Molina Family Foundation
- Assets
- $17.5m
- Revenue
- $13.1m
- Investments
- $7.4m
- Employees
- 4
- Location
- Los Alamitos, CA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-1479392
Organization Overview
Molina Family Foundation is located in Los Alamitos, CA. The organization was established in 2007. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 12/2023, Molina Family Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molina Family 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 12/2023, Molina Family Foundation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 5 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 2019, Molina Family Foundation has awarded 185 individual grants totaling $49,896,593. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE DISPARITIES IN ACCESS TO EDUCATION AND HEALTH WITH A FOCUS ON CHILDREN IN UNDER-SERVED COMMUNITIES IN THE UNITED STATES BY PROVIDING BOOKS AND EDUCATIONAL MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOK BUDDIES LITERACY PROGRAMTO IDENTIFY AND DISTRIBUTE HUNDREDS OF THOUSANDS OF BOOKS THROUGH SCHOOLS, LIBRARIES, COMMUNITY BASED ORGANIZATIONS, HOSPITALS AND HEALTH CARE FACILITIES. THESE BOOKS ARE DISTRIBUTED WHERE COHORTS OF CHILDREN AND ADULTS HAVE BEEN IDENTIFIED AT HIGH RISK FOR LOW LITERACY, PRIMARILY DUE TO POVERTY OR PREVALENCE OF ENGLISH AS A SECOND LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Stemler Director | Trustee | 1 | $0 |
Faustino Bernadett MD Treasurer | OfficerTrustee | 5 | $0 |
Mary Martha Bernadett MD President | OfficerTrustee | 10 | $0 |
Ron Ottinger Director | Trustee | 1 | $0 |
Richard Giedlin Director | Trustee | 1 | $0 |
Colleen Mccreary Director | Trustee | 1 | $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 | $13,094,696 |
| Noncash contributions included in lines 1a–1f | $12,286,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,094,696 |
| Total Program Service Revenue | $0 |
| Investment income | $146,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,111,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,318,879 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $6,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,928 |
| Payroll taxes | $27,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,867 |
| Fees for services: Other | $2,876 |
| Advertising and promotion | $660 |
| Office expenses | $2,225 |
| Information technology | $5,595 |
| Royalties | $0 |
| Occupancy | $115,829 |
| Travel | $1,110 |
| 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 | $0 |
| Insurance | $7,850 |
| All other expenses | $0 |
| Total functional expenses | $7,923,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,813 |
| Savings and temporary cash investments | $0 |
| 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 | $9,402,383 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,447,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,494,870 |
| Accounts payable and accrued expenses | $41,013 |
| 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 | $0 |
| Total liabilities | $41,013 |
| Net assets without donor restrictions | $17,453,857 |
| 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 | $17,494,870 |
Grants Awarded
Over the last fiscal year, Molina Family Foundation has awarded $7,318,750 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE VOLUNTEER CENTER - SOUTH BAY - HARBOR - LONG BEACH PURPOSE: LITERACY | $66,288 |
SAN DIEGO COUNCIL ON LITERACY PURPOSE: LITERACY | $215,877 |
METHODIST SERVICES PURPOSE: LITERACY | $14,404 |
QUEEN CITY BOOK BANK PURPOSE: LITERACY | $27,340 |
CITY YEAR COLUMBUS PURPOSE: LITERACY | $14,404 |
CHICAGO POLICE DEPARTMENT PURPOSE: LITERACY | $81,411 |