Civic Intelligence

Fundacion MMM Inc.

990 • Fiscal year 2022 • EIN 66-0663265

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Organization ProfileWWW.FUNDACION-MMM.ORG
350 Chardon Ave Ste 500 Toree ChardSan Juan, PR 00918

(939) 992-2311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.22x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

98th percentile

397%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

311%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$984,679

Up $786,418 (+397%) from 2021

Net Assets

Up

$767,161

Up $571,247 (+292%) from 2021

Liabilities

Up

$217,518

Up $215,171 (+9168%) from 2021

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin86th percentile

Revenue

Up

$1,363,197

Up $1,031,415 (+311%) from 2021

Expenses

Up

$791,950

Up $297,430 (+60%) from 2021

Net Income

Up

$571,247

Up $733,985 (+451%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2016: $70,159Liabilities 2016: $0Net Assets 2016: $70,0692016Assets 2017: $155,316Liabilities 2017: $0Net Assets 2017: $155,3162017Assets 2018: $214,308Liabilities 2018: $0Net Assets 2018: $214,3082018Assets 2019: $176,482Liabilities 2019: $1,221Net Assets 2019: $175,2612019Assets 2020: $359,984Liabilities 2020: $1,332Net Assets 2020: $358,6522020Assets 2021: $198,261Liabilities 2021: $2,347Net Assets 2021: $195,9142021Assets 2022: $984,679Liabilities 2022: $217,518Net Assets 2022: $767,1612022Assets 2023: $634,776Liabilities 2023: $223,398Net Assets 2023: $411,3782023Assets 2024: $825,985Liabilities 2024: $473,535Net Assets 2024: $352,4502024

Highlighted filing

2022

Assets$984,679
Liabilities$217,518
Net Assets$767,161
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $376,352Expenses 2016: $317,902Net Income 2016: $58,4502016Revenue 2017: $412,206Expenses 2017: $326,869Net Income 2017: $85,3372017Revenue 2018: $209,735Expenses 2018: $150,743Net Income 2018: $58,9922018Revenue 2019: $63,525Expenses 2019: $102,572Net Income 2019: -$39,0472019Revenue 2020: $347,399Expenses 2020: $164,007Net Income 2020: $183,3922020Revenue 2021: $331,782Expenses 2021: $494,520Net Income 2021: -$162,7382021Revenue 2022: $1,363,197Expenses 2022: $791,950Net Income 2022: $571,2472022Revenue 2023: $1,722,420Expenses 2023: $2,078,203Net Income 2023: -$355,7832023Revenue 2024: $1,761,975Expenses 2024: $1,820,903Net Income 2024: -$58,9282024

Highlighted filing

2022

Revenue$1,363,197
Expenses$791,950
Net Income$571,247
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$1,363,197
Mission and Program Overview

Mission

Provide and develop social, educational and civic services to elderly communities

Provide and develop social, educational and civic services to elderly communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,517$673,350▲ $637,833
Accounts Receivable$105,687$133,474▲ $27,787
Inventories for Sale or Use$57,057$119,122▲ $62,065
Prepaid Expenses and Deferred Charges-$27,308-
Pledges and Grants Receivable-$21,000-
Land, Buildings, and Equipment, Net-$10,425-
Total Assets$198,261$984,679▲ $786,418
Liabilities
Deferred Revenue-$175,000-
Accounts Payable and Accrued Expenses$2,347$42,518▲ $40,171
Total Liabilities$2,347$217,518▲ $215,171
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$429,173$426,343▼ $2,830
Net Assets With Donor Restrictions$-233,259$340,818▲ $574,077
Total Net Assets Fund Balance$195,914$767,161▲ $571,247
Total Liabilities and Net Assets / Fund Balance$198,261$984,679▲ $786,418

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,832$1,368-
Leasehold Improvements$4,593$607-
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Angela WaynePresident
Diego SuarezMember
Eyminel VielMember
Juan Jose ForastieriMember
Luis Torres LlompartMember
Orlando GonzalezMember
Veronica VisoMember
Waleska RiveraMember
Raul MontalvoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,363,197
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,095,174
Change in Net Assets
$571,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,363,197
Total Revenue per Audited Statements
$1,363,197
Total Revenue per Form 990
$1,363,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$327,316
Grants and Similar Amounts Paid$253,811
Salaries, Compensation, and Employee Benefits$210,823
Total Fundraising Expense$130,722
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$253,811--$253,811
Other Salaries and Wages-$180,052-$180,052
Fees for Services Other-$41,657-$41,657
Fees for Services Accounting-$36,560-$36,560
Payroll Taxes-$30,771-$30,771
Other Expenses$16,559$50,153$130,722$16,559
Office Expenses-$7,064-$7,064
Insurance-$4,276-$4,276
Advertising-$4,021-$4,021
Depreciation Depletion-$1,975-$1,975
Total Functional Expenses$270,370$390,858$130,722$791,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$791,950
Total Expenses per Audited Statements$791,950
Total Expenses per Form 990$791,950
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$268,023---
Total Events$268,023---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Once form 990 is completed, finance personnel verified that amounts included in the form are in agreement with amounts included within audited financial statements and accounting records. They also verify that answers provided to information request questionairies are answered to the best of their knowledge and belief. Any contributors information is verified for correctness. Form is distributed to bod finance committee for comments and final approval for issuance.”

Form 990, Page 6, Part VI, Line 12C

“From time-to-time fundacin mmm, inc. (fundacin mmm) stakeholders (fundacin mmm volunteers, fundacin mmm staff, etc.) are involved in fundacin mmm activities that are directly or indirectly related to their personal or professional business and financial interests which could be considered a conflict of interest. It is not necessarily in fundacin mmms best interest to prohibit all participation by stakeholders with an actual, potential, or perceived conflict of interest because in many cases, knowledge of the conflict of interest can be managed to mitigate the risk to both fundacin mmm and its stakeholders.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, financial statements, and form 990 are available to public inspection upon request. Once a written request is made for inspection, coordination is made between the organization and the requesting party to facilitate the inspection process.”

Filing and Contact Details

Filer

Filer Name
Fundacion Mmm Inc
EIN
66-0663265
Phone
9399922311
Address
350 CHARDON AVE STE 500 TOREE CHARD, SAN JUAN, PR 00918

Signing Officer

Name
Eyminel Viel
Title
Member
Phone
9399922311
Signed
2023-05-10

Organization Details

Principal Officer
Eyminel Viel
Formed
2004
Legal Domicile
Pr
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
22

Preparer

Firm
Rsm Puerto Rico
Address
PO BOX 10528, SAN JUAN, PR 00922-0528
Preparer
Rafael De Rojas Sanchez
Phone
7877516164
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide and develop social, educational and civic services to elderly communities.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HEALTH ASSISTANCE CANCER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FURNITURE CONTRIBUTIONS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2ARECIBO TORNADO VICTIMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3HURRICANE FIONA RELIEF
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4FIRST AID SUPPLIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5SCHOOL SUPPLIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6ELDERLY HOME ASSISTANCE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt16687
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt246043
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt382950
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt44080
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0EQUIPMENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1CLOTHING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc2CLOTHING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc3EQUIPMENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc4SCHOOL SUPPLIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc5FIRST AID
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt250
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt4100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt5100
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc4COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc5COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART III (A)(1) CASH CONTRIBUTIONS TO COVER HEALTH ASSISTANCE - CANCER (A)(2) FURNITURE & APPLIANCES CONTRIBUTIONS TO INDIGENT. (F)(2) EQUIPMENT, APPLIANCES, FURNITURE, ETC. (A)(3) FOOD, CLOTHING, ETC. GRANTED TO ARECIBO TORNADO VICTIMS. (F)(3) CLOTHING, BLANKETS, HYGIENE KITS, ETC. (A)(4) FOOD, CLOTHING FOR INMEDIATE RELIEF FOR VICTIMS OF HURRICANE FIONA. (F)(4) CLOTHING, WIPES, WATER TREATMENT, ETC. (A)(5) FIRST AID SUPPLIES & EQUIPMENT. (F)(5) FIRST AID SUPPLIES, ASSISTANCE FOR HOME STRUCTURE. RESILIENCE & RECONSTRUCTION. (A)(6) SCHOOL SUPPLIES AND ASSISTANCE PROVIDED TO INDIGENT STUDENTS. (F)(6) NOTEBOOKS, PENCILS, BACKPACKS, ETC. (A)(7) ASSISTANCE PROVIDED TO ELDERLY HOMES. (A)(7) DIAPERS, PILLOWS, TOWELS, HYGIENE KITS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE AND DEVELOP SOCIAL, EDUCATIONAL AND CIVIC SERVICES TO ELDERLY COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE FORM 990 IS COMPLETED, FINANCE PERSONNEL VERIFIED THAT AMOUNTS INCLUDED IN THE FORM ARE IN AGREEMENT WITH AMOUNTS INCLUDED WITHIN AUDITED FINANCIAL STATEMENTS AND ACCOUNTING RECORDS. THEY ALSO VERIFY THAT ANSWERS PROVIDED TO INFORMATION REQUEST QUESTIONAIRIES ARE ANSWERED TO THE BEST OF THEIR KNOWLEDGE AND BELIEF. ANY CONTRIBUTORS INFORMATION IS VERIFIED FOR CORRECTNESS. FORM IS DISTRIBUTED TO BOD FINANCE COMMITTEE FOR COMMENTS AND FINAL APPROVAL FOR ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FROM TIME-TO-TIME FUNDACIN MMM, INC. (FUNDACIN MMM) STAKEHOLDERS (FUNDACIN MMM VOLUNTEERS, FUNDACIN MMM STAFF, ETC.) ARE INVOLVED IN FUNDACIN MMM ACTIVITIES THAT ARE DIRECTLY OR INDIRECTLY RELATED TO THEIR PERSONAL OR PROFESSIONAL BUSINESS AND FINANCIAL INTERESTS WHICH COULD BE CONSIDERED A CONFLICT OF INTEREST. IT IS NOT NECESSARILY IN FUNDACIN MMMS BEST INTEREST TO PROHIBIT ALL PARTICIPATION BY STAKEHOLDERS WITH AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST BECAUSE IN MANY CASES, KNOWLEDGE OF THE CONFLICT OF INTEREST CAN BE MANAGED TO MITIGATE THE RISK TO BOTH FUNDACIN MMM AND ITS STAKEHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO PUBLIC INSPECTION UPON REQUEST. ONCE A WRITTEN REQUEST IS MADE FOR INSPECTION, COORDINATION IS MADE BETWEEN THE ORGANIZATION AND THE REQUESTING PARTY TO FACILITATE THE INSPECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine2Txt0TORRE CHARDON
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IRS990/WebsiteAddressTxt0WWW.FUNDACION-MMM.ORG
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EYMINEL VIEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660388756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM PUERTO RICO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10528
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0009220528
ReturnHeader/PreparerPersonGrp/PhoneNum07877516164
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAFAEL DE ROJAS SANCHEZ

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$984,679
Liabilities
$217,518
Net assets
$767,161
Revenue
$1,363,197
Expenses
$791,950
Net income
$571,247
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.47$0.35$1.76$1.82$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.63$0.22$0.41$1.72$2.08$0.36
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.22$0.77$1.36$0.79$0.57
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.33$0.49$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.35$0.16$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.06$0.10$0.04
2018Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$0.21$0.15$0.06
2017Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.41$0.33$0.09
2016Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.38$0.32$0.06