Totals
- Total revenue
- $5,177,388
- Total expenses
- $2,041,361
- Contributions and grants received
- $5,133,187
- Grants paid
- $254,250
- Program service revenue
- $8,988
- Investment income
- $35,213
- Other revenue
- $0
- Total assets, end of year
- $6,030,353
- Total liabilities, end of year
- $205,205
- Net assets or fund balances, end of year
- $5,825,148
- Program services expenses (Part IX)
- $1,889,830
- Management and general expenses
- $111,299
- Fundraising expenses
- $40,232
- Program service expenses (Part III)
- $1,889,830
Program services were 92.6% 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.
-
1e · Government grants (contributions)
$980,598
-
1f · All other contributions, gifts and grants
$4,152,589
-
2a · Program service revenue: CONSULTING INCOME
total $1,700 · related or exempt $1,700
-
2b · Program service revenue: WORKSHOP INCOME
total $7,288 · related or exempt $7,288
-
3 · Investment income
total $35,213 · excluded $35,213
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $254,250 · program services $254,250
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $148,000 · program services $148,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $895,134 · program services $811,768 · management and general $56,140 · fundraising $27,226
-
8 · Pension plan contributions
total $30,271 · program services $25,872 · management and general $3,848 · fundraising $551
-
9 · Other employee benefits
total $134,839 · program services $115,246 · management and general $17,143 · fundraising $2,450
-
10 · Payroll taxes
total $85,648 · program services $73,202 · management and general $10,888 · fundraising $1,558
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $266,745 · program services $251,408 · management and general $9,524 · fundraising $5,813
-
12 · Advertising and promotion
total $205 · program services $201 · management and general $2 · fundraising $2
-
13 · Office expenses
total $14,747 · program services $14,419 · fundraising $328
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $19,850 · program services $18,096 · management and general $1,467 · fundraising $287
-
17 · Travel
total $51,877 · program services $50,559 · management and general $24 · fundraising $1,294
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $10,669 · management and general $10,669
-
23 · Insurance
total $3,413 · program services $3,367 · management and general $23 · fundraising $23
-
24a · Other expenses: DUES AND MEMBERSHIPS
total $88,481 · program services $87,733 · management and general $457 · fundraising $291
-
24b · Other expenses: Printing and Publications
total $16,476 · program services $16,409 · management and general $44 · fundraising $23
-
24c · Other expenses: MILEAGE
total $7,716 · program services $7,526 · management and general $56 · fundraising $134
-
24d · Other expenses: Postage and Shipping
total $7,574 · program services $7,503 · management and general $47 · fundraising $24
-
24e · All other expenses
total $5,466 · program services $4,271 · management and general $967 · fundraising $228
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,758,975 · end of year $4,548,379
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $505,515 · end of year $455,894
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$35,021
-
10b · Land, buildings and equipment: accumulated depreciation
$26,620
-
10c · Land, buildings and equipment, net
beginning of year $19,070 · end of year $8,401
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $464,319 · end of year $1,017,679
-
17 · Accounts payable and accrued expenses
beginning of year $58,454 · end of year $70,430
-
19 · Deferred revenue
beginning of year $103,500 · end of year $134,775
-
27 · Net assets without donor restrictions
beginning of year $896,022 · end of year $1,730,723
-
28 · Net assets with donor restrictions
beginning of year $1,689,903 · end of year $4,094,425
Mission and programs · 2023
Mission
Creating compassionate and equitable local economies that contribute to the well being of our communitiesWe are committed to do our work in ways that:Are family centered and culturally appropriate;Remove system level barriers to economic equity;Provide leadership development and financial education, including for children and youth;Develop new financial and asset building vehicles; andLift up and leverage the great work already being done.
-
Asset Building - Ensures families and youth can build wealth. This includes: - Semilitas a community partnership that provides children's savings accounts for newborns in the county. The effort focuses on improving children's social emotional development, create a culture supporting post-secondary education, and increase assets and build financial capability of participating families. - Futuro - aims to be a worker-owned cooperative business structure and network that provides income and wealth building for Salinas Valley working-class Latino families. - Alas - which means wings in Spanish, is a six-month financial stability program to help working-class Latino families build community, self-determination, and financial wellbeing. Cohort model incorporates: - Guaranteed Income: families receive $500 /month for 6-months - Education and Resources: Participants receive monthly workshops and individual financial coaching to build savings, establish/ improve credit, build their savings, and reach personal financial goals. - Community Building: Participants work both as a large cohort, and in small groups with neighbors in their own cities. This ensures that they have a community to lean on after completing the program.
Expenses $921,576
-
Financial Capability (Familias con Ms) works on two areas:- Education to build knowledge and skills on fair banking practices, savings, budgeting, credit, debt, overdraft fees, and predatory lenders through workshops, coaching, and community outreach.- Advocacy to address financial inequities, including the prevalence of predatory lenders, currently twice the rate in Watsonville than the city of Santa Cruz.
Expenses $664,863 · Grants $145,100
-
Emergency Relief & Safety Net Services As a trusted intermediary during times of crisis Ventures provide relief to community members in need who are not comfortable working with institutions or who are left out of our safety net. - UndocuFund Monterey Bay provides cash assistance to Monterey Bay area undocumented immigrant workers impacted by emergencies.
Expenses $256,372 · Grants $108,750
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Maria CadenasMARIA CADENAS
Executive Dir.
- Total calculated
- $148,000
- From this org
- $148,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Divya SharmaDIVYA SHARMA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin BruneCAITLIN BRUNE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Darlene TorresDARLENE TORRES
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Elisa OronaELISA ORONA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris BennerCHRIS BENNER
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Sigolene OrtegaSIGOLENE ORTEGA
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Lorraine YglesiasLORRAINE YGLESIAS
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349304282
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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