Shopmonkey Foundation
- Assets
- $434.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Campbell, CA
- Founding
- 08/2019
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Shopmonkey Foundation generated $99.6k 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 (13.2%) each year. All expenses for the organization totaled $328.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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
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 |
|---|---|---|---|
Travis Brown Board Treasurer | 1 | $0 | |
Annie Iskandarian VP & Founder | 1 | $0 | |
Ashot Iskandarian Board President | 1 | $0 | |
Kathryn Grazian Executive Dir. | 18 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,583 |
| 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 | $99,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,219 |
| Professional fees and other payments to independent contractors | $4,794 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $400 |
| Other expenses | $236,571 |
| Total expenses | $327,984 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $434,551 |
| Other assets | $0 |
| Total assets | $434,551 |
| Total liabilities | $5,733 |
| Net assets or fund balances | $428,818 |