Civic Intelligence

Monat Gratitude Inc.

990 • Fiscal year 2022 • EIN 84-3043046

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

3470 NW 82 Avenue Suite 910Miami, FL 33122

(305) 300-3221

Siviq Scores

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

Liabilities / Assets

56th percentile

0.09x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-21%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$253,085

Down $96,293 (-28%) from 2021

Net Assets

Down

$229,403

Down $90,455 (-28%) from 2021

Liabilities

Down

$23,682

Down $5,838 (-20%) from 2021

Revenue

Down

$2,823,870

Down $744,701 (-21%) from 2021

Expenses

Down

$3,014,325

Down $386,143 (-11%) from 2021

Net Income

Down

-$190,455

Down $358,558 (-213%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $178,403Liabilities 2020: $26,649Net Assets 2020: $151,7542020Assets 2021: $349,378Liabilities 2021: $29,520Net Assets 2021: $319,8582021Assets 2022: $253,085Liabilities 2022: $23,682Net Assets 2022: $229,4032022Assets 2023: $138,942Liabilities 2023: $92,340Net Assets 2023: $46,6022023Assets 2024: $99,851Liabilities 2024: $76,533Net Assets 2024: $23,3182024

Highlighted filing

2022

Assets$253,085
Liabilities$23,682
Net Assets$229,403

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,706,844Expenses 2020: $1,555,090Net Income 2020: $151,7542020Revenue 2021: $3,568,571Expenses 2021: $3,400,468Net Income 2021: $168,1032021Revenue 2022: $2,823,870Expenses 2022: $3,014,325Net Income 2022: -$190,4552022Revenue 2023: $2,269,037Expenses 2023: $2,251,838Net Income 2023: $17,1992023Revenue 2024: $763,613Expenses 2024: $786,897Net Income 2024: -$23,2842024

Highlighted filing

2022

Revenue$2,823,870
Expenses$3,014,325
Net Income-$190,455
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,831,955
Mission and Program Overview

Mission

To motivate and inspire our greater community to take action and generate positive change by partnering with visionary organizations in the areas of education, children, and families that are improving the world.

To motivate and inspire our greater community to take action and generate positive change by partnering with visionary organization in the areas of education, children, and families that are improving the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$319,858$229,403▼ $90,455
Pledges and Grants Receivable$93,690$111,500▲ $17,810
Cash and Non-Interest-Bearing Accounts$214,301$110,718▼ $103,583
Prepaid Expenses and Deferred Charges$28,145$25,711▼ $2,434
Inventories for Sale or Use$13,242$5,156▼ $8,086
Total Assets$349,378$253,085▼ $96,293
Liabilities
Accounts Payable and Accrued Expenses$29,520$23,682▼ $5,838
Total Liabilities$29,520$23,682▼ $5,838
Net Assets / Fund Balance
Total Net Assets Fund Balance$319,858$229,403▼ $90,455
Total Liabilities and Net Assets / Fund Balance$349,378$253,085▼ $96,293
Compensation and Service Providers

Board Members and Trustees

NameTitle
Luisaylen UrdentaChair - CEO
Stuart MacmillanVice Chair
Javier UrdanetaDirector
Ivis MendozaSecretary
Marc LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,813,607
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$10,263
All Other Contributions
$2,813,607
Change in Net Assets
$-190,455

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1,000$1,152,250Fair Market Value (FMV)
Total Noncash Contributions1,000$1,152,250-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,823,870
Total Revenue per Audited Statements
$2,823,870
Total Revenue per Form 990
$2,823,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,245,736
Other Expenses$498,536
Salaries, Compensation, and Employee Benefits$270,053
Total Fundraising Expense$9,456
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,184,821--$1,184,821
Grants to Domestic Orgs$952,827--$952,827
Other Salaries and Wages$149,500$120,553-$270,053
Fees for Services Other$22,100$86,009-$108,109
Foreign Grants$108,088--$108,088
Office Expenses$23,470$2,307$8,725$34,502
Insurance-$9,205-$9,205
Other Expenses$1,628$3,407$731$5,766
All Other Expenses$1,000--$1,000
Travel$560--$560
Advertising$90$10-$100
Total Functional Expenses$2,770,678$234,191$9,456$3,014,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,014,325
Total Expenses per Audited Statements$3,014,325
Total Expenses per Form 990$3,014,325
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Big Brothers Big Sisters of AmericaTampa, FL501c3General Support$111,412
Blue Angels Foundation IncPensacola, FL501c3General Support$52,586
Operation Gratitude IncSanta Monica, CA501c3General Support$52,586
The 22 ProjectOakland, CA501c3General Support$52,586
The Salvation ArmyBrea, CA501c3General Support$51,500
International Rescue Committee IncNew York, NY501c3General Support$46,775
Farm Share IncHomestead, FL501c3General Support$32,500
Adrienne Arsht Center Trust IncMiami, FL501c3General Support$20,000
Alvin Ailey Dance Foundation IncNew York, NY501c3General Support$20,000
Boys & Girls Club Colorado RiverBullhead City, AZ501c3General Support$20,000
Guitars Over Guns Organization IncMiami, FL501c3General Support$20,000
Junior Achievement South FloridaCoconut Creek, FL501c3General Support$20,000
Playing for Change FoundationNw Washington, DC501c3General Support$20,000
Teenpreneur Foundation IncDelray Beach, FL501c3General Support$20,000
The CrucibleMiami, FL501c3General Support$20,000
Youth at Heart Inc--General Support$20,000
Network Teaching EntreprenuershipChicago, IL501c3General Support$15,000
One City Vendercook CollegeLos Angeles, CA501c3General Support$15,000
Saving AmyNashville, TN501c3General Support$15,000
Smith Center for the Performing ArtBoston, MA501c3General Support$15,000
The Immokalee Foundation IncMiami, FL501c3General Support$15,000
Urban Affairs CoalitionTulsa, OK-General Support$15,000
Ruckusroots IncPheonix, AZ501c3General Support$12,275
Girls on the Run InternationalCharlotte, NC501c3General Support$12,000
Keiskamma FriendsEl Paso, TX501c3General Support$11,712
A Precious ChildBroomfield, CO501c3General Support$10,000
Celebrating You IncMissouri City, TX501c3General Support$10,000
Education Through Music-los AngelesStockton, CA501c3General Support$10,000
Happiness Is Camping IncHardwick, NJ501c3General Support$10,000
Heal Center for the ArtsSt Louis, MO501c3General Support$10,000
Im Able FoundationReading, PA501c3General Support$10,000
Junior Achievement Northern IndianaFort Wayne, IN501c3General Support$10,000
Kids Excel El Paso IncWestlake Vlg, CA501c3General Support$10,000
LOS ROBLES CHILDREN'S CHOIRDetroit, MI501c3General Support$10,000
Motown Historical Museum IncNew York, NY501c3General Support$10,000
Sitel Operating CorporationLas Vegas, NV501c3General Support$10,000
South End Soccer IncTallahassee, FL501c3General Support$10,000
The Home Team - Miami IncNaples, FL501c3General Support$10,000
Together We Rise CorporationMesa, AZ501c3General Support$10,000
United Sound IncPhiladelphia, PA501c3General Support$10,000
Red CrossLos Angeles, CA501c3General Support$9,265
Girls on the Run SierrasReno, NV501c3General Support$6,450
Big Brothers Big Sisters South NevLas Vegas, NV501c3General Support$6,000

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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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 2

Luisaylen urdaneta javier urdaneta officer director siblings

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to the board to review prior to filing.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Monat Gratitude Inc
EIN
84-3043046
Phone
3053003221
Address
3470 NW 82 AVENUE SUITE 910, MIAMI, FL 33122

Signing Officer

Name
Marc Lopez
Title
Treasurer
Phone
3053003221
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luisaylen Urdenta
Formed
2019
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
1,900

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
Joe Hillstead CPA
Phone
8012256900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Donor restriction contribution 100,000

Financial Statement Notes

Schedule D, Page 4, Part XIII

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax and under similar provisions of the florida statutes. The organization has no unrelated business income. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. The organization recognizes and measures tax positions based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. No uncertain tax positions were identified by the organization as of december 31, 2020 and 2021. The u.s. Federal jurisdiction is the major tax jurisdiction where the organization files tax returns. All years since inception are open for examination by u.s. Federal tax authorities.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0EXCHANGE TRANSACTIONS IN WHICH IT RECEIVES CONSIDERATION FROM CUSTOMERS WHO PURCHASE MERCHANDISE SOLD AT EVENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX AND UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTES. THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. NO UNCERTAIN TAX POSITIONS WERE IDENTIFIED BY THE ORGANIZATION AS OF DECEMBER 31, 2020 AND 2021. THE U.S. FEDERAL JURISDICTION IS THE MAJOR TAX JURISDICTION WHERE THE ORGANIZATION FILES TAX RETURNS. ALL YEARS SINCE INCEPTION ARE OPEN FOR EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt27937
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt47548
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt57557
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt67557
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleF/InterestInForeignTrustInd0false
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PRIOR TO SELECTING A NONPROFIT TO DONATE TO, WE REQUIRE THAT INFORMATION OF THE NONPROFIT ORGANIZATIONS' CAUSE, PROGRAM, AND SERVICES BE PROVIDED TO MONAT GRATITUDE. WE REQUIRE PHOTOS, VIDEOS, TESTIMONIALS DEMONSTRATING THAT THE FUNDS WERE APPROPRIATELY DISTRIBUTED. WE TRACK EVERY DONATION OR GRANT THROUGH QUARTERLY EMAIL REPORTS AND ANNUAL IMPACT REPORT FROM THE ORGANIZATION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 5, PART V
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0INDIVIDUAL GRANTS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt19GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt20GENERAL SUPPORT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt22GENERAL SUPPORT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt25GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt26GENERAL SUPPORT

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