Mtz Charity Inc
- Assets
- $1.0m
- Revenue
- $212.6k
- Investments
- $939.8k
- Employees
- 0
- Location
- Spring, TX
- Founding
- 02/2020
- Data as of
- 12/2023
- EIN
- 84-3960514
Organization Overview
Mtz Charity Inc is located in Spring, TX. The organization was established in 2020. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Mtz Charity 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, Mtz Charity Inc generated $212.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $960.0 during the year ending 12/2023. 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
THIS CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR CHARITABLE PURPOSES. THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, TO SERVE INDIVIDUALS AND FAMILIES IN THE POOREST COMMUNITIES IN THE WORLD. THE CORPORATION SHALL PROVIDE ESSENTIAL FINANCIAL AND MATERIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES OR TO CHARITABLE ORGANIZATIONS WHICH PROVIDE ESSENTIAL FINANCIALS AND MATERIAL ASSISTANCE TO INDIVIDUALS AND FAMILY IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CORPORATION IS A NONPROFIT PUBLIC BENEFIT ORGANIZATION, ESTABLISHED NOT FOR THE PRIVATE GAIN OF ANY INDIVIDUAL BUT UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR CHARITABLE PURPOSES. IT IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE PRIMARY MISSION OF THIS CORPORATION IS TO SERVE INDIVIDUALS AND FAMILIES IN THE POOREST COMMUNITIES AROUND THE GLOBE. TO ACHIEVE THIS MISSION, THE CORPORATION WILL PROVIDE ESSENTIAL FINANCIAL AND MATERIAL ASSISTANCE EITHER DIRECTLY TO INDIVIDUALS AND FAMILIES OR TO CHARITABLE ORGANIZATIONS THAT SUPPORT SUCH INDIVIDUALS AND FAMILIES. ADDITIONALLY, THE CORPORATION AIMS TO SUPPORT EDUCATIONAL, RELIGIOUS INSTITUTIONS, AND INITIATIVES THAT ADDRESS MEDICAL AND BASIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Imran S Nathani Director | Trustee | 0 | $0 |
Rubab Nathani Director | Trustee | 0 | $0 |
Zaid Nathani Director | Trustee | 0 | $0 |
Taha Nathani Director | Trustee | 0 | $0 |
Mashal Nathani Director | Trustee | 0 | $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 | $208,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,000 |
| Total Program Service Revenue | $0 |
| Investment income | $4,598 |
| 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 | $212,598 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960 |
| 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 | $0 |
| 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 | $960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,804 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $939,765 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,569 |
| 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 | $1,031,569 |
| Total liabilities and net assets/fund balances | $1,031,569 |