Mustakis Charitable Network Foundation Inc
- Assets
- $2.4m
- Revenue
- $105.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 81-4759389
Organization Overview
Mustakis Charitable Network Foundation Inc is located in Miami, FL. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Mustakis Charitable Network 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 12/2023, Mustakis Charitable Network Foundation Inc generated $105.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $116.6k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST LOW INCOME AND UNDER-PRIVILEGED PEOPLE. TO CREATE FUNDS AND ENDOWMENTS FOR FINANCING CHARITABLE PROJECTS AND ACTIVITIES.TO PROMOTE,SUPPORT AND FINANCE ACTIVITIES,PROJECTS OR PROGRAMS AIMED AT IMPROVING COMMUNITY LIFE'S CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED CHARITABLE CONTRIBUTIONS FROM OTHER FOREIGN FOUNDATION AND FROM PRIVATE FOREIGN COMPANIES. A CHARITABLE CONTRIBUTIONS WERE MADE TO EDUCATIONAL INSTITUTIONS - SUGAR HILL CHILDRENS MUSEUM NY AND FUNDACION INFINITO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Anastssiou Mustakis President | 1 | $0 | |
Matias Sahli Anastassiou Treasurer | 1 | $0 | |
Raul Toro Anastasiou Secretary | 1 | $0 | |
Jorge Lyon Echeverria Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75 |
| Dividends & Interest | $36,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,901 |
| Capital Gain Net Income | $66,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,261 |
| Total Revenue | $105,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $512 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,857 |
| Contributions, gifts, grants paid | $91,700 |
| Total expenses and disbursements | $116,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,604 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $2,404,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,410,138 |
| Accounts payable and accrued expenses | $135 |
| 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 | $188,639 |
| Total liabilities | $188,774 |