Maestro Cares Foundation FY2021 filing

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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.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
Looks good: 10.3 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
$78K
1% of total assets
Looks good: liabilities are 1% 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
$3.1M
+109% vs prior year
Spent
$2.5M
To programs
74%
Net assets
$6.2M
By yearFY2020–FY2024
Revenue
$3.1M
FY2021▲ +109%
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
$2.5M
FY2021▲ +60%
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
$6.2M
FY2021▲ +12%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

74 cents of each dollar spent went to programs.

Program services 74% · $1.9M Management & general 11% · $271K Fundraising 15% · $391K

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
$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 →

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.

Questions for Maestro Cares Foundation

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2 programs · $1.5M · in their own filed words · FY2021
01

Expenses for Projects During 2021

Roosevelt square community center sos children's villages illinois in chicago, illinois, center for wellbeing and happiness lower eastside girls club in new york city, new york, jardin de ninos la mascota fundacion mir montessori children's day care center in buenos aires, argentina, centro vocacional fundacion jeison…

$1.0Mprogram expense
02

Child sponsorship program, scholarships and contributions to social service organizations

$506Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$2.7M
Other incomeLn 4–11$348K
Investment incomeLn 3$92K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.9M
Managementcol C$271K
Fundraisingcol D$391K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.2M
LiabilitiesLn 26$78K
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$2.7M
Government grantsLn 1e$73K
Noncash giftsLn 1g$5K
Investment incomeLn 3$92K
Other incomeLn 4–11$348K
Gains on assetsLn 7$37K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$62K
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$6.2M
LiabilitiesLn 26$78K
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.7M$2.2M
InvestmentsLn 11–13$1.7M$3.7M
Land, buildings, equipmentLn 10c$13K$14K
Total assetsLn 16$5.6M$6.2M
LiabilitiesLn 26$103K$78K
Net assetsLn 32$5.5M$6.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
Grants and assistance to foreign recipientsLn 3$1.1M$1.1M
Other salaries and wagesLn 7$471K$275K$46K$150K
Other employee benefitsLn 9$50K$29K$5K$16K
Payroll taxesLn 10$37K$22K$4K$12K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$115K$12K$16K$87K
Advertising and promotionLn 12$11K$560$8K$3K
OccupancyLn 16$107K$107K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$274K$157K$22K$95K
All other expensesLn 24e$67K$2K$37K$28K
Total functional expensesLn 25$2.5M$1.9M$271K$391K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $10.1M$5.6M$4.5M$14.6M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $6.0M$5.3M$730K$9.5M 990 PDF
FY2022Filed with the IRS Jan 25, 2024 $7.1M$4.4M$2.7M$8.5M 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $3.1M$2.5M$569K$6.2M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $1.5M$1.6M−$97K$5.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,094,225 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,331,757$2,654,756
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $154,948$91,931
I-11 Other revenuePrior year −$5,680$347,538
I-12 Total revenuePrior year $1,481,025$3,094,225
I-13 Grants and similar amounts paidPrior year $614,200$1,365,086
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $415,716$558,604
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $547,980$601,124
I-18 Total expensesPrior year $1,577,896$2,524,814
I-19 Revenue less expensesPrior year −$96,871$569,411
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 $3,094,225 across 9 lines filed
VIII-1e Government grants$72,880
VIII-1f All other contributions, gifts and grants$2,581,876
VIII-1g Noncash contributions (included above)$4,961
VIII-1h Total contributions, gifts and grants$2,654,756
VIII-3 Investment incomeRelated to mission $54,935$54,935
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,996$36,996
VIII-8 Net income from fundraising eventsExcluded from tax $345,297$345,297
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,241$2,241
VIII-12 Total revenueRelated to mission $94,172 · Unrelated business $0 · Excluded from tax $345,297$3,094,225
Part IX · Statement of functional expenses $2,524,814 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-3 Grants and assistance to foreign recipientsPrograms $1,115,086$1,115,086
IX-7 Other salaries and wagesPrograms $275,267 · Management $46,002 · Fundraising $149,815$471,084
IX-9 Other employee benefitsPrograms $29,452 · Management $4,799 · Fundraising $16,044$50,295
IX-10 Payroll taxesPrograms $21,752 · Management $3,635 · Fundraising $11,838$37,225
IX-11b Legal feesManagement $4,720$4,720
IX-11c Accounting feesManagement $6,534$6,534
IX-11g Other fees for servicesPrograms $12,100 · Management $16,277 · Fundraising $87,081$115,458
IX-12 Advertising and promotionPrograms $560 · Management $8,187 · Fundraising $2,738$11,485
IX-16 OccupancyManagement $107,472$107,472
IX-22 Depreciation, depletion and amortizationManagement $4,362$4,362
IX-23 InsuranceManagement $9,897$9,897
IX-24 Other expenses (24a–d)Programs $157,087 · Management $22,304 · Fundraising $95,073$274,464
IX-24e All other expensesPrograms $1,579 · Management $36,835 · Fundraising $28,318$66,732
IX-25 Total functional expensesPrograms $1,862,883 · Management $271,024 · Fundraising $390,907$2,524,814
Part X · Balance sheet $6,243,515 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,084,781$2,096,807
X-2 Savings and temporary cash investmentsStart of year $2,608,860$61,904
X-3 Pledges and grants receivableStart of year $4,615$375,065
X-9 Prepaid expenses and deferred chargesStart of year $211,115$10,696
X-10c Land, buildings and equipment, netStart of year $13,336$13,675
X-12 Other securitiesStart of year $1,665,499$3,685,368
X-16 Total assetsStart of year $5,588,206$6,243,515
X-17 Accounts payable and accrued expensesStart of year $23,417$77,871
X-19 Deferred revenueStart of year $80,000$0
X-26 Total liabilitiesStart of year $103,417$77,871
X-27 Net assets without donor restrictionsStart of year $5,484,789$6,165,644
X-32 Total net assets or fund balancesStart of year $5,484,789$6,165,644
X-33 Total liabilities and net assetsStart of year $5,588,206$6,243,515
Part XI · Reconciliation of net assets $6,165,644 net assets at year end
XI-1 Total revenue$3,094,225
XI-2 Total expenses$2,524,814
XI-3 Revenue less expenses$569,411
XI-4 Net assets at start of year$5,484,789
XI-5 Net unrealized gains (losses) on investments$111,444
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,165,644

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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