Loaves Fishes & Computers Inc
- Assets
- $280.3k
- Revenue
- $500.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Salinas, CA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-0187805
Organization Overview
Loaves Fishes & Computers Inc is located in Salinas, CA. The organization was established in 2011. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Loaves Fishes & Computers Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loaves Fishes & Computers Inc 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, Loaves Fishes & Computers Inc generated $500.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $491.5k during the year ending 12/2022. While expenses have increased by 16.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOAVES, FISHES AND COMPUTER'S (LFC) MISSION IS TO HELP LOCAL INDIVIDUALS AND FAMILIES OVERCOME THE DIGITAL AND ECONOMIC DIVIDES BY PROVIDING LOW TO NO-COST COMPUTER SYSTEMS, DIGITAL LITERACY CLASSES, HANDS-ON TECHNOLOGY WORKSHOPS AND TECHNOLOGY ASSISTANCE/COMPUTER REPAIRS FOR LOW-INCOME INDIVIDUALS, FAMILIES, SENIORS, VETERANS, CHILDREN, PEOPLE WITH DISABILITIES AND NON-PROFIT ORGANIZATIONS WHILE PROVIDING VOLUNTEERS AN ENCOURAGING AND GRATIFYING PLACE TO LEARN ABOUT COMPUTER SCIENCE AND INFORMATION TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPUTER REFURBISHING AND DISTRIBUTION AND DIRECTLY RELATED ADMIN. TASKS
INSTRUCTION (OFFSITE CLASSES/ WORKSHOPS)
TECHNICAL ASSISTANCE, SUPPORT & DIRECTLY RELATED ADMIN TASKS
VOLUNTEER RECRUITMENT, SUPPORT, TRAINING & DIRECTLY RELATED ADMIN TASKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriela Lopez Chavez Executive Director | Officer | 40 | $72,879 |
Stephen Lieberman Chair | OfficerTrustee | 4 | $0 |
Jacob Siefke Treasurer | OfficerTrustee | 4 | $0 |
Dr George Lenno Secretary | OfficerTrustee | 4 | $0 |
Stephen Bernasconi Director | Trustee | 4 | $0 |
Hugo Alameda Director | Trustee | 4 | $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 | $390,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,542 |
| Total Program Service Revenue | $109,536 |
| 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 | $500,078 |
| 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. | $72,879 |
| Compensation of current officers, directors, key employees. | $6,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,225 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,525 |
| Advertising and promotion | $3,542 |
| Office expenses | $9,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,489 |
| Travel | $2,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,024 |
| Interest | $88 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,552 |
| All other expenses | -$70,876 |
| Total functional expenses | $491,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,388 |
| 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 | $2,500 |
| Total assets | $280,316 |
| Accounts payable and accrued expenses | $11,511 |
| 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 | $11,511 |
| Net assets without donor restrictions | $268,805 |
| 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 | $280,316 |