Civic Intelligence

Vida Valiente Foundation

990 • Fiscal year 2023 • EIN 85-2650889

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

16 Calle AmenoSan Clemente, CA 92672

(212) 751-9100

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.43x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-47%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,618,244

Up $309,896 (+24%) from 2022

Net Assets

Down

$1,180,998

Down $126,706 (-9.7%) from 2022

Liabilities

Up

$437,246

Up $436,602 (+67795%) from 2022

Revenue

Down

$305,251

Down $275,486 (-47%) from 2022

Expenses

Up

$431,957

Up $248,526 (+135%) from 2022

Net Income

Down

-$126,706

Down $524,012 (-132%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $910,398Liabilities 2021: $0Net Assets 2021: $910,3982021Assets 2022: $1,308,348Liabilities 2022: $644Net Assets 2022: $1,307,7042022Assets 2023: $1,618,244Liabilities 2023: $437,246Net Assets 2023: $1,180,9982023Assets 2024: $2,245,219Liabilities 2024: $772,211Net Assets 2024: $1,473,0082024

Highlighted filing

2023

Assets$1,618,244
Liabilities$437,246
Net Assets$1,180,998

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $912,478Expenses 2021: $2,080Net Income 2021: $910,3982021Revenue 2022: $580,737Expenses 2022: $183,431Net Income 2022: $397,3062022Revenue 2023: $305,251Expenses 2023: $431,957Net Income 2023: -$126,7062023Revenue 2024: $1,036,386Expenses 2024: $744,376Net Income 2024: $292,0102024

Highlighted filing

2023

Revenue$305,251
Expenses$431,957
Net Income-$126,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$305,251
Mission and Program Overview

Mission

Vida valiente is all about perseverance, resilience, and the bravery it takes to be the first to dive into uncharted territory. The vida valiente foundation supports first-generation students who have worked hard to get themselves through school, but who could benefit from leadership from role models who grew up in similar low-income backgrounds. The foundation pledges to support 25 students a year, for the entire four years of their academic journey. The scholars the foundation supports have a great deal to overcome. 90% of first generation low income students in the united states take over 6 years to graduate. 33% drop out after three years. Between courses, jobs, a lack of leadership, and the sheer overwhelmingness of leaving home for the first time, it is a wonder even 10% of these kids make it.the vida valiente foundation is equipped to give these students the confidence, grace and skills to convert their proven work ethic into their own success stories.

The mission of vida valiente foundation is to support first-generation students who have worked hard to get themselves through school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$700,000▲ $700,000
Cash and Non-Interest-Bearing Accounts$1,285,215$378,044▼ $907,171
Prepaid Expenses and Deferred Charges$0$305,662▲ $305,662
Pledges and Grants Receivable$18,000$224,186▲ $206,186
Land, Buildings, and Equipment, Net$5,133$3,733▼ $1,400
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,308,348$1,618,244▲ $309,896
Other Assets Total$0$6,619▲ $6,619
Liabilities
Deferred Revenue$0$437,000▲ $437,000
Accounts Payable and Accrued Expenses$644$246▼ $398
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$644$437,246▲ $436,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,307,704$1,180,998▼ $126,706
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,307,704$1,180,998▼ $126,706
Total Liabilities and Net Assets / Fund Balance$1,308,348$1,618,244▲ $309,896

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,733$3,267$7,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$261,867
Program Service Revenue
$0
Investment Income
$43,384
Other Revenue
$0
All Other Contributions
$261,867
Change in Net Assets
$-126,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$360,000
Other Expenses$71,957
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$360,000--$360,000
Other Expenses$28,000$16,304-$28,000
Fees for Services Other-$14,420-$14,420
Fees for Services Accounting-$10,131-$10,131
Depreciation Depletion$1,400--$1,400
Insurance$827--$827
Office Expenses-$75-$75
Total Functional Expenses$390,227$41,730$0$431,957
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Stanford Universityredwood city, CA501(c)(3)Education, Leadership, and Scholarships.$360,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Susana drumwright and hayes drumwright have a family relationship.

Form 990, Part VI, Section A, Line 8A

The organization did not contemporaneously document meetings held by the governing body.

Form 990, Part VI, Section A, Line 8B

The organization did not contemporaneously document meetings held by the committee.

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to all members of its governing body prior to filing.

Form 990, Part VI, Section C, Line 18

The organization's form 1023 and form 990 is available to the public upon request.

Form 990, Part VI, Section C, Line 19

The governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Vida Valiente Foundation
EIN
85-2650889
In Care Of
% GINA CARTE
Phone
2127519100
Address
16 CALLE AMENO, SAN CLEMENTE, CA 92672

Signing Officer

Name
Hayes Drumwright
Title
Director
Phone
2127519100
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hayes Drumwright
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Israel Tannenbaum CPA
Phone
2127519100
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IRS990/MissionDesc0VIDA VALIENTE IS ALL ABOUT PERSEVERANCE, RESILIENCE, AND THE BRAVERY IT TAKES TO BE THE FIRST TO DIVE INTO UNCHARTED TERRITORY. THE VIDA VALIENTE FOUNDATION SUPPORTS FIRST-GENERATION STUDENTS WHO HAVE WORKED HARD TO GET THEMSELVES THROUGH SCHOOL, BUT WHO COULD BENEFIT FROM LEADERSHIP FROM ROLE MODELS WHO GREW UP IN SIMILAR LOW-INCOME BACKGROUNDS. THE FOUNDATION PLEDGES TO SUPPORT 25 STUDENTS A YEAR, FOR THE ENTIRE FOUR YEARS OF THEIR ACADEMIC JOURNEY. THE SCHOLARS THE FOUNDATION SUPPORTS HAVE A GREAT DEAL TO OVERCOME. 90% OF FIRST GENERATION LOW INCOME STUDENTS IN THE UNITED STATES TAKE OVER 6 YEARS TO GRADUATE. 33% DROP OUT AFTER THREE YEARS. BETWEEN COURSES, JOBS, A LACK OF LEADERSHIP, AND THE SHEER OVERWHELMINGNESS OF LEAVING HOME FOR THE FIRST TIME, IT IS A WONDER EVEN 10% OF THESE KIDS MAKE IT. THE VIDA VALIENTE FOUNDATION IS EQUIPPED TO GIVE THESE STUDENTS THE CONFIDENCE, GRACE AND SKILLS TO CONVERT THEIR PROVEN WORK ETHIC INTO THEIR OWN SUCCESS STORIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT CONTEMPORANEOUSLY DOCUMENT MEETINGS HELD BY THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 1023 AND FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
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