Fundacion Mama Margarita Db
- Assets
- $237.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 45-4825908
Organization Overview
Fundacion Mama Margarita Db is located in Miami, FL. The organization was established in 2014. 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. Fundacion Mama Margarita Db 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, Fundacion Mama Margarita Db generated $89.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $114.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR PROGRAM ACCOMPLISHMENTS FOR 2023 INCLUDE:- WE FEED 80 TO 100 CHILDREN DAILY, AND THIS IS PART OF OUR FOOD PROGRAM. DUE TO THE POVERTY IN NICARAGUA, WE ARE PROVIDING MORE FOOD RATIONS AS USUAL.- WE ALSO SPENT $15,000 SO THAT 15 CHILDREN TO ATTEND A PRIVATE RELIGIOUS SCHOOL. - FINANCIAL AID IS GIVEN TO FAMILIES FOR MEDICINE, FOOD, RENT AND OTHER NECESSITIES.- WE HAVE FOUR BUILDINGS AT THE FOUNDATION. ONE BUILDING HOUSES THE STAFF, THE SECOND IS THE KITCHEN AND DINING ROOM AND TWO BUILDINGS SERVE AS DORM ROOM THAT LODGES ABOUT 24 MISSIONARIES. - THE GOAL SINCE THE BEGINNING OF THE FOUNDATION WAS TO BRING MISSIONARIES TO THE FOUNDATION SO IN THE FUTURE, WE WOULD LIKE TO ADVERTISE TO MORE GROUPS TO GIVE THEIR TIME AND SUPPORT TO THE PEOPLE OF NICARAGUA. WE ALSO WANT TO CONTINUE TO PROVIDE FINANCIAL HELP TO THE CHILDREN OF NICARAGUA TO ATTEND PRIVATE SCHOOLS.
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 |
|---|---|---|---|
Manuel S Gallo President, Dir. | 25 | $0 | |
Donald Caldwell Treasurer, Dir. | 25 | $0 | |
Lucia V Arguello Secretary, Dir. | 25 | $12,000 | |
Manuel Gallo Sr Director | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,871 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,871 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,300 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $19,350 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,934 |
| Total expenses | $114,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,091 |
| Other assets | $0 |
| Total assets | $237,091 |
| Total liabilities | $0 |
| Net assets or fund balances | $237,091 |