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Nonprofiteer
← CORAZON DE VIDA FOUNDATION

Form 990 for tax year 2023

Filed by CORAZON DE VIDA FOUNDATION.

Totals

Total revenue
$1,890,650
Total expenses
$1,917,769
Contributions and grants received
$1,836,720
Grants paid
$0
Program service revenue
$18,862
Investment income
$26,586
Other revenue
$8,482
Total assets, end of year
$2,879,772
Total liabilities, end of year
$11,474
Net assets or fund balances, end of year
$2,868,298
Program services expenses (Part IX)
$1,715,069
Management and general expenses
$149,932
Fundraising expenses
$52,768
Program service expenses (Part III)
$1,715,069

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $685,722

  • 1f · All other contributions, gifts and grants

    $1,150,998

  • 1g · Noncash contributions included above

    $140,911

  • 2a · Program service revenue: QUALITY OF LIFE

    total $18,862 · related or exempt $18,862

  • 3 · Investment income

    total $26,358 · excluded $26,358

  • 6a · Gross rents

    real property $4,451

  • 6b · Less rental expenses

    real property $27,936

  • 6c · Rental income or loss

    real property -$23,485

  • 6d · Net rental income or loss

    total -$23,485 · related or exempt -$23,485

  • 7a · Gross sales of assets other than inventory

    securities $228

  • 7c · Gain or loss

    securities $228

  • 7d · Net gain or loss

    total $228 · related or exempt $228

  • 8a · Fundraising events: gross income

    $270,080

  • 8a · Fundraising events: contributions included on line 1c

    $685,722

  • 8b · Fundraising events: direct expenses

    $238,203

  • 8c · Net income from fundraising events

    total $31,877

  • 10a · Gross sales of inventory

    $90

  • 10c · Net income from sales of inventory

    total $90 · related or exempt $90

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $108,808 · program services $69,672 · management and general $27,954 · fundraising $11,182

  • 7 · Other salaries and wages

    total $65,201 · program services $6,521 · management and general $32,600 · fundraising $26,080

  • 9 · Other employee benefits

    total $14,855 · program services $1,485 · management and general $7,428 · fundraising $5,942

  • 10 · Payroll taxes

    total $23,910 · program services $2,391 · management and general $11,955 · fundraising $9,564

  • 11c · Fees: accounting

    total $15,888 · management and general $15,888

  • 13 · Office expenses

    total $52,003 · program services $5,200 · management and general $46,803

  • 16 · Occupancy

    total $5,212 · program services $521 · management and general $4,691

  • 22 · Depreciation, depletion and amortization

    total $1,850 · program services $1,850

  • 23 · Insurance

    total $2,613 · management and general $2,613

  • 24a · Other expenses: QUALITY LIFE IMPROVEMENTS

    total $654,172 · program services $654,172

  • 24b · Other expenses: LIFE SUSTAINING SUPPORT

    total $538,108 · program services $538,108

  • 24c · Other expenses: EDUCATION

    total $401,955 · program services $401,955

  • 24d · Other expenses: CREDIT CARD PROCESS FEES

    total $33,194 · program services $33,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,391,296 · end of year $1,423,994

  • 2 · Savings and temporary cash investments

    beginning of year $1,070,962 · end of year $1,029,268

  • 9 · Prepaid expenses and deferred charges

    end of year $1,575

  • 10a · Land, buildings and equipment: cost or other basis

    $547,328

  • 10b · Land, buildings and equipment: accumulated depreciation

    $122,393

  • 10c · Land, buildings and equipment, net

    beginning of year $438,038 · end of year $424,935

  • 17 · Accounts payable and accrued expenses

    end of year $9,645

  • 25 · Other liabilities

    beginning of year $716 · end of year $1,829

  • 27 · Net assets without donor restrictions

    beginning of year $2,707,307 · end of year $2,868,298

  • 28 · Net assets with donor restrictions

    beginning of year $192,273

Mission and programs · 2023

Mission

TO PROVIDE CHILDREN IN DIRE NEED OF THE NECESSITIES OF SHELTER, FOOD, CLOTHING, EDUCATION AND HEALTHCARE.

  • LIFE SUSTAINING SUPPORT: THROUGH THIS PROGRAM CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR THE BASIC NECESSITIES OF LIFE - DRINKING WATER, GAS/PROPANE AND ELECTRICITY AS WELL AS FRESH FRUITS, VEGETABLES, PROTEIN AND DAIRY TO ENSURE A NUTRITIOUS DIET. WE BELIEVE THAT EVERY CHILD'S LIFE HAS VALUE AND HOLDS THE SAME POTENTIAL, EXCITEMENT AND OPPORTUNITY AS ANY OTHER LIFE. IT IS UP TO US TO WORK TOGETHER TO MAKE SURE OUR CARE TRANSFORMS INTO EACH CHILD'S HOPE FOR THE FUTURE.

    Expenses $565,977

  • QUALITY OF LIFE IMPROVEMENT: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR MEDICAL AND DENTAL SERVICES, TO INCLUDE ORGANIZING MEDICAL AND DENTAL MISSIONS TO ENSURE BASIC HEALTH. OTHER IMPROVEMENTS INCLUDE FACILITIES IMPROVEMENTS TO ENSURE SAFETY AND WELL BEING AND VOLUNTEER VISITS TO PROVIDE THE MUCH NEEDED LOVE AND ATTENTION.

    Expenses $673,396

  • EDUCATION: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE WITH PRIMARY, JR. HIGH AND HIGH SCHOOL EXPENSES SUCH AS UNIFORMS, REGISTRATION FEES AND TUITIONS. THE PROGRAM ALSO COVERS CAREER EDUCATION AND TUTORING AS WELL AS UNIVERSITY TUITION, HOUSING, TRANSPORTATION AND LIVING EXPENSES FOR TEENS AGING OUT OF THE ORPHANAGE SYSTEM. OUR AIM IS TO PROVIDE "GRADUATING" TEENS WITH THE SKILLS NECESSARY TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.

    Expenses $424,534

  • MANAGEMENT AND FUNDRAISING EXPENSES

    Expenses $51,162

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hilda Pacheco-Taylor

    PRESIDENT

    Total calculated
    $55,908
    From this org
    $55,908
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • George Perez

    DIRECTOR

    Total calculated
    $52,900
    From this org
    $52,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Beason

    CHAIRMAN & C

    Total calculated
    $0

  • Alex Dastmalchi

    VICE PRESIDE

    Total calculated
    $0

  • John Haugland

    DIRECTOR

    Total calculated
    $0

  • Steve Paliska

    DIRECTOR

    Total calculated
    $0

  • Mickey Wiebe

    VICE PRESIDE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2024
IRS schema version
2023v5.0
Source object
202411249349301726

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