Mil Milagros Inc
- Assets
- $899.3k
- Revenue
- $751.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Somerville, MA
- Founding
- 09/2007
- Data as of
- 12/2022
- 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 12/2022, Mil Milagros Inc employed 3 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 12/2022, Mil Milagros Inc generated $751.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $564.7k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
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 - MIL MILAGROS TAUGHT MORE THAN 150 MOTHERS ABOUT EARLY CHILDHOOD DEVELOPMENT, NUTRITION, HEALTH/HYGIENE, AND PARENTING IN IN-PERSON CLASSES AND VIDEOS BROADCAST ON LOCAL CABLE STATIONS, AND SERVED NEARLY 200 CHILDREN FROM BIRTH THROUGH AGE THREE. PROGRAM ACTIVITIES LED TO A REDUCTION IN SEVERE CHRONIC MALNUTRITION FROM 25% TO 21% AMONG PARTICIPATING CHILDREN 0 TO 3 YEARS OLD. EDUCATION PROGRAM - IN 2022, MIL MILAGROS EXPANDED ITS ADVANCED LITERACY TECHNIQUES COURSE TO ALL INTERESTED TEACHERS IN OUR 11 PARTNER SCHOOLS, AND PROVIDED SUPPLIES, BOOKS, AND TEACHING SUPPORT TO ALL TEACHERS. WE PILOTED A TRAVELING LIBRARY PROGRAM TO ENSURE CHILDREN AND TEACHERS HAVE ACCESS TO A VARIETY OF CULTURALLY APPROPRIATE STORYBOOKS. AT YEAR-END, 74% OF FIRST GRADERS WERE READING ON GRADE LEVEL. HEALTH AND HYGIENE PROGRAM - SCHOOLS REOPENED ON A HYBRID SCHEDULE IN MARCH 2022 AND MIL MILAGROS PROVIDED ADDITIONAL RESOURCES AND SUPPORT TO ENSURE COMPLIANCE WITH HYGIENE PROTOCOLS. IN ADDITION TO THE HYGIENE SUPPLIES NORMALLY PROVIDED, MM PROVIDED MASKS AND HAND SANITIZER TO ALL 11 PARTNER SCHOOLS. STAFF TRAINED MOTHER LEADERS TO COMPLY WITH AND MONITOR THE GOVERNMENT-MANDATED HYGIENE PROTOCOLS AND MOTHER AND STUDENT LEADERS LED VIRTUAL PUBLIC HEALTH CAMPAIGNS IN THEIR SCHOOLS. 100% OF CHILDREN HAD ACCESS TO HYGIENE SUPPLIES AND WATER FILTERS AT SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Daly Executive Di | OfficerTrustee | 40 | $100,880 |
Tim Bancroft Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Doe Member | OfficerTrustee | 1 | $0 |
Juan Gill Member | Trustee | 1 | $0 |
Robert Hoyt Chair | OfficerTrustee | 1 | $0 |
Manfred Muehter Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $672,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,018 |
| Total Program Service Revenue | $8,144 |
| Investment income | $131 |
| 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 | $751,293 |
| 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. | $100,880 |
| Compensation of current officers, directors, key employees. | $10,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,395 |
| Payroll taxes | $16,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,887 |
| Advertising and promotion | $105 |
| Office expenses | $6,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,088 |
| Travel | $6,863 |
| 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 | $4,148 |
| All other expenses | $7,825 |
| Total functional expenses | $564,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,595 |
| Savings and temporary cash investments | $177,699 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $21,354 |
| 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 | $3,141 |
| Net Land, buildings, and equipment | $1,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $899,336 |
| Accounts payable and accrued expenses | $13,307 |
| 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 | $3,931 |
| Total liabilities | $17,238 |
| Net assets without donor restrictions | $694,356 |
| Net assets with donor restrictions | $187,742 |
| 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 | $899,336 |