Overview
What is Maestro Cares Foundation?
Maestro Cares Foundation is a nonprofit organization based in Chicago, Illinois, with a mission to enhance the lives of disadvantaged children and communities in Latin America and the United States. They achieve this goal by offering essential resources such as housing and educational programming. Their initiatives aim to support the growth and development of these children, ultimately contributing to the strengthening of communities and nurturing future leaders. During 2022, their projects included supporting organizations in various locations, including Chicago, Argentina, Colombia, Costa Rica, and Chile. The foundation employs a team of 10 individuals.
Official website here: www.maestrocares.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 4 Stars (97%)**
Maestro Cares Foundation holds an impressive four-star rating from Charity Navigator, indicating high standards in accountability and finance. The organization has achieved a perfect score in various criteria, including having a fully independent board and strong financial oversight. These measures signify a commitment to transparency and effective management, ensuring that donations are utilized efficiently for their intended purposes.
The organization operates with a commendable program expense ratio of 74.08%, which means that a significant portion of their budget is allocated directly to programs rather than administrative costs. Their fundraising efficiency is also noteworthy, with only $0.11 needed to raise each dollar, reflecting effective fundraising practices. This financial health is essential for a nonprofit, showcasing their ability to sustain operations over the long term with a working capital ratio of nearly three years.
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This AI summary has been generated from information found on Charity Navigator.
Is Maestro Cares Foundation legitimate?
Maestro Cares Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maestro Cares Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,655
For more financial information, click here
Official website here: www.maestrocares.org
What is the mission statement of Maestro Cares Foundation?
The Maestro Cares Foundation works towards enhancing the quality of life for disadvantaged children and communities in both Latin America and the United States. They accomplish this by providing essential resources, housing, and educational programming to support their growth and development. In doing so, the foundation strengthens communities and helps shape these children into tomorrow's leaders. Their mission is centered around empowering these individuals and communities, aiming to make a significant impact in their lives.
Official website here: www.maestrocares.org
Who is the CEO of Maestro Cares Foundation?
Henry Cardenas is the Chairman of Maestro Cares Foundation.
Official website here: www.maestrocares.org
What is the revenue of Maestro Cares Foundation?
Maestro Cares Foundation's revenue in 2022 was $7,139,999.
Official website here: www.maestrocares.org
Who are the executives of Maestro Cares Foundation and what are their salaries?
The average compensation at Maestro Cares Foundation during 2022 was $58,766. There are 10 employees and 8 volunteers at Maestro Cares Foundation.
Here are 9 key members and their salaries:
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- Compensation: $135,857
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Official website here: www.maestrocares.org
Where can I find the form 990 for Maestro Cares Foundation?
Maestro Cares Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maestrocares.org
Learn more at the official website: www.maestrocares.org
Mission Statement of Maestro Cares Foundation
Maestro Cares Foundation, in its mission, strives to enhance the quality of life for disadvantaged children and communities in both Latin America and the United States. The organization achieves this goal by offering housing, educational programming, and essential resources to support the growth and development of these children. By doing so, Maestro Cares Foundation is not only strengthening these communities but also helping to cultivate tomorrow's leaders. The foundation's efforts are geared towards improving the lives of disadvantaged individuals, thereby contributing to their overall development and growth.
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Impact
July, 2024
Maestro Cares Foundation improves the quality of life of disadvantaged children and communities in Latin America and the United States by providing housing, educational programming, and essential resources to support their growth and development. Through their efforts, they are strengthening communities and helping children become tomorrow's leaders. Their impact can be seen in projects like the Roosevelt Square Community Center in Chicago, Illinois, the Fundacion Mir Montessori Children's Day Care Center in Buenos Aires, Argentina, and the Vocational School in Cali, Colombia, among others. By investing in these initiatives, Maestro Cares Foundation is making a tangible difference in the lives of vulnerable children and communities.
This information is meant to be a general summary of Maestro Cares Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$111,475
- Gross Receipts: $10,818,734
Assets and Liabilities:
- Total Assets: $10,258,565
- Total Liabilities: $1,802,878
- Net Assets: $8,455,687
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Organization Details
Founding Year
2011
Phone
(312) 980-7788Principal Officer
Henry Cardenas
Main Address
1459 W HUBBARD ST, CHICAGO, IL, 60642
Website
www.maestrocares.orgNTEE Category
Code: Q30 - International
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