Maxwell Foundation INC FY2020 filing

Tax-deductible

Miami Lakes, FL501(c)(3)EmploymentEIN 45-1992465

The maxwell foundation INC was established in order to provide high quality, research driven solution for children, youth, and families facing a disability.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
Spent
$112K
To programs
100%
Net assets
$105K
By yearFY2020–FY2024
Revenue
$237K
FY2020
Revenue by fiscal year
FY2020$237K
FY2021$23K
FY2022$23K
FY2023$17K
FY2024$148K
Expenses
$112K
FY2020
Expenses by fiscal year
FY2020$112K
FY2021$101K
FY2022$92K
FY2023$62K
FY2024$100K
Net assets
$105K
FY2020
Net assets by fiscal year
FY2020$105K
FY2021$26K
FY2022−$43K
FY2023−$88K
FY2024−$39K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $112K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation
$6,600Pt VII · Sec A
Vice-President
$0Pt VII · Sec A

Saimary Rivero’s $10K as President is at the 21st percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Saimary Rivero$10,400$10,400$10,400$10,200$6,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides research-driven solutions for children, youth, and families facing disabilities.

Provided by the organization

This section is blank until Maxwell Foundation INC claims this page.

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1 program service account for $112K of program spending, described in the organization's own filed words · FY2020.
01

Improving mental health and equitable access for people with disabilities. Creating nurturing spaces for growth and development through inclusiveness, equity, cooperation, courage and flexibility.

$112Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Fees for servicesLn 2g$237K
Money outPt IX
$112K
Ln 25
Programscol B$112K
Owns and owesPt X
$105K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$110K
LiabilitiesLn 26$6K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$237K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$8
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$959
Total assetsLn 16$110K
LiabilitiesLn 26$6K
Net assetsLn 32$105K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$696$3K
Land, buildings, equipmentLn 10c$3K$959
Total assetsLn 16$4K$110K
LiabilitiesLn 26$24K$6K
Net assetsLn 32−$21K$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$7K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1K$1K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$812$812
Management feesLn 11a$74K$74K
Legal feesLn 11b$0
Accounting feesLn 11c$775$775
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$0
Total functional expensesLn 25$112K$112K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $148K$100K$48K−$39K 990 PDF
FY2023 $17K$62K−$45K−$88K 990 PDF
FY2022 $23K$92K−$69K−$43K 990 PDF
FY2021 $23K$101K−$79K$26K 990 PDF
FY2020 Viewing $237K$112K$125K$105K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $237,128 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$237,128
VIII-12 Total revenue$237,128
Part IX · Statement of functional expenses $111,799 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $6,600$6,600
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,154$1,154
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $812$812
IX-11a Management feesPrograms $74,123$74,123
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $775$775
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technologyPrograms $1,070$1,070
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,032$2,032
IX-23 InsurancePrograms $2,565$2,565
IX-24 Other expenses (24a–d)Programs $22,668$22,668
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $111,799 · Management $0 · Fundraising $0$111,799
Part X · Balance sheet $110,386 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $688$3,177
X-2 Savings and temporary cash investmentsStart of year $8$8
X-4 Accounts receivable$106,242
X-10c Land, buildings and equipment, netStart of year $2,990$959
X-16 Total assetsStart of year $3,686$110,386
X-17 Accounts payable and accrued expensesStart of year $100$229
X-26 Total liabilitiesStart of year $24,404$5,775
X-27 Net assets without donor restrictionsStart of year −$20,718$104,611
X-32 Total net assets or fund balancesStart of year −$20,718$104,611
X-33 Total liabilities and net assetsStart of year $3,686$110,386
Part XI · Reconciliation of net assets $104,611 net assets at year end
XI-1 Total revenue$237,128
XI-2 Total expenses$111,799
XI-3 Revenue less expenses$125,329
XI-4 Net assets at start of year−$20,718
XI-10 Net assets at end of year$104,611

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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