAL SECURITY. DELIVERED IN PARTNERSHIP WITH A NATIONWIDE NETWORK OF NONPROFIT ORGANIZATIONS, THE PROGRAM OPERATES BOTH THROUGH DIRECT SERVICES IN CALIFORNIA AND ACROSS THE U.S. LENDING CIRCLES ARE PAIRED WITH TIMELY, ACTIONABLE, AND CULTURALLY RELEVANT FINANCIAL EDUCATION. RECOGNIZED FOR ITS INNOVATION AND IMPACT, THE PROGRAM HAS HELPED THOUSANDS OF PARTICIPANTS ACCESS SAFE, AFFORDABLE CAPITAL AND SUCCESSFULLY INTEGRATE INTO THE U.S. FINANCIAL SYSTEM.EMERGENCY GRANTS - THE ORGANIZATION CREATED A NATIONAL FINANCIAL RELIEF INITIATIVE TO PROVIDE DIRECT CASH ASSISTANCE TO LOW-WAGE WORKERS, CALIFORNIA PUBLIC COLLEGE STUDENTS, AND IMMIGRANT FAMILIES EXCLUDED FROM TRADITIONAL SAFETY NETS. RATHER THAN RELYING ON FIRST-COME, FIRST-SERVED OR LOTTERY SYSTEMS, THE ORGANIZATION DEVELOPED A FINANCIAL EQUITY FRAMEWORK TO EQUITABLY DISTRIBUTE RESOURCES TO THOSE FACING THE GREATEST HARDSHIP. OVER AN 18-MONTH PERIOD, MORE THAN 65,000 GRANTS TOTALING $40 MILLION WERE DISBURSED. IN ADDITION, THE ORGANIZATION LAUNCHED RESOURCES FINDER, AN ONLINE TOOL THAT HELPS INDIVIDUALS IDENTIFY AND ACCESS RELEVANT FINANCIAL SUPPORT AND SERVICES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,957,813 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $176,500 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $273,393 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $11,123,928 | 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 | Yes (1) | 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 | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 43 | 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | Key EmployeeKeyEmployeeInd | 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 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JESSICA LEGGETT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ASH MCNEELY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANNA STUHLDREHER | ||||||||
| BOARD MEMBER | 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) | $346,853 | $0 | $51,348 | |||
| DANIELA SALAS | ||||||||
| CO-FOUNDER & COO | 40.00 | Yes (X) | $320,721 | $0 | $56,240 | |||
| MACKENZIE GARCIA-FAZENBAKER | ||||||||
| FINANCE & COMPLIANCE DIRECTOR | 40.00 | Yes (X) | $142,268 | $0 | $35,608 | |||
| JOANNA CORTEZ HERNANDEZ | ||||||||
| CHIEF INNOVATIONS OFFICER | 40.00 | $209,230 | $0 | $24,166 | Yes (X) | |||
| HELENA SANCHEZ-SILVA GARIJO | ||||||||
| PROGRAMS DIRECTOR | 40.00 | $166,142 | $0 | $21,931 | Yes (X) | |||
| DORIS VASQUEZ CLAVEL | ||||||||
| PROGRAMS MANAGER | 40.00 | $150,138 | $0 | $30,348 | Yes (X) | |||
| ARVIND BALA | ||||||||
| R&D DIRECTOR | 40.00 | $157,412 | $0 | $19,575 | Yes (X) | |||
| EFRAIN SEGUNDO | ||||||||
| PARTNERSHIPS DIRECTOR | 40.00 | $146,590 | $0 | $21,026 | Yes (X) | |||
| JENNIFER BROOKS | ||||||||
| FOUNDER & CEO - THE NURTURE BUSINESS | 40.00 | $153,883 | $0 | $7,869 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,793,237 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $268,111 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | 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 | $426,694 |
| DREAMSLABSCA LLC | |||||
| 20371 RUNNING SPRINGS LANE | HUNTINGTON BEACH | CA | 92646 | APPLICATION DEVELOPMENT SERVICES | $112,188 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,885,771 | GovernmentGrantsAmt |
| All Other Contributions | $6,586,310 | AllOtherContributionsAmt |
| Total Contributions | $8,472,081 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM SERVICE & LICENSE FEES | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $273,393 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $273,393 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $273,393 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $803,874 | TotalRevenueColumnAmt |
| Exclusion | $803,874 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,836,870 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,685,750 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $151,120 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $151,120 | TotalRevenueColumnAmt |
| Exclusion | $151,120 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $5,192 | TotalRevenueColumnAmt |
| Exclusion | $5,192 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,192 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,705,660 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $273,393 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $960,186 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,390,073 | TotalAmt |
| Program Services | $3,390,073 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,186,434 | TotalAmt |
| Program Services | $698,493 | ProgramServicesAmt |
| Management And General | $410,425 | ManagementAndGeneralAmt |
| Fundraising | $77,516 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,752 | TotalAmt |
| Program Services | $161,752 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,766,952 | TotalAmt |
| Program Services | $3,431,608 | ProgramServicesAmt |
| Management And General | $70,005 | ManagementAndGeneralAmt |
| Fundraising | $265,339 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,950 | TotalAmt |
| Program Services | $157,081 | ProgramServicesAmt |
| Management And General | $703 | ManagementAndGeneralAmt |
| Fundraising | $9,166 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $491,145 | TotalAmt |
| Program Services | $438,506 | ProgramServicesAmt |
| Management And General | $13,333 | ManagementAndGeneralAmt |
| Fundraising | $39,306 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $375,939 | TotalAmt |
| Program Services | $323,703 | ProgramServicesAmt |
| Management And General | $30,141 | ManagementAndGeneralAmt |
| Fundraising | $22,095 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,355 | TotalAmt |
| Management And General | $24,355 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,899 | TotalAmt |
| Management And General | $98,899 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,239 | TotalAmt |
| Management And General | $46,239 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,961 | TotalAmt |
| Program Services | $360,477 | ProgramServicesAmt |
| Management And General | $128,043 | ManagementAndGeneralAmt |
| Fundraising | $26,441 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164 | TotalAmt |
| Program Services | $157 | ProgramServicesAmt |
| Management And General | $4 | ManagementAndGeneralAmt |
| Fundraising | $3 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,580 | TotalAmt |
| Program Services | $158,281 | ProgramServicesAmt |
| Management And General | $16,524 | ManagementAndGeneralAmt |
| Fundraising | $11,775 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $429,619 | TotalAmt |
| Program Services | $429,619 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,288 | TotalAmt |
| Program Services | $188,545 | ProgramServicesAmt |
| Management And General | $13,278 | ManagementAndGeneralAmt |
| Fundraising | $10,465 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,267 | TotalAmt |
| Program Services | $62,905 | ProgramServicesAmt |
| Management And General | $19,161 | ManagementAndGeneralAmt |
| Fundraising | $9,201 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,029 | TotalAmt |
| Program Services | $14,029 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,695 | TotalAmt |
| Program Services | $1,274 | ProgramServicesAmt |
| Management And General | $166,421 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,578 | TotalAmt |
| Program Services | $175,850 | ProgramServicesAmt |
| Management And General | $2,085 | ManagementAndGeneralAmt |
| Fundraising | $1,643 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,097 | TotalAmt |
| Program Services | $7,925 | ProgramServicesAmt |
| Management And General | $24,678 | ManagementAndGeneralAmt |
| Fundraising | $494 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES, LICENSES, & FEES | $746,414 | $699,913 | $26,714 | $19,787 |
| PROV FOR CEDIT LOSSES | $315,425 | $315,425 | ||
| SURVEY INCENTIVES | $107,985 | $107,745 | $212 | $28 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,975 | TotalAmt |
| Program Services | $567 | ProgramServicesAmt |
| Management And General | $433 | ManagementAndGeneralAmt |
| Fundraising | $975 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,709,815 | TotalAmt |
| Program Services | $11,123,928 | ProgramServicesAmt |
| Management And General | $1,091,653 | ManagementAndGeneralAmt |
| Fundraising | $494,234 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,925,474 | BOYAmt |
| EOY | $1,651,231 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,476,267 | BOYAmt |
| EOY | $2,326,441 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $542,287 | BOYAmt |
| EOY | $1,103,407 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,758 | BOYAmt |
| EOY | $159,249 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,748 | BOYAmt |
| EOY | $180,331 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $242,092 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $228,853 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,963 | BOYAmt |
| EOY | $13,239 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,516,528 | BOYAmt |
| EOY | $20,293,448 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,885 | BOYAmt |
| EOY | $934,226 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,490 | BOYAmt |
| EOY | $129,748 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $319,565 | BOYAmt |
| EOY | $177,857 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,396,965 | BOYAmt |
| EOY | $26,969,177 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $515,483 | BOYAmt |
| EOY | $550,969 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $318,200 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,118,055 | BOYAmt |
| EOY | $514,773 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,937 | BOYAmt |
| EOY | $274,277 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,207 | BOYAmt |
| EOY | $157,959 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,633,682 | BOYAmt |
| EOY | $1,816,178 | 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 | $22,842,719 | BOYAmt |
| EOY | $22,002,198 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,920,564 | BOYAmt |
| EOY | $3,150,801 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,763,283 | BOYAmt |
| EOY | $25,152,999 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,396,965 | BOYAmt |
| EOY | $26,969,177 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,004,155 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $393,871 | NetUnrlzdGainsLossesInvstAmt |
| 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 | $41,302,810 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $57,174,476 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,517,022 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,448,470 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,472,081 | CurrentTaxYearAmt |
| Total | $121,914,859 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $41,302,810 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $57,174,476 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,517,022 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,448,470 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,472,081 | CurrentTaxYearAmt |
| Total | $121,914,859 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,566,974 | SubstantialContributorsTotAmt |
| Public Support Total170 | $116,347,885 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $86,981 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $467,639 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,294,917 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,164,821 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $803,874 | CurrentTaxYearAmt |
| Total | $3,818,232 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $5,603 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $5,192 | CurrentTaxYearAmt |
| Total | $10,795 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $125,743,886 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,194,206 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92530 | PublicSupportCY170Pct |
| Public Support PY170 | 0.93270 | 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 - 2021 AMOUNT: $ 5,603. 2024 AMOUNT: $ 5,192. | 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 | $12,663,576 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $12,663,576 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $783,179 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $195,795 | 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 | $783,179 | CurrentYearAmt |
| Total | $3,783,179 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,674,769 | 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 | $195,795 | CurrentYearAmt |
| Total | $945,795 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,418,693 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,380 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,185 | DepreciationAmt |
| Book Value | $3,195 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $115,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $106,938 | DepreciationAmt |
| Book Value | $8,393 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,381 | OtherCostOrOtherBasisAmt |
| Depreciation | $90,730 | DepreciationAmt |
| Book Value | $1,651 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,239 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITIES | Desc |
| Amt | $157,959 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $157,959 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,053,292 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $393,871 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $393,871 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,659,421 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $46,239 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $46,239 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,705,660 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,663,576 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,663,576 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $46,239 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $46,239 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,709,815 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | PARTNER LOAN LOSS RESERVE FUNDS - THE ORGANIZATION PARTNERS WITH OTHER NONPROFIT ENTITIES TO OPERATE PEER LENDING CIRCLES. AS A PART OF THOSE PARTNERSHIPS, THE ORGANIZATION MAY REQUIRE PARTNERS TO MAINTAIN A LOAN LOSS RESERVE FUND TO COVER POTENTIAL LENDING CIRCLES DELINQUENCIES, FEES, AND DEFAULTS BY LENDING CIRCLES PARTICIPANTS. IF THE PARTNERSHIP AGREEMENT IS TERMINATED OR THE FUNDS ARE NOT USED FOR THE INTENDED PURPOSES, THE ORGANIZATION IS REQUIRED TO RETURN FUNDS. PARTNER MATCH AND REVOLVING LOAN FUNDS - IN ADDITION, PARTNER REVOLVING LOAN FUNDS ARE PROVIDED BY PARTNER ORGANIZATIONS FOR USE IN LENDING TO PARTNER LOAN PROGRAM PARTICIPANTS. THE USE OF THESE FUNDS IS GOVERNED BY TERMS OUTLINED IN A MEMORANDUM OF UNDERSTANDING WITH SUCH PARTNERS. IN ADDITION, THE ORGANIZATION HOLDS PARTNER MATCH FUNDS WHICH MAY BE USED TO SUPPLEMENT LOANS MADE TO PROGRAM PARTICIPANTS. IF THE PARTNERSHIP AGREEMENT IS TERMINATED OR THE FUNDS ARE NOT USED FOR THE INTENDED PURPOSES, THE ORGANIZATION IS REQUIRED TO RETURN FUNDS. THE ORGANIZATION ALSO PROVIDES PARTICIPANTS IN ITS PROGRAMS VARIOUS CREDIT-BUILDING VEHICLES INCLUDING CREDIT-BUILDING LOANS AND CAPITAL AS WELL AS ACCESS TO CREDIT-BUILDING PRODUCTS, FINANCIAL EDUCATION, AND ONE-ON-ONE FINANCIAL COACHING. |
| PART X, LINE 2: | 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, 2024 AND 2023, AND IS NOT AWARE OF ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. |
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 | 1926 | RecipientCnt |
| Cash Grant | $3,390,073 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN 2024, 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 (9 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 | $346,853 | $0 | $0 | $0 | $0 | $0 | $9,661 | $0 | $41,687 | $0 | $398,201 | $0 | $0 | $0 |
| DANIELA SALAS | ||||||||||||||
| CO-FOUNDER & COO | $320,721 | $0 | $0 | $0 | $0 | $0 | $17,854 | $0 | $38,386 | $0 | $376,961 | $0 | $0 | $0 |
| JOANNA CORTEZ HERNANDEZ | ||||||||||||||
| CHIEF INNOVATIONS OFFICER | $209,230 | $0 | $0 | $0 | $0 | $0 | $12,554 | $0 | $11,612 | $0 | $233,396 | $0 | $0 | $0 |
| HELENA SANCHEZ-SILVA GARIJO | ||||||||||||||
| PROGRAMS DIRECTOR | $166,142 | $0 | $0 | $0 | $0 | $0 | $9,969 | $0 | $11,962 | $0 | $188,073 | $0 | $0 | $0 |
| DORIS VASQUEZ CLAVEL | ||||||||||||||
| PROGRAMS MANAGER | $150,138 | $0 | $0 | $0 | $0 | $0 | $7,507 | $0 | $22,841 | $0 | $180,486 | $0 | $0 | $0 |
| MACKENZIE GARCIA-FAZENBAKER | ||||||||||||||
| FINANCE & COMPLIANCE DIRECTOR | $142,268 | $0 | $0 | $0 | $0 | $0 | $6,929 | $0 | $28,679 | $0 | $177,876 | $0 | $0 | $0 |
| ARVIND BALA | ||||||||||||||
| R&D DIRECTOR | $157,412 | $0 | $0 | $0 | $0 | $0 | $7,881 | $0 | $11,694 | $0 | $176,987 | $0 | $0 | $0 |
| EFRAIN SEGUNDO | ||||||||||||||
| PARTNERSHIPS DIRECTOR | $146,590 | $0 | $0 | $0 | $0 | $0 | $8,533 | $0 | $12,493 | $0 | $167,616 | $0 | $0 | $0 |
| JENNIFER BROOKS | ||||||||||||||
| FOUNDER & CEO - THE NURTURE BUSINESS | $153,883 | $0 | $0 | $0 | $0 | $0 | $7,320 | $0 | $549 | $0 | $161,752 | $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 | $161,752 | TransactionAmt |
| Transaction | EMPLOYEE COMPENSATION AS PER FISCAL SPONSORSHIP AGREEMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | JENNIFER BROOKS, WHO IS THE SPOUSE OF CEO JOSE QUINONEZ, CURRENTLY SERVES AS THE CEO OF NURTURE, A FISCALLY-SPONSORED PROJECT OF MISSION ASSET FUND. UNDER THE FISCAL-SPONSOR ARRANGEMENT, NURTURE RAISES ITS OWN FUNDS, AND ALL FINANCIAL REPORTING OBLIGATIONS (INCLUDING FORM W-2 REPORTING FOR NURTURE) FALL UNDER THE RESPONSIBILITY OF MISSION ASSET FUND. THE COMPENSATION FOR SERVICES REPORTED IN SCHEDULE L, PART IV RELATES SOLELY AS COMPENSATION FOR HER ROLE AS NURTURE'S CEO. | ExplanationTxt |
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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