Decimania INC FY2024 filing

Tax-deductible

Hatillo, PR501(c)(3)Since 2007Arts & CultureEIN 66-0692753Revenue $788K in FY2024

On file with the IRSdecimania.com108 Calle Susoni, 00659-0000 · Hatillo, PRTax-exempt since Feb 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Promote and expand Puerto Rican typical culture and music, specifically Decima through activities and educational workshop.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $13K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$81K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$788K
+62% vs prior year
Spent
$743K
To programs
87%
Net assets
$134K
By yearFY2021–FY2025
Revenue
$788K
FY2024▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2021$400K
FY2022$425K
FY2023$485K
FY2024$788K
FY2025$605K
Expenses
$743K
FY2024▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2021$361K
FY2022$409K
FY2023$503K
FY2024$743K
FY2025$620K
Net assets
$134K
FY2024▲ +51%
Tap a bar for its year
Net assets by fiscal year
FY2021$91K
FY2022$106K
FY2023$89K
FY2024$134K
FY2025$119K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $648K Management & general 8% · $62K Fundraising 4% · $33K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Decimania 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 15aYes

Programs and updates

Promote and expand Puerto Rican culture and music, especially Decima, through activities and workshops.

Provided by the organization

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1 program · $648K · in their own filed words · FY2024
01

Decima activities and workshops

$648Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$62K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$788K
Ln 12
Fees for servicesLn 2g$459K
Gifts and grantsLn 1h$329K
Money outPt IX
$743K
Ln 25
Programscol B$648K
Managementcol C$62K
Fundraisingcol D$33K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$214K
LiabilitiesLn 26$81K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$329K
Government grantsLn 1e$74K
Noncash giftsLn 1g$90K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$459K
Total revenueLn 12$788K
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$0
Cash and savings togetherLn 1–2$154K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$0
Total assetsLn 16$214K
LiabilitiesLn 26$81K
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$79K$154K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$525$17K
Total assetsLn 16$156K$214K
LiabilitiesLn 26$67K$81K
Net assetsLn 32$89K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Management feesLn 11a$405K$358K$40K$7K
Legal feesLn 11b$180$180
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$5K$3K$2K
Office expensesLn 13$4K$600$3K
OccupancyLn 16$3K$3K
TravelLn 17$151K$151K
Conferences, conventions and meetingsLn 19$136K$111K$25K
Depreciation, depletion and amortizationLn 22$853$853
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$25K$20K$5K$0
Total functional expensesLn 25$743K$648K$62K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $605K$620K−$15K$119K 990 PDF
FY2024 Viewing $788K$743K$45K$134K 990 PDF
FY2023 $485K$503K−$17K$89K 990 PDF
FY2022 $425K$409K$15K$106K 990 PDF
FY2021 $400K$361K$39K$91K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $787,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $198,507$328,659
I-9 Program service revenuePrior year $286,991$459,125
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $485,498$787,784
I-13 Grants and similar amounts paidPrior year $700$3,164
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 $502,135$739,515
I-18 Total expensesPrior year $502,835$742,679
I-19 Revenue less expensesPrior year −$17,337$45,105
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $787,784 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$73,650
VIII-1f All other contributions, gifts and grants$218,345
VIII-1g Noncash contributions (included above)$90,355
VIII-1h Total contributions, gifts and grants$328,659
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $459,125 · Unrelated business $0 · Excluded from tax $0$459,125
VIII-8 Net income from fundraising eventsExcluded from tax $0$0
VIII-12 Total revenueRelated to mission $459,125 · Unrelated business $0 · Excluded from tax $0$787,784
Part IX · Statement of functional expenses $742,679 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $3,164$3,164
IX-11a Management feesPrograms $358,312 · Management $39,716 · Fundraising $6,808$404,836
IX-11b Legal feesManagement $180$180
IX-11c Accounting feesManagement $5,600$5,600
IX-12 Advertising and promotionPrograms $3,201 · Fundraising $1,774$4,975
IX-13 Office expensesPrograms $600 · Management $3,220$3,820
IX-16 OccupancyManagement $2,880$2,880
IX-17 TravelPrograms $150,645$150,645
IX-19 Conferences, conventions and meetingsPrograms $111,373 · Fundraising $24,754$136,127
IX-22 Depreciation, depletion and amortizationManagement $853$853
IX-23 InsuranceManagement $4,453$4,453
IX-24 Other expenses (24a–d)Programs $20,457 · Management $4,689 · Fundraising $0$25,146
IX-25 Total functional expensesPrograms $647,752 · Management $61,591 · Fundraising $33,336$742,679
Part X · Balance sheet $214,470 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $78,867$153,834
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $37,127$0
X-4 Accounts receivableStart of year $25,266$34,164
X-8 Inventories for sale or useStart of year $13,823$9,290
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $525$17,182
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $155,608$214,470
X-17 Accounts payable and accrued expensesStart of year $6,745$7,572
X-18 Grants payableStart of year $60,100$73,030
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $66,845$80,602
X-27 Net assets without donor restrictionsStart of year $28,663$58,128
X-28 Net assets with donor restrictionsStart of year $60,100$75,740
X-32 Total net assets or fund balancesStart of year $88,763$133,868
X-33 Total liabilities and net assetsStart of year $155,608$214,470
Part XI · Reconciliation of net assets $133,868 net assets at year end
XI-1 Total revenue$787,784
XI-2 Total expenses$742,679
XI-3 Revenue less expenses$45,105
XI-4 Net assets at start of year$88,763
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$133,868

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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