Civic Intelligence

Technology Innovation Foundation of the Americas Inc.

990 • Fiscal year 2022 • EIN 46-3069806

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization ProfileN/A
2333 Ponce DE Leon Blvd 900Coral Gables, FL 33134

(305) 407-8568

Siviq Scores

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

Liabilities / Assets

100th percentile

50000.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

1.11x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-31%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets100th percentile

Assets

Flat

$1

Flat from 2021

Net Assets

Flat

-$49,999

Flat from 2021

Liabilities

Flat

$50,000

Flat from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin41st percentile

Revenue

Down

$45,000

Down $20,000 (-31%) from 2021

Expenses

Down

$45,000

Down $20,000 (-31%) from 2021

Net Income

Flat

$0

Flat from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$200K$100K$0-$100KAssets 2014: $39,973Liabilities 2014: $11,266Net Assets 2014: $28,7072014Assets 2015: $27Liabilities 2015: $50,087Net Assets 2015: -$50,0602015Assets 2016: $0Liabilities 2016: $50,179Net Assets 2016: -$50,1792016Assets 2017: $936Liabilities 2017: $50,048Net Assets 2017: -$49,1122017Assets 2018: $775Liabilities 2018: $50,048Net Assets 2018: -$49,2732018Assets 2019: $1Liabilities 2019: $50,047Net Assets 2019: -$50,0462019Assets 2020: $1Liabilities 2020: $50,047Net Assets 2020: -$50,0462020Assets 2021: $1Liabilities 2021: $50,000Net Assets 2021: -$49,9992021Assets 2022: $1Liabilities 2022: $50,000Net Assets 2022: -$49,9992022Assets 2025: $193,000Liabilities 2025: $0Net Assets 2025: $193,0002025

Highlighted filing

2022

Assets$1
Liabilities$50,000
Net Assets-$49,999
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $205,017Expenses 2014: $176,310Net Income 2014: $28,7072014Revenue 2015: $210,026Expenses 2015: $288,793Net Income 2015: -$78,7672015Revenue 2016: $16Expenses 2016: $135Net Income 2016: -$1192016Revenue 2017: $1,267Expenses 2017: $200Net Income 2017: $1,0672017Revenue 2018: $250,028Expenses 2018: $250,189Net Income 2018: -$1612018Revenue 2019: $278,277Expenses 2019: $279,050Net Income 2019: -$7732019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $65,000Expenses 2021: $65,000Net Income 2021: $02021Revenue 2022: $45,000Expenses 2022: $45,000Net Income 2022: $02022Revenue 2025: $600,000Expenses 2025: $407,005Net Income 2025: $192,9952025

Highlighted filing

2022

Revenue$45,000
Expenses$45,000
Net Income$0
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$45,000
Mission and Program Overview

Mission

To serve as the catalyst for establishing miami as the technology hub for the americas in order to propel innovation and investment in south florida and latin america.

To serve as a catalyst for the establishment of miami as the technology hub for the americas in order to propel innovation and investment in south florida and latin america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1$1→ $0
Total Assets$1$1→ $0
Liabilities
Other Liabilities$50,000$50,000→ $0
Total Liabilities$50,000$50,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-49,999$-49,999→ $0
Total Net Assets Fund Balance$-49,999$-49,999→ $0
Total Liabilities and Net Assets / Fund Balance$1$1→ $0
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Manuel MedinaChairman
Melissa MedinaPresident
Nelson FonsecaDirector
L Felipe GorordoCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$45,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$45,000
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,000
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,000--$45,000
Total Functional Expenses$45,000$0$0$45,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Emerge Americas LLCCoral Gables, FL-Technology Conference$45,000
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
Other Liabilities$50,000
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, Section A, Line 2

“Melissa medina & manuel medina have a family relationship.”

Form 990, Part VI, Section A, Line 8A

“Meetings were held via conference call”

Form 990, Part VI, Section A, Line 8B

“Meetings were held via conference call”

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

“The draft 990 was made available to all members of its governing board proir to filing the form.”

Form 990, Part VI, Section C, Line 19

“The foundation has made the information available upon request.”

Filing and Contact Details

Filer

Filer Name
Technology Innovation Foundation
EIN
46-3069806
Phone
3054078568
Address
2333 PONCE DE LEON BLVD 900, CORAL GABLES, FL 33134

Signing Officer

Name
L Felice Gorordo
Title
CEO
Phone
3054078568
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Felice Gorordo
Formed
2013
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
KEEFE MCCULLOUGH & CO LLP CPA'S
Address
6550 N FEDERAL HIGHWAY SUITE 410, FT LAUDERDALE, FL 33308
Preparer
William G Benson
Phone
9547710896
Raw XML Appendix347 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/ExplanationTxt3THE DRAFT 990 WAS MADE AVAILABLE TO ALL MEMBERS OF ITS GOVERNING BOARD PROIR TO FILING THE FORM.
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-49999
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-49999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt045000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt045000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02333 PONCE DE LEON BLVD SUITE 900
IRS990/USAddress/CityNm0CORAL GABLES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033134
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0L FELICE GORORDO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03054078568
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TECHNOLOGY INNOVATION FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF THE AMERICAS INC
ReturnHeader/Filer/BusinessNameControlTxt0TECH
ReturnHeader/Filer/EIN0463069806
ReturnHeader/Filer/PhoneNum03054078568
ReturnHeader/Filer/USAddress/AddressLine1Txt02333 PONCE DE LEON BLVD 900
ReturnHeader/Filer/USAddress/CityNm0CORAL GABLES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033134
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591363792
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEEFE MCCULLOUGH & CO LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06550 N FEDERAL HIGHWAY SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033308
ReturnHeader/PreparerPersonGrp/PhoneNum09547710896
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM G BENSON
ReturnHeader/ReturnTs02023-05-15T13:50:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FELICE GORORDO
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1
Liabilities
$50,000
Net assets
-$49,999
Revenue
$45,000
Expenses
$45,000
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.93$6.00$4.07$1.93
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.50$0.50$0.45$0.45$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.50$0.50$0.65$0.65$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.50$0.50$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.50$0.50$2.78$2.79$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.50$0.49$2.50$2.50$0.00
2017Summary only. Only limited summary data is available for this year.$0.01$0.50$0.49$0.01$0.00$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.50$0.50$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.50$0.50$2.10$2.89$0.79
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.11$0.29$2.05$1.76$0.29