Sociedad Interamericana De Prensa Inc
- Assets
- $10.4m
- Revenue
- $995.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Miami, FL
- Founding
- 06/2007
- Data as of
- 06/2021
- EIN
- 20-8062541
Organization Overview
Sociedad Interamericana De Prensa Inc is located in Miami, FL. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Sociedad Interamericana DE Prensa Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sociedad Interamericana DE Prensa Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sociedad Interamericana DE Prensa Inc generated $995.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $952.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Trotti Executive Director | OfficerTrustee | 40 | $221,472 |
Scott C Schurz Honorary Life President | OfficerTrustee | 0.5 | $0 |
Jorge Canahuati Larach President | OfficerTrustee | 0.5 | $0 |
Michael Greenspon 1st Vice President | OfficerTrustee | 0.5 | $0 |
Roberto Rock 2nd Vice President | OfficerTrustee | 0.5 | $0 |
Gabriela Vivanco Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,379 |
| Total Program Service Revenue | $200,124 |
| Investment income | $255,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $995,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,168 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,389 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,247 |
| Pension plan accruals and contributions | $28,098 |
| Other employee benefits | $63,052 |
| Payroll taxes | $30,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,732 |
| Advertising and promotion | $0 |
| Office expenses | $35,352 |
| Information technology | $26,596 |
| Royalties | $0 |
| Occupancy | $10,291 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $952,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,619 |
| Net Land, buildings, and equipment | $5,334 |
| Investments—publicly traded securities | $9,303,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $822,058 |
| Total assets | $10,441,863 |
| Accounts payable and accrued expenses | $10,726 |
| Grants payable | $0 |
| Deferred revenue | $112,293 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $90,068 |
| Other liabilities | $0 |
| Total liabilities | $213,087 |
| Net assets without donor restrictions | $8,281,150 |
| Net assets with donor restrictions | $1,947,626 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,441,863 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sociedad Interamericana De Prensa Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
San Francisco Foundation San Francisco, CA PURPOSE: ADVISED - TO SUPPORT THE CHAPULTEPEC PROJECT. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Imagine - South Broward Inc Sunrise, FL | $1,098,870 | $2,986,588 |
Pure Edge Inc Palm Beach, FL | $739,291 | $2,020,460 |