Civic Intelligence

Paloma Del Carmen Fund

EIN 81-1176818 • 501(c)3 • Rio Grande, PR

Profile

Our purpose is to contribute to the reconstruction of the agricultural sector in puerto rico, which was drastically impacted after hurricanes irma and maria, by supporting long-term projects for the benefit of the island and its residents. We are convinced food sovereignty is extremely important for the sustainable economic development of puerto rico. We want to focus on restoring, supporting and incentivizing the local agriculture s a way for puerto rico to construct and maintain a sustainable and sovereign food system.

7000 Bahia Beach BoulevardRio Grande, PR 00745

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

6th percentile

-211%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

95th percentile

193%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $23,254 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $23,254 (-100%) from 2020

Operations
Liabilities / Revenue61st percentileNet Margin6th percentile

Revenue

Up

$11,000

Up $7,242 (+193%) from 2020

Expenses

Down

$34,254

Down $7,194 (-17%) from 2020

Net Income

Up

-$23,254

Up $14,436 (+38%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2017: $87,039Liabilities 2017: $0Net Assets 2017: $87,0392017Assets 2018: $42,395Liabilities 2018: $0Net Assets 2018: $42,3952018Assets 2019: $60,944Liabilities 2019: $0Net Assets 2019: $60,9442019Assets 2020: $23,254Liabilities 2020: $0Net Assets 2020: $23,2542020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2017: $87,767Expenses 2017: $728Net Income 2017: $87,0392017Revenue 2018: $137,343Expenses 2018: $181,987Net Income 2018: -$44,6442018Revenue 2019: $32,277Expenses 2019: $13,728Net Income 2019: $18,5492019Revenue 2020: $3,758Expenses 2020: $41,448Net Income 2020: -$37,6902020Revenue 2021: $11,000Expenses 2021: $34,254Net Income 2021: -$23,2542021

Highlighted filing

2021

Revenue$11,000
Expenses$34,254
Net Income-$23,254
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$11,000
Expenses
$34,254
Net income
-$23,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.11$0.34$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$0.04$0.41$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.32$0.14$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$1.37$1.82$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.00$0.87$0.88$0.01$0.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$11,000
Mission and Program Overview

Mission

Our purpose is to contribute to the reconstruction of the agricultural sector in puerto rico, which was drastically impacted after hurricanes irma and maria, by supporting long-term projects for the benefit of the island and its residents. We are convinced food sovereignty is extremely important for the sustainable economic development of puerto rico. We want to focus on restoring, supporting and incentivizing the local agriculture s a way for puerto rico to construct and maintain a sustainable and sovereign food system.

Program Services

DescriptionGrantsExpenses
IN 2018 THE FUND BEGAN PROVIDING DIRECT ASSISTANCE TO THE FARMERS OF PUERTO RICO THAT WERE AFFECTED BY HURICANE MARIA.$11,000$34,254
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERTO PEREZBoard Member-$0--
SOFIA WESTMEYERPresidentFT$0--
PETER WESTMEYERVice President-$0--
Filing and Contact Details

Filer

Filer Name
Paloma Del Carmen Fund
EIN
81-1176818
Phone
8476913395
Address
7000 BAHIA BEACH BOULEVARD, RIO GRANDE, PR 00745

Signing Officer

Name
Sofia Westmeyer
Title
President
Phone
8476913395
Signed
2022-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Fgmk LLC
Address
2801 LAKESIDE DRIVE 3RD FLOOR, BANNOCKBURN, IL 60015
Preparer
Robert H Minshall
Phone
8473740400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: assitance to farmers to help rebuild puerto rican farms. Grantee name: various. Grantee relationship: none. Property description: cash and materials. Amount given: 32,046.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fees. Amount: 240.”

Raw XML Appendix152 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0SOFIA WESTMEYER
IRS990EZ/BooksInCareOfDetail/PhoneNum03125583877
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0800 W MADISON ST STE 400
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060607
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt023254
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt011000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-23254
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01968
IRS990EZ/FiledScheduleAInd01
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt023254
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt032046
IRS990EZ/GrossReceiptsAmt011000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt023254
IRS990EZ/NetAssetsOrFundBalancesEOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt023254
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERTO PEREZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SOFIA WESTMEYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PETER WESTMEYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd01
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0240
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0OUR PURPOSE IS TO CONTRIBUTE TO THE RECONSTRUCTION OF THE AGRICULTURAL SECTOR IN PUERTO RICO, WHICH WAS DRASTICALLY IMPACTED AFTER HURRICANES IRMA AND MARIA, BY SUPPORTING LONG-TERM PROJECTS FOR THE BENEFIT OF THE ISLAND AND ITS RESIDENTS. WE ARE CONVINCED FOOD SOVEREIGNTY IS EXTREMELY IMPORTANT FOR THE SUSTAINABLE ECONOMIC DEVELOPMENT OF PUERTO RICO. WE WANT TO FOCUS ON RESTORING, SUPPORTING AND INCENTIVIZING THE LOCAL AGRICULTURE S A WAY FOR PUERTO RICO TO CONSTRUCT AND MAINTAIN A SUSTAINABLE AND SOVEREIGN FOOD SYSTEM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN 2018 THE FUND BEGAN PROVIDING DIRECT ASSISTANCE TO THE FARMERS OF PUERTO RICO THAT WERE AFFECTED BY HURICANE MARIA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt011000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt034254
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt034254
IRS990EZ/TotalProgramServiceExpensesAmt034254
IRS990EZ/TotalRevenueAmt011000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt032277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0137343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt090897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0275275
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53130
IRS990ScheduleA/PublicSupportPY170Pct00.54840
IRS990ScheduleA/PublicSupportTotal170Amt0146260
IRS990ScheduleA/SubstantialContributorsTotAmt0129015
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt011000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt032277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0137343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090897
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0275275
IRS990ScheduleA/TotalSupportAmt0275275
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: ASSITANCE TO FARMERS TO HELP REBUILD PUERTO RICAN FARMS. GRANTEE NAME: VARIOUS. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH AND MATERIALS. AMOUNT GIVEN: 32,046.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK FEES. AMOUNT: 240.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SOFIA WESTMEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08476913395
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALOMA DEL CARMEN FUND
ReturnHeader/Filer/BusinessNameControlTxt0PALO
ReturnHeader/Filer/EIN0811176818
ReturnHeader/Filer/PhoneNum08476913395
ReturnHeader/Filer/USAddress/AddressLine1Txt07000 BAHIA BEACH BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0RIO GRANDE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000745
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362929601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FGMK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02801 LAKESIDE DRIVE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BANNOCKBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08473740400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT H MINSHALL
ReturnHeader/ReturnTs02022-11-15T21:57:14-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOFIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WESTMEYER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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