Civic Intelligence

Rescate Venezuela Inc.

990 • Fiscal year 2019 • EIN 81-4255953

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

Organization ProfileRESCATEVENEZUELA.COM
78 SW 7 Street Ste 6129Miami, FL 33130

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

$533,245

No earlier filing loaded for comparison.

Net Assets

$533,245

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin81st percentile

Revenue

$1,967,083

No earlier filing loaded for comparison.

Expenses

$1,462,686

No earlier filing loaded for comparison.

Net Income

$504,397

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2019: $533,245Liabilities 2019: $0Net Assets 2019: $533,2452019Assets 2020: $25,758Liabilities 2020: $2,225Net Assets 2020: $23,5332020Assets 2022: $114,450Liabilities 2022: $29,400Net Assets 2022: $85,0502022

Highlighted filing

2019

Assets$533,245
Liabilities$0
Net Assets$533,245
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $1,967,083Expenses 2019: $1,462,686Net Income 2019: $504,3972019Revenue 2020: $337,677Expenses 2020: $844,298Net Income 2020: -$506,6212020Revenue 2022: $460,061Expenses 2022: $732,997Net Income 2022: -$272,9362022

Highlighted filing

2019

Revenue$1,967,083
Expenses$1,462,686
Net Income$504,397
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$1,967,083
Mission and Program Overview

Mission

To become an organization that provides basic needs, hygiene and medical supplies and other humanitarian assistance to the most vulnerable populations in venezuela, encouraging the participation of other institutions and general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$130$504,527▲ $504,397
Land, Buildings, and Equipment, Net-$28,718-
Total Assets$130$533,245▲ $533,115
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$130$533,245▲ $533,115
Total Net Assets Fund Balance$130$533,245▲ $533,115
Total Liabilities and Net Assets / Fund Balance$130$533,245▲ $533,115

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,718$2,191$30,909
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Yoslin OrtegaPresident
Jaffir HerediaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,967,083
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,967,083
Change in Net Assets
$504,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,437,686
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$125,806$46-$125,852
Fees for Services Other$94,164--$94,164
All Other Expenses$50,833$15,467-$66,300
Travel$40,085--$40,085
Depreciation Depletion$30,909--$30,909
Other Expenses$28,699--$28,699
Foreign Grants$25,000--$25,000
Information Technology-$6,427-$6,427
Insurance$4,494--$4,494
Advertising$199--$199
Total Functional Expenses$1,440,746$21,940$0$1,462,686
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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, Page 6, Part VI, Line 11B

“Review of the 990 form is made including an external accounting firm and the board members. A review on the accurancy of the financial and formal data is made.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Rescate Venezuela Inc
EIN
81-4255953
Phone
8778295500
Address
78 SW 7 STREET STE 6129, MIAMI, FL 33130

Signing Officer

Name
Yoslin Ortega
Title
President
Phone
8778295500
Signed
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yoslin Ortega
Formed
2016
Legal Domicile
Fl
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Gbs Accounting & Taxes Inc
Address
3350 SW 148TH AVE STE 120, MIRAMAR, FL 33027-3258
Preparer
Maria Diaz
Phone
9546598835
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To become an organization that provides basic needs, hygiene and medical supplies and other humanitarian assistance to the most vulnerable populations in venezuela, encouraging the participation of other institutions and general public.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 28,718”

Raw XML Appendix283 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.

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IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt025000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01967083
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/ProgramServicesAmt04494
IRS990/InsuranceGrp/TotalAmt04494
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02191
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028718
IRS990/LandBldgEquipCostOrOtherBssAmt030909
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0130
IRS990/NetAssetsOrFundBalancesEOYAmt0533245
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0130
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046
IRS990/OfficeExpensesGrp/ProgramServicesAmt0125806
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc2SHIPPING
IRS990/OtherExpensesGrp/Desc3FURNISH AND INSTAL WATER
IRS990/OtherExpensesGrp/ProgramServicesAmt0564256
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IRS990/PYContributionsGrantsAmt028485
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IRS990/PYRevenuesLessExpensesAmt0-376
IRS990/PYTotalExpensesAmt028861
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0HELPING NEEDY VZLANS
IRS990ScheduleF/InterestInForeignTrustInd0false
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IRS990ScheduleF/TransferToForeignCorpInd0false
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IRS990/ScheduleORequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF THE 990 FORM IS MADE INCLUDING AN EXTERNAL ACCOUNTING FIRM AND THE BOARD MEMBERS. A REVIEW ON THE ACCURANCY OF THE FINANCIAL AND FORMAL DATA IS MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESCATE VENEZUELA INC
ReturnHeader/Filer/BusinessNameControlTxt0RESC
ReturnHeader/Filer/EIN0814255953
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt078 SW 7 STREET STE 6129
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/FilingSecurityInformation/IPDt02020-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:17:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421567953
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GBS ACCOUNTING & TAXES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03350 SW 148TH AVE STE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIRAMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0330273258
ReturnHeader/PreparerPersonGrp/PhoneNum09546598835
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA DIAZ
ReturnHeader/ReturnTs02020-11-12T10:17:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$533,245
Liabilities
$0
Net assets
$533,245
Revenue
$1,967,083
Expenses
$1,462,686
Net income
$504,397
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.03$0.09$0.46$0.73$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.02$0.34$0.84$0.51
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$1.97$1.46$0.50