Overview
What is East Los Angeles College Foundation?
East Los Angeles College Foundation is a nonprofit organization situated in Monterey Park, California, specifically at 1301 AVENIDA CESAR CHAVEZ, CA 91754. Its primary mission is to enhance the college's reach and achievement levels, primarily focusing on low-income and first-generation college students in certain regions with lower college participation rates. The foundation accomplishes this mission through various means, including marketing and advocacy, fostering community and industry connections, and providing financial support. With a workforce of 26 individuals, the East Los Angeles College Foundation plays a crucial role in promoting and elevating the college, thereby helping students achieve their educational goals.
Official website here: www.elacfoundation.org
Is East Los Angeles College Foundation legitimate?
East Los Angeles College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Los Angeles College 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: $119,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $475,552
For more financial information, click here
Official website here: www.elacfoundation.org
What is the mission statement of East Los Angeles College Foundation?
The East Los Angeles College Foundation aims to boost and enhance the college in achieving its mission and meeting its goals. They accomplish this through various means such as marketing and advocacy, fostering connections within the community and industry, and providing financial support. The foundation's mission is primarily focused on promoting and elevating the college, thereby helping it reach its objectives and fulfill its mission effectively.
Official website here: www.elacfoundation.org
Who is the CEO of East Los Angeles College Foundation?
Marissa Castro Salvati is the President of East Los Angeles College Foundation.
Official website here: www.elacfoundation.org
What is the revenue of East Los Angeles College Foundation?
East Los Angeles College Foundation's revenue in 2022 was $2,010,901.
Official website here: www.elacfoundation.org
Who are the executives of East Los Angeles College Foundation and what are their salaries?
The average compensation at East Los Angeles College Foundation during 2022 was $22,893. There are 26 employees at East Los Angeles College Foundation.
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Official website here: www.elacfoundation.org
Where can I find the form 990 for East Los Angeles College Foundation?
East Los Angeles College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elacfoundation.org
Learn more at the official website: www.elacfoundation.org
Mission Statement of East Los Angeles College Foundation
The East Los Angeles College Foundation is committed to promoting and elevating the college in fulfilling its mission and reaching its goals. They achieve this through various strategies such as marketing, advocacy, building community and industry connections, and providing financial support. The organization's mission is to act as a catalyst, helping the college to thrive and achieve its objectives more effectively.
In line with this mission, the East Los Angeles College Foundation plays a crucial role in disseminating information about post-secondary education and financial aid. They are instrumental in improving the flow of such information to low-income students and geographic regions with documented low college participation rates. This initiative, known as the California Student Opportunity and Access Program (CAL-SOAP), was established by the state legislature in 1978. The program's aim is to raise the achievement levels of these students, many of whom are the first in their families to attend college. By providing access to valuable information and support, the East Los Angeles College Foundation is helping to break down barriers and open up opportunities for these students.
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Impact
October, 2024
The East Los Angeles College Foundation plays a vital role in enhancing the educational landscape of the community by promoting and elevating the college’s mission. Through targeted marketing and advocacy efforts, the foundation connects the institution with both the community and industry, fostering relationships that are essential for collaboration and support.
One of the key initiatives under its umbrella is the California Student Opportunity and Access Program (Cal-SOAP), established by the state legislature. This program works to improve access to postsecondary education and financial aid for low-income, first-generation college students, particularly in areas where college participation rates are low. By raising awareness and providing essential resources, the foundation significantly contributes to elevating achievement levels among elementary and secondary students, empowering them with the information they need to pursue higher education.
Overall, the foundation not only facilitates financial support for students but also champions the educational advancement of the community it serves, thereby making a profound impact on the academic and professional futures of countless individuals in the region.
This information is meant to be a general summary of East Los Angeles College 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: $308,995
- Program Service Revenue: $1,104,361
- Gross Receipts: $2,939,699
Assets and Liabilities:
- Total Assets: $7,085,651
- Total Liabilities: $144,577
- Net Assets: $6,941,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAL SOAPLA
Revenue
$743,414
COLLEGE FUTURES
Revenue
$280,000
GEAR UP FOR LA
Revenue
$80,947
Organization Details
Founding Year
1984
Phone
(323) 260-8198Principal Officer
Marissa Castro Salvati
Main Address
1301 AVENIDA CESAR CHAVEZ, MONTEREY PARK, CA, 91754
Website
www.elacfoundation.orgNTEE Category
Code: B114 - Education
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