Msldc Foundation

Camana BayUnknown exempt organizationSince 2020EIN 99-2294565

To provide philanthropic support to honduras based institutions for the furtherance of supporting the local communities.

85¢ of each $1 spent went to programs.
$183K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 3
filings with a surplus
Average surplus $1.3M a year · 75% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
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
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-2% vs prior year
Spent
$465K
To programs
85%
Net assets
$13.4M
By yearFY2023–FY2025
Revenue
$1.9M
FY2025▼ -2%
Revenue by fiscal year
FY2023$1.5M
FY2024$1.9M
FY2025$1.9M
Expenses
$465K
FY2025▲ +11%
Expenses by fiscal year
FY2023$461K
FY2024$418K
FY2025$465K
Net assets
$13.4M
FY2025▲ +12%
Net assets by fiscal year
FY2023$10.4M
FY2024$12.0M
FY2025$13.4M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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% · $395K Management & general 15% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation
$36,600Pt VII · Sec A
Director
$36,600Pt VII · Sec A
$36,600Pt VII · Sec A
$36,600Pt VII · Sec A
$36,600Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023
Miguel Shibli Canahuati$36,600$36,000$32,409
Elena Srouji$36,600$36,000$32,409
Maria Teresa Canahuati Larach$36,600$36,000$32,409
Jorge Shibli Canahuati Larach$36,600$36,000$32,409
Ruth Maria Canahuati Larach$36,600$36,000$32,409

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Honduran institutions to further local community development.

Provided by the organization

This section is blank until Msldc Foundation claims this page.

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1 program service account for $395K of program spending, described in the organization's own filed words · FY2025.
01

The foundation acts as a conduit to provide funds to honduras based organizations in support of the charitable purpose of those particular organizations.

$395Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Investment incomeLn 3$1.9M
Money outPt IX
$465K
Ln 25
Programscol B$395K
Managementcol C$69K
Owns and owesPt X
$13.4M
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$13.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.9M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$293K
Cash and savings togetherLn 1–2$293K
InvestmentsLn 11–13$4.8M
Other assetsLn 15$7.5M
Total assetsLn 16$13.4M
LiabilitiesLn 26$0
Net assetsLn 32$13.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.3M$293K
InvestmentsLn 11–13$2.1M$4.8M
Total assetsLn 16$12.0M$13.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$12.0M$13.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$212K$212K
Pay of current officers, directors and key staffLn 5$183K$183K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$33K$33K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$8K$8K
Other expenses (24a–d)Ln 24$88$88
Total functional expensesLn 25$465K$395K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.9M$465K$1.4M$13.4M 990 PDF
FY2024 $1.9M$418K$1.5M$12.0M 990 PDF
FY2023 $1.5M$461K$1.0M$10.4M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,882,567 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $1,882,567$1,882,567
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,882,567$1,882,567
Part IX · Statement of functional expenses $464,637 across 7 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $212,250$212,250
IX-5 Pay of current officers, directors and key staffPrograms $183,000$183,000
IX-11b Legal feesManagement $25,000$25,000
IX-11c Accounting feesManagement $32,508$32,508
IX-11f Investment management feesManagement $3,469$3,469
IX-11g Other fees for servicesManagement $8,322$8,322
IX-24 Other expenses (24a–d)Management $88$88
IX-25 Total functional expensesPrograms $395,250 · Management $69,387 · Fundraising $0$464,637
Part X · Balance sheet $13,387,731 assets, 9 lines filed
Asset lines not itemized here account for $770,869; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,304,355$292,621
X-4 Accounts receivableStart of year $289,299$18,514
X-11 Publicly traded securitiesStart of year $2,088,516$4,449,404
X-12 Other securities$352,723
X-15 Other assetsStart of year $7,503,600$7,503,600
X-16 Total assetsStart of year $11,956,639$13,387,731
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $11,956,639$13,387,731
X-33 Total liabilities and net assetsStart of year $11,956,639$13,387,731
Part XI · Reconciliation of net assets $13,387,731 net assets at year end
XI-1 Total revenue$1,882,567
XI-2 Total expenses$464,637
XI-3 Revenue less expenses$1,417,930
XI-4 Net assets at start of year$11,956,639
XI-5 Net unrealized gains (losses) on investments$13,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,387,731

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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