Civic Intelligence

The Torretta Foundation Inc

EIN 20-0000549 • 501(c)3 • Miami, FL

Profile

Contribute to myasthenia gravis & amotrophic lateral sclerosis research & to financially assist families impacted by such diseases.

7322 SW 54 CourtMiami, FL 33143

www.thetorrettafoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-21%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

37th percentile

-13%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Revenue Growth

24th percentile

-36%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$117,102

Down $38,649 (-25%) from 2015

Liabilities

Down

$0

Down $2,000 (-100%) from 2015

Net Assets

Down

$117,102

Down $36,649 (-24%) from 2015

Operations
Liabilities / Revenue62nd percentileNet Margin23rd percentile

Revenue

Down

$69,404

Down $98,683 (-59%) from 2015

Expenses

Down

$84,025

Down $28,266 (-25%) from 2015

Net Income

Down

-$14,621

Down $70,417 (-126%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $148,237Liabilities 2011: $30,2392011Assets 2012: $106,715Liabilities 2012: $1,847Net Assets 2012: $104,8682012Assets 2013: $94,004Liabilities 2013: $61Net Assets 2013: $93,9432013Assets 2014: $97,955Liabilities 2014: $0Net Assets 2014: $97,9552014Assets 2015: $155,751Liabilities 2015: $2,000Net Assets 2015: $153,7512015Assets 2017: $117,102Liabilities 2017: $0Net Assets 2017: $117,1022017

Highlighted filing

2017

Assets$117,102
Liabilities$0
Net Assets$117,102
Open 2017 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $69,472Expenses 2011: $124,919Net Income 2011: -$55,4472011Revenue 2012: $19,005Expenses 2012: $32,135Net Income 2012: -$13,1302012Revenue 2013: $52,335Expenses 2013: $63,260Net Income 2013: -$10,9252013Revenue 2014: $33,053Expenses 2014: $29,043Net Income 2014: $4,0102014Revenue 2015: $168,087Expenses 2015: $112,291Net Income 2015: $55,7962015Revenue 2017: $69,404Expenses 2017: $84,025Net Income 2017: -$14,6212017

Highlighted filing

2017

Revenue$69,404
Expenses$84,025
Net Income-$14,621
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,102
Liabilities
$0
Net assets
$117,102
Revenue
$69,404
Expenses
$84,025
Net income
-$14,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.69$0.84$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.02$1.54$1.68$1.12$0.56
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.33$0.29$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.52$0.63$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.02$1.05$0.19$0.32$0.13
2011Summary only. Only limited summary data is available for this year.$1.48$0.30$0.69$1.25$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$69,404
Mission and Program Overview

Mission

Contribute to myasthenia gravis & amotrophic lateral sclerosis research & to financially assist families impacted by such diseases.

Program Services

DescriptionGrantsExpenses
UNIVERSITY OF MIAMI - TO PROVIDE A FELLOWSHIP STUDYING ALS AND OTHER NEUROMUSCULAR DISEASES.$50,000$50,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BERNADETTE TORRETTADirector-$0--
FRANK VAN DERVORTOfficer-$0--
OSCAR RENTERIAOfficer-$0--
Filing and Contact Details

Filer

Filer Name
The Torretta Foundation Inc
EIN
20-0000549
Phone
3057757345
Address
7322 SW 54 COURT, MIAMI, FL 33143

Signing Officer

Name
Bernadette Torretta
Title
Director
Phone
3057757345
Signed
2018-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Garcia Espinosa Miyares & Co Llp
Address
100 ALMERIA AVENUE SUITE 230, CORAL GABLES, FL 33134
Preparer
Rafael a Espinosa CPA
Phone
3055290345
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest. Amount: 6. Description: dividend. Amount: 336. Total included on form 990-ez, line 4: 342.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: grant. Grantee name: university of miami. Grantee address: 120 nw 14th street, 13th fl miami, fl 33136. Grantee relationship: n/a. Date of gift: 01/17/17. Amount given: 50,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: dues & subscriptions. Amount: 450. Description: licenses & taxes. Amount: 61. Description: event expenses. Amount: 33,514. Total to form 990-ez, line 16: 34,025.”

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RAFAEL A ESPINOSA CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum03055290345
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 ALMERIA AVENUE SUITE 230
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CORAL GABLES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033134
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0131723
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0117102
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt069062
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-14621
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0131723
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0117102
IRS990EZ/GrantsAndSimilarAmountsPaidAmt050000
IRS990EZ/GrossReceiptsAmt069404
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt0342
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0131723
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0117102
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0131723
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0117102
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BERNADETTE TORRETTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1FRANK VAN DERVORT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2OSCAR RENTERIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt034025
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0CONTRIBUTE TO MYASTHENIA GRAVIS & AMOTROPHIC LATERAL SCLEROSIS RESEARCH & TO FINANCIALLY ASSIST FAMILIES IMPACTED BY SUCH DISEASES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0UNIVERSITY OF MIAMI - TO PROVIDE A FELLOWSHIP STUDYING ALS AND OTHER NEUROMUSCULAR DISEASES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt050000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt050000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt084025
IRS990EZ/TotalProgramServiceExpensesAmt050000
IRS990EZ/TotalRevenueAmt069404
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.THETORRETTAFOUNDATION.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0168080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt033050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt052317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0335901
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0464
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99860
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt0335901
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt050000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt032454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0168080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt033050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt052317
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0335901
IRS990ScheduleA/TotalSupportAmt0336365
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 6. DESCRIPTION: DIVIDEND. AMOUNT: 336. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 342.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANT. GRANTEE NAME: UNIVERSITY OF MIAMI. GRANTEE ADDRESS: 120 NW 14TH STREET, 13TH FL MIAMI, FL 33136. GRANTEE RELATIONSHIP: N/A. DATE OF GIFT: 01/17/17. AMOUNT GIVEN: 50,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 450. DESCRIPTION: LICENSES & TAXES. AMOUNT: 61. DESCRIPTION: EVENT EXPENSES. AMOUNT: 33,514. TOTAL TO FORM 990-EZ, LINE 16: 34,025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNADETTE TORRETTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03057757345
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TORRETTA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TORR
ReturnHeader/Filer/EIN0200000549
ReturnHeader/Filer/PhoneNum03057757345
ReturnHeader/Filer/USAddress/AddressLine1Txt07322 SW 54 COURT
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033143
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D9BEEAB446273DEFFD44F04FAE68DF66509F8310
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D9BEEAB446273DEFFD44F04FAE68DF66509F8310
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.42.44.13
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:37:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650643185
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARCIA ESPINOSA MIYARES & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 ALMERIA AVENUE SUITE 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033134
ReturnHeader/PreparerPersonGrp/PhoneNum03055290345
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAFAEL A ESPINOSA CPA
ReturnHeader/ReturnTs02018-05-14T13:42:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.