Downey Foundation For Educational Opportunities
- Assets
- $1.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 287
- Location
- Downey, CA
- Founding
- 07/2017
- Data as of
- 06/2023
- EIN
- 81-2850515
Organization Overview
Downey Foundation For Educational Opportunities is located in Downey, CA. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Downey Foundation For Educational Opportunities employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downey Foundation For Educational Opportunities 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 06/2023, Downey Foundation For Educational Opportunities generated $8.6m in total revenue. All expenses for the organization totaled $8.8m during the year ending 06/2023. While expenses have increased by 138.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING STUDENTS BY PROVIDING EQUITABLE, AFFORDABLE, AND ACCESSIBLE ENRICHMENT PROGRAMS THAT EXPAND THEIR INTERESTS, TALENTS, CONFIDENCE, AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAM: PROVIDING BEFORE AND AFTER-SCHOOL ENRICHMENT PROGRAMS FOR DOWNEY UNIFIED SCHOOL DISTRICT'S TK-8TH GRADE STUDENTS. DFEO'S ACCESS PROGRAM PROVIDES AN ACADEMICALLY ENRICHING, HEALTH-CONSCIOUS, AND SAFE ENVIRONMENT, DEDICATED TO DEVELOPING YOUTH VOICE AND LEADERSHIP, ACTIVE AND ENGAGED LEARNING OPPORTUNITIES, AND ENHANCING SOCIAL-EMOTIONAL GROWTH OF PROGRAM PARTICIPANTS. THE GOAL OF THE FOUNDATION IS TO EXPAND ON ITS MISSION, WITH THE ULTIMATE GOAL OF PREPARING STUDENTS FOR SUCCESS.
AFTER SCHOOL EDUCATIONAL AND SAFETY PROGRAM TO PROVIDE BEFORE AND AFTER-SCHOOL ENRICHMENT PROGRAMS FOR DOWNEY UNIFIED SCHOOL DISTRICT'S TK-8TH GRADE STUDENTS. DFEO'S PROGRAM PROVIDES AN ACADEMICALLY ENRICHING, HEALTH-CONSCIOUS, AND SAFE ENVIRONMENT, DEDICATED TO DEVELOPING YOUTH VOICE AND LEADERSHIP, ACTIVE AND ENGAGED LEARNING OPPORTUNITIES, AND ENHANCING SOCIAL-EMOTIONAL GROWTH OF PROGRAM PARTICIPANTS. THE GOAL OF THE FOUNDATION IS TO EXPAND ON ITS MISSION, WITH THE ULTIMATE GOAL OF PREPARING STUDENTS FOR SUCCESS.
OTHER: BEFORE AND AFTER SCHOOL ENRICHMENT CLASSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Knox President | OfficerTrustee | 2 | $0 |
Sheila Tetangco-Bartolone Executive Director | Officer | 40 | $125,000 |
Kaye Quintero Treasurer | OfficerTrustee | 2 | $0 |
Kristen Zemke Secretary | OfficerTrustee | 2 | $0 |
Phil Davis Board Member | Trustee | 2 | $0 |
Elizabeth Gomez Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elite Guitar Program Services | 6/29/23 | $280,241 |
Home Field Advantage Program Services | 6/29/23 | $202,860 |
Ritmo Sin Igual Dance Company Program Services | 6/29/23 | $136,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,693 |
| Related organizations | $0 |
| Government grants | $8,257,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,293,178 |
| Total Program Service Revenue | $338,076 |
| 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 | $8,631,254 |
| 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. | $249,124 |
| Compensation of current officers, directors, key employees. | $24,912 |
| Compensation to disqualified persons | $28,730 |
| Other salaries and wages | $3,796,281 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,392 |
| Payroll taxes | $340,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,726 |
| Fees for services: Accounting | $11,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,028,072 |
| Advertising and promotion | $5,396 |
| Office expenses | $130,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,127 |
| Travel | $8,176 |
| 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 | $9,029 |
| All other expenses | $3,781 |
| Total functional expenses | $8,843,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,138,706 |
| 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 | $7,967 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,683 |
| Total assets | $1,569,285 |
| Accounts payable and accrued expenses | $729,840 |
| Grants payable | $0 |
| Deferred revenue | $53,098 |
| 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 | $490,153 |
| Unsecured mortgages and notes payable | $12,528 |
| Other liabilities | $224,486 |
| Total liabilities | $1,510,105 |
| Net assets without donor restrictions | $59,180 |
| 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 | $1,569,285 |