Maestro Cares Foundation

Tax-deductible

Chicago, IL501(c)(3)Since 2011InternationalEIN 45-3706112

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.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 18 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $1.7M a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 3% of spending
Top officer’s pay lower than 81% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $62K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.1M
+69% vs prior year
Spent
$5.6M
To programs
72%
Net assets
$14.6M
By yearFY2020–FY2024
Revenue
$10.1M
FY2024▲ +69%
Revenue by fiscal year
FY2020$1.5M
FY2021$3.1M
FY2022$7.1M
FY2023$6.0M
FY2024$10.1M
Expenses
$5.6M
FY2024▲ +7%
Expenses by fiscal year
FY2020$1.6M
FY2021$2.5M
FY2022$4.4M
FY2023$5.3M
FY2024$5.6M
Net assets
$14.6M
FY2024▲ +53%
Net assets by fiscal year
FY2020$5.5M
FY2021$6.2M
FY2022$8.5M
FY2023$9.5M
FY2024$14.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2012.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $4.0M Management & general 15% · $849K Fundraising 13% · $724K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$157,731Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Zayda Cardenas’s $158K as Executive Director is at the 19th percentile of top reported officer pay among 345 $10–100M international 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Zayda Cardenas$157,731$141,612—
Zaydy Cardenas——$135,857

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.

See Maestro Cares Foundation executive salaries →

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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 15aYes

Programs and updates

Provides housing, education, and resources to help disadvantaged children and communities thrive.

Provided by the organization

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2 program services account for $3.1M of program spending, described in the organization's own filed words · FY2024.
01

Expenses for Projects Included the Following During 2024

Small steps nurturing center-houston, texas; ronald mcdonald house charities-lurie kitchen chicago, illinois; casita de belen orphanage center in cali, colombia, casa en comunidad maestro cares aldeas infantiles sos ecuador (placement facility) in quito, ecuador; casa hogar alergia expansion in colombia; agrupacion de damas hebreas…

$2.7Mprogram expense
02

Child sponsorship program, scholarships and contributions to social service organizations

$411Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$62K
See all 4 funders →
Grants paid · 12 grants · $1.7M · 2020–2024
Small Steps Nurturing CenterTX · FY2024$300,000
Ronald McDonald House Charities-Lurie Kitchen ChicagoFY2024$100,000
Sos Children's Village in CaliforniaCA · FY2023$250,000
Small Steps Nurturing CenterTX · FY2023$200,000
Lower East Side Girls ClubNY · FY2023$200,000
Lower East Side Girls ClubNY · FY2022$200,000
Sos Children's Village in ChicagoFY2022$50,000
Lower East Side Girls ClubNY · FY2021$200,000
Sos Children's Village in ChicagoFY2021$50,000
Sos Children's Village in ChicagoFY2020$75,000
We Are All Human FoundationNY · FY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.1M
Ln 12
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$171K
Money outPt IX
$5.6M
Ln 25
Programscol B$4.0M
Managementcol C$849K
Fundraisingcol D$724K
Owns and owesPt X
$14.6M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$16.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Noncash giftsLn 1g$141K
Fundraising eventsLn 1c$1.5M
Investment incomeLn 3$171K
Gains on assetsLn 7$44K
Total revenueLn 12$10.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$5.9M
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$754K
Total assetsLn 16$16.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32$14.6M
OperationsPt I, VI
EmployeesI 59
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.3M$5.9M
InvestmentsLn 11–13$7.5M$7.2M
Land, buildings, equipmentLn 10c$28K$27K
Total assetsLn 16$12.0M$16.3M
LiabilitiesLn 26$2.4M$1.7M
Net assetsLn 32$9.5M$14.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$400K$400K
Grants and assistance to foreign recipientsLn 3$1.7M$1.7M
Other salaries and wagesLn 7$812K$515K$147K$149K
Other employee benefitsLn 9$76K$52K$8K$15K
Payroll taxesLn 10$62K$39K$11K$11K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$531K$124K$284K$123K
Advertising and promotionLn 12$5K$5K$40
OccupancyLn 16$192K$192K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$1.7M$1.2M$45K$388K
All other expensesLn 24e$166K$8K$122K$37K
Total functional expensesLn 25$5.6M$4.0M$849K$724K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $10.1M$5.6M$4.5M$14.6M 990 PDF
FY2023 $6.0M$5.3M$730K$9.5M 990 PDF
FY2022 $7.1M$4.4M$2.7M$8.5M 990 PDF
FY2021 $3.1M$2.5M$569K$6.2M 990 PDF
FY2020 $1.5M$1.6M−$97K$5.5M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $10,087,332 across 9 lines filed
VIII-1c Fundraising events$1,482,785
VIII-1f All other contributions, gifts and grants$8,644,175
VIII-1g Noncash contributions (included above)$141,409
VIII-1h Total contributions, gifts and grants$10,126,960
VIII-3 Investment incomeRelated to mission $126,817$126,817
VIII-7 Net gain or loss on sales of assetsRelated to mission $44,173$44,173
VIII-8 Net income from fundraising eventsExcluded from tax −$213,702−$213,702
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,084$3,084
VIII-12 Total revenueRelated to mission $174,074 · Unrelated business $0 · Excluded from tax −$213,702$10,087,332
Part IX · Statement of functional expenses $5,601,170 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $400,000$400,000
IX-3 Grants and assistance to foreign recipientsPrograms $1,669,042$1,669,042
IX-7 Other salaries and wagesPrograms $515,007 · Management $147,384 · Fundraising $149,277$811,668
IX-9 Other employee benefitsPrograms $52,241 · Management $8,328 · Fundraising $15,142$75,711
IX-10 Payroll taxesPrograms $39,349 · Management $11,261 · Fundraising $11,406$62,016
IX-11b Legal feesManagement $6,572$6,572
IX-11c Accounting feesManagement $8,691$8,691
IX-11g Other fees for servicesPrograms $123,616 · Management $284,481 · Fundraising $122,626$530,723
IX-12 Advertising and promotionPrograms $4,697 · Fundraising $40$4,737
IX-16 OccupancyManagement $192,016$192,016
IX-22 Depreciation, depletion and amortizationManagement $10,966$10,966
IX-23 InsuranceManagement $11,716$11,716
IX-24 Other expenses (24a–d)Programs $1,217,326 · Management $45,240 · Fundraising $388,273$1,650,839
IX-24e All other expensesPrograms $7,599 · Management $121,986 · Fundraising $36,888$166,473
IX-25 Total functional expensesPrograms $4,028,877 · Management $848,641 · Fundraising $723,652$5,601,170
Part X · Balance sheet $16,301,212 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,862,752$3,025,840
X-2 Savings and temporary cash investmentsStart of year $421,249$2,895,240
X-3 Pledges and grants receivableStart of year $1,416,568$2,301,063
X-9 Prepaid expenses and deferred chargesStart of year $7,817$52,660
X-10c Land, buildings and equipment, netStart of year $28,252$27,496
X-11 Publicly traded securitiesStart of year $7,484,065$7,244,490
X-15 Other assetsStart of year $761,686$754,423
X-16 Total assetsStart of year $11,982,389$16,301,212
X-17 Accounts payable and accrued expensesStart of year $1,653,855$749,577
X-19 Deferred revenueStart of year $22,500$118,000
X-25 Other liabilitiesStart of year $761,686$797,066
X-26 Total liabilitiesStart of year $2,438,041$1,664,643
X-27 Net assets without donor restrictionsStart of year $9,544,348$14,636,569
X-32 Total net assets or fund balancesStart of year $9,544,348$14,636,569
X-33 Total liabilities and net assetsStart of year $11,982,389$16,301,212
Part XI · Reconciliation of net assets $14,636,569 net assets at year end
XI-1 Total revenue$10,087,332
XI-2 Total expenses$5,601,170
XI-3 Revenue less expenses$4,486,162
XI-4 Net assets at start of year$9,544,348
XI-5 Net unrealized gains (losses) on investments$606,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,636,569

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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