Mariano Rivera Foundation
- Assets
- $4.3m
- Revenue
- $157.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Bear, DE
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 13-4076067
Organization Overview
Mariano Rivera Foundation is located in Bear, DE. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariano Rivera Foundation 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 12/2022, Mariano Rivera Foundation generated $157.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $78.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mariano Rivera Foundation has awarded 25 individual grants totaling $717,882. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE QUALITY OF LIFE OF DISADVANTAGED CHILDREN AND COMMUNITIES IN LATIN AMERICA AND THE UNITED STATES
TUITION ASSISTANCE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariano Rivera President | 0 | $0 | |
Clara Rivera Vice Preside | 0 | $0 | |
Naomi Gandia Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,232 |
| Dividends & Interest | $46,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,455 |
| Capital Gain Net Income | $39,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,662 |
| Total Revenue | $157,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,589 |
| Depreciation | $0 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,329 |
| Total operating and administrative expenses | $10,418 |
| Contributions, gifts, grants paid | $68,358 |
| Total expenses and disbursements | $78,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,555 |
| Savings and temporary cash investments | $872,895 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,103,477 |
| Net Land, buildings, and equipment | $150,000 |
| Other assets | $20,000 |
| Total assets | $4,334,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,016 |
| Total liabilities | $3,016 |
Grants Awarded
Over the last fiscal year, Mariano Rivera Foundation has awarded $68,358 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SMART TUITION PROCESSING CENTER PURPOSE: SCHOLARSHIP | $23,358 |
MAESTRO CARES FOUNDATION PURPOSE: HELP DISADVANTAGED CHILDRES | $45,000 |