Civic Intelligence

Fundarte Inc.

990 • Fiscal year 2018 • EIN 11-3711377

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

7455 COLLINS AVE Ste 201Miami Beach, FL 33141

(786) 348-0789

Siviq Scores

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

Liabilities / Assets

91st percentile

0.62x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.30x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$54,400

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

59%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

0.1%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$238,885

Up $88,839 (+59%) from 2017

Net Assets

Flat

$89,865

Flat from 2017

Liabilities

Up

$149,020

Up $88,839 (+148%) from 2017

Revenue

Up

$499,735

Up $527 (+0.1%) from 2017

Expenses

Up

$499,735

Up $527 (+0.1%) from 2017

Net Income

Flat

$0

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $48,860Liabilities 2011: $14,849Net Assets 2011: $34,0112011Assets 2012: $40,176Liabilities 2012: $2,415Net Assets 2012: $37,7612012Assets 2013: $115,464Liabilities 2013: $77,534Net Assets 2013: $37,9302013Assets 2014: $104,758Liabilities 2014: $52,724Net Assets 2014: $52,0342014Assets 2015: $132,581Liabilities 2015: $130,783Net Assets 2015: $1,7982015Assets 2016: $206,618Liabilities 2016: $116,754Net Assets 2016: $89,8642016Assets 2017: $150,046Liabilities 2017: $60,181Net Assets 2017: $89,8652017Assets 2018: $238,885Liabilities 2018: $149,020Net Assets 2018: $89,8652018Assets 2019: $168,190Liabilities 2019: $78,325Net Assets 2019: $89,8652019Assets 2020: $270,119Liabilities 2020: $180,254Net Assets 2020: $89,8652020Assets 2021: $489,426Liabilities 2021: $368,947Net Assets 2021: $120,4792021Assets 2022: $473,553Liabilities 2022: $326,472Net Assets 2022: $147,0812022Assets 2023: $381,497Liabilities 2023: $234,416Net Assets 2023: $147,0812023Assets 2024: $296,411Liabilities 2024: $149,330Net Assets 2024: $147,0812024Assets 2025: $249,707Liabilities 2025: $102,626Net Assets 2025: $147,0812025

Highlighted filing

2018

Assets$238,885
Liabilities$149,020
Net Assets$89,865

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $278,772Expenses 2011: $278,149Net Income 2011: $6232011Expenses 2012: $374,7302012Revenue 2013: $437,989Expenses 2013: $437,819Net Income 2013: $1702013Revenue 2014: $514,331Expenses 2014: $500,227Net Income 2014: $14,1042014Revenue 2015: $472,497Expenses 2015: $440,053Net Income 2015: $32,4442015Revenue 2016: $499,997Expenses 2016: $499,844Net Income 2016: $1532016Revenue 2017: $499,208Expenses 2017: $499,208Net Income 2017: $02017Revenue 2018: $499,735Expenses 2018: $499,735Net Income 2018: $02018Revenue 2019: $572,553Expenses 2019: $572,553Net Income 2019: $02019Revenue 2020: $470,050Expenses 2020: $470,050Net Income 2020: $02020Revenue 2021: $381,970Expenses 2021: $381,971Net Income 2021: -$12021Revenue 2022: $680,276Expenses 2022: $680,276Net Income 2022: $02022Revenue 2023: $763,063Expenses 2023: $763,063Net Income 2023: $02023Revenue 2024: $866,661Expenses 2024: $866,661Net Income 2024: $02024Revenue 2025: $806,911Expenses 2025: $806,911Net Income 2025: $02025

Highlighted filing

2018

Revenue$499,735
Expenses$499,735
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$499,735
Mission and Program Overview

Mission

Produce, present, promote music, theater, dance, film, visual arts and special events by celebrating and awakening consciousness of emerging social movements

Produce presentpromote musictheater dance film and events by celebrating awakening consciousness of emerging social movements

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$93,288$152,666▲ $59,378
Cash and Non-Interest-Bearing Accounts$41,759$71,219▲ $29,460
Total Assets$150,047$238,885▲ $88,838
Other Assets Total$15,000$15,000→ $0
Liabilities
Deferred Revenue$60,142$139,078▲ $78,936
Accounts Payable and Accrued Expenses$40$9,942▲ $9,902
Total Liabilities$60,182$149,020▲ $88,838
Net Assets / Fund Balance
Unrestricted Net Assets$89,865$89,865→ $0
Total Net Assets Fund Balance$89,865$89,865→ $0
Total Liabilities and Net Assets / Fund Balance$150,047$238,885▲ $88,838

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$15,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Everardo ChavezExecutive DirectorFT$54,400$54,400
Carlos CaballeroProgramming DirectorFT$46,120$46,120

Board Members and Trustees

NameTitle
Ana Maria KlemeyerChair
Alejandro RiosVice President
Elena Montes De OcaBoard Member
Jose DominguezBoard Member
Eduardo ChavezAdvisory Council
Elizabeth DoudAdvisory Council
Michelle Heffner-hayesAdvisory Council
Beth BoneDevelopment Advisor
James M LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,450
Program Service Revenue
$187,285
Investment Income
$0
Other Revenue
$0
All Other Contributions
$178,438
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,199
Salaries, Compensation, and Employee Benefits$227,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$119,326--$119,326
Current Officers, Directors, Trustees, and Key Employees$100,520--$100,520
Travel$98,308--$98,308
Advertising$56,156--$56,156
Office Expenses-$20,919-$20,919
Other Expenses$14,606--$14,606
Fees for Services Other$13,353--$13,353
Payroll Taxes$7,690--$7,690
Fees for Services Accounting$3,600--$3,600
Insurance$1,800--$1,800
Fees for Services Management$380--$380
Total Functional Expenses$478,816$20,919$0$499,735
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
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

Part VI Line 11B

Review process: form 990 is provided to board of directors members

Part VI Line 11B

For their review before filing

Part VI Line 19

Documents available to the public

Filing and Contact Details

Filer

Filer Name
Fundarte Inc
EIN
11-3711377
In Care Of
% EVERARDO CHAVEZ
Phone
7863480789
Address
7455 COLLINS AVE Ste 201, MIAMI BEACH, FL 33141

Signing Officer

Name
Everardo Chavez
Title
Executive Director
Phone
3053166165
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Everardo Chavez
Formed
2003
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
SB Financial Services Corp
Address
13903 NW 67TH AVE SUITE 330, MIAMI LAKES, FL 33014
Preparer
Sergio a Bedrinana
Phone
7862942949
Supplemental Narrative

Additional Explanations

Part IX Line 11G

7430 Other Type of Exp. Total expenses - $4038.00 Program service expenses - $4038.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

7450 Services(Telef, Web) Total expenses - $9148.00 Program service expenses - $9148.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

7460 Utilities Total expenses - $167.00 Program service expenses - $167.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0187285
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0167609
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0255501
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0164831
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt050520
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0825746
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0187285
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0167609
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0255501
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0164831
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt050520
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0825746
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0499735
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0499208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0499996
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0317955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0514331
IRS990ScheduleA/Total509Grp/TotalAmt02331225
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0499735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0499208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0499996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0317955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0514331
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02331225
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ART COLLECTIONS
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015000
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW PROCESS: FORM 990 IS PROVIDED TO BOARD OF DIRECTORS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOR THEIR REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt37430 Other Type of Exp. Total expenses - $4038.00 Program service expenses - $4038.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt47450 Services(Telef, Web) Total expenses - $9148.00 Program service expenses - $9148.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt57460 Utilities Total expenses - $167.00 Program service expenses - $167.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IX Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IX Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IX Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0150047
IRS990/TotalAssetsEOYAmt0238885
IRS990/TotalAssetsGrp/BOYAmt0150047
IRS990/TotalAssetsGrp/EOYAmt0238885
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0312450
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0478816
IRS990/TotalFunctionalExpensesGrp/TotalAmt0499735
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060182
IRS990/TotalLiabilitiesEOYAmt0149020
IRS990/TotalLiabilitiesGrp/BOYAmt060182
IRS990/TotalLiabilitiesGrp/EOYAmt0149020
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089865
IRS990/TotalProgramServiceExpensesAmt0499735
IRS990/TotalProgramServiceRevenueAmt0187285
IRS990/TotalReportableCompFromOrgAmt0100520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0187285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0499735
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0150047
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0238885
IRS990/TravelGrp/ProgramServicesAmt098308
IRS990/TravelGrp/TotalAmt098308
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt089865
IRS990/UnrestrictedNetAssetsGrp/EOYAmt089865
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07601 BYRON AVE Ste 4C
IRS990/USAddress/CityNm0MIAMI BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033141
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.fundarte.us
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EVERARDO CHAVEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03053166165
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDARTE INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0113711377
ReturnHeader/Filer/InCareOfNm0% EVERARDO CHAVEZ
ReturnHeader/Filer/PhoneNum07863480789
ReturnHeader/Filer/USAddress/AddressLine1Txt07455 COLLINS AVE Ste 201
ReturnHeader/Filer/USAddress/CityNm0MIAMI BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033141
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03268B7C92840780645E6EAB429662EAE4CD4651E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03268B7C92840780645E6EAB429662EAE4CD4651E
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId060332720183191041388
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.195.117.120
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274391355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SB Financial Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013903 NW 67TH AVE SUITE 330
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI LAKES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033014
ReturnHeader/PreparerPersonGrp/PhoneNum07862942949
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SERGIO A BEDRINANA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-15T20:01:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$1.03$1.47$8.07$8.07$0.00
2024Detailed filing. Detailed filing data is available for this year.$2.96$1.49$1.47$8.67$8.67$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$2.34$1.47$7.63$7.63$0.00
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.74$3.26$1.47$6.80$6.80$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$3.69$1.20$3.82$3.82$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$1.80$0.90$4.70$4.70$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.78$0.90$5.73$5.73$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.39$1.49$0.90$5.00$5.00$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.60$0.90$4.99$4.99$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$1.17$0.90$5.00$5.00$0.00
2015Summary only. Only limited summary data is available for this year.$1.33$1.31$0.02$4.72$4.40$0.32
2014Summary only. Only limited summary data is available for this year.$1.05$0.53$0.52$5.14$5.00$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.78$0.38$4.38$4.38$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.02$0.38$3.75
2011Summary only. Only limited summary data is available for this year.$0.49$0.15$0.34$2.79$2.78$0.01