Careyes Foundation FY2022 filing

Tax-deductible

Santa Monica, CA501(c)(3)Human ServicesEIN 46-0759245Revenue $208K in FY2022

On file with the IRScareyesfoundation.org2632 Wilshire Blvd 277, 90403-4623 · Santa Monica, CATax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the ?!Careyes Foundation (Careyes Foundation) is to catalyze (cont sch o ) innovative programs related to education, sports, ecology, and the arts in order to improve the well-being of local communities along the south pacific coast of jalisco, mexico.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
2 of 5
filings with a surplus
Average deficit $27K a year · 15% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $32K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
-20% vs prior year
Spent
$189K
To programs
87%
Net assets
$252K
By yearFY2020–FY2024
Revenue
$208K
FY2022▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$146K
FY2021$260K
FY2022$208K
FY2023$128K
FY2024$163K
Expenses
$189K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$144K
FY2022$189K
FY2023$312K
FY2024$207K
Net assets
$252K
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$117K
FY2021$233K
FY2022$252K
FY2023$68K
FY2024$24K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $163K Management & general 10% · $19K Fundraising 3% · $6K

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; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director (see Sch O)
$24,000Pt VII · Sec A
President & Board Member
$0Pt VII · Sec A
Secretary & Board Member
$0Pt VII · Sec A
Treasurer & Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Montserrat Lopez Gutierrez’s $30K as Executive is at the 17th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Montserrat Lopez Gutierrez$29,792——
Sarah Lerman——$24,000
Sarah Lerman Through Aug 2023—$16,000—
Luis Pacheco Camara$7,801——

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.

See Careyes Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports innovative education, sports, ecology, and arts programs to improve local communities.

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Provided by the organization

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3 programs · $116K · in their own filed words · FY2022
01

We have published five books in a series of custom-made english-spanish textbooks tailored specifically to the educational needs of elementary school children in rural areas. This series and its accompanying curriculum will provide them with the necessary tools to become bilingual and, ultimately, to be more productive and successful…

$52Kprogram expense
02

Beginning in 2013, we have invited a series of renowned mexican and international visual artists for residencies that generally lasted one month and included a studio workspace and materials. The program involved collaborations with local schools in the form of workshops for the children in one village.

$41Kprogram expense
03

In september 2019, we began laying the groundwork to establish a vocational training center (VTC) in the community of emiliano zapata using an established, accessible online training platform. In november 2020, we officially opened our doors to the public with 5 computers that people could use to access online vocational training.

$23Kprogram 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
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$208K
Ln 12
Gifts and grantsLn 1h$168K
Other incomeLn 4–11$40K
Investment incomeLn 3$75
Money outPt IX
$189K
Ln 25
Programscol B$163K
Managementcol C$19K
Fundraisingcol D$6K
Owns and owesPt X
$252K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$272K
LiabilitiesLn 26$21K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Noncash giftsLn 1g$37K
Fundraising eventsLn 1c$95K
Investment incomeLn 3$75
Other incomeLn 4–11$40K
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$148K
Cash and savings togetherLn 1–2$150K
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$114K
Total assetsLn 16$272K
LiabilitiesLn 26$21K
Net assetsLn 32$252K
OperationsPt I, VI
EmployeesI 52
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$120K$150K
Land, buildings, equipmentLn 10c$2K$8K
Total assetsLn 16$238K$272K
LiabilitiesLn 26$5K$21K
Net assetsLn 32$233K$252K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3K$3K
Pay of current officers, directors and key staffLn 5$24K$19K$2K$2K
Other salaries and wagesLn 7$16K$11K$4K$500
Other employee benefitsLn 9$1K$1K$24$36
Payroll taxesLn 10$2K$1K$184$184
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$67K$67K
Office expensesLn 13$611$581$12$18
OccupancyLn 16$13K$12K$461$481
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$5K$5K$49$53
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$34K$32K$2K$223
All other expensesLn 24e$12K$8K$2K$3K
Total functional expensesLn 25$189K$163K$19K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $163K$207K−$44K$24K 990 PDF
FY2023 $128K$312K−$184K$68K 990 PDF
FY2022 Viewing $208K$189K$19K$252K 990 PDF
FY2021 $260K$144K$116K$233K 990 PDF
FY2020 $146K$189K−$43K$117K 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 FY2022 990 (6 parts)
Part I · Summary $207,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,410$167,757
I-9 Program service revenuePrior year $250$0
I-10 Investment incomePrior year $46$75
I-11 Other revenuePrior year $44,084$39,870
I-12 Total revenuePrior year $259,790$207,702
I-13 Grants and similar amounts paidPrior year $15,500$3,030
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $46,376$43,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,329$142,380
I-18 Total expensesPrior year $144,205$188,650
I-19 Revenue less expensesPrior year $115,585$19,052
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $207,702 across 7 lines filed
VIII-1c Fundraising events$95,287
VIII-1f All other contributions, gifts and grants$72,470
VIII-1g Noncash contributions (included above)$36,525
VIII-1h Total contributions, gifts and grants$167,757
VIII-3 Investment incomeExcluded from tax $75$75
VIII-8 Net income from fundraising eventsExcluded from tax $39,870$39,870
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,945$207,702
Part IX · Statement of functional expenses $188,650 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,030$3,030
IX-5 Pay of current officers, directors and key staffPrograms $19,200 · Management $2,400 · Fundraising $2,400$24,000
IX-7 Other salaries and wagesPrograms $11,240 · Management $4,464 · Fundraising $500$16,204
IX-9 Other employee benefitsPrograms $1,139 · Management $24 · Fundraising $36$1,199
IX-10 Payroll taxesPrograms $1,469 · Management $184 · Fundraising $184$1,837
IX-11c Accounting feesManagement $5,075$5,075
IX-11g Other fees for servicesPrograms $67,199$67,199
IX-13 Office expensesPrograms $581 · Management $12 · Fundraising $18$611
IX-16 OccupancyPrograms $12,031 · Management $461 · Fundraising $481$12,973
IX-17 TravelPrograms $2,960$2,960
IX-22 Depreciation, depletion and amortizationPrograms $4,957 · Management $49 · Fundraising $53$5,059
IX-23 InsuranceManagement $2,500$2,500
IX-24 Other expenses (24a–d)Programs $31,763 · Management $1,886 · Fundraising $223$33,872
IX-24e All other expensesPrograms $7,839 · Management $1,734 · Fundraising $2,558$12,131
IX-25 Total functional expensesPrograms $163,408 · Management $18,789 · Fundraising $6,453$188,650
Part X · Balance sheet $272,380 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,741$1,741
X-2 Savings and temporary cash investmentsStart of year $118,234$148,385
X-10c Land, buildings and equipment, netStart of year $1,999$8,377
X-15 Other assetsStart of year $116,047$113,877
X-16 Total assetsStart of year $238,021$272,380
X-17 Accounts payable and accrued expensesStart of year $4,747$20,054
X-25 Other liabilitiesStart of year $459$459
X-26 Total liabilitiesStart of year $5,206$20,513
X-27 Net assets without donor restrictionsStart of year $172,496$213,099
X-28 Net assets with donor restrictionsStart of year $60,319$38,768
X-32 Total net assets or fund balancesStart of year $232,815$251,867
X-33 Total liabilities and net assetsStart of year $238,021$272,380
Part XI · Reconciliation of net assets $251,867 net assets at year end
XI-1 Total revenue$207,702
XI-2 Total expenses$188,650
XI-3 Revenue less expenses$19,052
XI-4 Net assets at start of year$232,815
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$251,867

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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