Guatemalan Tomorrow Fund Inc
- Assets
- $615.4k
- Revenue
- $567.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Jupiter, FL
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 65-0305897
Organization Overview
Guatemalan Tomorrow Fund Inc is located in Jupiter, FL. The organization was established in 1992. 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 12/2023, Guatemalan Tomorrow Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guatemalan Tomorrow Fund 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, Guatemalan Tomorrow Fund Inc generated $567.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $843.7k 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
ENABLE INDIGENOUS PEOPLE OF GUATEMALA TO BECOME SELF-SUSTAINING BY SUPPORTING PROJECTS THAT IMPROVE HEALTH CARE, REDUCE ILLITERACY, PROMOTE ENVIRONMENTALLY SOUND AGRICULTURE, RAISE INCOME LEVELS, INCREASE AWARENESS IN CIVIC AFFAIRS, AND HELP AT-RISK YOUTH GAIN EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS AND PROGRAM SUPPORT FOR FIELD OPERATIONS OF ASOCIACION AK' TENAMIT, A NON-PROFIT ASSOCIATION LOCATED IN GUATEMALA THAT PROVIDES EDUCATION, HEALTHCARE, AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debora Kerr Executive Director | Officer | 40 | $60,452 |
Steve Laine Director | Trustee | 1 | $0 |
Rick Smith Director | Trustee | 2 | $0 |
Gary Smith Director | Trustee | 1 | $0 |
Marcin Kubiak Director | Trustee | 1 | $0 |
Maureen Labadie Vice President | OfficerTrustee | 1 | $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 | $564,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,558 |
| Total Program Service Revenue | $0 |
| Investment income | $2,944 |
| 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 | $567,502 |
| 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 | $669,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,056 |
| Compensation of current officers, directors, key employees. | $25,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,659 |
| Payroll taxes | $8,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,480 |
| Office expenses | $759 |
| Information technology | $3,939 |
| Royalties | $0 |
| Occupancy | $7,689 |
| Travel | $9,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,150 |
| Insurance | $2,735 |
| All other expenses | $0 |
| Total functional expenses | $843,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,238 |
| 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 | $624 |
| Net Land, buildings, and equipment | $12,903 |
| Investments—publicly traded securities | $38,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,421 |
| Accounts payable and accrued expenses | $9,391 |
| 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 | $9,391 |
| Net assets without donor restrictions | $579,720 |
| Net assets with donor restrictions | $26,310 |
| 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 | $615,421 |