Mauro INC EIN 66-0648356

Mauro INC

EIN  66-0648356 Public charity (501(c)(3)) San Juan, PR
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Develops artists and promotes arts appreciation for low-income and culturally disadvantaged groups in Puerto Rico.
Leadership
Hilda Marchena · President - Board of Directors
Money in and out
$1.2M revenue, $951K expenses
Bottom line
93% program efficiency

Develops artists and promotes arts appreciation for low-income and culturally disadvantaged groups in Puerto Rico. For fiscal year 2024 it reported $1.2M in revenue, $951K in expenses, and $242K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$951K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $288K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate▲ ×24 vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▲ ×11 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +64%
Expenses
$951K
FY2024▲ +23%
Total assets
$502K
FY2024▲ +95%
Total liabilities
$259K
FY2024▼ -2%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$951K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$288K
Total assetsPt X · Ln 16$502K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $629K of program spending, described in the organization's own filed words · FY2024.
01

Children's Trust

weekly workshops of dance therapy and music therapy for children's aged 6 to 15 in the low income communities from San Juan, Santurce, Rio Piedras, Puerta de Tierra, Carolina and Guaynabo and from San Juan Neighborhoods at their public schools.

$248Kprogram expense
02

Puerto Rican Culture Institute

Danza Educa 1 - Dance presentations to 9,359 students from public schools in four (4) districts: Arecibo School Region, Caguas School Region, Mayagüez School Region and San Juan School Region, from leading dance companies of the country, in 10 performance, in the most important theaters of Pueerto Rico.

$240Kprogram expense
03

The Puerto Rico Fiscal Agency and Financial Advisory Authority - Monthly free ballet, dance therapy, theatre, hip hop and music classes to children who have been affected by COVID-19 pandemic in the minicipalities of Toa Baja, Fajardo, Rio Grande, Carolina and San Juan.

$141Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMauro INC
EINHdr · item D66-0648356
Principal addressHdr · item CSan Juan, PR
WebsiteHdr · item Jwww.mauroincpr.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63)
Ruling yearIRS BMFNov 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President - Board of Directors
$0Pt VII · Sec A
Secretary of Board of Directors
$0Pt VII · Sec A
Vocal - Board of Directors
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasury - Board of Directors
$0Pt VII · Sec A
Vocal - Board of Directors
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 93%
Program service revenue$81K · 7%
Contributions & grants93%$1.2M
Program service revenue7%$81K
Other revenue$3K
— government grantsLn 1e$1.0M
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$885K
Management & general7%$66K
Total functional expensesLn 25$951K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$502K
Total liabilitiesLn 26$259K
Total net assetsLn 32$242K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $178K · Operating expenses/yr $951K
2.2 months
Where the money goes
Program services
Program services $885K · Total expenses $951K
93%
Management & General
Management & general $66K · Total expenses $951K
7%
Fundraising
Fundraising $0 · Total expenses $951K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $120K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
93%
Government reliance
Government grants $1.0M · Total revenue $1.2M
83%
Earned-income share
Program service revenue $81K · Total revenue $1.2M
7%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $81K · Total expenses $951K
8%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $755K
+64%
Revenue CAGR
FY2020 $441K · FY2024 $1.2M
+29%
Net-asset trend (YoY)
End of year $242K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $951K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $502K
Net-asset ratio
Net assets $242K · Total assets $502K
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $502K
0%
People & payroll
Highest Reported Total Compensation
Individual Hilda Marchena · Reported title President - Board of Directors · Highest reported compensation $0 · Total expenses $951K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $951K
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 64%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$28K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$755K revenue · ⤓ 990 PDF
FY2022$926K revenue · ⤓ 990 PDF
FY2021$666K revenue · ⤓ 990 PDF
FY2020$441K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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