Civic Intelligence

Kvc Foundation Inc.

990 • Fiscal year 2020 • EIN 85-2720163

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileN/A
5750 Collins Ave STE 14AMiami Beach, FL 33140

(786) 286-3572

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

100th percentile

100%

Higher net margin than 100% 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

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$20,000

No earlier filing loaded for comparison.

Net Assets

$20,000

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin100th percentile

Revenue

$20,000

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$20,000

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.

$150K$100K$50K$0Assets 2020: $20,000Liabilities 2020: $0Net Assets 2020: $20,0002020Assets 2021: $67,873Liabilities 2021: $0Net Assets 2021: $67,8732021Assets 2022: $109,650Liabilities 2022: $783Net Assets 2022: $108,8672022Assets 2023: $104,350Liabilities 2023: $1,744Net Assets 2023: $102,6062023Assets 2024: $103,156Liabilities 2024: $1,804Net Assets 2024: $101,3522024

Highlighted filing

2020

Assets$20,000
Liabilities$0
Net Assets$20,000
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0Revenue 2020: $20,000Expenses 2020: $0Net Income 2020: $20,0002020Revenue 2021: $50,000Expenses 2021: $2,127Net Income 2021: $47,8732021Revenue 2022: $50,000Expenses 2022: $9,006Net Income 2022: $40,9942022Expenses 2023: $6,2602023Expenses 2024: $1,2542024

Highlighted filing

2020

Revenue$20,000
Expenses$0
Net Income$20,000
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$20,000
Mission and Program Overview

Mission

Kvc foundation works to empower the latin community children by enhancing and enriching their dreams and goals through scholarships, rewards and grand programs.

KVC Foundation works to empower the Latin community children by enhancing and enriching their dreams and goals through scholarships, reward and grant programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$20,000-
Total Assets$0$20,000▲ $20,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$20,000-
Total Net Assets Fund Balance$0$20,000▲ $20,000
Total Liabilities and Net Assets / Fund Balance$0$20,000▲ $20,000
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Maria CastellanosPresident
Carlos HerreraVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$20,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Initial Fund$20,000$20,000-$20,000
Total Events$20,000$20,000-$20,000
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 governing body review Part VI line 11

“This Form 990 was reviewed by the officers of the governing body at a special meeting immediately preceding being submitted to IRS.”

Conflict of interest policy compliance Part VI line 12C

“Any and all possible conflict of interest is examied as it arises to the attention of the management.”

Governing documents etc available to public Part VI line 19

“Governing documents are available to public upon a 30-day notice.”

Filing and Contact Details

Filer

Filer Name
KVC Foundation Inc
EIN
85-2720163
Address
5750 Collins Ave STE 14A, Miami Beach, FL 33140

Signing Officer

Name
Maria Castellanos
Title
President
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Fl
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
2

Preparer

Firm
Ivy Accounting Tax & Advisory
Address
12905 SW 42nd St Unit 222, Miami, FL 33175
Preparer
Ye Zhang
Phone
7862276928
Raw XML Appendix247 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/CYRevenuesLessExpensesAmt020000
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IRS990/FormationYr02020
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IRS990/GoverningBodyVotingMembersCnt01
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt020000
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IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0KVC Foundation works to empower the Latin community children by enhancing and enriching their dreams and goals through scholarships, reward and grant programs.
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IRS990/NetAssetsOrFundBalancesEOYAmt020000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020000
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/ReconcilationRevenueExpnssAmt020000
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt020000
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Maria
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ReturnHeader/TaxPeriodBeginDt02020-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$20,000
Liabilities
$0
Net assets
$20,000
Revenue
$20,000
Expenses
$0
Net income
$20,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.02$1.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.03$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.50$0.09$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.00$0.68$0.50$0.02$0.48
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.20$0.00$0.20