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← SAN MIGUEL COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by SAN MIGUEL COMMUNITY FOUNDATION.

Totals

Total revenue
$1,558,706
Total expenses
$1,125,957
Contributions and grants received
$953,910
Grants paid
$911,448
Program service revenue
$0
Investment income
$604,796
Other revenue
$0
Total assets, end of year
$11,634,730
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,634,730
Program services expenses (Part IX)
$941,520
Management and general expenses
$149,247
Fundraising expenses
$35,190
Program service expenses (Part III)
$941,520

Program services were 83.6% 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

    $953,910

  • 3 · Investment income

    total $604,796 · excluded $604,796

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $911,448 · program services $911,448

  • 7 · Other salaries and wages

    total $44,173 · program services $13,251 · management and general $8,835 · fundraising $22,087

  • 11c · Fees: accounting

    total $14,106 · management and general $14,106

  • 11f · Fees: investment management

    total $120,084 · management and general $120,084

  • 13 · Office expenses

    total $3,254 · program services $976 · management and general $651 · fundraising $1,627

  • 24a · Other expenses: PROPERTY & OTHER TAX

    total $15,432 · program services $4,321 · management and general $3,858 · fundraising $7,253

  • 24b · Other expenses: PROGRAM EXPENSE

    total $7,301 · program services $7,301

  • 24c · Other expenses: BANK & OTHER FEES

    total $6,977 · program services $2,791 · management and general $1,395 · fundraising $2,791

  • 24d · Other expenses: FOREIGN EXCHANGE EXP

    total $3,182 · program services $1,432 · management and general $318 · fundraising $1,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239,976 · end of year $192,580

  • 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 $7,703,889 · end of year $11,350,106

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,035,909 · end of year $11,634,730

Mission and programs · 2024

Mission

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.

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 $941,520 · Grants $911,448

As filed on the 2024 return.

Listed in Part VII

  • Romina Rosario Alvear

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Enrique Ramirez Corona

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • William Joseph Duval

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ben Zion Ptashnik

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jeff Spears

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Addie Coral Romero

    FORMER TREAS

    Total calculated
    $0
    Hours/week
    4

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
2024
Filed
16 January 2026
IRS schema version
2024v5.0
Source object
202640309349301624

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