Civic Intelligence

Fundacion Dr Raul Garcia Rinaldi

990 • Fiscal year 2013 • EIN 66-0491622

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 14, 2014

PO Box 881600910-0816

(787) 725-4065

Siviq Scores

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

Liabilities / Assets

81st percentile

0.46x

Higher debt load relative to assets than 81% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

63rd percentile

0.10x

Higher debt load relative to revenue than 63% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

76th percentile

$63,278

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

68th percentile

9.9%

Faster asset growth than 68% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$168,542

Up $15,225 (+9.9%) from 2012

Net Assets

Up

$90,548

Up $17,597 (+24%) from 2012

Liabilities

Down

$77,994

Down $2,372 (-3.0%) from 2012

Revenue

$754,549

No earlier filing loaded for comparison.

Expenses

Up

$736,952

Up $42,366 (+6.1%) from 2012

Net Income

$17,597

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $125,487Liabilities 2010: $50,111Net Assets 2010: $75,3762010Assets 2011: $121,990Liabilities 2011: $68,773Net Assets 2011: $53,2172011Assets 2012: $153,317Liabilities 2012: $80,366Net Assets 2012: $72,9512012Assets 2013: $168,542Liabilities 2013: $77,994Net Assets 2013: $90,5482013Assets 2014: $100,650Liabilities 2014: $43,210Net Assets 2014: $57,4402014Assets 2015: $63,407Liabilities 2015: $30,780Net Assets 2015: $32,6272015Assets 2016: $81,325Liabilities 2016: $26,625Net Assets 2016: $54,7002016Assets 2017: $112,155Liabilities 2017: $42,010Net Assets 2017: $70,1452017Assets 2018: $96,954Liabilities 2018: $32,699Net Assets 2018: $64,2552018Assets 2019: $104,804Liabilities 2019: $44,507Net Assets 2019: $60,2972019Assets 2020: $84,730Liabilities 2020: $22,219Net Assets 2020: $62,5112020Assets 2021: $286,324Liabilities 2021: $189,049Net Assets 2021: $97,2752021Assets 2022: $481,691Liabilities 2022: $378,931Net Assets 2022: $102,7602022Assets 2023: $417,551Liabilities 2023: $341,810Net Assets 2023: $75,7412023Assets 2024: $341,147Liabilities 2024: $354,902Net Assets 2024: -$13,7552024

Highlighted filing

2013

Assets$168,542
Liabilities$77,994
Net Assets$90,548

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $772,7292010Expenses 2011: $738,8252011Expenses 2012: $694,5862012Revenue 2013: $754,549Expenses 2013: $736,952Net Income 2013: $17,5972013Revenue 2014: $762,690Expenses 2014: $795,798Net Income 2014: -$33,1082014Revenue 2015: $759,363Expenses 2015: $784,176Net Income 2015: -$24,8132015Revenue 2016: $714,046Expenses 2016: $691,973Net Income 2016: $22,0732016Revenue 2017: $591,889Expenses 2017: $576,444Net Income 2017: $15,4452017Revenue 2018: $613,538Expenses 2018: $619,428Net Income 2018: -$5,8902018Revenue 2019: $598,228Expenses 2019: $602,186Net Income 2019: -$3,9582019Revenue 2020: $548,012Expenses 2020: $545,798Net Income 2020: $2,2142020Revenue 2021: $633,366Expenses 2021: $598,602Net Income 2021: $34,7642021Revenue 2022: $687,036Expenses 2022: $681,551Net Income 2022: $5,4852022Revenue 2023: $774,809Expenses 2023: $801,828Net Income 2023: -$27,0192023Revenue 2024: $776,675Expenses 2024: $866,171Net Income 2024: -$89,4962024

Highlighted filing

2013

Revenue$754,549
Expenses$736,952
Net Income$17,597
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 14, 2014
Return Version
2013v3.1
Gross Receipts
$754,549
Mission and Program Overview

Mission

To promote charitable, academic, and/or scientific activities to carry on investigations and comunitarian services related to heart cardiology and cardio surgeries as well as to facilitate the access to cardiology services to indigent patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$134,667$146,769▲ $12,102
Accounts Receivable$18,408$21,500▲ $3,092
Prepaid Expenses and Deferred Charges$242$273▲ $31
Total Assets$153,317$168,542▲ $15,225
Liabilities
Deferred Revenue$74,833$73,500▼ $1,333
Accounts Payable and Accrued Expenses$5,533$4,494▼ $1,039
Total Liabilities$80,366$77,994▼ $2,372
Net Assets / Fund Balance
Unrestricted Net Assets$37,340$59,882▲ $22,542
Temporarily Rstr Net Assets$35,611$30,666▼ $4,945
Total Net Assets Fund Balance$72,951$90,548▲ $17,597
Total Liabilities and Net Assets / Fund Balance$153,317$168,542▲ $15,225
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maura Tapia LemusExecutive DiFT$63,278$63,278

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$560,896
Program Service Revenue
$0
Investment Income
$818
Other Revenue
$192,835
All Other Contributions
$523,496
Change in Net Assets
$17,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$754,549
Total Revenue per Audited Statements
$754,549
Total Revenue per Form 990
$754,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$645,223
Salaries, Compensation, and Employee Benefits$91,729
Total Fundraising Expense$54,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$385,041$17,679$30,628$433,348
Current Officers, Directors, Trustees, and Key Employees$63,278--$63,278
Advertising$18,198--$18,198
Other Salaries and Wages$7,963$4,087$5,722$17,772
Office Expenses$14,118$802$1,123$16,043
Occupancy$12,690$721$1,009$14,420
Insurance$10,031$570$799$11,400
Payroll Taxes$9,398$534$747$10,679
Fees for Services Accounting-$4,200-$4,200
Other Expenses$124,209$1,128$2,858$3,986
Total Functional Expenses$644,926$37,812$54,214$736,952

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$736,952
Total Expenses per Audited Statements$736,952
Total Expenses per Form 990$736,952
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$192,835
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$77,330$77,330-$77,330
Event 2$25,212$25,212-$25,212
Total Events$102,542$102,542-$102,542
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Robert SheldonDirector-offic.RentNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 2

Dr. Ral garca rinaldi aidita fournier director director brother-sister dr. Ral garca rinaldi jos miranda director dir.-officer client-attorney samuel toro nilda toro director director husband-wife

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

Form 990 is prepared by the external auditors with coordination with the management. Then the form is discussed and reviewed by the members of the development committee and the executive director. The final draft is circulated among all members of the governing body for the final approval.

Form 990, Page 6, Part VI, Line 12C

Is required that every active member of the board and all personnel signed a conflict of interest statement in an annual basis.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation for organization's executive director and employees is delegated to the president of the board by their members. This process is part of the annual budget preparation. First an annual performance evaluation is made. Then a salaries research among other comparable nonprofit organizations is performed. Finally the amount of the salaries is incorporated in the operational budget and submitted to the approval of the board of directors.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation for the organization's executive director and employees is delegated to the president of the board by their members. This process is part of the annual budget preparation. First an annual performance evaluation is made. Then a salaries research among other comparable nonprofit organizations is performed. Finally the amount of the salaries is incorporated in the operational budget and submitted to the approval of the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at their offices.

Filing and Contact Details

Filer

EIN
66-0491622
Phone
7877254065

Signing Officer

Name
Maura Tapia Lemus Md
Title
Executive Director
Phone
7877254065
Signed
2014-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Tapia Lemus
Formed
1993
Legal Domicile
Pr
Voting Board Members
40
Independent Board Members
40
Employees
2
Volunteers
43

Preparer

Preparer
Edgardo Rosa-ortiz
Phone
7877254545
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote charitable, academic, and/or scientific activities to carry on investigations and comunitarian services related to heart cardiology and cardio surgeries as well as to facilitate the access to cardiology services to indigent patients.

Form 990, Page 1, Part I, Line 6

Form 990 part vii section a continued. Officers, directors, trustees, key employees, and highest compensated employees. 32) johny rullan average hours per week: 3.00 director 33) karla montijo average hours per week: 3.00 director 34) krisia baez average hours per week: 3.00 director 35) luis ramirez average hours per week: 3.00 director 36) luisa lugaro average hours per week: 3.00 director 37) shakira santiago average hours per week: 3.00 director 38) william cordova average hours per week: 3.00 director 39) aidita fournier average hours per week: 3.00 director 40) francisco rosario average hours per week: 3.00 director

Form 990, Part IX, Line 11G

Other fees 385,041 17,679 30,628

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENTE
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE-PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE-PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt33RD VICE-PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DI
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IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt0192835
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt040
IRS990/GovernmentGrantsAmt037400
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0754549
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt040
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0799
IRS990/InsuranceGrp/ManagementAndGeneralAmt0570
IRS990/InsuranceGrp/ProgramServicesAmt010031
IRS990/InsuranceGrp/TotalAmt011400
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0818
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0818
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE CHARITABLE, ACADEMIC, AND/OR SCIENTIFIC ACTIVITIES TO CARRY ON INVESTIGATIONS AND COMUNITARIAN SERVICES RELATED TO HEART CARDIOLOGY AND CARDIO SURGERIES AS WELL AS TO FACILITATE THE ACCESS TO CARDIOLOGY SERVICES TO INDIGENT PATIENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt090548
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0192835
IRS990/NoncashContributionsAmt0380010
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01009
IRS990/OccupancyGrp/ManagementAndGeneralAmt0721
IRS990/OccupancyGrp/ProgramServicesAmt012690
IRS990/OccupancyGrp/TotalAmt014420
IRS990/OfficeExpensesGrp/FundraisingAmt01123
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0802
IRS990/OfficeExpensesGrp/ProgramServicesAmt014118
IRS990/OfficeExpensesGrp/TotalAmt016043
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0ACTIVITIES EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt011328
IRS990/OtherExpensesGrp/FundraisingAmt12858
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08091
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11128
IRS990/OtherExpensesGrp/ProgramServicesAmt0124209
IRS990/OtherExpensesGrp/TotalAmt0143628
IRS990/OtherExpensesGrp/TotalAmt13986
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05722
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04087
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07963
IRS990/OtherSalariesAndWagesGrp/TotalAmt017772
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0747
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0534
IRS990/PayrollTaxesGrp/ProgramServicesAmt09398
IRS990/PayrollTaxesGrp/TotalAmt010679
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0242
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0273
IRS990/PrincipalOfficerNm0MAURA TAPIA LEMUS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTE RESEARCH AND EDUCATION ON COURSES, PREVENTION AND TREATMENT OF CARDIOVASCULAR DISEASES, PARTICULARLY IN THE CONTEXT OF PUERTO RICAN CULTURE. DURING THE YEAR THE FOUNDATION RECEIVED DONATIONS OF SERVICES VALUATED IN 380,010.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0549550
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0633406
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0683
IRS990/PYOtherExpensesAmt0583952
IRS990/PYOtherRevenueAmt080231
IRS990/PYRevenuesLessExpensesAmt019734
IRS990/PYSalariesCompEmpBnftPaidAmt0110634
IRS990/PYTotalExpensesAmt0694586
IRS990/PYTotalRevenueAmt0714320
IRS990/ReconcilationRevenueExpnssAmt017597
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.41$3.55$0.14$7.77$8.66$0.89
2023Detailed filing. Detailed filing data is available for this year.$4.18$3.42$0.76$7.75$8.02$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$3.79$1.03$6.87$6.82$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.86$1.89$0.97$6.33$5.99$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.22$0.63$5.48$5.46$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.45$0.60$5.98$6.02$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.97$0.33$0.64$6.14$6.19$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.42$0.70$5.92$5.76$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.27$0.55$7.14$6.92$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.31$0.33$7.59$7.84$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.43$0.57$7.63$7.96$0.33
2013Detailed filing. Detailed filing data is available for this year.$1.69$0.78$0.91$7.55$7.37$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.80$0.73$6.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.69$0.53$7.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.50$0.75$7.73