Musigmaphi Foundation Nfp

Organization Overview

Musigmaphi Foundation Nfp is located in Concord, NC. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musigmaphi Foundation Nfp 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 12/2021, Musigmaphi Foundation Nfp generated $125.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $61.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RESTRICTED FUNDS UNDER THE GENERAL FUND INCLUDES ALL THE SERVICE PROGRAMS THE ORGANIZATION DID FOR 2021 INCLUDING THE IMMUNITY FUND, THE PEDIATRIC WEBINAR, THE PGH BANTAY FUND, THE DOCTORS TO THE BARRIOS PROGRAM, SCHOLARSHIP FUND, AND THE DONATION TO THE UP-MANILA DEVELOPMENT FOUNDATION.


THE TYPHOON ODETTE FUND WAS CREATED TO HELP THE VICTIMS OF TYPHOON ODETTE WHICH HIT THE PHILIPPINES IN MID-DECEMBER OF 2021


THE 2020 FUNDRAISING CAMPAIGN WAS A CAMPAIGN TO RAISE FUNDS FOR ANY PROJECT THAT THE MU SIGMA PHI FOUNDATION NEEDED FUNDING FOR.


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Board, Officers & Key Employees

Name (title)Compensation
Ishwar Gopichand
President
$0
Rosario N Santos-Chua
President Elect
$0
Renato Mandanas
Secretary
$0
Godofredo Garcia
Treasurer
$0
Michael Medina
Auditor
$0
Guia Razon-Palma
Pro
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,750
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$109,623
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$113,373
Total Program Service Revenue$0
Investment income $12,255
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 $125,628

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Musigmaphi Foundation Nfp has recieved totaling $1,179.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$179
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$261,523
Earnings$12,253
Admin Expense$4,570
Net Contributions$35,152
Ending Balance$304,358

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