Centro Mater Foundation Inc
- Assets
- $2.3m
- Revenue
- $237.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/2003
- Data as of
- 12/2023
- 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 12/2023, Centro Mater Foundation Inc generated $237.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $93.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
CENTRO MATER SERVED OVER 1,600 CHILDREN LAST YEAR. CENTRO MATER INNOVATIVE ARTS PROJECT EXPANDED ITS PROGRAM TO TWO ADDITIONAL SITES IN HIALEAH. ALSO ,WE IMPLEMENTED TWO SOCCER TEAM FOR PRE-SCHOOL AND SCHOOL AGED CHILDREN. CENTRO MATER PROVIDED FOOD, DIAPERS, AND FORMULA DONATIONS TO ALL THE FAMILIES EVERY WEEKEND. THE CENTERS' ACCREDITATION WAS RENEWED FOR TWO SITES. MAYOR OF MIAMI DADE COUNTY VISITED THE CENTER AND WAS FEATURED IN THEIR WEBSITE. CENTRO MATER BASEBALL PROGRAM ENDED ITS SEASON SUCCESSFULLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Ortega Co-Chair | OfficerTrustee | 6 | $0 |
Lourdes Pardo Co-Chair | OfficerTrustee | 6 | $0 |
Octavio Verdeja Vice Chair | OfficerTrustee | 6 | $0 |
Maria E Wollberg Treasurer | OfficerTrustee | 6 | $0 |
Javier Alvarez Secretary | OfficerTrustee | 6 | $0 |
Ana Carbonell Board Member | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,076 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,445 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$39,981 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $483 |
| 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 | $1,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,243 |
| Insurance | $1,818 |
| All other expenses | $1,511 |
| Total functional expenses | $93,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,936 |
| 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 |
| Net Land, buildings, and equipment | $1,623,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,268,748 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $32,013 |
| 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 | $459,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $794 |
| Total liabilities | $492,584 |
| Net assets without donor restrictions | $1,776,164 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,268,748 |