Nicaragua Initiative For Community Advancement Inc in Los Angeles, California (CA)

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Nicaragua Initiative For Community Advancement Inc
Employer Identification Number (EIN)204637401
Name of OrganizationNicaragua Initiative For Community Advancement Inc
In Care of NameTerri Marlett
Address2337 Roscomare Rd Ste 2-104, Los Angeles, CA 90077-1854
SubsectionCharitable Organization
Ruling Date06/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$993,472
Amount of Income$1,127,379
Form 990 Revenue Amount$84,499
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Development, Relief Services

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Amount of income in 2012: $1,127,379 (it was $173,678 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $993,472 (it was $1,363,617 in 2011)
Nicaragua Initiative For Community Advancement Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$173,678
Contributions, Gifts, Grants and Other Similar Amounts$90,154
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$78,397
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$5,127
Gross amount from sales of assets other than inventory (Securities / Other)$170,130 / $0
Less: cost or other basis and sales expenses (Securities / Other)$165,003 / $0
Gain or (loss) (Securities / Other)$5,127 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$240,555
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$1,363,617
Total liabilities$5,286
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$1,358,331
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,934,999
Gifts, grants, contributions, and membership fees received$1,801,880
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$133,119
Gross receipts from related activities, etc.$0
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15Nicaragua Initiative For Community Advancement Inc2337 Roscomare Rd Ste 2-104, Los Angeles, CA 90077-1854CA2006-06$1,127,379
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Number of organizations performing similar types of work
District of Columbia104
North Carolina74
North Dakota5
New Hampshire13
New Jersey83
New Mexico17
New York299
Rhode Island5
South Carolina22
South Dakota3
West Virginia6
Total3,530 is not associated with, endorsed by, or sponsored by Nicaragua Initiative For Community Advancement Inc and has no official or unofficial affiliation with Nicaragua Initiative For Community Advancement Inc