Musigmaphi Foundation Nfp
- Assets
- $549.5k
- Revenue
- $231.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 26-1427614
Organization Overview
Musigmaphi Foundation Nfp is located in Concord, NC. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musigmaphi Foundation Nfp 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, Musigmaphi Foundation Nfp generated $231.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $98.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INITIATE, MAINTAIN AND PROMOTE COMMUNICATION AMONG ITS MEMBERS WORLDWIDE. TO PROMOTE THE ADVANCEMENT OF THE WELFARE OF ITS MEMBERS. TO ENCOURAGE MEMBERS TO ENGAGE IN PROJECTS THAT WILL DIRECTLY BENEFIT THE PHILIPPINE GENERAL HOSPITAL-UNIVERSITY OF THE PHILIPPINES SYSTEM. TO UNITE ITS MEMBERS IN HELPING SUPPORT SPECIAL GROUPS OF PEOPLE NEEDING IMMEDIATE FINANCIAL AND MEDICAL ASSISTANCE SUCH AS VICTIMS OF NATURAL DISASTERS. TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. TO ENCOURAGE MEMBERS TO ENGAGE IN PROJECTS THAT WILL DIRECTLY BENEFIT THE UNIVERSITY OF THE PHILIPPINES, COLLEGE OF MEDICINE AND THE PHILIPPINE GENERAL HOSPITAL-UNIVERSITY OF THE PHILIPPINES SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MU PLASTINATES PROJECT: THIS IS A FUNDRAISING TO SUPPORT THE PLASTINATES PROJECT OF THE UNIVERSITY OF THE PHILIPPINES COLLEGE OF MEDICINE (UPCM). PLASTINATION IS THE PROCESS OF PRESERVING BODIES USING POLYMERS FOR THE USE OF ANATOMY STUDENTS. WE RELEASED 50,000 TO THIS PROJECT (SO FAR).
OTHER ACTIVITY
SCHOLARSHIP FUND: WE GAVE A TOTAL OF 18,000 TO 12 DESERVING SCHOLARS AT UPCM.
IMMUNITY FUND: WE DONATED 3,200 TO FUND VACCINATIONS FOR MEDICAL STUDENTS AT UPCM AND RESIDENTS AT THE PHILIPPINE GENERAL HOSPITAL (PGH).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosario Nennett Santos-Chua MD President | OfficerTrustee | 4 | $0 |
Jose David MD President-El | OfficerTrustee | 4 | $0 |
Renato Mandanas MD Secretary | OfficerTrustee | 4 | $0 |
Godofredo Garcia MD Treasurer | OfficerTrustee | 8 | $0 |
Mariquita Belen MD Asst. Treasu | OfficerTrustee | 2 | $0 |
Michael Medina MD Auditor | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,023 |
| Total Program Service Revenue | $0 |
| Investment income | $11,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,790 |
| 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 | $78,720 |
| 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 | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,710 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $2,415 |
| Office expenses | $494 |
| Information technology | $616 |
| 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 | $2,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $98,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,792 |
| Savings and temporary cash investments | $20,391 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $390,324 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $549,507 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $549,507 |
| Total liabilities and net assets/fund balances | $549,507 |