Coromoto 2020

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

EIN: 863558682 ✦ Excelsior, MN ✦ Designated as a 501(c)(3)

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Overview

What is Coromoto 2020?

Coromoto 2020 is a not-for-profit organization, operating both in the United States and Venezuela. Their primary mission involves collecting contributions and channeling them towards charitable or educational purposes. This encompasses providing essentials like food, clothing, healthcare, and education to the less fortunate, as well as supporting various social and spiritual institutions, such as family homes, nursing homes, soup kitchens, and seminaries. In the US, they specifically funded food suppliers, local representatives, and local expenditures for Coromoto 2020 Venezuela's operations.


Official website here: www.coromoto2020.com

Is Coromoto 2020 legitimate?

Coromoto 2020 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coromoto 2020 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: $0

For more financial information, click here


Official website here: www.coromoto2020.com

What is the mission statement of Coromoto 2020?

Coromoto 2020, a non-profit organization established under Venezuelan law, aims to collect donations for charitable and educational purposes. Their mission encompasses providing essential aid such as food, clothing, health services, and education to the underprivileged and distressed individuals. They also extend their assistance to institutions of a social and spiritual nature, including family homes, nursing homes, soup kitchens, and seminaries. Furthermore, Coromoto 2020 supports and fosters various projects initiated by their organization.


Official website here: www.coromoto2020.com

What is the revenue of Coromoto 2020?

Coromoto 2020's revenue in 2023 was $243,400.


Official website here: www.coromoto2020.com

Who are the executives of Coromoto 2020 and what are their salaries?

Here are 3 key members and their salaries:


Milena Gonzalez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mario Gonzalez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Fernanda Polanco (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.coromoto2020.com

Where can I find the form 990 for Coromoto 2020?

Coromoto 2020's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.coromoto2020.com

Learn more at the official website: www.coromoto2020.com

Mission Statement of Coromoto 2020

Coromoto 2020, a not-for-profit organization based in Venezuela, is dedicated to collecting contributions and using them for charitable or educational purposes. Their mission extends to providing essential aid to those in need, including food, clothing, healthcare, and education. They also offer psychological assistance to the poor, the distressed, and underprivileged individuals. Furthermore, Coromoto 2020 supports other social and spiritual institutions such as family homes, nursing homes, soup kitchens, and seminaries. Additionally, they foster and sponsor various projects initiated by themselves to contribute to the betterment of society.

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Impact




October, 2024

Coromoto 2020 has made a significant impact by addressing critical needs within underprivileged communities, particularly in Venezuela. By focusing on charitable and educational purposes, it has provided essential services such as food, clothing, health care, and psychological assistance. The organization plays a vital role in supporting local institutions, including family homes, nursing homes, and soup kitchens, ensuring that those in need receive vital resources.

Moreover, through its operational presence in Excelsior, Minnesota, Coromoto 2020 efficiently channels contributions to pay local suppliers and representatives in Venezuela, thereby fostering economic support for these communities. This strategic approach not only meets immediate needs but also promotes the sustainability of social services, enhancing the overall well-being of the distressed.

Coromoto 2020 exemplifies a commitment to philanthropy by nurturing a network of support that empowers individuals and bolsters community resilience in times of hardship.




This information is meant to be a general summary of Coromoto 2020. 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
$243,400 (2023)
Expenses
$155,698 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $243,400

Assets and Liabilities:

  • Total Assets: $38,424
  • Total Liabilities: $0
  • Net Assets: $38,424

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Organization Details

Founding Year

2021

Principal Officer

Milena Gonzalez

NTEE Category

Code: T11 - Philanthropy

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