Community Benefit Funding Committee
- Assets
- $236.0k
- Revenue
- $3.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Val Verde, CA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 95-4707609
Organization Overview
Community Benefit Funding Committee is located in Val Verde, CA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Benefit Funding Committee 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, Community Benefit Funding Committee generated $3.3k 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 (44.5%) each year. All expenses for the organization totaled $94.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Benefit Funding Committee has awarded 13 individual grants totaling $380,979. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ASSISTANCE SCHOLARSHIPS-PROVIDES EDUCATIONAL SCHOLARSHIPS FOR LOW INCOME RESIDENTS TO ATTEND COLLEGE
COMMUNITY PROGRAM-PROVIDES ADULT EDUCATION & OTHER SENIOR PROGRAMS & COMMUNITY ACTIVITIES BENEFITING RESIDENTS-CLEAN UP DAYS ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Briano Presidenttreasurer | 40 | $52,500 | |
Cassandra Cardenas Vice President | 2 | $0 | |
Lorena Dominguez Director-Voting | 2 | $0 | |
David Serrano Director-Voting | 2 | $0 | |
Raquel Barajas Director-Voting | 2 | $0 | |
Alex Herrell Director-Non Voting | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,270 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $9,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,503 |
| Depreciation | $5,291 |
| Occupancy | $237 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,358 |
| Total operating and administrative expenses | $40,115 |
| Contributions, gifts, grants paid | $54,488 |
| Total expenses and disbursements | $94,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,054 |
| Savings and temporary cash investments | $10,001 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $216,976 |
| Other assets | $0 |
| Total assets | $236,031 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Community Benefit Funding Committee has awarded $56,336 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF LA PARKS AND RECREATION PURPOSE: FUNDING OF SUPERVISION OF MAINTENANCE AND UPKEEP OF LOCAL COMMUNITY PARK | $6,137 |
YOUTH ACTIVITY LEAGUE-SHERIFF DEPT PURPOSE: TO ASSIST YOUTH ACTIVITIES TO PROMOTE GROWTH AND DEVELOPMENT | $50,199 |