Community Asset Development Re-Defining Education EIN 26-4753821 Form 990 (PDF) Claim this org

Community Asset Development Re-Defining Education FY2021 filing

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Empowers parents through training and advocacy to ensure all children receive a quality education. For fiscal year 2021 it reported $625K in revenue, $871K in expenses, and $1.0M in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Education
Location
Los Angeles, CA
Website
www.cadre-la.org
Filings
4 on file (2021–2021)
Revenue
$625KFY2021
Expenses
$871K
Net assets
$1.0M
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  26-4753821 Public charity (501(c)(3)) Los Angeles, CA Founded 2010
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers parents through training and advocacy to ensure all children receive a quality education.
Leadership
Maisie Chin · Executive Director · $90K
Money in and out
$625K revenue, $871K expenses
Bottom line
70% program efficiency
Where the money goes · FY2021
Total revenue
$625K
Pt VIII · Ln 12
Total expenses
$871K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$245K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.16 Fundraising $0.14
Program efficiency
70%
of spending reaches programs
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$625K
FY2021
Expenses
$871K
FY2021
Total assets
$1.1M
FY2021
Total liabilities
$56K
FY2021
Total revenue
$625K
Pt VIII · Ln 12
Total expenses
$871K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$245K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommunity Asset Development Re-Defining Education
EINHdr · item D26-4753821
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.cadre-la.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B01)
Ruling yearIRS BMFMar 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$90,084Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carlos Valle’s $109K as Co-Ed Operation is at the 87th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Maisie Chin$190,123$90,084
Elice Hennessee$53,999$111,527$109,040$13,587
Carlos Valle$109,390$105,808$105,000$12,381

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $609K of program spending, described in the organization's own filed words · FY2020.
01

To build and organize parent leaders from neighborhoods of concentratd poverty through training, advocacy and policy campaigns that reduce the dropout rate and improve the quality of their schools and communities.

$515Kprogram expense
02

To facilitate and coordinate joint activities and projects nationally and locally among organizations sharing similar goals for improving public education, community wellness, and racial equality.

$94Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$623K
Investment income$249
Other revenue$2K
— government grantsLn 1e$86K
Total revenueLn 12$625K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.16 Fundraising $0.14
Program services70%$609K
Management & general16%$143K
Fundraising14%$119K
Total functional expensesLn 25$871K

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$56K
Total net assetsLn 32$1.0M
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses/yr $871K
6.0 months
Where the money goes
Program services
Program services $609K · Total expenses $871K
70%
Management & General
Management & general $143K · Total expenses $871K
16%
Fundraising
Fundraising $119K · Total expenses $871K
14%
Cost to raise $1
Fundraising expense $119K · Solicited contributions $538K
$0.22 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $623K · Total revenue $625K
100%
Government reliance
Government grants $86K · Total revenue $625K
14%
Earned-income share
Program service revenue $0 · Total revenue $625K
0%
Investment reliance
Investment income $249 · Total revenue $625K
+0.04%
Program self-sufficiency
Program service revenue $0 · Total expenses $871K
0%
Growth & trend
Revenue growth (YoY)
This year $625K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $625K · Expenses $871K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.0M · Total assets $1.1M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Maisie Chin · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $90K · Total expenses $871K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $515K · Total expenses $871K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 16%
Fundraising cost ratio 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$875K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$625K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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