Cornucopia Services
- Assets
- $12.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Torrance, CA
- Founding
- 09/2004
- Data as of
- 12/2020
- EIN
- 34-1991587
Organization Overview
Cornucopia Services is located in Torrance, CA. The organization was established in 2004. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Cornucopia Services employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornucopia Services 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 12/2020, Cornucopia Services generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $2.1m during the year ending 12/2020. While expenses have increased by 33.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO (1) PROVIDE AFFORDABLE HOUSING FOR VERY LOW, LOW AND MODERATE INCOME FAMILIES AND ELDERLY PERSONS IN ALL OF THE UNITED STATES, WHERE AN INADEQUATE SUPPLY OF HOUSING EXISTS FOR SUCH GROUPS, EXCEPT WYOMING, AND TO LESSEN THE BURDENS OF GOVERNMENT BY SUPPLYING AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES, WHERE AN INADEQUATE SUPPLY OF SUCH HOUSING EXISTS; (2) TO PROVIDE CHARITABLE ASSISTANCE TO PERSONS WHOSE INCOMES DO NOT EXCEED 80% OF THE AREA MEDIAN INCOME BY AREA AS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WITH THE FOCUS ON PERSONS EARNING 60% OF AREA MEDIAN INCOME; AND (3) TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE PURPOSES AS ALLOWED BY LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO (1) PROVIDE AFFORDABLE HOUSING FOR VERY LOW, LOW AND MODERATE INCOME FAMILIES AND ELDERLY PERSONS IN ALL OF THE UNITED STATES, WHERE AN INADEQUATE SUPPLY OF HOUSING EXISTS FOR SUCH GROUPS, EXCEPT WYOMING, AND TO LESSEN THE BURDENS OF GOVERNMENT BY SUPPLYING AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES, WHERE AN INADEQUATE SUPPLY OF SUCH HOUSING EXISTS; (2) TO PROVIDE CHARITABLE ASSISTANCE TO PERSONS WHOSE INCOMES DO NOT EXCEED 80% OF THE AREA MEDIAN INCOME BY AREA AS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WITH THE FOCUS ON PERSONS EARNING 60% OF AREA MEDIAN INCOME; AND (3) TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE PURPOSES AS ALLOWED BY LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Ramos President | OfficerTrustee | 1 | $0 |
Jazmin Cabrera Secretary | OfficerTrustee | 1 | $0 |
Adelina Mesta Former Chairman | OfficerTrustee | 1 | $0 |
Margaret Carleen Castaneda Chairman | OfficerTrustee | 1 | $0 |
Nidia Vasquez Former Director | Trustee | 1 | $0 |
Julia Arisiaga Former Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,968 |
| Total Program Service Revenue | $8,578,777 |
| Investment income | $0 |
| 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 | $8,629,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $767,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,582 |
| Payroll taxes | $73,240 |
| Fees for services: Management | $732,858 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $175,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,429 |
| Insurance | $6,772 |
| All other expenses | $28,613 |
| Total functional expenses | $2,137,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,748,566 |
| Savings and temporary cash investments | $0 |
| 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 | $104,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$54,329 |
| Intangible assets | $0 |
| Other assets | $8,775,275 |
| Total assets | $12,574,471 |
| Accounts payable and accrued expenses | $755,552 |
| 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 | $1,874 |
| Total liabilities | $757,426 |
| Net assets without donor restrictions | $11,817,045 |
| Net assets with donor restrictions | $0 |
| 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 | $12,574,471 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cornucopia Services has recieved totaling $292,594.
| Awarding Organization | Amount |
|---|---|
Los Angeles Regional Food Bank Los Angeles, CA PURPOSE: SEE MISSION STATEMENT | $180,122 |
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $112,428 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Maui Food Bank Inc Wailuku, HI | $8,705,630 | $17,679,982 |
Chronicle Season Of Sharing Fund San Francisco, CA | $6,841,559 | $17,696,249 |
Aloha Harvest Honolulu, HI | $1,577,196 | $14,284,049 |
The Food Basket Inc Hilo, HI | $8,560,702 | $11,986,942 |
Emergency Food Bank Stockton, CA | $4,658,043 | $12,815,382 |
Arizona Food Bank Network Phoenix, AZ | $7,535,434 | $12,101,730 |
Loaves & Fishes Family Kitchen San Jose, CA | $10,477,295 | $12,232,910 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Imperial Valley Food Bank Imperial, CA | $8,961,226 | $9,918,858 |
Food Bank Coalition Of San Luis Obispo County San Luis Obispo, CA | $10,663,552 | $12,122,062 |