Rita And Luis Echenique Charitable Foundation
- Assets
- $2.5m
- Revenue
- $192.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- King City, CA
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-2531914
Organization Overview
Rita And Luis Echenique Charitable Foundation is located in King City, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rita And Luis Echenique Charitable 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 12/2021, Rita And Luis Echenique Charitable Foundation generated $192.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $200.4k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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 2015, Rita And Luis Echenique Charitable Foundation has awarded 54 individual grants totaling $1,084,175. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Borzini President | 1 | $0 | |
Jane Stile Secretary | 1 | $0 | |
Christopher Lopez Director | 1 | $0 | |
Sonia Chapa Treasurer | 1 | $0 | |
Deborah Howitt Director | 1 | $0 | |
Becky Garcia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $378 |
| Dividends & Interest | $51,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,093 |
| Capital Gain Net Income | $141,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $192,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $457 |
| Total operating and administrative expenses | $28,396 |
| Contributions, gifts, grants paid | $172,000 |
| Total expenses and disbursements | $200,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,339 |
| 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 | $37,485 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,523,236 |
| 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, Rita And Luis Echenique Charitable Foundation has awarded $172,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION PURPOSE: $10,000 TOWARDS HOSPICE, $10,000 TOWARDS RANCHO CIELO, $12,000 TOWARDS GREENFIELD COMMUNITY SCIENCE WORKSHOP, $20,000 TOWARDS SOL TREASURES, $10,000 TOWARDS GIRLS, INC., $10,000 TOWARDS ARTS COUNCIL OF MONTEREY COUNTY, $15,000 TOWARDS HARTNELL COLLEGE FOUNDATION,$8,000 TOWARDS READ TO ME PROJECT, $7,500 TOWARDS SOUTH COUNTY ANIMAL RESCUE, $6,000 TOWARDS CASA, $5,000 TOWARDS FIRST NIGHT MONTEREY, AND $12,500 TOWARDS MONTEREY COLLEGE OF LAW. | $126,000 |
King City, CA PURPOSE: $20,000 TOWARDS WIFI UPGRADES. | $20,000 |
GREENFIELD LITTLE LEAGUE PURPOSE: $10,000 TOWARDS BATTING CAGES. | $10,000 |
KINSHIP CENTER PURPOSE: $8,000 TOWARDS FAMILY THERAPY SERVICES | $8,000 |
MONTEREY COUNTY RURAL AG MUSEUM PURPOSE: $8,000 TOWARDS INTERN EXHIBIT PROGRAM | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |