Local Hearts Foundation
- Assets
- $31.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Paramount, CA
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-1313611
Organization Overview
Local Hearts Foundation is located in Paramount, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Hearts 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, Local Hearts Foundation generated $90.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $101.6k during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Rodriguez President | 25 | $0 | |
Hj Chong Vice-President | 7 | $0 | |
Raul Rodriguez Treasurer | 8 | $0 | |
Patrina Rodriguez Secratary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,197 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,197 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $1,500 |
| Other expenses | $88,085 |
| Total expenses | $101,585 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,270 |
| Other assets | $0 |
| Total assets | $31,270 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,270 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Local Hearts Foundation has recieved totaling $14,500.
| Awarding Organization | Amount |
|---|---|
Manny Pacquiao Foundation Los Angeles, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S ONGOING ACTIVITIES | $14,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |