Civic Intelligence

True Self Foundation Inc.

990EZ • Fiscal year 2017 • EIN 66-0881019

Jan 01, 2017 to Dec 31, 2017 • Filed on May 12, 2019

1510 Ave Fd Roosevelt Triple S PlazGuaynabo, PR 00968

(787) 753-1565

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Assets

$777

No earlier filing loaded for comparison.

Net Assets

$777

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$981

No earlier filing loaded for comparison.

Expenses

$204

No earlier filing loaded for comparison.

Net Income

$777

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$0Assets 2017: $777Liabilities 2017: $0Net Assets 2017: $7772017Assets 2018: $30,363Liabilities 2018: $0Net Assets 2018: $30,3632018Assets 2019: $57,562Liabilities 2019: $6,000Net Assets 2019: $51,5622019Assets 2020: $79,154Liabilities 2020: $4,500Net Assets 2020: $74,6542020Assets 2021: $162,461Liabilities 2021: $10,231Net Assets 2021: $152,2302021Assets 2022: $392,861Liabilities 2022: $3,411Net Assets 2022: $389,4502022Assets 2023: $469,606Liabilities 2023: $46,788Net Assets 2023: $422,8182023

Highlighted filing

2017

Assets$777
Liabilities$0
Net Assets$777

Operations Trend

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

$600K$400K$200K$0Revenue 2017: $981Expenses 2017: $204Net Income 2017: $7772017Revenue 2018: $41,099Expenses 2018: $11,513Net Income 2018: $29,5862018Revenue 2019: $113,667Expenses 2019: $92,468Net Income 2019: $21,1992019Revenue 2020: $161,145Expenses 2020: $138,053Net Income 2020: $23,0922020Revenue 2021: $274,846Expenses 2021: $197,270Net Income 2021: $77,5762021Revenue 2022: $596,047Expenses 2022: $358,827Net Income 2022: $237,2202022Revenue 2023: $421,810Expenses 2023: $388,442Net Income 2023: $33,3682023

Highlighted filing

2017

Revenue$981
Expenses$204
Net Income$777
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 12, 2019
Return Version
2017v2.0
Gross Receipts
$981
Mission and Program Overview

Mission

Advancing transgender community equality rights. Also, the Organization educated the LGBT community and their allies in their rights, needs and responsibilities by organizing seminars and making educational resources and material available to them. In addition, the Organization provides access to legal and health services to transgender people by creating a network of sensible and educated professionals willing to work with the transgender community.

Program Services

DescriptionGrantsExpenses
The Organization was created during the current year and started to form the required alliances to carry its primary purposes. All the work performed were done by voluntaries who donated their time for no charge.$981$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIGUEL VAZQUEZ RIVERAPresidentPT$0--
OMAYRA TOLEDO DE LA CRUZTreasurerPT$0--
HECTOR VELEZDirector-$0--
DAVID EMANUEL RIVASDirector-$0--
DANIELA VICTORIA ARROYODirector-$0--
ENCARNITA GARCIA DE JESUSDirector-$0--
YIZETTE CIFREDO HERNANDEZDirector-$0--
MARILIA DEL ROSARIO JUARBE JIMENEZDirector-$0--
Filing and Contact Details

Filer

Filer Name
True Self Foundation Inc
EIN
66-0881019
Phone
7877531565
Address
1510 AVE FD ROOSEVELT TRIPLE S PLAZ, GUAYNABO, PR 00968

Signing Officer

Name
Omayra Toledo
Title
Treasurer
Phone
7877531565
Signed
2019-05-12
Discuss with paid preparer
Yes

Preparer

Firm
CPA Carlos X Pena Garcia
Address
PO BOX 9076, CAGUAS, PR 00726
Preparer
Carlos X Pena Garcia
Phone
7874537632
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^BANK CHARGES;54|MISCELLANEOUS;150^Total;204^

Raw XML Appendix183 raw XML fields

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IRS990EZ/PrimaryExemptPurposeTxt0Advancing transgender community equality rights. Also, the Organization educated the LGBT community and their allies in their rights, needs and responsibilities by organizing seminars and making educational resources and material available to them. In addition, the Organization provides access to legal and health services to transgender people by creating a network of sensible and educated professionals willing to work with the transgender community.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Penalties assessed for failure to file or pay taxes can be excused upon a showing of "reasonable cause and lack of willful neglect." See IRC 6651(a)(2) and Treas. Reg. 301.6651. A failure to file a return or pay tax due within the time prescribed will be considered to be due to reasonable cause to the extent that the taxpayer has made a satisfactory showing that they exercised ordinary business care and prudence. Reg. 301.6651-1(c)(1). The court in Orient Investment and Finance Co. v. Commissioner, 36 AFTR 818, 166 F.2d 601 (1948) stated that "reasonable cause means nothing more than the exercise of ordinary business care and prudence." Reasonable cause is based on all the facts and circumstances in each situation and allows the IRS to provide relief from a penalty that would otherwise apply. Reasonable cause relief is generally granted when the taxpayer exercised ordinary business care and prudence in determining his or her tax obligations but was nevertheless unable to comply with those obligations. See Internal Revenue Manual section 20.1.1.3.2(1). Ordinary business care and prudence is established when a taxpayer makes provisions for their tax obligations based upon reasonably foreseeable events. The Taxpayer can demonstrate they acted with ordinary business care and prudence if they can show legitimate reasons for any non-compliance. See Internal Revenue Manual section 20.1.1.3.2. To show ordinary business care and prudence a taxpayer should provide an explanation that corresponds with the dates of non-compliance. A taxpayer can also demonstrate ordinary business care and prudence by demonstrating that they have a history of compliance with the tax laws. Lastly, if a taxpayer can show that circumstances were beyond their control and they could not have reasonably anticipated an event that led to non-compliance, they have demonstrated that they acted with ordinary business care and prudence. See Internal Revenue Manual section 20.1.1.3.2.2. During the year 2017, Puerto Rico had been affected by two of the most devastating natural hurricanes in the United States history, Hurricanes Irma and Maria. The Organization started its operations in such year. As a result of the natural disasters, the overall power grid in Puerto Rico was damaged and destroyed, and the supplies of basic food and raw materials, gas and diesel, beside others, was limited. It is of public knowledge that most of the business in Puerto Rico suffered extensive damages and mostly remained closed for an undetermined time after the natural disaster. Also, as of todays date, the power electric grid continues to be weaker than ever, a lot of business had not been able to recuperate from the disasters and have been obligated to close. Similarly, most of the funds form the federal government in response to the disaster are pending to approval while we continue striving into the poverty and the aftermath of the Hurricanes. Our Organization is a small one, and mainly was created to help a vulnerable community of people, but with such disasters our focus was placed in helping the community and be able to obtain the necessary help during such tremendous disasters. The Organization clearly, had no intention of disobeying the taxing statutes. The facts showed above, demonstrate that our business have exercised ordinary business care, but such a devastating event could not be prevented, nor anticipated. An assessment of such a penalty for late filling will affect our purpose and the community we helping and may significate that the Organization may need to close, leaving unattended such an increasing and important community. Notwithstanding, as we are committed to comply with our obligations with the IRS we had taken the necessary steps to prevent such delay in the filling of the returns, such as contracting and independent accountant, beside others. Please accept this petition for abatement of penalties mentioned above due to reasonable cause.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUE SELF FOUNDATION INC
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ReturnHeader/Filer/PhoneNum07877531565
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ReturnHeader/PreparerPersonGrp/PhoneNum07874537632
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ReturnHeader/ReturnTs02019-05-15T11:47:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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