Civic Intelligence

Karry Carrasco Foundation

990EZ • Fiscal year 2020 • EIN 83-2072399

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileN/A
1318 Alt 19Palm Harbor, FL 34683

(727) 439-0089

Siviq Scores

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

Liabilities / Assets

78th percentile

0.15x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.29x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

15th percentile

-37%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

29th percentile

-8.1%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-63%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$204,533

Down $18,103 (-8.1%) from 2019

Net Assets

Down

$173,591

Down $39,527 (-19%) from 2019

Liabilities

Up

$30,942

Up $21,424 (+225%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin15th percentile

Revenue

Down

$107,526

Down $181,687 (-63%) from 2019

Expenses

Up

$147,053

Up $68,458 (+87%) from 2019

Net Income

Down

-$39,527

Down $250,145 (-119%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$300K$200K$100K$0Assets 2019: $222,636Liabilities 2019: $9,518Net Assets 2019: $213,1182019Assets 2020: $204,533Liabilities 2020: $30,942Net Assets 2020: $173,5912020Assets 2021: $213,296Liabilities 2021: $18,084Net Assets 2021: $195,2122021Assets 2022: $206,449Liabilities 2022: $16,051Net Assets 2022: $190,3982022Assets 2023: $199,021Liabilities 2023: $15,470Net Assets 2023: $183,5512023

Highlighted filing

2020

Assets$204,533
Liabilities$30,942
Net Assets$173,591
Open 2020 Filing

Operations Trend

Revenue Growth15th percentile

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

$300K$200K$100K$0-$100KRevenue 2019: $289,213Expenses 2019: $78,595Net Income 2019: $210,6182019Revenue 2020: $107,526Expenses 2020: $147,053Net Income 2020: -$39,5272020Revenue 2021: $83,814Expenses 2021: $62,193Net Income 2021: $21,6212021Revenue 2022: $255,401Expenses 2022: $260,215Net Income 2022: -$4,8142022Revenue 2023: $159,255Expenses 2023: $166,103Net Income 2023: -$6,8482023

Highlighted filing

2020

Revenue$107,526
Expenses$147,053
Net Income-$39,527
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$107,526
Mission and Program Overview

Mission

To assist in humanitarian efforts in Venezuela and throughout the Americas.

Program Services

DescriptionGrantsExpenses
The organization provided sports supplies and equipment as well as books to young baseball players, in coordination with the Dream Big Foundation (based in the Dominican Republic) for the purpose of improving themselves intellectually and physically in their efforts to obtain scholarships in the United States.$39,296$13,848
The organization provided school supplies and learning toys as well as clothing and shoes to tribal children in Tanzania.$34,548-
The organization supplied sporting supplies and equipment to a baseball team in Columbia in coordination with the charitable foundation Baseball Without Borders. Food, educational supplies, and toys are also provided to those in vulnerable neighborhoods along with the charitable Redimir Foundation food pantry.$15,508$5,506
The organization paid various expenses which were in furtherance of its mission such as providing funds for scholarships and for children in need.$12,437$3,511
The organization provided for cancer treatment for children in Venezuela through donation of medical supplies and exam expenses through the HIGEA Foundation (formerly BADAN Foundation). School supplies and toys were also provided to these children.$5,577-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KARELIS CARRASCOPresident-$0--
LUCAS GONZALEZVice President-$0--
YENNY PARRADirector-$0--
Filing and Contact Details

Filer

Filer Name
Karry Carrasco Foundation Inc
EIN
83-2072399
Phone
7274390089
Address
1318 ALT 19, PALM HARBOR, FL 34683

Signing Officer

Name
Karelis Carrasco
Title
President
Signed
2021-11-12
Discuss with paid preparer
Yes

Preparer

Firm
David Rodrigues CPA Pa
Address
101 N Missouri Ave Ste 2, Clearwater, FL 33755
Preparer
David Rodrigues CPA Pa
Phone
7274390089
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $22627”

Other Expenses.1003

“Information Technology $1517”

Other Expenses.1005

“Travel $40669”

Other Expenses.1009

“Depreciation $6277”

Other Assets.1002

“Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $2089”

Other Assets.1003

“Machinery and Equipment - Beginning $12072 Machinery and Equipment - Ending $10214”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $9518 Accounts Payable and Accrued Expenses - Ending $14942”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $16000”

Raw XML Appendix176 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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IRS990EZ/OtherExpensesTotalAmt071090
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IRS990EZ/PrimaryExemptPurposeTxt0To assist in humanitarian efforts in Venezuela and throughout the Americas.
IRS990EZ/PrintingPublicationsPostageAmt032107
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization provided sports supplies and equipment as well as books to young baseball players, in coordination with the Dream Big Foundation (based in the Dominican Republic) for the purpose of improving themselves intellectually and physically in their efforts to obtain scholarships in the United States.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The organization supplied sporting supplies and equipment to a baseball team in Columbia in coordination with the charitable foundation Baseball Without Borders. Food, educational supplies, and toys are also provided to those in vulnerable neighborhoods along with the charitable Redimir Foundation food pantry.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The organization provided school supplies and learning toys as well as clothing and shoes to tribal children in Tanzania.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3The organization provided for cancer treatment for children in Venezuela through donation of medical supplies and exam expenses through the HIGEA Foundation (formerly BADAN Foundation). School supplies and toys were also provided to these children.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt4The organization paid various expenses which were in furtherance of its mission such as providing funds for scholarships and for children in need.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt039296
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt412437
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013848
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt15506
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107526
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0289213
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0396739
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $22627
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $1517
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $40669
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $6277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $2089
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Machinery and Equipment - Beginning $12072 Machinery and Equipment - Ending $10214
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $9518 Accounts Payable and Accrued Expenses - Ending $14942
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $16000
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1002
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1008
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KARELIS CARRASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARRY CARRASCO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KARR
ReturnHeader/Filer/EIN0832072399
ReturnHeader/Filer/PhoneNum07274390089
ReturnHeader/Filer/USAddress/AddressLine1Txt01318 ALT 19
ReturnHeader/Filer/USAddress/CityNm0PALM HARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034683
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593808063
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID RODRIGUES CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 N Missouri Ave Ste 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clearwater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum07274390089
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID RODRIGUES CPA PA
ReturnHeader/ReturnTs02021-11-12T12:42:29-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KARELIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARRASCO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,533
Liabilities
$30,942
Net assets
$173,591
Revenue
$107,526
Expenses
$147,053
Net income
-$39,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.15$1.84$1.59$1.66$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.06$0.16$1.90$2.55$2.60$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.18$1.95$0.84$0.62$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.31$1.74$1.08$1.47$0.40
2019Detailed filing. Detailed filing data is available for this year.$2.23$0.10$2.13$2.89$0.79$2.11