Civic Intelligence

Miami Bethany Community Services Inc

990 • Fiscal year 2015 • EIN 58-2676808

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 08, 2016

2490 NW 35th StMiami, FL 33142

(305) 638-2283

Siviq Scores

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

Liabilities / Assets

87th percentile

0.41x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

58th percentile

6.9%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$34,043

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

56th percentile

5.1%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$29,599

Up $1,438 (+5.1%) from 2014

Net Assets

Up

$17,495

Up $12,280 (+235%) from 2014

Liabilities

Down

$12,104

Down $10,842 (-47%) from 2014

Revenue

Down

$177,801

Down $43,680 (-20%) from 2014

Expenses

Down

$165,521

Down $89,567 (-35%) from 2014

Net Income

Up

$12,280

Up $45,887 (+137%) from 2014

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2011: $63,617Liabilities 2011: $12,345Net Assets 2011: $51,2722011Assets 2012: $80,943Liabilities 2012: $28,697Net Assets 2012: $52,2462012Assets 2013: $49,120Liabilities 2013: $10,298Net Assets 2013: $38,8222013Assets 2014: $28,161Liabilities 2014: $22,946Net Assets 2014: $5,2152014Assets 2015: $29,599Liabilities 2015: $12,104Net Assets 2015: $17,4952015Assets 2016: $14,597Liabilities 2016: $13,911Net Assets 2016: $6862016Assets 2017: $9,782Liabilities 2017: $8,901Net Assets 2017: $8812017Assets 2018: $5,580Liabilities 2018: $8,943Net Assets 2018: -$3,3632018Assets 2019: $2,074Liabilities 2019: $11,647Net Assets 2019: -$9,5732019Assets 2020: $51,509Liabilities 2020: $25,361Net Assets 2020: $26,1482020Assets 2024: $4,723Liabilities 2024: $12,135Net Assets 2024: -$7,4122024

Highlighted filing

2015

Assets$29,599
Liabilities$12,104
Net Assets$17,495

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $272,604Expenses 2011: $289,406Net Income 2011: -$16,8022011Expenses 2012: $335,4862012Revenue 2013: $304,612Expenses 2013: $318,036Net Income 2013: -$13,4242013Revenue 2014: $221,481Expenses 2014: $255,088Net Income 2014: -$33,6072014Revenue 2015: $177,801Expenses 2015: $165,521Net Income 2015: $12,2802015Revenue 2016: $133,919Expenses 2016: $150,728Net Income 2016: -$16,8092016Revenue 2017: $155,909Expenses 2017: $155,714Net Income 2017: $1952017Revenue 2018: $148,786Expenses 2018: $153,030Net Income 2018: -$4,2442018Revenue 2019: $96,833Expenses 2019: $103,043Net Income 2019: -$6,2102019Revenue 2020: $241,929Expenses 2020: $206,208Net Income 2020: $35,7212020Revenue 2024: $134,750Expenses 2024: $126,355Net Income 2024: $8,3952024

Highlighted filing

2015

Revenue$177,801
Expenses$165,521
Net Income$12,280
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$177,801
Mission and Program Overview

Mission

Miami bethany community services, inc. Is an agency dedicated to the holistic-physical, emotional, and spiritual-empowerment of the underserved communities of greater miami.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,161$21,379▼ $6,782
Cash and Non-Interest-Bearing Accounts-$8,220-
Total Assets$28,161$29,599▲ $1,438
Liabilities
Accounts Payable and Accrued Expenses$8,500$9,258▲ $758
Other Liabilities$14,446$2,846▼ $11,600
Total Liabilities$22,946$12,104▼ $10,842
Net Assets / Fund Balance
Unrestricted Net Assets$5,215$17,495▲ $12,280
Total Net Assets Fund Balance$5,215$17,495▲ $12,280
Total Liabilities and Net Assets / Fund Balance$28,161$29,599▲ $1,438

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,379$35,686$57,065
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Obed JaureguiPresident/cePT$34,043$34,043
Joe CamiloSite CoordinPT$31,071$31,071
Mauricio CarbajalFiscal DirecPT$15,375$15,375

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$177,801
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$177,801
Change in Net Assets
$12,280

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,801
Revenue Not Reported on Form 990
$36,000
Total Revenue per Audited Statements
$213,801
Total Revenue per Form 990
$177,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,444
Other Expenses$43,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$63,144$17,345-$80,489
Other Salaries and Wages$23,659$6,500-$30,159
Payroll Taxes$6,633$1,822-$8,455
Fees for Services Accounting-$8,000-$8,000
Depreciation Depletion-$6,782-$6,782
Office Expenses$4,811$236-$5,047
Insurance$2,830$586-$3,416
Other Employee Benefits$2,626$715-$3,341
Other Expenses$1,936$478-$2,414
All Other Expenses$840$389-$1,229
Total Functional Expenses$114,345$51,176$0$165,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$201,521
Expenses per Audited Statements$165,521
Total Expenses per Form 990$165,521
Expenses Not Reported on Form 990$36,000
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
Payroll Liabilities$2,846
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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

Form 990, Page 6, Part VI, Line 11B

The financial statements and form 990 are presented to the board of directors. They are who review and take any actions, if necessary.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Miami Bethany Community Services
EIN
58-2676808
Phone
3056382283
Address
2490 NW 35TH ST, MIAMI, FL 33142

Signing Officer

Name
Obed Jauregui
Title
President/CEO
Phone
3056382283
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Obed Jauregui
Formed
2003
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
120

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Octavio R Verdeja
Phone
3054463177
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been recorded. The organization has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, determine its filing and tax obligations, and to review other matters that may be considered tax positions. Management of the organization believes there are no uncertain tax positions. The u.s. Federal jurisdiction is the major tax jurisdiction where the organization files income tax returns. The organization is generally no longer subject to u.s. Federal examinations by tax authorities for years before 2012.

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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OCTAVIO R VERDEJA

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