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Milagros Foundation

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

EIN: 752706668 ✦ Mckinney, TX ✦ Designated as a 501(c)(3)

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Overview

What is Milagros Foundation?

Milagros Foundation is a nonprofit organization situated in McKinney, Texas, specifically at 103 S Church St. Their primary mission is to support Christian ministries in developing countries, aiding in the growth of promising student leaders by offering university education and discipleship experiences. Through this initiative, they aim to contribute to the broader goal of making disciples of all nations. The foundation, with a modest workforce of 4 individuals, is committed to this cause.


Official website here: www.milagrosfoundation.org

Is Milagros Foundation legitimate?

Milagros Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milagros 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: $87,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,391

For more financial information, click here


Official website here: www.milagrosfoundation.org

What is the mission statement of Milagros Foundation?

The Milagros Foundation's mission is to contribute to the disciple-making process globally by collaborating with Christian ministries in developing countries. They focus on nurturing promising student leaders by providing university education and discipleship experiences. This mission aims to spread the influence of these leaders within their communities, thereby promoting growth and development. The foundation's work is centered around supporting Christian ministries as they build up the next generation of leaders, ultimately contributing to the betterment of communities worldwide.


Official website here: www.milagrosfoundation.org

Who is the CEO of Milagros Foundation?

Scott Steele is the Board Chairman of Milagros Foundation.


Official website here: www.milagrosfoundation.org

What is the revenue of Milagros Foundation?

Milagros Foundation's revenue in 2022 was $278,109.


Official website here: www.milagrosfoundation.org

Who are the executives of Milagros Foundation and what are their salaries?

The average compensation at Milagros Foundation during 2022 was $26,448. There are 4 employees and 4 volunteers at Milagros Foundation.


Here are 6 key members and their salaries:


W Wesley Perry (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Steele (Board President)
  • Compensation: $38,400
  • Related: $0
  • Other: $0
Aldo Felix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Kirk (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Simpson (Secretary)
  • Compensation: $49,000
  • Related: $0
  • Other: $0


Official website here: www.milagrosfoundation.org

Where can I find the form 990 for Milagros Foundation?

Milagros Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.milagrosfoundation.org

Learn more at the official website: www.milagrosfoundation.org

Mission Statement of Milagros Foundation

Milagros Foundation, a nonprofit organization, is committed to making disciples of all nations by supporting Christian ministries in developing countries. Its primary mission is to bolster these ministries as they foster promising student leaders by providing university education and discipleship experiences. By partnering with these ministries, Milagros Foundation aims to contribute to the development of future leaders who can bring about positive change in their communities. The organization's work is rooted in the belief that education and spiritual growth are essential tools for empowering individuals to become agents of change in their respective nations.

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Impact




October, 2024

Milagros Foundation positively impacts developing countries by supporting Christian ministries that focus on fostering promising student leaders. By providing access to university education and discipleship experiences, the foundation empowers young individuals to grow academically and spiritually. This initiative not only enhances educational opportunities but also helps cultivate strong values and leadership skills rooted in faith. As these student leaders develop, they are better equipped to contribute to their communities, fostering a ripple effect of positive change that resonates through families and society at large. Through its mission, Milagros Foundation is making significant strides in creating a network of empowered and knowledgeable leaders who are committed to their communities and the broader goal of making disciples of all nations.




This information is meant to be a general summary of Milagros 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.

Revenue
$278,109 (2022)
Expenses
$414,444 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,866
  • Gross Receipts: $690,663

Assets and Liabilities:

  • Total Assets: $1,659,993
  • Total Liabilities: $595
  • Net Assets: $1,659,398

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Organization Details

Founding Year

1997

Principal Officer

Scott Steele

Main Address

103 S CHURCH ST, MCKINNEY, TX, 75069

NTEE Category

Code: P20 - Human services

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