Sfm Charities INC

Tax-deductible

San Juan, PR501(c)(3)Human ServicesEIN 66-0900845

SFM-Charities, Inc. is a nonprofit organization with the purpose of attending underserved and marginalized communities in PR. The United States and its territories with a biopsychosocial approach model The objectives that guide it are: (a) Decrease the incidence and prevalence of degrading poverty within communities by promoting access to education, health, nutrition and adequate housing. (b) Encourage unity and collaboration considering the diversity and social plurality of the communities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 42 volunteers and 15 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
1 of 5
filings with a surplus
Average deficit $182K a year · 31% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
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
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$771K
230% of total assets
Concern: liabilities are 230% of assets; over 80%.
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
$996K
+123% vs prior year
Spent
$962K
To programs
87%
Net assets
−$436K
By yearFY2020–FY2024
Revenue
$996K
FY2024▲ +123%
Revenue by fiscal year
FY2020$562K
FY2021$650K
FY2022$245K
FY2023$446K
FY2024$996K
Expenses
$962K
FY2024▲ +54%
Expenses by fiscal year
FY2020$643K
FY2021$802K
FY2022$777K
FY2023$626K
FY2024$962K
Net assets
−$436K
FY2024▼ -7%
Net assets by fiscal year
FY2020$117K
FY2021−$35K
FY2022−$276K
FY2023−$409K
FY2024−$436K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2019.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $837K Management & general 13% · $124K

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; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
Finance Director
$30,900Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Bod Vice President
$0Pt VII · Sec A
Bod Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Maria Medina Rodriguez’s $31K as Finance Director is at the 19th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mario Medina Vazquez———$44,000$54,900
Carlos J Gonzalez Santiago————$38,200
Maria Medina Rodriguez$30,900$29,550$24,600$8,650—

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

Helps poor communities by providing education, health, and housing, fostering unity and diversity.

Provided by the organization

This section is blank until Sfm Charities INC claims this page.

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1 program service account for $837K of program spending, described in the organization's own filed words · FY2024.
01

During the year 2023, the Institution participates in the following U.S. federal assistance programs: "Centro de Apoyo Educativo contra Coronavirus (CAEC) and Puerto Rico Fiscal Agency and Financial Advisory Authority" (AAFAF).

$837Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$996K
Ln 12
Gifts and grantsLn 1h$996K
Money outPt IX
$962K
Ln 25
Programscol B$837K
Managementcol C$124K
Owns and owesPt X
−$436K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$335K
LiabilitiesLn 26$771K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$996K
Government grantsLn 1e$174K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$996K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Land, buildings, equipmentLn 10c$240K
Total assetsLn 16$335K
LiabilitiesLn 26$771K
Net assetsLn 32−$436K
OperationsPt I, VI
EmployeesI 515
VolunteersI 642
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$18K$78K
Land, buildings, equipmentLn 10c$168K$240K
Total assetsLn 16$250K$335K
LiabilitiesLn 26$659K$771K
Net assetsLn 32−$409K−$436K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$31K$31K
Pay of disqualified personsLn 6$362K$362K
Payroll taxesLn 10$29K$25K$4K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$116K$83K$33K
Office expensesLn 13$4K$4K$614
Information technologyLn 14$1K$1K
OccupancyLn 16$32K$17K$15K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$61K$53K$8K
Other expenses (24a–d)Ln 24$22K$22K$0$0
All other expensesLn 24e$269K$241K$28K
Total functional expensesLn 25$962K$837K$124K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $996K$962K$35K−$436K 990 PDF
FY2023 $446K$626K−$180K−$409K 990 PDF
FY2022 $245K$777K−$532K−$276K 990 PDF
FY2021 $650K$802K−$152K−$35K 990 PDF
FY2020 $562K$643K−$80K$117K 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 $996,237 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$173,940
VIII-1f All other contributions, gifts and grants$822,297
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$996,237
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$996,237
Part IX · Statement of functional expenses $961,536 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $30,900$30,900
IX-6 Pay of disqualified personsPrograms $362,458$362,458
IX-10 Payroll taxesPrograms $25,495 · Management $3,844$29,339
IX-11c Accounting feesManagement $4,800$4,800
IX-11g Other fees for servicesPrograms $82,736 · Management $33,477$116,213
IX-13 Office expensesPrograms $3,624 · Management $614$4,238
IX-14 Information technologyPrograms $1,181$1,181
IX-16 OccupancyPrograms $16,800 · Management $15,135$31,935
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $5,439$5,439
IX-22 Depreciation, depletion and amortizationPrograms $23,322$23,322
IX-23 InsurancePrograms $53,222 · Management $8,012$61,234
IX-24 Other expenses (24a–d)Programs $21,950 · Management $0 · Fundraising $0$21,950
IX-24e All other expensesPrograms $240,881 · Management $27,646$268,527
IX-25 Total functional expensesPrograms $837,108 · Management $124,428 · Fundraising $0$961,536
Part X · Balance sheet $334,933 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $17,978$78,258
X-4 Accounts receivableStart of year $57,566$10,662
X-9 Prepaid expenses and deferred chargesStart of year $6,350$6,350
X-10c Land, buildings and equipment, netStart of year $168,146$239,663
X-16 Total assetsStart of year $250,040$334,933
X-17 Accounts payable and accrued expensesStart of year $228,030$601,215
X-24 Unsecured notes and loans payableStart of year $431,181$170,126
X-26 Total liabilitiesStart of year $659,211$771,341
X-27 Net assets without donor restrictionsStart of year −$409,171−$436,408
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$409,171−$436,408
X-33 Total liabilities and net assetsStart of year $250,040$334,933
Part XI · Reconciliation of net assets −$436,408 net assets at year end
XI-1 Total revenue$996,237
XI-2 Total expenses$961,536
XI-3 Revenue less expenses$34,701
XI-4 Net assets at start of year−$409,171
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$61,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$436,408

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

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