Maestro Cares Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2011InternationalEIN 45-3706112Revenue $1.5M in FY2020

On file with the IRSmaestrocares.org1459 W Hubbard St, 60642-6343 · Chicago, ILTax-exempt since Oct 2012Publicly supported charity — 170(b)(1)(A)(vi)

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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.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 28.1 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
$103K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.6M
To programs
60%
Net assets
$5.5M
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$3.1M
FY2022$7.1M
FY2023$6.0M
FY2024$10.1M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.5M
FY2022$4.4M
FY2023$5.3M
FY2024$5.6M
Net assets
$5.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.2M
FY2022$8.5M
FY2023$9.5M
FY2024$14.6M

From the FY2020 Form 990 · figures checked against the IRS filing · 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 Oct 2012.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $950K Management & general 18% · $278K Fundraising 22% · $349K

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt 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
Director
$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.

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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.

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Provided by the organization

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2 programs · $678K · in their own filed words · FY2020
01

Expenses for Projects During 2020

La paz, bolivia (home for orphaned and at risk children), chicago, illinois (community center for foster children), guadalajara, mexico (girls' home), san jose, costa rica (freedom house for young girls who have been trafficked or sexually exploited), cali, colombia (new wing of orphanage), cali, colombia (recreational and classrooms of…

$511Kprogram expense
02

Child sponsorship program and contributions to social service organizations

$167Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$155K
Money outPt IX
$1.6M
Ln 25
Programscol B$950K
Managementcol C$278K
Fundraisingcol D$349K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$5.6M
LiabilitiesLn 26$103K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$98K
Noncash giftsLn 1g$59K
Fundraising eventsLn 1c$45K
Investment incomeLn 3$155K
Gains on assetsLn 7$109K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$5.6M
LiabilitiesLn 26$103K
Net assetsLn 32$5.5M
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 FY20End FY20
Cash and savingsLn 1–2$4.1M$3.7M
InvestmentsLn 11–13$1.6M$1.7M
Land, buildings, equipmentLn 10c$13K$13K
Total assetsLn 16$6.2M$5.6M
LiabilitiesLn 26$674K$103K
Net assetsLn 32$5.6M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$101K$101K
Grants and assistance to foreign recipientsLn 3$513K$513K
Other salaries and wagesLn 7$348K$212K$59K$77K
Other employee benefitsLn 9$40K$24K$7K$9K
Payroll taxesLn 10$28K$17K$5K$6K
Other fees for servicesLn 11g$128K$3K$33K$92K
OccupancyLn 16$112K$112K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$219K$78K$6K$134K
All other expensesLn 24e$75K$1K$42K$32K
Total functional expensesLn 25$1.6M$950K$278K$349K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $1,481,025 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,335,571$1,331,757
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $49,741$154,948
I-11 Other revenuePrior year $207,505−$5,680
I-12 Total revenuePrior year $3,592,817$1,481,025
I-13 Grants and similar amounts paidPrior year $1,612,169$614,200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $430,762$415,716
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $723,784$547,980
I-18 Total expensesPrior year $2,766,715$1,577,896
I-19 Revenue less expensesPrior year $826,102−$96,871
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,481,025 across 10 lines filed
VIII-1c Fundraising events$45,000
VIII-1e Government grants$97,735
VIII-1f All other contributions, gifts and grants$1,189,022
VIII-1g Noncash contributions (included above)$59,482
VIII-1h Total contributions, gifts and grants$1,331,757
VIII-3 Investment incomeRelated to mission $46,385$46,385
VIII-7 Net gain or loss on sales of assetsRelated to mission $108,563$108,563
VIII-8 Net income from fundraising eventsExcluded from tax −$8,924−$8,924
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,244$3,244
VIII-12 Total revenueRelated to mission $158,192 · Unrelated business $0 · Excluded from tax −$8,924$1,481,025
Part IX · Statement of functional expenses $1,577,896 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $101,000$101,000
IX-3 Grants and assistance to foreign recipientsPrograms $513,200$513,200
IX-7 Other salaries and wagesPrograms $212,445 · Management $59,206 · Fundraising $76,620$348,271
IX-9 Other employee benefitsPrograms $24,268 · Management $6,763 · Fundraising $8,752$39,783
IX-10 Payroll taxesPrograms $16,873 · Management $4,703 · Fundraising $6,086$27,662
IX-11g Other fees for servicesPrograms $2,967 · Management $33,011 · Fundraising $91,812$127,790
IX-16 OccupancyManagement $112,472$112,472
IX-22 Depreciation, depletion and amortizationManagement $4,392$4,392
IX-23 InsuranceManagement $9,714$9,714
IX-24 Other expenses (24a–d)Programs $78,444 · Management $6,188 · Fundraising $134,124$218,756
IX-24e All other expensesPrograms $1,053 · Management $41,984 · Fundraising $31,819$74,856
IX-25 Total functional expensesPrograms $950,250 · Management $278,433 · Fundraising $349,213$1,577,896
Part X · Balance sheet $5,588,206 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,134,820$1,084,781
X-2 Savings and temporary cash investments$2,608,860
X-3 Pledges and grants receivableStart of year $402,128$4,615
X-9 Prepaid expenses and deferred chargesStart of year $99,877$211,115
X-10c Land, buildings and equipment, netStart of year $13,296$13,336
X-12 Other securitiesStart of year $1,595,441$1,665,499
X-16 Total assetsStart of year $6,245,562$5,588,206
X-17 Accounts payable and accrued expensesStart of year $257,763$23,417
X-19 Deferred revenueStart of year $416,381$80,000
X-26 Total liabilitiesStart of year $674,144$103,417
X-27 Net assets without donor restrictionsStart of year $5,571,418$5,484,789
X-32 Total net assets or fund balancesStart of year $5,571,418$5,484,789
X-33 Total liabilities and net assetsStart of year $6,245,562$5,588,206
Part XI · Reconciliation of net assets $5,484,789 net assets at year end
XI-1 Total revenue$1,481,025
XI-2 Total expenses$1,577,896
XI-3 Revenue less expenses−$96,871
XI-4 Net assets at start of year$5,571,418
XI-5 Net unrealized gains (losses) on investments$10,242
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,484,789

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

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