Civic Intelligence

Brazil Foundation

990 • Fiscal year 2019 • EIN 13-4131482

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

216 East 45th StreetNew York, NY 10001

(212) 244-3663

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • NTEE Q • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • NTEE Q • $1M-$5M nonprofits • Source year 2019

Net Margin

30th percentile

-1.6%

Higher net margin than 30% of similar nonprofits.

2019 filings • NTEE Q • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$68,277

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2019 filings • NTEE Q • $1M-$5M nonprofits • Source year 2019

Asset Growth

7th percentile

-36%

Faster asset growth than 7% of similar nonprofits.

2019 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-39%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,194,637

Down $1,257,634 (-36%) from 2018

Net Assets

Down

$2,185,042

Down $1,207,796 (-36%) from 2018

Liabilities

Down

$9,595

Down $49,838 (-84%) from 2018

Revenue

Down

$2,510,562

Down $1,601,788 (-39%) from 2018

Expenses

Down

$2,549,624

Down $1,417,408 (-36%) from 2018

Net Income

Down

-$39,062

Down $184,380 (-127%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,426,257Liabilities 2010: $39,872Net Assets 2010: $2,386,3852010Assets 2011: $3,487,096Liabilities 2011: $16,497Net Assets 2011: $3,470,5992011Assets 2012: $4,464,035Liabilities 2012: $19,396Net Assets 2012: $4,444,6392012Assets 2013: $4,036,679Liabilities 2013: $26,658Net Assets 2013: $4,010,0212013Assets 2014: $3,594,809Liabilities 2014: $520,054Net Assets 2014: $3,074,7552014Assets 2015: $2,935,749Liabilities 2015: $259,348Net Assets 2015: $2,676,4012015Assets 2016: $3,219,456Liabilities 2016: $159,118Net Assets 2016: $3,060,3382016Assets 2017: $3,652,193Liabilities 2017: $61,939Net Assets 2017: $3,590,2542017Assets 2018: $3,452,271Liabilities 2018: $59,433Net Assets 2018: $3,392,8382018Assets 2019: $2,194,637Liabilities 2019: $9,595Net Assets 2019: $2,185,0422019Assets 2020: $3,409,067Liabilities 2020: $140,020Net Assets 2020: $3,269,0472020Assets 2021: $6,894,669Liabilities 2021: $48,410Net Assets 2021: $6,846,2592021Assets 2022: $11,027,648Liabilities 2022: $1,382,839Net Assets 2022: $9,644,8092022Assets 2023: $12,481,101Liabilities 2023: $585,815Net Assets 2023: $11,895,2862023Assets 2024: $14,510,849Liabilities 2024: $529,327Net Assets 2024: $13,981,5222024

Highlighted filing

2019

Assets$2,194,637
Liabilities$9,595
Net Assets$2,185,042

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,369,405Expenses 2010: $2,307,108Net Income 2010: $1,062,2972010Revenue 2011: $5,091,966Expenses 2011: $4,037,137Net Income 2011: $1,054,8292011Expenses 2012: $3,309,1172012Revenue 2013: $3,572,109Expenses 2013: $3,763,447Net Income 2013: -$191,3382013Revenue 2014: $3,441,838Expenses 2014: $4,146,752Net Income 2014: -$704,9142014Revenue 2015: $3,263,806Expenses 2015: $3,198,476Net Income 2015: $65,3302015Revenue 2016: $3,505,786Expenses 2016: $3,025,546Net Income 2016: $480,2402016Revenue 2017: $3,839,819Expenses 2017: $3,448,809Net Income 2017: $391,0102017Revenue 2018: $4,112,350Expenses 2018: $3,967,032Net Income 2018: $145,3182018Revenue 2019: $2,510,562Expenses 2019: $2,549,624Net Income 2019: -$39,0622019Revenue 2020: $3,680,511Expenses 2020: $2,928,595Net Income 2020: $751,9162020Revenue 2021: $6,737,424Expenses 2021: $3,709,743Net Income 2021: $3,027,6812021Revenue 2022: $9,275,379Expenses 2022: $5,431,462Net Income 2022: $3,843,9172022Revenue 2023: $6,512,459Expenses 2023: $4,827,929Net Income 2023: $1,684,5302023Revenue 2024: $7,182,461Expenses 2024: $6,049,171Net Income 2024: $1,133,2902024

Highlighted filing

2019

Revenue$2,510,562
Expenses$2,549,624
Net Income-$39,062
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$2,709,473
Mission and Program Overview

Mission

Brazil Foundation promotes and raises awareness of education, health, economic and social justice in Brazil and within Brazilian communities.

Brazil Foundation promotes philanthropy and supports education, health, sustainability, economic and social justice programs in Brazil.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,179,170$1,461,699▲ $282,529
Cash and Non-Interest-Bearing Accounts$2,164,610$702,628▼ $1,461,982
Prepaid Expenses and Deferred Charges$82,964$11,912▼ $71,052
Land, Buildings, and Equipment, Net$9,927$2,798▼ $7,129
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,452,271$2,194,637▼ $1,257,634
Other Assets Total$15,600$15,600→ $0
Liabilities
Grants Payable$21,033--
Accounts Payable and Accrued Expenses$33,248$7,522▼ $25,726
Other Liabilities$5,152$2,073▼ $3,079
Total Liabilities$59,433$9,595▼ $49,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,592,297$2,115,849▲ $523,552
Net Assets With Donor Restrictions$1,800,541$69,193▼ $1,731,348
Total Net Assets Fund Balance$3,392,838$2,185,042▼ $1,207,796
Total Liabilities and Net Assets / Fund Balance$3,452,271$2,194,637▼ $1,257,634

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,798$52,618$55,416
Other Land Buildings-$735$735

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,500,841-▲ $339,484$431,778$1,408,547
2018$1,631,852-▼ $81,568-$1,500,841
2017$1,406,307$225,545--$1,631,852
2016$1,205,769$200,538--$1,406,307
2015$1,338,472---$1,205,769
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca TavaresPresident & CEOFT$68,277$68,277
Revenue and Support

Revenue Composition

Contributions and Grants
$1,958,725
Program Service Revenue
$47,344
Investment Income
$22,554
Other Revenue
$481,939
All Other Contributions
$1,894,062
Change in Net Assets
$-39,062

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded4$382,293
Total Noncash Contributions4$382,293

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,510,562
Revenue Not Reported on Form 990
$316,930
Total Revenue per Audited Statements
$2,827,492
Total Revenue per Form 990
$2,510,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,816,876
Salaries, Compensation, and Employee Benefits$473,016
Other Expenses$259,732
Total Fundraising Expense$255,202
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,816,876--$1,816,876
Other Salaries and Wages$133,946$83,718$117,203$334,867
Occupancy$30,508$34,322$11,440$76,270
Current Officers, Directors, Trustees, and Key Employees$27,311$17,068$23,897$68,276
Advertising--$45,765$45,765
Office Expenses$15,004$16,824$13,640$45,468
Other Employee Benefits$14,149$8,843$12,381$35,373
Payroll Taxes$13,800$8,625$12,075$34,500
Fees for Services Accounting$3,303$21,471$8,258$33,032
Fees for Services Other$1,758$11,427$4,395$17,580
Other Expenses$3,962$4,442$3,602$12,006
Information Technology$838$5,444$2,094$8,376
Depreciation Depletion-$4,718-$4,718
Travel$1,806-$452$2,258
Total Functional Expenses$2,063,261$231,161$255,202$2,549,624

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,549,624
Total Expenses per Audited Statements$2,549,624
Total Expenses per Form 990$2,549,624
International Activity

International Compliance

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
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$680,850
Fundraising Direct Expenses$198,911
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
NY Gala$680,850$680,850$25,809$655,041
Total Events$680,850$680,850$198,911$481,939
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$2,073
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 was e-mailed to each director for review and approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Required to certify compliance annually

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Finance committee of the board approves compensation and benefits.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Finance committee of the board approves compensation and benefits.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All these documents are available for download on Brazil Foundation's Website andupon request

Filing and Contact Details

Filer

Filer Name
Brazil Foundation
EIN
13-4131482
Phone
2122443663
Address
216 East 45th Street, New York, NY 10001

Signing Officer

Name
Rebecca Tavares
Title
President & CEO
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Tavares
Formed
2000
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
7
Volunteers
35

Preparer

Firm
Michael S Libock & Co LLC CPAs
Address
349 Kinderkamack Road, Westwood, NJ 07675-1652
Preparer
Michael S Libock CPA
Phone
2012631333
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Promoting philanthropy: BrazilFoundation is a recognized authority on philanthropy in Brazil and gives frequent presentations in the media and at conferences. The foundation educates donors and other stakeholders about socio-economic development in Brazil.

Other Changes In Net Assets Or Fund Balances - Other Decreases

Segregation of affiliate's beginning net assets - see sch O = -$1485664

Part XI, Line 9 Explanation

Effective January 1, 2019, Brazil Foundation no longer combines its financial statements with those of its foreign affiliate, Associao BrazilFoundation (ABF). ABF conducts charitable activities in Brazil under a Brazilian legal entity and its financial statements are prepared according to Brazilian accounting principles and laws.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The interest will be used to augment funds available for future grants and for contingencies.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Mauricio Morato
IRS990/Form990PartVIISectionAGrp/PersonNm2Marcello Hallake
IRS990/Form990PartVIISectionAGrp/PersonNm3Roberta Mazzariol
IRS990/Form990PartVIISectionAGrp/PersonNm4Karen Johnson Lassner
IRS990/Form990PartVIISectionAGrp/PersonNm5Mandy Gulbrandsen
IRS990/Form990PartVIISectionAGrp/PersonNm6Pedro Lichtinger
IRS990/Form990PartVIISectionAGrp/PersonNm7Karin Dauch
IRS990/Form990PartVIISectionAGrp/PersonNm8Daniela Reboucas
IRS990/Form990PartVIISectionAGrp/PersonNm9Paula Bezerra de Mello
IRS990/Form990PartVIISectionAGrp/PersonNm10Meliza Diamon
IRS990/Form990PartVIISectionAGrp/PersonNm11Will Landers
IRS990/Form990PartVIISectionAGrp/PersonNm12Luiz Felipe Diniz
IRS990/Form990PartVIISectionAGrp/PersonNm13Maria Carolina Tavares de Melo
IRS990/Form990PartVIISectionAGrp/PersonNm14Ricardo Puggina
IRS990/Form990PartVIISectionAGrp/PersonNm15Sylvia Coutinho
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.5$0.53$14.0$7.18$6.05$1.13
2023Detailed filing. Detailed filing data is available for this year.$12.5$0.59$11.9$6.51$4.83$1.68
2022Detailed filing. Detailed filing data is available for this year.$11.0$1.38$9.64$9.28$5.43$3.84
2021Detailed filing. Detailed filing data is available for this year.$6.89$0.05$6.85$6.74$3.71$3.03
2020Detailed filing. Detailed filing data is available for this year.$3.41$0.14$3.27$3.68$2.93$0.75
2019Detailed filing. Detailed filing data is available for this year.$2.19$0.01$2.19$2.51$2.55$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.45$0.06$3.39$4.11$3.97$0.15
2017Detailed filing. Detailed filing data is available for this year.$3.65$0.06$3.59$3.84$3.45$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.22$0.16$3.06$3.51$3.03$0.48
2015Detailed filing. Detailed filing data is available for this year.$2.94$0.26$2.68$3.26$3.20$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.59$0.52$3.07$3.44$4.15$0.70
2013Detailed filing. Detailed filing data is available for this year.$4.04$0.03$4.01$3.57$3.76$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$0.02$4.44$3.31
2011Summary only. Only limited summary data is available for this year.$3.49$0.02$3.47$5.09$4.04$1.05
2010Summary only. Only limited summary data is available for this year.$2.43$0.04$2.39$3.37$2.31$1.06
Peer Organizations

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