Civic Intelligence

Fundacion Dr Raul Garcia Rinaldi

990 • Fiscal year 2014 • EIN 66-0491622

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 15, 2015

PO Box 8816San Juan 00910-0816Rq

(787) 725-4065

Siviq Scores

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

Liabilities / Assets

80th percentile

0.43x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.06x

Higher debt load relative to revenue than 54% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

29th percentile

-4.3%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

74th percentile

$63,278

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

4th percentile

-40%

Faster asset growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

1.1%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$100,650

Down $67,892 (-40%) from 2013

Net Assets

Down

$57,440

Down $33,108 (-37%) from 2013

Liabilities

Down

$43,210

Down $34,784 (-45%) from 2013

Revenue

Up

$762,690

Up $8,141 (+1.1%) from 2013

Expenses

Up

$795,798

Up $58,846 (+8.0%) from 2013

Net Income

Down

-$33,108

Down $50,705 (-288%) from 2013

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

2014

Assets$100,650
Liabilities$43,210
Net Assets$57,440

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

2014

Revenue$762,690
Expenses$795,798
Net Income-$33,108
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$762,690
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$146,769$79,770▼ $66,999
Accounts Receivable$21,500$20,000▼ $1,500
Prepaid Expenses and Deferred Charges$273$880▲ $607
Total Assets$168,542$100,650▼ $67,892
Liabilities
Deferred Revenue$73,500$39,167▼ $34,333
Accounts Payable and Accrued Expenses$4,494$4,043▼ $451
Total Liabilities$77,994$43,210▼ $34,784
Net Assets / Fund Balance
Unrestricted Net Assets$59,882$35,989▼ $23,893
Temporarily Rstr Net Assets$30,666$21,451▼ $9,215
Total Net Assets Fund Balance$90,548$57,440▼ $33,108
Total Liabilities and Net Assets / Fund Balance$168,542$100,650▼ $67,892
Compensation and Service Providers

Employees

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

Revenue Composition

Contributions and Grants
$606,481
Program Service Revenue
$0
Investment Income
$842
Other Revenue
$155,367
All Other Contributions
$584,981
Change in Net Assets
$-33,108

Audited Revenue Reconciliation

Revenue per Audited Statements
$762,690
Total Revenue per Audited Statements
$762,690
Total Revenue per Form 990
$762,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$718,019
Salaries, Compensation, and Employee Benefits$77,779
Total Fundraising Expense$55,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$428,357$20,138$34,074$482,569
Current Officers, Directors, Trustees, and Key Employees$63,278--$63,278
Advertising$61,217--$61,217
Office Expenses$15,083$857$1,200$17,140
Occupancy$11,989$681$954$13,624
Payroll Taxes$5,169$502$4,366$10,037
Insurance$6,665$379$530$7,574
Other Expenses$3,803$670$184$4,657
Other Salaries and Wages-$3,387$1,077$4,464
Fees for Services Accounting-$4,200-$4,200
Total Functional Expenses$700,008$40,227$55,563$795,798

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$795,798
Total Expenses per Audited Statements$795,798
Total Expenses per Form 990$795,798
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$155,367
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$51,165$51,165-$51,165
Gala$5,374$5,374-$5,374
Total Events$56,539$56,539-$56,539
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 anselmo irizarry luisa lgaro director director husband-wife

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

Form 990 is prepared by the external consultants 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 by the president of the development committeee 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

Filer Name
Fundacin Dr Ral
EIN
66-0491622
Phone
7877254065
Address
RQ

Signing Officer

Name
Maura Tapia Lemus Md
Title
Executive Director
Phone
7877254065
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Tapia Lemus
Formed
1993
Legal Domicile
Pr
Voting Board Members
42
Independent Board Members
42
Employees
1
Volunteers
31

Preparer

Firm
Fpv & Galindez Cpas Psc
Address
PO BOX 364152, SAN JUAN, PR 00936-4152
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

428,357 20,138 34,074

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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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