Bona Fide Conglomerate Inc
- Assets
- $1.7m
- Revenue
- $5.7m
- Investments
- $100.0k
- Employees
- 113
- Location
- La Mesa, CA
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 83-0396875
Organization Overview
Bona Fide Conglomerate Inc is located in La Mesa, CA. The organization was established in 2005. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2022, Bona Fide Conglomerate Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bona Fide Conglomerate Inc 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, Bona Fide Conglomerate Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 19.1% 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
THE ORGANIZATION PROVIDES MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS WITH PRACTICAL, REAL-WORLD JOB TRAINING AND JOB PLACEMENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS AND CONTINUES TO EDUCATE, TRAIN, AND PROVIDE JOB PLACEMENT AND EMPOYMENT FOR INDIVIDUALS WHO ARE OTHERWISE "UNEMPLOYABLE" DUE TO A SEVERE DISABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben A Lopez President & CEO | OfficerTrustee | 40 | $950,000 |
Gia Cedillo Secretary | Trustee | 0 | $0 |
Nathan Mcdonough CFO | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wright & Lestrange Legal | 12/30/18 | $0 |
Eckland & Blando Llp Legal | 12/30/18 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,655,380 |
| Investment income | $48,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,676,609 |
| 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. | $950,000 |
| Compensation of current officers, directors, key employees. | $950,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,865,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,923 |
| Payroll taxes | $279,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,439 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,153 |
| Fees for services: Other | $253,349 |
| Advertising and promotion | $27,494 |
| Office expenses | $75,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $150,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,625 |
| Insurance | $287,976 |
| All other expenses | $154,964 |
| Total functional expenses | $6,103,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,915 |
| Savings and temporary cash investments | $23,858 |
| 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 | $202,465 |
| Investments—publicly traded securities | $988,311 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,744,549 |
| Accounts payable and accrued expenses | -$7,057 |
| 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 | -$3,000 |
| Total liabilities | -$10,057 |
| Net assets without donor restrictions | $1,754,606 |
| 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 | $1,744,549 |