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Nonprofiteer
← MAESTRO CARES FOUNDATION

Form 990 for tax year 2023

Filed by MAESTRO CARES FOUNDATION.

Totals

Total revenue
$5,983,163
Total expenses
$5,252,951
Contributions and grants received
$6,080,165
Grants paid
$2,064,913
Program service revenue
$0
Investment income
$175,584
Other revenue
-$272,586
Total assets, end of year
$11,982,389
Total liabilities, end of year
$2,438,041
Net assets or fund balances, end of year
$9,544,348
Program services expenses (Part IX)
$3,880,740
Management and general expenses
$915,815
Fundraising expenses
$456,396
Program service expenses (Part III)
$3,880,740

Program services were 73.9% 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

    $6,080,165

  • 1g · Noncash contributions included above

    $384,711

  • 3 · Investment income

    total $213,069 · related or exempt $213,069

  • 7a · Gross sales of assets other than inventory

    securities $532,407

  • 7b · Less cost or other basis and sales expenses

    securities $569,892

  • 7c · Gain or loss

    securities -$37,485

  • 7d · Net gain or loss

    total -$37,485 · related or exempt -$37,485

  • 8a · Fundraising events: gross income

    $658,475

  • 8b · Fundraising events: direct expenses

    $932,799

  • 8c · Net income from fundraising events

    total -$274,324 · excluded -$274,324

  • 11a · Other revenue: MISCELLANEOUS

    total $1,738 · related or exempt $1,738

  • 11e · Other revenue, total

    $1,738

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $650,000 · program services $650,000

  • 3 · Grants to foreign organizations and individuals

    total $1,414,913 · program services $1,414,913

  • 7 · Other salaries and wages

    total $629,731 · program services $407,096 · management and general $104,636 · fundraising $117,999

  • 9 · Other employee benefits

    total $73,065 · program services $47,273 · management and general $12,129 · fundraising $13,663

  • 10 · Payroll taxes

    total $45,966 · program services $29,740 · management and general $7,630 · fundraising $8,596

  • 11b · Fees: legal

    total $6,738 · management and general $6,738

  • 11c · Fees: accounting

    total $9,805 · management and general $9,805

  • 11g · Fees: other

    total $362,535 · program services $109,542 · management and general $171,211 · fundraising $81,782

  • 12 · Advertising and promotion

    total $8,731 · program services $1,916 · management and general $6,475 · fundraising $340

  • 16 · Occupancy

    total $121,820 · management and general $121,820

  • 22 · Depreciation, depletion and amortization

    total $6,696 · management and general $6,696

  • 23 · Insurance

    total $11,759 · management and general $11,579 · fundraising $180

  • 24a · Other expenses: CONTRIBUTIONS

    total $989,411 · program services $989,411

  • 24b · Other expenses: TRAVEL, MEALS AND LODGI

    total $545,093 · program services $57,024 · management and general $315,224 · fundraising $172,845

  • 24c · Other expenses: SCHOLARSHIPS

    total $167,000 · program services $167,000

  • 24d · Other expenses: RECRUITMENT EXPENSES

    total $67,216 · management and general $67,216

  • 24e · All other expenses

    total $142,472 · program services $6,825 · management and general $74,656 · fundraising $60,991

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,056,949 · end of year $1,862,752

  • 2 · Savings and temporary cash investments

    beginning of year $353,508 · end of year $421,249

  • 3 · Pledges and grants receivable

    beginning of year $1,528,040 · end of year $1,416,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,850 · end of year $7,817

  • 10a · Land, buildings and equipment: cost or other basis

    $55,632

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,380

  • 10c · Land, buildings and equipment, net

    beginning of year $8,564 · end of year $28,252

  • 11 · Investments: publicly traded securities

    beginning of year $3,529,968 · end of year $7,484,065

  • 15 · Other assets

    beginning of year $761,686 · end of year $761,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,041,192 · end of year $1,653,855

  • 19 · Deferred revenue

    end of year $22,500

  • 25 · Other liabilities

    beginning of year $761,686 · end of year $761,686

  • 27 · Net assets without donor restrictions

    beginning of year $8,455,687 · end of year $9,544,348

Mission and programs · 2023

Mission

MAESTRO CARES FOUNDATION IMPROVES THE QUALITY OF LIFE OF DISADVANTAGED CHILDREN AND COMMUNITIES IN LATIN AMERICA AND THE UNITED STATES. WE DO SO BY PROVIDING HOUSING, EDUCATIONAL PROGRAMMING AND THE ESSENTIAL RESOURCES TO SUPPORT THEIR GROWTH AND DEVELOPMENT. THROUGH OUR EFFORTS, WE ARE STRENGTHENING COMMUNITIES AND HELPING CHILDREN BECOME TOMORROW'S LEADERS.

  • EXPENSES FOR PROJECTS INCLUDED THE FOLLOWING DURING 2023:ROOSEVELT SQUARE COMMUNITY CENTER SOS CHILDREN'S VILLAGES ILLINOIS IN CHICAGO, ILLINOIS, CENTER FOR WELLBEING AND HAPPINESS LOWER EASTSIDE GIRLS CLUB IN NEW YORK CITY, NEW YORK, CENTRO VOCACIONAL FUNDACION JEISON ARISTIZABAL-ASODISVALLE VOCATIONAL SCHOOL IN CALI, COLOMBIA, CASITA DE BELEN ORPHANAGE CENTER IN CALI, COLOMBIA, CASA EN COMUNIDAD MAESTRO CARES ALDEAS INFANTILES SOS ECUADOR (PLACEMENT FACILITY) IN QUITO, ECUADOR, YMCA SPORTS CENTER IN SAN JUAN, PUERTO RICO, BOYS AND GIRLS CLUB IN BAYMON, PUERTO RICO.

    Expenses $2,403,343 · Grants $2,403,343

  • CHILD SPONSORSHIP PROGRAM, SCHOLARSHIPS AND CONTRIBUTIONS TO SOCIAL SERVICE ORGANIZATIONS

    Expenses $823,247

  • OTHER EXPENSES RELATED TO THE GRANTS AND SUPPORT PROGRAMS.

    Expenses $654,150 · Revenue $177,322

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Henry Cardenas

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20

  • Marco Antonio Muniz

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Elena Sotomayor

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Peter Amaro

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Felipe Pimento

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bigram Zayas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Unanue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amalia Gomez-Micone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zayda Cardenas

    EXECUTIVE DIRECTOR

    Total calculated
    $141,612
    From this org
    $141,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349313463

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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