Civic Intelligence

Maxwell Foundation Inc.

990 • Fiscal year 2020 • EIN 45-1992465

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

8040 NW 155th StreetMiami Lakes, FL 33016

(305) 827-2822

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.02x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

79th percentile

$6,600

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

99th percentile

2895%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

926%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$110,386

Up $106,700 (+2895%) from 2019

Net Assets

Up

$104,611

Up $125,329 (+605%) from 2019

Liabilities

Down

$5,775

Down $18,629 (-76%) from 2019

Revenue

Up

$237,128

Up $214,021 (+926%) from 2019

Expenses

Up

$111,799

Up $62,832 (+128%) from 2019

Net Income

Up

$125,329

Up $151,189 (+585%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2011: $3,658Liabilities 2011: $02011Assets 2012: $45,220Liabilities 2012: $0Net Assets 2012: $45,2202012Assets 2013: $138,986Liabilities 2013: $0Net Assets 2013: $138,9862013Assets 2014: $24,555Liabilities 2014: $0Net Assets 2014: $24,5552014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $20,510Liabilities 2017: $5,581Net Assets 2017: $14,9292017Assets 2018: $11,370Liabilities 2018: $6,228Net Assets 2018: $5,1422018Assets 2019: $3,686Liabilities 2019: $24,404Net Assets 2019: -$20,7182019Assets 2020: $110,386Liabilities 2020: $5,775Net Assets 2020: $104,6112020Assets 2021: $150,082Liabilities 2021: $124,026Net Assets 2021: $26,0562021Assets 2022: $62,851Liabilities 2022: $105,376Net Assets 2022: -$42,5252022Assets 2023: $22,334Liabilities 2023: $109,844Net Assets 2023: -$87,5102023Assets 2024: $1,947Liabilities 2024: $41,083Net Assets 2024: -$39,1362024

Highlighted filing

2020

Assets$110,386
Liabilities$5,775
Net Assets$104,611

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $0Expenses 2011: $12,418Net Income 2011: -$12,4182011Revenue 2012: $343,503Expenses 2012: $294,226Net Income 2012: $49,2772012Revenue 2013: $461,889Expenses 2013: $368,123Net Income 2013: $93,7662013Revenue 2014: $387,064Expenses 2014: $315,672Net Income 2014: $71,3922014Revenue 2015: $387,692Expenses 2015: $334,075Net Income 2015: $53,6172015Revenue 2016: $302,710Expenses 2016: $358,122Net Income 2016: -$55,4122016Revenue 2017: $329,393Expenses 2017: $249,541Net Income 2017: $79,8522017Revenue 2018: $72,901Expenses 2018: $82,688Net Income 2018: -$9,7872018Revenue 2019: $23,107Expenses 2019: $48,967Net Income 2019: -$25,8602019Revenue 2020: $237,128Expenses 2020: $111,799Net Income 2020: $125,3292020Revenue 2021: $22,842Expenses 2021: $101,397Net Income 2021: -$78,5552021Revenue 2022: $23,231Expenses 2022: $91,812Net Income 2022: -$68,5812022Revenue 2023: $17,300Expenses 2023: $62,283Net Income 2023: -$44,9832023Revenue 2024: $148,466Expenses 2024: $100,091Net Income 2024: $48,3752024

Highlighted filing

2020

Revenue$237,128
Expenses$111,799
Net Income$125,329
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$237,128
Mission and Program Overview

Mission

The organization is focused on enriching program for practical living and innovative educational initiatives in order to raise awareness and promote inclusion, growth and social develoment. The work with autistic children and adults proves that through partnerships and with right resources, everyone has the opportunity to thrive.

The maxwell foundation inc was established in order to provide high quality, research driven solution for children, youth, and families facing a disability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$106,242-
Loans From Officers Directors$5,546$5,546→ $0
Cash and Non-Interest-Bearing Accounts$688$3,177▲ $2,489
Land, Buildings, and Equipment, Net$2,990$959▼ $2,031
Savings and Temporary Cash Investments$8$8→ $0
Total Assets$3,686$110,386▲ $106,700
Liabilities
Other Liabilities$18,758--
Accounts Payable and Accrued Expenses$100$229▲ $129
Total Liabilities$24,404$5,775▼ $18,629
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-20,718$104,611▲ $125,329
Total Net Assets Fund Balance$-20,718$104,611▲ $125,329
Total Liabilities and Net Assets / Fund Balance$3,686$110,386▲ $106,700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$754$14,091$14,845
Other Land Buildings$205$3,658$3,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Saimary RiveroPresidentPT$6,600$6,600

Board Members and Trustees

NameTitle
Paul James AguileraVice-president
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$237,128
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$125,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,233
Salaries, Compensation, and Employee Benefits$8,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$74,123--$74,123
Current Officers, Directors, Trustees, and Key Employees$6,600--$6,600
Insurance$2,565--$2,565
Depreciation Depletion$2,032--$2,032
Other Salaries and Wages$1,154--$1,154
Information Technology$1,070--$1,070
Payroll Taxes$812--$812
Fees for Services Accounting$775--$775
Other Expenses$321--$321
Total Functional Expenses$111,799$0$0$111,799
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer RelatedDonorNo$85,422
-Officer RelatedService ProvidedNo$74,123
-Officer RelatedDonorNo$20,820

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,546$5,546→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Loan Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line LINE 11B

The organization does not count with necessary procedures to review form 990 by board of directors. However the return shall be scrutinize by the active officers on duty.

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

The organization does not have with conflict of interest policy and procedures at the current time, however a program to create such control shall be in schedule for future years with the purpose to protect the organizations interest when contemplating entering into transactions or arragement that may benefit the private interest of an officer or director of the non-profit organization or might otherwise result in possible excess benefit transactions.

Form 990, Part VI, Section C, Line LINE 19

During tax year 2020, the organization did not accomplished any financial or legal document disclosure procedures, there are some initiatives to rebuild the website and probably add some features to access such information.

Filing and Contact Details

Filer

Filer Name
Maxwell Foundation Inc
EIN
45-1992465
Phone
3058272822
Address
8040 NW 155TH STREET, MIAMI LAKES, FL 33016

Signing Officer

Name
Saimary Rivero
Title
President
Phone
3058272822
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Saimary Rivero
Formed
2011
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
2

Preparer

Firm
Arvelo Accounting and Consulting Group
Address
6710 MAIN STREET STE 233, MIAMI LAKES, FL 33014
Preparer
Jorge Arvelo
Phone
7865943944
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt120820
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt285422
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SERVICE PROVIDED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1DONOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2DONOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt05546
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SAIMARY RIVERO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt05546
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT COUNT WITH NECESSARY PROCEDURES TO REVIEW FORM 990 BY BOARD OF DIRECTORS. HOWEVER THE RETURN SHALL BE SCRUTINIZE BY THE ACTIVE OFFICERS ON DUTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE WITH CONFLICT OF INTEREST POLICY AND PROCEDURES AT THE CURRENT TIME, HOWEVER A PROGRAM TO CREATE SUCH CONTROL SHALL BE IN SCHEDULE FOR FUTURE YEARS WITH THE PURPOSE TO PROTECT THE ORGANIZATIONS INTEREST WHEN CONTEMPLATING ENTERING INTO TRANSACTIONS OR ARRAGEMENT THAT MAY BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE NON-PROFIT ORGANIZATION OR MIGHT OTHERWISE RESULT IN POSSIBLE EXCESS BENEFIT TRANSACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING TAX YEAR 2020, THE ORGANIZATION DID NOT ACCOMPLISHED ANY FINANCIAL OR LEGAL DOCUMENT DISCLOSURE PROCEDURES, THERE ARE SOME INITIATIVES TO REBUILD THE WEBSITE AND PROBABLY ADD SOME FEATURES TO ACCESS SUCH INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03686
IRS990/TotalAssetsEOYAmt0110386
IRS990/TotalAssetsGrp/BOYAmt03686
IRS990/TotalAssetsGrp/EOYAmt0110386
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111799
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111799
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024404
IRS990/TotalLiabilitiesEOYAmt05775
IRS990/TotalLiabilitiesGrp/BOYAmt024404
IRS990/TotalLiabilitiesGrp/EOYAmt05775
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-20718
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0104611
IRS990/TotalProgramServiceExpensesAmt0111799
IRS990/TotalProgramServiceRevenueAmt0237128
IRS990/TotalReportableCompFromOrgAmt06600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0237128
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03686
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0110386
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08040 NW 155TH STREET
IRS990/USAddress/CityNm0MIAMI LAKES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033016
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0foundationmaxwell.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAIMARY RIVERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03058272822
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAXWELL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MAXW
ReturnHeader/Filer/EIN0451992465
ReturnHeader/Filer/PhoneNum03058272822
ReturnHeader/Filer/USAddress/AddressLine1Txt08040 NW 155TH STREET
ReturnHeader/Filer/USAddress/CityNm0MIAMI LAKES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARVELO ACCOUNTING AND CONSULTING GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06710 MAIN STREET STE 233
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI LAKES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033014
ReturnHeader/PreparerPersonGrp/PhoneNum07865943944
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JORGE ARVELO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-10T12:24:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SAIMARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RIVERO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.41$0.39$1.48$1.00$0.48
2023Detailed filing. Detailed filing data is available for this year.$0.22$1.10$0.88$0.17$0.62$0.45
2022Detailed filing. Detailed filing data is available for this year.$0.63$1.05$0.43$0.23$0.92$0.69
2021Detailed filing. Detailed filing data is available for this year.$1.50$1.24$0.26$0.23$1.01$0.79
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.06$1.05$2.37$1.12$1.25
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.24$0.21$0.23$0.49$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.06$0.05$0.73$0.83$0.10
2017Summary only. Only limited summary data is available for this year.$0.21$0.06$0.15$3.29$2.50$0.80
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.03$3.58$0.55
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.88$3.34$0.54
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$3.87$3.16$0.71
2013Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$4.62$3.68$0.94
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$3.44$2.94$0.49
2011Summary only. Only limited summary data is available for this year.$0.04$0.00$0.00$0.12$0.12