Musigmaphi Foundation Nfp
- Assets
- $500.2k
- Revenue
- $125.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 10/2009
- Data as of
- 12/2021
- 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 12/2021, Musigmaphi Foundation Nfp generated $125.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $61.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESTRICTED FUNDS UNDER THE GENERAL FUND INCLUDES ALL THE SERVICE PROGRAMS THE ORGANIZATION DID FOR 2021 INCLUDING THE IMMUNITY FUND, THE PEDIATRIC WEBINAR, THE PGH BANTAY FUND, THE DOCTORS TO THE BARRIOS PROGRAM, SCHOLARSHIP FUND, AND THE DONATION TO THE UP-MANILA DEVELOPMENT FOUNDATION.
THE TYPHOON ODETTE FUND WAS CREATED TO HELP THE VICTIMS OF TYPHOON ODETTE WHICH HIT THE PHILIPPINES IN MID-DECEMBER OF 2021
THE 2020 FUNDRAISING CAMPAIGN WAS A CAMPAIGN TO RAISE FUNDS FOR ANY PROJECT THAT THE MU SIGMA PHI FOUNDATION NEEDED FUNDING FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ishwar Gopichand President | OfficerTrustee | 5 | $0 |
Rosario N Santos-Chua President Elect | OfficerTrustee | 4 | $0 |
Renato Mandanas Secretary | OfficerTrustee | 4 | $0 |
Godofredo Garcia Treasurer | OfficerTrustee | 8 | $0 |
Michael Medina Auditor | OfficerTrustee | 4 | $0 |
Guia Razon-Palma Pro | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,373 |
| Total Program Service Revenue | $0 |
| Investment income | $12,255 |
| 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 | $125,628 |
| 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 | $45,700 |
| 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 | $3,715 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $910 |
| Office expenses | $73 |
| 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 | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $168 |
| Total functional expenses | $61,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,301 |
| Savings and temporary cash investments | $20,389 |
| 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 | $417,492 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,182 |
| 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 | $500,182 |
| Total liabilities and net assets/fund balances | $500,182 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Musigmaphi Foundation Nfp has recieved totaling $1,179.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $179 |
Endowment Analysis
| Beg. Balance | $261,523 |
| Earnings | $12,253 |
| Admin Expense | $4,570 |
| Net Contributions | $35,152 |
| Ending Balance | $304,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Penny Appeal Usa Inc Alexandria, VA | $5,095,057 | $8,905,052 |
Samaritans Feet International Charlotte, NC | $19,362,497 | $7,555,032 |
St Luke Foundation For Haiti Dumfries, VA | $1,366,541 | $7,126,757 |
Lwala Community Alliance Inc Nashville, TN | $17,369,042 | $16,360,531 |
World Pediatric Project Richmond, VA | $4,763,587 | $6,525,258 |
Mihret Medical Supply Group Inc Ruckersville, VA | $743,818 | $5,710,148 |
The Yonkofa Project Inc Peachtree City, GA | $245,141 | $5,183,771 |
Zoe Empowers Raleigh, NC | $7,648,679 | $6,013,214 |
Healing Hands International Inc Nashville, TN | $10,095,552 | $10,611,098 |
Serving The Nations Inc Annandale, VA | $128,025 | $2,116,000 |
Oneworld Health Charleston, SC | $4,817,781 | $4,667,739 |