Telacu Education Fountation
- Assets
- $4.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 42
- Location
- Los Angeles, CA
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 95-4384333
Organization Overview
Telacu Education Fountation is located in Los Angeles, CA. The organization was established in 1993. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Telacu Education Fountation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telacu Education Fountation 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, Telacu Education Fountation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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.
Since 2016, Telacu Education Fountation has awarded 38 individual grants totaling $546,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SERVICES AND RESOURCES FOR SCHOLARSHIP PROGRAMS AND EDUCATIONAL ENRICHMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DESIGNED TO ASSIST PARTICIPANTS IN ENTERING POST SECONDARY EDUCATIONAL INSTITUTIONS. THE PROGRAM IS FUNDED THROUGH A FEDERAL GRANT AND DONATIONS.
PROGRAM DESIGNED TO ENCOURAGE GRAMMAR AND MIDDLE SCHOOL STUDENTS TO COMPLETE SECONDARY AND POST SECONDARY EDUCATION AND ENTER POST SECONDARY EDUCATIONAL INSTITUTIONS. THE PROGRAM IS FUNDED THROUGH A FEDERAL GRANT.
PROGRAM DESIGNED TO ENCOURAGE SECONDARY SCHOOL STUDENTS TO ACQUIRE A POST SECONDARY EDUCATION IN THE FIELD OF NURSING. THE PROGRAM IS FUNDED THROUGH CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Lizarraga Gray Senior VP | 48 | $141,352 | |
Priscilla Lizarraga Vp/secr/treas/dir | OfficerTrustee | 0.1 | $0 |
Michael Lizarraga President/dir | OfficerTrustee | 0.1 | $0 |
David Lizarraga Chairman/dir | OfficerTrustee | 0.1 | $0 |
Fidel Gomez Director | Trustee | 1 | $0 |
Carmen O Perez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $578,719 |
| Related organizations | $0 |
| Government grants | $2,055,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,499,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,133,398 |
| Total Program Service Revenue | $0 |
| Investment income | $708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,344 |
| Net Income from Fundraising Events | -$212,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,920,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $701,958 |
| 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 | $1,569,173 |
| Pension plan accruals and contributions | $9,303 |
| Other employee benefits | $230,272 |
| Payroll taxes | $124,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,108 |
| Advertising and promotion | $26,582 |
| Office expenses | $87,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,957 |
| Travel | $0 |
| 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 | $47,471 |
| Insurance | $17,826 |
| All other expenses | $0 |
| Total functional expenses | $3,630,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,695,418 |
| Savings and temporary cash investments | $1,540,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $427,335 |
| 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 | $51,901 |
| Net Land, buildings, and equipment | $224,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,034 |
| Total assets | $3,966,291 |
| Accounts payable and accrued expenses | $554,251 |
| Grants payable | $0 |
| Deferred revenue | $172,160 |
| 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 | $0 |
| Total liabilities | $726,411 |
| Net assets without donor restrictions | $1,816,050 |
| Net assets with donor restrictions | $1,423,830 |
| 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 | $3,966,291 |
Grants Awarded
Over the last fiscal year, Telacu Education Fountation has awarded $57,992 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: IN ORDER TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS TO GRADUATE. | $38,000 |
Los Angeles, CA PURPOSE: IN ORDER TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS TO GRADUATE. | $7,992 |
La Mirada, CA PURPOSE: IN ORDER TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS TO GRADUATE. | $6,000 |
Los Angeles, CA PURPOSE: IN ORDER TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS TO GRADUATE. | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Telacu Education Fountation has recieved totaling $410,611.
| Awarding Organization | Amount |
|---|---|
Pepsico Foundation Inc Purchase, NY PURPOSE: GENERAL SUPPORT | $250,000 |
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: TELACU EDUCATION FOUNDATION, COLLEGE SUCCESS PROGRAM | $50,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $45,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
California State University Foundation Long Beach, CA PURPOSE: SPONSORSHIP OF THE 38TH ANNNUAL TELACU BUILDING THE DREAM VIRTUAL GALA | $15,000 |
The California Endowment Los Angeles, CA PURPOSE: EXPANDING ACCESS TO HEALTH CAREERS: TO PROVIDE SCHOLARSHIPS TO LOW-INCOME STUDENTS ENTERING MEDICAL SCHOOL AND/OR HEALTH-RELATED GRADUATE PROGRAMS IN LOS ANGELES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |