Totals
- Total revenue
- $1,036,386
- Total expenses
- $744,376
- Contributions and grants received
- $1,196,395
- Grants paid
- $614,000
- Program service revenue
- $0
- Investment income
- $63,918
- Other revenue
- -$223,927
- Total assets, end of year
- $2,245,219
- Total liabilities, end of year
- $772,211
- Net assets or fund balances, end of year
- $1,473,008
- Program services expenses (Part IX)
- $689,180
- Management and general expenses
- $55,196
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $689,180
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.
-
1f · All other contributions, gifts and grants
$1,196,395
-
3 · Investment income
total $63,918 · excluded $63,918
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$437,280
-
8b · Fundraising events: direct expenses
$661,207
-
8c · Net income from fundraising events
total -$223,927 · excluded -$223,927
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$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 $614,000 · program services $614,000
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $14,227 · management and general $14,227
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $10,490 · program services $0 · management and general $10,490 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,821 · management and general $2,821
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $75,180 · program services $75,180
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: STRIPE MERCHANT FEES
total $27,658 · management and general $27,658
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $378,044 · end of year $681,541
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $224,186 · end of year $363,190
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $305,662 · end of year $490,048
-
10a · Land, buildings and equipment: cost or other basis
$7,000
-
10b · Land, buildings and equipment: accumulated depreciation
$3,267
-
10c · Land, buildings and equipment, net
beginning of year $3,733 · end of year $3,733
-
11 · Investments: publicly traded securities
beginning of year $700,000 · end of year $700,000
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $6,619 · end of year $6,707
-
17 · Accounts payable and accrued expenses
beginning of year $246 · end of year $52,711
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $437,000 · end of year $719,500
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,180,998 · end of year $1,473,008
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
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.
Activities or mission (Part I)
THE MISSION OF VIDA VALIENTE FOUNDATION IS TO SUPPORT FIRST-GENERATION STUDENTS WHO HAVE WORKED HARD TO GET THEMSELVES THROUGH SCHOOL.
-
SUPPORTING FIRST-GENERATION STUDENTS THROUGH LEADERSHIP AND SCHOLARSHIP. Our program is a combination of last-dollar scholarships for four years of college as well as a built-in leadership program established to support students as they navigate through the valleys and summits of their collegiate journey.
Expenses $689,180 · Grants $614,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susana Drumwright
CEO
- Total calculated
- $0
- Hours/week
- 5
-
Hayes Drumwright
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Sam Kaplan
Director
- Total calculated
- $0
- Hours/week
- 0.15
-
Adriel Lares
Director
- Total calculated
- $0
- Hours/week
- 0.15
-
Ruben Navarro
Director
- Total calculated
- $0
- Hours/week
- 0.15
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
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503099349301405
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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