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Nonprofiteer
← MIRACLE FOUNDATION INC

Form 990 for tax year 2024

Filed by MIRACLE FOUNDATION INC.

Totals

Total revenue
$5,325,353
Total expenses
$5,756,604
Contributions and grants received
$5,134,905
Grants paid
$316,920
Program service revenue
$0
Investment income
$123,784
Other revenue
$66,664
Total assets, end of year
$3,883,503
Total liabilities, end of year
$340,519
Net assets or fund balances, end of year
$3,542,984
Program services expenses (Part IX)
$4,630,514
Management and general expenses
$512,318
Fundraising expenses
$613,772
Program service expenses (Part III)
$4,630,514

Program services were 80.4% 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

    $5,134,905

  • 1g · Noncash contributions included above

    $7,173

  • 3 · Investment income

    total $123,784 · excluded $123,784

  • 11a · Other revenue: REFUNDS

    total $66,664 · excluded $66,664

  • 11e · Other revenue, total

    $66,664

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $316,920 · program services $316,920

  • 5 · Compensation of officers, directors and key employees

    total $732,167 · program services $573,990 · management and general $133,405 · fundraising $24,772

  • 7 · Other salaries and wages

    total $2,152,587 · program services $1,501,151 · management and general $260,266 · fundraising $391,170

  • 8 · Pension plan contributions

    total $28,027 · program services $17,508 · management and general $2,483 · fundraising $8,036

  • 9 · Other employee benefits

    total $188,354 · program services $138,811 · management and general $22,258 · fundraising $27,285

  • 10 · Payroll taxes

    total $156,421 · program services $105,055 · management and general $22,562 · fundraising $28,804

  • 11b · Fees: legal

    total $6,959 · program services $632 · management and general $88 · fundraising $6,239

  • 11c · Fees: accounting

    total $81,192 · program services $60,985 · management and general $12,181 · fundraising $8,026

  • 11g · Fees: other

    total $238,415 · program services $219,255 · management and general $12,922 · fundraising $6,238

  • 12 · Advertising and promotion

    total $55,967 · fundraising $55,967

  • 13 · Office expenses

    total $148,356 · program services $111,856 · management and general $18,594 · fundraising $17,906

  • 14 · Information technology

    total $6,948 · program services $6,948

  • 16 · Occupancy

    total $51,142 · program services $43,839 · management and general $4,925 · fundraising $2,378

  • 17 · Travel

    total $125,442 · program services $115,049 · management and general $1,028 · fundraising $9,365

  • 19 · Conferences, conventions and meetings

    total $1,889 · program services $1,269 · management and general $272 · fundraising $348

  • 22 · Depreciation, depletion and amortization

    total $14,690 · program services $9,866 · management and general $2,119 · fundraising $2,705

  • 23 · Insurance

    total $7,647 · program services $5,136 · management and general $1,103 · fundraising $1,408

  • 24a · Other expenses: THRIVEWELL

    total $723,475 · program services $723,475

  • 24b · Other expenses: PARTNER PROGRAM COSTS

    total $395,007 · program services $395,007

  • 24c · Other expenses: PREVENTION & TRANSITION

    total $196,314 · program services $196,314

  • 24d · Other expenses: COMPUTER AND INTERNET

    total $77,172 · program services $51,830 · management and general $11,131 · fundraising $14,211

  • 24e · All other expenses

    total $51,513 · program services $35,618 · management and general $6,981 · fundraising $8,914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $855,714 · end of year $399,289

  • 2 · Savings and temporary cash investments

    beginning of year $1,107,883 · end of year $232,338

  • 4 · Accounts receivable

    beginning of year $1,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,457 · end of year $60,363

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

    $596,186

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

    $133,415

  • 10c · Land, buildings and equipment, net

    beginning of year $477,461 · end of year $462,771

  • 11 · Investments: publicly traded securities

    beginning of year $1,728,217 · end of year $2,636,039

  • 15 · Other assets

    beginning of year $124,363 · end of year $92,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,193 · end of year $264,842

  • 19 · Deferred revenue

    beginning of year $57,373

  • 25 · Other liabilities

    beginning of year $106,423 · end of year $75,677

  • 27 · Net assets without donor restrictions

    beginning of year $2,963,862 · end of year $2,655,242

  • 28 · Net assets with donor restrictions

    beginning of year $993,444 · end of year $887,742

Mission and programs · 2024

Mission

A FAMILY FOR EVERY CHILD IN OUR LIFETIME.

  • PREVENT CHILDREN FROM ENTERING THE SYSTEM IN THE FIRST PLACE. EVERY DAY AROUND THE WORLD, SOCIAL WORKERS, CAREGIVERS AND GOVERNMENT OFFICIALS MAKE DECISIONS THAT IMPACT MILLIONS OF VULNERABLE CHILDREN. ALONG WITH UNICEF AND OTHER PARTNERS, WE PROVIDE HIGHLY SPECIALIZED TRAINING AND EDUCATIONAL RESOURCES FOR THESE "BOOTS ON THE GROUND" WORKERS IN THE CHILDCARE ECOSYSTEM. THROUGH THIS COLLABORATION AND OUR SCALEABLE TECHNOLOGIES, MIRACLE FOUNDATION HAS TRAINED MORE THAN 6,036 GOVERNMENT OFFICIALS AND CAREGIVERS AND ACTIVATED COMMUNITY AND YOUTH LED INITIATIVES. ALL OF THIS OUTREACH WORKS TO IDENTIFY AND SUPPORT AT-RISK CHILDREN LONG BEFORE FORMAL INTERVENTIONS ARE NECESSARY.

    Expenses $1,726,082 · Grants $60,395

  • WE UNITE CHILDREN WITH FAMILIES.CHILDREN WANT TO GROW UP IN A FAMILY, AND EACH OF THEM HAVE THE RIGHT TO A SAFE, STABLE, AND PERMANENT HOME. EACH CHILD'S JOURNEY HOME IS UNIQUE, AS WE LEAD THE TRANSITION OF CHILDREN AWAY FROM INSTITUTIONS, OUR JOB IS TO MAKE SURE THIS WORK IS DONE IN A SAFE, STABLE, AND PERMANENT WAY. TO FACILITATE THIS, WE USE OUR THRIVE SCALE METHODOLOGY TO MEASURE AND ACTIVATE A CHILD'S RIGHTS AND STRENGTHEN THEIR FAMILY TO ENSURE THEY STAY TOGETHER.

    Expenses $1,476,773 · Grants $188,870

  • ENSURE CHILDREN GROW UP IN A SAFE, STABLE FAMILY.WE WORK TIRELESSLY TO HELP STABILIZE CHILDREN WHILE THEY AWAIT A FOREVER HOME. WE USE DATA TO DRIVE OUR DECISIONS AND ENSURE THAT ALL CHILDREN THRIVE, OUR LEADING-EDGE THRIVEWELL SOFTWARE OFFERS A REVOLUTIONARY AND WELCOME CHANGE TO THE US FOSTER CARE SYSTEM. OUR WORK IN FOSTER CARE HELPS STREAMLINE COMMUNICATIONS, SIMPLIFIES THE REPORTING PROCESS, HELPS FAMILIES AND HELPS CHILDREN AVOID THE PAINFUL PROCESS OF BEING MOVED FROM HOME TO HOME. SECONDLY, OUR PROPRIETARY THRIVE SCALE METHODOLOGY ALLOWS US TO MEASURE PROGRESS AND ASSESS RISK AT EVERY STAGE OF OUR WORK. DEVELOPED OVER THE PAST TWO DECADES, THIS ONE-OF-A-KIND TOOL IS TAKING THE GUESSWORK OUT OF CHILD CARE AND HAS PROPELLED MIRACLE FOUNDATION INTO A GLOBAL NONPROFIT ORGANIZATION FOR CHILDREN.

    Expenses $1,427,659 · Grants $67,655

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Krishna Srinivasan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Caroline Boudreaux

    FOUNDER

    Total calculated
    $184,643
    From this org
    $169,113
    From related orgs
    $0
    Other
    $15,530
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,113
    Bonus
    $0
    Other
    $0
    Deferred
    $6,765
    Nontaxable benefits
    $8,765
    Filer's total
    $184,643
  • Leslie Beasley

    CEO

    Total calculated
    $199,975
    From this org
    $199,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,975
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,975
  • Rajeev Kathuria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nabeela Ixtabalan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Messer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Marsili

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen Starns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Olse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marty Romell

    CFO/TREASURER

    Total calculated
    $168,402
    From this org
    $153,497
    From related orgs
    $0
    Other
    $14,905
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,497
    Bonus
    $0
    Other
    $0
    Deferred
    $6,140
    Nontaxable benefits
    $8,765
    Filer's total
    $168,402
  • Hina Musa

    CHIEF PROGRAM OFFICER

    Total calculated
    $169,965
    From this org
    $155,000
    From related orgs
    $0
    Other
    $14,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,200
    Nontaxable benefits
    $8,765
    Filer's total
    $169,965
  • Taylor Montgomery Scott

    MARKETING DIRECTOR

    Total calculated
    $123,654
    From this org
    $111,004
    From related orgs
    $0
    Other
    $12,650
    Hours/week
    40
  • Katie Cole

    HEAD OF PRODUCT

    Total calculated
    $173,572
    From this org
    $158,468
    From related orgs
    $0
    Other
    $15,104
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,468
    Bonus
    $0
    Other
    $0
    Deferred
    $6,339
    Nontaxable benefits
    $8,765
    Filer's total
    $173,572
  • Anne Broyles

    FOUNDATION RELATIONS

    Total calculated
    $108,990
    From this org
    $108,664
    From related orgs
    $0
    Other
    $326
    Hours/week
    40
  • Nicole Sarkar

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $133,765
    From this org
    $125,000
    From related orgs
    $0
    Other
    $8,765
    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. 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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MIRACLE FOUNDATION INDIA

    CARE AND EDUCATION FOR ORPHANS · IN · controlled entity

    Directly controlled by THE MIRACLE FOUNDATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THRIVE SCALE INTERNATIONAL PRIVATE LIMITED

    C · CARE AND EDUCATION FOR ORPHANS · IN · 99% owned · share of assets $9,888 · controlled entity

    Directly controlled by THE MIRACLE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2025
IRS schema version
2024v5.2
Source object
202511929349301636

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