Fund For Guaranteed Income
- Assets
- $7.1m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 3
- Location
- El Segundo, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1909049
Organization Overview
Fund For Guaranteed Income is located in El Segundo, CA. According to its NTEE Classification (P05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Human Services and related organizations. As of 12/2022, Fund For Guaranteed Income employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Guaranteed Income is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE RESEARCH, INFRASTRUCTURE, AND IMPLEMENTATION OF GUARANTEED INCOME INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
F4GI WILL SUPPORT THE RESEARCH, INFRASTRUCTURE, AND IMPLEMENTATION OF GUARANTEED INCOME (GI) INITIATIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Salazar Chief Operating Officer | Officer | 50 | $153,442 |
Nika Soon-Shiong President | OfficerTrustee | 40 | $0 |
Jimmy Ho Secretary | Trustee | 2 | $0 |
Douglas Reed Maughan Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $791,393 |
| Government grants | $1,986,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,928,076 |
| Noncash contributions included in lines 1a–1f | $280,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,705,856 |
| Total Program Service Revenue | $0 |
| Investment income | $12,311 |
| 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 | $9,718,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,845,684 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,442 |
| Compensation of current officers, directors, key employees. | $153,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,686 |
| Fees for services: Accounting | $38,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,370 |
| Advertising and promotion | $446 |
| Office expenses | $5,464 |
| Information technology | $442,281 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,487 |
| 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 | $93,333 |
| Insurance | $4,343 |
| All other expenses | $0 |
| Total functional expenses | $2,748,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,714,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,203,547 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $186,667 |
| Other assets | $0 |
| Total assets | $7,105,093 |
| Accounts payable and accrued expenses | $22,624 |
| 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 | $112,307 |
| Total liabilities | $134,931 |
| Net assets without donor restrictions | $0 |
| 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 | $6,970,162 |
| Total liabilities and net assets/fund balances | $7,105,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Guaranteed Income El Segundo, CA | $7,105,093 | $9,718,167 |
Hawaii Data Collaborative Honolulu, HI | $1,368,575 | $1,603,500 |
Forward Change San Francisco, CA | $396,128 | $421,594 |
Coalition On Homelessness San Francisco, CA | $1,770,732 | $1,070,310 |
Western Regional Advocacy Project San Francisco, CA | $234,916 | $779,805 |
Alliance Of Californians For Community Empowerment Los Angeles, CA | $1,362,390 | $514,424 |
Heretogether Portland, OR | $368,760 | $488,786 |
Consciousness And Healing Initiative La Jolla, CA | $499,510 | $371,461 |
Sustainable Systems Research Foundation Santa Cruz, CA | $93,822 | $163,217 |
Sacramento Regional Coalition To End Homelessness Sacramento, CA | $19,268 | $163,332 |
Center For Homeless Inquiries San Francisco, CA | $4,325 | $0 |
Liberation Alliance For Economic And Social Change San Francisco, CA | $203,823 | $0 |
Aletheia Research Institution San Francisco, CA | $1,979 | $0 |
Christian Action Asia Inc Upland, CA | $45,298 | $25,890 |
Peak Heart And Vascular Foundation Paradise Valley, AZ | $0 | $0 |