Civic Intelligence

Carreno Foundation Inc.

990 • Fiscal year 2019 • EIN 83-2614405

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileNONE
16606 Saddle Club RdWeston, FL 33326

(954) 385-0703

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k 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 / Assets57th percentile

Assets

$722

No earlier filing loaded for comparison.

Net Assets

$722

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin72nd percentile

Revenue

$4,399

No earlier filing loaded for comparison.

Expenses

$3,677

No earlier filing loaded for comparison.

Net Income

$722

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.

$20K$15K$10K$5.0K$0Assets 2019: $722Liabilities 2019: $0Net Assets 2019: $7222019Assets 2020: $539Liabilities 2020: $0Net Assets 2020: $5392020Assets 2021: $4,331Liabilities 2021: $0Net Assets 2021: $4,3312021Assets 2024: $16,816Liabilities 2024: $0Net Assets 2024: $16,8162024

Highlighted filing

2019

Assets$722
Liabilities$0
Net Assets$722
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30K$20K$10K$0-$10KRevenue 2019: $4,399Expenses 2019: $3,677Net Income 2019: $7222019Revenue 2020: $300Expenses 2020: $483Net Income 2020: -$1832020Revenue 2021: $10,670Expenses 2021: $6,878Net Income 2021: $3,7922021Revenue 2024: $22,148Expenses 2024: $15,059Net Income 2024: $7,0892024

Highlighted filing

2019

Revenue$4,399
Expenses$3,677
Net Income$722
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.0
Gross Receipts
$4,399
Mission and Program Overview

Mission

CHARITY MUSICAL EVENTS

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$722-
Total Assets$0$722▲ $722
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$722-
Total Net Assets Fund Balance$0$722▲ $722
Total Liabilities and Net Assets / Fund Balance$0$722▲ $722
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Carmen E CarrenoPresident
Andreina AlvarezDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,399
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$562$212-$774
Other Expenses$677$515-$515
Total Functional Expenses$2,950$727$0$3,677
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
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Carreno Foundation Inc
EIN
83-2614405
Phone
9543850703
Address
16606 SADDLE CLUB RD, WESTON, FL 33326

Signing Officer

Name
Carmen E Carreno
Title
President
Phone
9543800824
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmen E Carreno
Formed
2019
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Hixson Marin Desanctis & Company Pa
Address
20900 WEST DIXIE HIGHWAY, AVENTURA, FL 33180-1131
Preparer
Gloria I Duque
Phone
3059447001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Office supplies 281 0 0 supplies 209 0 0 automobile 0 92 0 bank charges 0 85 0 cafeteria 67 0 0 permit and license 0 35 0 tolls and parking 5 0 0 total 562 212 0”

Raw XML Appendix237 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/FormationYr02019
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IRS990/GoverningBodyVotingMembersCnt02
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04399
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IRS990/InitialReturnInd0X
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0CHARITY MUSICAL EVENTS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt0722
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0722
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1RENTAL SPACE
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IRS990/PartialLiquidationInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04399
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt0722
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04399
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04399
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04399
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IRS990ScheduleA/TotalSupportAmt04399
IRS990/ScheduleBRequiredInd0false
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE SUPPLIES 281 0 0 SUPPLIES 209 0 0 AUTOMOBILE 0 92 0 BANK CHARGES 0 85 0 CAFETERIA 67 0 0 PERMIT AND LICENSE 0 35 0 TOLLS AND PARKING 5 0 0 TOTAL 562 212 0
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/Filer/PhoneNum09543850703
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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
$722
Liabilities
$0
Net assets
$722
Revenue
$4,399
Expenses
$3,677
Net income
$722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$0.00$16.8$22.1$15.1$7.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.00$4.33$10.7$6.88$3.79
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.30$0.48$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$4.40$3.68$0.72