Ceiba Inc
- Assets
- $1.1m
- Revenue
- $746.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Philadelphia, PA
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 23-2732783
Organization Overview
Ceiba Inc is located in Philadelphia, PA. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Ceiba Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ceiba 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 06/2022, Ceiba Inc generated $746.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $660.3k during the year ending 06/2022. While expenses have increased by 20.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE SERVICES PROVIDED TO MEMBERS, HOUSING COUNSELING AND ASSET BUILDING SERVICES, POLICY ANALYSIS ON MATTERS RELATING TO: LIMITED ENGLISH PROFICIENT POPULATIONS, CIVIL RIGHTS AND CONSUMER PROTECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adonis Banegas Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Yvette Nunez Board Member | Trustee | 0.5 | $0 |
Rev Danny Cortes President | OfficerTrustee | 0.5 | $0 |
Anita Santos-Singh ESQ Vice President | OfficerTrustee | 0.5 | $0 |
Michelle Carrera-Morales Board Member | Trustee | 0.5 | $0 |
Will Gonzalez Executive Director | Officer | 40 | $72,911 |
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 | $502,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,930 |
| Total Program Service Revenue | $241,254 |
| Investment income | $0 |
| 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 | $746,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,258 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,905 |
| Compensation of current officers, directors, key employees. | $6,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,142 |
| Payroll taxes | $23,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,700 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,148 |
| All other expenses | $53,301 |
| Total functional expenses | $660,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,000 |
| Accounts receivable, net | $21,426 |
| 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 | $10,770 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,077,829 |
| Accounts payable and accrued expenses | $3,724 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,724 |
| Net assets without donor restrictions | $994,105 |
| Net assets with donor restrictions | $80,000 |
| 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 | $1,077,829 |
Grants Awarded
Over the last fiscal year, Ceiba Inc has awarded $226,842 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NUEVA ESPERANZA PURPOSE: FUND MISSION | $69,133 |
CONGRESO DE LATINOS PURPOSE: FUND MISSION | $69,133 |
HACE PURPOSE: FUND MISSION | $69,133 |
STRATEGY ARTS LLC PURPOSE: FUND MISSION | $12,543 |
PRESERVATION ALLIANCE PURPOSE: FUND MISSION | $6,900 |