Civic Intelligence

Fundarte Inc.

990 • Fiscal year 2020 • EIN 11-3711377

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 29, 2020

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

90th percentile

0.67x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$63,840

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

61%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-18%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$270,119

Up $101,929 (+61%) from 2019

Net Assets

Flat

$89,865

Flat from 2019

Liabilities

Up

$180,254

Up $101,929 (+130%) from 2019

Revenue

Down

$470,050

Down $102,503 (-18%) from 2019

Expenses

Down

$470,050

Down $102,503 (-18%) from 2019

Net Income

Flat

$0

Flat from 2019

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

2020

Assets$270,119
Liabilities$180,254
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

2020

Revenue$470,050
Expenses$470,050
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 29, 2020
Return Version
2019v5.0
Gross Receipts
$470,050
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, present, promote music, theater, dance, film and events by celebrating, awakening consciousness of emerging social movements

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,773$235,860▲ $127,087
Accounts Receivable$44,417$19,259▼ $25,158
Total Assets$168,190$270,119▲ $101,929
Other Assets Total$15,000$15,000→ $0
Liabilities
Deferred Revenue$71,063$151,654▲ $80,591
Other Liabilities-$28,600-
Accounts Payable and Accrued Expenses$7,262--
Total Liabilities$78,325$180,254▲ $101,929
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,865$89,865→ $0
Total Net Assets Fund Balance$89,865$89,865→ $0
Total Liabilities and Net Assets / Fund Balance$168,190$270,119▲ $101,929

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Everardo ChavezExecutive DiFT$63,840$63,840
Carlos CaballeroCFOFT$56,640$56,640

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$299,199
Program Service Revenue
$170,851
Investment Income
$0
Other Revenue
$0
All Other Contributions
$126,996
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$340,353
Salaries, Compensation, and Employee Benefits$129,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$120,480--$120,480
Travel$52,630--$52,630
Advertising$42,727--$42,727
Occupancy-$13,281-$13,281
All Other Expenses$5,063$7,588-$12,651
Payroll Taxes$9,217--$9,217
Other Expenses$8,079--$8,079
Conferences and Meetings$5,320--$5,320
Fees for Services Legal-$2,612-$2,612
Office Expenses-$2,350-$2,350
Insurance-$1,524-$1,524
Fees for Services Accounting-$706-$706
Total Functional Expenses$441,989$28,061$0$470,050
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$28,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Fundarte Inc
EIN
11-3711377
Phone
7863480789
Address
7455 COLLINS AVE STE 201, MIAMI BEACH, FL 33141

Signing Officer

Name
Everardo Chavez
Title
Executive Director
Phone
7863480789
Signed
2020-10-29

Organization Details

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

Preparer

Firm
Mf & Associates Group LLC
Address
8409 N MILITARY TRAIL STE 119, PALM BEACH GARDENS, FL 33410
Preparer
David Beck
Phone
5616911100
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0165851
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0209201
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0182285
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0162609
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0250501
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0970447
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0182285
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0162609
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0250501
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0970447
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0572553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0499735
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0499206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0499996
IRS990ScheduleA/Total509Grp/TotalAmt02541540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0470050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0572553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0499735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0499206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0499996
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02541540
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ART COLLECTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015000
IRS990ScheduleD/TotalLiabilityAmt028600
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0168190
IRS990/TotalAssetsEOYAmt0270119
IRS990/TotalAssetsGrp/BOYAmt0168190
IRS990/TotalAssetsGrp/EOYAmt0270119
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0299199
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028061
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441989
IRS990/TotalFunctionalExpensesGrp/TotalAmt0470050
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078325
IRS990/TotalLiabilitiesEOYAmt0180254
IRS990/TotalLiabilitiesGrp/BOYAmt078325
IRS990/TotalLiabilitiesGrp/EOYAmt0180254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089865
IRS990/TotalProgramServiceExpensesAmt0441989
IRS990/TotalProgramServiceRevenueAmt0170851
IRS990/TotalReportableCompFromOrgAmt0120480
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0170851
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0470050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0168190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0270119
IRS990/TravelGrp/ProgramServicesAmt052630
IRS990/TravelGrp/TotalAmt052630
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07601 BYRON AVENUE SUITE 4C
IRS990/USAddress/CityNm0MIAMI BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033141
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.FUNDARTE.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EVERARDO CHAVEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07863480789
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDARTE INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0113711377
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/AtSubmissionCreationDeviceId0115491F91821578C8404BF6EE8238F807B6CD85C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0115491F91821578C8404BF6EE8238F807B6CD85C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt040.121.4.26
ReturnHeader/FilingSecurityInformation/IPDt02020-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:08:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473665737
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MF & ASSOCIATES GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08409 N MILITARY TRAIL STE 119
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALM BEACH GARDENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033410
ReturnHeader/PreparerPersonGrp/PhoneNum05616911100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID BECK
ReturnHeader/ReturnTs02020-11-05T13:08:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2020Detailed filing. Detailed filing data is available for this year.$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