Nonprofit · EIN 20-8993652
MISSION ASSET FUND
Tax-exempt · SAN FRANCISCO, CA 94110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,705,660 | $12,709,815 | -$3,004,155 | $26,969,177 | $1,816,178 | $25,152,999 |
| December 31, 2023 | 990 (amended) | $8,886,025 | $20,173,222 | -$11,287,197 | $31,396,965 | $3,633,682 | $27,763,283 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,472,081
- of which government grants
- $1,885,771
- Program service revenue
- $273,393
- Investment income
- $954,994
- Net gain from sales of assets
- $151,120
- Other revenue
- $5,192
Expenses
- Grants and similar amounts paid
- $3,390,073
- Compensation of officers, directors and key employees
- $1,186,434
- Other salaries and wages
- $3,766,952
- Salaries, compensation and benefits (total)
- $6,149,172
- Professional fundraising fees
- $0
- Legal fees
- $24,355
- Accounting fees
- $98,899
- Occupancy
- $212,288
- Travel
- $91,267
- Depreciation
- $179,578
- Program services (functional)
- $11,123,928
- Management and general (functional)
- $1,091,653
- Fundraising (functional)
- $494,234
Balance sheet and other
- Total assets, start of year
- $31,396,965
- Total assets, end of year
- $26,969,177
- Total liabilities, end of year
- $1,816,178
- Net assets, end of year
- $25,152,999
- Land, buildings and equipment
- $13,239
- Publicly traded securities
- $20,293,448
- Net assets without donor restrictions
- $22,002,198
- Net assets with donor restrictions
- $3,150,801
- Gross receipts
- $37,391,410
- Employees
- 43
- Volunteers
- 14
- Year formed
- 2007
- 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 | Other / benefits |
|---|---|---|---|---|
| JOSE QUINONEZ | FOUNDER & CEO Officer | 40 | $346,853 | $51,348 |
| DANIELA SALAS | CO-FOUNDER & COO Officer | 40 | $320,721 | $56,240 |
| JOANNA CORTEZ HERNANDEZ | CHIEF INNOVATIONS OFFICER Key employee | 40 | $209,230 | $24,166 |
| HELENA SANCHEZ-SILVA GARIJO | PROGRAMS DIRECTOR Highest-paid employee | 40 | $166,142 | $21,931 |
| DORIS VASQUEZ CLAVEL | PROGRAMS MANAGER Highest-paid employee | 40 | $150,138 | $30,348 |
| MACKENZIE GARCIA-FAZENBAKER | FINANCE & COMPLIANCE DIRECTOR Officer | 40 | $142,268 | $35,608 |
| ARVIND BALA | R&D DIRECTOR Highest-paid employee | 40 | $157,412 | $19,575 |
| EFRAIN SEGUNDO | PARTNERSHIPS DIRECTOR Highest-paid employee | 40 | $146,590 | $21,026 |
| JENNIFER BROOKS | FOUNDER & CEO - THE NURTURE BUSINESS Highest-paid employee | 40 | $153,883 | $7,869 |
| DAVE KRIMM | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH IRONS SEEM | BOARD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEPHAN WALDSTROM | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SAGAR SHAH | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JORGE BLANDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MONICA ISSAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL LAU | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA LEGGETT | BOARD MEMBER Trustee or director | 1 | $0 |
| ASH MCNEELY | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNA STUHLDREHER | BOARD MEMBER Trustee or director | 1 | $0 |
| SALVADOR TORRES | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSE QUINONEZ | FOUNDER & CEO Officer | 40 | $255,349 | $50,263 |
| DANIELA SALAS | CO-FOUNDER & COO Officer | 40 | $231,414 | $51,750 |
| JOANNA CORTEZ HERNANDEZ | ADVOCACY & ENGAGEMENT DIRECTOR Highest-paid employee | 40 | $157,134 | $20,214 |
| HELENA SANCHEZ-SILVA GARIJO | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $152,256 | $19,887 |
| DORIS VASQUEZ | PROGRAMS MANAGER Highest-paid employee | 40 | $134,899 | $28,464 |
| JENNIFER BROOKS | NURTURE CEO Highest-paid employee | 40 | $154,446 | $8,626 |
| ANGELA HEDGES | DIRECTOR OF PRODUCT Highest-paid employee | 40 | $139,353 | $23,008 |
| BINIAM HAILE | FINANCE DIRECTOR THROUGH 8/2023 Officer | 40 | $116,293 | $19,338 |
| MACKENZIE GARCIA-FAZENBAKER | FIN & COMPLIANCE DIR START 10/2023 Officer | 40 | $101,603 | $24,215 |
| DAVE KRIMM | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH IRONS SEEM | BOARD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEPHAN WALDSTROM | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SAGAR SHAH | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JORGE BLANDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MONICA ISSAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANIEL LAU | BOARD MEMBER START 9/2023 Trustee or director | 1 | $0 | $0 |
| JESSICA LEGGETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASH MCNEELY | BOARD MEMBER START 9/2023 Trustee or director | 1 | $0 | $0 |
| AQUILINA SORIANO | BOARD MEMBER THROUGH 12/2023 Trustee or director | 1 | $0 | $0 |
| SALVADOR TORRES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3269 MISSION ST, SAN FRANCISCO, CA 94110-5006
- In care of
- % JOSE QUINONEZ
- Principal officer (990 for 2024)
- JOSE QUINONEZ, 3269 MISSION STREET, SAN FRANCISCO, CA 94110
- Signed the 990
- JOSE QUINONEZ, CEO
- Phone
- (888) 274-4808
- Website
- WWW.MISSIONASSETFUND.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 20-8993652 or by the name MISSION ASSET FUND.
- 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
TO HELP PEOPLE BECOME VISIBLE, ACTIVE, AND SUCCESSFUL IN THEIR FINANCIAL LIVES.
Program accomplishments
- RECOVERY PROGRAM - THE ORGANIZATION LAUNCHED AN UNPARALLELED INITIATIVE SUPPORTING THE FINANCIAL RECOVERY OF IMMIGRANT FAMILIES EXCLUDED FROM FEDERAL COVID-19 RELIEF. TO SUPPORT LONG-TERM FINANCIAL RECOVERY, THE ORGANIZATION LAUNCHED THE IMMIGRANT FAMILIES RECOVERY PROGRAM--A $30 MILLION INITIATIVE PROVIDING GUARANTEED MONTHLY INCOME OF $400 FOR UP TO 24 MONTHS TO 3,000 IMMIGRANT FAMILIES. DESIGNED TO HELP FAMILIES STABILIZE AND REBUILD, THE PROGRAM GOES BEYOND CASH SUPPORT BY INCLUDING ACCESS TO CREDIT-BUILDING PRODUCTS, FINANCIAL EDUCATION, ONE-ON-ONE FINANCIAL COACHING, AND SELF-ADVOCACY TRAINING. THIS HOLISTIC APPROACH ENSURES PARTICIPANTS HAVE THE TOOLS AND RESOURCES TO RECOVER AND THRIVE.Expenses $3,084,483 · grants $3,213,573
- BUSINESS MICROLOANS - BUILDING ON THE LENDING CIRCLES MODEL, THE ORGANIZATION LAUNCHED A BUSINESS MICROLOAN PROGRAM IN 2012 TO PROVIDE ZERO-INTEREST, CREDIT-BUILDING CAPITAL TO ENTREPRENEURS AND MICROBUSINESS OWNERS IN THE BAY AREA. ORIGINALLY DESIGNED FOR LENDING CIRCLES GRADUATES, THE PROGRAM HAS EVOLVED TO SERVE ASPIRING AND EXISTING ENTREPRENEURS ACROSS CALIFORNIA, REGARDLESS OF PRIOR PARTICIPATION. THROUGH BUSINESS-SPECIFIC TECHNICAL ASSISTANCE, FINANCIAL COACHING, AND LOANS OF UP TO $2,500, PARTICIPANTS RECEIVE THE TOOLS AND RESOURCES NEEDED TO INVEST IN AND GROW THEIR BUSINESSES. PROGRAM SERVICES ARE ALSO OFFERED THROUGH MYMAF, THE ORGANIZATION'S MOBILE APP, WHICH PROVIDES DIGITAL ACCESS TO FINANCIAL EDUCATION AND COACHING.Expenses $2,838,488
- IMMIGRATION LOANS - IN 2017, THE ORGANIZATION EXPANDED ITS PROGRAM OFFERINGS TO INCLUDE A ZERO-INTEREST IMMIGRATION LOAN PROGRAM AND SCHOLARSHIPS TO HELP INDIVIDUALS COVER THE COST OF KEY IMMIGRATION PROCESSES, SUCH AS CITIZENSHIP, DACA, AND GREEN CARD APPLICATIONS. TO MEET THE EVOLVING NEEDS OF IMMIGRANT COMMUNITIES, THE PROGRAM NOW OFFERS A SLIDING SCALE OF CREDIT-BUILDING LOANS, AS WELL AS PARTIAL AND FULL GRANTS TO COVER FEES FOR SEVEN USCIS APPLICATION TYPES. LOAN FLEXIBILITY AND SUPPORT SERVICES ARE CORE TO ENSURING PARTICIPANTS CAN PURSUE IMMIGRATION RELIEF WITHOUT SACRIFICING FINANCIAL STABILITY.Expenses $2,243,144
- LENDING CIRCLES - LAUNCHED IN 2008, THE LENDING CIRCLES SOCIAL LOAN PROGRAM IS ROOTED IN THE GLOBAL TRADITION OF GROUP LENDING AND DESIGNED TO HELP LOW-INCOME FAMILIES BUILD CREDIT, REDUCE DEBT, AND STRENGTHEN THEIR FINANCIAL SECURITY. DELIVERED IN PARTNERSHIP WITH A NATIONWIDE NETWORK OF NONPROFIT ORGANIZATIONS, THE PROGRAM OPERATES BOTH THROUGH DIRECT SERVICES IN CALIFORNIA AND ACROSS THE U.S. LENDING CIRCLES ARE PAIRED WITH TIMELY, ACTIONABLE, AND CULTURALLY RELEVANT FINANCIAL EDUCATION. RECOGNIZED FOR ITS INNOVATION AND IMPACT, THE PROGRAM HAS HELPED THOUSANDS OF PARTICIPANTS ACCESS SAFE, AFFORDABLE CAPITAL AND SUCCESSFULLY INTEGRATE INTO THE U.S. FINANCIAL SYSTEM.EMERGENCY GRANTS - THE ORGANIZATION CREATED A NATIONAL FINANCIAL RELIEF INITIATIVE TO PROVIDE DIRECT CASH ASSISTANCE TO LOW-WAGE WORKERS, CALIFORNIA PUBLIC COLLEGE STUDENTS, AND IMMIGRANT FAMILIES EXCLUDED FROM TRADITIONAL SAFETY NETS. RATHER THAN RELYING ON FIRST-COME, FIRST-SERVED OR LOTTERY SYSTEMS, THE ORGANIZATION DEVELOPED A FINANCIAL EQUITY FRAMEWORK TO EQUITABLY DISTRIBUTE RESOURCES TO THOSE FACING THE GREATEST HARDSHIP. OVER AN 18-MONTH PERIOD, MORE THAN 65,000 GRANTS TOTALING $40 MILLION WERE DISBURSED. IN ADDITION, THE ORGANIZATION LAUNCHED RESOURCES FINDER, AN ONLINE TOOL THAT HELPS INDIVIDUALS IDENTIFY AND ACCESS RELEVANT FINANCIAL SUPPORT AND SERVICES.Expenses $2,957,813 · grants $176,500 · revenue $273,393
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
- 20-8993652
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $26,969,177
- Income (IRS master file)
- $37,391,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,705,660 | $12,709,815 | $26,969,177 | XML |
| 990 | December 2023 | $8,886,025 | $20,173,222 | $31,396,965 | XML |
| 990 | December 2022 | $9,021,043 | $20,000,045 | $43,085,680 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 20-8993652).
Questions about MISSION ASSET FUND
- What is the EIN of MISSION ASSET FUND?
- The employer identification number (EIN) of MISSION ASSET FUND is 20-8993652.
- Is MISSION ASSET FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to MISSION ASSET FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MISSION ASSET FUND 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 MISSION ASSET FUND 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 MISSION ASSET FUND 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 MISSION ASSET FUND?
- The 990 for the year ended December 31, 2024 names JOSE QUINONEZ.
- Who are the officers and directors of MISSION ASSET FUND?
- The 990 for the year ended December 31, 2024 lists 20 people; 9 received compensation from the organization, the highest $346,853 (JOSE QUINONEZ, FOUNDER & CEO).
- How much revenue does MISSION ASSET FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,705,660, expenses of $12,709,815 and total assets of $26,969,177 at year end.
Other nonprofits in SAN FRANCISCO
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- SAN FRANCISCO TOURISM IMPROVEMENT DISTRICT MANAGEMENT CORPORATION EIN 26-4814856 · last filed 990 for 2025
- MID-MARKET FOUNDATION EIN 85-0892059 · last filed 990 for 2024
- COMMUNITY VISION CAPITAL & CONSULTING EIN 94-3032394 · last filed 990 for 2025
- HORIZONS FOUNDATION EIN 94-2686530 · last filed 990 for 2025
- ASPIRATION EIN 91-2106274 · last filed 990 for 2025
All nonprofits in SAN FRANCISCO · California · Community improvement and capacity building