Civic Intelligence

Colombo American Foundation

990EZ • Fiscal year 2022 • EIN 45-4757978

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

11830 Woffington CTCharlotte, NC 28273

(980) 319-9424

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

59th percentile

5.5%

Higher net margin than 59% of similar nonprofits.

2022 filings • NTEE Q • <$500k nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2022 filings • NTEE Q • <$500k nonprofits • Source year 2022

Asset Growth

64th percentile

8.6%

Faster asset growth than 64% of similar nonprofits.

2022 filings • NTEE Q • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

1.9%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • NTEE Q • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$60,803

Up $4,825 (+8.6%) from 2021

Net Assets

Up

$60,803

Up $4,825 (+8.6%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$87,400

Up $1,650 (+1.9%) from 2021

Expenses

Up

$82,575

Up $7,568 (+10%) from 2021

Net Income

Down

$4,825

Down $5,918 (-55%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2018: $5,038Liabilities 2018: $02018Assets 2019: $45,208Net Assets 2019: $45,2082019Assets 2020: $45,235Net Assets 2020: $45,2352020Assets 2021: $55,978Net Assets 2021: $55,9782021Assets 2022: $60,803Net Assets 2022: $60,8032022Assets 2023: $37,461Net Assets 2023: $37,4612023Assets 2024: $32,132Net Assets 2024: $32,1322024

Highlighted filing

2022

Assets$60,803
Liabilities-
Net Assets$60,803

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $60,829Expenses 2018: $58,669Net Income 2018: $2,1602018Revenue 2019: $150,432Expenses 2019: $110,262Net Income 2019: $40,1702019Revenue 2020: $84,618Expenses 2020: $84,591Net Income 2020: $272020Revenue 2021: $85,750Expenses 2021: $75,007Net Income 2021: $10,7432021Revenue 2022: $87,400Expenses 2022: $82,575Net Income 2022: $4,8252022Revenue 2023: $95,250Expenses 2023: $118,592Net Income 2023: -$23,3422023Revenue 2024: $96,850Expenses 2024: $102,179Net Income 2024: -$5,3292024

Highlighted filing

2022

Revenue$87,400
Expenses$82,575
Net Income$4,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$87,400
Mission and Program Overview

Mission

Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries. To establish a sponsorship process for immigrants and to exchange languages in an educational setting for general public understanding and communication. To provide a venue for the exchange of the cultural awareness with language as the bases. Thus, we can help foster self-sufficiency among non-english speaking members in the community and more acceptance and cultural awareness for the english speaking general public. Our focus is working with economically disadvantaged immigrants and americans where language or lack of knowledge skills prevent citizenship and leadership skills from being developed and impedes school and family interactive dialogue.

Program Services

DescriptionGrantsExpenses
OUR MISSION IS TO CREATE A SAFE ENVIRONMENT FOR THE PURPOSE OF IMPLEMENTING CULTURAL EXCHANGE EDUCATIONAL AND TRAINING EXPERIENCES FOR AMERICAN CITIZENS AND THE GROWING CITIZENRY OF COLOMBIA AND OTHER SPANISH SPEAKING COUNTRIES.-$82,575
OUR MISSION IS TO CREATE A SAFE ENVIRONMENT FOR THE PURPOSE OF IMPLEMENTING CULTURAL EXCHANGE EDUCATIONAL AND TRAINING EXPERIENCES FOR AMERICAN CITIZENS AND THE GROWING CITIZENRY OF COLOMBIA AND OTHER SPANISH SPEAKING COUNTRIES.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FREDY ROMEROExecutive DiPT$0--
THOMAS TOWNSENDPresident-$0--
RAFAEL PRIETODirector-$0--
YVETTE CORREDORDirector-$0--
DIANA J BASTODirector-$0--
Filing and Contact Details

Filer

Filer Name
Colombo American Foundation
EIN
45-4757978
Phone
9803199424
Address
11830 WOFFINGTON CT, CHARLOTTE, NC 28273

Signing Officer

Name
Fredy Romero
Title
Executive Director
Phone
9803199424
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Kearns Dameron & Co Pa
Address
219 EAST KINGSTON AVENUE, CHARLOTTE, NC 28203
Preparer
Daniel K Dameron
Phone
7043327105
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,445 travel 589 office expense 2,611 bank charges 747 charitable donations 71,495 meals 357 deposit fees 2,286 dues 100 total 81,630

Form 990-ez, Part II, Line 24

3,418 3,418 less accumulated depreciation 3,418 3,418 prepaid expense 0 17,250 total 0 17,250

Form 990-ez, Part III

Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries. To establish a sponsorship process for immigrants and to exchange languages in an educational setting for general public understanding and communication. To provide a venue for the exchange of the cultural awareness with language as the bases. Thus, we can help foster self-sufficiency among non-english speaking members in the community and more acceptance and cultural awareness for the english speaking general public. Our focus is working with economically disadvantaged immigrants and americans where language or lack of knowledge skills prevent citizenship and leadership skills from being developed and impedes school and family interactive dialogue.

Form 990-ez, Part III, Line 28

Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries.

Form 990-ez, Part III, Line 31

Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries.

Raw XML Appendix139 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 3,445 TRAVEL 589 OFFICE EXPENSE 2,611 BANK CHARGES 747 CHARITABLE DONATIONS 71,495 MEALS 357 DEPOSIT FEES 2,286 DUES 100 TOTAL 81,630
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13,418 3,418 LESS ACCUMULATED DEPRECIATION 3,418 3,418 PREPAID EXPENSE 0 17,250 TOTAL 0 17,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR MISSION IS TO CREATE A SAFE ENVIRONMENT FOR THE PURPOSE OF IMPLEMENTING CULTURAL EXCHANGE EDUCATIONAL AND TRAINING EXPERIENCES FOR AMERICAN CITIZENS AND THE GROWING CITIZENRY OF COLOMBIA AND OTHER SPANISH SPEAKING COUNTRIES. TO ESTABLISH A SPONSORSHIP PROCESS FOR IMMIGRANTS AND TO EXCHANGE LANGUAGES IN AN EDUCATIONAL SETTING FOR GENERAL PUBLIC UNDERSTANDING AND COMMUNICATION. TO PROVIDE A VENUE FOR THE EXCHANGE OF THE CULTURAL AWARENESS WITH LANGUAGE AS THE BASES. THUS, WE CAN HELP FOSTER SELF-SUFFICIENCY AMONG NON-ENGLISH SPEAKING MEMBERS IN THE COMMUNITY AND MORE ACCEPTANCE AND CULTURAL AWARENESS FOR THE ENGLISH SPEAKING GENERAL PUBLIC. OUR FOCUS IS WORKING WITH ECONOMICALLY DISADVANTAGED IMMIGRANTS AND AMERICANS WHERE LANGUAGE OR LACK OF KNOWLEDGE SKILLS PREVENT CITIZENSHIP AND LEADERSHIP SKILLS FROM BEING DEVELOPED AND IMPEDES SCHOOL AND FAMILY INTERACTIVE DIALOGUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUR MISSION IS TO CREATE A SAFE ENVIRONMENT FOR THE PURPOSE OF IMPLEMENTING CULTURAL EXCHANGE EDUCATIONAL AND TRAINING EXPERIENCES FOR AMERICAN CITIZENS AND THE GROWING CITIZENRY OF COLOMBIA AND OTHER SPANISH SPEAKING COUNTRIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR MISSION IS TO CREATE A SAFE ENVIRONMENT FOR THE PURPOSE OF IMPLEMENTING CULTURAL EXCHANGE EDUCATIONAL AND TRAINING EXPERIENCES FOR AMERICAN CITIZENS AND THE GROWING CITIZENRY OF COLOMBIA AND OTHER SPANISH SPEAKING COUNTRIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDY ROMERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09803199424
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLOMBO AMERICAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0COLO
ReturnHeader/Filer/EIN0454757978
ReturnHeader/Filer/PhoneNum09803199424
ReturnHeader/Filer/USAddress/AddressLine1Txt011830 WOFFINGTON CT
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561309300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEARNS DAMERON & CO PA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
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ReturnHeader/PreparerPersonGrp/PhoneNum07043327105
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL K DAMERON
ReturnHeader/ReturnTs02023-11-14T11:22:13-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FREDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROMERO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • NTEE Q21 • <$500k nonprofits