Maestro Cares Foundation
- Assets
- $6.2m
- Revenue
- $3.1m
- Investments
- $3.7m
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 45-3706112
Organization Overview
Maestro Cares Foundation is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Maestro Cares Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maestro Cares Foundation 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, Maestro Cares Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAESTRO CARES FOUNDATION IMPROVES THE QUALITY OF LIFE OF DISADVANTAGED CHILDREN AND COMMUNITIES IN LATIN AMERICA AND THE UNITED STATES. WE DO SO BY PROVIDING HOUSING, EDUCATIONAL PROGRAMMING AND THE ESSENTIAL RESOURCES TO SUPPORT THEIR GROWTH AND DEVELOPMENT. THROUGH OUR EFFORTS, WE ARE STRENGTHENING COMMUNITIES AND HELPING CHILDREN BECOME TOMORROW'S LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES FOR PROJECTS DURING 2021:ROOSEVELT SQUARE COMMUNITY CENTER SOS CHILDREN'S VILLAGES ILLINOIS IN CHICAGO, ILLINOIS, CENTER FOR WELLBEING AND HAPPINESS LOWER EASTSIDE GIRLS CLUB IN NEW YORK CITY, NEW YORK, JARDIN DE NINOS LA MASCOTA FUNDACION MIR MONTESSORI CHILDREN'S DAY CARE CENTER IN BUENOS AIRES, ARGENTINA, CENTRO VOCACIONAL FUNDACION JEISON ARISTIZABAL-ASODISVALLE VOCATIONAL SCHOOL IN CALI, COLOMBIA, CASITA DE BELEN ORPHANAGE CENTER IN CALI, COLOMBIA, CASA EN COMUNIDAD MAESTRO CARES ALDEAS INFANTILES SOS ECUADOR (PLACEMENT FACILITY) IN QUITO, ECUADOR, LA CASA LIBERTAD HOVDE/MAESTRO CARES FACE OF JUSTICE FREEDOM HOUSE FOR TRAFFICKED/EXPLOITED GIRLS IN SAN JOSE, COSTA RICA, ALBERGUE ISPIRA FUNDACION INSPIRA TEMPORARY PEDIATRIC FMAILY HOME IN LIMA, PERU, CASA DE ACOGIDA CORPORACION RENTAL INFANTIL MATER IN SANTIAGO, CHILE.
CHILD SPONSORSHIP PROGRAM, SCHOLARSHIPS AND CONTRIBUTIONS TO SOCIAL SERVICE ORGANIZATIONS
OTHER EXPENSES RELATED TO THE GRANT AND CONTRIBUTION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marco Antonio Muniz Vice Chairman | OfficerTrustee | 2.5 | $0 |
Peter Amaro Treasurer | OfficerTrustee | 2.5 | $0 |
Henry Cardenas Chairman | OfficerTrustee | 5 | $0 |
Elena Sotomayor Secretary | OfficerTrustee | 2.5 | $0 |
Amalia Gomez-Micone Director | Trustee | 1 | $0 |
Robert Unanue Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,581,876 |
| Noncash contributions included in lines 1a–1f | $4,961 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,654,756 |
| Total Program Service Revenue | $0 |
| Investment income | $54,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,996 |
| Net Income from Fundraising Events | $345,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,094,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,115,086 |
| 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 | $471,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,295 |
| Payroll taxes | $37,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,720 |
| Fees for services: Accounting | $6,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,458 |
| Advertising and promotion | $11,485 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,472 |
| 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 | $4,362 |
| Insurance | $9,897 |
| All other expenses | $66,732 |
| Total functional expenses | $2,524,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,096,807 |
| Savings and temporary cash investments | $61,904 |
| Pledges and grants receivable | $375,065 |
| 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 | $10,696 |
| Net Land, buildings, and equipment | $13,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,685,368 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,243,515 |
| Accounts payable and accrued expenses | $77,871 |
| 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 | $77,871 |
| Net assets without donor restrictions | $6,165,644 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,243,515 |
Grants Awarded
Over the last fiscal year, Maestro Cares Foundation has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CONTRIBUTION | $200,000 |
SOS CHILDREN'S VILLAGE IN CHICAGO PURPOSE: CONTRIBUTION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Maestro Cares Foundation has recieved totaling $130,442.
| Awarding Organization | Amount |
|---|---|
Somos Healthcare Providers Inc Bronx, NY PURPOSE: ANNUAL GALA | $75,000 |
Michael Fux Foundation Inc West Long Branch, NJ PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $12,500 |
Fundacion Good Bunny Inc San Juan, PR PURPOSE: DONATIONS TO IMPROVE THE QUALITY OF LIFE TO DISADVANTAGE CHILDREN AND COMMUNITIES IN LATIN AMERICAN AND THE UNITED STATES BY PROVIDING HOUSING EDUCATION AND THE ESSENTIAL RESOURCES TO SUPPORT THEIR GROWTH AND DEVELOPMENT. | $12,500 |
Perennial Foundation Palm Beach, FL PURPOSE: CHARITABLE CONTRIBUTION - IMPROVES THE QUALITY OF LIFE OF DISADVANTAGED CHILDREN AND COMMUNITIES IN LATIN AMERICA AND THE UNITED STATES. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Global Foodbanking Network Chicago, IL | $18,753,140 | $16,426,499 |
Christel House International Inc Indianapolis, IN | $93,680,993 | $18,546,381 |
Water For Good Indianapolis, IN | $3,104,528 | $5,973,756 |
Outreach International Kansas City, MO | $4,310,238 | $3,767,343 |
Waterequity Inc Kansas City, MO | $22,174,909 | $3,748,536 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Building Tomorrow Inc Indianapolis, IN | $2,584,263 | $2,537,452 |
Andean Health And Development Inc Madison, WI | $1,250,881 | $2,191,153 |
Maestro Cares Foundation Chicago, IL | $6,243,515 | $3,094,225 |
International Book Project Inc Lexington, KY | $1,015,924 | $2,389,161 |
The Human Development Foundation Of North America Oak Brook, IL | $4,594,028 | $2,738,864 |
Proem Support Ministries Inc Louisville, KY | $1,122,442 | $2,659,855 |