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Max Cares Foundation INC FY2020 filing

Tax-deductible

Hartford, CT501(c)(3)Foundations & GrantmakersEIN 47-4568220Revenue $133K in FY2020

On file with the IRSmaxcaresfoundation.org249 Pearl Street, 06103-2104 · Hartford, CTTax-exempt since Apr 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial assistance to educational and other tax exempt charitable organizations.

501(c)(3) charity; gifts are tax-deductible.
90¢ 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
2 of 5
filings with a surplus
Average deficit $14K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$133K
Spent
$161K
To programs
90%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$133K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$164K
FY2022$263K
FY2023$289K
FY2024$331K
Expenses
$161K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$161K
FY2021$164K
FY2022$306K
FY2023$216K
FY2024$401K
Net assets
$172K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2021$173K
FY2022$130K
FY2023$202K
FY2024$132K

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 Apr 2016.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $145K Management & general 10% · $16K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Maura Horan
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Timothy Buckley
Vice President
$0Pt VII · Sec A
Carol McCabe
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Matthew Kerin
Treasurer
$0Pt VII · Sec A
Steve Abrams
Director
$0Pt VII · Sec A
Megan Culmo
Director
$0Pt VII · Sec A
See Max Cares Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid to schools and other tax-exempt charities.

Questions for Max Cares Foundation INC

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Provided by the organization

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1 program · $145K · in their own filed words · FY2020
01

Through innovative partnerships, programs, and special events, the max cares foundation embraces the opportunity to help those in need through events like the annual max classic golf tournament. The foundation provides financial assistance to educational and other tax exempt charitable organizations.

$145Kprogram 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 · FY2025
International Brotherhood of Electrical WorkersFY2025$16K
Total grants receivedfrom 1 funder$16K
Grants paid · 48 grants · $485K · 2020–2024
Baystate Health INCMA · FY2024$20,000
Grace Academy INCCT · FY2024$12,500
Covenant Preparatory School INCCT · FY2024$12,500
Childrens Law Center INCCT · FY2024$12,500
Camp Courant IncorporatedCT · FY2024$12,500
Hands on Hartford INCCT · FY2024$11,983
Hartford Health Care CorporationCT · FY2024$10,000
Johnson & Wales UniversityRI · FY2024$8,000
Jewish Family Service of Greater Hartford INCCT · FY2024$7,500
The Connecticut Golf Foundation INCCT · FY2024$7,500
Springfield Rescue Mission INCMA · FY2024$6,236
Salvation Army National CorpVA · FY2024$6,197
Friends of the Homeless INCOH · FY2024$5,819
The Village for Families & Children INCCT · FY2023$15,000
Hands on Hartford INCCT · FY2023$10,109
The May Institute INCMA · FY2023$10,000
Hartford Health Care CorporationCT · FY2023$10,000
The Connecticut Golf Foundation INCCT · FY2023$10,000
See all 48 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$133K
Ln 12
Gifts and grantsLn 1h$113K
Other incomeLn 4–11$20K
Money outPt IX
$161K
Ln 25
Programscol B$145K
Managementcol C$16K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$189K
LiabilitiesLn 26$17K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$113K
Fundraising eventsLn 1c$94K
Other incomeLn 4–11$20K
Total revenueLn 12$133K
Assets in detailPt X, end of year
CashLn 1$185K
Cash and savings togetherLn 1–2$185K
Total assetsLn 16$189K
LiabilitiesLn 26$17K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$179K$185K
Total assetsLn 16$212K$189K
LiabilitiesLn 26$12K$17K
Net assetsLn 32$200K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Management feesLn 11a$2K$2K
Legal feesLn 11b$417$417
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$978$978
Information technologyLn 14$1K$1K
InsuranceLn 23$270$270
Total functional expensesLn 25$161K$145K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $331K$401K−$70K$132K 990 PDF
FY2023 $289K$216K$72K$202K 990 PDF
FY2022 $263K$306K−$43K$130K 990 PDF
FY2021 $164K$164K$602$173K 990 PDF
FY2020 Viewing $133K$161K−$28K$172K 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 $133,277 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $176,779$112,945
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $21,113$20,332
I-12 Total revenuePrior year $197,892$133,277
I-13 Grants and similar amounts paidPrior year $189,042$143,452
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,258$17,547
I-18 Total expensesPrior year $208,300$160,999
I-19 Revenue less expensesPrior year −$10,408−$27,722
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $133,277 across 5 lines filed
VIII-1c Fundraising events$94,473
VIII-1f All other contributions, gifts and grants$18,472
VIII-1h Total contributions, gifts and grants$112,945
VIII-8 Net income from fundraising eventsExcluded from tax $20,332$20,332
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,332$133,277
Part IX · Statement of functional expenses $160,999 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $143,452$143,452
IX-11a Management feesManagement $2,000$2,000
IX-11b Legal feesManagement $417$417
IX-11c Accounting feesManagement $3,050$3,050
IX-12 Advertising and promotionManagement $9,358$9,358
IX-13 Office expensesManagement $978$978
IX-14 Information technologyPrograms $1,474$1,474
IX-23 InsuranceManagement $270$270
IX-25 Total functional expensesPrograms $144,926 · Management $16,073 · Fundraising $0$160,999
Part X · Balance sheet $189,416 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $178,990$184,697
X-4 Accounts receivableStart of year $32,598$4,719
X-16 Total assetsStart of year $211,588$189,416
X-17 Accounts payable and accrued expensesStart of year $11,650$17,200
X-26 Total liabilitiesStart of year $11,650$17,200
X-32 Total net assets or fund balancesStart of year $199,938$172,216
X-33 Total liabilities and net assetsStart of year $211,588$189,416
Part XI · Reconciliation of net assets $172,216 net assets at year end
XI-1 Total revenue$133,277
XI-2 Total expenses$160,999
XI-3 Revenue less expenses−$27,722
XI-4 Net assets at start of year$199,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$172,216

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

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