Overview
What is Mission Asset Fund?
Mission Asset Fund is a nonprofit organization situated in San Francisco, California. Their primary objective is to assist immigrants and low-income individuals in enhancing their financial capabilities across the United States. During the COVID-19 pandemic, they established the COVID-19 Rapid Response Fund, a national financial relief fund providing direct cash assistance to eligible individuals, such as low-wage workers, California public college students, and immigrant families excluded from federal support. Rather than relying on first-come, first-served or lottery systems that may disadvantage those with better resources, they implemented a financial equity framework to direct resources to those experiencing the most significant financial hardship. Over an 18-month period, they disbursed over 65,000 grants worth $40 million. Additionally, they launched Resources Finder, an online tool to connect individuals with relevant resources they may be eligible for. Mission Asset Fund aims to help people become visible, active, and successful in their financial lives.
Official website here: www.missionassetfund.org
Is Mission Asset Fund legitimate?
Mission Asset Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Asset Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $758,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,688,070
For more financial information, click here
Official website here: www.missionassetfund.org
What is the mission statement of Mission Asset Fund?
The Mission Asset Fund's mission is centered around helping immigrants and low-income individuals improve their financial capabilities across the United States. Their objective is to assist people in becoming visible, active, and successful in their financial lives. In response to the COVID-19 pandemic, they established the COVID-19 Rapid Response Fund, a nationwide financial relief fund providing direct cash assistance to various groups, including low-wage workers, California public college students, and immigrant families excluded from federal support. Instead of distributing grants through a first-come, first-served basis or lottery systems, which can exacerbate inequality, they developed a financial equity framework to direct resources to those facing the greatest financial hardship. Over an 18-month period, the organization disbursed over 65,000 grants totaling $40 million in direct relief. Furthermore, they established Resources Finder, a new online tool to match individuals with relevant resources they may be eligible for.
Official website here: www.missionassetfund.org
Who is the CEO of Mission Asset Fund?
Jose Quinonez is the Founder & Ceo of Mission Asset Fund. The CEO's salary of Mission Asset Fund is $153,561 and their total compensation is $162,217.
Official website here: www.missionassetfund.org
What is the revenue of Mission Asset Fund?
Mission Asset Fund's revenue in 2022 was $9,021,043.
Official website here: www.missionassetfund.org
Who are the executives of Mission Asset Fund and what are their salaries?
The average compensation at Mission Asset Fund during 2022 was $89,292. There are 61 employees and 54 volunteers at Mission Asset Fund.
Here are 18 key members and their salaries (Mission Asset Fund's CEO's salary is $153,561 and their total compensation is $162,217):
- Jose Quinonez (Founder & Ceo)
- Daniela Salas (Co-Founder & Coo)
- Biniam Haile (Finance Director)
- Jennifer Brooks (Nurture Ceo)
- Joanna Cortez Hernandez (Advocacy & Engagement Director)
- Elena Fairley (Director Of Programs)
- Doris Vasquez (Senior Client Success Manager)
- Emily Burchfield (Director Of Hr & Operations)
- Dave Krimm (Board President) [Trustee/Director]
- Elizabeth Irons Seem (Board Vice President) [Trustee/Director]
- Stephan Waldstrom (Board Secretary) [Trustee/Director]
- Sagar Shah (Board Treasurer) [Trustee/Director]
- Laura Arce (Board Member Through 6/2022) [Trustee/Director]
- Jorge Blandon (Board Member) [Trustee/Director]
- Monica Issar (Board Member Start 12/2022) [Trustee/Director]
- Jessica Leggett (Board Member) [Trustee/Director]
- Aquilina Soriano (Board Member) [Trustee/Director]
- Salvador Torres (Board Member) [Trustee/Director]
Official website here: www.missionassetfund.org
Where can I find the form 990 for Mission Asset Fund?
The Mission Asset Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.missionassetfund.org
Learn more at the official website: www.missionassetfund.org
Mission Statement of Mission Asset Fund
Mission Asset Fund, a nonprofit organization, is committed to improving the financial capabilities of immigrants and low-income individuals across the United States. Their mission is to help individuals become visible, active, and successful in their financial lives. In pursuit of this goal, the organization takes a unique approach. Instead of relying on first-come, first-served or lottery systems to distribute emergency grants, which can exacerbate inequality, Mission Asset Fund employs a financial equity framework. This framework ensures that resources are directed towards those who are facing the most significant financial hardships.
During the COVID-19 pandemic, Mission Asset Fund demonstrated its commitment to this mission by establishing the COVID-19 Rapid Response Fund. This nationwide financial relief fund provided direct cash assistance to low-wage workers, California public college students, and immigrant families excluded from federal support. Over an 18-month period, the organization disbursed over 65,000 grants totaling $40 million in direct relief. Beyond grants, Mission Asset Fund also introduced Resources Finder, a new online tool to connect individuals with relevant resources they may be eligible for. This comprehensive approach to financial assistance and resource allocation reflects Mission Asset Fund's dedication to helping its target population improve their financial standing.
Impact
This information is meant to be a general summary of Mission Asset Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Mission Asset Fund's impact is significant in helping immigrants and low-income individuals across the United States improve their financial capabilities. In 2020, the organization created the COVID-19 Rapid Response Fund, providing direct cash assistance to low-wage workers, California public college students, and immigrant families excluded from federal support. Rather than using first-come, first-served or lottery systems, Mission Asset Fund developed a financial equity framework to direct resources to those facing the greatest financial hardship. Over 18 months, they disbursed over 65,000 grants totaling $40 million in direct relief. Additionally, the organization established Resources Finder, an online tool to match people with relevant resources they may be eligible for. Its work is helping people become visible, active, and successful in their financial lives.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE & LICENSE FEES
Revenue
$183,625
CONFERENCE, SEMINARS, & OTHER
Revenue
$69,728
Organization Details
Founding Year
2007
Phone
(888) 274-4808
Principal Officer
Jose Quinonez
Main Address
3269 MISSION STREET, SAN FRANCISCO, CA, 94110
Website
www.missionassetfund.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Mission Asset Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.