Civic Intelligence

8003 Foundation Inc

990 • Fiscal year 2020 • EIN 46-3827934

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

6340 Sunset DriveMiami, FL 33143

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

10.81x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

35th percentile

2.2%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

1.0%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$13,035,626

Up $286,677 (+2.2%) from 2019

Net Assets

Up

$1,371,460

Up $290,677 (+27%) from 2019

Liabilities

Down

$11,664,166

Down $4,000 (-0.0%) from 2019

Revenue

Up

$1,079,448

Up $10,788 (+1.0%) from 2019

Expenses

Down

$788,771

Down $5,661 (-0.7%) from 2019

Net Income

Up

$290,677

Up $16,449 (+6.0%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $13,630,142Liabilities 2013: $13,388,498Net Assets 2013: $241,6442013Assets 2014: $12,042,326Liabilities 2014: $11,736,373Net Assets 2014: $305,9532014Assets 2015: $12,052,656Liabilities 2015: $11,740,637Net Assets 2015: $312,0192015Assets 2016: $12,205,929Liabilities 2016: $11,785,060Net Assets 2016: $420,8692016Assets 2017: $12,228,762Liabilities 2017: $11,689,666Net Assets 2017: $539,0962017Assets 2018: $12,470,221Liabilities 2018: $11,663,666Net Assets 2018: $806,5552018Assets 2019: $12,748,949Liabilities 2019: $11,668,166Net Assets 2019: $1,080,7832019Assets 2020: $13,035,626Liabilities 2020: $11,664,166Net Assets 2020: $1,371,4602020Assets 2021: $13,833,976Liabilities 2021: $12,062,298Net Assets 2021: $1,771,6782021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$13,035,626
Liabilities$11,664,166
Net Assets$1,371,460

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2013: $242,443Expenses 2013: $799Net Income 2013: $241,6442013Revenue 2014: $375,002Expenses 2014: $310,693Net Income 2014: $64,3092014Revenue 2015: $1,000,007Expenses 2015: $993,941Net Income 2015: $6,0662015Revenue 2016: $1,010,862Expenses 2016: $902,012Net Income 2016: $108,8502016Revenue 2017: $1,011,801Expenses 2017: $893,574Net Income 2017: $118,2272017Revenue 2018: $1,056,692Expenses 2018: $789,233Net Income 2018: $267,4592018Revenue 2019: $1,068,660Expenses 2019: $794,432Net Income 2019: $274,2282019Revenue 2020: $1,079,448Expenses 2020: $788,771Net Income 2020: $290,6772020Revenue 2021: $1,112,867Expenses 2021: $712,649Net Income 2021: $400,2182021Revenue 2022: $380,318Expenses 2022: $112,478Net Income 2022: $267,8402022

Highlighted filing

2020

Revenue$1,079,448
Expenses$788,771
Net Income$290,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$1,079,448
Mission and Program Overview

Mission

The mission of the foundation is to enhance the academic and personal growth of mater academy students through a partnership between the foundation and the charter schools.

8003 foundation, inc. Is a not-for-profit organization operating in south florida. The organization provides financial support to all mater academy charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,227,719$10,025,235▼ $202,484
Cash and Non-Interest-Bearing Accounts$395,891$540,423▲ $144,532
Intangible Assets$118,190$84,059▼ $34,131
Accounts Receivable$4,963$78,193▲ $73,230
Total Assets$12,748,949$13,035,626▲ $286,677
Other Assets Total$2,002,186$2,307,716▲ $305,530
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,400,000$11,400,000→ $0
Other Liabilities$243,666$243,666→ $0
Accounts Payable and Accrued Expenses$24,500$20,500▼ $4,000
Total Liabilities$11,668,166$11,664,166▼ $4,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,080,783$1,371,460▲ $290,677
Total Net Assets Fund Balance$1,080,783$1,371,460▲ $290,677
Total Liabilities and Net Assets / Fund Balance$12,748,949$13,035,626▲ $286,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,635,007$1,261,862$7,896,869
Land$3,390,228-$3,390,228
Other Assets Org$169,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kim GuilartePresident, Director
Carlos AlvarezDirector
Idalia SuarezDirector
Shannie Sadesky HuntDirector
Cesar C CrousillatSecretary, Director, VP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,077,996
Investment Income
$1,452
Other Revenue
$0
Change in Net Assets
$290,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$788,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$541,833--$541,833
Depreciation Depletion$236,615--$236,615
Fees for Services Other-$5,500-$5,500
Fees for Services Accounting-$3,600-$3,600
Other Expenses-$1,223-$1,223
Total Functional Expenses$778,448$10,323$0$788,771
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
Security Deposit Liability$166,666
Due to 600 Holdings, Inc.$77,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 B, Line 11B

The organization's bookkeeper, along with contracted cpa firm, work together to prepare the form 990, which is reviewed by the board's president before issuance.

Form 990, Part VI, Section C, Line 18

This information is already available on guidestar.org.

Form 990, Part VI, Section C, Line 19

This information is available upon request.

Filing and Contact Details

Filer

Filer Name
8003 Foundation Inc
EIN
46-3827934
Phone
3056692906
Address
6340 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Kim Guilarte
Title
President
Phone
3056692906
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Guilarte
Formed
2013
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Hlb Gravier Llp
Address
396 ALHAMBRA CIRCLE SUITE 900, CORAL GABLES, FL 33134-5095
Phone
3054463022
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

8003 foundation, inc 6340 sunset drive miami, 33143 employer identificacion number: 46-3827934 for the year ending december 31, 2020 mater academy foundation, inc is making the minimis safe harbor election under reg. Sec. 1.263(a)-1(f)

Section 1.263(A)-3(N) Election

8003 foundation, inc 6340 sunset drive miami, 33143 employer identificacion number: 46-3827934 for the year ending december 31, 2020 mater academy foundation, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOOKKEEPER, ALONG WITH CONTRACTED CPA FIRM, WORK TOGETHER TO PREPARE THE FORM 990, WHICH IS REVIEWED BY THE BOARD'S PRESIDENT BEFORE ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS INFORMATION IS ALREADY AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt38003 FOUNDATION, INC 6340 SUNSET DRIVE MIAMI, 33143 EMPLOYER IDENTIFICACION NUMBER: 46-3827934 FOR THE YEAR ENDING DECEMBER 31, 2020 MATER ACADEMY FOUNDATION, INC IS MAKING THE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt48003 FOUNDATION, INC 6340 SUNSET DRIVE MIAMI, 33143 EMPLOYER IDENTIFICACION NUMBER: 46-3827934 FOR THE YEAR ENDING DECEMBER 31, 2020 MATER ACADEMY FOUNDATION, INC IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SECTION 1.263(A)-3(N) ELECTION
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ReturnHeader/TaxPeriodBeginDt02020-01-01
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ReturnHeader/TaxYr02020

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