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Nonprofiteer
← MOLINA FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by MOLINA FAMILY FOUNDATION.

Totals

Total revenue
$22,562,781
Total expenses
$20,864,243
Contributions and grants received
$22,429,598
Grants paid
$20,149,707
Program service revenue
$0
Investment income
$133,183
Other revenue
$0
Total assets, end of year
$11,465,057
Total liabilities, end of year
$64,225
Net assets or fund balances, end of year
$11,400,832
Program services expenses (Part IX)
$20,645,782
Management and general expenses
$178,945
Fundraising expenses
$39,516
Program service expenses (Part III)
$20,645,782

Program services were 99.0% 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

    $22,429,598

  • 1g · Noncash contributions included above

    $21,899,084

  • 3 · Investment income

    total $158,642 · excluded $158,642

  • 7a · Gross sales of assets other than inventory

    securities $421,672

  • 7b · Less cost or other basis and sales expenses

    securities $447,131

  • 7c · Gain or loss

    securities -$25,459

  • 7d · Net gain or loss

    total -$25,459 · excluded -$25,459

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,149,484 · program services $20,149,484

  • 2 · Grants to domestic individuals

    total $223 · program services $223

  • 5 · Compensation of officers, directors and key employees

    total $130,000 · program services $83,579 · management and general $13,000 · fundraising $33,421

  • 7 · Other salaries and wages

    total $195,389 · program services $121,057 · management and general $74,332

  • 9 · Other employee benefits

    total $31,484 · program services $19,800 · management and general $8,450 · fundraising $3,234

  • 10 · Payroll taxes

    total $24,917 · program services $15,670 · management and general $6,688 · fundraising $2,559

  • 11b · Fees: legal

    total $431 · program services $431

  • 11c · Fees: accounting

    total $18,500 · management and general $18,500

  • 11f · Fees: investment management

    total $57,184 · management and general $57,184

  • 11g · Fees: other

    total $2,946 · program services $1,853 · management and general $791 · fundraising $302

  • 12 · Advertising and promotion

    total $1,668 · program services $1,668

  • 13 · Office expenses

    total $4,261 · program services $4,261

  • 14 · Information technology

    total $10,554 · program services $10,554

  • 16 · Occupancy

    total $45,998 · program services $45,998

  • 23 · Insurance

    total $7,416 · program services $7,416

  • 24a · Other expenses: FREIGHT

    total $172,330 · program services $172,330

  • 24b · Other expenses: TELEPHONE

    total $9,254 · program services $9,254

  • 24c · Other expenses: PROGRAM RESEARCH

    total $1,176 · program services $1,176

  • 24d · Other expenses: MISCELLANEOUS

    total $1,028 · program services $1,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,162,935 · end of year $441,655

  • 2 · Savings and temporary cash investments

    beginning of year $298

  • 4 · Accounts receivable

    beginning of year $75,000

  • 8 · Inventories for sale or use

    beginning of year $2,685,574 · end of year $4,434,951

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

    $52,907

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

    $52,907

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $7,173,905 · end of year $6,588,451

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,815 · end of year $64,225

  • 27 · Net assets without donor restrictions

    beginning of year $10,838,897 · end of year $11,382,082

  • 28 · Net assets with donor restrictions

    beginning of year $225,000 · end of year $18,750

Mission and programs · 2022

Mission

TO REDUCE DISPARITIES IN ACCESS TO EDUCATION AND HEALTH WITH A FOCUS ON CHILDREN IN UNDER-SERVED COMMUNITIES IN THE UNITED STATES BY PROVIDING BOOKS AND EDUCATIONAL MATERIALS.

  • BOOK BUDDIES LITERACY PROGRAMTO IDENTIFY AND DISTRIBUTE HUNDREDS OF THOUSANDS OF BOOKS THROUGH SCHOOLS, LIBRARIES, COMMUNITY BASED ORGANIZATIONS, HOSPITALS AND HEALTH CARE FACILITIES. THESE BOOKS ARE DISTRIBUTED WHERE COHORTS OF CHILDREN AND ADULTS HAVE BEEN IDENTIFIED AT HIGH RISK FOR LOW LITERACY, PRIMARILY DUE TO POVERTY OR PREVALENCE OF ENGLISH AS A SECOND LANGUAGE.

    Expenses $20,645,782 · Grants $20,149,707

As filed on the 2022 return.

Listed in Part VII

  • Robert Stemler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Faustino Bernadett MD

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mary Martha Bernadett MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Ron Ottinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Giedlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colleen McCreary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Chappell

    DIRECTOR OF OPERATIONS

    Total calculated
    $126,311
    From this org
    $126,311
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202333009349302018

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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