Miguel Contreras Foundation
- Assets
- $310.6k
- Revenue
- $863.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Los Angeles, CA
- Founding
- 11/2010
- Data as of
- 12/2022
- 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 12/2022, Miguel Contreras Foundation employed 4 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 12/2022, Miguel Contreras Foundation generated $863.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Loza Impact Manager | 40 | $115,213 | |
Thom Davis President | OfficerTrustee | 1 | $0 |
Victor Griego Vice President | OfficerTrustee | 1 | $0 |
Patricia Clarey Secretary | OfficerTrustee | 1 | $0 |
Glen Dake Director | Trustee | 1 | $0 |
Michael Griggs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,473 |
| Total Program Service Revenue | $0 |
| Investment income | $304 |
| 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 | $863,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,766 |
| Grants and other assistance to domestic individuals. | $200,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,615 |
| Pension plan accruals and contributions | $6,870 |
| Other employee benefits | $26,871 |
| Payroll taxes | $20,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,936 |
| Fees for services: Accounting | $9,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,750 |
| Advertising and promotion | $0 |
| Office expenses | $37,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,800 |
| Insurance | $4,942 |
| All other expenses | $0 |
| Total functional expenses | $1,024,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,854 |
| Savings and temporary cash investments | $100,908 |
| 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 | $16,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,562 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $18,395 |
| Net assets with donor restrictions | $292,167 |
| 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 | $310,562 |
Grants Awarded
Over the last fiscal year, Miguel Contreras Foundation has awarded $79,008 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAOC APPRENTICESHIP READINESS FUND PURPOSE: MC3 APPRENTICESHIP READINESS | $50,000 |
USW-PROTERRA TRAINING AND APPRENTICESHIP TRUST FUN | | | $29,008 |