Corazon De Vida Foundation
- Assets
- $2.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Irvine, CA
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 33-0707788
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 12/2022, 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 12/2022, Corazon DE Vida Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 7.0% 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
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.
MANAGEMENT AND FUNDRAISING EXPENSES
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Perez Director | Trustee | 40 | $50,262 |
Hilda Pacheco-Taylor President | OfficerTrustee | 40 | $33,000 |
Michael Beason Chairman & C | OfficerTrustee | $0 | |
Alex Dastmalchi Vice Preside | OfficerTrustee | $0 | |
John Haugland Director | Trustee | $0 | |
Steve Paliska Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $487,706 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,435 |
| Noncash contributions included in lines 1a–1f | $143,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,757,141 |
| Total Program Service Revenue | $4,128 |
| Investment income | $340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,962 |
| Net Gain/Loss on Asset Sales | -$126 |
| Net Income from Fundraising Events | $54,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,802,920 |
| 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. | $83,262 |
| Compensation of current officers, directors, key employees. | $16,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,625 |
| Payroll taxes | $22,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| 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 | $34,493 |
| 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 | $2,445 |
| Insurance | $2,349 |
| All other expenses | $0 |
| Total functional expenses | $1,509,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,296 |
| Savings and temporary cash investments | $1,070,962 |
| 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 | $438,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,900,296 |
| Accounts payable and accrued expenses | $0 |
| 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 | $716 |
| Total liabilities | $716 |
| Net assets without donor restrictions | $2,707,307 |
| Net assets with donor restrictions | $192,273 |
| 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 | $2,900,296 |