Miracle Babies EIN 71-1001702 Form 990 (PDF) Claim this org

Miracle Babies FY2023 filing

Not yet claimed Claim this org →

Helps families with hospitalized newborns get to and from NICUs. For fiscal year 2023 it reported $487K in revenue, $654K in expenses, and $1.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
San Diego, CA
Website
miraclebabies.org
Filings
5 on file (2020–2023)
Revenue
$487KFY2023
Expenses
$654K
Net assets
$1.4M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  71-1001702 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Miracle Babies claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Helps families with hospitalized newborns get to and from NICUs.
Leadership
Marjan Mortazavi Esq. · President
Money in and out
$487K revenue, $654K expenses
Bottom line
74% program efficiency
Where the money goes · FY2023
Total revenue
$487K
Pt VIII · Ln 12
Total expenses
$654K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$167K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.10 Fundraising $0.16
Program efficiency
74%
of spending reaches programs
Operating runway
27.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-34%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$487K
FY2023▼ -44%
Expenses
$654K
FY2023▼ -33%
Total assets
$1.5M
FY2023▼ -3%
Total liabilities
$21K
FY2023▼ -43%
Total revenue
$487K
Pt VIII · Ln 12
Total expenses
$654K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$167K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMiracle Babies
EINHdr · item D71-1001702
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jmiraclebabies.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
See Miracle Babies executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $485K of program spending, described in the organization's own filed words · FY2023.
01

Supportive Servicescare Packages

Miracle babies delivers care packages to parents with hospitalized newborns. Care packages contain essential items and resource materials to aid and comfort families during their babys NICU stay. Contents are intended to support parents who spend considerable time in the NICU.

$305Kprogram expense
02

Transportation services Miracle Babies provides transportation for families with a newborn(s)in a Neonatal Intensive Care Unit (NICU).The shuttle vans provide a home-to-hospital-to-home service enabling new parents to be united with their newborn.

$140Kprogram expense
03

Mental Health AssistanceMiracle Babies provides individual therapy to NICU moms and moms with high-risk pregnancies in acute crisis. Miracle Babies supports parents during vulnerable times in order to improve their mental health and ultimately enhance their bonding relationship with their developing child.

$41Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$507K · 104%
Investment income$10K · 2%
Contributions & grants104%$507K
Investment income2%$10K
Total revenueLn 12$487K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.10 Fundraising $0.16
Program services74%$485K
Management & general10%$63K
Fundraising16%$105K
Total functional expensesLn 25$654K

Balance Sheet

Part X · end of year
CashLn 1$271K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$21K
Total net assetsLn 32$1.4M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses (Pt IX) $654K · Less non-cash grants $84K · Cash operating expenses/yr $570K
27.8 months
Where the money goes
Program services
Program services $485K · Total expenses $654K
74%
Management & General
Management & general $63K · Total expenses $654K
10%
Fundraising
Fundraising $105K · Total expenses $654K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $79K · Solicited contributions (3-yr avg) $874K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $507K · Total revenue $487K
104%
Government reliance
Government grants — · Total revenue $487K
Earned-income share
Program service revenue $0 · Total revenue $487K
0%
Investment reliance
Investment income $10K · Total revenue $487K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $654K
0%
Growth & trend
Revenue growth (YoY)
This year $487K · Prior year $873K
-44%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $487K · Expenses $654K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
72%
People & payroll
Highest Reported Total Compensation
Individual Marjan Mortazavi ESQ · Reported title President · Highest reported compensation $0 · Total expenses $654K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $234K · Total expenses $654K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 10%
Fundraising cost ratio 21%
Revenue growth -44%
Investment management fee ratio 0%
Legal fee ratio 0.02%
Accounting fee ratio 2%
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
See all 7 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Miracle Babies →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$317K revenue · ⤓ 990 PDF
FY2023$487K revenue · viewing · ⤓ 990 PDF
FY2022$873K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$670K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.