Clearlake Impact Initiative Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1877400
Organization Overview
Clearlake Impact Initiative Inc is located in Santa Monica, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clearlake Impact Initiative 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, Clearlake Impact Initiative Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.5% each year . All expenses for the organization totaled $228.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose E Feliciano Director/co-President | 1 | $0 | |
Behdad Eghbali Director/co-President | 1 | $0 | |
Fred Ebrahemi Director/coo/secretary | 1 | $0 | |
Pedro Urrutia Director/cfo/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,225,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,225,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $5,152 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $228,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,424 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,253,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,128 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,128 |
Grants Awarded
Over the last fiscal year, Clearlake Impact Initiative Inc has awarded $223,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SPONSORS FOR EDUCATIONAL OPPORTUNITY INC PURPOSE: OPPORTUNITY SPONSORSHIP | $15,000 |
BEST BUDDIES INTERNATIONAL INC PURPOSE: CHAMPION CAMPAIGN | $3,000 |
BOYS AND GIRLS CLUB OF SANTA MONICA INC PURPOSE: COLLEGE BOUND PROGRAM 2023-2024 | $25,000 |
ROBERT A TOIGO FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
THE HONORABLE TINA BROZMAN FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
THE POSSE FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |