Civic Intelligence

Tectum Foundation Inc

EIN 85-3113805 • 501(c)3 • Miami, FL

Profile

Expand access to independent and credible news information to lower-income sectors of Latin America through multiple media platforms and information dissemination mechanisms.Funds will be used to hire a team for this operation (i.e coordinator, journalists, driver, etc), purchase equipment so communities can gain access toinformation (i.e computers, tv, printer). We will be visiting low income sectors to provide newspapers.

777 SW 37th AVE 510Miami, FL 33135

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.82x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

33rd percentile

-3.1%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

98th percentile

332%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$21,587

Up $16,587 (+332%) from 2020

Liabilities

Up

$39,216

Up $34,216 (+684%) from 2020

Net Assets

Down

-$17,629

Down $17,629 from 2020

Operations
Liabilities / Revenue66th percentileNet Margin33rd percentile

Revenue

Up

$577,977

Up $577,977 from 2020

Expenses

Up

$595,606

Up $595,606 from 2020

Net Income

Down

-$17,629

Down $17,629 from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$20K$0-$20KAssets 2020: $5,000Liabilities 2020: $5,000Net Assets 2020: $02020Assets 2021: $21,587Liabilities 2021: $39,216Net Assets 2021: -$17,6292021

Highlighted filing

2021

Assets$21,587
Liabilities$39,216
Net Assets-$17,629
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $577,977Expenses 2021: $595,606Net Income 2021: -$17,6292021

Highlighted filing

2021

Revenue$577,977
Expenses$595,606
Net Income-$17,629
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,587
Liabilities
$39,216
Net assets
-$17,629
Revenue
$577,977
Expenses
$595,606
Net income
-$17,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.39$0.18$5.78$5.96$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 6, 2023
Return Version
2021v4.2
Gross Receipts
$577,977
Mission and Program Overview

Mission

Expand access to independent and credible news information to lower-income sectors of Latin America through multiple media platforms and information dissemination mechanisms.Funds will be used to hire a team for this operation (i.e coordinator, journalists, driver, etc), purchase equipment so communities can gain access toinformation (i.e computers, tv, printer). We will be visiting low income sectors to provide newspapers.

Expand access to independent and credible news information to lower-income sectors of Latin America

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$15,060-
Intangible Assets$5,000$4,665▼ $335
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-17,629▼ $17,629
Total Assets$5,000$21,587▲ $16,587
Other Assets Total$0$1,862▲ $1,862
Liabilities
Other Liabilities$5,000$39,216▲ $34,216
Total Liabilities$5,000$39,216▲ $34,216
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-17,629▼ $17,629
Total Liabilities and Net Assets / Fund Balance$5,000$21,587▲ $16,587

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,862--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Francisco LayrissePresident
William VeraVice President
Alejandro PuyanaSecretary / Treasury
Revenue and Support

Revenue Composition

Contributions and Grants
$577,977
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$577,977
Change in Net Assets
$-17,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$524,721
Other Expenses$70,885
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$524,721--$524,721
Advertising$37,246--$37,246
Fees for Services Management-$14,276-$14,276
Fees for Services Accounting-$1,090-$1,090
Other Expenses$375$460-$375
Depreciation Depletion$333--$333
Total Functional Expenses$579,780$15,826$0$595,606
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Inversiones Barenco S.a.$39,216
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, Part VI, Section B, line 11B

“Form 990 was provided to each person who was a voting member of the governing body”

Form 990, Part VI, Section C, line 19

“Expand access to independent and credible news information to lower-income sectors of Latin America through multiple media platforms and information dissemination mechanisms. Funds will be used to hire a team for this operation (i.e coordinator, journalists, driver, etc), purchase equipment so communities can gain access to information (i.e computers, tv, printer). We will be visiting low income sectors to provide newspapers.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“FRANCISCO LAYRISSE - 2101 SANTA VERONICA ST , MISSION, TX 78572. WILLIAM VERA - 334 NE 100th ST, MIAMI SHORES, FL 33138. ALEJANDRO PUYANA - 808 MAUDE ST, AUSTIN, TX 78702.”

Filing and Contact Details

Filer

Filer Name
Tectum Foundation Inc
EIN
85-3113805
Phone
7868376787
Address
777 SW 37th AVE 510, MIAMI, FL 33135

Signing Officer

Name
Alejandro Puyana
Title
Secretary / Treasury
Phone
7868376787
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francisco Layrisse
Formed
2020
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Camero & Company CPA PA
Address
3403 NW 82nd Avenue Suite 330, Doral, FL 33122
Preparer
Leonardo Camero CPA
Phone
3057121040
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Expand access to independent and credible news information to lower-income sectors of Latin America through multiple media platforms and information dissemination mechanisms. Funds will be used to hire a team for this operation (i.e coordinator, journalists, driver, etc), purchase equipment so communities can gain access to information (i.e computers, tv, printer). We will be visiting low income sectors to provide newspapers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FRANCISCO LAYRISSE - 2101 SANTA VERONICA ST , MISSION, TX 78572. WILLIAM VERA - 334 NE 100th ST, MIAMI SHORES, FL 33138. ALEJANDRO PUYANA - 808 MAUDE ST, AUSTIN, TX 78702.
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