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Nonprofiteer
← MAESTRO CARES FOUNDATION

Form 990 for tax year 2024

Filed by MAESTRO CARES FOUNDATION.

Totals

Total revenue
$10,087,332
Total expenses
$5,601,170
Contributions and grants received
$10,126,960
Grants paid
$2,069,042
Program service revenue
$0
Investment income
$170,990
Other revenue
-$210,618
Total assets, end of year
$16,301,212
Total liabilities, end of year
$1,664,643
Net assets or fund balances, end of year
$14,636,569
Program services expenses (Part IX)
$4,028,877
Management and general expenses
$848,641
Fundraising expenses
$723,652
Program service expenses (Part III)
$4,028,877

Program services were 71.9% 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.

  • 1c · Fundraising events

    $1,482,785

  • 1f · All other contributions, gifts and grants

    $8,644,175

  • 1g · Noncash contributions included above

    $141,409

  • 3 · Investment income

    total $126,817 · related or exempt $126,817

  • 7a · Gross sales of assets other than inventory

    securities $5,202,872

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

    securities $5,158,699

  • 7c · Gain or loss

    securities $44,173

  • 7d · Net gain or loss

    total $44,173 · related or exempt $44,173

  • 8a · Fundraising events: gross income

    $581,475

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

    $1,482,785

  • 8b · Fundraising events: direct expenses

    $795,177

  • 8c · Net income from fundraising events

    total -$213,702 · excluded -$213,702

  • 11a · Other revenue: MISCELLANEOUS

    total $3,084 · related or exempt $3,084

  • 11e · Other revenue, total

    $3,084

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,000 · program services $400,000

  • 3 · Grants to foreign organizations and individuals

    total $1,669,042 · program services $1,669,042

  • 7 · Other salaries and wages

    total $811,668 · program services $515,007 · management and general $147,384 · fundraising $149,277

  • 9 · Other employee benefits

    total $75,711 · program services $52,241 · management and general $8,328 · fundraising $15,142

  • 10 · Payroll taxes

    total $62,016 · program services $39,349 · management and general $11,261 · fundraising $11,406

  • 11b · Fees: legal

    total $6,572 · management and general $6,572

  • 11c · Fees: accounting

    total $8,691 · management and general $8,691

  • 11g · Fees: other

    total $530,723 · program services $123,616 · management and general $284,481 · fundraising $122,626

  • 12 · Advertising and promotion

    total $4,737 · program services $4,697 · fundraising $40

  • 16 · Occupancy

    total $192,016 · management and general $192,016

  • 22 · Depreciation, depletion and amortization

    total $10,966 · management and general $10,966

  • 23 · Insurance

    total $11,716 · management and general $11,716

  • 24a · Other expenses: CONTRIBUTIONS

    total $754,695 · program services $675,065 · management and general $36,500 · fundraising $43,130

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

    total $380,832 · program services $205,463 · management and general $6,704 · fundraising $168,665

  • 24c · Other expenses: SCHOLARSHIPS

    total $337,144 · program services $336,791 · management and general $353

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $178,168 · program services $7 · management and general $1,683 · fundraising $176,478

  • 24e · All other expenses

    total $166,473 · program services $7,599 · management and general $121,986 · fundraising $36,888

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,862,752 · end of year $3,025,840

  • 2 · Savings and temporary cash investments

    beginning of year $421,249 · end of year $2,895,240

  • 3 · Pledges and grants receivable

    beginning of year $1,416,568 · end of year $2,301,063

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,817 · end of year $52,660

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

    $65,843

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

    $38,347

  • 10c · Land, buildings and equipment, net

    beginning of year $28,252 · end of year $27,496

  • 11 · Investments: publicly traded securities

    beginning of year $7,484,065 · end of year $7,244,490

  • 15 · Other assets

    beginning of year $761,686 · end of year $754,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,653,855 · end of year $749,577

  • 19 · Deferred revenue

    beginning of year $22,500 · end of year $118,000

  • 25 · Other liabilities

    beginning of year $761,686 · end of year $797,066

  • 27 · Net assets without donor restrictions

    beginning of year $9,544,348 · end of year $14,636,569

Mission and programs · 2024

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 2024:SMALL STEPS NURTURING CENTER-HOUSTON, TEXAS; RONALD MCDONALD HOUSE CHARITIES-LURIE KITCHEN CHICAGO, ILLINOIS; CASITA DE BELEN ORPHANAGE CENTER IN CALI, COLOMBIA, CASA EN COMUNIDAD MAESTRO CARES ALDEAS INFANTILES SOS ECUADOR (PLACEMENT FACILITY) IN QUITO, ECUADOR; CASA HOGAR ALERGIA EXPANSION IN COLOMBIA; AGRUPACION DE DAMAS HEBREAS HOSPITAL UNIVERSITARIO DEL VALLE IN CALI, COLOMBIA; ALDEOS INFANTILES SOS COMMUNITY CENTER - HONDURAS; FUNDACION RENACI-CENTRO E BIENSTAR DE NINOS CON CANCER - PARAGUAY; YMCA AQUATIC THERAPY AND WELLNESS CENTER IN PUERTO RICO.

    Expenses $2,675,472 · Grants $2,069,042

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

    Expenses $411,436

  • OTHER EXPENSES RELATED TO THE GRANTS AND SUPPORT PROGRAMS.

    Expenses $941,969 · Revenue $174,074

As filed on the 2024 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

  • Amalia Gomez-Micone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zayda Cardenas

    EXECUTIVE DIRECTOR

    Total calculated
    $157,731
    From this org
    $157,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,731
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,731

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513149349303151

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