Maestro Cares Foundation
Standards Not Met
Standards Not Met
Standards Legend
- Meets Standards
- Standards Not Met
- Did Not Disclose
- Review In Progress
- Unable to Verify
Standards For Charity Accountability
Governance
Measuring Effectiveness
Finances
Fundraising & Info
Conclusion
Maestro Cares Foundation meets the remaining 0 Standards for Charity Accountability.
Purpose
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Stated Purpose
The mission of the organization is to improve the quality of life for orphaned children throughout Latin America. The Foundation works to achieve its mission by providing housing, classrooms, health clinics, and dining and recreational facilities.
Programs
The organization primarily fundraises to invest in capital projects that serve orphaned and disadvantaged children in Latin America. The foundation has contributed to youth homes/orphanages in Mexico, Colombia, and the Dominican Republic. Projects in process are in Puerto Rico, Bolivia and the US. The organization also provides support to an education project in Peru and support to the Dominican Republic for education and some operational expenses.
For the year ended December 31, 2015, Maestro Cares Foundation program expenses were:
| Program Expenses | $1,208,960 |
Governance & Staff
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CEO
Zayda Cardneas, Executive Director
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Board Chair
Mr. Henry Cardenas
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Chair's Profession / Business Affiliation
Business Entrepreneur/Marketing Executive
-
Board Size
7
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Paid Staff Size
5
Fundraising
Fundraising costs were 16% of related contributions. (Related contributions, which totaled $2,771,266, are donations received as a result of fundraising activities.)
Tax Status
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Financial
The following information is based on Maestro Cares Foundation's Audited financial statements for the fiscal year ending December 31, 2015
Breakdown of Expenses
| Total Income | $2,835,316 |
| Total Expenses: | $2,002,396 |
| Program Expenses | $1,208,960 |
| Fundraising Expenses | $448,266 |
| Administrative Expenses | $345,170 |
| Income in Excess of Expenses | $832,920 |
| Beginning Net Assets | $1,020,087 |
| Ending Net Assets | $1,804,821 |
| Total Liabilities | $522,309 |
| Total Assets | $2,327,130 |
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