Nonprofit · EIN 85-2650889
VIDA VALIENTE FOUNDATION
Tax-exempt · SAN CLEMENTE, CA 92672
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,036,386 | $744,376 | $292,010 | $2,245,219 | $772,211 | $1,473,008 |
| December 31, 2023 | 990 | $305,251 | $431,957 | -$126,706 | $1,618,244 | $437,246 | $1,180,998 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,196,395
- Program service revenue
- $0
- Investment income
- $63,918
- Net income from fundraising events
- -$223,927
- Other revenue
- -$223,927
Expenses
- Grants and similar amounts paid
- $614,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,227
- Program services (functional)
- $689,180
- Management and general (functional)
- $55,196
Balance sheet and other
- Total assets, start of year
- $1,618,244
- Total assets, end of year
- $2,245,219
- Total liabilities, end of year
- $772,211
- Net assets, end of year
- $1,473,008
- Land, buildings and equipment
- $3,733
- Publicly traded securities
- $700,000
- Net assets without donor restrictions
- $1,473,008
- Gross receipts
- $1,697,593
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susana Drumwright | CEO Trustee or director, Officer | 5 | $0 |
| Hayes Drumwright | CFO Trustee or director, Officer | 5 | $0 |
| Sam Kaplan | Director Trustee or director | 0.15 | $0 |
| Adriel Lares | Director Trustee or director | 0.15 | $0 |
| Ruben Navarro | Director Trustee or director | 0.15 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susana Drumwright | CEO Trustee or director, Officer | 5 | $0 |
| Hayes Drumwright | CFO Trustee or director, Officer | 5 | $0 |
| Sam Kaplan | Director Trustee or director | 0.15 | $0 |
| Adriel Lares | Director Trustee or director | 0.15 | $0 |
| Ruben Navarro | Director Trustee or director | 0.15 | $0 |
Address and contacts
- Address (IRS master file)
- 16 CALLE AMENO, SAN CLEMENTE, CA 92672-2366
- In care of
- % GINA CARTE
- Mailing address (990-N for 2020)
- 16 Calle Ameno, San Clemente CA 92672
- Principal officer (990 for 2024)
- HAYES DRUMWRIGHT, 16 Calle Ameno, San Clemente, CA 92672
- Principal officer (990-N for 2020)
- Susana Drumwright, 16 Calle Ameno, San Clemente CA 92672
- Signed the 990
- HAYES DRUMWRIGHT, CFO
- Phone
- (212) 751-9100
- Return prepared by
- WITHUMSMITHBROWN PC
California records
California keeps its own records of charities and corporations. Search them by EIN 85-2650889 or by the name VIDA VALIENTE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
VIDA VALIENTE IS ALL ABOUT PERSEVERANCE, RESILIENCE, AND THE BRAVERY IT TAKES TO BE THE FIRST TO DIVE INTO UNCHARTED TERRITORY. THE VIDA VALIENTE FOUNDATION SUPPORTS FIRST-GENERATION STUDENTS WHO HAVE WORKED HARD TO GET THEMSELVES THROUGH SCHOOL, BUT WHO COULD BENEFIT FROM LEADERSHIP FROM ROLE MODELS WHO GREW UP IN SIMILAR LOW-INCOME BACKGROUNDS. THE FOUNDATION PLEDGES TO SUPPORT 25 STUDENTS A YEAR, FOR THE ENTIRE FOUR YEARS OF THEIR ACADEMIC JOURNEY. THE SCHOLARS THE FOUNDATION SUPPORTS HAVE A GREAT DEAL TO OVERCOME. 90% OF FIRST GENERATION LOW INCOME STUDENTS IN THE UNITED STATES TAKE OVER 6 YEARS TO GRADUATE. 33% DROP OUT AFTER THREE YEARS. BETWEEN COURSES, JOBS, A LACK OF LEADERSHIP, AND THE SHEER OVERWHELMINGNESS OF LEAVING HOME FOR THE FIRST TIME, IT IS A WONDER EVEN 10% OF THESE KIDS MAKE IT. THE VIDA VALIENTE FOUNDATION IS EQUIPPED TO GIVE THESE STUDENTS THE CONFIDENCE, GRACE AND SKILLS TO CONVERT THEIR PROVEN WORK ETHIC INTO THEIR OWN SUCCESS STORIES.
Program accomplishments
- SUPPORTING FIRST-GENERATION STUDENTS THROUGH LEADERSHIP AND SCHOLARSHIP. Our program is a combination of last-dollar scholarships for four years of college as well as a built-in leadership program established to support students as they navigate through the valleys and summits of their collegiate journey.Expenses $689,180 · grants $614,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2650889
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,245,219
- Income (IRS master file)
- $1,697,593
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,036,386 | $744,376 | $2,245,219 | XML |
| 990 | December 2023 | $305,251 | $431,957 | $1,618,244 | XML |
| 990 | December 2022 | $580,737 | $183,431 | $1,308,348 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Susana Drumwright | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2650889).
Questions about VIDA VALIENTE FOUNDATION
- What is the EIN of VIDA VALIENTE FOUNDATION?
- The employer identification number (EIN) of VIDA VALIENTE FOUNDATION is 85-2650889.
- Is VIDA VALIENTE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to VIDA VALIENTE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIDA VALIENTE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIDA VALIENTE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIDA VALIENTE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIDA VALIENTE FOUNDATION?
- The 990 for the year ended December 31, 2024 names HAYES DRUMWRIGHT.
- Who are the officers and directors of VIDA VALIENTE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does VIDA VALIENTE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,036,386, expenses of $744,376 and total assets of $2,245,219 at year end.
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