Civic Intelligence

Fundacion Bechara Inc.

990 • Fiscal year 2021 • EIN 66-0752214

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 31, 2022

PO Box 362066San Juan, PR 00936

(787) 512-2223

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

86th percentile

$24,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

84th percentile

65%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

83%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$190,930

Up $75,031 (+65%) from 2020

Net Assets

Up

$185,072

Up $69,173 (+60%) from 2020

Liabilities

Up

$5,858

Up $5,858 from 2020

Revenue

Up

$243,532

Up $110,199 (+83%) from 2020

Expenses

Up

$171,559

Up $42,048 (+32%) from 2020

Net Income

Up

$71,973

Up $68,151 (+1783%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2016: $29,305Liabilities 2016: $0Net Assets 2016: $29,3052016Assets 2017: $116,474Liabilities 2017: $0Net Assets 2017: $116,4742017Assets 2018: $81,639Liabilities 2018: $0Net Assets 2018: $81,6392018Assets 2019: $112,777Liabilities 2019: $700Net Assets 2019: $112,0772019Assets 2020: $115,899Liabilities 2020: $0Net Assets 2020: $115,8992020Assets 2021: $190,930Liabilities 2021: $5,858Net Assets 2021: $185,0722021Assets 2022: $113,464Liabilities 2022: $3,242Net Assets 2022: $110,2222022Assets 2023: $159,725Liabilities 2023: $2,352Net Assets 2023: $157,3732023Assets 2024: $150,922Liabilities 2024: $1,886Net Assets 2024: $149,0362024

Highlighted filing

2021

Assets$190,930
Liabilities$5,858
Net Assets$185,072

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $59,328Expenses 2016: $36,913Net Income 2016: $22,4152016Revenue 2017: $185,586Expenses 2017: $98,417Net Income 2017: $87,1692017Revenue 2018: $86,588Expenses 2018: $121,423Net Income 2018: -$34,8352018Revenue 2019: $145,168Expenses 2019: $114,730Net Income 2019: $30,4382019Revenue 2020: $133,333Expenses 2020: $129,511Net Income 2020: $3,8222020Revenue 2021: $243,532Expenses 2021: $171,559Net Income 2021: $71,9732021Revenue 2022: $61,160Expenses 2022: $136,010Net Income 2022: -$74,8502022Revenue 2023: $169,060Expenses 2023: $122,203Net Income 2023: $46,8572023Revenue 2024: $122,288Expenses 2024: $130,625Net Income 2024: -$8,3372024

Highlighted filing

2021

Revenue$243,532
Expenses$171,559
Net Income$71,973
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 31, 2022
Return Version
2021v4.0
Gross Receipts
$243,532
Mission and Program Overview

Mission

Fundacion bechara is a non profit corporation established for charitable and educational purposes with the mission to strengthen public health by developing initiatives that educate and empower the community in specific areas of health. Our vision aims that our projects/initiatives will be able to improve citizen's quality of life and provide better healthcare for our community. Thus, inspiring people to make a difference in the lives of others.

A non-profit with the mission to strengthen public health by developing initiatives that educate, equip and empower the community in specific areas of health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$113,099$190,930▲ $77,831
Rtn Earn Endowment Incm Other Fnds$113,099$185,072▲ $71,973
Total Assets$113,099$190,930▲ $77,831
Liabilities
Accounts Payable and Accrued Expenses-$5,858-
Total Liabilities$0$5,858▲ $5,858
Net Assets / Fund Balance
Total Net Assets Fund Balance$113,099$185,072▲ $71,973
Total Liabilities and Net Assets / Fund Balance$113,099$190,930▲ $77,831
Compensation and Service Providers

Employees

NameTitleBaseTotal
Alexa BecharaExecutive Di$24,000$24,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$243,532
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$143,532
Change in Net Assets
$71,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,823
Salaries, Compensation, and Employee Benefits$31,736
Grants and Similar Amounts Paid$30,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,000--$30,000
Other Salaries and Wages$24,000--$24,000
Payroll Taxes$7,736--$7,736
Insurance$1,811--$1,811
Fees for Services Other$1,010--$1,010
Office Expenses$546--$546
Other Expenses$129--$129
Total Functional Expenses$171,559$0$0$171,559
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brigham and Women Hospital Inc--Medical Research$30,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

The executive director have a family relatioship (mother / father/ daughter) with the president and one of the directors, and (niece) with the vicepresident, treasurer and secretary of the board.

Form 990, Page 6, Part VI, Line 2

Alexa bechara daphne bechara exe.director president daughter/mother

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

This form is reviewed by members of the board.

Form 990, Page 6, Part VI, Line 19

The members of the board will make its governing documents available to the public upon requested.

Filing and Contact Details

Filer

Filer Name
Fundacion Bechara Inc
EIN
66-0752214
Phone
7875122223
Address
PO BOX 362066, SAN JUAN, PR 00936

Signing Officer

Name
Daphne Bechara
Title
President
Phone
7875122223
Signed
2022-08-31

Organization Details

Principal Officer
Daphne Bechara
Formed
2010
Legal Domicile
Pr
Voting Board Members
18
Independent Board Members
0
Employees
1
Volunteers
20

Preparer

Firm
Rsm Puerto Rico
Address
PO BOX 10528, SAN JUAN, PR 00922-0528
Preparer
Rafael De Rojas Sanchez
Phone
7877516164
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fundacion bechara is a non profit corporation established for charitable and educational purposes with the mission to strengthen public health by developing initiatives that educate and empower the community in specific areas of health. Our vision aims that our projects/initiatives will be able to improve citizen's quality of life and provide better healthcare for our community. Thus, inspiring people to make a difference in the lives of others.

Form 990, Page 2, Part III, Line 4A

Be brave raises awareness and educates our community in autoimmune conditions/ diseases. We support physicians' continuing education and biomedical research studies in an effort to advanced medical discoveries that will unravel trigger causes, innovative treatments, and possible cures for these chronic conditions. We conducted 2 medical seminars in an effort to educate primary physicians as well as specialists in the importance of early diagnosis, early treatment, and updated research findings of autoimmune disorders. Through these seminars we educated over 200 physicians bringing to them the necessary tools to properly care for patients in our community. We also made our yearly contribution to the be brave fund at the brigham and women's hospital. Through fundacin bechara's community response initiative, we also supported the medical community battling the covid-19 pandemic by donating kn95 masks to hospitals and clinics throughout the island.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE QUICO BECHARA PROJECT SEEKS TO HELP EDUCATE, EQUIP AND EMPOWER OUR COMMUNITY TO BE READY TO RESPOND TO SUDDEN CARDIAC ARREST EMERGENCIES AND TO RAISE AWARNESS OF THE IMPORTANCE OF AUTOMATIC EXTERNAL DEFIBRILATORS (AED'S) HAVE AS A LINK IN THE CHAIN OF SURVIVAL. THIS IS ACHIEVED BY OFFERING CONFERENCES ABOUT WHAT SUDDEN CARDIAC ARREST IS AND WHAT AN AED IS. OFFERING CPR AND AED COURSES. ESTABLISHING PAD PROGRAMS IN WORK PLACES; AND ASSISTING OUR COMMUNITY DURING TIMES OF NEED, AMONG OTHER THINGS.
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IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BRIGHAM AND WOMEN HOSPITAL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0BRIGHAM AND WOMEN HOSPITAL INC
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THROUGH THE BE BRAVE PROJECT, FUNDACION BECHARA INC. (THE FUNDACION) MAKES CONTRIBUTIONS TO BRIGHAM AND WOMEN HOSPITAL, INC. TO SUPPORT THE RHEUMATOLOGY FUND FOR DISCOVERY AND INNOVATION THAT WORKS WITH BIOMEDICAL RESEARCH. THEY PROVIDE UPDATES AND KEEP THE FUNDACION INFORMED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNDACION BECHARA IS A NON PROFIT CORPORATION ESTABLISHED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITH THE MISSION TO STRENGTHEN PUBLIC HEALTH BY DEVELOPING INITIATIVES THAT EDUCATE AND EMPOWER THE COMMUNITY IN SPECIFIC AREAS OF HEALTH. OUR VISION AIMS THAT OUR PROJECTS/INITIATIVES WILL BE ABLE TO IMPROVE CITIZEN'S QUALITY OF LIFE AND PROVIDE BETTER HEALTHCARE FOR OUR COMMUNITY. THUS, INSPIRING PEOPLE TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BE BRAVE RAISES AWARENESS AND EDUCATES OUR COMMUNITY IN AUTOIMMUNE CONDITIONS/ DISEASES. WE SUPPORT PHYSICIANS' CONTINUING EDUCATION AND BIOMEDICAL RESEARCH STUDIES IN AN EFFORT TO ADVANCED MEDICAL DISCOVERIES THAT WILL UNRAVEL TRIGGER CAUSES, INNOVATIVE TREATMENTS, AND POSSIBLE CURES FOR THESE CHRONIC CONDITIONS. WE CONDUCTED 2 MEDICAL SEMINARS IN AN EFFORT TO EDUCATE PRIMARY PHYSICIANS AS WELL AS SPECIALISTS IN THE IMPORTANCE OF EARLY DIAGNOSIS, EARLY TREATMENT, AND UPDATED RESEARCH FINDINGS OF AUTOIMMUNE DISORDERS. THROUGH THESE SEMINARS WE EDUCATED OVER 200 PHYSICIANS BRINGING TO THEM THE NECESSARY TOOLS TO PROPERLY CARE FOR PATIENTS IN OUR COMMUNITY. WE ALSO MADE OUR YEARLY CONTRIBUTION TO THE BE BRAVE FUND AT THE BRIGHAM AND WOMEN'S HOSPITAL. THROUGH FUNDACIN BECHARA'S COMMUNITY RESPONSE INITIATIVE, WE ALSO SUPPORTED THE MEDICAL COMMUNITY BATTLING THE COVID-19 PANDEMIC BY DONATING KN95 MASKS TO HOSPITALS AND CLINICS THROUGHOUT THE ISLAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR HAVE A FAMILY RELATIOSHIP (MOTHER / FATHER/ DAUGHTER) WITH THE PRESIDENT AND ONE OF THE DIRECTORS, AND (NIECE) WITH THE VICEPRESIDENT, TREASURER AND SECRETARY OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALEXA BECHARA DAPHNE BECHARA EXE.DIRECTOR PRESIDENT DAUGHTER/MOTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS FORM IS REVIEWED BY MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS OF THE BOARD WILL MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0PLATANILLO 1936 EXT SANTA MARIA
IRS990/USAddress/CityNm0SAN JUAN
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAPHNE BECHARA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07875122223
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDACION BECHARA INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0660752214
ReturnHeader/Filer/PhoneNum07875122223
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ReturnHeader/Filer/USAddress/CityNm0SAN JUAN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660388756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM PUERTO RICO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10528
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0009220528
ReturnHeader/PreparerPersonGrp/PhoneNum07877516164
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAFAEL DE ROJAS SANCHEZ
ReturnHeader/ReturnTs02022-09-06T11:23:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAPHNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BECHARA RIVERA
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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