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Nonprofit · EIN 66-0870996

MCS FOUNDATION INC

Tax-exempt · SAN JUAN, PR 00919

Financials

$1.3M$1M2023$1.8M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of MCS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,784,073$1,145,023$639,050$21,122$0$1,951,050
December 31, 2023990-PF$1,312,369$1,043,068$269,301$26,514$0$1,312,000
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,784,073

Expenses

Grants and similar amounts paid
$871,305
Disbursements for charitable purposes
$871,305

Balance sheet and other

Total assets, start of year
$1,312,000
Total assets, end of year
$21,122
Total liabilities, end of year
$0
Net assets, end of year
$1,951,050
Fair market value of assets
$1,951,050
Qualifying distributions
$871,305

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MONICA FERNOS
EL CID 660 AVE MIRAMAR PH, SAN JUAN, PR 00907
TRESURER5$0
RICARDO MARTINEZ
EL CID 660 AVE MIRAMAR PH, SAN JUAN, PR 00907
DIRECTOR1$0
JAMES O ODROBINAK
PO BOX 193319, SAN JUAN, PR 00919
DIRECTOR1$0
ROBERTO PANDO
PO BOX 193319, SAN JUAN, PR 00919
CHAIRPRSON1$0
GILBERTO R NEGRON
PO BOX 193319, SAN JUAN, PR 00919
SECRETARY5$0
CAROLYN RODRIGUEZ
PO BOX 193319, SAN JUAN, PR 00919
DIRECTOR3$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MONICA FERNOS
PO BOX 193319, SAN JUAN, PR 00919
TREASURER5$0
ELBA N RIVERA
PO BOX 193319, SAN JUAN, PR 00919
EXC DIR40$0
JAMES P ODROBINAK
PO BOX 193319, SAN JUAN, PR 00919
DIRECTOR1$0
ROBERTO PANDO
PO BOX 193319, SAN JUAN, PR 00919
CHAIRPRSON1$0
GILBERTO R NEGRON
PO BOX 193319, SAN JUAN, PR 00919
SECRETARY5$0
CAROLYN RODRIGUEZ
PO BOX 193319, SAN JUAN, PR 00919
DIRECTOR3$0

Address and contacts

Address (IRS master file)
PO BOX 193310, SAN JUAN, PR 00919-3310
In care of
% JOSE R APONTE AMADOR
Signed the 990-PF
MONICA FERNOS, TREASURER
Phone
(787) 999-8774
Return prepared by
UHY DEL VALLE & NIEVES PSC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
66-0870996
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2017
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$21,122
Income (IRS master file)
$1,784,073

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,784,073$1,145,023$21,122XML
990-PFDecember 2023$1,312,369$1,043,068$26,514XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0870996).

Questions about MCS FOUNDATION INC

What is the EIN of MCS FOUNDATION INC?
The employer identification number (EIN) of MCS FOUNDATION INC is 66-0870996.
Is MCS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to MCS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MCS FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of MCS FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MCS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of MCS FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does MCS FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,784,073, expenses of $1,145,023 and total assets of $21,122 at year end.

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