Civic Intelligence

Raices De Esperanza Inc

990 • Fiscal year 2016 • EIN 20-3801097

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

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

72nd percentile

0.05x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-153%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

4th percentile

-81%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-37%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$72,307

Down $306,601 (-81%) from 2015

Net Assets

Down

$68,684

Down $299,317 (-81%) from 2015

Liabilities

Down

$3,623

Down $7,284 (-67%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin3rd percentile

Revenue

Down

$210,604

Down $123,131 (-37%) from 2015

Expenses

Up

$532,546

Up $235,774 (+79%) from 2015

Net Income

Down

-$321,942

Down $358,905 (-971%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2016

Assets$72,307
Liabilities$3,623
Net Assets$68,684
Open 2016 Filing

Operations Trend

Revenue Growth14th 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

2016

Revenue$210,604
Expenses$532,546
Net Income-$321,942
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$210,604
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$339,197$72,240▼ $266,957
Pledges and Grants Receivable$36,500--
Accounts Receivable$2,442--
Land, Buildings, and Equipment, Net$769$67▼ $702
Total Assets$378,908$72,307▼ $306,601
Liabilities
Accounts Payable and Accrued Expenses$10,907$3,623▼ $7,284
Total Liabilities$10,907$3,623▼ $7,284
Net Assets / Fund Balance
Unrestricted Net Assets$368,001$68,684▼ $299,317
Total Net Assets Fund Balance$368,001$68,684▼ $299,317
Total Liabilities and Net Assets / Fund Balance$378,908$72,307▼ $306,601

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$67$2,954$3,021
Equipment-$1,354$1,354
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Raul MoasDirector/exeFT$70,000$70,000
Natalia MartinezCIOFT$15,512$15,512

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$103,772
Program Service Revenue
$100,185
Investment Income
$112
Other Revenue
$6,535
All Other Contributions
$103,772
Change in Net Assets
$-321,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$405,220
Salaries, Compensation, and Employee Benefits$127,326
Total Fundraising Expense$55,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$95,655$60$84$95,799
Other Salaries and Wages$68,813--$68,813
Current Officers, Directors, Trustees, and Key Employees$57,379--$57,379
Fees for Services Other$28,164$5,000-$33,164
All Other Expenses$12,283$3,311$3,166$18,760
Occupancy$9,575$1,574-$11,149
Other Expenses$6,750-$51,500$6,750
Office Expenses$2,224$864$388$3,476
Advertising$1,470$38-$1,508
Payroll Taxes$1,134--$1,134
Insurance-$983-$983
Depreciation Depletion-$702-$702
Total Functional Expenses$464,876$12,532$55,138$532,546
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
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
Jose Jimenez
Title
Chairman
Phone
3057351868
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose Jimenez
Formed
2005
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
40

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Octavio R Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Over the last year, we have also worked with young cuban americans interested in knowing cuba. We helped sponsor heritage trips to the island, giving them an opportunity to trace their heritage, connect with family members, and discover their roots. This was an incredibly rewarding experience that made it easier for cuban-american leaders to get to know their counterparts on the island and connect with their cuban roots. Our programming during the last year has allowed us to put the spotlight on cuban youth, particularly entrepreneurs who are working to shape their communities from the ground up.”

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt062
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03826
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0177407
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0100180
IRS990ScheduleA/Total509Grp/TotalAmt01182894
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0177559
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01183425
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01354
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01354
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt067
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02954
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03021
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OVER THE LAST YEAR, WE HAVE ALSO WORKED WITH YOUNG CUBAN AMERICANS INTERESTED IN KNOWING CUBA. WE HELPED SPONSOR HERITAGE TRIPS TO THE ISLAND, GIVING THEM AN OPPORTUNITY TO TRACE THEIR HERITAGE, CONNECT WITH FAMILY MEMBERS, AND DISCOVER THEIR ROOTS. THIS WAS AN INCREDIBLY REWARDING EXPERIENCE THAT MADE IT EASIER FOR CUBAN-AMERICAN LEADERS TO GET TO KNOW THEIR COUNTERPARTS ON THE ISLAND AND CONNECT WITH THEIR CUBAN ROOTS. OUR PROGRAMMING DURING THE LAST YEAR HAS ALLOWED US TO PUT THE SPOTLIGHT ON CUBAN YOUTH, PARTICULARLY ENTREPRENEURS WHO ARE WORKING TO SHAPE THEIR COMMUNITIES FROM THE GROUND UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE TAX RETURN WILL BE PROVIDED TO THE GOVERNING BODY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS AND MANAGEMENT EMPLOYEES ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEW AND APPROVE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS REVIEW AND APPROVE OTHER OFFICERS OR KEY EMPLOYEES' COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0103772
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt055138
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012532
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0464876
IRS990/TotalFunctionalExpensesGrp/TotalAmt0532546
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0368001
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IRS990/TotalProgramServiceExpensesAmt0464876
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IRS990/TotalRevenueGrp/ExclusionAmt0112
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210604
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt072307
IRS990/TravelGrp/FundraisingAmt084
IRS990/TravelGrp/ManagementAndGeneralAmt060
IRS990/TravelGrp/ProgramServicesAmt095655
IRS990/TravelGrp/TotalAmt095799
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0368001
IRS990/UnrestrictedNetAssetsGrp/EOYAmt068684
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MIAMI BEACH
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IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.RAICESDEESPERANZA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSE JIMENEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03057351868
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAICES DE ESPERANZA INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIC
ReturnHeader/Filer/EIN0203801097
ReturnHeader/Filer/PhoneNum03053978604
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 LINCOLN RD 348
ReturnHeader/Filer/USAddress/CityNm0MIAMI BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0331393034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204989621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERDEJA DE ARMAS & TRUJILLO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0255 ALHAMBRA CIR STE 560
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331347417
ReturnHeader/PreparerPersonGrp/PhoneNum03054463177
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OCTAVIO R VERDEJA
ReturnHeader/ReturnTs02017-05-15T16:44:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$72,307
Liabilities
$3,623
Net assets
$68,684
Revenue
$210,604
Expenses
$532,546
Net income
-$321,942
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