Rightway Foundation
- Assets
- $849.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Los Angeles, CA
- Founding
- 05/2012
- Data as of
- 06/2021
- EIN
- 90-0761009
Organization Overview
Rightway Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2021, Rightway Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rightway 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 06/2021, Rightway Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $919.6k during the year ending 06/2021. While expenses have increased by 14.1% per year over the past 6 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
WE AT THE RIGHTWAY FOUNDATION HELP TRANSITION-AGE FOSTER YOUTH GET AND KEEP GOOD JOBS DESPITE THE OVERWHELMING TRAUMA THEY HAVE ENDURED THROUGHOUT THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RIGHTWAY FOUNDATION PARTNERS WITH EMANCIPATING FOSTER YOUTH, STABLE LIVES.OUR PROGRAMS ADDRESS PAST TRAUMA, SUPPORT SUCCESSFUL EMPLOYMENT AND PROMOTE HEALING AND SELF-SUFFICIENCY IN ADULTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franco Vega Founder/ceo | Officer | 40 | $94,499 |
Jasmine Plummer Board Secretary | Trustee | 2 | $0 |
Nick Burford Board President | Trustee | 2 | $0 |
Janet Lee Board Treasurer | Trustee | 2 | $0 |
Stephen Alexander Board Member | Trustee | 2 | $0 |
Tammara Anderson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,400 |
| Related organizations | $0 |
| Government grants | $991,231 |
| 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 | $1,078,631 |
| Total Program Service Revenue | $86,009 |
| 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 | $1,164,903 |
| 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. | $246,749 |
| Compensation of current officers, directors, key employees. | $24,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,939 |
| Fees for services: Management | $21,198 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,167 |
| Office expenses | $82,522 |
| Information technology | $215,078 |
| Royalties | $0 |
| Occupancy | $96,563 |
| Travel | $3,496 |
| 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 | $4,369 |
| All other expenses | $0 |
| Total functional expenses | $919,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,344 |
| 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 | $849,344 |
| Accounts payable and accrued expenses | $79,251 |
| 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 | $233,540 |
| Other liabilities | $0 |
| Total liabilities | $312,791 |
| Net assets without donor restrictions | $361,553 |
| Net assets with donor restrictions | $175,000 |
| 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 | $849,344 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Rightway Foundation has recieved totaling $103,279.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $51,509 |
James J Colt Foundation Inc New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $25,000 |
The Play Equity Fund Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Reissa Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Ghj Foundation Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
The Confidence Foundation South Pasadena, CA PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Training San Jose, CA | $31,804,454 | $32,924,536 |
Proteus Inc Visalia, CA | $12,093,986 | $29,240,779 |
San Diego Workforce Partnership Inc San Diego, CA | $11,460,026 | $27,546,774 |
Jvs Socal Los Angeles, CA | $23,647,711 | $28,759,145 |
Summer Search Oakland, CA | $27,211,830 | $33,940,327 |
Options For All Inc San Diego, CA | $11,651,717 | $19,801,261 |
Central Valley Opportunity Center Winton, CA | $7,895,014 | $14,975,890 |
Urban Corps Of San Diego San Diego, CA | $15,173,777 | $14,300,091 |
Film L A Inc Los Angeles, CA | $20,241,193 | $14,666,382 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |