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Mustakis Charitable Network Foundation INC FY2020 filing

Tax-deductible

Miami, FL501(c)(3)Foundations & GrantmakersEIN 81-4759389Revenue $85K in FY2020

On file with the IRSfundacionmustakis.com2950 Sw 27th Ave Ste 220, 33133-3793 · Miami, FLTax-exempt since Jun 2018Private non-operating foundation

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To assist low income and under-privileged people. To create funds and endowments for financing Charitable projects and activities.to promote,support and finance activities,projects or programs aimed at improving community life's conditions.

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $13K a year · 12% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85K
Spent
$143K
To programs
85%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$85K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$44K
FY2022$60K
FY2023$106K
FY2024$52K
FY2025$300K
Expenses
$143K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$143K
FY2021$27K
FY2022$124K
FY2023$117K
FY2024$148K
FY2025$166K
Net assets
$2.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.2M
FY2023$2.2M
FY2024$2.1M
FY2025$2.3M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $122K Management & general 15% · $21K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mustakis Charitable Network 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

Finances projects and programs to improve community life for low-income people.

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Provided by the organization

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1 program · $122K · in their own filed words · FY2020
01

Received charitable contributions from other foreign foundation and from private foreign companies. A charitable contributions were made to Educational Institutions - Sugar Hill Childrens Museum NY and Fundacion Infinito.

$122Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $547K · 2020–2025
Global Americans INCNY · FY2025$50,000
Myriad USA (teatro Del Lago)FY2025$50,000
Individual RecipientFY2025$17,600
Franciscans of Mery Thorndale PAFY2025$17,600
Saint Elijah INCFY2025$10,000
New Gate to Peace FoundationTX · FY2024$60,000
Myriad USA (teatro Del Lago)FY2024$50,000
Sugar Hill Childrens MuseumFY2023$91,700
Sugar Hill Childrens MuseumFY2022$100,000
Sugar Hill Childrens Museum of Art and StorytellingNY · FY2020$100,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$85K
Ln 12
Investment incomeLn 3$85K
Money outPt IX
$143K
Ln 25
Programscol B$122K
Managementcol C$21K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$2.3M
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$85K
Gains on assetsLn 7$28K
Total revenueLn 12$85K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$262K
Cash and savings togetherLn 1–2$262K
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.3M
LiabilitiesLn 26$3K
Net assetsLn 32$2.3M
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$215K$262K
InvestmentsLn 11–13$2.1M$2.0M
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$0$3K
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$17K$17K
Other fees for servicesLn 11g$40$40
InterestLn 20$5$5
Other expenses (24a–d)Ln 24$483$483
Total functional expensesLn 25$143K$122K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $300K$166K$134K$2.3M 990 PDF
FY2024 $52K$148K−$96K$2.1M 990 PDF
FY2023 $106K$117K−$11K$2.2M 990 PDF
FY2022 $60K$124K−$63K$2.2M 990 PDF
FY2021 $44K$27K$17K$2.3M 990 PDF
FY2020 Viewing $85K$143K−$58K$2.3M 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 $84,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $65,615$84,814
I-11 Other revenuePrior year −$481−$89
I-12 Total revenuePrior year $65,134$84,725
I-13 Grants and similar amounts paidPrior year $141,064$121,600
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 $27,823$21,390
I-18 Total expensesPrior year $168,887$142,990
I-19 Revenue less expensesPrior year −$103,753−$58,265
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $84,725 across 4 lines filed
VIII-3 Investment incomeUnrelated business $57,150$57,150
VIII-7 Net gain or loss on sales of assetsUnrelated business $27,664$27,664
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$89−$89
VIII-12 Total revenueRelated to mission $0 · Unrelated business $84,725 · Excluded from tax $0$84,725
Part IX · Statement of functional expenses $142,990 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $121,600$121,600
IX-11c Accounting feesManagement $3,375$3,375
IX-11f Investment management feesManagement $17,487$17,487
IX-11g Other fees for servicesManagement $40$40
IX-20 InterestManagement $5$5
IX-24 Other expenses (24a–d)Management $483$483
IX-25 Total functional expensesPrograms $121,600 · Management $21,390 · Fundraising $0$142,990
Part X · Balance sheet $2,281,349 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1$1
X-2 Savings and temporary cash investmentsStart of year $214,727$261,944
X-12 Other securitiesStart of year $2,121,111$2,019,404
X-16 Total assetsStart of year $2,336,239$2,281,349
X-17 Accounts payable and accrued expensesStart of year $0$3,375
X-26 Total liabilitiesStart of year $0$3,375
X-32 Total net assets or fund balancesStart of year $2,336,239$2,277,974
X-33 Total liabilities and net assetsStart of year $2,336,239$2,281,349
Part XI · Reconciliation of net assets $2,277,974 net assets at year end
XI-1 Total revenue$84,725
XI-2 Total expenses$142,990
XI-3 Revenue less expenses−$58,265
XI-4 Net assets at start of year$2,336,239
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,277,974

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

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