Esperanza Charitable Fund
- Assets
- $17.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 75-2990530
Organization Overview
Esperanza Charitable Fund is located in Mesa, AZ. The organization was established in 2002. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza Charitable Fund 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, Esperanza Charitable Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 18.5% 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 2014, Esperanza Charitable Fund has awarded 92 individual grants totaling $8,998,301. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT AND BENEFITS TO THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS BY PROVIDING GRANTS FOR ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS BY MEANS OF PUBLIC MONETARY DONATIONS - CARE FOR LIFE
PROVIDE FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS BY MEANS OF PUBLIC MONETARY DONATIONS - CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS
PROVIDE FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS BY MEANS OF PUBLIC MONETARY DONATIONS - NATIONAL CENTER ON SEXUAL EXPLOITATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Martin Trustee | Trustee | 1 | $0 |
Carrie Thompson Trustee, Managing | Trustee | 1 | $0 |
Charles Dennis Barney Trustee | Trustee | 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 | $3,043,986 |
| Noncash contributions included in lines 1a–1f | $3,043,986 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,043,986 |
| Total Program Service Revenue | $0 |
| Investment income | $1,513,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,024 |
| Net Gain/Loss on Asset Sales | -$408,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,173,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,174,833 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $292 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $118 |
| Total functional expenses | $2,181,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,140 |
| Savings and temporary cash investments | $0 |
| 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 | $1,360,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,399,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,274,510 |
| Total assets | $17,706,761 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,706,761 |
| 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 | $17,706,761 |
Grants Awarded
Over the last fiscal year, Esperanza Charitable Fund has awarded $2,161,333 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JESUS CHRIST OF LDS PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $1,898,000 |
Washington, DC PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $83,333 |
Mesa, AZ PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $50,000 |
Washington, DC PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $50,000 |
Mesa, AZ PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $25,000 |
Charlottesville, VA PURPOSE: TO ASSIST ORGANIZATION FISCALLY | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Esperanza Charitable Fund has recieved totaling $82,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $82,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Sembrador Ministries Chatsworth, CA | $38,637,636 | $18,701,148 |
Nora Lam Ministries San Jose, CA | $148,225 | $7,883,187 |
New Life Ministries Lake Forest, CA | $1,971,795 | $8,402,272 |
Christian Center Of Park City Park City, UT | $13,844,095 | $7,996,060 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Biblical Education By Extension Inc Colorado Springs, CO | $2,298,554 | $3,974,117 |
Irvine Onnuri Church Irvine, CA | $6,273,875 | $4,499,639 |
Crossfire Ministries Inc Colorado Springs, CO | $6,360,133 | $4,375,955 |
Tabernacle Christian School Concord, CA | $5,160,537 | $3,470,555 |
What Matters Ministries And Missions Colorado Springs, CO | $564,276 | $3,431,281 |
Bibles For The World Colorado Springs, CO | $4,367,837 | $4,148,269 |