San Miguel Community Foundation
- Assets
- $8.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 08/1976
- Data as of
- 12/2023
- 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 12/2023, San Miguel Community Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $838.8k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAN MIGUEL COMMUNITY FOUNDATION (SMCF) GRANTS CHARITABLE FUNDS FOR THE BENEFIT OF SAN MIGUEL DE ALLENDE'S MOST NEEDY NON-PROFIT MEXICAN CHARITIES. OVER 47 CHARITIES WERE GIVEN GRANTS ALMOST ALL WITH MEXICAN ASSOCIATION. WE PASSTHROUGH DONATIONS FOR CIVIL ASSOCIATIONS IN MEXICO WITH A CHARGE FEE OF 5%. THANK YOU TO AN ENDOWMENT FUND DONATED FROM TOM MCMULLIN SINCE 2002 WE ARE ABLE TO GIVE GRANTS TO THE CIVIL ASSOCIATIONS UNDER SPECIFIC PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, WE RAISED FUNDS & SERVED OVER 30 CHARITABLE ORGANIZATIONS IN MEXICO SUPPORTING THE SAN MIGUEL DE ALLENDE AND SURROUNDING COMMUNITY. THESE ORGANIZATIONS SUPPORT CAUSES SUCH AS EMERGENCY AID, ORPHANAGES, EDUCATION & SCHOLARSHIPS, ANIMALS, WATER SERVOIRS, ARTS & MUSIC, GRAFFITI REMOVING, THERAPIES, AND NATURE PRESERVATION.
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 |
|---|---|---|---|
Romina Rosario Alvear Director | Trustee | 5 | $0 |
Enrique Ramirez Corona Director | Trustee | 5 | $0 |
William Joseph Duval Director | Trustee | 5 | $0 |
Jay Francis Director | Trustee | $0 | |
Jeff Spears Director | Trustee | 5 | $0 |
Dwight Lane Simmons II Secretary | Officer | 5 | $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 | $801,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $801,869 |
| Total Program Service Revenue | $0 |
| Investment income | $789,298 |
| 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 | $1,591,167 |
| 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 | $794,949 |
| 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 | $22,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,268 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $838,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,976 |
| Savings and temporary cash investments | $0 |
| 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 | $4,668 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $87,376 |
| Investments—publicly traded securities | $7,703,889 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,035,909 |
| 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 | $8,035,909 |
| Total liabilities and net assets/fund balances | $8,035,909 |