Civic Intelligence

Mission Asset Fund

990 • Fiscal year 2020 • EIN 20-8993652

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 24, 2021

Organization Profilemissionassetfund.org
3269 Mission StreetSan Francisco, CA 94110

(888) 274-4808

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.10x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$218,733

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

97th percentile

112%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

619%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$17,787,866

Up $9,377,924 (+112%) from 2019

Net Assets

Up

$16,000,511

Up $8,187,660 (+105%) from 2019

Liabilities

Up

$1,787,355

Up $1,190,264 (+199%) from 2019

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin77th percentile

Revenue

Up

$41,604,479

Up $35,817,569 (+619%) from 2019

Expenses

Up

$33,416,819

Up $29,177,191 (+688%) from 2019

Net Income

Up

$8,187,660

Up $6,640,378 (+429%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $1,167,294Liabilities 2010: $79,038Net Assets 2010: $1,088,2562010Assets 2011: $1,349,255Liabilities 2011: $58,930Net Assets 2011: $1,290,3252011Assets 2012: $1,390,856Liabilities 2012: $207,029Net Assets 2012: $1,183,8272012Assets 2013: $3,377,803Liabilities 2013: $380,387Net Assets 2013: $2,997,4162013Assets 2014: $2,793,468Liabilities 2014: $402,476Net Assets 2014: $2,390,9922014Assets 2015: $4,370,836Liabilities 2015: $542,903Net Assets 2015: $3,827,9332015Assets 2016: $3,627,611Liabilities 2016: $728,531Net Assets 2016: $2,899,0802016Assets 2017: $5,737,465Liabilities 2017: $680,883Net Assets 2017: $5,056,5822017Assets 2018: $6,982,429Liabilities 2018: $716,860Net Assets 2018: $6,265,5692018Assets 2019: $8,409,942Liabilities 2019: $597,091Net Assets 2019: $7,812,8512019Assets 2020: $17,787,866Liabilities 2020: $1,787,355Net Assets 2020: $16,000,5112020Assets 2021: $54,523,090Liabilities 2021: $3,043,791Net Assets 2021: $51,479,2992021Assets 2022: $43,085,680Liabilities 2022: $4,321,761Net Assets 2022: $38,763,9192022Assets 2023: $31,396,965Liabilities 2023: $3,633,682Net Assets 2023: $27,763,2832023Assets 2024: $26,969,177Liabilities 2024: $1,816,178Net Assets 2024: $25,152,9992024

Highlighted filing

2020

Assets$17,787,866
Liabilities$1,787,355
Net Assets$16,000,511
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2010: $495,788Expenses 2010: $600,220Net Income 2010: -$104,4322010Revenue 2011: $1,194,343Expenses 2011: $992,274Net Income 2011: $202,0692011Revenue 2012: $1,239,299Expenses 2012: $1,345,797Net Income 2012: -$106,4982012Revenue 2013: $3,424,628Expenses 2013: $1,611,039Net Income 2013: $1,813,5892013Revenue 2014: $1,512,367Expenses 2014: $2,118,791Net Income 2014: -$606,4242014Revenue 2015: $3,225,243Expenses 2015: $2,006,267Net Income 2015: $1,218,9762015Revenue 2016: $1,679,614Expenses 2016: $2,608,467Net Income 2016: -$928,8532016Revenue 2017: $7,394,427Expenses 2017: $5,236,925Net Income 2017: $2,157,5022017Revenue 2018: $5,680,938Expenses 2018: $4,471,951Net Income 2018: $1,208,9872018Revenue 2019: $5,786,910Expenses 2019: $4,239,628Net Income 2019: $1,547,2822019Revenue 2020: $41,604,479Expenses 2020: $33,416,819Net Income 2020: $8,187,6602020Revenue 2021: $57,826,731Expenses 2021: $21,709,114Net Income 2021: $36,117,6172021Revenue 2022: $9,021,043Expenses 2022: $20,000,045Net Income 2022: -$10,979,0022022Revenue 2023: $8,886,025Expenses 2023: $20,173,222Net Income 2023: -$11,287,1972023Revenue 2024: $9,705,660Expenses 2024: $12,709,815Net Income 2024: -$3,004,1552024

Highlighted filing

2020

Revenue$41,604,479
Expenses$33,416,819
Net Income$8,187,660
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 24, 2021
Return Version
2020v4.0
Gross Receipts
$41,604,479
Mission and Program Overview

Mission

To help people become visible, active, and successful in their financial lives.

Mission Asset Fund helps immigrants and low income individuals to improve their financial capabilities across the United States.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,725,991$10,907,847▲ $6,181,856
Investments in Publicly Traded Securities$2,064,850$4,651,831▲ $2,586,981
Savings and Temporary Cash Investments$687,365$689,111▲ $1,746
Pledges and Grants Receivable$36,446$635,489▲ $599,043
Investments Program Related$353,263$362,283▲ $9,020
Prepaid Expenses and Deferred Charges$153,403$211,882▲ $58,479
Intangible Assets$279,468$176,798▼ $102,670
Land, Buildings, and Equipment, Net$29,482$80,590▲ $51,108
Accounts Receivable$79,674$72,035▼ $7,639
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$8,409,942$17,787,866▲ $9,377,924
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$643,000-
Other Liabilities$187,398$546,701▲ $359,303
Accounts Payable and Accrued Expenses$307,673$426,760▲ $119,087
Deferred Revenue$102,020$170,894▲ $68,874
Total Liabilities$597,091$1,787,355▲ $1,190,264
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,716,944$8,252,636▲ $4,535,692
Net Assets Without Donor Restrictions$4,095,907$7,747,875▲ $3,651,968
Total Net Assets Fund Balance$7,812,851$16,000,511▲ $8,187,660
Total Liabilities and Net Assets / Fund Balance$8,409,942$17,787,866▲ $9,377,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,224$107,267$166,491
Leasehold Improvements$21,366$5,014$26,380
Investment Program Related Org$362,283--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jose QuinonezCEOFT$181,000$37,733$218,733
Daniela SalasCOOFT$165,533$38,173$203,706
Biniam HaileFinance DirectorFT$125,773$11,417$137,190
Elena FairleyProgram DirectorFT$116,477$14,122$130,599
Rachid GrimesTech Proj ManagerFT$111,274$12,878$124,152
Alexandra AltmanStrat Initiv MngrFT$110,236$12,631$122,867

Board Members and Trustees

NameTitle
David KrimmPresident
Aquilina Soriano VersozaBoard Member
Cara AngelmarBoard Member
Elizabeth SeemBoard Member
Gabriela SandovalBoard Member
Jessica LeggettBoard Member
Sagar ShahBoard Member
Salvador TorresBoard Member
Stephan WaldstromBoard Member
Manuel SantamariaSecretary
Haydee MorenoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Meginfo IncPlatform maintenance1630 Ridgetree Way, San Jose, CA 95131$331,773
Revenue and Support

Revenue Composition

Contributions and Grants
$41,302,810
Program Service Revenue
$214,688
Investment Income
$86,981
Other Revenue
$0
All Other Contributions
$36,867,551
Change in Net Assets
$8,187,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,604,479
Total Revenue per Audited Statements
$41,604,479
Total Revenue per Form 990
$41,604,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$27,307,540
Salaries, Compensation, and Employee Benefits$3,663,820
Other Expenses$2,427,459
Total Fundraising Expense$292,958
Professional Fundraising Fees$18,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$27,307,540--$27,307,540
Other Salaries and Wages$2,362,605$189,214$103,045$2,654,864
Fees for Services Other$771,832$9,579$11,432$792,843
Current Officers, Directors, Trustees, and Key Employees$240,273$105,610$76,556$422,439
Information Technology$395,122$6,227$3,397$404,746
Other Employee Benefits$215,552$10,090$11,289$236,931
Payroll Taxes$198,271$20,195$12,232$230,698
Depreciation Depletion$200,858$1,793$1,120$203,771
Occupancy$180,622$11,869$7,403$199,894
Office Expenses$153,473$13,977$9,825$177,275
Pension Plan Contributions$105,571$7,952$5,365$118,888
Travel$28,988$667$784$30,439
Fees for Services Accounting-$20,300-$20,300
Fees for Services Professional Fundraising--$18,000$18,000
Insurance$135$12,246$9$12,390
Interest$9,493--$9,493
Conferences and Meetings$8,710-$30$8,740
Other Expenses$4,611$326$32,455$4,937
Advertising$359$27$16$402
Total Functional Expenses$32,684,429$439,432$292,958$33,416,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,416,819
Total Expenses per Audited Statements$33,416,819
Total Expenses per Form 990$33,416,819
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$18,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$465,800
Partner funds held$80,901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Mission Asset Fund
EIN
20-8993652
Phone
8882744808
Address
3269 Mission Street, San Francisco, CA 94110

Signing Officer

Name
Jose Quinonez
Title
CEO
Signed
2021-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose Quinonez
Formed
2007
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
39
Volunteers
40

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Felix Gorrindo
Phone
5108352727
Supplemental Narrative

Additional Explanations

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.”

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 655 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0307673
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0426760
IRS990/AccountsReceivableGrp/BOYAmt079674
IRS990/AccountsReceivableGrp/EOYAmt072035
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Mission Asset Fund helps immigrants and low income individuals to improve their financial capabilities across the United States.
IRS990/AdvertisingGrp/FundraisingAmt016
IRS990/AdvertisingGrp/ManagementAndGeneralAmt027
IRS990/AdvertisingGrp/ProgramServicesAmt0359
IRS990/AdvertisingGrp/TotalAmt0402
IRS990/AllOtherContributionsAmt036867551
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Daniela Salas
IRS990/BooksInCareOfDetail/PhoneNum08882744808
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03269 Mission Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0San Francisco
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094110
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04725991
IRS990/CashNonInterestBearingGrp/EOYAmt010907847
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt076556
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0105610
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0240273
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0422439
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt030
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt08710
IRS990/ConferencesMeetingsGrp/TotalAmt08740
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0331773
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01630 Ridgetree Way
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0San Jose
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd095131
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Meginfo Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Platform maintenance
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt041302810
IRS990/CYGrantsAndSimilarPaidAmt027307540
IRS990/CYInvestmentIncomeAmt086981
IRS990/CYOtherExpensesAmt02427459
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0214688
IRS990/CYRevenuesLessExpensesAmt08187660
IRS990/CYSalariesCompEmpBnftPaidAmt03663820
IRS990/CYTotalExpensesAmt033416819
IRS990/CYTotalFundraisingExpenseAmt0292958
IRS990/CYTotalProfFndrsngExpnsAmt018000
IRS990/CYTotalRevenueAmt041604479
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0102020
IRS990/DeferredRevenueGrp/EOYAmt0170894
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt01120
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01793
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0200858
IRS990/DepreciationDepletionGrp/TotalAmt0203771
IRS990/Desc0COVID-19 pandemic emergency grant program
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03716944
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt08252636
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt039
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt030516419
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020300
IRS990/FeesForServicesAccountingGrp/TotalAmt020300
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt011432
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09579
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0771832
IRS990/FeesForServicesOtherGrp/TotalAmt0792843
IRS990/FeesForServicesProfFundraising/FundraisingAmt018000
IRS990/FeesForServicesProfFundraising/TotalAmt018000
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt037733
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt138173
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt211417
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt314122
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt412878
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt512631
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Jose Quinonez
IRS990/Form990PartVIISectionAGrp/PersonNm1Daniela Salas
IRS990/Form990PartVIISectionAGrp/PersonNm2Biniam Haile
IRS990/Form990PartVIISectionAGrp/PersonNm3Elena Fairley
IRS990/Form990PartVIISectionAGrp/PersonNm4Rachid Grimes
IRS990/Form990PartVIISectionAGrp/PersonNm5Alexandra Altman
IRS990/Form990PartVIISectionAGrp/PersonNm6David Krimm
IRS990/Form990PartVIISectionAGrp/PersonNm7Manuel Santamaria
IRS990/Form990PartVIISectionAGrp/PersonNm8Haydee Moreno
IRS990/Form990PartVIISectionAGrp/PersonNm9Cara Angelmar
IRS990/Form990PartVIISectionAGrp/PersonNm10Jessica Leggett
IRS990/Form990PartVIISectionAGrp/PersonNm11Gabriela Sandoval
IRS990/Form990PartVIISectionAGrp/PersonNm12Elizabeth Seem
IRS990/Form990PartVIISectionAGrp/PersonNm13Sagar Shah
IRS990/Form990PartVIISectionAGrp/PersonNm14Salvador Torres
IRS990/Form990PartVIISectionAGrp/PersonNm15Aquilina Soriano Versoza
IRS990/Form990PartVIISectionAGrp/PersonNm16Stephan Waldstrom
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0181000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1165533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2125773
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3116477
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4111274
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5110236
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Finance Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Tech Proj Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt5Strat Initiv Mngr
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt04435259
IRS990/GrantAmt027217636
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt027307540
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt027307540
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt041604479
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03397
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06227
IRS990/InformationTechnologyGrp/ProgramServicesAmt0395122
IRS990/InformationTechnologyGrp/TotalAmt0404746
IRS990/InsuranceGrp/FundraisingAmt09
IRS990/InsuranceGrp/ManagementAndGeneralAmt012246
IRS990/InsuranceGrp/ProgramServicesAmt0135
IRS990/InsuranceGrp/TotalAmt012390
IRS990/IntangibleAssetsGrp/BOYAmt0279468
IRS990/IntangibleAssetsGrp/EOYAmt0176798
IRS990/InterestGrp/ProgramServicesAmt09493
IRS990/InterestGrp/TotalAmt09493
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt086981
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt086981
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0353263
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0362283
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02064850
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04651831
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0112281
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029482
IRS990/LandBldgEquipBasisNetGrp/EOYAmt080590
IRS990/LandBldgEquipCostOrOtherBssAmt0192871
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Helps individuals and low income family members to improve their financial capabilities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07812851
IRS990/NetAssetsOrFundBalancesEOYAmt016000511
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04095907
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07747875
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt07403
IRS990/OccupancyGrp/ManagementAndGeneralAmt011869
IRS990/OccupancyGrp/ProgramServicesAmt0180622
IRS990/OccupancyGrp/TotalAmt0199894
IRS990/OfficeExpensesGrp/FundraisingAmt09825
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013977
IRS990/OfficeExpensesGrp/ProgramServicesAmt0153473
IRS990/OfficeExpensesGrp/TotalAmt0177275
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011289
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010090
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0215552
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0236931
IRS990/OtherExpensesGrp/Desc0Software license fees
IRS990/OtherExpensesGrp/Desc1Dues, license & service fees
IRS990/OtherExpensesGrp/Desc2Write offs & other
IRS990/OtherExpensesGrp/FundraisingAmt032455
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029360
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1326
IRS990/OtherExpensesGrp/ProgramServicesAmt0486147
IRS990/OtherExpensesGrp/ProgramServicesAmt114267
IRS990/OtherExpensesGrp/ProgramServicesAmt24611
IRS990/OtherExpensesGrp/TotalAmt0486147
IRS990/OtherExpensesGrp/TotalAmt176082
IRS990/OtherExpensesGrp/TotalAmt24937
IRS990/OtherLiabilitiesGrp/BOYAmt0187398
IRS990/OtherLiabilitiesGrp/EOYAmt0546701
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0103045
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0189214
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02362605
IRS990/OtherSalariesAndWagesGrp/TotalAmt02654864
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt012232
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020195
IRS990/PayrollTaxesGrp/ProgramServicesAmt0198271
IRS990/PayrollTaxesGrp/TotalAmt0230698
IRS990/PensionPlanContributionsGrp/FundraisingAmt05365
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07952
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0105571
IRS990/PensionPlanContributionsGrp/TotalAmt0118888
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt036446
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0635489
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0153403
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0211882
IRS990/PrincipalOfficerNm0Jose Quinonez
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Conf seminar & other
IRS990/ProgramServiceRevenueGrp/Desc1Prgm srvce & license fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032016
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1182672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1182672
IRS990/ProgSrvcAccomActy2Grp/Desc0R&D and Tech innovation work
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01475176
IRS990/ProgSrvcAccomActy3Grp/Desc0Immigration loan and fee assistance, Lending Circles, small business & financial coaching programs
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0692834
IRS990/ProgSrvcAccomActy3Grp/GrantAmt089904
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0214688
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05511225
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0149455
IRS990/PYInvestmentIncomeAmt08889
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01493744
IRS990/PYProgramServiceRevenueAmt0266796
IRS990/PYRevenuesLessExpensesAmt01547282
IRS990/PYSalariesCompEmpBnftPaidAmt02567329

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,787,866
Liabilities
$1,787,355
Net assets
$16,000,511
Revenue
$41,604,479
Expenses
$33,416,819
Net income
$8,187,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.0$1.82$25.2$9.71$12.7$3.00
2023Detailed filing. Detailed filing data is available for this year.$31.4$3.63$27.8$8.89$20.2$11.3
2022Detailed filing. Detailed filing data is available for this year.$43.1$4.32$38.8$9.02$20.0$11.0
2021Detailed filing. Detailed filing data is available for this year.$54.5$3.04$51.5$57.8$21.7$36.1
2020Detailed filing. Detailed filing data is available for this year.$17.8$1.79$16.0$41.6$33.4$8.19
2019Detailed filing. Detailed filing data is available for this year.$8.41$0.60$7.81$5.79$4.24$1.55
2018Detailed filing. Detailed filing data is available for this year.$6.98$0.72$6.27$5.68$4.47$1.21
2017Detailed filing. Detailed filing data is available for this year.$5.74$0.68$5.06$7.39$5.24$2.16
2016Detailed filing. Detailed filing data is available for this year.$3.63$0.73$2.90$1.68$2.61$0.93
2015Detailed filing. Detailed filing data is available for this year.$4.37$0.54$3.83$3.23$2.01$1.22
2014Summary only. Only limited summary data is available for this year.$2.79$0.40$2.39$1.51$2.12$0.61
2013Summary only. Only limited summary data is available for this year.$3.38$0.38$3.00$3.42$1.61$1.81
2012Summary only. Only limited summary data is available for this year.$1.39$0.21$1.18$1.24$1.35$0.11
2011Summary only. Only limited summary data is available for this year.$1.35$0.06$1.29$1.19$0.99$0.20
2010Summary only. Only limited summary data is available for this year.$1.17$0.08$1.09$0.50$0.60$0.10