Civic Intelligence

Ilac Foundation Inc Co Carola Calderin

990 • Fiscal year 2018 • EIN 13-4246159

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 18, 2019

Organization Profilewww.ilac.org.do
2925 Bridgeport AvenueMiami, FL 33133

(305) 582-3496

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.13x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

2nd percentile

-227%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-36%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$862,605

Down $139,224 (-14%) from 2017

Net Assets

Down

$856,184

Down $138,931 (-14%) from 2017

Liabilities

Down

$6,421

Down $293 (-4.4%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin2nd percentile

Revenue

Down

$51,126

Down $29,377 (-36%) from 2017

Expenses

Up

$167,384

Up $83,887 (+100%) from 2017

Net Income

Down

-$116,258

Down $113,264 (-3783%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $606,885Liabilities 2010: $0Net Assets 2010: $606,8852010Assets 2011: $583,577Liabilities 2011: $0Net Assets 2011: $583,5772011Assets 2012: $469,549Liabilities 2012: $02012Assets 2013: $521,447Liabilities 2013: $0Net Assets 2013: $521,4472013Assets 2014: $649,975Liabilities 2014: $739Net Assets 2014: $649,2362014Assets 2015: $915,898Liabilities 2015: $567Net Assets 2015: $915,3312015Assets 2016: $999,958Liabilities 2016: $1,849Net Assets 2016: $998,1092016Assets 2017: $1,001,829Liabilities 2017: $6,714Net Assets 2017: $995,1152017Assets 2018: $862,605Liabilities 2018: $6,421Net Assets 2018: $856,1842018Assets 2019: $876,210Liabilities 2019: $23Net Assets 2019: $876,1872019Assets 2020: $500,492Liabilities 2020: $775Net Assets 2020: $499,7172020Assets 2021: $666,622Liabilities 2021: $0Net Assets 2021: $666,6222021Assets 2022: $669,045Liabilities 2022: $0Net Assets 2022: $669,0452022Assets 2023: $446,614Liabilities 2023: $0Net Assets 2023: $446,6142023Assets 2024: $842,594Liabilities 2024: $61Net Assets 2024: $842,5332024

Highlighted filing

2018

Assets$862,605
Liabilities$6,421
Net Assets$856,184
Open 2018 Filing

Operations Trend

Revenue Growth8th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $51,6442010Expenses 2011: $86,4842011Revenue 2012: $6,744Expenses 2012: $120,772Net Income 2012: -$114,0282012Revenue 2013: $85,722Expenses 2013: $33,824Net Income 2013: $51,8982013Revenue 2014: $263,909Expenses 2014: $136,120Net Income 2014: $127,7892014Revenue 2015: $337,755Expenses 2015: $71,660Net Income 2015: $266,0952015Revenue 2016: $164,474Expenses 2016: $81,696Net Income 2016: $82,7782016Revenue 2017: $80,503Expenses 2017: $83,497Net Income 2017: -$2,9942017Revenue 2018: $51,126Expenses 2018: $167,384Net Income 2018: -$116,2582018Revenue 2019: $161,749Expenses 2019: $98,578Net Income 2019: $63,1712019Revenue 2020: $100,433Expenses 2020: $4,659Net Income 2020: $95,7742020Revenue 2021: $255,098Expenses 2021: $105,869Net Income 2021: $149,2292021Revenue 2022: $410,088Expenses 2022: $407,666Net Income 2022: $2,4222022Revenue 2023: $576,760Expenses 2023: $799,191Net Income 2023: -$222,4312023Revenue 2024: $526,058Expenses 2024: $130,144Net Income 2024: $395,9142024

Highlighted filing

2018

Revenue$51,126
Expenses$167,384
Net Income-$116,258
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 18, 2019
Return Version
2018v3.1
Gross Receipts
$51,126
Mission and Program Overview

Mission

Promote better health and living conditions as well as educational programs for the impoverished and farmers of the dominican republic, including improving education, the prevention of disease and to provide practical health maintenance solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,000,554$862,605▼ $137,949
Rtn Earn Endowment Incm Other Fnds$995,115$856,184▼ $138,931
Land, Buildings, and Equipment, Net$1,275$0▼ $1,275
Cash and Non-Interest-Bearing Accounts-$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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,001,829$862,605▼ $139,224
Other Assets Total-$0-
Liabilities
Other Liabilities$6,714$6,421▼ $293
Total Liabilities$6,714$6,421▼ $293
Net Assets / Fund Balance
Total Net Assets Fund Balance$995,115$856,184▼ $138,931
Total Liabilities and Net Assets / Fund Balance$1,001,829$862,605▼ $139,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$18,700$18,700
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Mario DavalosPresident
Buddy LevyDirector
Dr Mercedes CapellanDirector
Dr Robert HeaneyDirector
Ernesto F TraviesoExecutive Direc
Marcel Morel MdSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,141
Program Service Revenue
$0
Investment Income
$33,985
Other Revenue
$0
All Other Contributions
$17,141
Change in Net Assets
$-116,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$157,288
Other Expenses$10,096
Total Fundraising Expense$505
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$157,288--$157,288
Travel$7,721$429$429$8,579
Depreciation Depletion$1,147$64$64$1,275
Other Expenses$218$12$12$242
Total Functional Expenses$166,374$505$505$167,384
International Activity

International Summary

Spending
$157,288

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
CaribbeanProgram ServicesHealth, Educ, Etc.00$157,288
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
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
Credit Card Payable$6,421
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Company's activities are subject to board of directors' approval.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Company's activities are subject to board of directors' approval.”

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

“Copy reviewed with board of directors at meeting. Reviewed by signing officer prior to signing.”

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

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Ilac Foundation Inc
EIN
13-4246159
Phone
3055823496
Address
2925 BRIDGEPORT AVENUE, MIAMI, FL 33133

Signing Officer

Name
Ernesto F Travieso
Title
Officer
Signed
2019-11-18
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
13
Employees
0

Preparer

Firm
Becher Nall Brydon Spahn & Co
Address
7900 NW 155 St Ste 201, Miami Lakes, FL 33016
Preparer
Herbert Spahn Iii
Phone
3054457956
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0244
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0126948
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.29780
IRS990ScheduleA/PublicSupportPY170Pct00.35940
IRS990ScheduleA/PublicSupportTotal170Amt0267383
IRS990ScheduleA/SubstantialContributorsTotAmt0503435
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt017141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt041900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0110695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0337417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0263665
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0770818
IRS990ScheduleA/TotalSupportAmt0897766
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018700
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/TotalLiabilityAmt06421
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0157288
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0HEALTH, EDUC, ETC.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0157288
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CHECKS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0HEALTH, EDUC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CARIBEAN
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0157288
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0N/A - ILAC FOUNDATION, INC. PROVIDES ASSISTANCE AND NEITHER SOLICITS NOR ISSUES GRANTS
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1N/A - ILAC FOUNDATION, INC. PROVIDES ASSISTANCE AND NEITHER SOLICITS NOR ISSUES GRANTS
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2MONIES ARE EXPENDED TO SUPPORT PROGRAMS OF HEALTH, EDUCATION, AGRICULTURE, SPIRITUALITY AND OTHER ACTIVITIES
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 3f - Investments and Expenditures
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TotalSpentAmt0157288
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMPANY'S ACTIVITIES ARE SUBJECT TO BOARD OF DIRECTORS' APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPANY'S ACTIVITIES ARE SUBJECT TO BOARD OF DIRECTORS' APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY REVIEWED WITH BOARD OF DIRECTORS AT MEETING. REVIEWED BY SIGNING OFFICER PRIOR TO SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01001829
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IRS990/TotalContributionsAmt017141
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0505
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0167384
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06714
IRS990/TotalLiabilitiesEOYAmt06421
IRS990/TotalLiabilitiesGrp/BOYAmt06714
IRS990/TotalLiabilitiesGrp/EOYAmt06421
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0995115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0856184
IRS990/TotalProgramServiceExpensesAmt0166374
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033985
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051126
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01001829
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0862605
IRS990/TravelGrp/FundraisingAmt0429
IRS990/TravelGrp/ManagementAndGeneralAmt0429
IRS990/TravelGrp/ProgramServicesAmt07721
IRS990/TravelGrp/TotalAmt08579
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033133
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.ilac.org.do
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILAC FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CO ALBERTO BATISTA
ReturnHeader/Filer/BusinessNameControlTxt0ILAC
ReturnHeader/Filer/EIN0134246159
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ReturnHeader/Filer/USAddress/CityNm0MIAMI

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$862,605
Liabilities
$6,421
Net assets
$856,184
Revenue
$51,126
Expenses
$167,384
Net income
-$116,258
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.00$0.84$0.53$0.13$0.40
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.58$0.80$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.41$0.41$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.26$0.11$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.00$0.50$0.10$0.00$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.16$0.10$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.86$0.05$0.17$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.01$1.00$0.08$0.08$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.16$0.08$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.34$0.07$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.26$0.14$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.09$0.03$0.05
2012Summary only. Only limited summary data is available for this year.$0.47$0.00$0.01$0.12$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.09
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$0.05