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Fundacion Mama Margarita Db Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454825908 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Fundacion Mama Margarita Db Corp?

Fundacion Mama Margarita DB Corporation is a charitable organization situated in Miami, Florida. Their primary mission is to aid disadvantaged children and families by offering a range of support programs. In 2022, the foundation provided daily meals to around 80 to 100 children and financially sponsored 15 children to attend a private religious school, investing approximately $18,000 in their education. Due to the repercussions of Covid-19 in Nicaragua, Fundacion Mama Margarita DB Corporation further augmented their food assistance beyond their usual allocation.

Is Fundacion Mama Margarita Db Corp legitimate?

Fundacion Mama Margarita Db Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fundacion Mama Margarita Db Corp submitted a form 990EZ, 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.

What is the mission statement of Fundacion Mama Margarita Db Corp?

Fundacion Mama Margarita DB Corporation's mission is centered around providing assistance to underprivileged children and their families. Through various programs, the organization aims to offer support. In 2022, they fed between 80 to 100 children daily and sponsored 15 children to attend a private religious school with financial aid worth $18,000. Due to the impact of Covid-19 in Nicaragua, the foundation has increased its provision of food rations beyond the usual amount.

Who is the CEO of Fundacion Mama Margarita Db Corp?

Unavailable

What is the revenue of Fundacion Mama Margarita Db Corp?

Fundacion Mama Margarita Db Corp's revenue in 2022 was $120,083.

Who are the executives of Fundacion Mama Margarita Db Corp and what are their salaries?


Here are 4 key members and their salaries:


Manuel S Gallo (President, Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Caldwell (Treasurer, Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucia V Arguello (Secretary, Dir.)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Manuel Gallo Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Fundacion Mama Margarita Db Corp?

Fundacion Mama Margarita Db Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Fundacion Mama Margarita Db Corp

Fundacion Mama Margarita Db Corp is committed to assisting underprivileged children and families by implementing various programs. The organization's primary objective is to provide support, and in 2022, they fed around 80 to 100 children daily. Apart from this, they also sponsored 15 children to attend a private religious school, covering the expenses amounting to $18,000. Due to the pandemic's impact in Nicaragua, Fundacion Mama Margarita Db Corp has been proactive by increasing the distribution of food rations beyond their usual allocation. By undertaking these initiatives, the foundation aims to positively impact the lives of children and families in need.

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Impact




October, 2024

Fundacion Mama Margarita DB Corp significantly impacts the lives of needy children and families by providing essential support through various programs. In 2022 alone, the organization fed between 80 to 100 children daily, addressing immediate nutritional needs and helping to mitigate the effects of food insecurity.

Their commitment to education is evident in their sponsorship of 15 children to attend a private religious school, supported by $18,000 in financial aid. This investment in education not only offers these children better academic opportunities but also fosters a sense of stability and hope for the future.

In response to the heightened challenges of the Covid-19 pandemic, particularly in Nicaragua, Fundacion Mama Margarita has increased their provision of food rations, demonstrating adaptability and responsiveness to the urgent needs of the communities they serve. Overall, their comprehensive approach plays a crucial role in uplifting vulnerable populations and creating a positive, lasting impact.




This information is meant to be a general summary of Fundacion Mama Margarita Db Corp. 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.

Revenue
$120,083 (2022)
Expenses
$94,170 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $120,083

Assets and Liabilities:

  • Total Assets: $261,782
  • Total Liabilities: $0
  • Net Assets: $261,782

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Organization Details

Main Address

319 NW 109th Ave 1, Miami, FL, 33172

NTEE Category

Code: Q33 - International

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