Centro Mater Foundation Inc
- Assets
- $2.1m
- Revenue
- $114.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/2003
- Data as of
- 12/2020
- EIN
- 04-3654762
Organization Overview
Centro Mater Foundation Inc is located in Miami, FL. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Mater Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Centro Mater Foundation Inc generated $114.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $84.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT COMMUNITY PROGRAMS OPERATED BY CATHOLIC CHARITIES OF THEARCHDIOCESE OF MIAMI THAT PROVIDE EDUCATIONAL, NUTRITIONAL, HEALTHPREVENTIVE, AND SOCIAL SUPPORT SERVICES THAT FOSTER AND IMPROVE THE QUALITYOF LIFE FOR CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRO MATER SERVED MORE THAN 1300 CHILDREN LAST YEAR. OUR DIRECTOR MADELYN R. LLANES WAS RECOGNIZED BY THE CITY OF MIAMI COMMISSIONERS AND MAYOR FOR HER EXCELLENCE IN OUR COMMUNITY. DURING LAST YEAR THOUSANDS OF FAMILIES RECEIVED DONATIONS RANGING FROM :FOOD BASKETS, TOILETRIES, DIAPERS, BABY FORMULA, CLOTHING AS WELL AS TOYS FOR THE HOLIDAYS. CENTRO MATER CONTINUES ITS WORK OF SERVING THE NEEDIEST OF FAMILIES AND EMPOWERING THEM BY PROVIDING PARENT TRAININGS SUCH AS: IMMIGRATION, CHILD ABUSE, CITIZENSHIP CLASSES, PARENT SKILLS AMONG MANY. CENTRO MATER AFTERSCHOOL LOCATED IN LITTLE HAVANA RECEIVED ITS NATIONAL RE-ACCREDITATION FROM COA-COUNCIL ON ACCREDITATION BEING THIS BODY A VERY PRESTIGIOUS INSTITUTION AND BEING CENTRO MATER THE ONLY ACCREDITED PROGRAM IN FLORIDA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javier Alvarez Board Member | Trustee | 3 | $0 |
Valeria Ortega Board Member | Trustee | 3 | $0 |
Lourdes Pardo Board Member | Trustee | 3 | $0 |
Ana Ortega Treasurer | Trustee | 3 | $0 |
Dori Robau Alvarez Board Member | Trustee | 3 | $0 |
Maria E Wollberg Vice Treasurer | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,624 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,834 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,976 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,368 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,191 |
| Insurance | $1,782 |
| All other expenses | $0 |
| Total functional expenses | $84,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,146,239 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $87,250 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $490,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,094 |
| Total liabilities | $632,497 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,513,742 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centro Mater Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Guerra Family Foundation Inc Coral Gables, FL PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
Jeep Beach Inc Ormond Beach, FL | $246,764 | $1,454,805 |
The Arc Tampa Bay Foundation Inc Clearwater, FL | $19,764,393 | $4,465,884 |
Glenridge Charitable Foundation Inc Jacksonville, FL | $125,452 | $997,663 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
The@karl G Estes Foundation Jacksonville, FL | $3,330,988 | $3,813,042 |