Maestro Cares Foundation

Organization Overview

Maestro Cares Foundation is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Maestro Cares Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maestro Cares 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, Maestro Cares Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MAESTRO CARES FOUNDATION IMPROVES THE QUALITY OF LIFE OF DISADVANTAGED CHILDREN AND COMMUNITIES IN LATIN AMERICA AND THE UNITED STATES. WE DO SO BY PROVIDING HOUSING, EDUCATIONAL PROGRAMMING AND THE ESSENTIAL RESOURCES TO SUPPORT THEIR GROWTH AND DEVELOPMENT. THROUGH OUR EFFORTS, WE ARE STRENGTHENING COMMUNITIES AND HELPING CHILDREN BECOME TOMORROW'S LEADERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES FOR PROJECTS INCLUDED THE FOLLOWING DURING 2022:ROOSEVELT SQUARE COMMUNITY CENTER SOS CHILDREN'S VILLAGES ILLINOIS IN CHICAGO, ILLINOIS, CENTER FOR WELLBEING AND HAPPINESS LOWER EASTSIDE GIRLS CLUB IN NEW YORK CITY, NEW YORK, JARDIN DE NINOS LA MASCOTA FUNDACION MIR MONTESSORI CHILDREN'S DAY CARE CENTER IN BUENOS AIRES, ARGENTINA, CENTRO VOCACIONAL FUNDACION JEISON ARISTIZABAL-ASODISVALLE VOCATIONAL SCHOOL IN CALI, COLOMBIA, CASITA DE BELEN ORPHANAGE CENTER IN CALI, COLOMBIA, CASA EN COMUNIDAD MAESTRO CARES ALDEAS INFANTILES SOS ECUADOR (PLACEMENT FACILITY) IN QUITO, ECUADOR, LA CASA LIBERTAD HOVDE/MAESTRO CARES FACE OF JUSTICE FREEDOM HOUSE FOR TRAFFICKED/EXPLOITED GIRLS IN SAN JOSE, COSTA RICA, CASA DE ACOGIDA CORPORACION RENTAL INFANTIL MATER IN SANTIAGO, CHILE, YMCA SPORTS CENTER IN SAN JUAN, PUERTO RICO.


OTHER EXPENSES RELATED TO THE GRANTS AND SUPPORT PROGRAMS.


CHILD SPONSORSHIP PROGRAM, SCHOLARSHIPS AND CONTRIBUTIONS TO SOCIAL SERVICE ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Henry Cardenas
Chairman
$0
Marco Antonio Muniz
Vice Chairman
$0
Elena Sotomayor
Secretary
$0
Peter Amaro
Treasurer
$0
Felipe Pimento
Director
$0
Bigram Zayas
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,437,627
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,829,042
Noncash contributions included in lines 1a–1f $102,145
Total Revenue from Contributions, Gifts, Grants & Similar$7,266,669
Total Program Service Revenue$0
Investment income $51,008
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$162,483
Net Income from Fundraising Events -$18,519
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,139,999

Grants Awarded

Over the last fiscal year, Maestro Cares Foundation has awarded $250,000 in support to 2 organizations.

Grant RecipientAmount

LOWER EAST SIDE GIRLS CLUB

PURPOSE: CONTRIBUTION

$200,000

SOS CHILDREN'S VILLAGE IN CHICAGO

PURPOSE: CONTRIBUTION

$50,000
View Grant Profile

Peer Organizations

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