Civic Intelligence

Oak Academies Inc.

990 • Fiscal year 2016 • EIN 46-3674259

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 02, 2017

C/O R CASTRO9801 WESTHEIMER SuiteHouston, TX 77042

(281) 759-6774

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

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

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

Liabilities / Revenue

83rd percentile

0.83x

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

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

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

76th percentile

$118,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

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

Asset Growth

99th percentile

1060%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

98th percentile

345%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$750,836

Up $686,113 (+1060%) from 2015

Net Assets

Down

-$203,134

Down $206,170 (-6791%) from 2015

Liabilities

Up

$953,970

Up $892,283 (+1446%) from 2015

Revenue

Up

$1,153,610

Up $894,363 (+345%) from 2015

Expenses

Up

$1,359,780

Up $1,108,475 (+441%) from 2015

Net Income

Down

-$206,170

Down $214,112 (-2696%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $2,480Liabilities 2014: $7,386Net Assets 2014: -$4,9062014Assets 2015: $64,723Liabilities 2015: $61,687Net Assets 2015: $3,0362015Assets 2016: $750,836Liabilities 2016: $953,970Net Assets 2016: -$203,1342016Assets 2017: $1,782,056Liabilities 2017: $263,638Net Assets 2017: $1,518,4182017Assets 2018: $3,718,669Liabilities 2018: $2,063,193Net Assets 2018: $1,655,4762018Assets 2019: $3,113,773Liabilities 2019: $852,623Net Assets 2019: $2,261,1502019Assets 2020: $2,288,274Liabilities 2020: $1,196,903Net Assets 2020: $1,091,3712020Assets 2021: $6,044,019Liabilities 2021: $4,064,447Net Assets 2021: $1,979,5722021Assets 2022: $5,967,283Liabilities 2022: $3,536,722Net Assets 2022: $2,430,5612022Assets 2023: $6,235,660Liabilities 2023: $3,912,818Net Assets 2023: $2,322,8422023Assets 2024: $7,887,971Liabilities 2024: $5,503,002Net Assets 2024: $2,384,9692024

Highlighted filing

2016

Assets$750,836
Liabilities$953,970
Net Assets-$203,134

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $169,304Expenses 2014: $174,210Net Income 2014: -$4,9062014Revenue 2015: $259,247Expenses 2015: $251,305Net Income 2015: $7,9422015Revenue 2016: $1,153,610Expenses 2016: $1,359,780Net Income 2016: -$206,1702016Revenue 2017: $3,503,087Expenses 2017: $1,781,535Net Income 2017: $1,721,5522017Revenue 2018: $2,946,441Expenses 2018: $2,809,383Net Income 2018: $137,0582018Revenue 2019: $2,980,106Expenses 2019: $2,374,432Net Income 2019: $605,6742019Revenue 2020: $2,592,925Expenses 2020: $3,762,704Net Income 2020: -$1,169,7792020Revenue 2021: $2,184,993Expenses 2021: $1,296,792Net Income 2021: $888,2012021Revenue 2022: $2,787,814Expenses 2022: $2,336,825Net Income 2022: $450,9892022Revenue 2023: $2,837,143Expenses 2023: $2,944,862Net Income 2023: -$107,7192023Revenue 2024: $6,282,181Expenses 2024: $6,220,054Net Income 2024: $62,1272024

Highlighted filing

2016

Revenue$1,153,610
Expenses$1,359,780
Net Income-$206,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 2, 2017
Return Version
2016v3.1
Gross Receipts
$1,153,610
Mission and Program Overview

Mission

To support other affiliated organizations. To promote the charitable and educational activities of the supported organization. To receive, manage and distribute contributions and grants received from public and private sources.

To support other affiliated organizations to promote the charitable and educational activities of the supported organization. To receive, manage and distribute contributions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$64,723$502,361▲ $437,638
Accounts Receivable$0$248,475▲ $248,475
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cap Stk Tr Prin Current Funds$3,036$-203,134▼ $206,170
Total Assets$64,723$750,836▲ $686,113
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$36,008$953,970▲ $917,962
Other Liabilities$25,679$0▼ $25,679
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$61,687$953,970▲ $892,283
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,036$-203,134▼ $206,170
Total Liabilities and Net Assets / Fund Balance$64,723$750,836▲ $686,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Francisco ValenzuelaManagerFT$118,000$118,000
Ignacio OficialdeguiManagerFT$112,704$112,704

Board Members and Trustees

NameTitle
Eduardo Robles GilPresident
Juan Jos ArrietaVice President
Jesus VillagrasaDirector
Jaime RodriguezSecretary
Jos Gerardo CrdenasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$559,405
Program Service Revenue
$591,711
Investment Income
$0
Other Revenue
$2,494
Change in Net Assets
$-206,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,085,063
Salaries, Compensation, and Employee Benefits$274,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$662,297$13,597$0$662,297
Fees for Services Management$342,352$14,291$0$356,643
Other Salaries and Wages$0$230,929$0$230,929
Other Employee Benefits$33,072$0$0$33,072
Fees for Services Legal$26,816$0$0$26,816
Fees for Services Accounting$0$15,574$0$15,574
Payroll Taxes$0$10,716$0$10,716
Travel$0$10,136$0$10,136
Total Functional Expenses$1,064,537$295,243$0$1,359,780
International Activity

International Summary

Offices
2
Employees
13
Spending
$1,127,487

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram Services-112$1,004,648
Europe (Including Iceland and Greenland)Maintaining officesSupport promo collect11$122,839
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Governance, Management, Disclosure Line 6 and 7A

Organization has members who may elect one or more members of the governing body. Any decisions of the governing body are subject to approval by members.

Part VI Governance, Management, Disclosure Line 11B

The organization has a board, which is the organization's governing body. Form 990 is made available to all board members before filing. Board members review and approve form 990 before filing.

Part VI Governance, Management, Disclosure Line 12C

To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.

Part VI Governance, Management, Disclosure Line 19

The organization's governing documents, policies and financial statements are not made available to the public.

Part VII Compensation of Officers, Directors, Trustees...

Organization has one employee based on Madrid Spain, then there is no form W2 neither 1099.

Filing and Contact Details

Filer

Filer Name
Oak Academies Inc
EIN
46-3674259
In Care Of
% ROBERTO CASTRO CPA
Phone
2817596774
Address
C/O R CASTRO9801 WESTHEIMER Suite, HOUSTON, TX 77042

Signing Officer

Name
Jose Gerardo Cardenas
Title
Treasurer
Phone
2817596774
Signed
2017-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose Gerardo Cardenas
Formed
2013
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
6

Preparer

Firm
Bdo USA Llp
Address
2929 Allen Parkway 20th Floor, Houston, TX 77019-7100
Preparer
T H Wilson
Phone
7139601706
Supplemental Narrative

Additional Explanations

Part III Statement of Program Service Accomplishments Line 2

Oak Academies handles the administrative matters of The Legion of Christ North America, including, but not limited to, processing tuition payments for schools afiiliated with them.

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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/OtherEmployeeBenefitsGrp/ProgramServicesAmt033072
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033072
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1SELLING COMMISSIONS
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IRS990/OtherExpensesGrp/FundraisingAmt10
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IRS990/OtherExpensesGrp/ProgramServicesAmt1662297
IRS990/OtherExpensesGrp/TotalAmt013597
IRS990/OtherExpensesGrp/TotalAmt1662297
IRS990/OtherLiabilitiesGrp/BOYAmt025679
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0561110
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02494
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02494
IRS990/OtherRevenueTotalAmt02494
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0230929
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0230929
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IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010716
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IRS990/PayrollTaxesGrp/TotalAmt010716
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOSE GERARDO CARDENAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561110
IRS990/ProgramServiceRevenueGrp/Desc0PROFESSIONAL SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0591711
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0591711
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0259247
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0116661
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07942
IRS990/PYSalariesCompEmpBnftPaidAmt0134644
IRS990/PYTotalExpensesAmt0251305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0259247
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-206170
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0559405
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0594205
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0559405
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LEGION OF CHRIST NORTH AMERICA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0559405
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0122839
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt11004648
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Support promo collect
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Maintaining offices
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/BoycottCountriesInd0false
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IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt013
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt01127487
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MONITORED BY REQUESTING PERIODICAL EXPENSE REPORTS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1The accounting method used is accrual.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0MONITORING OF FUNDS
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1ACCOUNTING METHOD
IRS990ScheduleF/TotalEmployeeCnt013
IRS990ScheduleF/TotalOfficeCnt02
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IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Oak Academies handles the administrative matters of The Legion of Christ North America, including, but not limited to, processing tuition payments for schools afiiliated with them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. ANY DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A BOARD, WHICH IS THE ORGANIZATION'S GOVERNING BODY. FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE FILING. BOARD MEMBERS REVIEW AND APPROVE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULTS OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization has one employee based on Madrid Spain, then there is no form W2 neither 1099.

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