2024-11-16T00:18:37-05:00 2023-12-31 990PF 2023-01-01 922729279 CORAZON LATINO % ERICA RUVALCABA HEREDIA CORA 8057206091 1429 Eagle Ct Santa Maria CA 93454 ERICA RUVALCABA HEREDIA CEO 8057206091 2024-11-16 2023 2024-10-15 13:58:12Z X X 18578 X 16000 0 0 5098 16000 0 5098 2519 0 0 2519 0 0 0 0 400 0 0 400 200 0 0 200 15 0 0 15 281 0 0 281 200 0 0 200 350 0 0 350 1133 0 0 1133 5098 0 0 5098 0 0 5098 0 0 5098 10902 0 0 100 13735 13735 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4843 4843 0 0 0 100 18578 18578 0 7576 0 0 0 0 0 0 0 7576 X 100 100 0 10902 100 11002 100 18578 100 10902 11002 11002 0 0 0 0 0 0 0 0 0 0 0 0 0 false false false 0 0 0 false false false false false true CA false true false false false true www.corazonlatinocc.org EXPERT BOOKKEEPER 8056140124 1429 EAGLE CT SANTA MARIA CA 93454 false false false false false false false false false false false false false false false false false false false false false false false ERICA RUVALCABA HEREDIA 1429 Eagle Ct Santa Maria CA 93454 EXECUTIVE DIRECTOR 15.00 2519 0 0 PEDRO SOTELO MPA 1429 Eagle Ct Santa Maria CA 93454 PRESIDENT 2.00 0 0 0 ELOISA MEDINA 1429 Eagle Ct Santa Maria CA 93454 TREASURER 2.00 0 0 0 NORA VASQUEZ 1429 Eagle Ct Santa Maria CA 93454 SECRETARY 2.00 0 0 0 RICK MAYFIELD 1429 Eagle Ct Santa Maria CA 93454 DIRECTOR 2.00 0 0 0 LAURA ZARATE 1429 Eagle Ct Santa Maria CA 93454 DIRECTOR 2.00 0 0 0 KARINA SILVA GARCIA PhD 1429 Eagle Ct Santa Maria CA 93454 DIRECTOR 2.00 0 0 0 ESTELLA VAZQUEZ 1429 Eagle Ct Santa Maria CA 93454 DIRECTOR 2.00 0 0 0 NONE NONE UpLift Program - Support the Uplift Central Coast in reaching out disinvestment communities to gather information about barriers and opportunities for the local economic development demographic and real stories of the community members. 5098 13735 0 0 13735 0 0 13735 206 13529 676 X 5098 0 0 0 0 5098 2023-03-20 X 676 676 575 575 5098 5098 0 0 5098 5098 0 0 0 0 16000 16000 0 0 X 0 0 0 0 false false false false false false false false false false X X 1 ECONOMIC DEVELOPMENT COLLABORATIVE 4001 Mission Oaks Blvd Suite A 1 Camarillo CA 93012 16000 X Accounting Fees 400 0 0 400 As of December 31 2023 the foundations Net Temporarily Restricted Assets amounted to $10,902 which represent funds donated for specific charitable purposes. These funds were earmarked for use in the foundations restricted programs. During the year the foundation recognized $5,098 of revenue from temporarily restricted donations. This amount was released from restriction and was used for its designated charitable purposes resulting in $5,098 of program expenses directly aligned with the foundations mission. Cash Distributions: The foundations total qualifying distributions for the year amounted to $5,098 which were used to fund specific restricted program expenses. These expenses were necessary to carry out the foundations charitable programs and were made in cash to cover the costs incurred. $5,098 was distributed in cash as part of the foundations qualifying distributions satisfying part of the foundations minimum distribution requirement for the year. Temporarily Restricted Net Assets: The remaining $10,902 in temporarily restricted net assets will be utilized for future charitable purposes in the subsequent periods as per the donors restrictions. These funds have been set aside for specific programs and will be used in alignment with the foundations charitable mission. While the $10,902 is temporarily restricted it is important to note that this amount has not been spent as of the end of the year. It will be recognized in future periods as the foundation carries out the activities for which the funds were designated. Compliance with Cash Distribution Test: The foundations qualifying distributions primarily consisted of cash to cover restricted program expenses which were directly related to the foundations charitable mission. Although $10,902 in temporarily restricted net assets remains unspent this amount will be expended in future periods and counted as a qualifying distribution once the designated projects or programs are carried out. For the current period the foundation has met its minimum distribution requirement with the $5,098 cash distributions made to fund restricted program expenses. 2023 IS THE FIRST YEAR OF OPERATIONS A COPY WILL BE PROVIDED UPON COMPLETION OF 990-PF Telephone Expense 150 0 0 150 General Liability Ins. 496 0 0 496 D&O Insurance 278 0 0 278 Professional Ins. 153 0 0 153 Auto Insurance 56 0 0 56 Payroll Fees 200 0 0 200 Payroll Taxes 281 0 0 281