Local Hearts Foundation
- Assets
- $51.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Downey, CA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-1313611
Organization Overview
Local Hearts Foundation is located in Downey, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Hearts 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 12/2023, Local Hearts Foundation generated $106.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $105.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Rodriguez Director | 20 | $4,000 | |
Hj Chong Co-Founder | 4 | $4,000 | |
Raul Rodriguez Treasurer | 2 | $0 | |
Patrina Rodriguez Secratary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,539 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,539 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $8,000 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $19,239 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $105,554 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,266 |
| Other assets | $0 |
| Total assets | $51,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,266 |