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Nonprofiteer
← MAX CARES FOUNDATION INC

Form 990 for tax year 2022

Filed by MAX CARES FOUNDATION INC.

Totals

Total revenue
$262,975
Total expenses
$305,767
Contributions and grants received
$288,611
Grants paid
$276,500
Program service revenue
$0
Investment income
$0
Other revenue
-$25,636
Total assets, end of year
$159,982
Total liabilities, end of year
$29,956
Net assets or fund balances, end of year
$130,026
Program services expenses (Part IX)
$278,116
Management and general expenses
$27,651
Fundraising expenses
$0
Program service expenses (Part III)
$278,116

Program services were 91.0% 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.

  • 1c · Fundraising events

    $288,461

  • 1f · All other contributions, gifts and grants

    $150

  • 8a · Fundraising events: gross income

    $316,279

  • 8a · Fundraising events: contributions included on line 1c

    $288,461

  • 8b · Fundraising events: direct expenses

    $341,915

  • 8c · Net income from fundraising events

    total -$25,636 · excluded -$25,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $276,500 · program services $276,500

  • 11a · Fees: management

    total $17,500 · management and general $17,500

  • 11b · Fees: legal

    total $1,864 · management and general $1,864

  • 11c · Fees: accounting

    total $3,050 · management and general $3,050

  • 12 · Advertising and promotion

    total $4,098 · management and general $4,098

  • 13 · Office expenses

    total $1,139 · management and general $1,139

  • 14 · Information technology

    total $1,616 · program services $1,616

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,162 · end of year $140,010

  • 4 · Accounts receivable

    beginning of year $26,489 · end of year $19,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,833 · end of year $29,956

  • 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 $172,818 · end of year $130,026

Mission and programs · 2022

Mission

THROUGH INNOVATIVE PARTNERSHIPS, PROGRAMS, AND SPECIAL EVENTS, THE MAX CARES FOUNDATION EMBRACES THE OPPORTUNITY TO HELP THOSE IN NEED. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO EDUCATIONAL AND OTHER TAX EXEMPT CHARITABLE ORGANIZATIONS.

Activities or mission (Part I)

TO PROVIDE FINANCIAL ASSISTANCE TO EDUCATIONAL AND OTHER TAX EXEMPT CHARITABLE ORGANIZATIONS.

  • THROUGH INNOVATIVE PARTNERSHIPS, PROGRAMS, AND SPECIAL EVENTS, THE MAX CARES FOUNDATION EMBRACES THE OPPORTUNITY TO HELP THOSE IN NEED THROUGH EVENTS LIKE THE ANNUAL MAX CLASSIC GOLF TOURNAMENT AND ROASTS FOR THE HOLIDAYS. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO EDUCATIONAL AND OTHER TAX EXEMPT CHARITABLE ORGANIZATIONS.

    Expenses $278,116 · Grants $276,500

As filed on the 2022 return.

Listed in Part VII

  • Maura Horan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard B Rosenthal

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Timothy Buckley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Carol McCabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Kerin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Abrams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megan Culmo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Franklin Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Oddi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Trask

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
3 October 2023
IRS schema version
2022v5.0
Source object
202322929349301152

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

The source document this was parsed from is served over the API, which is where bulk and document access live.