Overview
What is La Maestra Foundation Inc?
La Maestra Foundation Inc, located in San Diego, California, is a nonprofit organization dedicated to improving the well-being of low-income, culturally diverse individuals and families. Their mission encompasses providing and supporting advocacy and community services, with the ultimate goal of achieving self-sufficiency. One of their key initiatives is the Generation program, an after-school education program that offers assistance in academics, arts, music, and technology to children during non-school hours. With a total of 37 employees, La Maestra Foundation Inc strives to make a significant impact in the San Diego community.
Official website here: www.lamaestrafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)
La Maestra Foundation Inc has received a rating indicating that it needs improvement, with a score of 73%. While the organization boasts a fully independent board of 100% and scores well in areas such as financial liabilities and conflict of interest policies, it falls short in providing financial statements, which significantly impacts its overall accountability and transparency scores.
The foundation demonstrates strengths in governance with independent board members and a solid conflict of interest policy. Additionally, it has established policies for whistleblower protection and document retention, reflecting a commitment to ethical operations. However, the lack of available financial statements raises concerns about financial transparency, which is crucial for potential donors and stakeholders to assess the organization's fiscal health.
Despite its challenges, La Maestra Foundation Inc has a reasonable program expense ratio of 63.92%, indicating that a significant portion of its resources is directed towards its programs. Overall, while there are commendable aspects of the foundation's governance and policy framework, the lack of financial documentation remains a notable limitation that the organization will need to address to enhance its credibility with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is La Maestra Foundation Inc legitimate?
La Maestra Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Maestra Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,314,597
For more financial information, click here
Official website here: www.lamaestrafoundation.org
What is the mission statement of La Maestra Foundation Inc?
La Maestra Foundation Inc's mission is centered around advocacy and community services, specifically aimed at enhancing the overall well-being of low-income, culturally diverse individuals and families. The organization's primary goal is to help these individuals achieve self-sufficiency in San Diego. To accomplish this, La Maestra Foundation Inc provides and supports various community programs and services. One of their initiatives is an after-school education program called Generations. This program offers academic, arts, music, and technology courses to assist children during their after-school hours.
Official website here: www.lamaestrafoundation.org
Who is the CEO of La Maestra Foundation Inc?
Monica De La Torre is the Vice President of La Maestra Foundation Inc.
Official website here: www.lamaestrafoundation.org
What is the revenue of La Maestra Foundation Inc?
La Maestra Foundation Inc's revenue in 2022 was $2,525,268.
Official website here: www.lamaestrafoundation.org
Who are the executives of La Maestra Foundation Inc and what are their salaries?
The average compensation at La Maestra Foundation Inc during 2022 was $35,530. There are 37 employees at La Maestra Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.lamaestrafoundation.org
Where can I find the form 990 for La Maestra Foundation Inc?
La Maestra Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamaestrafoundation.org
Learn more at the official website: www.lamaestrafoundation.org
Mission Statement of La Maestra Foundation Inc
La Maestra Foundation Inc is committed to improving the overall well-being of low-income, culturally diverse individuals and families in the community, with the ultimate goal of achieving self-sufficiency. This mission is achieved through providing and supporting advocacy and community services. The foundation's efforts aim to enhance the quality of life for its beneficiaries, promoting self-reliance and empowerment.
One of the ways La Maestra Foundation Inc accomplishes its mission is by offering an after-school education program called Generations. This program, available during after-school hours, provides children with educational assistance in various subjects, such as academics, arts, music, and technology. This comprehensive approach to education not only helps students excel in their studies but also exposes them to a range of creative and technological fields, thereby broadening their horizons and fostering a love for learning.
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Impact
October, 2024
La Maestra Foundation Inc significantly impacts low-income, culturally diverse individuals and families in San Diego by providing essential advocacy and community services that enhance their overall well-being and promote self-sufficiency. One of its key initiatives, the Generations program, offers academic assistance and enrichment opportunities to children during after-school hours. This program includes courses in academics, arts, music, and technology, ensuring that young learners have access to diverse educational experiences that support their growth and development. By focusing on education and community support, La Maestra Foundation Inc plays a vital role in improving the lives of those it serves, fostering stronger, more resilient families and communities in San Diego.
This information is meant to be a general summary of La Maestra Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $632,966
- Gross Receipts: $2,525,268
Assets and Liabilities:
- Total Assets: $1,107,125
- Total Liabilities: $307,861
- Net Assets: $799,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRINTING SHOP
Revenue
$331,412
COFFEE CART
Revenue
$77,302
HCDCICR
Revenue
$77,503
LM LAUNDRY
Revenue
$115,494
MICRO CREDIT
Revenue
$720
Organization Details
Founding Year
2005
Principal Officer
Monica De La Torre
Main Address
4060 FAIRMOUNT AVENUE, SAN DIEGO, CA, 92105
Website
www.lamaestrafoundation.orgNTEE Category
Code: S20 - Community improvement
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