Overview
What is The Miguel Contreras Foundation?
The Miguel Contreras Foundation is a nonprofit organization that primarily focuses on education and workforce development. It offers a scholarship program to financially assist alumni and their families pursuing higher education or vocational training. Furthermore, the foundation engages in worker programs aimed at fostering economic opportunities for underprivileged workers in Los Angeles. This is achieved through initiatives such as workforce development, education, and community engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Miguel Contreras Foundation has received an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance as well as its community engagement efforts. With a score of 83% in Accountability & Finance, the foundation demonstrates a commitment to transparency and responsible management of resources. Key areas of strength include a fully independent board, effective financial oversight, and a zero liability to assets ratio, which showcases its financial stability.
In addition to its financial accountability, the foundation excels in its Culture & Community initiatives, scoring 98% in this area. It has successfully implemented mechanisms for collecting and using constituent feedback effectively, ensuring that community voices are heard and incorporated into their operations. The high score in equity strategies also indicates a strong focus on promoting fairness and inclusivity within its programs.
While the foundation has shown remarkable performance metrics, ongoing vigilance in maintaining these standards will be essential to uphold its reputation and effectiveness. Overall, the Miguel Contreras Foundation stands out as a well-managed nonprofit dedicated to making a positive impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Miguel Contreras Foundation legitimate?
The Miguel Contreras Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Miguel Contreras Foundation 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: $271,615
For more financial information, click here
What is the mission statement of The Miguel Contreras Foundation?
The Miguel Contreras Foundation's mission is centered around supporting education and engagement. They achieve this through their scholarship program, which provides financial aid for higher education and vocational school for their alumni and their dependents. Besides this, the foundation also runs worker programs aimed at enhancing economic opportunities for underserved workers in Los Angeles. These initiatives encompass workforce development, education, and engagement, aiming to uplift the community.
Who is the CEO of The Miguel Contreras Foundation?
Thom Davis is the Impact Manager of The Miguel Contreras Foundation.
What is the revenue of The Miguel Contreras Foundation?
The Miguel Contreras Foundation's revenue in 2022 was $863,818.
Who are the executives of The Miguel Contreras Foundation and what are their salaries?
The average compensation at The Miguel Contreras Foundation during 2022 was $67,904. There are 4 employees at The Miguel Contreras Foundation.
Here are 12 key members and their salaries:
- Compensation: $115,213
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- Other: $11,247
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Where can I find the form 990 for The Miguel Contreras Foundation?
The Miguel Contreras Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Miguel Contreras Foundation
The Miguel Contreras Foundation is dedicated to supporting education and engagement, achieving this through two primary avenues. Firstly, the organization offers a scholarship program, financially assisting alumni and their dependents or children as they pursue higher education or vocational training. This initiative empowers individuals to enhance their skills and opportunities, contributing to their personal growth and potential.
Secondly, The Miguel Contreras Foundation focuses on advancing economic opportunities for underserved workers in Los Angeles. They accomplish this through various worker programs, which incorporate workforce development, education, and engagement. By providing these resources, the foundation aims to empower these individuals, enabling them to secure better jobs and improve their financial stability. In essence, The Miguel Contreras Foundation is committed to fostering education and economic advancement, making a significant impact on the lives of its beneficiaries.
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Impact
October, 2024
The Miguel Contreras Foundation significantly impacts the community by promoting education and economic opportunity for underserved workers in Los Angeles. Through its scholarship program, the foundation provides essential financial support for higher education and vocational training for alumni and their families, helping to bridge the gap for those pursuing academic and professional advancement.
Additionally, the foundation runs worker programs focused on workforce development and engagement, empowering individuals and families to achieve greater economic stability. By prioritizing education and community engagement, the foundation fosters a more equitable environment, enabling participants to enhance their skills and improve their livelihoods. The foundation's initiatives contribute to the overall betterment of the community, creating pathways to success for many who might otherwise face barriers to education and economic growth.
This information is meant to be a general summary of The Miguel Contreras Foundation. 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.
- Investment Income: $304
- Gross Receipts: $863,818
Assets and Liabilities:
- Total Assets: $310,562
- Total Liabilities: $0
- Net Assets: $310,562
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Organization Details
Founding Year
2009
Phone
(213) 381-5611Principal Officer
Thom Davis
Main Address
2130 W JAMES M WOOD BLVD, LOS ANGELES, CA, 90006
NTEE Category
Code: A23 - Arts
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