Fortaleza FY2021 filing

Raleigh, NCUnknown exempt organizationEIN 84-3629579Revenue $32K in FY2021

On file with the IRS3125 Poplarwood Court Ste 300 · Raleigh, NC

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To build intergenerational community-led groups across the State to help educate residents about issues that impact their daily lives and promote and increase the publics understanding of ways to improve the quality of life of all marginalized communities.

35¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

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
1 of 2
filings with a surplus
Average surplus $62K a year · 36% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
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
$32K
-90% vs prior year
Spent
$90K
To programs
35%
Net assets
$123K
By yearFY2020–FY2022
Revenue
$32K
FY2021▼ -90%
Tap a bar for its year
Revenue by fiscal year
FY2020$308K
FY2021$32K
FY2022$10K
Expenses
$90K
FY2021▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$90K
FY2022Not on file
Net assets
$123K
FY2021▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$181K
FY2021$123K
FY2022−$122

From the FY2021 Form 990 · see the original

Form 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

35 cents of each dollar spent went to programs.

Program services 35% · $31K Management & general 63% · $57K Fundraising 2% · $2K

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

12 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$4,060Pt VII · Sec A
Executive Director-Previous
$3,620Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Angelina Echeverria$3,620$16,479
Iliana Santillan$4,060—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Educates residents about daily life issues and promotes ways to improve marginalized communities' quality of life.

Questions for Fortaleza

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Provided by the organization

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1 program · $31K · in their own filed words · FY2021
01

Primary Purpose (programmatic)

2021 was a relatively slow year for Fortaleza. We spent most of the year reflecting on the programmatic work that took place in 2020. A new executive director was onboarded, so Fortalezas work was kept at a minimum. We prioritized planning and strategizing for 2022.

$31Kprogram 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 · FY2021
America VotesFY2021$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$32K
Ln 12
Gifts and grantsLn 1h$32K
Investment incomeLn 3$238
Money outPt IX
$90K
Ln 25
Programscol B$31K
Managementcol C$57K
Fundraisingcol D$2K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$133K
LiabilitiesLn 26$9K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Investment incomeLn 3$238
Total revenueLn 12$32K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$133K
Total assetsLn 16$133K
LiabilitiesLn 26$9K
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 55
VolunteersI 610
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 FY21End FY21
Cash and savingsLn 1–2$215K$133K
Total assetsLn 16$223K$133K
LiabilitiesLn 26$42K$9K
Net assetsLn 32$181K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$8K$6K$691$845
Other salaries and wagesLn 7$13K$10K$1K$1K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$76$76
Payroll taxesLn 10$2K$2K
Management feesLn 11a$8K$8K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$4K$3K$865
Office expensesLn 13$3K$21$3K
Information technologyLn 14$664$550$114
OccupancyLn 16$2K$2K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$812$400$412
Other expenses (24a–d)Ln 24$2K$1K$407
All other expensesLn 24e$886$886
Total functional expensesLn 25$90K$31K$57K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $10K−$122 990 PDF
FY2021 Viewing $32K$90K−$58K$123K 990 PDF
FY2020 $308K$127K$181K$181K 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 FY2021 990 (6 parts)
Part I · Summary $32,238 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,727$32,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $174$238
I-11 Other revenue$0
I-12 Total revenuePrior year $307,901$32,238
I-13 Grants and similar amounts paidPrior year $156$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,708$24,927
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $94,670$65,477
I-18 Total expensesPrior year $126,534$90,404
I-19 Revenue less expensesPrior year $181,367−$58,166
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $32,238 across 4 lines filed
VIII-1f All other contributions, gifts and grants$32,000
VIII-1h Total contributions, gifts and grants$32,000
VIII-3 Investment incomeExcluded from tax $238$238
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $238$32,238
Part IX · Statement of functional expenses $90,404 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $6,144 · Management $691 · Fundraising $845$7,680
IX-7 Other salaries and wagesPrograms $10,286 · Management $1,154 · Fundraising $1,414$12,854
IX-8 Pension plan contributionsManagement $2,351$2,351
IX-9 Other employee benefitsManagement $76$76
IX-10 Payroll taxesManagement $1,966$1,966
IX-11a Management feesPrograms $8,018$8,018
IX-11c Accounting feesManagement $43,098$43,098
IX-11g Other fees for servicesPrograms $3,178 · Management $865$4,043
IX-13 Office expensesPrograms $21 · Management $2,521$2,542
IX-14 Information technologyPrograms $550 · Management $114$664
IX-16 OccupancyManagement $2,215$2,215
IX-17 TravelPrograms $1,516$1,516
IX-19 Conferences, conventions and meetingsPrograms $400 · Management $412$812
IX-24 Other expenses (24a–d)Programs $1,276 · Management $407$1,683
IX-24e All other expensesManagement $886$886
IX-25 Total functional expensesPrograms $31,389 · Management $56,756 · Fundraising $2,259$90,404
Part X · Balance sheet $132,514 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $190,410$107,330
X-2 Savings and temporary cash investmentsStart of year $25,089$25,184
X-16 Total assetsStart of year $222,924$132,514
X-17 Accounts payable and accrued expensesStart of year $41,557$9,313
X-26 Total liabilitiesStart of year $41,557$9,313
X-27 Net assets without donor restrictionsStart of year $181,367$123,201
X-32 Total net assets or fund balancesStart of year $181,367$123,201
X-33 Total liabilities and net assetsStart of year $222,924$132,514
Part XI · Reconciliation of net assets $123,201 net assets at year end
XI-1 Total revenue$32,238
XI-2 Total expenses$90,404
XI-3 Revenue less expenses−$58,166
XI-4 Net assets at start of year$181,367
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$123,201

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

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