MISSION ASSET FUND Charity Report

Public IRS 990 nonprofit record

MISSION ASSET FUND

EIN 20-8993652 · Urban & Community Economic Development (S31)

What they do

HELPING PEOPLE BECOME VISIBLE, ACTIVE, and SUCCESSFUL IN THEIR FINANCIAL LIVES BY EXPANDING ACCESS to RESPONSIBLE FINANCIAL PRODUCTS for LOW-INCOME and IMMIGRANT COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

114.61%of revenue went to mission work87.5% of expenses · Program services

5.09%of revenue went to fundraising3.9% of expenses

$130.95spent for every $100 of revenueSpending was higher than revenue this year.

11.25%of revenue went to management and office costs8.6% of expenses

$2.12in assets for every $1 spent this yearSome assets cannot be spent right away.

87.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,004,155 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $398,201 for JOSE QUINONEZ (FOUNDER & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,705,660

Mission workProgram services$11,123,928114.61% of revenue87.5% of expenses

ManagementOffice and general costs$1,091,65311.25% of revenue8.6% of expenses

FundraisingAsking for donations$494,2345.09% of revenue3.9% of expenses

Total expenses$12,709,815130.95% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.5% mission · 8.6% management · 3.9% fundraisingTotal expenses: 130.95% of revenue

2023Expense mix: 91.5% mission · 5.6% management · 2.9% fundraisingTotal expenses: 227.02% of revenue

2022Expense mix: 92.3% mission · 4.7% management · 2.9% fundraisingTotal expenses: 221.70% of revenue

2021Expense mix: 95.1% mission · 3.0% management · 1.9% fundraisingTotal expenses: 37.54% of revenue

2020Expense mix: 97.8% mission · 1.3% management · 0.9% fundraisingTotal expenses: 80.32% of revenue

2019Expense mix: 84.7% mission · 9.5% management · 5.8% fundraisingTotal expenses: 73.26% of revenue

2018Expense mix: 84.8% mission · 8.3% management · 6.9% fundraisingTotal expenses: 78.72% of revenue

2017Expense mix: 85.7% mission · 8.5% management · 5.8% fundraisingTotal expenses: 70.82% of revenue

Money in and money out

Revenue$9,705,660

Expenses$12,709,815

Annual shortfall $3,004,155 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,123,928 · 87.5% of expenses

Management and office costs$1,091,653 · 8.6% of expenses

Fundraising$494,234 · 3.9% of expenses

See all reported dollar amounts

Revenue$9,705,660

Expenses$12,709,815

Assets$26,969,177

Income$37,391,410

Contributions$8,472,081

Mission work (program services)$11,123,928

Fundraising$494,234

Management and general$1,091,653

Executive compensation (total)$422,439

Stocks and bonds$20,293,448

Accounting fees$98,899

Investing fees$46,239

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOSE QUINONEZFOUNDER & CEO · 40 hrs/week $398,201Base $346,853 · Other $51,348

DANIELA SALASCO-FOUNDER & COO · 40 hrs/week $376,961Base $320,721 · Other $56,240

JOANNA CORTEZ HERNANDEZCHIEF INNOVATIONS OFFICER · 40 hrs/week $233,396Base $209,230 · Other $24,166

HELENA SANCHEZ-SILVA GARIJOPROGRAMS DIRECTOR · 40 hrs/week $188,073Base $166,142 · Other $21,931

DORIS VASQUEZ CLAVELPROGRAMS MANAGER · 40 hrs/week $180,486Base $150,138 · Other $30,348

MACKENZIE GARCIA-FAZENBAKERFINANCE & COMPLIANCE DIRECTOR · 40 hrs/week $177,876Base $142,268 · Other $35,608

ARVIND BALAR&D DIRECTOR · 40 hrs/week $176,987Base $157,412 · Other $19,575

EFRAIN SEGUNDOPARTNERSHIPS DIRECTOR · 40 hrs/week $167,616Base $146,590 · Other $21,026

JENNIFER BROOKSFOUNDER & CEO - THE NURTURE BUSINESS · 40 hrs/week $161,752Base $153,883 · Other $7,869

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

JOSE QUINONEZFOUNDER & CEO

DANIELA SALASCO-FOUNDER & COO

JOANNA CORTEZ HERNANDEZCHIEF INNOVATIONS OFFICER

HELENA SANCHEZ-SILVA GARIJOPROGRAMS DIRECTOR

DORIS VASQUEZ CLAVELPROGRAMS MANAGER

MACKENZIE GARCIA-FAZENBAKERFINANCE & COMPLIANCE DIRECTOR

ARVIND BALAR&D DIRECTOR

EFRAIN SEGUNDOPARTNERSHIPS DIRECTOR

JENNIFER BROOKSFOUNDER & CEO - THE NURTURE BUSINESS

ELIZABETH IRONS SEEMBOARD VICE PRESIDENT

ANNA STUHLDREHERBOARD MEMBER

JESSICA LEGGETTBOARD MEMBER

DAVE KRIMMBOARD PRESIDENT

JORGE BLANDONBOARD MEMBER

DANIEL LAUBOARD MEMBER

ASH MCNEELYBOARD MEMBER

MONICA ISSARBOARD MEMBER

SAGAR SHAHBOARD TREASURER

SALVADOR TORRESBOARD MEMBER

STEPHAN WALDSTROMBOARD SECRETARY

About this charity

Recognized since: January 2008
Location: 3269 MISSION STREET, SAN FRANCISCO, CA 94110
County: City and County of San Francisco
In care of: JOSE QUINONEZ
Primary officer: JOSE QUINONEZ, CEO

How to reach them

WebsiteVisit the charity’s website Phone(888) 274-4808

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Urban & Community Economic Development (S31)
IRS tax category: Urban & Community Economic Development