Civic Intelligence

Sucede Inc.

990 • Fiscal year 2016 • EIN 51-0460145

Jan 01, 2016 to Dec 31, 2016 • Filed on May 25, 2017

290 Cranwood DriveKey Biscayne, FL 33149

(305) 692-0141

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

33rd percentile

-3.2%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-34%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$13,522

Down $3,281 (-20%) from 2015

Net Assets

Down

$13,522

Down $3,281 (-20%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$102,712

Down $53,063 (-34%) from 2015

Expenses

Down

$105,993

Down $35,594 (-25%) from 2015

Net Income

Down

-$3,281

Down $17,469 (-123%) from 2015

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2010: $338Liabilities 2010: $0Net Assets 2010: $3382010Assets 2011: $2,418Liabilities 2011: $0Net Assets 2011: $2,4182011Assets 2012: $219Liabilities 2012: $0Net Assets 2012: $2192012Assets 2013: $201Liabilities 2013: $0Net Assets 2013: $2012013Assets 2014: $2,615Liabilities 2014: $0Net Assets 2014: $2,6152014Assets 2015: $16,803Liabilities 2015: $0Net Assets 2015: $16,8032015Assets 2016: $13,522Liabilities 2016: $0Net Assets 2016: $13,5222016Assets 2017: $1,607Liabilities 2017: $0Net Assets 2017: $1,6072017Assets 2018: $1,641Liabilities 2018: $0Net Assets 2018: $1,6412018Assets 2019: $2,600Liabilities 2019: $0Net Assets 2019: $2,6002019Assets 2020: $9,894Liabilities 2020: $0Net Assets 2020: $9,8942020Assets 2021: $11,825Liabilities 2021: $0Net Assets 2021: $11,8252021Assets 2022: $11,135Liabilities 2022: $0Net Assets 2022: $11,1352022Assets 2023: $9,747Liabilities 2023: $0Net Assets 2023: $9,7472023Assets 2024: $256Liabilities 2024: $0Net Assets 2024: $2562024

Highlighted filing

2016

Assets$13,522
Liabilities$0
Net Assets$13,522

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $29,0762010Expenses 2011: $3,2762011Expenses 2012: $80,1402012Revenue 2013: $142,829Expenses 2013: $142,847Net Income 2013: -$182013Revenue 2014: $112,138Expenses 2014: $109,724Net Income 2014: $2,4142014Revenue 2015: $155,775Expenses 2015: $141,587Net Income 2015: $14,1882015Revenue 2016: $102,712Expenses 2016: $105,993Net Income 2016: -$3,2812016Revenue 2017: $293,522Expenses 2017: $305,437Net Income 2017: -$11,9152017Revenue 2018: $151,200Expenses 2018: $151,166Net Income 2018: $342018Revenue 2019: $110,194Expenses 2019: $109,235Net Income 2019: $9592019Revenue 2020: $803,029Expenses 2020: $795,735Net Income 2020: $7,2942020Revenue 2021: $909,424Expenses 2021: $907,493Net Income 2021: $1,9312021Revenue 2022: $878,119Expenses 2022: $878,809Net Income 2022: -$6902022Revenue 2023: $246,532Expenses 2023: $247,920Net Income 2023: -$1,3882023Revenue 2024: $226,442Expenses 2024: $235,933Net Income 2024: -$9,4912024

Highlighted filing

2016

Revenue$102,712
Expenses$105,993
Net Income-$3,281
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 25, 2017
Return Version
2016v3.0
Gross Receipts
$102,712
Mission and Program Overview

Mission

To promote and facilitate social investment to latin america, especially to south american countries, in order to support teh region's sustainable development. We mobilize funds to finance result-oriented projects that can produce positive social change for poor and excluded individuals and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$16,803$13,522▼ $3,281
Total Assets$16,803$13,522▼ $3,281
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$16,803$13,522▼ $3,281
Total Net Assets Fund Balance$16,803$13,522▼ $3,281
Total Liabilities and Net Assets / Fund Balance$16,803$13,522▼ $3,281

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,731$2,731
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alfredo LlosaDirector
Carolina RaaijenDirector
Julio C NoriegaDirector
Maria Pia LeonDirector
Carolina LlosaExctve Direc
Revenue and Support

Revenue Composition

Contributions and Grants
$102,712
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$102,712
Change in Net Assets
$-3,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,575
Other Expenses$6,418
Total Fundraising Expense$759
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$99,575--$99,575
Conferences and Meetings$2,557--$2,557
Travel$700-$759$1,459
Fees for Services Accounting-$1,000-$1,000
All Other Expenses-$231-$231
Other Expenses$392$215-$215
Total Functional Expenses$103,224$2,010$759$105,993
International Activity

International Compliance

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$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Sucede, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sucede Inc
EIN
51-0460145
Phone
3056920141
Address
290 CRANWOOD DRIVE, KEY BISCAYNE, FL 33149

Signing Officer

Name
Carolina Llosa
Title
Exctve Direc
Phone
3059134630
Signed
2017-05-25

Organization Details

Principal Officer
Carolina Llosa
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Padial & Company Pa
Address
999 PONCE DE LEON BLVD SUITE 705, CORAL GABLES, FL 33134-3042
Preparer
Myriam C Gonzalez
Phone
3054434305
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote and facilitate social investment to latin america, especially to south american countries, in order to support teh region's sustainable development. We mobilize funds to finance result-oriented projects that can produce positive social change for poor and excluded individuals and their communities.

Form 990, Page 2, Part III, Line 4A

From the mcclelland fund at the foundation of appalachian ohio to support the annual activities related to the promotion work of the organization adu proyecto universal. Museo de arte de lima (mali) paseo coln 125, lima 1 per museo de arte de lima - mali is a non-profit cultural organization devoted to the promotion of the visual arts in per. It houses a representative collection of peruvian art, which witnesses several centuries of cultural transformation, including pre-columbian and colonial objects, as well as republican and contemporary works. In 2016, sucede supported projects related to promoting malis educational activities and the development of mali's pre-columbian textile collection. Asociacion unamonos calle santa marta 111 arequipa, peru unamonos school attends children with special needs, mainly children with mental disabilities like down syndrome, that belong to low-income families. Based in the south of peru, in the city of arequipa, unamonos school accompanies their students from their early years to their 18-20s, when they continue to be supported by proyecto unamonos, a labor inclusion initiative. In 2016, sucede supported the project "nutritional program for unamonos school students - 2016" which aims to provide lunch for 80 students during the hours they are in school. Asociacion cultural ando danzando avenida augusto perez aranibar 2191 lima 27 peru in 2016, sudcede supported the annual operations of ando danzando, a peruvian organization working to promote the love for dance as an instrument of social transformation among peruvian children.

Form 990, Page 2, Part III, Line 4D

DEPRECIATION EXPENSE.

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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/Desc0THE INITIATIVES SUCEDE, INC. SUPPORTED DURING 2015 WERE THE FOLLOWING: ADU PROYECTO UNIVERSAL AV PASEO DEL REPUBLICA 1810, OF 302 LIMA, PERU ADU IS A NONPROFIT ORGANIZATION THAT AIMS TO OVERCOME RACIAL AND ETHNIC STEREOTYPES BY RE-IMAGINING PERUVIAN IDENTITY THROUGH DANCE, THEATER AND PERCUSSION. AD (WHICH MEANS "FRIEND" IN LIMEA SLANG) ENCOURAGES ITS MEMBERS TO COMBINE DIFFERENT DANCE AND MUSIC GENRES, CROSSING BACK AND FORTH BETWEEN TRADITION AND MODERNITY. IN 2016, SUCEDE FACILITATED GRANTS FROM THE MCCLELLAND FUND AT THE FOUNDATION OF APPALACHIAN OHIO TO SUPPORT THE ANNUAL ACTIVITIES RELATED TO THE PROMOTION WORK OF THE ORGANIZATION ADU PROYECTO UNIVERSAL. MUSEO DE ARTE DE LIMA (MALI) PASEO COLN 125, LIMA 1 PER MUSEO DE ARTE DE LIMA - MALI IS A NON-PROFIT CULTURAL ORGANIZATION DEVOTED TO THE PROMOTION OF THE VISUAL ARTS IN PER. IT HOUSES A REPRESENTATIVE COLLECTION OF PERUVIAN ART, WHICH WITNESSES SEVERAL CENTURIES OF CULTURAL TRANSFORMATION, INCLUDING PRE-COLUMBIAN AND COLONIAL OBJECTS, AS WELL AS REPUBLICAN AND CONTEMPORARY WORKS. IN 2016, SUCEDE SUPPORTED PROJECTS RELATED TO PROMOTING MALIS EDUCATIONAL ACTIVITIES AND THE DEVELOPMENT OF MALI'S PRE-COLUMBIAN TEXTILE COLLECTION. ASOCIACION UNAMONOS CALLE SANTA MARTA 111 AREQUIPA, PERU UNAMONOS SCHOOL ATTENDS CHILDREN WITH SPECIAL NEEDS, MAINLY CHILDREN WITH MENTAL DISABILITIES LIKE DOWN SYNDROME, THAT BELONG TO LOW-INCOME FAMILIES. BASED IN THE SOUTH OF PERU, IN THE CITY OF AREQUIPA, UNAMONOS SCHOOL ACCOMPANIES THEIR STUDENTS FROM THEIR EARLY YEARS TO THEIR 18-20S, WHEN THEY CONTINUE TO BE SUPPORTED BY PROYECTO UNAMONOS, A LABOR INCLUSION INITIATIVE. IN 2016, SUCEDE SUPPORTED THE PROJECT "NUTRITIONAL PROGRAM FOR UNAMONOS SCHOOL STUDENTS - 2016" WHICH AIMS TO PROVIDE LUNCH FOR 80 STUDENTS DURING THE HOURS THEY ARE IN SCHOOL. ASOCIACION CULTURAL ANDO DANZANDO AVENIDA AUGUSTO PEREZ ARANIBAR 2191 LIMA 27 PERU IN 2016, SUDCEDE SUPPORTED THE ANNUAL OPERATIONS OF ANDO DANZANDO, A PERUVIAN ORGANIZATION WORKING TO PROMOTE THE LOVE FOR DANCE AS AN INSTRUMENT OF SOCIAL TRANSFORMATION AMONG PERUVIAN CHILDREN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE AND FACILITATE SOCIAL INVESTMENT TO LATIN AMERICA, ESPECIALLY TO SOUTH AMERICAN COUNTRIES, IN ORDER TO SUPPORT TEH REGION'S SUSTAINABLE DEVELOPMENT. WE MOBILIZE FUNDS TO FINANCE RESULT-ORIENTED PROJECTS THAT CAN PRODUCE POSITIVE SOCIAL CHANGE FOR POOR AND EXCLUDED INDIVIDUALS AND THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FROM THE MCCLELLAND FUND AT THE FOUNDATION OF APPALACHIAN OHIO TO SUPPORT THE ANNUAL ACTIVITIES RELATED TO THE PROMOTION WORK OF THE ORGANIZATION ADU PROYECTO UNIVERSAL. MUSEO DE ARTE DE LIMA (MALI) PASEO COLN 125, LIMA 1 PER MUSEO DE ARTE DE LIMA - MALI IS A NON-PROFIT CULTURAL ORGANIZATION DEVOTED TO THE PROMOTION OF THE VISUAL ARTS IN PER. IT HOUSES A REPRESENTATIVE COLLECTION OF PERUVIAN ART, WHICH WITNESSES SEVERAL CENTURIES OF CULTURAL TRANSFORMATION, INCLUDING PRE-COLUMBIAN AND COLONIAL OBJECTS, AS WELL AS REPUBLICAN AND CONTEMPORARY WORKS. IN 2016, SUCEDE SUPPORTED PROJECTS RELATED TO PROMOTING MALIS EDUCATIONAL ACTIVITIES AND THE DEVELOPMENT OF MALI'S PRE-COLUMBIAN TEXTILE COLLECTION. ASOCIACION UNAMONOS CALLE SANTA MARTA 111 AREQUIPA, PERU UNAMONOS SCHOOL ATTENDS CHILDREN WITH SPECIAL NEEDS, MAINLY CHILDREN WITH MENTAL DISABILITIES LIKE DOWN SYNDROME, THAT BELONG TO LOW-INCOME FAMILIES. BASED IN THE SOUTH OF PERU, IN THE CITY OF AREQUIPA, UNAMONOS SCHOOL ACCOMPANIES THEIR STUDENTS FROM THEIR EARLY YEARS TO THEIR 18-20S, WHEN THEY CONTINUE TO BE SUPPORTED BY PROYECTO UNAMONOS, A LABOR INCLUSION INITIATIVE. IN 2016, SUCEDE SUPPORTED THE PROJECT "NUTRITIONAL PROGRAM FOR UNAMONOS SCHOOL STUDENTS - 2016" WHICH AIMS TO PROVIDE LUNCH FOR 80 STUDENTS DURING THE HOURS THEY ARE IN SCHOOL. ASOCIACION CULTURAL ANDO DANZANDO AVENIDA AUGUSTO PEREZ ARANIBAR 2191 LIMA 27 PERU IN 2016, SUDCEDE SUPPORTED THE ANNUAL OPERATIONS OF ANDO DANZANDO, A PERUVIAN ORGANIZATION WORKING TO PROMOTE THE LOVE FOR DANCE AS AN INSTRUMENT OF SOCIAL TRANSFORMATION AMONG PERUVIAN CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUCEDE, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/CityNm0MIAMI
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLINA LLOSA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXCTVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum03059134630
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUCEDE INC
ReturnHeader/Filer/BusinessNameControlTxt0SUCE
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ReturnHeader/Filer/PhoneNum03056920141
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PADIAL & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0999 PONCE DE LEON BLVD SUITE 705
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331343042
ReturnHeader/PreparerPersonGrp/PhoneNum03054434305
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MYRIAM C GONZALEZ
ReturnHeader/ReturnTs02017-05-26T09:40:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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.$0.00$0.00$0.00$2.26$2.36$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$2.47$2.48$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$8.78$8.79$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$9.09$9.07$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$8.03$7.96$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.10$1.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.51$1.51$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$2.94$3.05$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$1.03$1.06$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.56$1.42$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.12$1.10$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.43$1.43$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.29