South American Initiative Inc
- Assets
- $62.4k
- Revenue
- $202.7k
- Investments
- $16.8k
- Employees
- 0
- Location
- Plantation, FL
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-1747993
Organization Overview
South American Initiative Inc is located in Plantation, FL. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South American Initiative 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 12/2021, South American Initiative Inc generated $202.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $177.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ASSISTANCE TO SOUTH AMERICAN CHILDREN AND PETS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ASSISTANCE TO SOUTH AMERICAN CHILDREN AND PETS IN NEED
PROVIDING ASSISTANCE TO SOUTH AMERICAN CHILDREN AND PETS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Malca President | Officer | $0 | |
Fernando Ortiz Treasurer | Officer | $0 | |
Jonathan Roberson Secretary | Officer | $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 | $202,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,684 |
| 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 | $202,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,870 |
| Advertising and promotion | $3,652 |
| Office expenses | $2,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,800 |
| Travel | $13,212 |
| 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 | $1,156 |
| All other expenses | $144,124 |
| Total functional expenses | $177,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,534 |
| 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 | $6,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,828 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,362 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $62,362 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $62,362 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that South American Initiative Inc has recieved totaling $37,109.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $17,752 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,344 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
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Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |