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Nonprofiteer
← FUNDACION MMM INC

Form 990 for tax year 2023

Filed by FUNDACION MMM INC.

Totals

Total revenue
$1,722,420
Total expenses
$2,078,203
Contributions and grants received
$1,722,420
Grants paid
$828,845
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$634,776
Total liabilities, end of year
$223,398
Net assets or fund balances, end of year
$411,378
Program services expenses (Part IX)
$957,317
Management and general expenses
$660,679
Fundraising expenses
$460,207
Program service expenses (Part III)
$957,317

Program services were 46.1% 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

    $823,161

  • 1f · All other contributions, gifts and grants

    $899,259

  • 1g · Noncash contributions included above

    $109,190

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

    $823,161

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 2 · Grants to domestic individuals

    total $813,845 · program services $813,845

  • 7 · Other salaries and wages

    total $254,550 · management and general $254,550

  • 10 · Payroll taxes

    total $42,530 · management and general $42,530

  • 11c · Fees: accounting

    total $53,511 · management and general $53,511

  • 11g · Fees: other

    total $80,181 · management and general $80,181

  • 12 · Advertising and promotion

    total $106,698 · management and general $106,698

  • 13 · Office expenses

    total $3,686 · management and general $3,686

  • 22 · Depreciation, depletion and amortization

    total $2,604 · management and general $2,604

  • 23 · Insurance

    total $4,429 · management and general $4,429

  • 24a · Other expenses: OTHER EXPENSES

    total $507,493 · management and general $47,286 · fundraising $460,207

  • 24b · Other expenses: FOOD

    total $128,472 · program services $128,472

  • 24c · Other expenses: RENT EXPENSE

    total $65,204 · management and general $65,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $673,350 · end of year $433,167

  • 3 · Pledges and grants receivable

    beginning of year $21,000 · end of year $4,000

  • 4 · Accounts receivable

    beginning of year $133,474 · end of year $49,259

  • 8 · Inventories for sale or use

    beginning of year $119,122 · end of year $71,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,308 · end of year $69,366

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

    $12,400

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

    $4,579

  • 10c · Land, buildings and equipment, net

    beginning of year $10,425 · end of year $7,821

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,518 · end of year $96,298

  • 19 · Deferred revenue

    beginning of year $175,000 · end of year $127,100

  • 27 · Net assets without donor restrictions

    beginning of year $426,343 · end of year $332,717

  • 28 · Net assets with donor restrictions

    beginning of year $340,818 · end of year $78,661

Mission and programs · 2023

Mission

PROVIDE AND DEVELOP SOCIAL, EDUCATIONAL AND CIVIC SERVICES TO ELDERLY COMMUNITIES

Activities or mission (Part I)

PROVIDE AND DEVELOP SOCIAL, EDUCATIONAL AND CIVIC SERVICES TO ELDERLY COMMUNITIES.

  • NUTRITIONAL ASSISTANCE PROGRAM AIMED TO PROVIDING NUTRITIONAL ASSISTANCE TO SERVED POPULATION. DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 AND 2022, THE FOUNDATION PROMOTE THE SERVICE THROUGH THE ADOPTA UN VIEJO, A CAMPAIGN FOCUSED TO PROVIDE NUTRITIONAL ASSISTANCE TO ELDER POPULATION.

    Expenses $128,472

  • RESILIENCE AND RECONSTRUCTION PROGRAM AIMED TO PROVIDING ASSISTANCE FOR HOME STRUCTURE, INCLUDING PROVIDING FURNITURE AND FIXTURES, AND FIRST AID SUPPLIES.

    Expenses $282,050 · Grants $282,050

  • CHARITABLE CONTRIBUTIONS PROGRAM AIMED AT PROVIDING ASSISTANCE TO PROMOTE THE QUALITY OF LIFE THROUGH CONTRIBUTIONS TO COVER ESSENTIAL NECESSITIES OF SERVED POPULATION. THE PROGRAM ALSO INCLUDES FUNDS TO PROVIDE HEALTH EMERGENCY ASSISTANCE TO MMM EMPLOYEES. THE BENEFICIARIES OF THIS ASSISTANCE ARE IDENTIFIED AND REFERRED TO BY MMM HUMAN RESOURCE DEPARTMENT.

    Expenses $546,795 · Grants $546,795

  • PROVIDE AND DEVELOP SOCIAL, EDUCATIONAL AND CIVIC SERVICES TO ELDERLY COMMUNITIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Arturo Ondina

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Raul Montalvo

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    5

  • Orlando Gonzalez

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Eyminel Viel

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Juan Jose Forastieri

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Veronica Viso

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Waleska Rivera

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Diego Suarez

    MEMBER

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403199349313600

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