California · Nonprofit
CLOSE THE GAP FOUNDATION
CLOSE THE GAP FOUNDATION (California) receives grants from 6 organizations whose IRS filings report $442,978 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($411,386). 4 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $58k
- Funders on record
- 6
- Grants received
- $443k
- Net assets
- $176k
What Close the Gap Foundation does
Mission
Close the Gap Foundation is a 501c3 nonprofit organization based in Sunnyvale California Founded with the vision to create an equitable future without opportunity gaps for low-income youths Close the Gap Foundation works to empower first-generation low-income FGLI students to build lifelong confidence and reach their fullest potential Close the Gap Foundations flagship program the Social Impact Fellowship is a three-month all- expenses-paid program that helps first-generation low-income high school students find mentors grow their confidence and give back Through structured mentorship and project-based learning Fellows work with mentors from renowned organizations like Amazon Apple Google Microsoft and UCSF to tackle a self-directed social impact project to pitch to a panel of industry leaders
As stated on its FY2025 Form 990-EZ.
Program
Graduates of our program have enrolled in a college or 4 year university The age group targeted is critical for students as they develop their sense of identity and start to prepare for college and their future careers Our Summer Fellowship Program is meticulously crafted to support first-generation low-income FGLI students Our approach addresses the network gap by pairing mentors and students based on similar identities and backgrounds This creates a welcoming environment for students to challenge themselves and share their stories Mentorships are structured around a set of predefined goals and skills that mentors help students develop during planned weekly one-on-ones Goals can include understanding feedback building resiliency networking interviewing and project management Mentors also guide our students as they select and execute a Social Impact Project The Social Impact Project aims to empower fellows to lead and solve problems in their own lives and communities Most FGLI students are not always given the trust or open responsibility to develop their ideas and bring them to fruition Our Fellows projects are tangible work experience and an accolade they can feature in a resume…
$11 spentof which $7 as grants100% of program spending
The program described on its FY2024 Form 990-EZ. Program spending in total: $11.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $99k to $138k (+40%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
97% of CLOSE THE GAP FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (99% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jessie Salas
Executive Director
As listed on its FY2024 Form 990-EZ.
Who funds it, year by year
2020 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $12k → $26k.
3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 98% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CLOSE THE GAP FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CLOSE THE GAP FOUNDATION leans on a few funders — its largest provides 93% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CLOSE THE GAP FOUNDATION.
Largest funder’s share by year: 2020 100% · 2021 69% · 2022 63% · 2023 70% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
98% of CLOSE THE GAP FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $9k that is directly attributable, 96% of it comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $434k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CLOSE THE GAP FOUNDATION runs a healthier operating margin than three-quarters of the 3,200 youth development nonprofits its size.
this organization peer median middle 50% of peers· 3,200 youth development nonprofits under $100k, FY2025
Organizations like CLOSE THE GAP FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for CLOSE THE GAP FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CLOSE THE GAP FOUNDATION?
- CLOSE THE GAP FOUNDATION (California) receives grants from 6 organizations whose IRS filings report $442,978 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($411,386). 4 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does CLOSE THE GAP FOUNDATION have?
- IRS filings report 6 organizations giving $442,978 in grants to CLOSE THE GAP FOUNDATION, 4 of which have funded it in more than one year.
- Who is the largest funder of CLOSE THE GAP FOUNDATION?
- AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $411,386 in grants. The full list of funders is on this page.
- How can an organization like CLOSE THE GAP FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Close the Gap →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing