Civic Intelligence

New Florida Majority Inc

990 • Fiscal year 2013 • EIN 27-0167620

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

8330 Biscayne Blvd Room 133138

(305) 754-0118

Siviq Scores

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

Liabilities / Assets

60th percentile

0.11x

Higher debt load relative to assets than 60% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

59th percentile

0.12x

Higher debt load relative to revenue than 59% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Net Margin

5th percentile

-49%

Higher net margin than 5% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

91st percentile

$81,162

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$628,875

Down $307,799 (-33%) from 2012

Net Assets

Down

$559,082

Down $279,016 (-33%) from 2012

Liabilities

Down

$69,793

Down $28,783 (-29%) from 2012

Revenue

$570,148

No earlier filing loaded for comparison.

Expenses

Down

$849,163

Down $219,498 (-21%) from 2012

Net Income

-$279,015

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $358,499Liabilities 2010: $120,133Net Assets 2010: $238,3662010Assets 2012: $936,674Liabilities 2012: $98,576Net Assets 2012: $838,0982012Assets 2013: $628,875Liabilities 2013: $69,793Net Assets 2013: $559,0822013Assets 2015: $569,332Liabilities 2015: $24,199Net Assets 2015: $545,1332015Assets 2016: $1,067,430Liabilities 2016: $29,651Net Assets 2016: $1,037,7792016Assets 2018: $1,733,093Liabilities 2018: $47,676Net Assets 2018: $1,685,4172018Assets 2019: $2,195,210Liabilities 2019: $50,521Net Assets 2019: $2,144,6892019Assets 2020: $5,607,791Liabilities 2020: $2,256,050Net Assets 2020: $3,351,7412020Assets 2021: $8,856,591Liabilities 2021: $1,043,830Net Assets 2021: $7,812,7612021Assets 2022: $8,655,450Liabilities 2022: $2,246,217Net Assets 2022: $6,409,2332022Assets 2024: $8,862,479Liabilities 2024: $1,106,509Net Assets 2024: $7,755,9702024

Highlighted filing

2013

Assets$628,875
Liabilities$69,793
Net Assets$559,082

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,544,1062010Expenses 2012: $1,068,6612012Revenue 2013: $570,148Expenses 2013: $849,163Net Income 2013: -$279,0152013Revenue 2015: $388,495Expenses 2015: $413,538Net Income 2015: -$25,0432015Revenue 2016: $1,471,533Expenses 2016: $978,887Net Income 2016: $492,6462016Revenue 2018: $2,372,628Expenses 2018: $1,743,715Net Income 2018: $628,9132018Revenue 2019: $1,824,576Expenses 2019: $1,365,304Net Income 2019: $459,2722019Revenue 2020: $5,843,604Expenses 2020: $4,636,552Net Income 2020: $1,207,0522020Revenue 2021: $3,147,708Expenses 2021: $2,502,896Net Income 2021: $644,8122021Revenue 2022: $2,802,481Expenses 2022: $4,206,009Net Income 2022: -$1,403,5282022Revenue 2024: $4,051,864Expenses 2024: $3,980,396Net Income 2024: $71,4682024

Highlighted filing

2013

Revenue$570,148
Expenses$849,163
Net Income-$279,015
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$570,148
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$838,098$559,082▼ $279,016
Savings and Temporary Cash Investments$592,897$90,359▼ $502,538
Land, Buildings, and Equipment, Net$62,433$75,336▲ $12,903
Accounts Receivable$5,147$6,811▲ $1,664
Prepaid Expenses and Deferred Charges$14,350$4,202▼ $10,148
Cash and Non-Interest-Bearing Accounts$304$708▲ $404
Total Assets$936,674$628,875▼ $307,799
Other Assets Total$261,543$451,459▲ $189,916
Liabilities
Other Liabilities$35,934$42,563▲ $6,629
Accounts Payable and Accrued Expenses$62,642$27,230▼ $35,412
Total Liabilities$98,576$69,793▼ $28,783
Net Assets / Fund Balance
Total Net Assets Fund Balance$838,098$559,082▼ $279,016
Total Liabilities and Net Assets / Fund Balance$936,674$628,875▼ $307,799

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,496$10,563$62,059
Leasehold Improvements$23,840$9,664$33,504
Other Assets Org$438,359--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gihan PereraPresidentFT$40,581$40,581$81,162

Board Members and Trustees

NameTitle
Maria RodriguezSecretary
Martina BryantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$452,073
Program Service Revenue
$117,956
Investment Income
$119
Other Revenue
$0
All Other Contributions
$452,073
Change in Net Assets
$-279,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$516,341
Salaries, Compensation, and Employee Benefits$330,909
Total Fundraising Expense$28,279
Professional Fundraising Fees$1,913
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$177,184$34,176$3,281$214,641
Occupancy$24,733$111,528-$136,261
Fees for Services Other$87,450$14,935$1,148$103,533
Current Officers, Directors, Trustees, and Key Employees$26,978$28,697$13,488$69,163
Conferences and Meetings$30,245$26,288$744$57,277
Insurance$12,574$40,078$1,975$54,627
Fees for Services Accounting-$42,410-$42,410
Information Technology$6,693$23,108$4,264$34,065
Payroll Taxes$21,619$4,170$400$26,189
Other Employee Benefits$17,266$3,330$320$20,916
Fees for Services Legal$4,503$16,126-$20,629
Office Expenses$3,913$13,969$168$18,050
Depreciation Depletion-$11,565-$11,565
Travel$5,182$2,152$578$7,912
Other Expenses$105$4,973-$5,077
Advertising$2,220$325-$2,545
Fees for Services Professional Fundraising--$1,913$1,913
Total Functional Expenses$441,947$378,938$28,279$849,163
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,913
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Section 527 Activity Spending$8,489
Total Exempt Function Spending$8,489
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$42,563
Due to Miami Workers Center-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Part VI, Section B, Line 11

A draft of the return is reviewed by the President and the organization attorney. Changes and additions are made to the return based on their review. A revised draft is then provided and approved before release.

Form 990, Part VI, Section B, Line 12C

FNM conducts an annual review of annual disclosure forms submitted by covered persons. FNM compiles and maintains a list of potentially conflicted entities and individuals. Proposed transactions can then be matched against the list as a means of identifying potential conflicts. With major vendors and service provideres FNM considers asking each to disclose any relationship personal, financial or otherwise the vendor or service provider has or may have with any of the FNM director, officers, employees or volunteers.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

EIN
27-0167620
Phone
3057540118

Signing Officer

Name
Gihan Perera
Title
President
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gihan Perera
Formed
2009
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
2
Employees
34
Volunteers
15

Preparer

Preparer
Manuel A Paucar CPA
Phone
3056650151
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Florida New Majority mission is to organize, educate and mobilize communities in Florida to win equity and fairness throughout the state and to overcome the history of racism and division in Florida.

Form 990, Part III, Line 1

Florida New Majority FNM is a 501c4 organization that organizes, educates and mobilizes communities in Florida to win equity and fairness throughout the state. Its mission is to overcome the history of racism and division in Florida. By building common cause among diverse communities FNM promotes expansion of democracy and development of leadership in underepresented communities. To shift the role of government away from corporate interest and support the well being of all Floridians.

Form 990, Part V, Line 6B

Grants received during the year were from donors who had funds to give organizations exempt under IRC section 501c4. Grant proposals were prepared that clearly provided the organitaion tax exempt status.

Form 990, Part IX, Line 11G

Other fees consisted of other professional fees 32,158, organizational development and planning 22,740, and contract temporary labor 48,635.

Form 990, Part XII, Line 2C

No change was made for the oversight process during the year.

Financial Statement Notes

X 2

The organization assesses its tax positions in accordance with Accounting for Uncertainties in Income Taxes as prescribed by the accounting standards codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years, generally a period of three years from the later of each return due date or the date filed, that remain subject to examination by the organization major tax jurisdictions. Generally, the Organization is no longer subject to Income Tax examinations by major taxing authorities for years before fiscal 2007. The organization assesses its tax positions and determines whether it has any material unrecognized liabilities for uncertain tax positions. The organization records these liabilities to the extent it deems them more likely than not to be incurred. Interest and penalties related to uncertain tax positions, if any, would be classified as a component of income tax expense. The organization believes that it does not have any significant uncertain tax positions requiring recognition or measurement in the accompanying financial statements.

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

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Description of political campaign activities The organization engaged in independent political activities supporting the election of two candidates for elected public office through employees and contractors. No contributions were made to the candidate campaigns.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from related parties
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Miami Workers Center
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization assesses its tax positions in accordance with Accounting for Uncertainties in Income Taxes as prescribed by the accounting standards codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years, generally a period of three years from the later of each return due date or the date filed, that remain subject to examination by the organization major tax jurisdictions. Generally, the Organization is no longer subject to Income Tax examinations by major taxing authorities for years before fiscal 2007. The organization assesses its tax positions and determines whether it has any material unrecognized liabilities for uncertain tax positions. The organization records these liabilities to the extent it deems them more likely than not to be incurred. Interest and penalties related to uncertain tax positions, if any, would be classified as a component of income tax expense. The organization believes that it does not have any significant uncertain tax positions requiring recognition or measurement in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
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IRS990ScheduleD/TotalLiabilityAmt042563
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Florida New Majority mission is to organize, educate and mobilize communities in Florida to win equity and fairness throughout the state and to overcome the history of racism and division in Florida.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Florida New Majority FNM is a 501c4 organization that organizes, educates and mobilizes communities in Florida to win equity and fairness throughout the state. Its mission is to overcome the history of racism and division in Florida. By building common cause among diverse communities FNM promotes expansion of democracy and development of leadership in underepresented communities. To shift the role of government away from corporate interest and support the well being of all Floridians.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Grants received during the year were from donors who had funds to give organizations exempt under IRC section 501c4. Grant proposals were prepared that clearly provided the organitaion tax exempt status.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A draft of the return is reviewed by the President and the organization attorney. Changes and additions are made to the return based on their review. A revised draft is then provided and approved before release.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FNM conducts an annual review of annual disclosure forms submitted by covered persons. FNM compiles and maintains a list of potentially conflicted entities and individuals. Proposed transactions can then be matched against the list as a means of identifying potential conflicts. With major vendors and service provideres FNM considers asking each to disclose any relationship personal, financial or otherwise the vendor or service provider has or may have with any of the FNM director, officers, employees or volunteers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other fees consisted of other professional fees 32,158, organizational development and planning 22,740, and contract temporary labor 48,635.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7No change was made for the oversight process during the year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part V, Line 6b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10Florida New Majority Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11Florida New Majority Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Florida New Majority Education Fund Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11Florida Freedom PAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0453956785
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0See Supp. Inf.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1See Supp. Inf.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170 B 1 A VI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine108330 Biscayne Blvd Suite 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine118330 Biscayne Blvd Suite 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Miami
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1FL
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0Florida New Majority Education Fund, Inc primary activity Educate the people of Florida on ways to strengthen their communities.
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt1Education in community interest
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt2Federal political committee in support of FNMs mission in Florida
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II Line Identification of related tax-exempt organizations
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II Line 1b
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II Line 2b
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0248000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1686000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt290000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Reimb. of shared expenses
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Reimbursement of shared staff
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Reimb. of shared expenses
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10Florida New Majority Education Fund Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11Florida New Majority Education Fund Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine12Florida Freedom PAC
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