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Cambio INC

IRS exemption revoked

Center, COUnknown exempt organizationEIN 23-7353694Revenue $2K in FY2023

On file with the IRSPo Box 1240 · Center, CO

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To provide a facility for Head Start Program use as well as educational purposes for the community of Center, Colorado.

100¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $50K a year · 1552% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
49 mo
of spending, in cash
Looks good: 49.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
-70% vs prior year
Spent
$53K
To programs
100%
Net assets
$2.2M
By yearFY2022–FY2023
Revenue
$2K
FY2023▼ -70%
Tap a bar for its year
Revenue by fiscal year
FY2022$5K
FY2023$2K
Expenses
$53K
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2022$54K
FY2023$53K
Net assets
$2.2M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2022$2.2M
FY2023$2.2M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $53K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Jennie Sanchez
Board Member
$0Pt VII · Sec A
Adeline Sanchez
Board Member
$0Pt VII · Sec A
David Sanchez
Board Member
$0Pt VII · Sec A
Tom Masterson
Board Member
$0Pt VII · Sec A
See Cambio INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers a facility for Head Start and community educational programs.

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Provided by the organization

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1 program · $53K · in their own filed words · FY2022
01

Providing a very low cost facility for the Center Head Start Program. Approximately 60 children 3 years old and under are served at this facility provided by Cambio. The total rent charged for the year was $1,500.

$53Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2K
Ln 12
Other incomeLn 4–11$2K
Money outPt IX
$53K
Ln 25
Programscol B$53K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$2K
Total revenueLn 12$2K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$216K$218K
Land, buildings, equipmentLn 10c$2.0M$2.0M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$15$15
Conferences, conventions and meetingsLn 19$82$82
Depreciation, depletion and amortizationLn 22$53K$53K
Total functional expensesLn 25$53K$53K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $2K$53K−$52K$2.2M 990 PDF
FY2022 $5K$54K−$49K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,500 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $5,000$1,500
I-12 Total revenuePrior year $5,000$1,500
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,176$53,227
I-18 Total expensesPrior year $54,176$53,227
I-19 Revenue less expensesPrior year −$49,176−$51,727
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,500 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-6 Net rental income or lossRelated to mission $1,500 · Unrelated business $0 · Excluded from tax $0$1,500
VIII-12 Total revenueRelated to mission $1,500 · Unrelated business $0 · Excluded from tax $0$1,500
Part IX · Statement of functional expenses $53,227 across 3 lines filed
IX-13 Office expensesPrograms $15$15
IX-19 Conferences, conventions and meetingsPrograms $82$82
IX-22 Depreciation, depletion and amortizationPrograms $53,130$53,130
IX-25 Total functional expensesPrograms $53,227 · Management $0 · Fundraising $0$53,227
Part X · Balance sheet $2,179,191 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $216,400$217,803
X-10c Land, buildings and equipment, netStart of year $2,014,518$1,961,388
X-16 Total assetsStart of year $2,230,918$2,179,191
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,230,918$2,179,191
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,230,918$2,179,191
X-33 Total liabilities and net assetsStart of year $2,230,918$2,179,191
Part XI · Reconciliation of net assets $2,179,191 net assets at year end
XI-1 Total revenue$1,500
XI-2 Total expenses$53,227
XI-3 Revenue less expenses−$51,727
XI-4 Net assets at start of year$2,230,918
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,179,191

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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