Civic Intelligence

Centro Margarita Inc.

990 • Fiscal year 2022 • EIN 66-0366245

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

Rr 03 Box 7260Cidra, PR 00739

(787) 739-6030

Siviq Scores

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

Liabilities / Assets

60th percentile

0.12x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

55th percentile

9.5%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$27,900

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

50th percentile

1.3%

Faster asset growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

5.7%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,607,616

Up $59,617 (+1.3%) from 2021

Net Assets

Up

$4,038,662

Up $156,501 (+4.0%) from 2021

Liabilities

Down

$568,954

Down $96,884 (-15%) from 2021

Revenue

Up

$1,770,166

Up $96,170 (+5.7%) from 2021

Expenses

Up

$1,602,467

Up $79,885 (+5.2%) from 2021

Net Income

Up

$167,699

Up $16,285 (+11%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,945,541Liabilities 2011: $408,730Net Assets 2011: $3,536,8112011Assets 2012: $3,606,227Liabilities 2012: $50,707Net Assets 2012: $3,555,5202012Assets 2013: $3,572,846Liabilities 2013: $173,440Net Assets 2013: $3,399,4062013Assets 2014: $3,558,571Liabilities 2014: $193,781Net Assets 2014: $3,364,7902014Assets 2015: $3,564,910Liabilities 2015: $177,217Net Assets 2015: $3,387,6932015Assets 2016: $3,617,153Liabilities 2016: $184,198Net Assets 2016: $3,432,9552016Assets 2017: $3,591,704Liabilities 2017: $86,511Net Assets 2017: $3,505,1932017Assets 2018: $3,710,176Liabilities 2018: $157,632Net Assets 2018: $3,552,5442018Assets 2019: $3,838,185Liabilities 2019: $186,388Net Assets 2019: $3,651,7972019Assets 2020: $4,295,485Liabilities 2020: $217,181Net Assets 2020: $4,078,3042020Assets 2021: $4,547,999Liabilities 2021: $665,838Net Assets 2021: $3,882,1612021Assets 2022: $4,607,616Liabilities 2022: $568,954Net Assets 2022: $4,038,6622022Assets 2023: $6,154,240Liabilities 2023: $1,883,018Net Assets 2023: $4,271,2222023Assets 2024: $6,474,070Liabilities 2024: $1,938,985Net Assets 2024: $4,535,0852024

Highlighted filing

2022

Assets$4,607,616
Liabilities$568,954
Net Assets$4,038,662

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $863,046Expenses 2011: $1,066,091Net Income 2011: -$203,0452011Revenue 2012: $936,471Expenses 2012: $1,060,313Net Income 2012: -$123,8422012Revenue 2013: $1,037,182Expenses 2013: $1,104,145Net Income 2013: -$66,9632013Revenue 2014: $1,362,163Expenses 2014: $1,610,366Net Income 2014: -$248,2032014Revenue 2015: $1,480,762Expenses 2015: $1,509,152Net Income 2015: -$28,3902015Revenue 2016: $1,518,481Expenses 2016: $1,473,219Net Income 2016: $45,2622016Revenue 2017: $1,390,778Expenses 2017: $1,318,540Net Income 2017: $72,2382017Revenue 2018: $1,131,541Expenses 2018: $1,144,512Net Income 2018: -$12,9712018Revenue 2019: $1,439,243Expenses 2019: $1,357,382Net Income 2019: $81,8612019Revenue 2020: $1,374,740Expenses 2020: $1,112,011Net Income 2020: $262,7292020Revenue 2021: $1,673,996Expenses 2021: $1,522,582Net Income 2021: $151,4142021Revenue 2022: $1,770,166Expenses 2022: $1,602,467Net Income 2022: $167,6992022Revenue 2023: $3,288,163Expenses 2023: $3,039,403Net Income 2023: $248,7602023Revenue 2024: $3,782,963Expenses 2024: $3,519,100Net Income 2024: $263,8632024

Highlighted filing

2022

Revenue$1,770,166
Expenses$1,602,467
Net Income$167,699
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,770,166
Mission and Program Overview

Mission

To provide therapeutic services to neurological handicapped children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,483,522$2,388,467▼ $95,055
Cash and Non-Interest-Bearing Accounts$1,053,313$1,323,891▲ $270,578
Pledges and Grants Receivable$657,257$594,614▼ $62,643
Investments Other Securities$254,428$291,582▲ $37,154
Accounts Receivable$90,417--
Investments Program Related$0--
Total Assets$4,547,999$4,607,616▲ $59,617
Other Assets Total$9,062$9,062→ $0
Liabilities
Grants Payable$237,894$370,245▲ $132,351
Accounts Payable and Accrued Expenses$156,950$198,709▲ $41,759
Unsecured Notes Loans Payable$165,000--
Deferred Revenue$105,994$0▼ $105,994
Total Liabilities$665,838$568,954▼ $96,884
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,701,961$2,935,044▲ $233,083
Net Assets Without Donor Restrictions$1,180,200$1,103,618▼ $76,582
Total Net Assets Fund Balance$3,882,161$4,038,662▲ $156,501
Total Liabilities and Net Assets / Fund Balance$4,547,999$4,607,616▲ $59,617

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,788,696$1,507,177$0
Other Land Buildings$0$0$0
Land$564,200-$0
Equipment$35,571$393,325$0
Leasehold Improvements$0$0$0
Other Securities$291,582--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda I CruzDirectorFT$27,900$27,900

Board Members and Trustees

NameTitle
Adrian DiazPresident
David JimenezDirector
Omar RamosDirector
Sheyla RosaroDirector
Vilmari QuijanoSecretary
Beatriz De AngelTreasure
Revenue and Support

Revenue Composition

Contributions and Grants
$928,104
Program Service Revenue
$841,011
Investment Income
$0
Other Revenue
$1,051
All Other Contributions
$763,104
Change in Net Assets
$167,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,081,296
Other Expenses$521,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$856,572$61,778-$918,350
Fees for Services Other$202,943$26,041-$228,984
Payroll Taxes$151,194$11,752-$162,946
Depreciation Depletion$69,785$23,262-$93,047
Other Expenses$37,822$12,607$0$50,429
Office Expenses$10,948$12,248-$23,196
Insurance$10,546$3,515-$14,061
Travel$5,496$1,592-$7,088
Total Functional Expenses$1,438,987$163,480$0$1,602,467
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

990 is summited to board members for review during monthly meeting.

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

During monthly meetings all board members review conflict of interest matters.

Form 990, Part VI, Section B, Line 15

An external consultant (accountant) is inquired about the matter.

Form 990, Part VI, Section C, Line 19

Available to public upon request in local pr offices.

Filing and Contact Details

Filer

Filer Name
Centro Margarita Inc
EIN
66-0366245
Phone
7877396030
Address
RR 03 BOX 7260, CIDRA, PR 00739

Signing Officer

Name
Brenda Cruz
Title
Director
Phone
7877396030
Signed
2022-11-15

Organization Details

Principal Officer
Brenda Cruz
Formed
1978
Legal Domicile
Pr
Voting Board Members
6
Independent Board Members
6
Employees
60
Volunteers
4
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

We amended the return to correct numbers of board members & description

Form 990, Part IX, Line 11G

PROFESSIONAL SERVICES

Form 990, Part XI, Line 9

PRIOR YEAR ADJUSTMENT

Raw XML AppendixShowing 400 of 467 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/ProgSrvcAccomActyOtherGrp/ExpenseAmt218361
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt338471
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt420124
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt5597976
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt051873
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt119920
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt218361
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt338481
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt420124
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt50
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt30
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt40
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt5597976
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0718596
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040939
IRS990/PYOtherExpensesAmt0527984
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0914461
IRS990/PYRevenuesLessExpensesAmt0151414
IRS990/PYSalariesCompEmpBnftPaidAmt0994598
IRS990/PYTotalExpensesAmt01522582
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01673996
IRS990/ReconcilationRevenueExpnssAmt0167699
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01769151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01633057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01374740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01438805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01131861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07347614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0367
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0218
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02888
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99961
IRS990ScheduleA/PublicSupportPY170Pct00.99969
IRS990ScheduleA/PublicSupportTotal170Amt07347614
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01769151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01633057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01374740
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01438805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01131861
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07347614
IRS990ScheduleA/TotalSupportAmt07350502
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01788696
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01507177
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03295873
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt035571
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393325
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0428896
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0564200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0564200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0291582
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02388467
IRS990ScheduleD/TotalBookValueSecuritiesAmt0291582
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE AMENDED THE RETURN TO CORRECT NUMBERS OF BOARD MEMBERS & DESCRIPTION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS SUMMITED TO BOARD MEMBERS FOR REVIEW DURING MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING MONTHLY MEETINGS ALL BOARD MEMBERS REVIEW CONFLICT OF INTEREST MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN EXTERNAL CONSULTANT (ACCOUNTANT) IS INQUIRED ABOUT THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE TO PUBLIC UPON REQUEST IN LOCAL PR OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR YEAR ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Header, Line B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04547999
IRS990/TotalAssetsEOYAmt04607616
IRS990/TotalAssetsGrp/BOYAmt04547999
IRS990/TotalAssetsGrp/EOYAmt04607616
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0928104
IRS990/TotalEmployeeCnt060

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.47$1.94$4.54$3.78$3.52$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.15$1.88$4.27$3.29$3.04$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.61$0.57$4.04$1.77$1.60$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.55$0.67$3.88$1.67$1.52$0.15
2020Summary only. Only limited summary data is available for this year.$4.30$0.22$4.08$1.37$1.11$0.26
2019Summary only. Only limited summary data is available for this year.$3.84$0.19$3.65$1.44$1.36$0.08
2018Summary only. Only limited summary data is available for this year.$3.71$0.16$3.55$1.13$1.14$0.01
2017Summary only. Only limited summary data is available for this year.$3.59$0.09$3.51$1.39$1.32$0.07
2016Summary only. Only limited summary data is available for this year.$3.62$0.18$3.43$1.52$1.47$0.05
2015Summary only. Only limited summary data is available for this year.$3.56$0.18$3.39$1.48$1.51$0.03
2014Summary only. Only limited summary data is available for this year.$3.56$0.19$3.36$1.36$1.61$0.25
2013Summary only. Only limited summary data is available for this year.$3.57$0.17$3.40$1.04$1.10$0.07
2012Summary only. Only limited summary data is available for this year.$3.61$0.05$3.56$0.94$1.06$0.12
2011Summary only. Only limited summary data is available for this year.$3.95$0.41$3.54$0.86$1.07$0.20