Bona Fide Conglomerate Inc
- Assets
- $2.2m
- Revenue
- $3.8m
- Investments
- $100.0k
- Employees
- 94
- Location
- La Mesa, CA
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 83-0396875
Organization Overview
Bona Fide Conglomerate Inc is located in La Mesa, CA. The organization was established in 2005. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Bona Fide Conglomerate Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bona Fide Conglomerate 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 12/2021, Bona Fide Conglomerate Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 12.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS WITH PRACTICAL, REAL-WORLD JOB TRAINING AND JOB PLACEMENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS AND CONTINUES TO EDUCATE, TRAIN, AND PROVIDE JOB PLACEMENT AND EMPOYMENT FOR INDIVIDUALS WHO ARE OTHERWISE "UNEMPLOYABLE" DUE TO A SEVERE DISABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben A Lopez President & CEO | OfficerTrustee | 40 | $202,000 |
Gia Cedillo Secretary | Trustee | 0 | $0 |
Nathan Mcdonough CFO | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wright & Lestrange Legal | 12/30/18 | $0 |
Eckland & Blando Llp Legal | 12/30/18 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,579,681 |
| Investment income | $38,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,804,222 |
| 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. | $202,000 |
| Compensation of current officers, directors, key employees. | $202,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,740,979 |
| Pension plan accruals and contributions | $24,207 |
| Other employee benefits | $179,770 |
| Payroll taxes | $169,184 |
| 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 | $11,926 |
| Fees for services: Other | $154,133 |
| Advertising and promotion | $1,967 |
| Office expenses | $43,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,162 |
| Insurance | $89,496 |
| All other expenses | $119,065 |
| Total functional expenses | $3,432,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $934,018 |
| Savings and temporary cash investments | $18,072 |
| 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 | $25,341 |
| Net Land, buildings, and equipment | $90,486 |
| Investments—publicly traded securities | $1,025,220 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,193,137 |
| Accounts payable and accrued expenses | $11,620 |
| 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 | -$35 |
| Total liabilities | $11,585 |
| Net assets without donor restrictions | $2,181,552 |
| 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 | $2,193,137 |
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|---|---|---|
Abilitypath Redwood City, CA | $17,118,764 | $22,585,248 |
Tierra Del Sol Foundation Sunland, CA | $15,777,671 | $21,233,220 |
Northern California Inalliance Sacramento, CA | $14,812,049 | $20,528,387 |
Centers For Habilitation Tch Tempe, AZ | $15,476,606 | $18,250,392 |
Vocational Improvement Program Inc Rancho Cucamonga, CA | $11,426,905 | $18,954,396 |
Desertarc Palm Desert, CA | $13,861,862 | $17,111,228 |
Arizona Training & Evaluation Center Inc Peoria, AZ | $6,878,170 | $17,027,041 |
Valleylife Phoenix, AZ | $10,154,660 | $18,100,357 |
North Bay Rehabilitation Services Rohnert Park, CA | $31,738,550 | $17,650,975 |
Vocational Development Foundation Portland, OR | $279,670,535 | $51,140,022 |
Santa Ana Police Officers Assoc Benefit Trust Santa Ana, CA | $28,131,813 | $15,200,082 |
Garten Services Inc Salem, OR | $12,418,958 | $12,378,391 |