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Nonprofiteer
← MODACARES FOUNDATION INC

Form 990 for tax year 2023

Filed by MODACARES FOUNDATION INC.

Totals

Total revenue
$245,793
Total expenses
$255,524
Contributions and grants received
$245,793
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$276
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$276
Program services expenses (Part IX)
$235,804
Management and general expenses
$15,068
Fundraising expenses
$4,652
Program service expenses (Part III)
$235,804

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $245,793

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,300 · program services $1,380 · management and general $805 · fundraising $115

  • 11g · Fees: other

    total $87,503 · program services $84,483 · management and general $455 · fundraising $2,565

  • 12 · Advertising and promotion

    total $19,000 · program services $11,400 · management and general $6,650 · fundraising $950

  • 13 · Office expenses

    total $10,016 · program services $8,936 · management and general $945 · fundraising $135

  • 16 · Occupancy

    total $5,306 · program services $3,184 · management and general $1,857 · fundraising $265

  • 17 · Travel

    total $17,972 · program services $12,994 · management and general $4,356 · fundraising $622

  • 24a · Other expenses: VENUE FACILTY COST

    total $107,590 · program services $107,590

  • 24b · Other expenses: DONATIONS

    total $5,837 · program services $5,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,007 · end of year $276

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,007 · end of year $276

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO SUPPORT THE UN SUSTAINABLE DEVELOPMENT GOALS, SUPPORT WOMEN OWNED SMALL BUSINESS THROUGH MENTORSHIP ON BRAND DEVELOPMENT , ENHANCE ECONOMIC DEVELOPMENT THROUGH PARTNERSHIPS AND VISIBILITY THROUGH EVENTS, MARKETING AND PUBLIC RELATIONS AS WELL AS EDUCATE AND PROVIDE ACCESS TO INNOVATIONS FOR GREENER SUPPLY CHAINS AND DAILY LIFESTYLE UTILIZING THE POWER OF FASHION AND THE CREATIVE ARTS.

  • THE ORGANIZATION SPONSORED 2 MAIN EVENTS IN 2023 TO SUPPORT THE UN SUSTAINABLE DEVELOPMENT GOALS, SUPPORT WOMEN OWNED SMALL BUSINESS THROUGH MENTORSHIP ON BRAND DEVELOPMENT, ENHANCE ECONOMIC DEVELOPMENT THROUGH PARTNERSHIPS AND MORE VISIBILITY THROUGH SMALLER EVENTS AND GATHERINGS. THROUGH MARKETING AND PUBLIC RELATIONS WE CREATE AWARENESS AND EDUCATION AND PROVIDE ACCESS TO INNOVATIONS FOR GREENER SUPPLY CHAINS AND HEALTHIER DAILY LIFESTYLE UTILIZING THE POWER OF FASHION AND THE CREATIVE ARTS.

    Expenses $235,804

As filed on the 2023 return.

Listed in Part VII

  • Eugenia Evangelou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Evie Evangelou

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mercedes Alagna

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 November 2024
IRS schema version
2023v5.1
Source object
202403189349305935

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