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8003 Foundation INC FY2021 filing

Miami, FLUnknown exempt organization EIN 46-3827934Revenue $1.1M in FY2021

On file with the IRS6340 Sunset Drive · Miami, FL

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8003 Foundation, INC. Is a not-for-profit organization operating in south florida. The organization provides financial support to all mater academy charter schools.

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $320K a year · 37% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 24.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.1M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+3% vs prior year
Spent
$713K
To programs
97%
Net assets
$1.8M
By yearFY2020–FY2022
Revenue
$1.1M
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$380K
Expenses
$713K
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$789K
FY2021$713K
FY2022$112K
Net assets
$1.8M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$0

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $689K Management & general 3% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Cesar C Crousillat
Secretary, Director, VP
$0Pt VII · Sec A
Kim Guilarte
President, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See 8003 Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial support to Mater Academy Charter Schools in South Florida.

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Provided by the organization

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1 program · $689K · in their own filed words · FY2021
01

8003 foundation, inc. Provides leasing of its building and land to mater academy inc.

$689Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$230
Money outPt IX
$713K
Ln 25
Programscol B$689K
Managementcol C$24K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$13.8M
LiabilitiesLn 26$12.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$230
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$9.8M
Other assetsLn 15$2.5M
Total assetsLn 16$13.8M
LiabilitiesLn 26$12.1M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$540K$1.5M
Land, buildings, equipmentLn 10c$10.0M$9.8M
Total assetsLn 16$13.0M$13.8M
LiabilitiesLn 26$11.7M$12.1M
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$6K$6K
InterestLn 20$465K$465K
Depreciation, depletion and amortizationLn 22$224K$224K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$713K$689K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $380K$112K$268K$0 990 PDF
FY2021 Viewing $1.1M$713K$400K$1.8M 990 PDF
FY2020 $1.1M$789K$291K$1.4M 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 FY2021 990 (6 parts)
Part I · Summary $1,112,867 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,077,996$1,112,637
I-10 Investment incomePrior year $1,452$230
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,079,448$1,112,867
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $788,771$712,649
I-18 Total expensesPrior year $788,771$712,649
I-19 Revenue less expensesPrior year $290,677$400,218
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,112,867 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,112,637$1,112,637
VIII-3 Investment incomeRelated to mission $230$230
VIII-12 Total revenueRelated to mission $1,112,867 · Unrelated business $0 · Excluded from tax $0$1,112,867
Part IX · Statement of functional expenses $712,649 across 6 lines filed
IX-11b Legal feesManagement $10,985$10,985
IX-11c Accounting feesManagement $3,600$3,600
IX-11g Other fees for servicesManagement $6,000$6,000
IX-20 InterestPrograms $465,396$465,396
IX-22 Depreciation, depletion and amortizationPrograms $223,621$223,621
IX-24 Other expenses (24a–d)Management $3,047$3,047
IX-25 Total functional expensesPrograms $689,017 · Management $23,632 · Fundraising $0$712,649
Part X · Balance sheet $13,833,976 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $540,423$1,460,401
X-4 Accounts receivableStart of year $78,193$27,418
X-10c Land, buildings and equipment, netStart of year $10,025,235$9,822,751
X-14 Intangible assetsStart of year $84,059$62,924
X-15 Other assetsStart of year $2,307,716$2,460,482
X-16 Total assetsStart of year $13,035,626$13,833,976
X-17 Accounts payable and accrued expensesStart of year $20,500$15,000
X-25 Other liabilitiesStart of year $243,666$245,993
X-26 Total liabilitiesStart of year $11,664,166$12,062,298
X-27 Net assets without donor restrictionsStart of year $1,371,460$1,771,678
X-32 Total net assets or fund balancesStart of year $1,371,460$1,771,678
X-33 Total liabilities and net assetsStart of year $13,035,626$13,833,976
Part XI · Reconciliation of net assets $1,771,678 net assets at year end
XI-1 Total revenue$1,112,867
XI-2 Total expenses$712,649
XI-3 Revenue less expenses$400,218
XI-4 Net assets at start of year$1,371,460
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,771,678

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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