Mbi Charitable Inc
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pembroke Pines, FL
- Founding
- Data as of
- 12/2023
- EIN
- 86-1420855
Organization Overview
Mbi Charitable Inc is located in Pembroke Pines, FL. 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. Mbi Charitable 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, Mbi Charitable Inc generated $57.5k in total revenue.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE ELDERLY WITH RESOURCES AND SUPPORT. THE ORGANIZATION ACCOMPLISHES THIS BY PROVIDING GRANTS TO NURSING FACILITIES AND HOMECARE ORGANZIATIONS WHICH ARE USED TO PROVIDE CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3
TO ASSIST THE ELDERLY WITH RESOURCES AND SUPPORT. THE ORGANIZATION ACCOMPLISHES THIS BY PROVIDING GRANTS TO NURSING FACILITIES AND HOMECARE ORGANZIATIONS WHICH ARE USED TO PROVIDE CARE FOR THE ELDERLY. AS THE ORGANIZATION WAS FORMED ON DECEMBER 28, 2020, THESE ACTIVITIES DID NOT BEGING UNTIL 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yosef Rudd President | 5 | $0 | |
Levi Y Rudd Treasurer | 5 | $3,870 | |
Anne Ochoa Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,648 |
| Total Program Service Revenue | $17,000 |
| Membership dues | $0 |
| Investment income | $12,891 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,539 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,870 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $546 |
| Printing, publications, postage, and shipping | $373 |
| Other expenses | $0 |
| Total expenses | $82,894 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,067 |
| Other assets | $0 |
| Total assets | $2,067 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,067 |