Miguel Contreras Foundation
- Assets
- $736.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-1149852
Organization Overview
Miguel Contreras Foundation is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Miguel Contreras Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miguel Contreras Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Miguel Contreras Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKER PROGRAM: WITH A MISSION TO SERVE UNDERSERVED WORKERS IN LOS ANGELES, MCF CONDUCTS WORKER PROGRAMS TO ADVANCE ECONOMIC OPPORTUNITY FOR UNDERSERVED WORKERS THROUGH WORKFORCE DEVELOPMENT, WORKER EDUCATION AND WORKER ENGAGEMENT.
SCHOLARSHIP PROGRAM: SINCE INCEPTION, MCF'S SCHOLARSHIP PROGRAM SUPPORTS EDUCATION AND ENGAGEMENT THROUGH FINANCIAL SUPPORT TOWARDS HIGHER EDUCATION AND VOCATIONAL SCHOOL. THIS INCLUDES SUPPORT TO ALUMNI AND THE CHILDREN/DEPENDENTS OF ALUMNI OF OUR PROGRAMS, AS WELL AS LOCAL LOS ANGELES STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Mosqueda Executive Director | Officer | 40 | $180,734 |
Margarita Chavez Operations Officer | 40 | $140,846 | |
Thom Davis President | OfficerTrustee | 1 | $0 |
Victor Griego Vice President | OfficerTrustee | 1 | $0 |
Nicholas Sandler Treasurer | OfficerTrustee | 1 | $0 |
Patricia Clarey Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $985,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010,080 |
| Total Program Service Revenue | $0 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,157,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,208 |
| Grants and other assistance to domestic individuals. | $23,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,503 |
| Compensation of current officers, directors, key employees. | $61,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,445 |
| Pension plan accruals and contributions | $29,041 |
| Other employee benefits | $44,308 |
| Payroll taxes | $34,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,388 |
| Fees for services: Accounting | $19,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,405 |
| Advertising and promotion | $10,517 |
| Office expenses | $83,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,127 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,029 |
| Insurance | $2,938 |
| All other expenses | $5,995 |
| Total functional expenses | $1,247,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,987 |
| Savings and temporary cash investments | $100,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $736,191 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $780,000 |
| Other liabilities | $0 |
| Total liabilities | $780,000 |
| Net assets without donor restrictions | -$376,431 |
| Net assets with donor restrictions | $332,622 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $736,191 |
Grants Awarded
Over the last fiscal year, Miguel Contreras Foundation has awarded $79,008 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: MC3 APPRENTICESHIP READINESS | $50,000 |
Carson, CA | | $29,008 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Miguel Contreras Foundation has recieved totaling $1,150,000.
| Awarding Organization | Amount |
|---|---|
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO CREATE HIGH-ROAD CAREER PATHWAYS PROGRAMS FOR OPPORTUNITY YOUTH IN LOS ANGELES THAT LEAD TO ECONOMIC MOBILITY. | $450,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO CREATE HIGH-ROAD CAREER PATHWAYS PROGRAMS FOR OPPORTUNITY YOUTH IN LOS ANGELES THAT LEAD TO ECONOMIC MOBILITY. | $450,000 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT LOW-WAGE WORKERS IN LA COUNTY | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cultura Y Arte Nativa De Las Americas San Francisco, CA | $2,055,522 | $13,827,231 |
American Indian Health & Services Corporation Santa Barbara, CA | $10,365,655 | $13,137,792 |
River Of Life Foundation Santa Clara, CA | $1,212,027 | $11,599,827 |
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Kanu O Ka Aina Learning Ohana Kamuela, HI | $16,258,612 | $5,026,413 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |
San Francisco Japanese School San Francisco, CA | $7,835,658 | $4,070,640 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |