Cardenas Markets Foundation: Nonprofit Profile, Financials & Form 990 (EIN 71-0977935)

Revenue by fiscal year
FY2020	$185K
FY2021	$508K
FY2022	$565K
FY2023	$631K
FY2024	$774K

Expenses by fiscal year
FY2020	$659K
FY2021	$469K
FY2022	$621K
FY2023	$695K
FY2024	$697K

Net assets by fiscal year
FY2020	$769K
FY2021	$808K
FY2022	$752K
FY2023	$688K
FY2024	$765K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2007.

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

Where the money goes

77 cents of each dollar spent went to programs.

77%

22%

Program services 77% · $537K Management & general 22% · $154K Fundraising 1% · $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.

Part VII, Section A · reportable compensation

Prabash Coswatte

Board Member

$0Pt VII · Sec A

Leticia Espinoza

Board Member

$0Pt VII · Sec A

Marisa Kutansky

Secretary

$0Pt VII · Sec A

Suzy Monford

Board Member

$0Pt VII · Sec A

Adam Salgado

President

$0Pt VII · Sec A

Jason Tran

Treasurer

$0Pt VII · Sec A

See Cardenas Markets 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes an annual golf tournament to fund education, health, hunger relief, and children's programs.

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1 program · $537K · in their own filed words · FY2024

01

Prepare for and run an annual golf tournament to raise public donations with the purpose of expanding access to higher education, support programs that provide health services, support hunger relief efforts and support children's well being programs.

$537Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2021

American Online Giving Foundation INCFY2021$6K

Total grants receivedfrom 1 funder$6K

Grants paid · 45 grants · $1.4M · 2020–2024

International Scholarship and TuitiFY2024$195,000

Olive CrestCA · FY2024$65,469

American Heart Association INCTX · FY2024$25,000

Cga Educational FoundationFY2024$24,580

Phoenix Children's HospitalAZ · FY2024$12,000

American National Red Cross & Its Constituent Chapters and BranchesDC · FY2024$10,000

City of Ontario Recreation and CommFY2024$7,500

Ucsf Benioff Children's Hospital FoFY2024$7,000

American Heart Association INCTX · FY2023$55,975

Olive CrestCA · FY2023$43,354

Cga Educational FoundationFY2023$35,370

Phoenix Children's HospitalAZ · FY2023$12,000

Spring Valley High SchoolFY2023$10,000

City of HopeFY2023$9,000

City of Ontario Recreation and CommFY2023$7,750

Alzheimer's AssociationFY2023$7,500

Various Entities - ScholarshipFY2022$178,000

California Grocers AssociationFY2022$29,360

See all 45 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$774K

Ln 12

Gifts and grantsLn 1h$730K

Investment incomeLn 3$31K

Other incomeLn 4–11$13K

Money outPt IX

$697K

Ln 25

Programscol B$537K

Managementcol C$154K

Fundraisingcol D$6K

Owns and owesPt X

$765K

net assets · Ln 32

Cash and savingsLn 1–2$767K

Total assetsLn 16$769K

LiabilitiesLn 26$4K

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$730K

Fundraising eventsLn 1c$660K

Investment incomeLn 3$31K

Other incomeLn 4–11$13K

Total revenueLn 12$774K

Assets in detailPt X, end of year

CashLn 1$767K

Cash and savings togetherLn 1–2$767K

Total assetsLn 16$769K

LiabilitiesLn 26$4K

Net assetsLn 32$765K

OperationsPt I, VI

EmployeesI 50

VolunteersI 631

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$698K	$767K
Total assetsLn 16	$700K	$769K
LiabilitiesLn 26	$11K	$4K
Net assetsLn 32	$688K	$765K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$510K	$510K
Management feesLn 11a	$122K		$122K
Legal feesLn 11b	$9K		$2K	$6K
Accounting feesLn 11c	$4K		$4K
Other expenses (24a–d)Ln 24	$51K	$27K	$24K
All other expensesLn 24e	$1K		$1K
Total functional expensesLn 25	$697K	$537K	$154K	$6K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$774K	$697K	$77K	$765K	990 PDF
FY2023	$631K	$695K	−$64K	$688K	990 PDF
FY2022	$565K	$621K	−$56K	$752K	990 PDF
FY2021	$508K	$469K	$39K	$808K	990 PDF
FY2020	$185K	$659K	−$474K	$769K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $773,670 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $604,222$729,614

I-9 Program service revenue$0

I-10 Investment incomePrior year $13,081$31,364

I-11 Other revenuePrior year $13,660$12,692

I-12 Total revenuePrior year $630,963$773,670

I-13 Grants and similar amounts paidPrior year $523,302$510,240

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $171,490$186,756

I-18 Total expensesPrior year $694,792$696,996

I-19 Revenue less expensesPrior year −$63,829$76,674

Part VI · Governance 6 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $773,670 across 6 lines filed

VIII-1c Fundraising events$660,113

VIII-1f All other contributions, gifts and grants$69,501

VIII-1h Total contributions, gifts and grants$729,614

VIII-3 Investment incomeExcluded from tax $31,364$31,364

VIII-8 Net income from fundraising eventsExcluded from tax $12,692$12,692

VIII-12 Total revenueExcluded from tax $44,056$773,670

Part IX · Statement of functional expenses $696,996 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $510,240$510,240

IX-11a Management feesManagement $122,367$122,367

IX-11b Legal feesManagement $2,129 · Fundraising $6,388$8,517

IX-11c Accounting feesManagement $3,925$3,925

IX-24 Other expenses (24a–d)Programs $26,550 · Management $24,233$50,783

IX-24e All other expensesManagement $1,164$1,164

IX-25 Total functional expensesPrograms $536,790 · Management $153,818 · Fundraising $6,388$696,996

Part X · Balance sheet $769,332 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $697,569$767,332

X-9 Prepaid expenses and deferred chargesStart of year $2,000$2,000

X-16 Total assetsStart of year $699,569$769,332

X-25 Other liabilitiesStart of year $11,295$4,384

X-26 Total liabilitiesStart of year $11,295$4,384

X-32 Total net assets or fund balancesStart of year $688,274$764,948

X-33 Total liabilities and net assetsStart of year $699,569$769,332

Part XI · Reconciliation of net assets $764,948 net assets at year end

XI-1 Total revenue$773,670

XI-2 Total expenses$696,996

XI-3 Revenue less expenses$76,674

XI-4 Net assets at start of year$688,274

XI-10 Net assets at end of year$764,948

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

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Cardenas Markets Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Cardenas Markets Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV