Civic Intelligence

Funsepa Us

990 • Fiscal year 2023 • EIN 46-0810539

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

1299 Ocean Ave Suite 333Santa Monica, CA 90401

(310) 451-0744

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.16x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

61st percentile

7.9%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$153,795

Up $11,302 (+7.9%) from 2022

Net Assets

Up

$128,636

Up $11,302 (+9.6%) from 2022

Liabilities

Flat

$25,159

Flat from 2022

Revenue

Up

$91,163

Up $12,084 (+15%) from 2022

Expenses

Up

$79,861

Up $2,186 (+2.8%) from 2022

Net Income

Up

$11,302

Up $9,898 (+705%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2012: $0Liabilities 2012: $17,0712012Assets 2013: $35,270Liabilities 2013: $20,521Net Assets 2013: $14,7492013Assets 2014: $39,612Liabilities 2014: $24,636Net Assets 2014: $14,9762014Assets 2015: $56,022Liabilities 2015: $24,655Net Assets 2015: $31,3672015Assets 2016: $57,937Liabilities 2016: $29,094Net Assets 2016: $28,8432016Assets 2017: $51,575Liabilities 2017: $28,845Net Assets 2017: $22,7302017Assets 2018: $24,221Liabilities 2018: $25,040Net Assets 2018: -$8192018Assets 2019: $49,475Liabilities 2019: $25,159Net Assets 2019: $24,3162019Assets 2020: $88,466Liabilities 2020: $25,159Net Assets 2020: $63,3072020Assets 2021: $141,089Liabilities 2021: $25,159Net Assets 2021: $115,9302021Assets 2022: $142,493Liabilities 2022: $25,159Net Assets 2022: $117,3342022Assets 2023: $153,795Liabilities 2023: $25,159Net Assets 2023: $128,6362023Assets 2024: $153,769Liabilities 2024: $0Net Assets 2024: $153,7692024

Highlighted filing

2023

Assets$153,795
Liabilities$25,159
Net Assets$128,636

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $0Expenses 2012: $17,071Net Income 2012: -$17,0712012Revenue 2013: $35,476Expenses 2013: $3,656Net Income 2013: $31,8202013Revenue 2014: $47,622Expenses 2014: $47,395Net Income 2014: $2272014Revenue 2015: $32,217Expenses 2015: $15,826Net Income 2015: $16,3912015Revenue 2016: $95,733Expenses 2016: $98,257Net Income 2016: -$2,5242016Revenue 2017: $179,149Expenses 2017: $185,262Net Income 2017: -$6,1132017Revenue 2018: $203,091Expenses 2018: $226,640Net Income 2018: -$23,5492018Revenue 2019: $79,962Expenses 2019: $54,827Net Income 2019: $25,1352019Revenue 2020: $88,218Expenses 2020: $49,227Net Income 2020: $38,9912020Revenue 2021: $244,512Expenses 2021: $191,889Net Income 2021: $52,6232021Revenue 2022: $79,079Expenses 2022: $77,675Net Income 2022: $1,4042022Revenue 2023: $91,163Expenses 2023: $79,861Net Income 2023: $11,3022023Revenue 2024: $33,160Expenses 2024: $33,187Net Income 2024: -$272024

Highlighted filing

2023

Revenue$91,163
Expenses$79,861
Net Income$11,302
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$91,163
Mission and Program Overview

Mission

to help entities such as Funsepa Guatemala in their efforts to bridge the technological divide that currently exists in Guatemala, THUS CONTRIBUTING TO THE NATION'S SOCIAL AND ECONOMIC DEVELOPMENT.

To support funsepa, guatemala's leading educational ngo,working to improve the quality of education by bringingcomputers and technology to over 600,000 students and training over 90,000 teachers

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,493$153,795▲ $11,302
Rtn Earn Endowment Incm Other Fnds$117,334$128,636▲ $11,302
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$142,493$153,795▲ $11,302
Liabilities
Other Liabilities$25,159$25,159→ $0
Total Liabilities$25,159$25,159→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$117,334$128,636▲ $11,302
Total Liabilities and Net Assets / Fund Balance$142,493$153,795▲ $11,302
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carolina PaizPresident & Sec
Salvador PaizVice President
Ariela MathusiusDirector
Kevin WilsonDirector
Michelle DorianDirector
Paula ArrojoDirector
Pedro ChomnalezDirector
Stella Los De PaizDirector
Wilmar MejiaSecretary
Maria HerreraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,163
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$91,163
Change in Net Assets
$11,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,361
Grants and Similar Amounts Paid$32,000
Professional Fundraising Fees$500
Total Fundraising Expense$500
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$39,827-$39,827
Foreign Grants$32,000--$32,000
Other Expenses-$6,029-$6,029
Travel-$1,505-$1,505
Fees for Services Professional Fundraising--$500$500
Total Functional Expenses$32,000$47,361$500$79,861
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
From Affiliates$25,159
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
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 11B - Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19 - Other Organization Documents Publicly Availabl

No other documents available to the public.

Form 990, Part VI, Section B, Line 11B

Arrived at by vote of directors of charitable entity.

Form 990, Part VI, Section C, Line 19

SEE SCHEDULE O

Filing and Contact Details

Filer

Filer Name
Funsepa US
EIN
46-0810539
Phone
3104510744
Address
1299 OCEAN AVE SUITE 333, SANTA MONICA, CA 90401

Signing Officer

Name
Carolina Paiz
Title
President
Phone
3104510744
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolina Paiz
Formed
2012
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Goodfriend & Jacobs Llp
Address
1299 OCEAN AVE SUITE 333, SANTA MONICA, CA 90401
Preparer
Lawrence R Goodfriend CPA
Phone
3104510744
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A - Program Service Accomplishments

Technology for education our goal is to help underprivileged guatemalan children gain access to computer equipment and internet connectivity in order to improve their learning experience. To do this, we raise money through private donations and grants and then donate these funds to organizations in guatemala that share our goals and meet our standards. One such entity is our sister organization, funsepa guatemala, which has a successful eleven-year history of enhancing education through technology in the guatemalan nation. We use volunteers to help raise funds for the organization. We also oversee grant writers who are in charge of writing grant applications. A portion of our time is spent nurturing existing relationships with donors, such as walmart, which already has donated 1,731 computers directly to funsepa guatemala, and microsoft corp., which previously has given directly to funsepa guatemala important software contributions as well as a million dollar monetary matching grant.

Form 990, Part III, Line 4B - Program Service Accomplishments

Computers for teachers the delivery of computers to public schools has shown us that kids have an inate talent that allows them to learn new technologies. But how can a teacher give lessons on computer- related subjects if he or she doesn't have access to a computer of their own? Training and courses may help provide basic knowledge, but we can only become experts through practice. It was with this in mind that, in 2007, the ministry of education launched the "expanding futures" project, which allows public school teachers and official institutions to obtain computers at a low-cost through an accessible financial plan . With the help microsoft and funsepa, some 57,000 teachers have obtained computers. That's 70% of all public school teachers! Given the success of the project, a new program is being launched to give the same opportunity to private school teachers.

Raw XML Appendix374 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025159
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FROM AFFILIATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt025159
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt032000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0BANK TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TECHNOLOGY FOR EDUCATION
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0GUATEMALA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TECHNOLOGY FOR EDUCATION OUR GOAL IS TO HELP UNDERPRIVILEGED GUATEMALAN CHILDREN GAIN ACCESS TO COMPUTER EQUIPMENT AND INTERNET CONNECTIVITY IN ORDER TO IMPROVE THEIR LEARNING EXPERIENCE. TO DO THIS, WE RAISE MONEY THROUGH PRIVATE DONATIONS AND GRANTS AND THEN DONATE THESE FUNDS TO ORGANIZATIONS IN GUATEMALA THAT SHARE OUR GOALS AND MEET OUR STANDARDS. ONE SUCH ENTITY IS OUR SISTER ORGANIZATION, FUNSEPA GUATEMALA, WHICH HAS A SUCCESSFUL ELEVEN-YEAR HISTORY OF ENHANCING EDUCATION THROUGH TECHNOLOGY IN THE GUATEMALAN NATION. WE USE VOLUNTEERS TO HELP RAISE FUNDS FOR THE ORGANIZATION. WE ALSO OVERSEE GRANT WRITERS WHO ARE IN CHARGE OF WRITING GRANT APPLICATIONS. A PORTION OF OUR TIME IS SPENT NURTURING EXISTING RELATIONSHIPS WITH DONORS, SUCH AS WALMART, WHICH ALREADY HAS DONATED 1,731 COMPUTERS DIRECTLY TO FUNSEPA GUATEMALA, AND MICROSOFT CORP., WHICH PREVIOUSLY HAS GIVEN DIRECTLY TO FUNSEPA GUATEMALA IMPORTANT SOFTWARE CONTRIBUTIONS AS WELL AS A MILLION DOLLAR MONETARY MATCHING GRANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPUTERS FOR TEACHERS THE DELIVERY OF COMPUTERS TO PUBLIC SCHOOLS HAS SHOWN US THAT KIDS HAVE AN INATE TALENT THAT ALLOWS THEM TO LEARN NEW TECHNOLOGIES. BUT HOW CAN A TEACHER GIVE LESSONS ON COMPUTER- RELATED SUBJECTS IF HE OR SHE DOESN'T HAVE ACCESS TO A COMPUTER OF THEIR OWN? TRAINING AND COURSES MAY HELP PROVIDE BASIC KNOWLEDGE, BUT WE CAN ONLY BECOME EXPERTS THROUGH PRACTICE. IT WAS WITH THIS IN MIND THAT, IN 2007, THE MINISTRY OF EDUCATION LAUNCHED THE "EXPANDING FUTURES" PROJECT, WHICH ALLOWS PUBLIC SCHOOL TEACHERS AND OFFICIAL INSTITUTIONS TO OBTAIN COMPUTERS AT A LOW-COST THROUGH AN ACCESSIBLE FINANCIAL PLAN . WITH THE HELP MICROSOFT AND FUNSEPA, SOME 57,000 TEACHERS HAVE OBTAINED COMPUTERS. THAT'S 70% OF ALL PUBLIC SCHOOL TEACHERS! GIVEN THE SUCCESS OF THE PROJECT, A NEW PROGRAM IS BEING LAUNCHED TO GIVE THE SAME OPPORTUNITY TO PRIVATE SCHOOL TEACHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARRIVED AT BY VOTE OF DIRECTORS OF CHARITABLE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE SCHEDULE O
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4B - PROGRAM SERVICE ACCOMPLISHMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0153795
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SANTA MONICA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090401
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0"N/A"
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLINA PAIZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03104510744
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNSEPA US
ReturnHeader/Filer/BusinessNameControlTxt0FUNS
ReturnHeader/Filer/EIN0460810539
ReturnHeader/Filer/PhoneNum03104510744
ReturnHeader/Filer/USAddress/AddressLine1Txt01299 OCEAN AVE SUITE 333
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954300706
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOODFRIEND & JACOBS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01299 OCEAN AVE SUITE 333
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA MONICA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090401
ReturnHeader/PreparerPersonGrp/PhoneNum03104510744
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE R GOODFRIEND CPA
ReturnHeader/ReturnTs02024-11-14T19:08:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.00$1.54$0.33$0.33$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.54$0.25$1.29$0.91$0.80$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.42$0.25$1.17$0.79$0.78$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.41$0.25$1.16$2.45$1.92$0.53
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.25$0.63$0.88$0.49$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.25$0.24$0.80$0.55$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.25$0.01$2.03$2.27$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.29$0.23$1.79$1.85$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.29$0.29$0.96$0.98$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.25$0.31$0.32$0.16$0.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.25$0.15$0.48$0.47$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.21$0.15$0.35$0.04$0.32
2012Summary only. Only limited summary data is available for this year.$0.00$0.17$0.00$0.17$0.17