Training & Research Foundation FY2021 filing

Tax-deductible

Tustin, CA501(c)(3)Since 1968EIN 95-2958220

Training and research foundation's primary exempt purpose is to operate government-funded early childhood and education programs and family services that benefit children from underserved and disadvantaged families.

501(c)(3) charity; gifts are tax-deductible.
31¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 4
filings with a surplus
Average deficit $12K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$566K
165% of total assets
Concern: liabilities are 165% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$152K
-71% vs prior year
Spent
$411K
To programs
31%
Net assets
−$222K
By yearFY2020–FY2024
Revenue
$152K
FY2021▼ -71%
Revenue by fiscal year
FY2020$529K
FY2021$152K
FY2023$1.7M
FY2024$3.3M
FY2024$4.9M
Expenses
$411K
FY2021▼ -34%
Expenses by fiscal year
FY2020$619K
FY2021$411K
FY2023$1.5M
FY2024$3.2M
FY2024$4.7M
Net assets
−$222K
FY2021▼ -381%
Net assets by fiscal year
FY2020$79K
FY2021−$222K
FY2023−$62K
FY2024$23K
FY2024$220K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Oct 1972.

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

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $129K Management & general 69% · $282K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023
Renee Jacobs$177,243$136,155$174,222
Gricelda Farias$112,026——
Danette L Mejico$105,215——

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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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

Operates government-funded preschool programs for disadvantaged children.

Provided by the organization

This section is blank until Training & Research Foundation claims this page.

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2 program services account for $129K of program spending, described in the organization's own filed words · FY2021.
01

State preschool program this program receives a state funding which offers child care and development programs.

$129Kprogram expense
02

Child care food program this program receives federal and state funding for meal reimbursements which support the head start and early head start programs.

Pt IX · col B

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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 · FY2023
Total grants receivedfrom 1 funder$19

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$152K
Ln 12
Gifts and grantsLn 1h$149K
Other incomeLn 4–11$3K
Investment incomeLn 3$2
Money outPt IX
$411K
Ln 25
Programscol B$129K
Managementcol C$282K
Owns and owesPt X
−$222K
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$343K
LiabilitiesLn 26$566K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Government grantsLn 1e$148K
Investment incomeLn 3$2
Other incomeLn 4–11$3K
Total revenueLn 12$152K
Assets in detailPt X, end of year
CashLn 1$292K
Cash and savings togetherLn 1–2$292K
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$4K
Total assetsLn 16$343K
LiabilitiesLn 26$566K
Net assetsLn 32−$222K
OperationsPt I, VI
EmployeesI 567
VolunteersI 66
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$58K$292K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$148K$343K
LiabilitiesLn 26$68K$566K
Net assetsLn 32$79K−$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$167K$37K$131K
Other employee benefitsLn 9$35K$16K$19K
Other fees for servicesLn 11g$38K$16K$23K
Office expensesLn 13$9K$271$9K
OccupancyLn 16$25K$4K$21K
TravelLn 17$781$781
InsuranceLn 23$2K$2K$710
Other expenses (24a–d)Ln 24$126K$49K$76K
All other expensesLn 24e$7K$4K$3K
Total functional expensesLn 25$411K$129K$282K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.3M$3.2M$85K$23K 990 PDF
FY2023 $1.7M$1.5M$215K−$62K 990 PDF
FY2022 Not on file
FY2021 Viewing $152K$411K−$259K−$222K 990 PDF
FY2020 $529K$619K−$90K$79K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $151,566 across 6 lines filed
VIII-1e Government grants$148,348
VIII-1f All other contributions, gifts and grants$512
VIII-1h Total contributions, gifts and grants$148,860
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,704$2,704
VIII-12 Total revenueRelated to mission $2,706$151,566
Part IX · Statement of functional expenses $411,002 across 9 lines filed
IX-7 Other salaries and wagesPrograms $36,736 · Management $130,737$167,473
IX-9 Other employee benefitsPrograms $15,907 · Management $19,002$34,909
IX-11g Other fees for servicesPrograms $15,633 · Management $22,747$38,380
IX-13 Office expensesPrograms $271 · Management $9,018$9,289
IX-16 OccupancyPrograms $4,104 · Management $20,873$24,977
IX-17 TravelPrograms $781$781
IX-23 InsurancePrograms $1,670 · Management $710$2,380
IX-24 Other expenses (24a–d)Programs $49,465 · Management $76,296$125,761
IX-24e All other expensesPrograms $4,108 · Management $2,944$7,052
IX-25 Total functional expensesPrograms $128,675 · Management $282,327 · Fundraising $0$411,002
Part X · Balance sheet $343,489 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $57,976$291,704
X-9 Prepaid expenses and deferred charges$16,664
X-10c Land, buildings and equipment, net$30,906
X-15 Other assets$4,215
X-16 Total assetsStart of year $147,638$343,489
X-17 Accounts payable and accrued expensesStart of year $9,038$11,529
X-18 Grants payableStart of year $45,000$104,380
X-25 Other liabilities$450,000
X-26 Total liabilitiesStart of year $68,419$565,909
X-27 Net assets without donor restrictionsStart of year $79,219−$222,420
X-32 Total net assets or fund balancesStart of year $79,219−$222,420
X-33 Total liabilities and net assetsStart of year $147,638$343,489
Part XI · Reconciliation of net assets −$222,420 net assets at year end
XI-1 Total revenue$151,566
XI-2 Total expenses$411,002
XI-3 Revenue less expenses−$259,436
XI-4 Net assets at start of year$79,219
XI-9 Other changes in net assets−$42,203
XI-10 Net assets at end of year−$222,420

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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