Skip to content
Nonprofiteer
← MODACARES FOUNDATION INC

Form 990 for tax year 2022

Filed by MODACARES FOUNDATION INC.

Totals

Total revenue
$249,317
Total expenses
$247,602
Contributions and grants received
$249,317
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,007
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,007
Program services expenses (Part IX)
$185,320
Management and general expenses
$43,477
Fundraising expenses
$18,805
Program service expenses (Part III)
$185,320

Program services were 74.8% 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

    $249,317

  • 8a · Fundraising events: gross income

    $200,457

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

    $249,317

  • 8b · Fundraising events: direct expenses

    $200,457

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $139,123 · program services $121,733 · management and general $3,885 · fundraising $13,505

  • 12 · Advertising and promotion

    total $57,275 · program services $34,365 · management and general $20,046 · fundraising $2,864

  • 13 · Office expenses

    total $6,212 · program services $3,727 · management and general $2,174 · fundraising $311

  • 16 · Occupancy

    total $29,492 · program services $17,695 · management and general $10,322 · fundraising $1,475

  • 17 · Travel

    total $13,000 · program services $7,800 · management and general $4,550 · fundraising $650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,292 · end of year $10,007

  • 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 $8,292 · end of year $10,007

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO HELP ESTABLISH SUSTAINABLE COMPANIES AND ENHANCE ECONOMIC DEVELOPMENT BY PROVIDING MENTORSHIP ON PRODUCTION AND DISTRIBUTION ASPECTS AS WELL AS ORGANIZING SPECIAL EVENTS TO GENERATE VISIBILITY AROUND THE BRAND.

  • THE ORGANIZATION SPONSORED 4 EVENTS IN 2022 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.

    Expenses $185,320

As filed on the 2022 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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349319435

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.