Shopmonkey Foundation
- Assets
- $663.0k
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Campbell, CA
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 84-2204994
Organization Overview
Shopmonkey Foundation is located in Campbell, CA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Shopmonkey Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shopmonkey 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 06/2022, Shopmonkey Foundation generated $323.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $511.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 2019, MAINTENANCE FOR MOMS HAS BEEN DEDICATED TO ASSISTING SINGLE MOMS BY PROVIDING FREE VEHICLE REPAIRS IN SANTA CLARA COUNTY. WE HAVE GROWN FROM A DREAM TO A NONPROFIT ORGANIZATION. WE BUILT A TEAM AND DEVELOPED AN EASY PROCESS FOR SINGLE MOMS TO APPLY FOR FREE VEHICLE REPAIR. WE HAVE ALSO PURCHASED SEVERAL NEW CARS AND DONATED VEHICLES TO MOMS WHOSE VEHICLES WERE NOT WORTH REPAIRING. THIS YEAR WE HAVE HAD 197 APPLICATIONS, REPAIRED 95 CARS, PURCHASED 15 NEW/USED CARS AND ENDED THE FISCAL YEAR WITH 6 APPLICATIONS IN PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAR REPAIRS. THIS YEAR AT MAINTENANCE FOR MOMS WE WERE ABLE TO REPAIR 95 VEHICLES FOR SINGLE MOMS WHOSE CARS WERE IN NEED OF MAINTENANCE AND REPAIR IN ORDER TO GET TO WORK AND THEIR CHILDREN TO SCHOOL AND DAY CARE. THE AVERAGE COST FOR A VEHICLE REPAIR WAS $1,444.
NEW CARS FOR CLIENTS. THIS YEAR AT MAINTENANCE FOR MOMS WE WERE ABLE TO PURCHASE 15 NEW (USED) VEHICLES FOR SINGLE MOMS WHOSE CARS WERE NOT WORTH REPAIRING AND ARE NEEDED TO GET TO WORK AND THEIR CHILDREN TO SCHOOL AND DAY CARE. THE AVERAGE COST FOR A VEHICLE WAS $6,977.
RESOURCES FOR MOMS. THIS YEAR WE PROVIDED RESOURCES (BOOKS, GAS GIFT CARDS, ESSENTIAL TOILETRY ITEMS) TO 106 SINGLE MOMS AS THEY ENTERED OUR PROGRAM FOR CAR MAINTENANCE. THIS IS AN ADDED WAY THAT WE PROVIDE FOR OUR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Iskandarian VP & Founder | OfficerTrustee | 1 | $0 |
Kathryn Grazian Executive Dir. | OfficerTrustee | 18 | $0 |
Travis Brown Board Treasurer | Trustee | 1 | $0 |
Ashot Iskandarian Board President | 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 | $323,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,279 |
| Total Program Service Revenue | $0 |
| 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 | $323,279 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,736 |
| 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 | $768 |
| Advertising and promotion | $1,593 |
| Office expenses | $10,965 |
| 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 | $5,499 |
| Total functional expenses | $511,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,952 |
| 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 | $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 | $662,952 |
| Accounts payable and accrued expenses | $5,733 |
| 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 | $5,733 |
| Net assets without donor restrictions | $0 |
| 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 | $657,219 |
| Total liabilities and net assets/fund balances | $662,952 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Shopmonkey Foundation has recieved totaling $268,477.
| Awarding Organization | Amount |
|---|---|
Love Thy Neighbor Too Alpharetta, GA PURPOSE: POVERTY | $250,000 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $11,322 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bright Funds Foundation San Jose, CA | $23,418,833 | $59,277,249 |
Monterey Peninsula Foundation Monterey, CA | $50,385,331 | $28,291,060 |
Tiger Woods Charity Event Corp Irvine, CA | $9,536,474 | $23,227,782 |
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |