Careyes Foundation is located in Santa Monica, CA. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careyes 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, Careyes Foundation generated $207.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $188.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. 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
THE MISSION OF ?!CAREYES FOUNDATION (CAREYES FOUNDATION) IS TO CATALYZE (CON SCH O) INNOVATIVE PROGRAMS IN EDUCATION, ENVIRONMENT, WELLNESS, AND THE ARTS TO IMPROVE THE WELL-BEING OF LOCAL COMMUNITIES ALONG THE SOUTH PACIFIC COAST OF JALISCO, MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE PUBLISHED FIVE BOOKS IN A SERIES OF CUSTOM-MADE ENGLISH-SPANISH TEXTBOOKS TAILORED SPECIFICALLY TO THE EDUCATIONAL NEEDS OF ELEMENTARY SCHOOL CHILDREN IN RURAL AREAS. THIS SERIES AND ITS ACCOMPANYING CURRICULUM WILL PROVIDE THEM WITH THE NECESSARY TOOLS TO BECOME BILINGUAL AND, ULTIMATELY, TO BE MORE PRODUCTIVE AND SUCCESSFUL MEMBERS OF THEIR COMMUNITIES. WHEN THE LOCAL PUBLIC SCHOOL CLOSED IN MARCH 2020, WE ADAPTED OUR CURRICULUM TO BE IMPLEMENTED THROUGH TAKE-HOME PACKETS. IN OCTOBER 2021, WE WERE ABLE TO BEGIN TO TEACH ENGLISH CLASSES AGAIN IN FOUR LOCAL SCHOOLS. BY MARCH 2022, WE HAD RESUMED CLASSES IN ALL 12 SCHOOLS, REACHING OVER 1,000 ELEMENTARY SCHOOL CHILDREN AND DELIVERING A TOTAL OF 881 HOURS OF CLASSROOM INSTRUCTION FROM JANUARY TO JUNE 2022. IN SEPTEMBER 2022, WE WERE (CONTINUE SCH O) UNABLE TO RESUME CLASSES AT THE BEGINNING OF THE SCHOOL YEAR DUE TO A BUREAUCRATIC COMPLICATION IN WHICH OUR LEGAL AGREEMENT WITH THE STATE OF JALISCO WAS INVALIDATED. THE LEGAL PROCESS TO APPROVE AND VALIDATE A NEW AGREEMENT WAS NOT YET RESOLVED AT THE END OF DECEMBER 2022, BUT WE HOPE TO RESUME ENGLISH CLASSES IN 2023.IN ADDITION TO THE EXPENSES REPORTED IN PART IX OF THIS RETURN, THERE WERE IN-KIND GIFTS OF $5,873.
BEGINNING IN 2013, WE HAVE INVITED A SERIES OF RENOWNED MEXICAN AND INTERNATIONAL VISUAL ARTISTS FOR RESIDENCIES THAT GENERALLY LASTED ONE MONTH AND INCLUDED A STUDIO WORKSPACE AND MATERIALS. THE PROGRAM INVOLVED COLLABORATIONS WITH LOCAL SCHOOLS IN THE FORM OF WORKSHOPS FOR THE CHILDREN IN ONE VILLAGE. IN 2020, WE RESTRUCTURED THE PROGRAM TO FOCUS ON PROVIDING A MORE CONSISTENT AND MEANINGFUL ARTS EDUCATION FOR THE LOCAL CHILDREN, AS OUR ART WORKSHOP PROGRAM (AWP). NOW, MEXICAN EMERGING ARTISTS SPEND THREE-TO-FOUR MONTHS WORKING WITH LOCAL CHILDREN, DELIVERING WEEKLY CLASSES, AND ULTIMATELY STAGING AN EXHIBITION THAT FEATURES BOTH THE WORK OF THE ARTIST AND OF THE CHILDREN WHO PARTICIPATED IN THE WORKSHOPS. IN 2022, MORE THAN 490 CHILDREN PARTICIPATED IN THE AWP, WITH A TOTAL OF 418 HOURS (CON SCH O) OF ARTS EDUCATION DELIVERED IN 12 VILLAGES BY THREE ARTISTS IN RESIDENCE.
IN SEPTEMBER 2019, WE BEGAN LAYING THE GROUNDWORK TO ESTABLISH A VOCATIONAL TRAINING CENTER (VTC) IN THE COMMUNITY OF EMILIANO ZAPATA USING AN ESTABLISHED, ACCESSIBLE ONLINE TRAINING PLATFORM. IN NOVEMBER 2020, WE OFFICIALLY OPENED OUR DOORS TO THE PUBLIC WITH 5 COMPUTERS THAT PEOPLE COULD USE TO ACCESS ONLINE VOCATIONAL TRAINING. WE GUIDE THEM AND AUGMENT THE ONLINE TRAINING WITH INDIVIDUALIZED SUPPORT AND RESUME-BUILDING. IN 2021, RESPONDING TO FEEDBACK FROM THE LOCAL COMMUNITY, WE EXPANDED OUR OFFERINGS TO INCLUDE BASIC COMPUTER AND ENGLISH CLASSES FOR ADULTS AND TEENAGERS. IN 2022, 63 PEOPLE PARTICIPATED IN OUR ENGLISH CLASSES AND WE DELIVERED A TOTAL OF 240 HOURS OF INSTRUCTION. IN FEBRUARY 2022, WE PILOTED A HANDS-ON CARPENTRY WORKSHOP, WITH 24 HOURS OF INSTRUCTION AND 13 PARTICIPANTS (CON SCH O). IN MARCH 2022, WE LAUNCHED A ROBOTICS CLUB FOR KIDS AND TEENAGERS, AND BY THE END OF 2022 WE HAD PARTICIPATION OF 44 KIDS AND 320 HOURS OF INSTRUCTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Filippo Brignone President & Board Member | OfficerTrustee | 4 | $0 |
Emanuela Brignone Cattaneo Secretary & Board Member | OfficerTrustee | 1 | $0 |
Isabel Santo Tomas Treasurer & Board Member | OfficerTrustee | 1 | $0 |
Jonathan Congdon Board Member | Trustee | 1 | $0 |
Guillermo Barnetche Davison Board Member | Trustee | 1 | $0 |
Sarah Lerman Director (see Sch O) | Officer | 40 | $24,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $95,287 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $72,470 |
Noncash contributions included in lines 1a–1f | $36,525 |
Total Revenue from Contributions, Gifts, Grants & Similar | $167,757 |
Total Program Service Revenue | $0 |
Investment income | $75 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $39,870 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $207,702 |
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 | $3,030 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $24,000 |
Compensation of current officers, directors, key employees. | $2,400 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,204 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,199 |
Payroll taxes | $1,837 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,075 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $67,199 |
Advertising and promotion | $0 |
Office expenses | $611 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,973 |
Travel | $2,960 |
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 | $5,059 |
Insurance | $2,500 |
All other expenses | $12,131 |
Total functional expenses | $188,650 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,741 |
Savings and temporary cash investments | $148,385 |
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 | $8,377 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $113,877 |
Total assets | $272,380 |
Accounts payable and accrued expenses | $20,054 |
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 | $459 |
Total liabilities | $20,513 |
Net assets without donor restrictions | $213,099 |
Net assets with donor restrictions | $38,768 |
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 | $272,380 |