Milagro Foundation FY2024 filing

Tax-deductible

San Rafael, CA501(c)(3)Since 1997InternationalEIN 94-3274541Revenue $528K in FY2024

On file with the IRSmilagrofoundation.org5 Mitchell Blvd, 94903-2001 · San Rafael, CATax-exempt since Oct 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The Milagro Foundation benefits underserved and vulnerable children around the world by making grants to community based tax-exempt organizations that work with children in the areas of education, health and the arts. Between October 1998 and now, the Milagro Foundation has supported low income, underserved and underrepresented children in 37 states and 20 countries by granting $9,987,729 to 464 agencies working with children and youth. Milagros education focus support agencies and organizations that are working to close the achievement gap and provide college access and aspirations among young people. Milagro evaluates long term projects that will lead to systemic changes, especially in impoverished communities. Through education we hope to help change or eliminate the cycle of poverty in Bay Area communities. In the areas of health, the foundation examines agencies that provide mental health, physical health, family support and addiction support to children around the San Francisco B

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$173K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 $138K a year · 29% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$173K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$69K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$528K
+9% vs prior year
Spent
$709K
To programs
83%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$528K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$559K
FY2021$625K
FY2022−$196K
FY2023$486K
FY2024$528K
FY2025$894K
Expenses
$709K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$606K
FY2021$474K
FY2022$537K
FY2023$736K
FY2024$709K
FY2025$660K
Net assets
$2.2M
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.4M
FY2022$2.6M
FY2023$2.4M
FY2024$2.2M
FY2025$2.4M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Oct 1997.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $587K Management & general 17% · $123K

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

7 people listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation
$119,492Pt VII · Sec A
Treasurer/Secretary
$53,333Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shelley N Brown’s $119K as President is at the 88th percentile of top reported officer pay among 1636 $100K–1M international 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shelley N Brown$119,492$119,492$119,492$119,492$102,992$102,992
Ruthie Moutafian$55,000$53,333$50,000$50,000$41,927$38,333

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.

See Milagro Foundation 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 15aYes

Programs and updates

Grants funds to community groups supporting children's education, health, and arts globally.

Provided by the organization

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1 program · $587K · in their own filed words · FY2024
01

Health Programs

Circulo de Vida - The program provides professional therapy individually and in a group setting to help children and teens cope with the confusion, fear and stress caused by parental illness. Johns Hopkins Center for American Indian Health - To establish a suicide prevention program through the schools on the Reservation.

$587Kprogram 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
Total grants receivedfrom 1 funder$19K
Grants paid · 82 grants · $1.7M · 2020–2025
Turning GreenCA · FY2025$30,000
Three SquareNV · FY2025$30,000
Project Avary INCCA · FY2025$25,000
Project 150NV · FY2025$25,000
Marin Performing StarsCA · FY2025$25,000
Hand in HandIA · FY2025$25,000
Canal AllianceCA · FY2025$25,000
Alive & FreeCA · FY2025$25,000
Larkin Street Youth ServicesCA · FY2025$15,000
10000 DegreesCA · FY2024$80,000
Carlos Santana Arts AcademyFY2024$40,000
Little WishesCA · FY2024$30,000
See all 82 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$528K
Ln 12
Gifts and grantsLn 1h$330K
Investment incomeLn 3$193K
Other incomeLn 4–11$5K
Money outPt IX
$709K
Ln 25
Programscol B$587K
Managementcol C$123K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$450K
Total assetsLn 16$2.3M
LiabilitiesLn 26$69K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$330K
Investment incomeLn 3$193K
Other incomeLn 4–11$5K
Total revenueLn 12$528K
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$261K
Cash and savings togetherLn 1–2$450K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.3M
LiabilitiesLn 26$69K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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$614K$450K
InvestmentsLn 11–13$1.8M$1.8M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$624$69K
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$415K$415K
Pay of current officers, directors and key staffLn 5$173K$95K$78K$0
Other employee benefitsLn 9$19K$11K$9K$0
Payroll taxesLn 10$13K$7K$6K$0
Accounting feesLn 11c$14K$0$14K$0
Office expensesLn 13$2K$0$2K$0
OccupancyLn 16$3K$0$3K$0
TravelLn 17$5K$3K$2K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$62K$56K$6K$0
Total functional expensesLn 25$709K$587K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $894K$660K$233K$2.4M 990 PDF
FY2024 Viewing $528K$709K−$181K$2.2M 990 PDF
FY2023 $486K$736K−$250K$2.4M 990 PDF
FY2022 −$196K$537K−$734K$2.6M 990 PDF
FY2021 $625K$474K$151K$3.4M 990 PDF
FY2020 $559K$606K−$47K$3.2M 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 (6 parts)
Part I · Summary $528,137 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,044$329,945
I-9 Program service revenue$0
I-10 Investment incomePrior year $234,350$193,322
I-11 Other revenuePrior year $19,320$4,870
I-12 Total revenuePrior year $485,714$528,137
I-13 Grants and similar amounts paidPrior year $400,000$415,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $203,562$205,533
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,621$88,858
I-18 Total expensesPrior year $736,183$709,391
I-19 Revenue less expensesPrior year −$250,469−$181,254
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $528,137 across 6 lines filed
VIII-1f All other contributions, gifts and grants$329,945
VIII-1h Total contributions, gifts and grants$329,945
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $193,322$193,322
VIII-5 RoyaltiesRelated to mission $4,646 · Unrelated business $0 · Excluded from tax $0$4,646
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $224 · Unrelated business $0 · Excluded from tax $0$224
VIII-12 Total revenueRelated to mission $4,870 · Unrelated business $0 · Excluded from tax $193,322$528,137
Part IX · Statement of functional expenses $709,391 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $415,000$415,000
IX-5 Pay of current officers, directors and key staffPrograms $95,054 · Management $77,771 · Fundraising $0$172,825
IX-9 Other employee benefitsPrograms $10,595 · Management $8,668 · Fundraising $0$19,263
IX-10 Payroll taxesPrograms $7,395 · Management $6,050 · Fundraising $0$13,445
IX-11c Accounting feesPrograms $0 · Management $13,948 · Fundraising $0$13,948
IX-13 Office expensesPrograms $0 · Management $1,938 · Fundraising $0$1,938
IX-16 OccupancyPrograms $0 · Management $2,951 · Fundraising $0$2,951
IX-17 TravelPrograms $2,821 · Management $2,309 · Fundraising $0$5,130
IX-23 InsurancePrograms $0 · Management $2,977 · Fundraising $0$2,977
IX-24 Other expenses (24a–d)Programs $55,843 · Management $6,071 · Fundraising $0$61,914
IX-25 Total functional expensesPrograms $586,708 · Management $122,683 · Fundraising $0$709,391
Part X · Balance sheet $2,257,791 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $144,921$188,608
X-2 Savings and temporary cash investmentsStart of year $469,430$260,892
X-11 Publicly traded securitiesStart of year $1,756,451$1,808,291
X-16 Total assetsStart of year $2,370,802$2,257,791
X-17 Accounts payable and accrued expensesStart of year $624$68,867
X-26 Total liabilitiesStart of year $624$68,867
X-27 Net assets without donor restrictionsStart of year $2,358,828$2,188,924
X-32 Total net assets or fund balancesStart of year $2,370,178$2,188,924
X-33 Total liabilities and net assetsStart of year $2,370,802$2,257,791
Part XI · Reconciliation of net assets $2,188,924 net assets at year end
XI-1 Total revenue$528,137
XI-2 Total expenses$709,391
XI-3 Revenue less expenses−$181,254
XI-4 Net assets at start of year$2,370,178
XI-10 Net assets at end of year$2,188,924

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

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