Mil Milagros Inc
- Assets
- $708.5k
- Revenue
- $714.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Somerville, MA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 77-0683799
Organization Overview
Mil Milagros Inc is located in Somerville, MA. The organization was established in 2007. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Mil Milagros Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mil Milagros 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, Mil Milagros Inc generated $714.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $571.7k during the year ending 12/2021. While expenses have increased by 6.5% 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
MIL MILAGROS EQUIPS WOMEN AND TEACHERS WITH SKILLS AND RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES IN RURAL GUATEMALA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD DEVELOPMENT PROGRAM- IN 2021, MM TAUGHT 200 MOTHERS ABOUT EARLY CHILDHOOD DEVELOPMENT, NUTRITION, HEALTH/HYGIENE, AND PARENTING IN MONTHLY VIDEOS BROADCAST ON LOCAL CABLE STATIONS AND SERVED 246 CHILDREN FROM BIRTH THROUGH AGE FIVE. AS A RESULT OF THE ONGOING PANDEMIC, ALL PARTICIPANTS RECEIVED EMERGENCY BASKETS WITH NUTRITIONAL SUPPLEMENTS, FOOD STAPLES AND HYGIENE SUPPLIES. NUTRITION PROGRAM - IN 2021, MM DELIVERED MORE THAN 18,000 EMERGENCY FOOD AND HYGIENE SUPPLY BASKETS TO ALL SCHOOL-AGED CHILDREN IN 11 PARTNER COMMUNITIES. VIDEOS WITH HEALTHY RECIPES WERE PRODUCED AND BROADCAST TO AN AUDIENCE OF 30,000+. EDUCATION PROGRAM - IN 2021, MM PROVIDED ALL 11 PARTNER SCHOOLS WITH BOOKS AND SCHOOL SUPPLIES. SINCE SCHOOLS WERE CLOSED FOR THE DURATION OF THE SCHOOL YEAR, MM STAFF PRODUCED AND BROADCAST EDUCATIONAL VIDEOS TO AN AUDIENCE OF 30,000+. ADDITIONALLY, TEACHERS CREATED A VIDEO LIBRARY OF MATH AND READING VIDEOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Daly Executive Di | OfficerTrustee | 40 | $83,210 |
Tim Bancroft Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Doe Clerk | OfficerTrustee | 1 | $0 |
Manfred Muehter Treasurer | OfficerTrustee | 1 | $0 |
Robert Hoyt Chair | OfficerTrustee | 1 | $0 |
Juan Gill Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,781 |
| Total Program Service Revenue | $10,749 |
| Investment income | $527 |
| 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 | $714,057 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,210 |
| Compensation of current officers, directors, key employees. | $8,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,554 |
| Payroll taxes | $11,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,313 |
| Advertising and promotion | $0 |
| Office expenses | $12,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,368 |
| Travel | $3,900 |
| 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 | $3,094 |
| Insurance | $1,034 |
| All other expenses | $7,748 |
| Total functional expenses | $571,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,510 |
| Savings and temporary cash investments | $273,888 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,476 |
| Net Land, buildings, and equipment | $4,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $708,515 |
| Accounts payable and accrued expenses | $13,002 |
| 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 | $13,002 |
| Net assets without donor restrictions | $590,447 |
| Net assets with donor restrictions | $105,066 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $708,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mil Milagros Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Webs Foundation Portsmouth, NH PURPOSE: DISADVANTAGED WOMEN | $5,000 |
Endowment Analysis
| Beg. Balance | $30,000 |
| Net Contributions | $20,000 |
| Other Expense | $30,000 |
| Ending Balance | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |