Form 990 for tax year 2023

Filed by SAN MIGUEL COMMUNITY FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $1,895,757 changed to $1,591,167
Total expenses: $869,531 changed to $838,764
Contributions and grants received: $1,106,459 changed to $801,869
Grants paid: $824,766 changed to $794,949
Total assets, end of year: $8,255,747 changed to $8,035,909
Net assets or fund balances, end of year: $8,255,747 changed to $8,035,909
Program services expenses: $838,478 changed to $808,375
Management and general expenses: $9,610 changed to $9,420
Fundraising expenses: $21,443 changed to $20,969
Program service expenses (Part III): $838,478 changed to $808,375

Totals

Total revenue: $1,591,167
Total expenses: $838,764
Contributions and grants received: $801,869
Grants paid: $794,949
Program service revenue: $0
Investment income: $789,298
Other revenue: $0
Total assets, end of year: $8,035,909
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $8,035,909
Program services expenses (Part IX): $808,375
Management and general expenses: $9,420
Fundraising expenses: $20,969
Program service expenses (Part III): $808,375

Program services were 96.4% 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

$801,869
3 · Investment income

total $789,298 · related or exempt $43,321 · excluded $745,977

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $794,949 · program services $794,949
7 · Other salaries and wages

total $22,162 · program services $6,649 · management and general $4,432 · fundraising $11,081
10 · Payroll taxes

total $7,218 · program services $2,165 · management and general $1,444 · fundraising $3,609
13 · Office expenses

total $8,268 · program services $2,480 · management and general $1,654 · fundraising $4,134
24a · Other expenses: BANK & OTHER FEES

total $5,289 · program services $2,115 · management and general $1,058 · fundraising $2,116
24b · Other expenses: FOREIGN TAX - INVESTMENTS

total $551 · management and general $551
24c · Other expenses: LEGAL FEES

total $270 · management and general $270
24d · Other expenses: OTHER EXPENSE

total $57 · program services $17 · management and general $11 · fundraising $29

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $220,596 · end of year $239,976
2 · Savings and temporary cash investments

beginning of year $17,652
7 · Other notes and loans receivable

beginning of year $4,668 · end of year $4,668
10a · Land, buildings and equipment: cost or other basis

$87,376
10c · Land, buildings and equipment, net

beginning of year $87,376 · end of year $87,376
11 · Investments: publicly traded securities

beginning of year $5,644,921 · end of year $7,703,889
31 · Retained earnings, endowment or other funds

beginning of year $5,975,213 · end of year $8,035,909

Mission and programs · 2023

Mission

Activities or mission (Part I)

SAN MIGUEL COMMUNITY FOUNDATION (SMCF) GRANTS CHARITABLE FUNDS FOR THE BENEFIT OF SAN MIGUEL DE ALLENDE'S MOST NEEDY NON-PROFIT MEXICAN CHARITIES. OVER 47 CHARITIES WERE GIVEN GRANTS ALMOST ALL WITH MEXICAN ASSOCIATION. WE PASSTHROUGH DONATIONS FOR CIVIL ASSOCIATIONS IN MEXICO WITH A CHARGE FEE OF 5%. THANK YOU TO AN ENDOWMENT FUND DONATED FROM TOM MCMULLIN SINCE 2002 WE ARE ABLE TO GIVE GRANTS TO THE CIVIL ASSOCIATIONS UNDER SPECIFIC PROJECTS.

DURING 2023, WE RAISED FUNDS & SERVED OVER 30 CHARITABLE ORGANIZATIONS IN MEXICO SUPPORTING THE SAN MIGUEL DE ALLENDE AND SURROUNDING COMMUNITY. THESE ORGANIZATIONS SUPPORT CAUSES SUCH AS EMERGENCY AID, ORPHANAGES, EDUCATION & SCHOLARSHIPS, ANIMALS, WATER SERVOIRS, ARTS & MUSIC, GRAFFITI REMOVING, THERAPIES, AND NATURE PRESERVATION.

Expenses $808,375 · Grants $794,949

As filed on the 2023 return.

Listed in Part VII

Romina Rosario AlvearROMINA ROSARIO ALVEAR

DIRECTOR

Total calculated

$0

Hours/week

5
Enrique Ramirez CoronaENRIQUE RAMIREZ CORONA

DIRECTOR

Total calculated

$0

Hours/week

5
William Joseph DuvalWILLIAM JOSEPH DUVAL

DIRECTOR

Total calculated

$0

Hours/week

5
Jay FrancisJAY FRANCIS

DIRECTOR

Total calculated

$0
Jeff SpearsJEFF SPEARS

DIRECTOR

Total calculated

$0

Hours/week

5
Dwight Lane Simmons IIDWIGHT LANE SIMMONS II

SECRETARY

Total calculated

$0

Hours/week

5
Addie Coral RomeroADDIE CORAL ROMERO

TREASURER

Total calculated

$0

Hours/week

5
David Mark SmithDAVID MARK SMITH

PRESIDENT

Total calculated

$0

Hours/week

10

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: 21 November 2024
IRS schema version: 2023v5.0
Source object: 202403279349301805

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