Civic Intelligence

The Pedro J Martinez and Brothers Foundation

990 • Fiscal year 2023 • EIN 91-1983749

Dec 01, 2022 to Nov 30, 2023 • Filed on Oct 15, 2024

PO Box 990045Boston, MA 02199

(888) 768-7228

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.16x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.10x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

94th percentile

104%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

9.7%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$377,090

Up $192,175 (+104%) from 2022

Net Assets

Up

$315,162

Up $130,247 (+70%) from 2022

Liabilities

Up

$61,928

Up $61,928 from 2022

Revenue

Up

$642,439

Up $56,727 (+9.7%) from 2022

Expenses

Down

$512,192

Down $87,367 (-15%) from 2022

Net Income

Up

$130,247

Up $144,094 (+1041%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $560,063Liabilities 2010: $0Net Assets 2010: $560,0632010Assets 2011: $454,272Liabilities 2011: $0Net Assets 2011: $454,2722011Assets 2012: $318,647Liabilities 2012: $0Net Assets 2012: $318,6472012Assets 2013: $259,223Liabilities 2013: $0Net Assets 2013: $259,2232013Assets 2014: $196,259Liabilities 2014: $0Net Assets 2014: $196,2592014Assets 2015: $110,493Liabilities 2015: $0Net Assets 2015: $110,4932015Assets 2021: $198,762Liabilities 2021: $0Net Assets 2021: $198,7622021Assets 2022: $184,915Liabilities 2022: $0Net Assets 2022: $184,9152022Assets 2023: $377,090Liabilities 2023: $61,928Net Assets 2023: $315,1622023Assets 2024: $323,362Liabilities 2024: $0Net Assets 2024: $323,3622024

Highlighted filing

2023

Assets$377,090
Liabilities$61,928
Net Assets$315,162

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $185,4122010Expenses 2011: $236,1962011Expenses 2012: $347,7382012Expenses 2013: $127,7612013Revenue 2014: $103,994Expenses 2014: $153,627Net Income 2014: -$49,6332014Revenue 2015: $280,729Expenses 2015: $346,331Net Income 2015: -$65,6022015Revenue 2021: $410,452Expenses 2021: $280,732Net Income 2021: $129,7202021Revenue 2022: $585,712Expenses 2022: $599,559Net Income 2022: -$13,8472022Revenue 2023: $642,439Expenses 2023: $512,192Net Income 2023: $130,2472023Revenue 2024: $834,409Expenses 2024: $854,007Net Income 2024: -$19,5982024

Highlighted filing

2023

Revenue$642,439
Expenses$512,192
Net Income$130,247
Jump To
Filing Snapshot
Filing Period
Dec 1, 2022 to Nov 30, 2023
Signed
Oct 15, 2024
Return Version
2022v5.0
Gross Receipts
$838,538
Mission and Program Overview

Mission

Our mission is to provide struggling youth with education, health and sports programs so they can thrive in life and make a healthy contribution to society.

Our goal is to meet every child's educational, medical and emotional needs, in order to equip them to break the cycle of poverty in their families and communities through our community center and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$170,915$377,090▲ $206,175
Accounts Receivable$14,000--
Total Assets$184,915$377,090▲ $192,175
Liabilities
Accounts Payable and Accrued Expenses-$61,928-
Total Liabilities$0$61,928▲ $61,928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,915$315,162▲ $130,247
Total Net Assets Fund Balance$184,915$315,162▲ $130,247
Total Liabilities and Net Assets / Fund Balance$184,915$377,090▲ $192,175
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$807,354
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-164,915
All Other Contributions
$447,726
Change in Net Assets
$130,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$228,754
Other Expenses$209,140
Professional Fundraising Fees$74,298
Total Fundraising Expense$74,298
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$228,754--$228,754
Fees for Services Other$77,249$7,200-$84,449
Fees for Services Professional Fundraising--$74,298$74,298
Fees for Services Management-$36,000-$36,000
Conferences and Meetings$25,574--$25,574
Office Expenses$18,485$1,042-$19,527
Fees for Services Accounting$4,137$4,137-$8,274
Advertising$6,183--$6,183
Interest$1,449--$1,449
Insurance$1,020--$1,020
Information Technology$474$474-$948
Other Expenses$877--$877
All Other Expenses$256--$256
Total Functional Expenses$389,041$48,853$74,298$512,192
International Activity

International Summary

Spending
$228,754

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanGrantmakingN/a--$228,754
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$196,099
Professional Fundraising Fees$74,298
Fundraising Gross Income$29,176

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$388,804$29,176$72,944$-43,768
Total Events$388,804$29,176$196,099$-166,923
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
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI

The organization is working to approve a conflict of interest policy, written whistleblower policy, and document retention and destruction policy.

Form 990, Page 6, Part VI, Line 2

Pedro j. Martinez carolina cruz de martinez trustee trustee family relationship

Form 990, Page 6, Part VI, Line 3

The organization engages a consulting company, chessher group, to oversee the day to day operations and fundraising.

Form 990, Page 6, Part VI, Line 8B

There were no committees with the authority to act on behalf of the board.

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

The trustees review the return prior to filing.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pedro Martinez Foundation
EIN
91-1983749
Phone
8887687228
Address
PO BOX 990045, BOSTON, MA 02199

Signing Officer

Name
Carolina Cruz De Martinez
Title
Trustee
Phone
8887214545
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolina Cruz De Martinez
Formed
1999
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
86

Preparer

Firm
Cliftonlarsonallen Llp
Address
3575 PIEDMONT RD NE STE 1550, ATLANTA, GA 30305
Preparer
Sarah Hintz
Phone
4042623300
Supplemental Narrative

Additional Explanations

Form 990

The pedro martinez foundation (pmf) mission is to provide struggling youth with education, health, and sports programs so they can thrive in life and make healthy a healthy contribution to society. We currently serve in 56 communities in the united states and latin america providing life changing programs in the areas of education, health and sports. Pmf has raised globally over 6.7 million dollars in donations in 2023 and we are continuing to grow every year so that we can have a greater impact on the next generation. For more information you can contact [email protected] or 888-768-7228.

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

The pedro martinez foundation (pmf) during the timeframe between december 1, 2022 to november 30, 2023 accomplished many exciting projects and initiatives all serving the common goal of helping disadvantaged youth have access to good education, health and sports. Our target and focused audience is youth struggling with difficult situations like growing up in a household with one or no parents, youth involved in drugs, youth that have no opportunities for education, youth facing major medical problems and many other areas of focus. Pmf's services increased during this time frame and now we serve 56 different communities in the united states and latin america with our life changing programs. Also, to date pmf has served over 200,000 youth with its programs and this number continues to increase every year because of generous donor support. Also, during this timeframe pmf has continued to build its flagship education and sports campus located in the dominican republic that will offer excellent education and sports programs to the 1700 youth that will attend this school. This campus will also have a medical and dental building that will allow the surrounding community to receive free healthcare. This complex is expected to be finished in 2025. We continue to thank you for your generous support and partnership as we reach many youth in the united states and latin america

Form 990, Part V, Line 4B

DOMINICAN REPUBLIC

Form 990, Part IX, Line 11G

Other 9,490 0 0 administrative 0 7,200 0 contractor 67,759 0 0 total 77,249 7,200 0

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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL SUPPORT
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CLOSELY REVIEWS ALL ACTIVITIES AND OUTREACHES AS WELL AS HOW FUNDS ARE BEING SPENT BY CONTINUALLY REVIEWING FINANCIAL REPORTS AND ACTIVITY.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1CENTRAL AMERICA AND THE CARIBBEAN 228,754 0
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2CASH BASIS ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES IN PART I, LINE 3 AND PART II, LINE 1.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE F, PAGE 5, PART V
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt04455 CAMP BOWIE BLVD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine2Txt0SUITE 114 NUMBER 177
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0CHESSHER GROUP CONTROL ARRANGEMENT
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt1CHESSHER GROUP FLAT FEE
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (III)
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (V)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PEDRO MARTINEZ FOUNDATION (PMF) MISSION IS TO PROVIDE STRUGGLING YOUTH WITH EDUCATION, HEALTH, AND SPORTS PROGRAMS SO THEY CAN THRIVE IN LIFE AND MAKE HEALTHY A HEALTHY CONTRIBUTION TO SOCIETY. WE CURRENTLY SERVE IN 56 COMMUNITIES IN THE UNITED STATES AND LATIN AMERICA PROVIDING LIFE CHANGING PROGRAMS IN THE AREAS OF EDUCATION, HEALTH AND SPORTS. PMF HAS RAISED GLOBALLY OVER 6.7 MILLION DOLLARS IN DONATIONS IN 2023 AND WE ARE CONTINUING TO GROW EVERY YEAR SO THAT WE CAN HAVE A GREATER IMPACT ON THE NEXT GENERATION. FOR MORE INFORMATION YOU CAN CONTACT [email protected] OR 888-768-7228.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PEDRO MARTINEZ FOUNDATION (PMF) DURING THE TIMEFRAME BETWEEN DECEMBER 1, 2022 TO NOVEMBER 30, 2023 ACCOMPLISHED MANY EXCITING PROJECTS AND INITIATIVES ALL SERVING THE COMMON GOAL OF HELPING DISADVANTAGED YOUTH HAVE ACCESS TO GOOD EDUCATION, HEALTH AND SPORTS. OUR TARGET AND FOCUSED AUDIENCE IS YOUTH STRUGGLING WITH DIFFICULT SITUATIONS LIKE GROWING UP IN A HOUSEHOLD WITH ONE OR NO PARENTS, YOUTH INVOLVED IN DRUGS, YOUTH THAT HAVE NO OPPORTUNITIES FOR EDUCATION, YOUTH FACING MAJOR MEDICAL PROBLEMS AND MANY OTHER AREAS OF FOCUS. PMF'S SERVICES INCREASED DURING THIS TIME FRAME AND NOW WE SERVE 56 DIFFERENT COMMUNITIES IN THE UNITED STATES AND LATIN AMERICA WITH OUR LIFE CHANGING PROGRAMS. ALSO, TO DATE PMF HAS SERVED OVER 200,000 YOUTH WITH ITS PROGRAMS AND THIS NUMBER CONTINUES TO INCREASE EVERY YEAR BECAUSE OF GENEROUS DONOR SUPPORT. ALSO, DURING THIS TIMEFRAME PMF HAS CONTINUED TO BUILD ITS FLAGSHIP EDUCATION AND SPORTS CAMPUS LOCATED IN THE DOMINICAN REPUBLIC THAT WILL OFFER EXCELLENT EDUCATION AND SPORTS PROGRAMS TO THE 1700 YOUTH THAT WILL ATTEND THIS SCHOOL. THIS CAMPUS WILL ALSO HAVE A MEDICAL AND DENTAL BUILDING THAT WILL ALLOW THE SURROUNDING COMMUNITY TO RECEIVE FREE HEALTHCARE. THIS COMPLEX IS EXPECTED TO BE FINISHED IN 2025. WE CONTINUE TO THANK YOU FOR YOUR GENEROUS SUPPORT AND PARTNERSHIP AS WE REACH MANY YOUTH IN THE UNITED STATES AND LATIN AMERICA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOMINICAN REPUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS WORKING TO APPROVE A CONFLICT OF INTEREST POLICY, WRITTEN WHISTLEBLOWER POLICY, AND DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PEDRO J. MARTINEZ CAROLINA CRUZ DE MARTINEZ TRUSTEE TRUSTEE FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ENGAGES A CONSULTING COMPANY, CHESSHER GROUP, TO OVERSEE THE DAY TO DAY OPERATIONS AND FUNDRAISING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE TRUSTEES REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER 9,490 0 0 ADMINISTRATIVE 0 7,200 0 CONTRACTOR 67,759 0 0 TOTAL 77,249 7,200 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART V, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0512192
IRS990/TotalGrossUBIAmt02000
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
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