Nobis Foundation Inc
- Assets
- $103.4k
- Revenue
- $294.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Coral Gables, FL
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-1446270
Organization Overview
Nobis Foundation Inc is located in Coral Gables, FL. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Nobis Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nobis Foundation 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 12/2022, Nobis Foundation Inc generated $294.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $353.2k during the year ending 12/2022. 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
NOBIS FOUNDATION PERFORMS CHARITABLE AND HUMANITARIAN ACTS IN COUNTRIES AND REGIONS WITH SCARCE ECONOMIC RESOURCES, AS WELL AS IN AREAS ENDANGERED BY NATURAL DISASTERS AND/OR POVERTY. THESE AREAS INCLUDE, BUT ARE NOT LIMITED TO, THE UNITED STATES, LATIN AMERICA, AND THE CARRIBEAN. THE ORGANIZATION ALSO PLANS TO CARRY OUT EDUCATIONAL PROGRAMS AND ASSIST WITH THE FUNDING OF SCHOOLS, TECHNOLOGY, AND LEARNING MATERIALS WHICH WILL ALLOW DISADVANTAGED CHILDREN AND TEENAGERS TO DEVELOP THEMSELVES INTO RESPONSIBLE AND EDUCATED ADULTS, AS WELL AS PROMOTE CULTURE, ARTS AND SCIENCE AMONG CHILDREN AND TEENAGERS. FINALLY, THE ORGANIZATION PLANS TO ORGANIZE AND SPONSOR MEETINGS, FORUMS, AND WORKSHOPS RELATING TO SOCIAL RESPONSIBILTY, COMMUNITY DEVELOPMENT AND PHILANTHROPY. IN ORDER TO FURTHER ITS CHARITABLE PURPOSES, THE ORGANIZATION PLANS TO COOPERATE WITH OTHER NOT-FOR-PROFITS BASED IN FLORIDA AND OBTAIN DONATIONS FROM INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOBIS FOUNDATION IS INVOLVED IN "MAKE THE IMPOSSIBLE POSSIBLE" AIMED TO HELP CHILDREN FROM ECUADOR TO IMPROVE THE EDUCATION CONDITIONS, SO THE CHILDREN HAVE A CHANCE TO GROW AND BECOME WHO THEY WANT TO BE.
NOBIS FOUNDATION IS INVOLVED IN "EDUCATIONAL VOLUNTEER PROGRAM" AIMED TO PROMOTE HUMANITARIAN AND SOCIAL WORK IN POOR ECUADORIAN SCHOOLS. IN 2018, YOUNG VOLUNTEER STUDENTS FROM MIAMI (USA) VISITED THE MAR A EUFRASIA SCHOOL, LOCATED IN ISLA TRINITARIA, A POOR AND MARGINAL SLUM IN GUAYAQUIL CITY, WHERE THE KAIROS FOUNDATION CARRIES OUT A GREAT EDUCATIONAL PROGRAM. FOR A WHOLE WEEK, THE VOLUNTEERS LIVE TOGETHER WITH ECUADORIAN CHILDREN AND GET TO KNOW THEIR ENVIRONMENT, THEIR CHALLENGES AND THEIR SCHOOL NEEDS. ADDITIONAL TO THE ECONOMIC SUPPORT FOR THE CONSTRUCTION OF THEIR SCHOOL, THE VOLUNTEERS WILL ALSO DEVELOP SPECIAL BOND WITH THE STUDENTS THAT WILL LATER TRANSLATE IN OTHER SOCIAL BENEFITS.
NOBIS FOUNDATION IS INVOLVED IN ' BE A HERO' AIMED TO PROMOTE HUMANITARIAN AND SOCIAL WORK IN ECUADOR, VENEZUELA, AND VARIOUS PROJECTS TO PROVIDE FAMILIES WITH FOOD AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isidro Romero Noboa President;director | OfficerTrustee | 40 | $6,030 |
Antonella Romero Vice President;director | OfficerTrustee | 40 | $48,000 |
Alejandro Gravier Treasurer | OfficerTrustee | 4 | $0 |
Isabel Noboa Ponton Director | OfficerTrustee | 4 | $0 |
Isidro Andres Romero Director | OfficerTrustee | 4 | $750 |
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 | $294,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,102 |
| Total Program Service Revenue | $0 |
| 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 | $294,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,106 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,625 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $25,536 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,640 |
| 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 | $29,180 |
| Advertising and promotion | $75 |
| Office expenses | $5,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $758 |
| Insurance | $20,438 |
| All other expenses | $5,214 |
| Total functional expenses | $353,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,368 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,004 |
| Total liabilities | $6,004 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $97,364 |
| Total liabilities and net assets/fund balances | $103,368 |
Grants Awarded
Over the last fiscal year, Nobis Foundation Inc has awarded $39,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CHILDREN OF VENEZUELA PURPOSE: FUNDS RAISED FOR EVENT TO BRNG AWARENESS TO OUR CAUSE. | $13,375 |
ASEAM INTERNATIONAL INC PURPOSE: TO PROVIDE FUNDS FOR PROJECT FEED POOR FAMILIES IN ECUADOR | $26,176 |