Civic Intelligence

The Cedice Foundation C/O Atlas Economic Research Foundation

990 • Fiscal year 2017 • EIN 52-1711334

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 02, 2018

4075 Wilson Boulevard Suite 310Arlington, VA 22203

(914) 961-4667

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

56th percentile

5.5%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$845,154

Up $44,080 (+5.5%) from 2016

Net Assets

Up

$845,154

Up $44,080 (+5.5%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$70,437

Up $24,127 (+52%) from 2016

Expenses

Down

$5,739

Down $401 (-6.5%) from 2016

Net Income

Up

$64,698

Up $24,528 (+61%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $566,768Liabilities 2011: $0Net Assets 2011: $566,7682011Assets 2012: $647,806Liabilities 2012: $0Net Assets 2012: $647,8062012Assets 2013: $648,945Liabilities 2013: $0Net Assets 2013: $648,9452013Assets 2014: $701,726Liabilities 2014: $0Net Assets 2014: $701,7262014Assets 2015: $766,911Liabilities 2015: $0Net Assets 2015: $766,9112015Assets 2016: $801,074Liabilities 2016: $0Net Assets 2016: $801,0742016Assets 2017: $845,154Liabilities 2017: $0Net Assets 2017: $845,1542017Assets 2018: $854,301Liabilities 2018: $0Net Assets 2018: $854,3012018Assets 2019: $944,066Liabilities 2019: $0Net Assets 2019: $944,0662019Assets 2020: $1,032,827Liabilities 2020: $0Net Assets 2020: $1,032,8272020Assets 2021: $1,028,795Liabilities 2021: $0Net Assets 2021: $1,028,7952021Assets 2022: $966,399Liabilities 2022: $0Net Assets 2022: $966,3992022Assets 2023: $1,015,516Liabilities 2023: $0Net Assets 2023: $1,015,5162023Assets 2024: $1,061,349Liabilities 2024: $0Net Assets 2024: $1,061,3492024

Highlighted filing

2017

Assets$845,154
Liabilities$0
Net Assets$845,154

Operations Trend

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

$150K$100K$50K$0Expenses 2011: $18,5882011Expenses 2012: $4,5042012Revenue 2013: $69,804Expenses 2013: $12,616Net Income 2013: $57,1882013Revenue 2014: $43,792Expenses 2014: $10,327Net Income 2014: $33,4652014Revenue 2015: $55,405Expenses 2015: $8,701Net Income 2015: $46,7042015Revenue 2016: $46,310Expenses 2016: $6,140Net Income 2016: $40,1702016Revenue 2017: $70,437Expenses 2017: $5,739Net Income 2017: $64,6982017Revenue 2018: $71,889Expenses 2018: $35,804Net Income 2018: $36,0852018Revenue 2019: $98,470Expenses 2019: $32,813Net Income 2019: $65,6572019Revenue 2020: $79,866Expenses 2020: $26,896Net Income 2020: $52,9702020Revenue 2021: $51,369Expenses 2021: $20,283Net Income 2021: $31,0862021Revenue 2022: $48,317Expenses 2022: $13,030Net Income 2022: $35,2872022Revenue 2023: $53,638Expenses 2023: $25,851Net Income 2023: $27,7872023Revenue 2024: $122,480Expenses 2024: $43,930Net Income 2024: $78,5502024

Highlighted filing

2017

Revenue$70,437
Expenses$5,739
Net Income$64,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 2, 2018
Return Version
2017v2.3
Gross Receipts
$105,409
Mission and Program Overview

Mission

To promote a better understanding of the economic concept of the free market and individual liberty.

Promote better understanding of the economic concept of the free market and individual liberty

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$692,436$737,871▲ $45,435
Savings and Temporary Cash Investments$108,638$107,283▼ $1,355
Total Assets$801,074$845,154▲ $44,080
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$796,074$831,154▲ $35,080
Temporarily Rstr Net Assets$5,000$14,000▲ $9,000
Total Net Assets Fund Balance$801,074$845,154▲ $44,080
Total Liabilities and Net Assets / Fund Balance$801,074$845,154▲ $44,080
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paulette L CastilloPresident/asst.treas
Dr Alejandro a ChafuenVice President
Luis H BallDirector
Ian VasquezSecretary
Ana Luisa Perez LuzardoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,737
Program Service Revenue
$0
Investment Income
$24,700
Other Revenue
$0
All Other Contributions
$45,737
Change in Net Assets
$64,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,739
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
Conferences and Meetings$3,641--$3,641
Fees for Services Accounting-$1,400-$1,400
Fees for Services Legal-$441-$441
Office Expenses-$177-$177
Other Expenses-$80-$80
Total Functional Expenses$3,641$2,098$0$5,739
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
Annual disclosure for covered persons
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
Yes
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 form 990 is completed by an independent accountant and is reviewed by the board of directors prior to filing

Form 990, Part VI, Section B, Line 12C

Paulette l. Castillo, president/assistant treasurer, provides each officer and director with a copy of the conflict of interest policy. Each officer and director is then asked to sign a statement attesting to the fact that no conflict exists. This is performed periodically and not necessarily annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Cedice Foundation
EIN
52-1711334
Phone
9149614667
Address
4075 WILSON BOULEVARD SUITE 310, ARLINGTON, VA 22203

Signing Officer

Name
Paulette L Castillo
Title
President
Phone
9149614667
Signed
2018-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paulette L Castillo
Formed
1991
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
4600 EAST WEST HWY STE 200, BETHESDA, MD 20814
Preparer
Raymond Barbagallo
Phone
3019513636
Raw XML Appendix318 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/ActivityOrMissionDesc0PROMOTE BETTER UNDERSTANDING OF THE ECONOMIC CONCEPT OF THE FREE MARKET AND INDIVIDUAL LIBERTY
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IRS990/Desc0THE CEDICE FOUNDATION IS A NON-PARTISAN FREE MARKET ORGANIZATION. ITS MAIN OBJECTIVE IS TO PROMOTE A BETTER UNDERSTANDING OF THE ECONOMIC CONCEPT OF THE FREE MARKET AND INDIVIDUAL LIBERTY. HISTORICALLY, THE FOUNDATION HAS SUPPORTED VARIOUS ACTIVITIES IN COUNTRIES WITH DEVELOPING ECONOMIES. ITS PRIMARY ACTIVITY IS TO EDUCATE THE PUBLIC IN DEVELOPING ECONOMIES WHO LACK THE TOOLS AND RESOURCES TO OBTAIN A FUNDAMENTAL KNOWLEDGE OF FREE MARKET PRINCIPLES, PRIVATE PROPERTY CONCEPTS, AND THE RIGHTS AND RESPONSIBILITIES OF INDIVIDUAL LIBERTY. ADDITIONALLY, CEDICE PARTICIPATES IN THE ANNUAL LIBERTY FORUM, HOSTED BY THE ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK), A GATHERING OF THINK TANKS FROM AROUND THE GLOBE WHO MEET TO DISCUSS ACTIVITIES AND TO EXCHANGE IDEAS IN THE ADVANCEMENT OF FREE ECONOMIC CONCEPTS AND INDIVIDUAL LIBERTIES WORLDWIDE. DURING THE EVENT, THE TEMPLETON FREEDOM AWARD IS ANNOUNCED. CEDICE VENEZUELA HAS BEEN A TWO TIME RECIPIENT OF THIS AWARD.
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IRS990/Form990PartVIISectionAGrp/PersonNm3IAN VASQUEZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/ASST.TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt035000
IRS990/GrossReceiptsAmt0105409
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/LocalChaptersInd00
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IRS990/MissionDesc0TO PROMOTE A BETTER UNDERSTANDING OF THE ECONOMIC CONCEPT OF THE FREE MARKET AND INDIVIDUAL LIBERTY.
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0HISTORICALLY, OTHER ACTIVITIES HAVE INCLUDED BOOK PURCHASE PROGRAMS, PUBLICATIONS, STUDENT PROGRAMS, LIBRARY SUPPORT, ESTABLISHMENT OF ACADEMIC CHAIRS, AWARDS/RESEARCH, INTERNSHIP SUPPORT, COMMUNITY PROGRAMS, RADIO PROGRAMMING, ECONOMIC ORIENTATION FOR JOURNALISTS, INDEX OF ECONOMIC FREEDOM PARTICIPATION, AND VIDEO DOCUMENTARY PRODUCTION.
IRS990/ProgSrvcAccomActy3Grp/Desc0CURRENTLY, THE FOUNDATION IS ENGAGED IN AN IN-DEPTH STUDY OF OIL PROPERTY RIGHTS IN VENEZUELA. THE PROJECT WILL CONTINUE THROUGH OCTOBER OF 2018, AND WILL INCLUDE PRODUCTION OF A VIDEO ON THE EVOLUTION OF OIL PROPERTY RIGHTS AND ECONOMIC FREEDOM IN VENEZUELA, CLOSED DOOR MEETINGS WITH POLITICAL AND GOVERNMENT DECISION MAKERS, AN ANALYSIS OF POLICY PAPERS PRODUCED BY THE ENERGY AND PETROLEUM COMMISSION, ROUNDTABLES AND WORKSHOPS OPEN TO THE PUBLIC, GRASSROOTS EVENTS REVOLVING AROUND FREE MARKET CONCEPTS, AND SOCIAL MEDIA COMMUNICATIONS.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE CEDICE FOUNDATION MEETS THE FACTS AND CIRCUMSTANCES TEST PROVIDED IN TREASURY REGULATIONS SECTION 1.170A-9(F)(3) AS FOLLOWS:1. THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE IS AT LEAST 10%.2. THE FOUNDATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC.3. AT 25%, THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE FOR 2017 IS WELL ABOVE THE MINIMUM REQUIREMENT OF 10% AND NARROWLY FALLS SHORT OF THE NORMAL REQUIREMENT OF 33 1/3%.4. THE FOUNDATION NORMALLY RECEIVES SUPPORT FROM OTHER PUBLIC CHARITIES. DURING THE PERIOD 2013-2017, THE FOUNDATION RECEIVED APPROXIMATELY $60,000 IN SUPPORT FROM PUBLIC CHARITIES. ADDITIONALLY, THE FOUNDATION RECEIVES SIGNIFICANT INVESTMENT INCOME FROM ITS ENDOWMENT WHICH CAUSES ITS PUBLIC SUPPORT PERCENTAGE TO BE LOWER THAN IT WOULD BE OTHERWISE.5. THE FOUNDATION'S PROGRAMS PROVIDE GREAT BENEFIT TO THE PUBLIC THROUGH THE PRODUCTION OF EDUCATIONAL MATERIALS AND CONFERENCES.
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IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS COMPLETED BY AN INDEPENDENT ACCOUNTANT AND IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAULETTE L. CASTILLO, PRESIDENT/ASSISTANT TREASURER, PROVIDES EACH OFFICER AND DIRECTOR WITH A COPY OF THE CONFLICT OF INTEREST POLICY. EACH OFFICER AND DIRECTOR IS THEN ASKED TO SIGN A STATEMENT ATTESTING TO THE FACT THAT NO CONFLICT EXISTS. THIS IS PERFORMED PERIODICALLY AND NOT NECESSARILY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt045737
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02098
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03641
IRS990/TotalFunctionalExpensesGrp/TotalAmt05739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0801074
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0845154
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03641
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070437
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0801074
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0845154
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0796074
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0831154
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt025 SAGAMORE RDAPT 1G
IRS990/USAddress/CityNm0BRONXVILLE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0107081559
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULETTE L CASTILLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09149614667
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CEDICE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ATLAS ECONOMIC RESEARCH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CEDI
ReturnHeader/Filer/EIN0521711334
ReturnHeader/Filer/PhoneNum09149614667
ReturnHeader/Filer/USAddress/AddressLine1Txt04075 WILSON BOULEVARD SUITE 310
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId018694F53AD11E15FFCEA276DE93F63B2E746D691
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.142.98.34
ReturnHeader/FilingSecurityInformation/IPDt02018-10-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:50:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560574444
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHERRY BEKAERT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04600 EAST WEST HWY STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019513636
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAYMOND BARBAGALLO
ReturnHeader/ReturnTs02018-10-09T11:56:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.12$0.04$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.05$0.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.05$0.01$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.05$0.02$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.08$0.03$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.10$0.03$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.07$0.04$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.07$0.01$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.05$0.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.06$0.01$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.04$0.01$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.07$0.01$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.02