Cardenas Markets Foundation
Prepare for and run an annual golf tournament to raise public donations with the purpose of expanding access to higher education, support programs that provide health services, support hunger relief efforts and support children's well being programs.
Cardenas Markets Foundation at a glance
In short: Cardenas Markets Foundation gave $347K across 8 grants in 2024 (avg $43K), mostly in Tennessee. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $346,549
- +91.5% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $43,319
- +91.5% vs 2023
- Median grant
- $18,290
- Total assets
- $769,332
- +10.0% vs 2023
- Primary geography
- Tennessee (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Cardenas Markets Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was International Scholarship and Tuiti ($195K). Together the top 8 received $347K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 38 grants of 46 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Cardenas Markets Foundation gives
- Giving grew 68% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $181K (2023) to $428K (2020). In 2024 it made 8 grants totaling $347K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| International Scholarship and Tuiti Nashville, TN | — | $195,000 |
| Olive Crest Riverside, CA | — | $65,469 |
| American Heart Association Dallas, TX | — | $25,000 |
| CGA Educational Foundation Sacramento, CA | Scholarship | $24,580 |
| Phoenix Children's Hospital Phoenix, AZ | Children Well Being | $12,000 |
| American Red Cross NW Washington, DC | — | $10,000 |
| City of Ontario Recreation and Comm Ontario, CA | — | $7,500 |
| UCSF Benioff Children's Hospital Fo Oakland, CA | — | $7,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $769,332 | $773,670 | $696,996 | $346,549 | 8 | $31,364 |
| 2023 | $699,569 | $630,963 | $694,792 | $180,949 | 8 | $13,081 |
| 2022 | $752,103 | $565,095 | $620,700 | $288,360 | 10 | — |
| 2021 | $807,892 | $508,295 | $469,361 | $206,730 | 4 | — |
| 2020 | $768,774 | $185,130 | $659,362 | $427,649 | 16 | — |
About Cardenas Markets Foundation
Based on IRS filings
Cardenas Markets Foundation is a public charity focused on Education, based in Ontario, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $769K in total assets. In 2024, it awarded 8 grants totaling $347K. Net investment income was $31K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Cardenas Markets Foundation is led by Adam Salgado, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Adam Salgado
President
On filings since 2020
10 hrs/week
No compensation reported
Leticia Espinoza
Board Member
On filings since 2020
10 hrs/week
No compensation reported
Marisa Kutansky
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Jason Tran
Treasurer
On filings since 2021
10 hrs/week
No compensation reported
Prabash Coswatte
Board Member
On filings since 2021
10 hrs/week
No compensation reported
Suzy Monford
Board Member
New on the 2024 filing
10 hrs/week
No compensation reported
Former officers (6)
- Former: Doug Sanders (2020–2023) — Board Member
- Former: Eric Stover (2021–2023) — Board Member
- Former: Hilda Viernes (2020–2021) — Board Member
- Former: Grace Chiu (2020) — Treasurer
- Former: Marco A. Robles (2020) — Board Member
- Former: Steve Harding (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cardenas Markets Foundation
How much does Cardenas Markets Foundation give each year?
Cardenas Markets Foundation gave $347K across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $181K across 8 grants.
What is Cardenas Markets Foundation's typical grant size?
Cardenas Markets Foundation's median grant in 2024 was $18,290, and its average grant was $43,319, across 8 grants on its 2024 IRS Form 990.
Where does Cardenas Markets Foundation give grants?
Cardenas Markets Foundation gives mostly in Tennessee: 56% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were California (30%) and Texas (7%).
Who are Cardenas Markets Foundation's largest grantees?
Cardenas Markets Foundation's largest 2024 grantees include International Scholarship and Tuiti ($195,000), Olive Crest ($65,469) and American Heart Association ($25,000), according to its 2024 IRS Form 990. Together they received 82% of its itemized 2024 grant dollars.
How large is Cardenas Markets Foundation?
Cardenas Markets Foundation reported $769K in total assets on its 2024 IRS Form 990. Its revenue that year was $774K.
What is Cardenas Markets Foundation?
Cardenas Markets Foundation is a public charity focused on Education, based in Ontario, CA. It holds $769K in total assets as of 2024.
What is Cardenas Markets Foundation's EIN?
Cardenas Markets Foundation's EIN (Employer Identification Number) is 71-0977935. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 30, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 23, 2025)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Cardenas Markets Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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