The Pedro J Martinez And Brothers Foundation
- Assets
- $377.1k
- Revenue
- $642.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1999
- Data as of
- 11/2023
- EIN
- 91-1983749
Organization Overview
The Pedro J Martinez And Brothers Foundation is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Pedro J Martinez And Brothers 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 11/2023, Pedro J Martinez And Brothers Foundation generated $642.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $512.2k during the year ending 11/2023. While expenses have increased by 35.1% per year over the past 2 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO MEET EVERY CHILD'S EDUCATIONAL, MEDICAL AND EMOTIONAL NEEDS, IN ORDER TO EQUIP THEM TO BREAK THE CYCLE OF POVERTY IN THEIR FAMILIES AND COMMUNITIES THROUGH OUR COMMUNITY CENTER AND PROGRAMS.
Describe the Organization's Program Activity:
THE PEDRO MARTINEZ FOUNDATION (PMF) DURING THE TIMEFRAME BETWEEN DECEMBER 1, 2022 TO NOVEMBER 30, 2023 ACCOMPLISHED MANY EXCITING PROJECTS AND INITIATIVES ALL SERVING THE COMMON GOAL OF HELPING DISADVANTAGED YOUTH HAVE ACCESS TO GOOD EDUCATION, HEALTH AND SPORTS. OUR TARGET AND FOCUSED AUDIENCE IS YOUTH STRUGGLING WITH DIFFICULT SITUATIONS LIKE GROWING UP IN A HOUSEHOLD WITH ONE OR NO PARENTS, YOUTH INVOLVED IN DRUGS, YOUTH THAT HAVE NO OPPORTUNITIES FOR EDUCATION, YOUTH FACING MAJOR MEDICAL PROBLEMS AND MANY OTHER AREAS OF FOCUS. PMF'S SERVICES INCREASED DURING THIS TIME FRAME AND NOW WE SERVE 56 DIFFERENT COMMUNITIES IN THE UNITED STATES AND LATIN AMERICA WITH OUR LIFE CHANGING PROGRAMS. ALSO, TO DATE PMF HAS SERVED OVER 200,000 YOUTH WITH ITS PROGRAMS AND THIS NUMBER CONTINUES TO INCREASE EVERY YEAR BECAUSE OF GENEROUS DONOR SUPPORT. ALSO, DURING THIS TIMEFRAME PMF HAS CONTINUED TO BUILD ITS FLAGSHIP EDUCATION AND SPORTS CAMPUS LOCATED IN THE DOMINICAN REPUBLIC THAT WILL OFFER EXCELLENT EDUCATION AND SPORTS PROGRAMS TO THE 1700 YOUTH THAT WILL ATTEND THIS SCHOOL. THIS CAMPUS WILL ALSO HAVE A MEDICAL AND DENTAL BUILDING THAT WILL ALLOW THE SURROUNDING COMMUNITY TO RECEIVE FREE HEALTHCARE. THIS COMPLEX IS EXPECTED TO BE FINISHED IN 2025. WE CONTINUE TO THANK YOU FOR YOUR GENEROUS SUPPORT AND PARTNERSHIP AS WE REACH MANY YOUTH IN THE UNITED STATES AND LATIN AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolina Cruz DE Martinez Trustee | OfficerTrustee | 10 | $0 |
Pedro J Martinez Trustee | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $359,628 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,354 |
| 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 | -$166,923 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,439 |
| 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 | $228,754 |
| 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 | $36,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $74,298 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,449 |
| Advertising and promotion | $6,183 |
| Office expenses | $19,527 |
| Information technology | $948 |
| 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 | $25,574 |
| Interest | $1,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,020 |
| All other expenses | $256 |
| Total functional expenses | $512,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,090 |
| 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 | $377,090 |
| Accounts payable and accrued expenses | $61,928 |
| 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 | $61,928 |
| Net assets without donor restrictions | $315,162 |
| 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 | $377,090 |