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La Maestra Foundation INC

Tax-deductible

San Diego, CA501(c)(3)Community DevelopmentEIN 20-4368366Revenue $2.8M in FY2024

On file with the IRSlamaestrafoundation.org4060 Fairmount Ave, 92105-1608 · San Diego, CATax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To provide and support advocacy and community services that improve the overall well being of low-income, culturally diverse individuals and families in san diego with the goal of achieving self sufficiency.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $71K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $136K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$338K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+50% vs prior year
Spent
$2.8M
To programs
65%
Net assets
$235K
By yearFY2020–FY2024
Revenue
$2.8M
FY2024▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$2.5M
FY2022$2.5M
FY2023$1.9M
FY2024$2.8M
Expenses
$2.8M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.0M
FY2022$2.4M
FY2023$2.5M
FY2024$2.8M
Net assets
$235K
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$356K
FY2021$723K
FY2022$799K
FY2023$193K
FY2024$235K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $1.8M Management & general 32% · $911K Fundraising 3% · $73K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Marty Stroud
Presidentchairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Monica De La Torre
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
John Kuek
Director
$0Pt VII · Sec A
See La Maestra Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers low-income families with advocacy and services for self-sufficiency.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2024
01

Coffee cart, embroidery, micro credit, blossoms (florist shop, legal and are all programs designed to give disadvantaged people training in business and job skills. HDC/ICR provides housing for recovering individuals.

$683Kprogram expense
02

Generations is an after school education program providing education assistance to children during after school hours. The program offers courses in academics, arts, music and technology.

$538Kprogram expense
03

The print shop provides vocational training and job skills to individuals in recovery programs.

$410Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The San Diego FoundationFY2024$136K
Total grants receivedfrom 1 funder$136K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.0M
Money outPt IX
$2.8M
Ln 25
Programscol B$1.8M
Managementcol C$911K
Fundraisingcol D$73K
Owns and owesPt X
$235K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$573K
LiabilitiesLn 26$338K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fundraising eventsLn 1c$222K
Fees for servicesLn 2g$1.0M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$221K
Cash and savings togetherLn 1–2$221K
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$573K
LiabilitiesLn 26$338K
Net assetsLn 32$235K
OperationsPt I, VI
EmployeesI 530
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$258K$221K
Land, buildings, equipmentLn 10c$51K$38K
Total assetsLn 16$517K$573K
LiabilitiesLn 26$324K$338K
Net assetsLn 32$193K$235K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M$1.2M$486K
Other employee benefitsLn 9$225K$163K$61K
Management feesLn 11a$167K$37K$130K
Legal feesLn 11b$78K$78K
Accounting feesLn 11c$4K$4K
OccupancyLn 16$229K$137K$93K
TravelLn 17$2K$936$581
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$20K$19K$1K
Other expenses (24a–d)Ln 24$416K$285K$58K$73K
Total functional expensesLn 25$2.8M$1.8M$911K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.8M$2.8M$42K$235K 990 PDF
FY2023 $1.9M$2.5M−$607K$193K 990 PDF
FY2022 $2.5M$2.4M$77K$799K 990 PDF
FY2021 $2.5M$2.0M$502K$723K 990 PDF
FY2020 $1.9M$1.6M$339K$356K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,846,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,057,289$1,824,140
I-9 Program service revenuePrior year $839,709$1,021,863
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,896,998$2,846,003
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,678,367$1,883,587
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $825,214$920,213
I-18 Total expensesPrior year $2,503,581$2,803,800
I-19 Revenue less expensesPrior year −$606,583$42,203
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,846,003 across 7 lines filed
Lines not itemized here account for $1,843 of total revenue; see the IRS return.
VIII-1c Fundraising events$221,691
VIII-1d Related organizations$1,200,000
VIII-1f All other contributions, gifts and grants$402,449
VIII-1h Total contributions, gifts and grants$1,824,140
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $871,378 · Unrelated business $148,642$1,020,020
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $873,221 · Unrelated business $148,642 · Excluded from tax $0$2,846,003
Part IX · Statement of functional expenses $2,803,800 across 10 lines filed
IX-7 Other salaries and wagesPrograms $1,172,979 · Management $485,965$1,658,944
IX-9 Other employee benefitsPrograms $163,364 · Management $61,279$224,643
IX-11a Management feesPrograms $36,680 · Management $130,000$166,680
IX-11b Legal feesManagement $78,263$78,263
IX-11c Accounting feesManagement $3,613$3,613
IX-16 OccupancyPrograms $136,736 · Management $92,592$229,328
IX-17 TravelPrograms $936 · Management $581$1,517
IX-20 InterestPrograms $4,460$4,460
IX-22 Depreciation, depletion and amortizationPrograms $18,849 · Management $1,264$20,113
IX-24 Other expenses (24a–d)Programs $285,302 · Management $57,614 · Fundraising $73,323$416,239
IX-25 Total functional expensesPrograms $1,819,306 · Management $911,171 · Fundraising $73,323$2,803,800
Part X · Balance sheet $572,969 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $258,328$220,952
X-4 Accounts receivableStart of year $207,503$294,271
X-9 Prepaid expenses and deferred charges$20,005
X-10c Land, buildings and equipment, netStart of year $50,983$37,741
X-16 Total assetsStart of year $516,814$572,969
X-17 Accounts payable and accrued expensesStart of year $288,654$298,331
X-25 Other liabilitiesStart of year $35,479$39,755
X-26 Total liabilitiesStart of year $324,133$338,086
X-32 Total net assets or fund balancesStart of year $192,681$234,883
X-33 Total liabilities and net assetsStart of year $516,814$572,969
Part XI · Reconciliation of net assets $234,883 net assets at year end
XI-1 Total revenue$2,846,003
XI-2 Total expenses$2,803,800
XI-3 Revenue less expenses$42,203
XI-4 Net assets at start of year$192,681
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$234,883

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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