Mcs Foundation Inc
- Assets
- $999.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 66-0870996
Organization Overview
Mcs Foundation Inc is located in San Juan, PR. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mcs Foundation Inc 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, Mcs Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcs Foundation Inc has awarded 22 individual grants totaling $1,234,866. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Fernos Treasurer | 5 | $0 | |
Elba N Rivera Exec. Dir. | 40 | $0 | |
Gilberto Negron Secretary | 5 | $0 | |
James P Odrobinak Director | 1 | $0 | |
Jose R Aponte Director | 1 | $0 | |
David Scanavino Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,418,336 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,418,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,521 |
| Taxes | $0 |
| Depreciation | $22,225 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $20 |
| Other expenses | $15,400 |
| Total operating and administrative expenses | $474,180 |
| Contributions, gifts, grants paid | $1,029,758 |
| Total expenses and disbursements | $1,503,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,746 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $20,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,300 |
| Other assets | $61,800 |
| Total assets | $999,846 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mcs Foundation Inc has awarded $1,234,866 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MCS PURPOSE: CONTRIBUTION | $365,866 |
PATHSTONE PURPOSE: CONTRIBUTION | $136,000 |
CARAS DE LAS AMERICAS PURPOSE: CONTRIBUTION | $100,000 |
PECES INC PURPOSE: CONTRIBUTION | $90,000 |
BOYS AND GIRLS CLUB OF PURPOSE: CONTRIBUTION | $80,000 |
VOCES COALICION DE VACU PURPOSE: CONTRIBUTION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcs Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Rite Aid Healthy Futures Camp Hill, PA PURPOSE: SUPPORT THE LOCAL HEALTH AND WELLNESS PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcs Foundation Inc San Juan, PR | $999,846 | $1,418,336 |
James And Barbara Cimino Foundation Inc San Juan, PR | $21,951,743 | $613,538 |
Scaramella Faith Foundation Inc Rio Grande, PR | $2,166,599 | $2,013,797 |
Harvey Foundation Inc San Juan, PR | $3,288,172 | $95,600 |
Marie And Paul Napoli Foundation Dorado, PR | $444,705 | $39,003 |
Roca-Sanchez Charitable Foundation Inc San Juan, PR | $344,424 | $18,450 |
Miranda Foundation San Juan, PR | $0 | $2,028 |