Community Asset Development Re-Defining Education
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 03/2010
- Data as of
- 06/2022
- EIN
- 26-4753821
Organization Overview
Community Asset Development Re-Defining Education is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Community Asset Development Re-Defining Education employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Asset Development Re-Defining Education 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, Community Asset Development Re-Defining Education generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.1m 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
THROUGH TRAINING, CAPACITY BUILDING, COMMUNITY ORGANIZING, AND POLICY ADVOCACY, CADRE SOLIDIFIES AND ADVANCES PARENT LEADERSHIP TO ENSURE THAT ALL CHILDREN ARE RIGHTFULLY EDUCATED REGARDLESS OF WHERE THEY LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD AND ORGANIZE PARENT LEADERS FROM NEIGHBORHOODS OF CONCENTRATD POVERTY THROUGH TRAINING, ADVOCACY AND POLICY CAMPAIGNS THAT REDUCE THE DROPOUT RATE AND IMPROVE THE QUALITY OF THEIR SCHOOLS AND COMMUNITIES.
TO FACILITATE AND COORDINATE JOINT ACTIVITIES AND PROJECTS NATIONALLY AND LOCALLY AMONG ORGANIZATIONS SHARING SIMILAR GOALS FOR IMPROVING PUBLIC EDUCATION, COMMUNITY WELLNESS, AND RACIAL EQUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maisie Chin Executive Director | OfficerTrustee | 40 | $190,123 |
Elice Hennessee Co-Ed Strategy | OfficerTrustee | 40 | $13,587 |
Carlos Valle Co-Ed Operation | OfficerTrustee | 40 | $12,381 |
Nomsa Khalfani Chairman | OfficerTrustee | 1 | $0 |
Alicia Lara Vice Chair | OfficerTrustee | 1 | $0 |
Thalia Gonzalez Treasurer | OfficerTrustee | 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 | $1,246,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,246,553 |
| Total Program Service Revenue | $5,500 |
| Investment income | $373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $216,091 |
| Compensation of current officers, directors, key employees. | $140,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,625 |
| Payroll taxes | $44,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $62,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,230 |
| Advertising and promotion | $2,204 |
| Office expenses | $3,535 |
| Information technology | $16,979 |
| Royalties | $0 |
| Occupancy | $53,506 |
| Travel | $1,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,490 |
| All other expenses | $0 |
| Total functional expenses | $1,050,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,970 |
| Savings and temporary cash investments | $878,256 |
| Pledges and grants receivable | $144,231 |
| Accounts receivable, net | $400,000 |
| 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 | $8,704 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $1,497,161 |
| Accounts payable and accrued expenses | $6,972 |
| Grants payable | $0 |
| Deferred revenue | $147,000 |
| 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 | $133,948 |
| Total liabilities | $287,920 |
| Net assets without donor restrictions | $180,208 |
| Net assets with donor restrictions | $1,029,033 |
| 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 | $1,497,161 |