Civic Intelligence

Raices De Esperanza Inc

990 • Fiscal year 2015 • EIN 20-3801097

Jul 01, 2014 to Jun 30, 2015 • Filed on May 10, 2016

Organization ProfileWWW.RAICESDEESPERANZA.ORG
420 Lincoln Rd 348Miami Beach, FL 33139-3034

(305) 397-8604

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$72,075

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-7.6%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$378,908

Up $35,973 (+10%) from 2014

Net Assets

Up

$368,001

Up $36,963 (+11%) from 2014

Liabilities

Down

$10,907

Down $990 (-8.3%) from 2014

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin65th percentile

Revenue

Down

$333,735

Down $27,550 (-7.6%) from 2014

Expenses

Up

$296,772

Up $65,854 (+29%) from 2014

Net Income

Down

$36,963

Down $93,404 (-72%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$400K$300K$200K$100K$0Assets 2011: $105,459Liabilities 2011: $398Net Assets 2011: $105,0612011Assets 2012: $136,370Liabilities 2012: $2,769Net Assets 2012: $133,6012012Assets 2013: $203,686Liabilities 2013: $3,015Net Assets 2013: $200,6712013Assets 2014: $342,935Liabilities 2014: $11,897Net Assets 2014: $331,0382014Assets 2015: $378,908Liabilities 2015: $10,907Net Assets 2015: $368,0012015Assets 2016: $72,307Liabilities 2016: $3,623Net Assets 2016: $68,6842016Assets 2017: $24,372Liabilities 2017: $2,838Net Assets 2017: $21,5342017Assets 2018: $35,951Liabilities 2018: $0Net Assets 2018: $35,9512018Assets 2019: $40,728Liabilities 2019: $0Net Assets 2019: $40,7282019Assets 2020: $17,349Liabilities 2020: $02020Assets 2021: $14,901Liabilities 2021: $02021Assets 2022: $11,316Liabilities 2022: $0Net Assets 2022: $11,3162022Assets 2023: $7,264Liabilities 2023: $02023Assets 2024: $3,074Liabilities 2024: $02024Assets 2025: $2,805Liabilities 2025: $0Net Assets 2025: $2,8052025

Highlighted filing

2015

Assets$378,908
Liabilities$10,907
Net Assets$368,001
Open 2015 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $123,141Expenses 2011: $146,499Net Income 2011: -$23,3582011Revenue 2012: $96,166Expenses 2012: $67,626Net Income 2012: $28,5402012Expenses 2013: $110,4892013Revenue 2014: $361,285Expenses 2014: $230,918Net Income 2014: $130,3672014Revenue 2015: $333,735Expenses 2015: $296,772Net Income 2015: $36,9632015Revenue 2016: $210,604Expenses 2016: $532,546Net Income 2016: -$321,9422016Revenue 2017: $360,313Expenses 2017: $428,212Net Income 2017: -$67,8992017Revenue 2018: $190,088Expenses 2018: $188,761Net Income 2018: $1,3272018Revenue 2019: $97,174Expenses 2019: $86,594Net Income 2019: $10,5802019Revenue 2020: $47,952Expenses 2020: $71,331Net Income 2020: -$23,3792020Revenue 2021: $68,166Expenses 2021: $70,614Net Income 2021: -$2,4482021Revenue 2022: $61,440Expenses 2022: $65,025Net Income 2022: -$3,5852022Revenue 2023: $45,025Expenses 2023: $49,077Net Income 2023: -$4,0522023Revenue 2024: $6,738Expenses 2024: $10,928Net Income 2024: -$4,1902024Revenue 2025: $501Expenses 2025: $770Net Income 2025: -$2692025

Highlighted filing

2015

Revenue$333,735
Expenses$296,772
Net Income$36,963
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 10, 2016
Return Version
2014v6.0
Gross Receipts
$333,735
Mission and Program Overview

Mission

To empower youth to become the authors of their own futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$283,964$339,197▲ $55,233
Pledges and Grants Receivable$57,500$36,500▼ $21,000
Accounts Receivable-$2,442-
Land, Buildings, and Equipment, Net$1,471$769▼ $702
Total Assets$342,935$378,908▲ $35,973
Liabilities
Accounts Payable and Accrued Expenses$11,897$10,907▼ $990
Total Liabilities$11,897$10,907▼ $990
Net Assets / Fund Balance
Unrestricted Net Assets$331,038$368,001▲ $36,963
Total Net Assets Fund Balance$331,038$368,001▲ $36,963
Total Liabilities and Net Assets / Fund Balance$342,935$378,908▲ $35,973

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$769$2,252$3,021
Equipment-$1,354$1,354
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Raul MoasDirector/exeFT$72,075$72,075

Board Members and Trustees

NameTitle
Jose JimenezChairman
Alex BuznegoDirector
Ernesto De La FeDirector
Felice GorordoDirector
Jose RascoDirector
Melissa MedinaDirector
Susana KholyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$329,961
Program Service Revenue
$0
Investment Income
$205
Other Revenue
$3,569
All Other Contributions
$329,961
Change in Net Assets
$36,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$333,735
Revenue Not Reported on Form 990
$14,004
Total Revenue per Audited Statements
$347,739
Total Revenue per Form 990
$333,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$173,978
Other Expenses$122,794
Total Fundraising Expense$19,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,682$8,044$8,044$100,770
Current Officers, Directors, Trustees, and Key Employees$60,573$5,751$5,751$72,075
Fees for Services Other$24,183$10,889$140$35,212
Travel$24,329$38-$24,367
All Other Expenses$16,730$2,723$360$19,813
Office Expenses$3,405$1,960$843$6,208
Other Expenses$1,295$2,506$3,800$5,095
Occupancy$371$1,612-$1,983
Payroll Taxes$907$113$113$1,133
Insurance-$994-$994
Advertising$751--$751
Depreciation Depletion-$702-$702
Total Functional Expenses$241,764$35,332$19,676$296,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$310,776
Expenses per Audited Statements$296,772
Total Expenses per Form 990$296,772
Expenses Not Reported on Form 990$14,004
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

“A copy of the tax return will be provided to the governing body before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Officers, directors and management employees are required to certify annually that they are in compliance with the conflicts of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors review and approve executive director's compensation.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors review and approve other officers or key employees' compensation.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Raices De Esperanza Inc
EIN
20-3801097
Phone
3053978604
Address
420 LINCOLN RD 348, MIAMI BEACH, FL 33139-3034

Signing Officer

Name
Raul Moas
Title
Executive Director
Phone
3053978604
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose Jimenez
Formed
2005
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
60

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134
Preparer
Octavio R Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees 23,064 10,749 0 1,119 140 140”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal or state income taxes has been made in the accompanying financial statements. The organization recognizes and measures tax positions taken or expected to be taken in its tax return based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. The u.s. Federal jurisdiction and florida are the major tax jurisdictions where the organization files tax returns. The organization is generally no longer subject to u.s. Federal or state examinations by tax authorities for years before 2012.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES AND MEASURES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURN BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE THE ORGANIZATION FILES TAX RETURNS. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS AND MANAGEMENT EMPLOYEES ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEW AND APPROVE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEW AND APPROVE OTHER OFFICERS OR KEY EMPLOYEES' COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES 23,064 10,749 0 1,119 140 140
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$378,908
Liabilities
$10,907
Net assets
$368,001
Revenue
$333,735
Expenses
$296,772
Net income
$36,963
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.01$0.01$0.00
2024Summary only. Only limited summary data is available for this year.$0.03$0.00$0.07$0.11$0.04
2023Summary only. Only limited summary data is available for this year.$0.07$0.00$0.45$0.49$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.61$0.65$0.04
2021Summary only. Only limited summary data is available for this year.$0.15$0.00$0.68$0.71$0.02
2020Summary only. Only limited summary data is available for this year.$0.17$0.00$0.48$0.71$0.23
2019Summary only. Only limited summary data is available for this year.$0.41$0.00$0.41$0.97$0.87$0.11
2018Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$1.90$1.89$0.01
2017Summary only. Only limited summary data is available for this year.$0.24$0.03$0.22$3.60$4.28$0.68
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.69$2.11$5.33$3.22
2015Detailed filing. Detailed filing data is available for this year.$3.79$0.11$3.68$3.34$2.97$0.37
2014Detailed filing. Detailed filing data is available for this year.$3.43$0.12$3.31$3.61$2.31$1.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.03$2.01$1.10
2012Summary only. Only limited summary data is available for this year.$1.36$0.03$1.34$0.96$0.68$0.29
2011Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$1.23$1.46$0.23