Conaxion Inc
- Assets
- $41.7k
- Revenue
- $126.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-1931555
Organization Overview
Conaxion Inc is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Conaxion Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conaxion Inc 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 12/2023, Conaxion Inc generated $126.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $95.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (28.9%) per year over the past 3 years. 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
TO EMPOWER HISTORICALLY EX- CLUDED COMMUNITIES BY EQUIPPING THEM W/THE KNOWLEDGE & RESOURCES TO BUILD SUSTAINABLE BUSINESSES IN ORDER TO CREATE GENERATION WEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCBB BUILDER RESTRICTED GRANT - SOUTH CENTRAL BUSINESS BUILDER PROGRAM
STATE Z OUTREACH GRANT - IN PARTNERSHIP WITH THE LOS ANGELES
FOOD PANTRY & DISTRIBUTION RESTRICTED GRANT - THE FUNDS SUPPORTED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar Aguayo President | Officer | 9 | $23,500 |
Alex Lam Vice President | Officer | 10 | $25,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20 |
| Related organizations | $0 |
| Government grants | $103,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,774 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| 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 | $126,782 |
| 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. | $48,900 |
| Compensation of current officers, directors, key employees. | $48,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,741 |
| Fees for services: Management | $10,317 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $3,000 |
| 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 | $1,223 |
| Information technology | $5,316 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $155 |
| 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 | $620 |
| All other expenses | $0 |
| Total functional expenses | $95,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,173 |
| Savings and temporary cash investments | $105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,420 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,698 |
| Accounts payable and accrued expenses | $9,000 |
| 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 | $6,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,800 |
| Net assets without donor restrictions | $25,398 |
| Net assets with donor restrictions | $500 |
| 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 | $41,698 |