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Nonprofit · EIN 75-2706668

MILAGROS FOUNDATION

Tax-exempt · MCKINNEY, TX 75069

Financials

$104K$468K2024
Revenue Expenses · by fiscal year end
Financials of MILAGROS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$104,007$468,050-$364,043$1,110,192$570$1,109,622
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$47,600
Program service revenue
$0
Investment income
$38,922
Royalties
$17,485
Net gain from sales of assets
$23,266
Other revenue
$17,485

Expenses

Grants and similar amounts paid
$231,947
Compensation of officers, directors and key employees
$95,036
Other salaries and wages
$40,000
Salaries, compensation and benefits (total)
$146,912
Professional fundraising fees
$0
Accounting fees
$4,708
Travel
$11,634
Program services (functional)
$420,119
Management and general (functional)
$32,883
Fundraising (functional)
$15,048

Balance sheet and other

Total assets, start of year
$1,474,235
Total assets, end of year
$1,110,192
Total liabilities, end of year
$570
Net assets, end of year
$1,109,622
Land, buildings and equipment
$509,444
Publicly traded securities
$217,022
Gross receipts
$626,692
Employees
5
Volunteers
11
Year formed
1997
State of legal domicile
TX

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SCOTT STEELEEXECUTIVE DIRECTOR
Officer
10$71,036
HEATHER SIMPSONTRESASURER
Officer
10$24,000
ALDO FELIXBOARD CHAIRMAN
Trustee or director, Officer
2$0
KATIE FELIXSECRETARY
Trustee or director, Officer
2$0
MATTHEW CAMPBELLBOARD MEMBER
Trustee or director
2$0
BECKY CAMPBELLBOARD MEMBER
Trustee or director
2$0
PAUL LERWICKBOARD MEMBER
Trustee or director
2$0
JOHN STARCKBOARD MEMBER
Trustee or director
2$0
AMANDA STARCKBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
103 S CHURCH ST, MCKINNEY, TX 75069-4430
In care of
% W WESLEY PERRY
Principal officer (990 for 2024)
SCOTT STEELE, 103 S CHURCH ST, MCKINNEY, TX 75069
Signed the 990
SCOTT STEELE, PRESIDENT
Phone
(336) 391-1429
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

TO MAKE DISCIPLES OF ALL NATIONS BY WORKING WITH CHRISTIAN MINISTRIES IN DEVELOPING COUNTRIES AS THEY BUILD UP PROMISING STUDENT LEADERS BY PROVIDING UNIVERSITY EDUCATION AND DISCIPLESHIP EXPERIENCES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT CHRISTIAN MINISTRIES IN DEVELOPING COUNTRIES AS THEY ARE BUILDING UP PROMISING STUDENT LEADERS BY PROVIDING UNIVERSITY EDUCATION AND DISCIPLESHIP EXPERIENCES.
    Expenses $420,119 · grants $231,947

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2706668
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$1,110,192
Income (IRS master file)
$626,692

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$622,700$589,280$1,474,235IRS
990December 2022$278,109$414,444$1,659,993IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MILAGROS FOUNDATION

What is the EIN of MILAGROS FOUNDATION?
The employer identification number (EIN) of MILAGROS FOUNDATION is 75-2706668.
Is MILAGROS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to MILAGROS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MILAGROS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MILAGROS FOUNDATION 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 MILAGROS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MILAGROS FOUNDATION?
The 990 for the year ended December 31, 2024 names SCOTT STEELE.
Who are the officers and directors of MILAGROS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $71,036 (SCOTT STEELE, EXECUTIVE DIRECTOR).
How much revenue does MILAGROS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $104,007, expenses of $468,050 and total assets of $1,110,192 at year end.

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