Coromoto 2020
- Assets
- $38.4k
- Revenue
- $194.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- Data as of
- 12/2022
- EIN
- 86-3558682
Organization Overview
Coromoto 2020 is located in Excelsior, MN. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Coromoto 2020 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, Coromoto 2020 generated $194.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $186.5k during the year ending 12/2022. 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
COROMOTO 2020 MISSION IS TO COLLECT CONTRIBUTIONS AND USE THEM FOR CHARITABLE OR EDUCATIONAL PURPOSES INCLUDING BUT NOT LIMITED TO PROVIDING FOOD, CLOTHING, HEALTH, EDUCATION AND PSYCHOLOGICAL ASSISTANCE TO THE POOR, THE DISTRESSED AND UNDERPRIVILEGED, AS WELL AS OTHER INSTITUTIONS OF A SOCIAL AND SPIRITUAL NATURE SUCH AS FAMILY HOMES, NURSING HOMES, SOUP KITCHENS OR SEMINARIES; AND TO FOSTER AND SUPPORT OTHER PROJECTS LED BY COROMOTO 2020, A NOT-FOR-PROFIT ORGANIZATION ORGANIZED UNDER THE LAWS OF VENEZUELA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COROMOTO 2020 (US) PAYED FOR FOOD SUPPLIERS, LOCAL REPRESENTATIVES AND LOCAL PAYMENTS OF COROMOTO 2020 VENEZUELA.
BANK FEES
COROMOTO 2020 (US) PAYED FOR ADMINISTRATIVE AND MARKETING EXPENSES OF COROMOTO 2020 VENEZUELA
SHIPPING COST INCURRED TO SEND FOOD TO VENEZUELA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milena Gonzalez President | Trustee | 1 | $0 |
Mario Gonzalez Secretary | Trustee | 1 | $0 |
Maria Fernanda Polanco Treasurer | 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 | $194,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,085 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $194,085 |
| 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 | $186,478 |
| 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 | $0 |
| 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 | $186,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,424 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,424 |
| 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 | $30,817 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,607 |
| Total liabilities and net assets/fund balances | $38,424 |