San Miguel Community Foundation
- Assets
- $6.4m
- Revenue
- $2.7m
- Investments
- $2.7m
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 74-1869975
Organization Overview
San Miguel Community Foundation is located in Laredo, TX. The organization was established in 1976. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Miguel Community 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 12/2021, San Miguel Community Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $662.1k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAN MIGUEL COMMUNITY FOUNDATION SMCF GRANTS CHARITABLE FUNDS FOR THE BENEFIT OF SAN MIGUEL DE ALENDES MOST NEEDY NON-PROFIT MEXICAN CHARITIES. OVER 47 CHARITIES WERE GIVEN GRANTS ALMOST ALL WITH MEXICAN ASOCIACION CIVIL STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EL CHARCO DEL INGENIO TO PROTECT AND PRESERVE OUR NATURAL HERITAGE AND HELP BUILD AN ENVIRONMENTAL CULTURE WHILE DEVELOPING A BOTANICAL GARDEN DEDICATED TO MEXICAN FLORA AND PROVIDING AN OASIS OF PEACE AND TRANQUILITY FOR ALL.
SAN MIGUEL EL GRANDE PRO-MUSICA PROMOTES AND PRESENTS HIGH-QUALITY CHAMBER-MUSIC CONCERTS FEATURING LOCAL OR VISITING MUSICIANS AT REASONABLE COST IN INTIMATE SETTINGS IN SMA
NINOS CON AUTISMO DE SAN MIGUEL DE ALLENDE AC WORKS WITH AUSTIC CHILDREN TO PROVIDE THERAPEUTIC, PSYCHOLOGICAL, COGNITIVE AND BEHAVIORAL SUPPORT TO IMPROVE THEIR QUALITY OF LIFE AND TO HELP INTEGRATE THEM INTO SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Lane Simmons II Vice President | OfficerTrustee | 1 | $0 |
Mark Smith Treasurer | OfficerTrustee | 1 | $0 |
Addie Coral Romero Secretary | OfficerTrustee | 1 | $0 |
Donna Foudray President | OfficerTrustee | 30 | $0 |
Araceli Cerritos Bilingual Administrator | Officer | 10 | $0 |
Enrique Ramirez Corona Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $512,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,432 |
| Total Program Service Revenue | $0 |
| Investment income | $164,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,883 |
| Net Gain/Loss on Asset Sales | $2,063,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,748,373 |
| 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 | $636,545 |
| 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 | $1,288 |
| 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 | $4,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,657 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $949 |
| Travel | $178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $69 |
| All other expenses | $1,343 |
| Total functional expenses | $662,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,905 |
| Savings and temporary cash investments | $75,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $4,736 |
| 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 | $87,376 |
| Investments—publicly traded securities | $3,400,644 |
| Investments—other securities | $2,677,361 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,393,169 |
| 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 | $6,393,169 |
| Total liabilities and net assets/fund balances | $6,393,169 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that San Miguel Community Foundation has recieved totaling $2,205.
| Awarding Organization | Amount |
|---|---|
The Miles Family Foundation Wilmington, DE PURPOSE: I.R.E.E. SUPPORT | $2,000 |
Arch & Stella Rowan Foundation Inc San Antonio, TX PURPOSE: GENERAL SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For The Advancement Of Mexican Americans Houston, TX | $14,281,591 | $18,865,775 |
Alliance For Multicultural Community Services Houston, TX | $5,316,448 | $13,579,040 |
Dallas Inter-Tribal Center Dallas, TX | $12,013,562 | $5,781,705 |
Human Rights Initiative Of North Texas Inc Dallas, TX | $2,752,431 | $4,159,461 |
Native American Professional Parent Resources Inc Albuquerque, NM | $3,103,223 | $5,950,001 |
Institute Of American Indian Arts Foundation Santa Fe, NM | $1,499,180 | $4,615,471 |
Chinese Community Center Inc Houston, TX | $14,027,978 | $4,388,645 |
The Concilio Dallas, TX | $2,318,784 | $3,240,139 |
Casa Juan Diego Houston, TX | $3,406,957 | $3,223,288 |
New Mexico Immigrant Law Center Albuquerque, NM | $2,425,266 | $2,711,982 |
Surti Lueva Patidar Samaj Of Dfw Irving, TX | $8,297,594 | $2,622,226 |
Oro Development Corporation Oklahoma City, OK | $73,525 | $1,427,831 |