Compassion and Charity Fund

EIN: 261615917 501(c)(3)

Birmingham, AL

Total Revenue
$604,373
Total Expenses
$930,418
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
Principal Officer
J Reymundo Ocanas
Phone
7138317494
Tax Period
2021-01-01 to 2021-09-30

Compassion and Charity Fund, founded in 2007, is a small nonprofit that reported $604K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $930K exceeded revenue, resulting in a 54% operating deficit.

Mission

Compassion and Charity Fund serves as a vehicle for BBVA employees to make charitable contributions to other organizations of their choice and provide financial relief to BBVA employees who may be facing a catastrophic event or personal hardship.

Program Service Accomplishments

Program 1
Expenses: $810,163

Compassion and Charity Fund enables BBVA employees to donate a portion of their earnings to qualified 501(c)(3) non profit organizations of their choice. BBVA employees can donate through a one-time...

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Compassion and Charity Fund enables BBVA employees to donate a portion of their earnings to qualified 501(c)(3) non profit organizations of their choice. BBVA employees can donate through a one-time transaction or payroll deductions through the Volunteer Connection platform.

Program 2
Expenses: $113,235

The BBVA Compassion Team Support Fund program is designed to help provide financial relief to BBVA employees who may be facing a catastrophic event or personal hardship. Eligible team members can...

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The BBVA Compassion Team Support Fund program is designed to help provide financial relief to BBVA employees who may be facing a catastrophic event or personal hardship. Eligible team members can receive up to 2 grants during their tenure with the bank, with each grant capped at $5,000 (or as otherwise determined by the BBVA Charity Board). Current BBVA employees can provide funding by making direct tax-deductible donations to BBVA Compassion. Donations are facilitated through the BBVA Volunteer Connection Platform and can be received as a one-time transaction or payroll deduction. Donations are aggregated and automatically paid on employees behalf on a monthly basis. All donations are deposited into the BBVA Compassion Account. Employees approved through the program receive a grant disbursed from the BBVA Compassion account.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $604,206
Program Service Revenue $0
Investment Income $167
Other Revenue $0
TOTAL REVENUE $604,373

Expense Breakdown

Grants Paid $923,398
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $923,398
Other Expenses $7,020
TOTAL EXPENSES $930,418

Year-over-Year Comparison

2020 2019 Change
Revenue $604,373 $1,291,865 -0.5%
Expenses $930,418 $1,153,641 -0.2%
Net Income $-326,045 $138,224 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosilyn Houston thru July Chair 1.00
Officer Director
$0 $0 $0
J Reymundo Ocanas President 1.00
Officer Director
$0 $0 $0
B Shane Clanton Director 1.00
Director
$0 $0 $0
Kevin Cunningham Director 1.00
Director
$0 $0 $0
Arlene Hernandez Director 1.00
Director
$0 $0 $0
Megan Ray Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $604,373 $930,418 No data $-326,045
2020 $1,291,865 $1,153,641 $326,045 $138,224
2019 $1,001,143 $988,272 $187,821 $12,871
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