Civic Intelligence

Olympia Center Inc.

990 • Fiscal year 2016 • EIN 27-3687171

Oct 01, 2015 to Sep 30, 2016 • Filed on Nov 16, 2017

169 E Flagler Street Suite 837Miami, FL 33131

(305) 443-6163

Siviq Scores

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

Liabilities / Assets

100th percentile

5.87x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.35x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-3.4%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-78%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$127,862

Down $462,334 (-78%) from 2015

Net Assets

Down

-$622,208

Down $71,343 (-13%) from 2015

Liabilities

Down

$750,070

Down $390,991 (-34%) from 2015

Revenue

Up

$2,143,666

Up $202,777 (+10%) from 2015

Expenses

Up

$2,217,019

Up $23,608 (+1.1%) from 2015

Net Income

Up

-$73,353

Up $179,169 (+71%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2013: $225,257Liabilities 2013: $291,502Net Assets 2013: -$66,2452013Assets 2014: $235,619Liabilities 2014: $538,993Net Assets 2014: -$303,3742014Assets 2015: $590,196Liabilities 2015: $1,141,061Net Assets 2015: -$550,8652015Assets 2016: $127,862Liabilities 2016: $750,070Net Assets 2016: -$622,2082016Assets 2017: $220,932Liabilities 2017: $542,561Net Assets 2017: -$321,6292017Assets 2018: $449,045Liabilities 2018: $687,730Net Assets 2018: -$238,6852018Assets 2019: $651,642Liabilities 2019: $817,197Net Assets 2019: -$165,5552019Assets 2020: $503,950Liabilities 2020: $808,240Net Assets 2020: -$304,2902020Assets 2021: $304,920Liabilities 2021: $277,966Net Assets 2021: $26,9542021Assets 2022: $543,630Liabilities 2022: $527,657Net Assets 2022: $15,9732022Assets 2024: $294,742Liabilities 2024: $486,632Net Assets 2024: -$191,8902024

Highlighted filing

2016

Assets$127,862
Liabilities$750,070
Net Assets-$622,208

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,954,1802013Revenue 2014: $1,947,123Expenses 2014: $2,122,333Net Income 2014: -$175,2102014Revenue 2015: $1,940,889Expenses 2015: $2,193,411Net Income 2015: -$252,5222015Revenue 2016: $2,143,666Expenses 2016: $2,217,019Net Income 2016: -$73,3532016Revenue 2017: $2,339,867Expenses 2017: $2,039,288Net Income 2017: $300,5792017Revenue 2018: $2,200,832Expenses 2018: $2,117,888Net Income 2018: $82,9442018Revenue 2019: $2,044,251Expenses 2019: $1,896,449Net Income 2019: $147,8022019Revenue 2020: $1,558,932Expenses 2020: $1,697,667Net Income 2020: -$138,7352020Revenue 2021: $1,191,186Expenses 2021: $878,771Net Income 2021: $312,4152021Revenue 2022: $384,897Expenses 2022: $489,332Net Income 2022: -$104,4352022Revenue 2024: $240,797Expenses 2024: $404,514Net Income 2024: -$163,7172024

Highlighted filing

2016

Revenue$2,143,666
Expenses$2,217,019
Net Income-$73,353
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Nov 16, 2017
Return Version
2015v3.0
Gross Receipts
$2,143,666
Mission and Program Overview

Mission

The mission of the organization is to preserve and promote the olympia center theater and office building as a dynamic, downtown cultural institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$426,093$110,233▼ $315,860
Accounts Receivable$162,659$14,175▼ $148,484
Inventories for Sale or Use$3,454$3,454→ $0
Total Assets$592,206$127,862▼ $464,344
Liabilities
Other Liabilities$592,385$518,174▼ $74,211
Accounts Payable and Accrued Expenses$548,676$231,896▼ $316,780
Total Liabilities$1,141,061$750,070▼ $390,991
Net Assets / Fund Balance
Unrestricted Net Assets$-548,855$-622,208▼ $73,353
Total Net Assets Fund Balance$-548,855$-622,208▼ $73,353
Total Liabilities and Net Assets / Fund Balance$592,206$127,862▼ $464,344
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$383,632
Program Service Revenue
$1,760,034
Investment Income
$0
Other Revenue
$0
All Other Contributions
$202,847
Change in Net Assets
$-73,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,448,912
Salaries, Compensation, and Employee Benefits$768,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$375,244$153,268-$528,512
Payroll Taxes$179,696$59,899-$239,595
All Other Expenses$186,063--$186,063
Office Expenses$63,465$49,866-$113,331
Insurance-$106,531-$106,531
Fees for Services Management-$104,808-$104,808
Other Expenses$64,401$9,302-$64,401
Advertising$37,623--$37,623
Occupancy$36,417--$36,417
Information Technology$22,947--$22,947
Total Functional Expenses$1,733,345$483,674$0$2,217,019
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Settlement With Miami Dade$350,782
Unearned Renevue$100,286
Tenant Security Deposit$67,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Olympia Center Inc
EIN
27-3687171
Phone
3054436163
Address
169 E FLAGLER STREET SUITE 837, MIAMI, FL 33131

Signing Officer

Name
Carlos Trueba
Title
Treasurer
Phone
3054436163
Signed
2017-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herman Echevarria
Formed
2010
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
5
Employees
40

Preparer

Firm
Rodriguez Trueba & Company
Address
1985 NW 88 COURT SUITE 101, MIAMI, FL 33172
Preparer
Carlos Trueba
Phone
3055932644
Supplemental Narrative

Additional Explanations

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

To preserve and promote the olympia center theatre and office building as a dynamic, downtown cultural institution.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PRESERVE AND PROMOTE THE OLYMPIA CENTER THEATRE AND OFFICE BUILDING AS A DYNAMIC, DOWNTOWN CULTURAL INSTITUTION.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-73353
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0361761
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0485788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0327714
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SETTLEMENT WITH MIAMI DADE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED RENEVUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSIT
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RODRIGUEZ TRUEBA & CO CPA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PARTNER OF FIRM
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0IN-KIND SERVICES
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PRESERVE AND PROMOTE THE OLYMPIA CENTER THEATRE AND OFFICE BUILDING AS A DYNAMIC, DOWNTOWN CULTURAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0127862
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-548855
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-622208
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0858 BRICKELL AVENUE
IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033131
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.GUSMANCENTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLOS TRUEBA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03054436163
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLYMPIA CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0OLYM

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