Moreno Valley Community Foundation
- Assets
- $915.5k
- Revenue
- $523.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Moreno Valley, CA
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 26-1295880
Organization Overview
Moreno Valley Community Foundation is located in Moreno Valley, CA. The organization was established in 2008. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Moreno Valley Community 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 06/2022, Moreno Valley Community Foundation generated $523.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $438.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSES OF THE FOUNDATION ARE TO LESSEN THE BURDENS OF GOVERNMENT BY AIDING AND ASSISTING IN THE IMPLEMENTATION, IMPROVEMENT, AND MAINTENANCE OF PUBLIC SERVICES THAT PRESERVE AND PROMOTE THE HEALTH AND WELFARE AND EDUCATION OF LOCAL CITIZENRY OF THE CITY OF MORENO VALLEY. TO FORM UNINCORPORATED DIVISIONS RESPONSIBLE FOR FURTHERANCE OF ONE OR MORE OF SUCH PUBLIC SERVICES AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS OF THIS CORPORATION. TO RECEIVE, INVEST, AND UTILIZE FUNDS AND PROPERTY ACQUIRED THROUGH THE SOLICITATION OF CONTRIBUTIONS, DONATIONS, GRANTS, GIFTS, BEQUESTS AND THE LIKE FOR THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS FOR AIDING AND ASSISTING IN THE IMPLEMENTATION, IMPROVEMENT, AND MAINTENANCE OF PUBLIC SERVICES THAT PRESERVE AND PROMOTE THE HEALTH AND WELFARE AND EDUCATION OF LOCAL CITIZENRY OF THE CITY OF MORENO VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ulises Cabrera City Mayor | Trustee | 0 | $0 |
Elena Baca Councilmember | Trustee | 0 | $0 |
Ed A Delgado Councilmember | Trustee | 0 | $0 |
David Marquez Councilmember | Trustee | 0 | $0 |
Cheylynda Barnard Councilmember | Trustee | 0 | $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 | $522,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,993 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $522,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,000 |
| Grants and other assistance to domestic individuals. | $55,300 |
| 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 | $8,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,685 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $438,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $915,493 |
| 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 | $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 | $0 |
| Other assets | $0 |
| Total assets | $915,493 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $221,650 |
| Total liabilities | $224,650 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $690,843 |
| 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 | $915,493 |