Corazon De Vida Foundation

Organization Overview

Corazon De Vida Foundation is located in Irvine, CA. The organization was established in 1996. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Corazon DE Vida Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corazon DE Vida 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, Corazon DE Vida Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 5.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CHILDREN IN DIRE NEED OF THE NECESSITIES OF SHELTER, FOOD, CLOTHING, EDUCATION AND HEALTHCARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFE SUSTAINING SUPPORT: THROUGH THIS PROGRAM CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR THE BASIC NECESSITIES OF LIFE - DRINKING WATER, GAS/PROPANE AND ELECTRICITY AS WELL AS FRESH FRUITS, VEGETABLES, PROTEIN AND DAIRY TO ENSURE A NUTRITIOUS DIET. WE BELIEVE THAT EVERY CHILD'S LIFE HAS VALUE AND HOLDS THE SAME POTENTIAL, EXCITEMENT AND OPPORTUNITY AS ANY OTHER LIFE. IT IS UP TO US TO WORK TOGETHER TO MAKE SURE OUR CARE TRANSFORMS INTO EACH CHILD'S HOPE FOR THE FUTURE.


QUALITY OF LIFE IMPROVEMENT: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR MEDICAL AND DENTAL SERVICES, TO INCLUDE ORGANIZING MEDICAL AND DENTAL MISSIONS TO ENSURE BASIC HEALTH. OTHER IMPROVEMENTS INCLUDE FACILITIES IMPROVEMENTS TO ENSURE SAFETY AND WELL BEING AND VOLUNTEER VISITS TO PROVIDE THE MUCH NEEDED LOVE AND ATTENTION.


EDUCATION: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE WITH PRIMARY, JR. HIGH AND HIGH SCHOOL EXPENSES SUCH AS UNIFORMS, REGISTRATION FEES AND TUITIONS. THE PROGRAM ALSO COVERS CAREER EDUCATION AND TUTORING AS WELL AS UNIVERSITY TUITION, HOUSING, TRANSPORTATION AND LIVING EXPENSES FOR TEENS AGING OUT OF THE ORPHANAGE SYSTEM. OUR AIM IS TO PROVIDE "GRADUATING" TEENS WITH THE SKILLS NECESSARY TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.


MANAGEMENT AND FUNDRAISING EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
George Perez
Director
$37,800
Hilda Pacheco-Taylor
President
$33,000
Michael Beason
Chairman & C
$0
Mickey Wiebe
Vice Preside
$0
Alex Dastmalchi
Vice Preside
$0
Steve Paliska
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$550,999
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,083,579
Noncash contributions included in lines 1a–1f $106,559
Total Revenue from Contributions, Gifts, Grants & Similar$1,634,578
Total Program Service Revenue$1,970
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,165
Net Gain/Loss on Asset Sales -$385
Net Income from Fundraising Events $32,072
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,122
Miscellaneous Revenue$0
Total Revenue $1,665,192

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Corazon De Vida Foundation has recieved totaling $179,559.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: HUMAN SERVICE

$75,480
A Childs Hope Foundation

Orem, UT

PURPOSE: ORPHANAGE SUPPORT

$36,412
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$22,507
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$15,000
$14,500
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$10,000
View Grant Recipient Profile

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